Trends - GDP growth - Business Recorder

GDP growth

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

Opinion

Revisiting economy’s direction

‘But putting growth at the center of economic policymaking is a mistake. While important, growth in the abstract ...

Published 01 Sep, 2023 05:41am

BR Research

Profiling agri lending

The rural economy has historically suffered from the indifference of commercial bankers sitting in urban centers,...

Published 28 Aug, 2023 08:47am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 23	278.40
USD PKR Interbank Buying / Apr 23	278.10
USD to Japanese Yen / Apr 23	154.75
USD to Swiss Franc / Apr 23	0.91
Pound Sterling to USD / Apr 23	1.24
Euro to USD / Apr 23	1.07

Stock	Volume
S&P 500 / Apr 23	5070.55
India Sensex / Apr 23	73738.45
Tokyo Nikkei / Apr 23	37552.16
Nasdaq / Apr 23	15696.64
Hang Seng / Apr 23	16828.93
FTSE 100 / Apr 23	8044.81
Dow Jones / Apr 23	38503.69
Germany DAX 30 / Apr 23	18137.65

Item	Value
Crude Oil USD/Barrel / Apr 23	83.54
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Gold Spot USD/Ounce / Apr 23	2323.25
Cotton US¢/pound / Apr 23	81.72
Petrol/Litre / Apr 24	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 24 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 24 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 24 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 24 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 24 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 24 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 24 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 24 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 24 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 24 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 24 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 24 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 24 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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