Trends - inflation - Business Recorder

inflation

Indonesia inflation cools to 2.28% in September, close to forecast

JAKARTA: Indonesia’s annual inflation rate slowed to 2.28% in September, roughly in line with market forecast, due...

Published 02 Oct, 2023 10:07am

Opinion

The formidable challenge of rising inflation and price hike

The government has reduced the prices of petroleum products. It’s a positive development. The decrease, however, ...

Published 02 Oct, 2023 07:07am

Pakistan

JI asks councillors to mobilise masses

KARACHI: Jamaat-e-Islami (JI) Karachi chapter Ameer Engr Hafiz Naeemur Rehman has said that the October 6 sit-in...

Published 02 Oct, 2023 06:33am

Opinion

Taming inflation: pushing the boulder uphill

According to a recent survey, inflation and poverty are the biggest issues in Pakistan. No one could have any doubts...

Updated 02 Oct, 2023 07:16am

Editorials

There’s always a smell of shenanigans in the air

EDITORIAL: The government is desperate to fill the growing fiscal gaps. The space to finance a continuously high...

Published 02 Oct, 2023 06:33am

Opinion

Facilitate to educate

There are a lot of suggestions on how to eradicate poverty and help the underprivileged survive in these days of...

Updated 29 Sep, 2023 06:54am

Sept inflation seen at 29-31pc

KARACHI: Inflation in Pakistan is expected to clock in around 29-31% in September, the Ministry of Finance said in...

Updated 30 Sep, 2023 08:52am

Business & Finance

IMF programme: Govt will deliver to secure $700m under SBA: Shamshad

ISLAMABAD: The caretaker government will deliver on the International Monetary Fund (IMF) programme to secure $700...

Updated 03 Oct, 2023 06:23am

Business & Finance

Spain’s inflation rises to 3.5% in Sept as energy prices soar

Spain’s headline inflation rose to 3.5% in September, boosted by the soaring cost of energy, preliminary data from...

Published 28 Sep, 2023 02:59pm

Editorials

Federal spending must be curtailed

EDITORIAL: World Bank in a policy note has recommended ceasing federal spending on provincial mandates, including...

Published 28 Sep, 2023 05:33am

Business & Finance

Sri Lanka’s key inflation rate eases to 1.3% in Sept

COLOMBO: Sri Lanka’s key inflation rate eased to 1.3% in September from 4% a month ago, the statistics department...

Published 27 Sep, 2023 04:15pm

Wholesale, retail prices of essential commodities: NPMC underscores need for reducing gap

ISLAMABAD: The National Price Monitoring Committee (NPMC) reviewed the prices of essential commodities on Monday and...

Updated 26 Sep, 2023 08:47am

Sugar, poultry, auto and cement sectors: Dysfunctional Competition Tribunal unable to take decisions, Shamshad told

ISLAMABAD: Dr Kabir Ahmed Sidhu, Chairman Competition Commission of Pakistan (CCP) Monday conveyed to Finance...

Updated 26 Sep, 2023 08:51am

Opinion

Worst is yet to come

Inflation and purchasing power erosion pinch is now reflected in volumetric sales’ reduction in products and...

Updated 25 Sep, 2023 07:36am

Pakistan

JI chief urges govt to bring down prices of power, petrol and gas

LAHORE: Chief of Jamaat-e-Islami Sirajul Haq has addressed the sit-in protest in front of Governor House on the ...

Published 25 Sep, 2023 06:34am

Editorials

Pakistan: growth projections

EDITORIAL: Asian Development Bank (ADB) in its regular publication Asian Development Outlook lowered Pakistan’s...

Published 25 Sep, 2023 06:34am

Pakistan

Hike in fuel prices: LHC seeks reply from govt, others

LAHORE: The Lahore High Court (LHC) on Friday sought a response from the caretaker government and others on a...

Published 23 Sep, 2023 05:58am

Business & Finance

SPI inflation up 0.93pc WoW

ISLAMABAD: The Sensitive Price Indicator (SPI)-based inflation for the week ended 21st September, 2023 increased by...

