Trends - GDP growth - Business Recorder

GDP growth

GDP, exports and FDI potential: ‘Overregulation, low productivity main hindrance’

KARACHI: Overregulation and low productivity are preventing Pakistan from reaching its potential for GDP growth,...

Updated 01 Dec, 2023 09:50am

Pakistan

Pakistan’s economy grows 2.13% in 1st quarter of FY24: NAC

GDP for FY23 revised slightly downward from growth of 0.29% to contraction of 0.17%

Published 28 Nov, 2023 10:43pm

Business & Finance

J.P.Morgan raises UK’s 2024 GDP growth forecast to 0.4%

J.P.Morgan on Wednesday raised UK’s economic growth forecast to 0.4% from 0.2% expected earlier. JPMorgan Chase...

Published 23 Nov, 2023 11:53am

Shamshad says expecting 2-2.5pc GDP growth

ISLAMABAD: The caretaker Federal Minister for Finance, Revenue and Economic Affairs, Dr Shamshad Akhtar, reported...

Updated 22 Nov, 2023 10:07am

World

At APEC, Biden touts workers’ rights, stable Chinese relations

SAN FRANCISCO: US President Joe Biden on Thursday said he would keep working to advance a Pacific trade pact, even...

Published 17 Nov, 2023 10:37am

Business & Finance

Indonesia’s Q3 GDP weakest in 2 years

JAKARTA: Indonesia’s annual economic growth slowed more than expected in the third quarter to its weakest pace in...

Published 06 Nov, 2023 10:50am

Opinion

Output: uptick, downtick or ...

This is the first of a two-part series focusing on the significant divergence in calculation of Gross Domestic...

Updated 06 Nov, 2023 06:03am

Markets

New orders lift Saudi non-oil business activity growth to 4-month high

DUBAI: Growth in non-oil business activity in Saudi Arabia accelerated for a second consecutive month in October, a...

Published 05 Nov, 2023 10:27am

Nepra ‘baffled’ by Discos’ power acquisition programme

ISLAMABAD: The Power Distribution Companies (Discos) combined five-year Power Acquisition Program (PAP) 2022-23 to...

Updated 25 Oct, 2023 09:05am

Business & Finance

SBP projects 2-3pc real growth

KARACHI: Pakistan’s economic situation has presented early signs of improvement in the initial months of this...

Published 24 Oct, 2023 05:05am

Opinion

Economy: performance of govts since Gen Musharraf’s bloodless coup

Lately, economic performance under various regimes based on certain indicators is the current focus of debate in the...

Published 23 Oct, 2023 05:58am

Business & Finance

China’s Q3 GDP growth, Sept activity show economic recovery gaining traction

BEIJING: China’s economy grew at a faster-than-expected clip in the third quarter, while consumption and ...

Published 23 Oct, 2023 05:58am

Opinion

Economic impasse and political instability

The economic challenges of Pakistan are appallingly enduring, and unless we effectively address fiscal discipline...

Updated 13 Oct, 2023 06:26am

BR Research

Rice: leveraged exports bottom out

High interest rates effectively reveal what economic growth looks like in a credit starved economy. During FY22,...

Published 12 Oct, 2023 08:28am

Opinion

No more business as usual—IV

Survival is increasingly challenging and overhaul of the economy is only possible with a credible roadmap undertaken...

Updated 12 Oct, 2023 06:40am

IMF projects 2.5pc growth rate for Pakistan in FY24

ISLAMABAD: The International Monetary Fund (IMF) has projected GDP growth rate for Pakistan at 2.5 per cent for 2024...

Updated 11 Oct, 2023 10:56am

Opinion

Economic recovery hamstrung by energy issues

Pakistan has been facing a host of challenges that have seriously impacted its development, growth, economic ...

Updated 09 Oct, 2023 06:56am

Opinion

No more business as usual-I

It is stated that Pakistan requires a sustained GDP growth of 7-9% for 30 years, increase focus on reducing...

