Trends - gdp - Business Recorder

gdp

Performance in SDG sectors: Pakistan lags behind its emerging market peers: IMF

ISLAMABAD: Pakistan’s performance in critical Sustainable Development Goals (SDGs) sectors including education,...

Published 30 Apr, 2021 05:06am

Opinion

EAC: Some suggestions

The government has formed a high-level council – Economic Advisory Council (EAC) – to formulate long-, medium-...

Published 29 Apr, 2021 03:52am

Fiscal balances worsened across MENAP: IMF

ISLAMABAD: Across the Middle East, North Africa, Afghanistan, and Pakistan (MENAP), countries responded to the...

Updated 29 Apr, 2021 10:09am

Pakistan

Fiscal deficit contained at 3.5 percent in 8 months

The total expenditures grew by 1.3 percent to Rs.4132 billion during July-February, FY2021 as compared to Rs.4079 billion last year.

Updated 28 Apr, 2021 07:18pm

Jul-Feb period: Fiscal deficit stands at 3.5pc: MoF

ISLAMABAD: The Finance Ministry Tuesday said that despite higher mark-up payments and Covid-related expenditures, ...

Updated 28 Apr, 2021 09:29am

World military spending grows despite pandemic

STOCKHOLM: Military expenditure worldwide rose to nearly $2 trillion in 2020, defying the economic impact of the...

Published 27 Apr, 2021 03:02am

Editorials

The need to promote tourism

EDITORIAL: The ruling Pakistan Tehreek-e-Insaf (PTI) has been talking about promoting tourism to bolster the...

Published 25 Apr, 2021 03:13am

Opinion

The global economic response to climate change: what’s the plan?

World leaders participating in the virtual Earth Day summit are unanimous: fighting climate change will be good for...

Published 24 Apr, 2021 03:21am

March CA posts $47m deficit YoY

KARACHI: The country’s current account posted a $47 million deficit in March 2021 compared to $50 million surplus...

Published 24 Apr, 2021 03:21am

Business & Finance

Pandemic pushes UK annual borrowing to £303.1bn

LONDON: Emergency pandemic support measures sent UK annual borrowing rocketing to the highest level since World War...

Published 24 Apr, 2021 03:21am

World

The global economic response to climate change: what's the plan?

Here is a rundown of the latest in the global effort to fight climate change:

Published 23 Apr, 2021 11:04am

Business & Finance

Russian economy ministry lowers 2021 GDP growth forecast to 2.9%

The ministry has also reduced its forecast for 2022 to 3.2% from 3.4%, the source said.

Published 22 Apr, 2021 01:20pm

Opinion

Budgetary framework in IMF programme

The IMF Programme which remained suspended for almost one year has become operational once again. Effectively the...

Published 20 Apr, 2021 04:00am

Opinion

Whither the economy?

The cabinet approved the medium-term strategy paper this Tuesday past and projected a Gross Domestic Product (GDP)...

Published 19 Apr, 2021 03:22am

Tarin given finance portfolio in economic team shake-up

• Hammad Azhar, Omar Ayub and Khusro Bakhtiar made Minister of Energy, Minister of Economic Affairs Division,...

Published 17 Apr, 2021 03:28am

Business & Finance

China’s GDP jumps record 18.3pc but post-Covid recovery seen losing steam

BEIJING: China’s economic recovery quickened sharply in the first quarter to record growth of 18.3% from last...

Published 17 Apr, 2021 03:28am

Pakistan

Govt urged to cut size of undocumented economy

KARACHI: Chairman of National Business Group and President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian...

Updated 16 Apr, 2021 09:57am

Editorials

Medium-term budget strategy

EDITORIAL: The cabinet approved the medium-term budget strategy paper which projected a growth rate of 4.2 percent...

Published 16 Apr, 2021 03:40am

World

Europe needs more aid to counter continued Covid risks: IMF

WASHINGTON: Europe faces more risks to its economic recovery due to Covid-19 variants and delays in vaccination...