Published 23 Sep, 2023 05:58am

Editorials

Household debt cycle

EDITORIAL: One of the enduring lessons of economic downturns is that they run households, especially middle- and...

Published 23 Sep, 2023 05:58am

Opinion

Elusive macroeconomic stability

In a recent statement reportedly, interim finance minister Dr Shamshad Akhtar indicated that there were signs of...

Published 22 Sep, 2023 03:40am

ADB revises growth downward to 1.9pc: Inflation revised upward to 25pc from 15pc

ISLAMABAD: The Asian Development Bank (ADB) has revised Pakistan’s GDP growth forecast for the fiscal year 2024 down...

Updated 21 Sep, 2023 09:37am

Markets

China’s property crisis weighs on developing Asia’s 2023 growth outlook: ADB

MANILA: Economic growth in developing Asia this year will be slightly lower than previously expected as the weakness...

Published 20 Sep, 2023 11:43am

Pakistan

Downward revision: ADB sees Pakistan’s GDP growth to ‘recover modestly’ to 1.9% in FY24

Prospects closely tied to steadfast and consistent implementation of policy reforms to stabilise economy and rebuild fiscal, external buffers, it says

Updated 20 Sep, 2023 10:56pm

Business & Finance

Global debt hits record $307trn

NEW YORK: Global debt hit a record $307 trillion in the second quarter of the year despite rising interest rates...

Published 20 Sep, 2023 06:28am

Opinion

A culture of strikes

The Karachi chapter of Jamaat-e-Islami has given a call for a shutdown in the country’s largest city for today...

Published 19 Sep, 2023 06:31am

Opinion

Early warning signs

The first quarter of 2023-24 is about to come to an end. It has been an eventful quarter. It started well with the...

Updated 19 Sep, 2023 07:32am

Mid-Year Performance Review: Macroeconomic environment remains challenging: SBP

KARACHI: The State Bank of Pakistan (SBP) on Monday said that the macroeconomic environment remains challenging...

Updated 19 Sep, 2023 09:42am

Pakistan

Inflation, power bills, fuel prices: JI Karachi chapter gives call for shutdown on 19th

KARACHI: Jamaat-e-Islami (JI) Karachi chapter chief Hafiz Naeemur Rehman has given a call for citywide shutdown on...

Published 18 Sep, 2023 06:32am

Opinion

Administrative crackdown: will it work?

The State’s crackdown against the smugglers and illegal currency traders has met with initial success. The fear...

Updated 18 Sep, 2023 07:40am

Editorials

Policy rate kept unchanged

EDITORIAL: The Monetary Policy Committee (MPC) decided to keep the policy rate unchanged at 22 percent surprising...

Published 18 Sep, 2023 06:32am

Gainers
Losers
Leaders

Stock	Price
Hira Textile / Nov 28 Hira Textile Mills Limited(HIRAT)	2.35 ▲ 0.39 (19.90%)
Kohinoor Power / Nov 28 Kohinoor Power Company Limited(KOHP)	4.40 ▲ 0.52 (13.40%)
Saritow Spinning / Nov 28 Saritow Spinning Mills Limited(SSML)	6.74 ▲ 0.74 (12.33%)
Service Textile / Nov 28 Service Industries Textiles Limited(SERT)	10.11 ▲ 1.00 (10.98%)
Chakwal Spinning / Nov 28 Chakwal Spinning Mills Limited(CWSM)	2.22 ▲ 0.19 (9.36%)
Shaheen Ins. / Nov 28 Shaheen Insurance Company Limited(SHNI)	3.74 ▲ 0.29 (8.41%)
Saif Textile / Nov 28 Saif Textile Mills Limited(SAIF)	12.45 ▲ 0.93 (8.07%)
Premier Insurance / Nov 28 Premier Insurance Limited(PINL)	7.90 ▲ 0.58 (7.92%)
Safe Mix Con.Lt / Nov 28 Safe Mix Concrete Limited(SMCPL)	13.70 ▲ 1.00 (7.87%)
Calcorp / Nov 28 Calcorp Limited(CASH)	19.91 ▲ 1.39 (7.51%)

