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global growth

OECD raises global growth forecast but recovery ‘fragile’

PARIS: The OECD raised its global economic growth forecast on Friday as inflation eases and China emerges from Covid...

Published 17 Mar, 2023 06:55pm

World

World Bank cuts 2023 global growth to 1.7% in ‘sharp, long-lasting slowdown’

This is among the weakest rates seen in nearly three decades, overshadowed only by the pandemic-induced recession of 2020 and global financial crisis in 2009

Updated 10 Jan, 2023 08:35pm

World

Recession, rate hikes seen jamming brakes on global 2023 earnings growth

NEW YORK/LONDON: Corporate earnings growth is expected to slow in the year ahead in many countries as higher...

Published 20 Dec, 2022 08:57pm

World

IMF chief sees higher chance of global growth below 2% in 2023

NEW YORK: International Monetary Fund Managing Director Kristalina Georgieva said on Thursday the chance of global...

Updated 01 Dec, 2022 09:06pm

Inflation rate at 19.9pc: IMF projects 3.5pc growth for 2023

Current account balance is projected at negative 2.5 per cent for 2023 compared to negative 4.6per cent for 2022

Updated 12 Oct, 2022 09:40am

Business & Finance

JPMorgan CEO Dimon warns of recession in 6 to 9 months

JPMorgan Chase & Co Chief Executive Jamie Dimon said on Monday the United States and the global economy could ...

Updated 10 Oct, 2022 10:43pm

World

World Bank's Malpass, IMF's Georgieva see rising risks of global recession

WASHINGTON: World Bank President David Malpass and International Monetary Fund Managing Director Kristalina ...

Updated 10 Oct, 2022 09:09pm

World

World facing '5th wave' of debt crisis: World Bank chief

WASHINGTON: The world is facing a "fifth wave of debt crisis," World Bank President David Malpass warned Friday,...

Updated 07 Oct, 2022 09:24pm

World

IMF's Georgieva sees 'darkening' outlook for global economy, rising recession risks

WASHINGTON: The International Monetary Fund (IMF) will next week downgrade its forecast for 2.9% global growth in...

Updated 07 Oct, 2022 01:25am

Markets

Global growth worries keep FTSE 100 lower for third day

UK’s blue-chip stock index slipped on Wednesday after a slew of global data highlighted growing risks of a...

Published 24 Aug, 2022 01:28pm

World

Ukraine war pulls rug out from under world economy rebound

PARIS: This year was supposed to confirm the world economy’s comeback from the Covid pandemic crisis. Instead, the...

Published 22 Aug, 2022 09:37am

Markets

Japanese shares jump most in nearly two weeks on positive earnings

SINGAPORE: Japanese shares notched their best day in about two weeks on Monday, helped by some positive earnings,...

Published 02 Aug, 2022 05:36am

Business & Finance

Australia, NZ dollars lose momentum

SYDNEY: The Australian and New Zealand dollars lost some steam on Thursday, as a recent bounce ran into new worries...

Published 22 Jul, 2022 06:07am

World

UAE economy grew 8.2% in Q1, central bank estimates

DUBAI: The United Arab Emirates' economy grew by an estimated 8.2% in the first quarter, buoyed by higher oil...

Published 20 Jul, 2022 04:24pm

Business & Finance

Dollar boosted by safety bid on rising recession fears

NEW YORK: Pessimism about the outlook for the global economy boosted demand for the safe haven US dollar on Friday...

Published 02 Jul, 2022 04:10am

World

World faces unprecedented global hunger crisis, UN chief says

UNITED NATIONS: There is a “real risk” of multiple famines this year, UN chief Antonio Guterres said on Friday and...

Published 24 Jun, 2022 06:07pm

Business & Finance

Citigroup sees chances of global recession nearing 50%

Citigroup is forecasting a near 50% probability of a global recession, as central banks rush to raise interest rates...

