Trends - inflation - Business Recorder

inflation

Ravaged by floods, Pakistan's economic health has a lot of people worried

ISLAMABAD: Concerns over the health of Pakistan's economy have risen, especially in the wake of floods, as foreign...

Published 01 Oct, 2022 08:04pm

Markets

Inflation reading falls slightly in September, clocks in at 23.2%

Decline driven by relief in fuel charges adjustment in electricity bills, say analysts

Updated 01 Oct, 2022 07:29pm

Pakistan

Economic outlook uncertain, likely to remain below target, warns Pakistan's finance ministry

Macroeconomic imbalances may ease with the expected slowdown in economic growth, says Monthly Economic Update & Outlook for September

Updated 30 Sep, 2022 05:38pm

Markets

Philippine central bank says September annual inflation within 6.6% to 7.4% range

MANILA: The Philippine central bank on Friday said it expects the annual inflation rate for September to stay within...

Published 30 Sep, 2022 10:56am

Business & Finance

Japan considers steps to help with utility bill burden

TOKYO: Japan will consider more steps to cushion the blow of rising electricity bills, a government spokesperson...

Published 29 Sep, 2022 11:04am

Rupee, inflation, interest rates top wily Dar’s agenda

Says PTI-led government brought country to such a pass, which in his opinion, no enemy country can do

Updated 29 Sep, 2022 10:16am

Pakistan

Pakistan dollar bonds slump after Dar vows to bring down interest rates

LONDON: Pakistan's sovereign dollar-denominated bonds fell as much as 8 cents to hit fresh record lows after Ishaq...

Updated 28 Sep, 2022 04:56pm

Markets

Asian currencies hit by rising global rates, recession risks

Worldwide ructions in financial markets swept up Asian emerging economies, with most of their currencies down on...

Published 28 Sep, 2022 01:18pm

Markets

Ukraine war hammers growth in ex-Soviet bloc: EBRD bank

LONDON: Rocketing inflation and dwindling gas supplies fuelled by Russia’s invasion of Ukraine will hammer growth in...

Published 28 Sep, 2022 10:48am

BR Research

Real wages nosedive

The daily wages for the construction sector may well have grown the most in ten quarters at 10 percent during 1QFY23...

Updated 28 Sep, 2022 08:42pm

Opinion

Calamities, debt crisis, growth: prospects – I

Natural disasters such as floods can have detrimental effects on growth as they depress both supply and demand, and...

Published 28 Sep, 2022 05:51am

New finance minister wants to take country out of ‘economic rut’

KARACHI: Prime ministerial aide Ishaq Dar said on Monday he would take up the role of finance minister for the ...

Updated 27 Sep, 2022 09:33am

Business & Finance

Walmart hiring fewer US holiday staff this year

NEW YORK: Walmart announced Wednesday it will hire 40,000 workers for the upcoming holiday season, far fewer than...

Published 26 Sep, 2022 08:17am

Opinion

After feverish week, global investors lick wounds and brace for more chaos

Global investors are preparing for more market mayhem after a monumental week that whipsawed asset prices around the...

Published 26 Sep, 2022 06:07am

Editorials

‘Second disaster’

EDITORIAL: It’s not at all surprising, even if it is monumentally tragic, that the World Health Organisation (WHO)...

Updated 25 Sep, 2022 06:24am

Pakistan

PTI stages protest

ISLAMABAD: A large number of people from the twin cities of Islamabad and Rawalpindi on Saturday took to the street...

Updated 25 Sep, 2022 10:16am

Centre requests Sindh govt to review wheat MSP

ISLAMABAD: The federal government has reportedly requested Sindh government to review Minimum Support Price (MSP) of...

Updated 25 Sep, 2022 10:16am

Business & Finance

Singapore August core inflation rises 5.1% vs forecast 5.0%

SINGAPORE: Singapore’s key consumer price gauge rose 5.1% in August, slightly more than forecast, driven by larger...

Published 23 Sep, 2022 10:48am

Opinion

A world running towards recession

‘Central banks are intent on driving the world economy perilously close to a recession. Late to see the worst...

Published 23 Sep, 2022 05:50am

Business & Finance

Spain to tax rich to offset inflation relief measures

MADRID: The Spanish government said Thursday it will slap a temporary tax on the wealthiest one percent of the...

Published 23 Sep, 2022 05:50am

Business & Finance

Japan intervenes in FX market to stem yen falls after BOJ keeps super-low rates

TOKYO: Japan intervened in the foreign exchange market on Thursday to buy yen for the first time since 1998, in an...

Updated 23 Sep, 2022 05:41pm

Markets

Inflation-fighting BoE readies another big rate hike

LONDON: The Bank of England faces another big interest rate hike later Thursday to fight soaring inflation, even if...

Published 22 Sep, 2022 10:13am

Opinion

We have met the enemy…

One would think that it couldn’t get any worse for a country overwhelmed by unprecedented political polarisation...

Published 22 Sep, 2022 05:48am

Business & Finance

Headline inflation revised up to 18.0pc: ADB forecasts economy to slow down to 3.5pc

ISLAMABAD: Pakistan’s economy is forecast to slow to 3.5 percent in the fiscal year 2023 (ending 30 June 2023) from...

Published 22 Sep, 2022 05:48am

Pakistan

Imran Khan seeks to put more pressure on govt thru ‘real freedom’ drive

LAHORE: Pakistan Tehreek-e-Insaaf Chairman Imran Khan Wednesday announced to launch his protest movement for...

Updated 22 Sep, 2022 09:28am

Business & Finance

Fed delivers another big rate hike; Powell vows to 'keep at it'

WASHINGTON: Federal Reserve Chair Jerome Powell vowed on Wednesday that he and his fellow policymakers would "keep...

Updated 22 Sep, 2022 04:46am

Business & Finance

India govt ‘in no hurry’ on medium-term inflation target

NEW DELHI: India’s government is in no hurry to push inflation - now hovering near 7% and eight-year highs - back to...

Published 21 Sep, 2022 11:38am

Technology

Apple to raise App Store prices in several countries including Pakistan from October

Apple Inc said on Tuesday it will raise prices of apps and in-app purchases on its App Store from next month in all...

Updated 20 Sep, 2022 02:17pm

Business & Finance

Japan inflation at highest level since 2014

TOKYO: Inflation in Japan hit 2.8 percent in August, the highest level since 2014, government data showed Tuesday,...

Published 20 Sep, 2022 11:40am

Markets

Inflation in Pakistan expected to be over 26% in September: report

Food prices, weaker rupee and aftershocks of devastating floods to contribute to high CPI reading

Updated 19 Sep, 2022 04:57pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Tokyo Nikkei / May 17	38787.38
Nasdaq / May 17	16685.97
Hang Seng / May 17	19535.61
FTSE 100 / May 17	8420.26
Dow Jones / May 17	40003.59
Germany DAX 30 / May 17	18704.42

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210562
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 19	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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