Stock	Price
Samba Bank / Nov 28 Samba Bank Limited(SBL)	7.85 ▼ -0.66 (-7.76%)
Metro Steel / Nov 28 Metropolitan Steel Corporation Limited(MSCL)	24.97 ▼ -2.02 (-7.48%)
Bank of Khyber / Nov 28 The Bank of Khyber(BOK)	11 ▼ -0.80 (-6.78%)
Leather Up Ltd. / Nov 28 Leather Up Limited(LEUL)	11.01 ▼ -0.76 (-6.46%)
Ask.Gen.Insur. / Nov 28 Askari General Insurance Company Limited(AGIC)	17.71 ▼ -1.18 (-6.25%)
J.A.Textile / Nov 28 J.A. Textile Mills Limited(JATM)	51 ▼ -3.10 (-5.73%)
Punjab Mod / Nov 28 First Punjab Modaraba(FPJM)	1.60 ▼ -0.09 (-5.33%)
HBL Growth Fund / Nov 28 HBL Growth Fund(HGFA)	8.33 ▼ -0.46 (-5.23%)
Adamjee Life Assur. / Nov 28 Adamjee Life Assurance Company Limited(ALIFE)	27 ▼ -1.33 (-4.69%)
Bannu Woollen / Nov 28 Bannu Woollen Mills Limited(BNWM)	30.30 ▼ -1.48 (-4.66%)

Stock	Volume
Kohinoor Spining / Nov 28 Kohinoor Spinning Mills Limited(KOSM)	109,392,000 ▲ 0.18
WorldCall Telecom / Nov 28 Worldcall Telecom Limited(WTL)	43,313,979 ▲ 0.07
Yousuf Weaving / Nov 28 Yousaf Weaving Mills Limited(YOUW)	22,758,500 ▼ -0.11
Treet Corp. (R) / Nov 28 Treet Corporation Limited (R)(TREETR2)	21,595,601 ▼ -0.17
Maple Leaf Cement / Nov 28 Maple Leaf Cement Factory Limited(MLCF)	17,865,589 ▲ 0.03
D.G.K.Cement / Nov 28 D.G. Khan Cement Company Limited(DGKC)	15,655,201 ▲ 2.06
Agritech Limited / Nov 28 Agritech Limited(AGL)	15,233,500 ▲ 0.73
Pak Elektron / Nov 28 Pak Elektron Limited(PAEL)	14,205,993 ▲ 0.11
P.I.A.C.(A) / Nov 28 Pakistan International Airlines Corp(PIAA)	13,108,000 ▼ -0.03
B.O.Punjab / Nov 28 The Bank of Punjab(BOP)	13,103,901 ▲ 0.04

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 28	285.85
USD PKR Interbank Buying / Nov 28	285.35
USD to Japanese Yen / Nov 28	148.25
USD to Swiss Franc / Nov 28	0.88
Pound Sterling to USD / Nov 28	1.26
Euro to USD / Nov 28	1.10
UK LIBOR % / Nov 27	5.46

Stock	Volume
S&P 500 / Nov 27	4550.43
Nasdaq / Nov 27	14241.02
Dow Jones / Nov 27	35333.47
India Sensex / Nov 28	65983.73
Tokyo Nikkei / Nov 28	33370.40
Hang Seng / Nov 28	17485.79
FTSE 100 / Nov 28	7442.27
Germany DAX 30 / Nov 28	15941.55
France CAC40 / Nov 28	7237.40

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 27	17735
Gold 10 Grams PKR / Nov 27	185614
Crude Oil USD/Barrel / Nov 28	74.99
Gold Spot USD/Ounce / Nov 28	2015.58
Cotton US¢/pound / Nov 28	79.06

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