Trends - global economy - Business Recorder

global economy

Lasting relief only possible with economic, agri reforms: PBIF chief

KARACHI: Chairman of National Business Group Pakistan and President Pakistan Businessmen and Intellectuals Forum...

Published 30 Mar, 2023 06:35am

Business & Finance

World Bank warns of ‘lost decade’ of growth on China-led slowdown

WASHINGTON: An anticipated economic slow-down in China is likely to drag global growth down to its lowest level this...

Published 28 Mar, 2023 06:21am

Business & Finance

OECD hikes growth outlook

PARIS: The global economic outlook has improved from a few months ago as the inflation shock eases but rising...

Published 18 Mar, 2023 06:14am

Pakistan

UCP holds conference on climate change

LAHORE: A two-day international conference on climate change challenges and responses started at University of...

Published 16 Mar, 2023 06:01am

Opinion

Has US shot the dollar in the foot?

Who could’ve known that one of the unintended consequences of the Ukraine war would be the first signs of a shift...

Published 09 Mar, 2023 06:23am

Opinion

Energy security of Pakistan

It is said, “Never waste a good crisis” … and Hilary Clinton added, “Don’t waste it when it can have a very positive...

Published 09 Mar, 2023 06:23am

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

Opinion

Monetary-fiscal history of Latin America: lessons for Pakistan

Pakistan today suffers from significant macroeconomic instability, high inflation, a currency crisis and a risk of a...

Published 06 Mar, 2023 06:43am

Poor nations’ leaders unleash anger, despair

Make pointed calls for developed powers to come good with billions of dollars of promised aid to help them escape poverty and battle climate change

Updated 06 Mar, 2023 08:41am

No G20 joint statement after China objections on Ukraine war

BENGALURU: G20 finance ministers failed Saturday to agree to a joint statement on the global economy at talks in...

Updated 26 Feb, 2023 09:57am

World

Global trade ‘resilient’ during Ukraine war: WTO

GENEVA: Russia’s war in Ukraine did not dent global trade in 2022 as badly as feared, the World Trade Organization...

Published 24 Feb, 2023 07:29am

Opinion

Markets bracing for ‘no landing’ world economy scenario curb risk appetite

Markets, bracing for a “no landing” scenario where global economic growth is resilient and inflation stays ...

Updated 23 Feb, 2023 06:21am

Business & Finance

Global debt sees first annual drop since 2015: IIF

LONDON: The post-pandemic rebound in world growth and inflation last year meant the amount of debt sloshing around...

Published 23 Feb, 2023 05:52am

IMF chief says markets have good reasons to be more upbeat on economy

DUBAI: The head of the International Monetary Fund (IMF) said on Monday that financial markets have good reason to...

Updated 14 Feb, 2023 09:03am

Business & Finance

Central banks should stick to ‘higher for longer’ interest rate approach: IMF

Global central banks need to make clear to financial markets the probable need for interest rates to remain higher...

Published 02 Feb, 2023 08:32pm

World

Saudi Arabia sees borrowing around 45bn riyals in 2023

DUBAI: Saudi Arabia, the world’s top oil exporter, expects its financing needs to be around 45 billion riyals ($12...

Published 25 Jan, 2023 07:14pm

Business & Finance

OPEC+ panel unlikely to tweak oil policy

LONDON: An OPEC+ panel is likely to endorse the producer group’s current oil output policy when it meets next ...

Published 25 Jan, 2023 06:25am

Markets

Yellen says Russian oil price cap could save African countries $6bn annually

DAKAR: Russia’s war against Ukraine is hitting Africans particularly hard by exacerbating food insecurity and...

Published 23 Jan, 2023 08:13am

Business & Finance

Most CEOs gloomy on growth in more than a decade: PwC survey

DAVOS: Confidence among companies in their growth prospects has dropped the most since the 2007-08 global financial...

Published 23 Jan, 2023 05:57am

Business & Finance

Western climate subsidies risk hitting emerging markets: IMF

DAVOS, (Switzerland): The head of the IMF warned Friday that Western subsidies to combat climate change and ...

Published 21 Jan, 2023 06:46am

Opinion

Debt, inequality and austerity

‘In most western countries, inequality is rising, and social mobility has stalled. Our citizens are losing...

Published 20 Jan, 2023 06:44am

Food inflation highest in South Asia after Sri Lanka: World Bank

ISLAMABAD: The consumer price inflation for food items in Pakistan was 35.5 per cent in December on year-on-year...

Updated 19 Jan, 2023 08:41am

Opinion

Economic slowdown will force workers into worse jobs: UN

A global economic slowdown will force more workers into accepting lower quality, poorly paid jobs in 2023, while...

Published 17 Jan, 2023 06:02am

Editorials

Know thy economy

EDITORIAL: The government of Pakistan’s comparative data revealed under the title “Know Your Economy” in the...

Published 16 Jan, 2023 06:38am

Markets

Oil gains 2pc on optimism over global economy

NEW YORK: Oil prices rose 2 percent to a one-week high on Wednesday as hopes for an improved global economic outlook...

Published 12 Jan, 2023 06:59am

World food prices hit record high in 2022

Food prices surged after Russia’s invasion of Ukraine in February last year on fears of disruptions to Black Sea trade

Updated 07 Jan, 2023 08:55am

Business & Finance

Oil prices fall nearly 5pc on worry over global economy

NEW YORK: Oil fell nearly 5 percent on Wednesday after slumping in the previous session, weighed down by demand...

