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global economy

Pakistan and the global economy

The long-term effects of nearly two years of Covid-19 on the global economy have begun to unfold, biting ...

Published 23 Oct, 2021 04:01am

Business & Finance

US company results in industrial, materials sectors could shed light on inflation woes

NEW YORK: Corporate results in the industrial and materials sectors could offer a snapshot of how companies in a key...

Published 21 Oct, 2021 11:40am

IMF board meets for more talks on Georgieva's future

WASHINGTON: The International Monetary Fund's executive board will meet again on Sunday with Managing Director...

Updated 11 Oct, 2021 09:35am

World

Minimum tax rate of 15%: Milestone global corporate tax deal finally gets agreement

Out of the 140 countries involved, 136 supported the deal with developing countries Kenya, Nigeria, Pakistan and Sri Lanka abstaining for now

Updated 08 Oct, 2021 10:44pm

World

Evergrande's rising default risks shift focus to possible Beijing rescue

HONG KONG/NEW YORK: Persistent default fears eclipsed efforts by China Evergrande Group's chairman to lift ...

Published 22 Sep, 2021 03:48am

Markets

Most Gulf bourses decline as lower oil prices weigh

DUBAI: Dubai led declines among stock markets in the Gulf on Monday, as sentiment was weighed by a fall in global...

Published 21 Sep, 2021 04:10am

Markets

TSX falls for second day as 'growth scare' evolves

TORONTO: Canada's main stock index on Wednesday extended its pull back from a record high, with resource shares ...

Published 09 Sep, 2021 01:31am

Business & Finance

Asia’s factories hit by pandemic-related supply disruptions

TOKYO: Asia’s factory activity lost momentum in August as a resurgence in coronavirus cases disrupted supply ...

Published 02 Sep, 2021 04:21am

Slow Covid vaccination to cost global economy $2.3trn

PARIS: The slow rollout of coronavirus vaccines will cost the global economy $2.3 trillion in lost output, a report...

Published 26 Aug, 2021 04:48am

Business & Finance

Slow Covid vaccination to cost global economy $2.3 trillion: study

The Economist Intelligence Unit's study found that emerging and developing economies, whose vaccine rollouts are far behind those of wealthier countries

Published 25 Aug, 2021 09:44am

IMF's $650bn reserves distribution is 'shot in arm'

WASHINGTON: The IMF will distribute about $650 billion in new Special Drawing Rights to its members on Monday,...

Published 24 Aug, 2021 05:12am

World

IMF's $650bn reserves distribution is 'shot in arm' for global economy: Georgieva

"The allocation is a significant shot in the arm for the world and, if used wisely, a unique opportunity to combat this unprecedented crisis"

Published 23 Aug, 2021 06:31pm

Business & Finance

HSBC first-half profits more than double, resumes dividends

HONG KONG: HSBC on Monday said it would resume paying dividends to shareholders after first-half profits more than...

Published 03 Aug, 2021 04:35am

Opinion

The chips are down: why there's a semiconductor shortage

A shortage of semiconductors has sent shockwaves through the global economy, squeezing supplies of everything from...

Published 02 Aug, 2021 06:02am

Markets

BoE set to keep full-speed stimulus despite split over inflation risk

That would allow the BoE to crack on with the task of shrinking its massive balance sheet, possibly in mid-2022

Published 28 Jul, 2021 11:54am

World

IMF sees 6% world growth, warns developing nations falling behind

The recovery is not assured even in countries where Covid-19 infections are currently very low so long as the virus circulates elsewhere

Published 27 Jul, 2021 06:35pm

World

IMF raises Russia's 2021 economic growth forecast

The IMF sees the global economy expanding by 6.0% in 2021 and 4.9% in 2022, no change from its previous estimates.

Published 27 Jul, 2021 06:03pm

Editorials

Interest-free loans for 'poorest nations'

EDITORIAL: The decision of the International Monetary Fund (IMF) board to increase the volume of interest-free loans...

Updated 26 Jul, 2021 10:50am

Opinion

It is the rich countries, stupid!