Updated 04 Oct, 2023 06:58am

Business & Finance

World Bank revises growth downward to 1.7pc

ISLAMABAD: The World Bank has revised downward Pakistan’s GDP growth projection for the current fiscal year 2023-24...

Published 04 Oct, 2023 06:20am

Business & Finance

World Bank keeps China 2023 GDP growth forecast but cuts 2024 outlook

BEIJING: The World Bank has maintained its forecast for China’s 2023 economic growth at 5.1%, in line with its...

Published 03 Oct, 2023 06:02am

Opinion

Taming inflation: pushing the boulder uphill

According to a recent survey, inflation and poverty are the biggest issues in Pakistan. No one could have any doubts...

Updated 02 Oct, 2023 07:16am

Business & Finance

Need for widening tax net stressed

KARACHI: Depending on salaried class and organised sector for tax to GDP ratio is not a positive sign for economic...

Updated 02 Oct, 2023 07:23am

Markets

Hungary central bank sees 2023 budget gap at 5.2% of GDP, overshooting target

BUDAPEST: Hungary’s central bank sees the 2023 budget deficit at 5.2% of gross domestic product, well above the...

Published 28 Sep, 2023 02:57pm

Opinion

Worst is yet to come

Inflation and purchasing power erosion pinch is now reflected in volumetric sales’ reduction in products and...

Updated 25 Sep, 2023 07:36am

Pakistan

Downward revision: ADB sees Pakistan’s GDP growth to ‘recover modestly’ to 1.9% in FY24

Prospects closely tied to steadfast and consistent implementation of policy reforms to stabilise economy and rebuild fiscal, external buffers, it says

Updated 20 Sep, 2023 10:56pm

Opinion

Early warning signs

The first quarter of 2023-24 is about to come to an end. It has been an eventful quarter. It started well with the...

Updated 19 Sep, 2023 07:32am

Opinion

Sales tax blues

Given rampant sales tax evasion and slowdown in consumer demand, the government is highly unlikely to meet its...

Published 11 Sep, 2023 06:32am

Business & Finance

Ukraine’s GDP grows by 2.2pc in January to July 2023

KYIV: Ukraine’s gross domestic product grew by 2.2 percent year-on-year in the first seven months of 2023, the...

Published 11 Sep, 2023 06:32am

World

Venezuelan President Maduro to visit China

BEIJING: Venezuelan President Nicolas Maduro will visit China from Friday, the foreign ministry in Beijing said, as...

Published 08 Sep, 2023 10:44am

Business & Finance

Saudi Arabia’s economy grows 1.2% in Q2

DUBAI: Saudi Arabia’s economy grew 1.2% in the second quarter, year-on-year, government data showed on Thursday,...

Published 07 Sep, 2023 12:16pm

Gainers
Losers
Leaders

Stock	Price
F. Nat.Equities / Dec 5 First National Equities Limited(FNEL)	6.28 ▲ 1.00 (18.94%)
First Elite Cap.Mod / Dec 5 First Elite Capital Modaraba(FECM)	3.25 ▲ 0.50 (18.18%)
Universal Ins. / Dec 5 The Universal Insurance Company Limited(UVIC)	7.15 ▲ 1.00 (16.26%)
Aisha Steel(ConPS) / Dec 5 Aisha Steel(ConPS)(ASLPS)	8 ▲ 0.85 (11.89%)
P.T.C.L. / Dec 5 Pakistan Telecommunication Company Ltd(PTC)	7.93 ▲ 0.76 (10.60%)
HBL Invest Fund / Dec 5 HBL Investment Fund(HIFA)	3.43 ▲ 0.31 (9.94%)
Trust Sec.& Brok. / Dec 5 Trust Securities & Brokerage Limited(TSBL)	11 ▲ 0.94 (9.34%)
Waves Home Appliances / Dec 5 Waves Home Appliances Limited(WHALE)	8.75 ▲ 0.72 (8.97%)
Jubilee Spinning / Dec 5 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	6.94 ▲ 0.54 (8.44%)
Al-Shaheer Corp / Dec 5 Al Shaheer Corporation Limited(ASC)	9.90 ▲ 0.77 (8.43%)