Published 05 Jan, 2023 05:58am

Markets

Oil prices fall further as concerns grow over global economy

LONDON: Oil fell sharply on Wednesday after slumping in the previous session, weighed down by demand concerns...

Updated 04 Jan, 2023 08:26pm

World Bank seeks more funds

WASHINGTON: The World Bank is seeking to vastly expand its lending capacity to address climate change and other...

Updated 04 Jan, 2023 09:44am

Opinion

Outlook 2023

After a very disappointing and disorderly year end, the global market is probably heading for another difficult...

Published 03 Jan, 2023 03:25am

Gainers
Losers
Leaders

Stock	Price
Chakwal Spinning / Mar 30 Chakwal Spinning Mills Limited(CWSM)	1.36 ▲ 0.20 (17.24%)
First IBL Mod. / Mar 30 First IBL Modaraba(FIBLM)	5.90 ▲ 0.60 (11.32%)
First Pak Mod. / Mar 30 First Pak Modaraba(PAKMI)	1.34 ▲ 0.13 (10.74%)
Dewan Sugar / Mar 30 Dewan Sugar Mills Limited(DWSM)	2.57 ▲ 0.23 (9.83%)
Unicap Modaraba / Mar 30 Unicap Modaraba(UCAPM)	1.77 ▲ 0.15 (9.26%)
Premier Insurance / Mar 30 Premier Insurance Limited(PINL)	7.50 ▲ 0.63 (9.17%)
B.R.R.Guardian / Mar 30 B.R.R. Guardian Modaraba(BRR)	12.04 ▲ 0.99 (8.96%)
Ismail Ind. / Mar 30 Ismail Industries Limited(ISIL)	518.26 ▲ 36.15 (7.50%)
Khyber Tex. / Mar 30 Khyber Textile Mills Limited(KHYT)	397.42 ▲ 27.72 (7.50%)
Suraj Cotton / Mar 30 Suraj Cotton Mills Limited(SURC)	102.53 ▲ 7.15 (7.50%)

Stock	Price
First Prudential Mod. / Mar 30 First Prudential Modaraba(PMI)	1.40 ▼ -0.24 (-14.63%)
Trust Mod. / Mar 30 Trust Modaraba(TRSM)	1.30 ▼ -0.20 (-13.33%)
Sapphire Fibres / Mar 30 Sapphire Fibres Limited(SFL)	1018 ▼ -82.00 (-7.45%)
Sardar Chemical / Mar 30 Sardar Chemical Industries Limited(SARC)	32 ▼ -2.55 (-7.38%)
Gadoon Textile / Mar 30 Gadoon Textile Mills Limited(GADT)	192.50 ▼ -15.30 (-7.36%)
Philip Morris Pak. / Mar 30 Philip Morris (Pakistan) Limited(PMPK)	461 ▼ -36.43 (-7.32%)
Pakistan Services / Mar 30 Pakistan Services Limited(PSEL)	876 ▼ -69.10 (-7.31%)
Shield Corp. / Mar 30 Shield Corporation Limited(SCL)	282 ▼ -22.00 (-7.24%)
Bal. Wheel / Mar 30 Baluchistan Wheels Limited(BWHL)	68.42 ▼ -5.18 (-7.04%)
JDW Sugar / Mar 30 JDW Sugar Mills Limited(JDWS)	356 ▼ -26.79 (-7.00%)

Stock	Volume
Telecard Limited / Mar 30 Telecard Limited(TELE)	12,447,500 ▼ -0.21
WorldCall Telecom / Mar 30 Worldcall Telecom Limited(WTL)	9,398,662 ▲ 0.01
Pakistan Alumin / Mar 30 Pakistan Aluminium Beverage Cans Limited(PABC)	7,638,000 ▲ 0.23
Pak Elektron / Mar 30 Pak Elektron Limited(PAEL)	6,136,500 ▼ -0.05
Pak Int.Bulk / Mar 30 Pakistan International Bulk Terminal(PIBTL)	6,018,500 ▲ 0.08
Engro Corp / Mar 30 Engro Corporation Limited(ENGRO)	5,429,492 ▼ -0.02
Nishat Mills Ltd / Mar 30 Nishat Mills Limited(NML)	4,517,879 ▲ 0.46
Shifa Int.Hosp / Mar 30 Shifa International Hospitals Limited(SHFA)	4,299,000 ▼ -1.99
Agha Steel Ind. / Mar 30 Agha Steel Ind.Ltd(AGHA)	3,645,000 ▲ 0.36
K-Electric Ltd. / Mar 30 K-Electric Limited(KEL)	3,416,092 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 30	285.65
USD PKR Interbank Buying / Mar 30	283.65
USD to Japanese Yen / Mar 30	132.47
USD to Swiss Franc / Mar 30	0.92
Pound Sterling to USD / Mar 30	1.23
Euro to USD / Mar 30	1.08
UK LIBOR % / Mar 29	4.81

Stock	Volume
S&P 500 / Mar 29	4027.81
India Sensex / Mar 29	57960.09
Nasdaq / Mar 29	11926.24
Dow Jones / Mar 29	32717.60
Tokyo Nikkei / Mar 30	27782.93
Hang Seng / Mar 30	20309.13
FTSE 100 / Mar 30	7578.80
Germany DAX 30 / Mar 30	15430.39
France CAC40 / Mar 30	7235.99

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 29	18935
Gold 10 Grams PKR / Mar 29	176268
Crude Oil USD/Barrel / Mar 30	72.81
Gold Spot USD/Ounce / Mar 30	1963.79
Cotton US¢/pound / Mar 30	82.34

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