Trends - gdp - Business Recorder

gdp

Issues multiply on stalled IMF bailout

The stand-off between the federal government and the Supreme Court of Pakistan is not going unnoticed in...

Published 25 Apr, 2023 06:25am

Opinion

Remittances: boon or bane for growth?–II

The Dutch Disease is characterized by a rapid increase in one sector at the cost of other sectors. Firstly, the...

Updated 20 Apr, 2023 07:03am

Opinion

Remittances: boon or bane for growth?–I

Pakistan is the sixth largest recipient of remittances in the world, with the State Bank of Pakistan declaring a...

Published 19 Apr, 2023 06:36am

Business & Finance

Experts stress need for increase in exports

KARACHI: Economic experts speaking at a webinar on ‘The State of Pakistan’s Economy - Moving Forward’ said ...

Published 19 Apr, 2023 06:36am

World Bank estimates fall in GDP per capita income to $1,399

Says poverty will inevitably increase with pressures from weak labour markets and high inflation

Updated 15 Apr, 2023 08:33pm

Opinion

Disastrous year under the PDM

Pakistan’s economy is under stress with low foreign reserves and high inflation. Activity has fallen with policy...

Updated 14 Apr, 2023 07:05am

Business & Finance

Ukraine’s gross domestic product fell 29.1% in 2022

KYIV: Ukraine’s gross domestic product (GDP) fell by 29.1% in 2022, the state statistics service said late on...

Published 13 Apr, 2023 09:59am

Fiscal Monitor: IMF projects fall in govt gross debt to 73.6pc of GDP

ISLAMABAD: The International Monetary Fund (IMF) has projected a decrease in the government gross debt for Pakistan,...

Updated 13 Apr, 2023 08:42am

Opinion

Future at stake: deindustrialization—I

Following the Information and Communications Technology (ICT) revolution of the 1990s, the international economy...

Updated 12 Apr, 2023 06:58am

Opinion

The GDP growth this year

The budgeted Gross Domestic Product (GDP) growth rate was an unrealistic 5 percent (10 June 2022), downgraded to 3...

Updated 10 Apr, 2023 01:14pm

Editorials

The dramatic slide of economy continues

EDITORIAL: The World Bank’s senior macroeconomist Derek Chen while briefing journalists suggested measures that...

Published 10 Apr, 2023 06:45am

Opinion

Infrastructure financing in Pakistan

Infrastructure development is critical for sustainable growth and development and enhanced productivity and...

Published 09 Apr, 2023 05:58am

Economic challenges exist but situation not as bleak as being portrayed: Bilal Azhar

ISLAMABAD: Coordinator to the Prime Minister on Economy and Energy Bilal Azhar Kayani on Saturday said the incumbent...

Updated 09 Apr, 2023 04:57pm

World

Food inflation to weigh on MENA growth this year: World Bank

DUBAI: Double-digit food price inflation will weigh on the Middle East and North Africa region this year, causing...

Published 07 Apr, 2023 06:06am

Editorials

Import curbs exacting terrible toll on businesses

EDITORIAL: The economic growth outlook is getting bleaker. Both the World Bank and the Asian Development Bank have...

Published 07 Apr, 2023 06:06am

Opinion

Politics over economy

“As I have been arguing for a long time now, there is a real need not simply for a political economy of wealth but...

Published 06 Apr, 2023 06:20am

Devolved ministries: Federal govt’s spending soars to 0.6pc of GDP

Increases from 0.4 percent of GDP in fiscal year 2009 to 0.6 percent of GDP in the fiscal year 2022

Updated 06 Apr, 2023 08:50am

0.4pc growth rate foreseen: World Bank warns of a ‘macro-economic crisis’

ISLAMABAD: The World Bank (WB) has warned that a macroeconomic crisis could materialize in Pakistan, given the...