The sword of Financial Action Task Force (FATF) is continuing to hang over the head of Pakistan, not because...

Published 07 Jul, 2021 04:28am

World

Fund nature protection now or face huge losses, says World Bank

Global annual spending to protect and restore nature on land needs to triple this decade to about $350 billion by 2030 and rise to $536 billion by 2050.
Sub-Saharan Africa and South Asia would face an annual GDP contraction of 9.7% and 6.5% respectively, it warned.

Published 01 Jul, 2021 07:25pm

Global economy recovering at uneven pace: IMF

LONDON: The global economy is recovering from the COVID-19 pandemic at an uneven pace due to unequal access to...

Published 01 Jul, 2021 04:09am

Markets

Japanese shares drop as cyclicals drag, virus worries increase

Nexon Co Ltd, up 4.28%, rose the most on the Nikkei, followed by NEC gaining 3.69% and Fujitsu up 1.15%

Published 29 Jun, 2021 11:10am

World economy back at pre-pandemic level: IHS Markit

PARIS: The global economy has surpassed its pre-pandemic peak, data survey firm IHS Markit said Monday, as the...

Published 22 Jun, 2021 04:46am

Opinion

Climate change: Central banks’ new inflation puzzle

For Bank of England’s chief Andrew Bailey, tackling climate change carries inflation risks if you do too little,...

Published 09 Jun, 2021 03:29am

Markets

Oil extends gains on OPEC+ discipline and demand hopes

Brent hit $71.99 on Thursday for highest since May 2019.
Slow inoculation and surging infections renew demand concerns.
Coming up: US non-farm payrolls, 1230 GMT.

Published 04 Jun, 2021 06:30pm

Markets

Oil builds on gains as recovery picks up but equities mixed

On Tuesday, OPEC+ agreed to continue lifting output in July, having started slowly doing so in early May.

Published 02 Jun, 2021 05:40pm

World

OECD raises growth forecasts on vaccine rollouts, US stimulus

Buoyed by a multi-trillion-dollar stimulus plan, the US economy was seen growing 6.9% this year, the OECD said, up from a previous forecast of 6.5%. It is expected to expand 3.6% in 2022, down from a 4.0% forecast in March.

Published 31 May, 2021 02:29pm

World

IMF says ending COVID-19 pandemic possible at cost of some $50bn

Highly unequal vaccination rates.
Rich countries would benefit from boosting donations.
Even with vaccinations, countries return to 'precarious normal'.

Published 21 May, 2021 09:08pm

Business & Finance

Deere raises forecast as profit more than doubles on equipment demand

The world's largest farm equipment manufacturer, however, expects supply-chain pressures to intensify in the remainder of the year.
The company said net income for 2021 would be between $5.3 billion and $5.7 billion, up from a previous forecast of $4.6 billion to $5.0 billion.

Published 21 May, 2021 05:23pm

World could have prevented catastrophe: pandemic panel

GENEVA: The catastrophic scale of the Covid-19 pandemic could have been prevented, an independent global panel...

Published 13 May, 2021 03:10am

Gainers
Losers
Leaders

Stock	Price
Merit Packaging (R) / Oct 28 Merit Packaging Limited (R)(MERITR2)	2.01 ▲ 1.00 (99.01%)
Buxly / Oct 28 Buxly Paints Limited(BUXL)	165.63 ▲ 11.56 (7.50%)
Dewan Farooque Motors / Oct 28 Dewan Farooque Motors Limited(DFML)	6.60 ▲ 0.24 (3.77%)
Pak. Int. Airlines (A) / Oct 28 Pakistan International Airlines Corporation Limited (A)(PIAA)	4.35 ▲ 0.14 (3.33%)
Fauji Cement / Oct 28 Fauji Cement Company Limited(FCCL)	18.43 ▲ 0.53 (2.96%)
Sakrand Sugar / Oct 28 Sakrand Sugar Mills Limited(SKRS)	9.73 ▲ 0.25 (2.64%)
Pioneer Cement / Oct 28 Pioneer Cement Limited(PIOC)	88.90 ▲ 2.06 (2.37%)
Dewan Cem. / Oct 28 Dewan Cement Limited(DCL)	8.39 ▲ 0.19 (2.32%)
Hi-Tech Lubricants / Oct 28 Hi-Tech Lubricants Limited(HTL)	54.26 ▲ 0.88 (1.65%)
Maple Leaf / Oct 28 Maple Leaf Cement Factory Limited(MLCF)	36.00 ▲ 0.56 (1.58%)