Updated 23 Jun, 2022 04:10pm

Markets

Euro, sterling knocked by global growth worries

LONDON: The euro and sterling fell on Wednesday as concerns resurfaced that interest rate hikes from major central...

Published 22 Jun, 2022 05:05pm

World

IMF likely to cut global growth estimate as conditions deteriorate: official

WASHINGTON: The IMF expects to once again cut its forecast for world growth this year amid a continued deterioration...

Updated 09 Jun, 2022 08:46pm

World

World Bank slashes 2022 global growth forecast to 2.9%

World economy is expected to experience its sharpest deceleration following an initial recovery from global recession in more than 80 years

Updated 07 Jun, 2022 10:24pm

2022: IMF projects rise in Pakistan's inflation, slowdown in GDP growth

ISLAMABAD: The International Monetary Fund (IMF) has projected Pakistan’s GDP growth rate at four percent for 2022...

Updated 20 Apr, 2022 12:27pm

World

World Bank says war to cut global growth, boosts financing target

WASHINGTON: The World Bank is reducing its global growth forecast for 2022 by nearly a full percentage point, to ...

Published 18 Apr, 2022 07:35pm

IMF slashes global growth outlook

WASHINGTON: The International Monetary Fund lowered its economic forecasts for the United States, China and the...

Updated 26 Jan, 2022 09:22am

World

IMF cuts growth forecasts for US, China and the world as Omicron spreads

WASHINGTON: The International Monetary Fund lowered its economic forecasts for the United States, China and the...

Published 25 Jan, 2022 07:19pm

World

Global growth could slow sharply due to Omicron: World Bank

WASHINGTON: Global growth will "decelerate markedly" this year, but the Omicron variant of Covid-19 that is ...

Published 11 Jan, 2022 08:16pm

Business & Finance

Australia, NZ dollars recover

SYDNEY: The currencies of Australia and New Zealand recovered some ground against the greenback on Monday after last...

Published 07 Dec, 2021 06:29am

World

IMF chief warns Omicron could slow global growth

WASHINGTON: The new Omicron variant of Covid-19 could slow the global economic recovery, just as the Delta strain...

Published 05 Dec, 2021 04:26am

Business & Finance

Australia, NZ dollars weighed down by disappointing Chinese data

SYDNEY: The Australian and New Zealand dollars struggled on Wednesday after key Chinese data for August ...

Published 16 Sep, 2021 04:02am

Markets

US yields flat to modestly lower ahead of Fed meeting, Treasury supply

Earlier in the session, US yields dropped following steep losses in Chinese stocks on worries over tighter regulations in the world's second largest economy.

Updated 26 Jul, 2021 08:40pm

World

Pimco sees global growth moderating in 2022

BOSTON: Global growth will moderate next year but remain at a strong pace, bond manager Pimco said on Wednesday,...

Published 15 Jul, 2021 04:03am

Gainers
Losers
Leaders

Stock	Price
Trust Mod. / Mar 22 Trust Modaraba(TRSM)	1.55 ▲ 0.33 (27.05%)
Pak Gulf Leasing / Mar 22 Pak-Gulf Leasing Company Limited(PGLC)	6.20 ▲ 0.55 (9.73%)
Premier Insurance / Mar 22 Premier Insurance Limited(PINL)	6.80 ▲ 0.55 (8.80%)
Hala Enterprise / Mar 22 Hala Enterprises Limited(HAEL)	6.90 ▲ 0.53 (8.32%)
Bal. Wheel / Mar 22 Baluchistan Wheels Limited(BWHL)	61.38 ▲ 4.28 (7.50%)
Khyber Tex. / Mar 22 Khyber Textile Mills Limited(KHYT)	276.84 ▲ 19.31 (7.50%)
Pak Tobacco / Mar 22 Pakistan Tobacco Company Limited(PAKT)	717.60 ▲ 50.05 (7.50%)
Shield Corp. / Mar 22 Shield Corporation Limited(SCL)	227.90 ▲ 15.90 (7.50%)
Sapphire Fibres / Mar 22 Sapphire Fibres Limited(SFL)	954.79 ▲ 66.61 (7.50%)
Towellers Ltd. / Mar 22 Towellers Limited(TOWL)	219.35 ▲ 15.30 (7.50%)

