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inflation

For Biden’s battered approval, ‘nothing else matters’ like inflation

Historically low joblessness is the kind of thing American leaders dream of, but President Joe Biden also has...

Published 14 Apr, 2022 04:55am

Markets

Gold hits 1-month peak as Ukraine, inflation lift appeal

LONDON: Gold prices hit a one-month high on Wednesday, as the Russia-Ukraine conflict boosted demand for safe-haven...

Published 14 Apr, 2022 04:55am

Business & Finance

Sterling edges up in wake of data showing surging UK inflation

LONDON: Sterling edged up on Wednesday after briefly dropping to its lowest level against the US dollar since...

Published 14 Apr, 2022 04:55am

Business & Finance

New Zealand’s central bank raises interest rates to 1.50%

WELLINGTON: The Reserve Bank of New Zealand (RBNZ) raised interest rates by a hefty 50 basis points to 1.50% on...

Published 13 Apr, 2022 03:55pm

Business & Finance

Tesco supermarket warns on profit as inflation bites

LONDON: Britain’s biggest retailer Tesco on Wednesday warned that soaring inflation would bite into future profit,...

Published 13 Apr, 2022 02:57pm

Business & Finance

UK inflation jumps to 30-year high of 7% in March

LONDON: British consumer price inflation leapt to 7.0% in March, its highest since March 1992 and up from 6.2% in...

Published 13 Apr, 2022 11:50am

Markets

Tokyo shares close higher

TOKYO: Tokyo shares closed higher Wednesday as Asian markets rose and caution receded over aggressive monetary...

Updated 13 Apr, 2022 11:58am

Markets

Rupee registers yet another gain, up 0.96% against US dollar

Cumulative increase in two sessions clocks in at 2.87%

Updated 11 Apr, 2022 05:36pm

Business & Finance

Engagement with IMF ‘remains strong’, says Dr Baqir

State Bank of Pakistan governor says goal is to complete the work that is necessary to draw the remaining $3 billion from the Washington-based lender

Updated 11 Apr, 2022 05:38pm

Pakistan

SBP governor confident recent measures will help market sentiment

Says falling foreign exchange reserves concerning, but central bank has moved to arrest deterioration

Updated 09 Apr, 2022 07:43pm

World

Sri Lanka doubles interest rates to tame inflation as crisis bites

COLOMBO: Sri Lanka’s central bank doubled its key interest rates on Friday, raising each by an unprecedented 700...

Published 09 Apr, 2022 04:39am

Markets

Nasdaq, S&P 500 slide as higher yields hit growth stocks

NEW YORK: The Nasdaq and the S&P 500 fell on Friday, dragged down by growth and technology stocks as US Treasury...

Published 09 Apr, 2022 04:39am

Business & Finance

India holds rates but starts to rein in loose policy as inflation risks rise

MUMBAI: The Reserve Bank of India said on Friday it is starting to move away from its ultra-loose monetary policy...

Published 09 Apr, 2022 04:39am

Business & Finance

‘Rise in interest rates to bring another storm of inflation’

LAHORE: Traders and industrialists on Friday expressed concern over the rise in interest rates by State Bank of...

Published 09 Apr, 2022 04:39am

Markets

Dollar index touches 100 for first time in nearly two years

LONDON: The US dollar index strengthened to 100 for the first time in nearly two years on Friday, supported by the...

Published 08 Apr, 2022 02:05pm

Business & Finance

Japan's March wholesale inflation seen at record on soaring commodity costs

TOKYO: Japan's wholesale prices likely stayed at a record high in March, a Reuters poll showed on Friday, in a sign...

Published 08 Apr, 2022 11:35am

Business & Finance

Inflation and external stability: Policy rate hiked to 12.25pc at MPC emergency meeting

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) in its emergency meeting, held on...

Updated 08 Apr, 2022 10:25am

Business & Finance

Japan households projecting higher inflation hits 14-year high

TOKYO: The proportion of Japanese households expecting prices to rise a year from now has hit a 14-year high, a...

Published 07 Apr, 2022 10:37am

Inflation likely to pick up: FY22 growth rate projected to slow to 4pc YoY

ISLAMABAD: Pakistan’s GDP growth rate is projected to slow to four percent in fiscal year 2022 from 5.6 percent in...

Published 07 Apr, 2022 05:15am

Markets

Russia-Ukraine war to slow 2022 growth in developing Asia: ADB

MANILA: Growth in developing Asia will likely be slower this year than previously thought, the Asian Development ...

Published 06 Apr, 2022 11:17am

Opinion

More and more bad news

Pakistan finds itself increasingly in a quagmire. The economy was hit severely first after March 2020 by the...

Published 05 Apr, 2022 05:38am

BR Research

In the eye of storm!

Amidst ominous political developments in the capital, the monthly inflation reading from PBS seems to have fallen on...

Published 04 Apr, 2022 07:46am

BR Research

CPI roundup

The headline inflation clocked at 12.7 percent in March 2022, and 9M average is at 10.8 percent –hovering around...

Published 04 Apr, 2022 07:44am

Markets

Commodities, banks help European shares rise amid gas supply worries

LONDON: European shares rose on Friday as a rally in commodity-linked and bank stocks helped outweigh worries about...

Published 04 Apr, 2022 05:38am

Business & Finance

March CPI inflation up 12.7pc YoY

ISLAMABAD: The Consumer Price Index (CPI) inflation increased by 12.7 percent on year-on-year basis in March 2022 as...

Published 02 Apr, 2022 04:14am

Markets

March: Pakistan's inflation reading rises to 12.7%

Average inflation during 9MFY22 stands at 10.75%

Updated 01 Apr, 2022 07:37pm

Business & Finance

Price stability, inflation: official speaks about SBP’s primary responsibilities

ISLAMABAD: The State Bank of Pakistan’s primary goal, after the recent amendment in Section 4B of SBP Act 1956, is...

Published 01 Apr, 2022 05:41am

Markets

Gold heads for best quarter in six on Russia-Ukraine war

LONDON: Gold was on course to post its biggest quarterly gain since September 2020 as the safe-haven metal’s ...

Published 01 Apr, 2022 05:41am

Markets

India to more than double price of locally produced gas

NEW DELHI: India will more than double the price of natural gas from Friday for the first half of this fiscal year,...

Published 31 Mar, 2022 05:11am

Business & Finance

Energy prices push Spanish inflation to 37-year high

MADRID: Spanish inflation has surged to a near 37-year high due to soaring energy prices following Russia’s invasion...

Published 30 Mar, 2022 01:54pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 18	278.62
USD PKR Interbank Buying / Apr 18	278.32
USD to Japanese Yen / Apr 18	154.30
USD to Swiss Franc / Apr 18	0.91
Pound Sterling to USD / Apr 18	1.25
Euro to USD / Apr 18	1.07

Stock	Volume
S&P 500 / Apr 17	5022.21
Nasdaq / Apr 17	15683.37
Dow Jones / Apr 17	37735.31
India Sensex / Apr 18	72965.85
Tokyo Nikkei / Apr 18	38103.03
Hang Seng / Apr 18	16452.30
FTSE 100 / Apr 18	7883.62
Germany DAX 30 / Apr 18	17795.41

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 16	21735
Gold 10 Grams PKR / Apr 17	215964
Petrol/Litre / Apr 18	293.94
Crude Oil USD/Barrel / Apr 18	82.77
Gold Spot USD/Ounce / Apr 18	2374.98
Diesel/Litre / Apr 18	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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