Stock	Price
Dolmen City REIT / Oct 28 Dolmen City REIT(DCR)	11.57 ▲ -0.33 (-2.77%)
Merit Packaging / Oct 28 Merit Packaging Limited(MERIT)	12.82 ▲ -0.17 (-1.31%)
IGI Holdings / Oct 28 IGI Holdings Limited(IGIHL)	165.51 ▲ -1.61 (-0.96%)
Engro Polymer (Pref) / Oct 28 Engro Polymer (Preference)(EPCLPS)	10.90 ▲ -0.10 (-0.91%)
Bal. Glass / Oct 28 Balochistan Glass Limited(BGL)	9.95 ▲ -0.05 (-0.50%)
Avanceon Ltd / Oct 28 Avanceon Limited(AVN)	111.99 ▲ -0.40 (-0.36%)
Int. Ind. / Oct 28 International Industries Limited(INIL)	176.00 ▲ -0.31 (-0.18%)
Oil & Gas Dev. / Oct 28 Oil & Gas Development Company Limited(OGDC)	84.01 ▲ -0.14 (-0.17%)
Hum Network / Oct 28 Hum Network Limited(HUMNL)	6.75 ▲ -0.01 (-0.15%)
Fauji Fert. / Oct 28 Fauji Fertilizer Company Limited(FFC)	102.01 ▲ -0.11 (-0.11%)

Stock	Volume
Merit Packaging (R) / Oct 28 Merit Packaging Limited (R)(MERITR2)	2,849,500 ▼ 0.00
Azgard Nine / Oct 28 Azgard Nine Limited(ANL)	30,500 ▼ 0.00
Dewan Farooque Motors / Oct 28 Dewan Farooque Motors Limited(DFML)	27,000 ▼ 0.00
Ghani Global Hold. / Oct 28 Ghani Global Holdings Limited(GGL)	19,000 ▼ 0.00
Maple Leaf / Oct 28 Maple Leaf Cement Factory Limited(MLCF)	16,700 ▼ 0.00
Pioneer Cement / Oct 28 Pioneer Cement Limited(PIOC)	15,500 ▼ 0.00
Hum Network / Oct 28 Hum Network Limited(HUMNL)	11,500 ▼ 0.00
Pakistan Refinery / Oct 28 Pakistan Refinery Limited(PRL)	10,000 ▼ 0.00
Ghani Global Glass / Oct 28 Ghani Global Glass Limited(GGGL)	8,500 ▼ 0.00
Fauji Fert. / Oct 28 Fauji Fertilizer Company Limited(FFC)	5,060 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 27	172.90
USD PKR Interbank Buying / Oct 27	172.78
USD to Japanese Yen / Oct 27	113.84
USD to Swiss Franc / Oct 27	0.92
Pound Sterling to USD / Oct 27	1.37
Euro to USD / Oct 27	1.16
UK LIBOR % / Oct 27	0.07

Stock	Volume
S&P 500 / Oct 27	4551.68
India Sensex / Oct 27	61350.26
Tokyo Nikkei / Oct 27	29098.24
Nasdaq / Oct 27	15235.84
Hang Seng / Oct 27	25628.74
FTSE 100 / Oct 27	7253.27
Dow Jones / Oct 27	35490.69
Germany DAX 30 / Oct 27	15705.81
France CAC40 / Oct 27	6753.52

Item	Value
Crude Oil / Oct 27	82.11
Karachi Cotton Assoc. / Oct 27	15480.00
Gold 10 Grams / Oct 27	100600.00
Gold Spot / Oct 27	1797.09
Cotton / Oct 27	110.52

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