Stock	Price
Jubilee Spinning / Mar 22 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	2.92 ▼ -0.49 (-14.37%)
Saritow Spinning / Mar 22 Saritow Spinning Mills Limited(SSML)	4.18 ▼ -0.39 (-8.53%)
First Pak Mod. / Mar 22 First Pak Modaraba(PAKMI)	1.40 ▼ -0.12 (-7.89%)
Samba Bank / Mar 22 Samba Bank Limited(SBL)	7 ▼ -0.60 (-7.89%)
Dawood Equities / Mar 22 Dawood Equities Limited(DEL)	3.81 ▼ -0.32 (-7.75%)
Engro Poly(Pref / Mar 22 Engro Poly(Pref)(EPCLPS)	11.98 ▼ -1.00 (-7.70%)
Siddiqsons Tin / Mar 22 Siddiqsons Tin Plate Limited(STPL)	6.30 ▼ -0.52 (-7.62%)
Balochistan Glass / Mar 22 Balochistan Glass Limited(BGL)	12.30 ▼ -1.00 (-7.52%)
S.S.Oil / Mar 22 S.S.Oil Mills Limited(SSOM)	99.30 ▼ -8.05 (-7.50%)
Pakistan Services / Mar 22 Pakistan Services Limited(PSEL)	1188 ▼ -95.90 (-7.47%)

Stock	Volume
Fauji Cement / Mar 22 Fauji Cement Company Limited(FCCL)	17,466,000 ▼ -0.15
WorldCall Telecom / Mar 22 Worldcall Telecom Limited(WTL)	11,070,759 ▼ -0.01
Thatta Cement / Mar 22 Thatta Cement Company Limited(THCCL)	9,211,500 ▼ -0.26
Fauji Foods Ltd / Mar 22 Fauji Foods Limited(FFL)	7,739,024 ▼ -0.07
Ghani Glo Hol / Mar 22 Ghani Global Holdings Limited(GGL)	5,924,540 ▼ -0.65
Telecard Limited / Mar 22 Telecard Limited(TELE)	5,534,500 ▼ -0.49
Cnergyico PK / Mar 22 Cnergyico PK Limited(CNERGY)	4,848,036 ▼ -0.11
Unity Foods Ltd / Mar 22 Unity Foods Limited(UNITY)	4,691,640 ▼ -0.61
Pak Elektron / Mar 22 Pak Elektron Limited(PAEL)	4,522,500 ▼ -0.47
Hascol Petrol / Mar 22 Hascol Petroleum Limited(HASCOL)	4,470,500 ▼ -0.28

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 22	285.50
USD PKR Interbank Buying / Mar 22	283.20
USD to Japanese Yen / Mar 22	132.42
USD to Swiss Franc / Mar 22	0.92
Pound Sterling to USD / Mar 22	1.22
Euro to USD / Mar 22	1.08
UK LIBOR % / Mar 21	4.56

Stock	Volume
S&P 500 / Mar 21	4002.87
Nasdaq / Mar 21	11860.11
Dow Jones / Mar 21	32560.60
India Sensex / Mar 22	58214.59
Tokyo Nikkei / Mar 22	27466.61
Hang Seng / Mar 22	19591.43
FTSE 100 / Mar 22	7515.89
Germany DAX 30 / Mar 22	15179.43
France CAC40 / Mar 22	7097.16

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 21	19235
Gold 10 Grams PKR / Mar 21	177726
Crude Oil USD/Barrel / Mar 22	69.01
Gold Spot USD/Ounce / Mar 22	1940.41
Cotton US¢/pound / Mar 22	77.98

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