Stock	Price
Asim Textile / Dec 5 Asim Textile Mills Limited(ASTM)	12.70 ▼ -1.03 (-7.50%)
Universal Network (GEM) / Dec 5 Universal Network Systems Limited (GEM)(GEMUNSL)	28.23 ▼ -2.29 (-7.50%)
MithchellsFruit / Dec 5 Mitchells Fruit Farms Limited(MFFL)	243.94 ▼ -19.78 (-7.50%)
Pak Suzuki / Dec 5 Pak Suzuki Motor Company Limited(PSMC)	504.39 ▼ -40.90 (-7.50%)
Janana D Mal / Dec 5 Janana De Malucho Textile Mills Limited(JDMT)	63.82 ▼ -5.17 (-7.49%)
Reliance Ins. / Dec 5 Reliance Insurance Company Limited(RICL)	8.80 ▼ -0.70 (-7.37%)
Pak Gulf Leasing / Dec 5 Pak-Gulf Leasing Company Limited(PGLC)	7.18 ▼ -0.57 (-7.35%)
JS Investments / Dec 5 JS Investments Limited(JSIL)	16.02 ▼ -1.23 (-7.13%)
Masood Textile / Dec 5 Masood Textile Mills Limited(MSOT)	50.20 ▼ -3.80 (-7.04%)
AEL Textile / Dec 5 AEL Textile Limited(AEL)	20 ▼ -1.50 (-6.98%)

Stock	Volume
WorldCall Telecom / Dec 5 Worldcall Telecom Limited(WTL)	57,056,586 ▲ 0.04
Maple Leaf Cement / Dec 5 Maple Leaf Cement Factory Limited(MLCF)	43,072,746 ▼ -0.61
Fauji Cement / Dec 5 Fauji Cement Company Limited(FCCL)	41,923,500 ▲ 1.29
Pak Elektron / Dec 5 Pak Elektron Limited(PAEL)	39,797,114 ▲ 0.07
Fauji Fert Bin / Dec 5 Fauji Fertilizer Bin Qasim Limited(FFBL)	27,568,000 ▲ 0.14
Oil & Gas Dev. / Dec 5 Oil & Gas Development Company Limited(OGDC)	23,778,132 ▲ 5.13
Pak Petroleum / Dec 5 Pakistan Petroleum Limited(PPL)	23,491,106 ▲ 5.48
Pak Refinery / Dec 5 Pakistan Refinery Limited(PRL)	22,637,629 ▲ 0.38
Hum Network / Dec 5 Hum Network Limited(HUMNL)	22,004,000 ▲ 0.06
P.T.C.L. / Dec 5 Pakistan Telecommunication Company Ltd(PTC)	21,755,000 ▲ 0.76

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 4	284.75
USD PKR Interbank Buying / Dec 4	284.55
USD to Japanese Yen / Dec 4	146.85
USD to Swiss Franc / Dec 4	0.87
Pound Sterling to USD / Dec 4	1.27
Euro to USD / Dec 4	1.09
UK LIBOR % / Dec 1	5.46

Stock	Volume
S&P 500 / Dec 4	4564.76
India Sensex / Dec 4	68587.82
Tokyo Nikkei / Dec 4	33273.12
Nasdaq / Dec 4	14153.30
Hang Seng / Dec 4	16729.01
FTSE 100 / Dec 4	7509.75
Dow Jones / Dec 4	36139.37
Germany DAX 30 / Dec 4	16431.20
France CAC40 / Dec 4	7347.73

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 1	17235
Gold 10 Grams PKR / Dec 1	189043
Crude Oil USD/Barrel / Dec 4	78.30
Gold Spot USD/Ounce / Dec 4	2085.16
Cotton US¢/pound / Dec 4	79.44

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GDP growth

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