Updated 15 Apr, 2021 10:09am

Vested interests enjoyed Rs2.66trn benefits: UNDP

ISLAMABAD: The total benefits and privileges enjoyed by different vested interests in Pakistan amounted to Rs2.66...

Published 15 Apr, 2021 03:22am

Business & Finance

China sees record 18.7pc growth in Q1: AFP survey

BEIJING: China’s economy grew at a record pace during the first quarter as it rebounded from a historic ...

Updated 15 Apr, 2021 10:07am

Markets

Singapore dollar gains slightly after central bank stands pat, GDP surprise

All 15 economists polled by Reuters had forecast the MAS would keep its policy unchanged.

Published 14 Apr, 2021 11:40am

Business & Finance

Pakistan’s powerful groups enjoy economic privileges of over $17bn: UNDP Report

The report highlights that the poorest and richest Pakistanis live in completely different countries, with literacy levels, health outcomes, and living standards that are poles apart.
Pakistan’s tax system does not contribute significantly to reducing inequality in the country due to low share of direct taxation, which is under 20 percent.

Updated 14 Apr, 2021 11:56am

Opinion

Actions should suit resources

We are back into the IMF’s 3-year $6 billion Extended Fund Facility (EFF) arrangement having received a $500...

Published 14 Apr, 2021 03:21am

Markets

Financials drag major Gulf markets lower

DUBAI: Major stock markets in the Gulf ended lower on Tuesday, as financial shares dropped after the International...

Published 14 Apr, 2021 03:21am

Business & Finance

Fitch raises outlook for Australia's 'Big Four' banks as economy rebounds

However, the ratings agency warned that risks to the forecast would remain until the vaccination programme is completed.

Published 12 Apr, 2021 02:21pm

Economy to experience sluggish recovery: IMF

ISLAMABAD: Pakistan’s economy, which was relatively resilient in 2020, are forecast to experience a sluggish...

Updated 12 Apr, 2021 09:14am

World

Italy's Covid slump to end in late 2022: business lobby

"The economy should fill the hole created by the pandemic in 2020 at the end of 2022," Confindustria said in an economic forecast report.

Published 10 Apr, 2021 04:56pm

Economic growth: Pakistan may need to dampen hopes: IMF

ISLAMABAD: Pakistan may have to temper economic growth expectations following a third wave of COVID-19 infections, ...

Updated 09 Apr, 2021 09:17am

IMF estimates financing needs at $23.643bn

ISLAMABAD: The International Monetary Fund (IMF) has urged all key bilateral creditors to maintain their exposure to...

Updated 09 Apr, 2021 09:25am

Gainers
Losers
Leaders

Stock	Price
HBL Invest Fund / Jun 6 HBL Investment Fund(HIFA)	1.60 ▲ 0.20 (14.29%)
Reliance Ins. / Jun 6 Reliance Insurance Company Limited(RICL)	8.27 ▲ 1.00 (13.76%)
Pak Gulf Leasing / Jun 6 Pak-Gulf Leasing Company Limited(PGLC)	7.39 ▲ 0.89 (13.69%)
HBL Growth Fund / Jun 6 HBL Growth Fund(HGFA)	4.15 ▲ 0.40 (10.67%)
Bilal Fibres / Jun 6 Bilal Fibres Limited(BILF)	2.44 ▲ 0.20 (8.93%)
Ist.Capital Sec / Jun 6 First Capital Securities Corporation(FCSC)	1 ▲ 0.08 (8.70%)
Dandot Cement / Jun 6 Dandot Cement Company Limited(DNCC)	9.39 ▲ 0.75 (8.68%)
P.I.A.C.(A) / Jun 6 Pakistan International Airlines Corp(PIAA)	3.73 ▲ 0.27 (7.80%)
Ahmad Hassan / Jun 6 Ahmad Hassan Textile Mills Limited(AHTM)	51.60 ▲ 3.60 (7.50%)
Ghani Value Glas / Jun 6 Ghani Value Glass Limited(GVGL)	65.39 ▲ 4.56 (7.50%)