Updated 05 Apr, 2023 08:49am

Business & Finance

Average inflation projected at 27.5pc: Growth likely to decelerate to 0.6pc: ADB

ISLAMABAD: Pakistan’s GDP growth is expected to decelerate significantly to 0.6 per cent in the fiscal year 2023...

Published 05 Apr, 2023 06:16am

Opinion

A slide without end: business groups must step in

All stakeholders agree that Pakistan is currently facing the greatest generational crisis in its history. What...

Published 03 Apr, 2023 06:36am

Business & Finance

Exchange rate, POL prices: Inflation may stay at elevated level: MoF

ISLAMABAD: Inflation is expected to stay at an elevated level due to exchange rate depreciation and recent upward...

Published 01 Apr, 2023 06:21am

Opinion

We don’t yet know what lies in store for us–I

The Muslims of the subcontinent of India got an independent state for themselves in 1947. Unfortunately, however, ...

Published 30 Mar, 2023 06:35am

Opinion

The economic malaise

Pakistan today faces the worst financial crisis in its 75-year history. This is attributable to both long-term ...

Updated 28 Mar, 2023 06:52am

Jul-Feb repatriation of profit, dividend plunge 80pc YoY: Import curbs hurt investors in equal measure

State Bank of Pakistan says foreign investors repatriated $225.1 million during July-Feb of FY23

Updated 28 Mar, 2023 08:53am

Opinion

Trying to look at Pakistan through Piketty’s prism–I

French economist Thomas Piketty’s erudite book Capital and Ideology published in 2019 is considered to be an...

Updated 22 Mar, 2023 06:47am

Editorials

‘Reimagining Pakistan’

EDITORIAL: Ideas about rescuing the economy, especially about ending its dependence on donor bailouts, come a dime a...

Published 20 Mar, 2023 06:12am

Business & Finance

ICCI calls for cut in interest rate

ISLAMABAD: Ahsan Zafar Bakhtawari, President Islamabad Chamber of Commerce & Industry (ICCI) saying that the 20...

Published 20 Mar, 2023 06:12am

Pakistan

Pakistan highly vulnerable to climate change: WB

KARACHI: Pakistan is highly vulnerable to climate change; in case resilience to the change is not ensured there will...

Published 14 Mar, 2023 03:18am

Business & Finance

Country can avoid IMF only through higher exports, tax collections: Miftah

KARACHI: Former Federal Finance Minister Miftah Ismail on Sunday said that in order to avoid International Monetary...

Updated 13 Mar, 2023 09:12am

Opinion

Economy: we need medication to correct account acidity

On February 19, 2023 there was an article on Bloomberg titled China’s Debt Noose Could Strangle Pakistan by Mihir...

Published 09 Mar, 2023 06:23am

Gainers
Losers
Leaders

Stock	Price
JS Bank Ltd / Jun 2 JS Bank Limited(JSBL)	4.39 ▲ 0.31 (7.60%)
Cres.Star Ins. / Jun 2 Crescent Star Insurance Limited(CSIL)	1.43 ▲ 0.10 (7.52%)
AL-Noor Sugar / Jun 2 Al-Noor Sugar Mills Limited(ALNRS)	48.99 ▲ 3.42 (7.50%)
Bestway Cement / Jun 2 Bestway Cement Limited(BWCL)	151.58 ▲ 10.58 (7.50%)
Gatron Ind. / Jun 2 Gatron (Industries) Limited(GATI)	470.69 ▲ 32.84 (7.50%)
Pak Synthetics / Jun 2 Pakistan Synthetics Limited(PSYL)	48.45 ▲ 3.38 (7.50%)
Pak Int.Bulk / Jun 2 Pakistan International Bulk Terminal(PIBTL)	4.16 ▲ 0.24 (6.12%)
Exide (PAK) / Jun 2 Exide Pakistan Limited(EXIDE)	256.15 ▲ 13.15 (5.41%)
Mod.Al-Mali / Jun 2 Modaraba Al-Mali(MODAM)	4.10 ▲ 0.19 (4.86%)
United BankXD / Jun 2 United Bank Limited(UBL)	119.86 ▲ 5.06 (4.41%)

