Trends - GDP growth - Business Recorder

GDP growth

SBP expected to cut rates by 100bps, Reuters poll shows

ISLAMABAD: The State Bank of Pakistan (SBP) is widely expected to cut its key interest rate next week by 100 basis...

Updated 05 Jun, 2024 10:51pm

Opinion

Why is productivity low in Pakistan?

According to Paul Krugman, productivity is not everything but in the long run, it is almost everything. The average...

Updated 31 May, 2024 07:35am

Editorials

State of the economy

EDITORIAL: The Monthly Economic Update and Outlook for May 2024 was uploaded on the Finance Division website on 29...

Updated 31 May, 2024 07:26am

Business & Finance

IMF upgrades China’s 2024, 2025 GDP growth forecasts after ‘strong’ Q1

BEIJING: China’s economy is set to grow 5% this year, after a “strong” first quarter, the International Monetary...

Published 29 May, 2024 11:09am

Markets

Oil prices gain on expectations of OPEC+ extension to output cuts

LONDON: Oil prices grazed a four-week peak on Wednesday on expectations that major producers will extend output cuts...

Updated 29 May, 2024 05:20pm

Editorials

GDP growth for the current year

EDITORIAL: Pakistan Bureau of Statistics (PBS) estimated Gross Domestic Product growth rate for the current year at...

Updated 23 May, 2024 05:46am

Pakistan

Agri, industries perform: Pakistan posts 2.09% growth in Q3FY24, says NAC

Revises Q1 and Q2 estimates upwards to 2.71% and 1.79%, respectively
Targets GDP growth of 2.4% in FY24

Updated 21 May, 2024 10:07pm

IMF projects FY25 defence budget at Rs2.152trn

IMF estimates allocation as 1.72 percent of Gross Domestic Product

Updated 21 May, 2024 10:14am

BR Research

No-growth policy working

The current account is in surplus ($491 mn in April 2024) for yet another month. The 10MFY24 deficit is a meager...

Updated 20 May, 2024 10:02am

Opinion

Need for a balanced revenue-sharing framework

One of the key demands of the IMF is to increase the tax-to-GDP ratio to 13-14 percent by the end of the upcoming...

Updated 20 May, 2024 06:21am

BR Research

LSM: Revival will be painfully slow

For the fourth month running, LSM reading recorded a positive year-on-year growth, as March 2024 LSM grew 2 percent...

Published 17 May, 2024 09:30am

Opinion

Tax reforms: Aurangzeb has a difficult road ahead

Reportedly, the IMF expects FBR tax revenues to grow by over 30 percent in the upcoming fiscal year (FY25). However,...

Published 13 May, 2024 06:08am

Opinion

Counterproductive trickle-down economic effect

The critique of Western universities and certain schools of thought advocating for economic models based on the...

Published 09 May, 2024 03:11am

Business & Finance

Indonesia’s Q1 GDP growth beats forecasts, highest in three quarters

JAKARTA: Indonesia’s economy grew by 5.11% in the first quarter from a year earlier, the highest in three quarters...

Published 06 May, 2024 10:36am

Markets

Saudi Arabia’s non-oil business activity growth steady in April-PMI

DUBAI: Saudi Arabia’s non-oil business activity grew at a steady rate in April despite a slowdown in new order...

Published 05 May, 2024 01:31pm

Pakistan

Youth employment: PIDE seminar urges need of over 8pc sustainable GDP growth

ISLAMABAD: Pakistan requires a sustainable GDP growth of more than eight percent for youth employment, to reduce the...

Updated 04 May, 2024 06:32am

Editorials

Energising the SME sector

EDITORIAL: In yet another bid to encourage the growth of small and medium-sized enterprises (SMEs), the government...

Published 25 Apr, 2024 03:05am

Opinion

‘Can Pakistan do better than ADB’s predictions?’

This is apropos a letter to the Editor carried by the newspaper yesterday. The writer is spot on, so to speak. ...