Stock	Price
Sec. Inv. Bank / Jun 6 Security Investment Bank Limited(SIBL)	3.05 ▼ -0.94 (-23.56%)
Tri-Star Mutual / Jun 6 Tri-Star Mutual Fund Limited(TSMF)	3 ▼ -0.60 (-16.67%)
SME Leasing Ltd / Jun 6 SME Leasing Limited(SLL)	1.73 ▼ -0.26 (-13.07%)
Bank of Khyber / Jun 6 The Bank of Khyber(BOK)	11.75 ▼ -1.00 (-7.84%)
Ellcot Spinning / Jun 6 Ellcot Spinning Mills Limited(ELSM)	105.43 ▼ -8.55 (-7.50%)
Crescent Cotton / Jun 6 Crescent Cotton Mills Limited(CCM)	32.38 ▼ -2.62 (-7.49%)
Reliance Weaving / Jun 6 Reliance Weaving Mills Limited(REWM)	84.18 ▼ -6.82 (-7.49%)
Ashfaq Textile / Jun 6 Ashfaq Textile Mills Limited(ASHT)	7.06 ▼ -0.55 (-7.23%)
Pakistan Cables / Jun 6 Pakistan Cables Limited(PCAL)	92.82 ▼ -7.12 (-7.12%)
Gillette Pak / Jun 6 Gillette Pakistan Limited(GLPL)	110 ▼ -7.90 (-6.70%)

Stock	Volume
WorldCall Telecom / Jun 6 Worldcall Telecom Limited(WTL)	24,434,530 ▲ 0.00
Pak Refinery / Jun 6 Pakistan Refinery Limited(PRL)	20,516,561 ▲ 0.81
Cnergyico PK / Jun 6 Cnergyico PK Limited(CNERGY)	15,490,079 ▲ 0.16
Pak Petroleum / Jun 6 Pakistan Petroleum Limited(PPL)	10,780,480 ▼ -0.50
Pak Elektron / Jun 6 Pak Elektron Limited(PAEL)	9,829,910 ▲ 0.43
Sui North Gas / Jun 6 Sui Northern Gas Pipelines Limited(SNGP)	9,750,118 ▼ -0.70
Oil & Gas Dev. / Jun 6 Oil & Gas Development Company Limited(OGDC)	8,971,203 ▼ -0.25
Mod. Al-Mali (R) / Jun 6 Modaraba Al-Mali R(MODAMR1)	7,359,500 ▲ 0.00
Maple Leaf Cement / Jun 6 Maple Leaf Cement Factory Limited(MLCF)	7,232,895 ▲ 0.01
P.S.O. / Jun 6 Pakistan State Oil Company Limited(PSO)	6,844,695 ▲ 5.72

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 6	286.57
USD PKR Interbank Buying / Jun 6	286.37
USD to Japanese Yen / Jun 6	139.49
USD to Swiss Franc / Jun 6	0.90
Pound Sterling to USD / Jun 6	1.24
Euro to USD / Jun 6	1.07
UK LIBOR % / Jun 5	5.07

Stock	Volume
S&P 500 / Jun 5	4273.79
Nasdaq / Jun 5	13229.43
Dow Jones / Jun 5	33562.86
India Sensex / Jun 6	62638.57
Tokyo Nikkei / Jun 6	32470.90
Hang Seng / Jun 6	19189.58
FTSE 100 / Jun 6	7591.19
Germany DAX 30 / Jun 6	15958.06
France CAC40 / Jun 6	7199.34

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 5	20235
Gold 10 Grams PKR / Jun 5	197531
Crude Oil USD/Barrel / Jun 6	71.71
Gold Spot USD/Ounce / Jun 6	1958.23
Cotton US¢/pound / Jun 6	81.97

gdp

Most Popular Articles