Stock	Price
Khyber Textile / Jun 2 Khyber Textile Mills Limited(KHYT)	582.75 ▼ -47.25 (-7.50%)
Pervez Ahmed Co / Jun 2 Pervez Ahmed Consultancy Services Ltd.(PASL)	0.61 ▼ -0.04 (-6.15%)
AKD Securities / Jun 2 AKD Securities Limited(AKDSL)	20.51 ▼ -1.16 (-5.35%)
Tri-Star Power / Jun 2 Tri-Star Power Limited(TSPL)	10.55 ▼ -0.52 (-4.70%)
Sitara Peroxide / Jun 2 Sitara Peroxide Limited(SPL)	11.23 ▼ -0.46 (-3.93%)
Dewan Farooque Sp. / Jun 2 Dewan Farooque Spinning Mills Limited(DFSM)	2.50 ▼ -0.10 (-3.85%)
Jubile Life InsXD / Jun 2 Jubilee Life Insurance Company Limited(JLICL)	107.10 ▼ -3.89 (-3.50%)
Kohinoor Ind. / Jun 2 Kohinoor Industries Limited(KOIL)	7.25 ▼ -0.25 (-3.33%)
Reliance Ins. / Jun 2 Reliance Insurance Company Limited(RICL)	7.75 ▼ -0.25 (-3.12%)
Dandot Cement / Jun 2 Dandot Cement Company Limited(DNCC)	9.20 ▼ -0.29 (-3.06%)

Stock	Volume
Globe Residency / Jun 2 Globe Residency REIT(GRR)	10,809,000 ▲ 0.33
WorldCall Telecom / Jun 2 Worldcall Telecom Limited(WTL)	9,751,847 ▲ 0.00
Pak Int.Bulk / Jun 2 Pakistan International Bulk Terminal(PIBTL)	5,430,000 ▲ 0.24
Cnergyico PK / Jun 2 Cnergyico PK Limited(CNERGY)	5,281,287 ▼ -0.01
Gul Ahmed / Jun 2 Gul Ahmed Textile Mills Limited(GATM)	4,817,327 ▲ 0.81
Pak Refinery / Jun 2 Pakistan Refinery Limited(PRL)	4,031,577 ▼ -0.09
Pak Elektron / Jun 2 Pak Elektron Limited(PAEL)	3,976,718 ▼ -0.01
Maple Leaf Cement / Jun 2 Maple Leaf Cement Factory Limited(MLCF)	3,969,700 ▲ 0.19
Nishat Power / Jun 2 Nishat Power Limited(NPL)	3,668,458 ▲ 0.17
Agritech Limited / Jun 2 Agritech Limited(AGL)	3,412,000 ▲ 0.04

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 2	285.40
USD PKR Interbank Buying / Jun 2	285.20
USD to Japanese Yen / Jun 2	138.86
USD to Swiss Franc / Jun 2	0.90
Pound Sterling to USD / Jun 2	1.25
Euro to USD / Jun 2	1.08
UK LIBOR % / Jun 1	5.06

Stock	Volume
S&P 500 / Jun 1	4221.02
Nasdaq / Jun 1	13100.98
FTSE 100 / Jun 1	7490.27
Dow Jones / Jun 1	33061.57
Germany DAX 30 / Jun 1	15853.66
France CAC40 / Jun 1	7137.43
India Sensex / Jun 2	62684.71
Tokyo Nikkei / Jun 2	31478.64
Hang Seng / Jun 2	18883.22

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 1	20235
Gold 10 Grams PKR / Jun 1	196331
Crude Oil USD/Barrel / Jun 2	70.50
Gold Spot USD/Ounce / Jun 2	1980.59
Cotton US¢/pound / Jun 2	81.60

gdp

Most Popular Articles