Published 23 Apr, 2024 03:41am

Opinion

Can Pakistan do better than ADB’s predictions?

The Asian Development Bank’s recent outlook points to growth potential, contingent upon addressing underlying...

Published 22 Apr, 2024 04:39am

Opinion

Ending hopium—II

SIFC (Special Investment Facilitation Council) and the last Caretaker Government had taken the elephant steps on...

Published 18 Apr, 2024 03:24am

Business & Finance

IMF detects hike in govt expenditure

ISLAMABAD: The International Monetary Fund (IMF) has projected an increase of 0.7 percent in the government...

Published 18 Apr, 2024 03:24am

Business & Finance

China’s Q1 GDP growth solid but March data shows feeble demand

BEIJING: China’s economy grew faster-than-expected in the first quarter, data showed on Tuesday, offering some...

Published 17 Apr, 2024 05:28am

World

IMF sees slow, steady 2024 global growth; China, inflation pose risks

Many countries showing less 'scarring' from COVID-19 pandemic and cost-of-living crises, returning to pre-pandemic levels of output more quickly than previously predicted, says IMF

Updated 16 Apr, 2024 08:56pm

World

France to raise 2024 deficit target to 5%-5.1% of GDP

France’s finance ministry will raise its deficit target for 2024 to the equivalent of 5%-5.1% of GDP on Wednesday,...

Published 10 Apr, 2024 11:58am

Opinion

Exiting the economic quagmire: a call to action

Pakistan finds itself ensnared in a period of stagnant growth. If the World Bank’s projection of GDP growth for ...

Published 08 Apr, 2024 04:46am

Opinion

From rags to riches

Forbes has published its list of ‘World Billionaires ranking for 2024’. The much touted is the list of 200...

Published 06 Apr, 2024 05:28am

Pakistan

UN expects Pakistan’s GDP growth to clock in at 2% in 2024, improve further in 2025

Pakistan’s real GDP growth rate is expected to clock in at 2% in 2024 and inch up marginally to 2.3% in 2025, a...

Updated 05 Apr, 2024 10:10pm

Business & Finance

Philippines lowers GDP growth target range for 2024

MANILA: The Philippines lowered its growth target range for 2024 to 6.0%-7.0% from 6.5%-7.5% previously, due to...

Published 04 Apr, 2024 09:47am

Pakistan

In absence of major, sustained reforms, Pakistan to continue facing liquidity issues: World Bank

Poverty reduction projected to stall in medium term due to weak growth, low real labour incomes, and persistently high inflation, says lender in 'Pakistan Development Update'

Updated 02 Apr, 2024 11:38pm

Opinion

Quarterly GDP: no light at the end of this tunnel

The latest GDP numbers are proving that the economy cannot be decoupled from politics. Ever since political impasse...

Published 01 Apr, 2024 05:34am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 13	278.73
USD PKR Interbank Buying / Jun 13	278.53
USD to Japanese Yen / Jun 13	157.03
USD to Swiss Franc / Jun 13	0.90
Pound Sterling to USD / Jun 13	1.28
Euro to USD / Jun 13	1.08

Stock	Volume
S&P 500 / Jun 13	5421.03
India Sensex / Jun 13	76818.22
Tokyo Nikkei / Jun 13	38793.17
Nasdaq / Jun 13	17608.44
Hang Seng / Jun 13	18017.22
FTSE 100 / Jun 13	8215.48
Dow Jones / Jun 13	38712.21
Germany DAX 30 / Jun 13	18630.86

Item	Value
Petrol/Litre / Jun 13	268.36
Crude Oil USD/Barrel / Jun 13	78.31
Karachi Cotton PKR/37.32 KG / Jun 13	19935
Gold 10 Grams PKR / Jun 13	206361
Gold Spot USD/Ounce / Jun 13	2311.94
Diesel/Litre / Jun 13	270.22

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 13 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 13 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 13 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 13 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 13 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 13 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 13 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 13 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 13 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 13 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 13 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 13 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 13 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 13 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 13 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 13 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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