Trends - inflation - Business Recorder

inflation

Likely hike in policy rate: T-bills RoR soars to 22pc

KARACHI: Rate of return on short-term government papers rose to 22 percent on expected hike in the key policy rate ...

Updated 24 Mar, 2023 08:53am

Pakistan

One person dies in stampede for free flour

PESHAWAR: One person was killed and eight others injured during a stampede for free flour in inflation-wracked...

Published 24 Mar, 2023 05:55am

Editorials

Back to basics

EDITORIAL: Of all the ideas being tossed around these days, from all quarters, to control deficits and rescue the...

Published 24 Mar, 2023 05:55am

Business & Finance

Singapore February core inflation rises lower-than-forecast 5.5%

SINGAPORE: Singapore’s key consumer price gauge rose 5.5% in February, lower than forecast, official data showed on...

Published 23 Mar, 2023 10:52am

Editorials

We are Pakistanis, firstly and lastly

EDITORIAL: Today, it has been 83 years since a historic resolution was passed for establishment of a separate...

Published 23 Mar, 2023 05:47am

Business & Finance

Concerns voiced over country’s current economic situation

LAHORE: “Inflation in Pakistan is all-time high since 1974, and in a country where about a quarter of the...

Updated 23 Mar, 2023 06:08am

Business & Finance

Fed lifts key interest rate amid banking sector fears

WASHINGTON: The US Federal Reserve raised its benchmark lending rate on Wednesday, as it sought to strike a balance...

Published 23 Mar, 2023 05:47am

Rs5bn PM’s ‘Ramazan Relief Package’ announced

ISLAMABAD: The government on Tuesday announced a Ramazan Relief Package worth Rs 5 billion to provide maximum relief...

Updated 22 Mar, 2023 09:03am

World

Canada inflation continues to drop to 5.2%

OTTAWA: Canadians paid 5.2 percent more for goods and services in February than a year earlier, led by soaring food...

Published 21 Mar, 2023 06:47pm

Opinion

Falling exports and imports

The February figures of exports, imports and balance of trade have just been released. They tell a story of extreme...

Updated 21 Mar, 2023 07:01am

Editorials

The build-up of wider inflationary risks

EDITORIAL: The World Bank in its latest publication “Food Security Update” awarded Pakistan the dubious title of...

Updated 21 Mar, 2023 06:52am

Business & Finance

Inflation could break further records, clock in above 34%: report

JS Global says higher gas and cigarette prices are among key drivers of inflation

Updated 20 Mar, 2023 03:21pm

BR Research

Female startups more vulnerable to uncertainty?

2022 was a brutal year for the startup space in the country, especially after the phenomenal funding boom in 2020...

Published 20 Mar, 2023 07:39am

Business & Finance

Enhancement in exports requires wide structural reforms, says BMP

LAHORE: The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel stressing the need for...

Published 20 Mar, 2023 06:56am

Business & Finance

Fed to balance banking woes, inflation in this rate decision

WASHINGTON: US central bankers face an unenviable task when they gather in Washington this week: tackling persistent...

Published 20 Mar, 2023 06:12am

Business & Finance

Rising transportation costs fuelling inflation, says expert

KARACHI: In our country, the transportation cost is rising constantly and thus is unbearable. It has almost doubled...

Published 20 Mar, 2023 06:12am

Business & Finance

ECB hawks press case for more rate hikes to fight dogged inflation

FRANKFURT: The European Central Bank (ECB) will likely need to raise interest rates further to tame persistent...

Published 19 Mar, 2023 03:33am

Pakistan

Further hike in policy rate on the cards as inflation runs deep in Pakistan

Brokerage house AHL says it expects an increase of 100bps in upcoming meeting on April 4

Updated 18 Mar, 2023 03:29pm

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

Business & Finance

ECB raises rates as planned despite banking turmoil

FRANKFURT: The European Central Bank raised interest rates by 50 basis points on Thursday as promised, ignoring...

Published 17 Mar, 2023 07:09am

Editorials

Bank borrowing

EDITORIAL: Bank deposits grew by 15 percent in one year to 22.92 trillion rupees in February 2023 compared to 19.91...

Published 16 Mar, 2023 06:01am

Consumer price inflation in Pakistan second highest in South Asia: World Bank

ISLAMABAD: The consumer price inflation for food items in Pakistan was 45.1 per cent in February 2023 on a...

Updated 16 Mar, 2023 02:16pm

World

Wholesale prices in US fell unexpectedly in February

WASHINGTON: US wholesale prices fell last month in welcome news for policymakers, according to government data...

Published 15 Mar, 2023 06:19pm

BR Research

Getting completely priced out?

As central banks across the world continue to hike interest rates to rein in inflation (with little to show for it,...

Published 15 Mar, 2023 08:40am

Staff-level deal with IMF ‘within a few days’: PM

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday said the staff-level agreement with the International Monetary...

Updated 15 Mar, 2023 08:51am

Markets

Prices of kitchen items soar ahead of Ramazan

PESHAWAR: Prices of essential food commodities are becoming dearer as inflation continues to soar unabated ahead of...

Published 13 Mar, 2023 07:23am

Pakistan

PDP calls for redesigning of healthcare system

KARACHI: Regretting that the healthcare has gone beyond the reach of the common man after record inflation in...

Published 13 Mar, 2023 07:17am

Markets

Wall Street Week Ahead: Inflation data awaited by markets hit by worries about Fed, banks

NEW YORK: A critical inflation report next week will test a US stock market already consumed by worries over Federal...

Published 13 Mar, 2023 06:15am

Opinion

Debt relief for developing countries

Many developing and low-income countries are under debt distress, and a few of which are also facing food crisis as...

Published 13 Mar, 2023 06:15am

Business & Finance

Fiat and Ferrari staff to get more than 11pc pay rise over two years

MILAN: Italy’s largest automotive groups, led by Fiat-maker Stellantis, and unions on Wednesday signed an ...

Published 13 Mar, 2023 06:15am

Gainers
Losers
Leaders

Stock	Price
Punjab Mod / Jun 5 First Punjab Modaraba(FPJM)	1.41 ▲ 0.19 (15.57%)
Pak. P.V.C. / Jun 5 Pakistan PVC Limited(PPVC)	4.82 ▲ 0.61 (14.49%)
Hussain Industries / Jun 5 Husein Industries Limited(HUSI)	11.49 ▲ 0.99 (9.43%)
Gammon Pak / Jun 5 Gammon Pakistan Limited(GAMON)	5.30 ▲ 0.40 (8.16%)
Sui South Gas / Jun 5 Sui Southern Gas Company Limited(SSGC)	9.66 ▲ 0.70 (7.81%)
HI-Tech Lub. / Jun 5 Hi-Tech Lubricants Limited(HTL)	23.47 ▲ 1.64 (7.51%)
Atlas Battery / Jun 5 Atlas Battery Limited(ATBA)	224.16 ▲ 15.64 (7.50%)
Century Paper / Jun 5 Century Paper & Board Mills Limited(CEPB)	55.60 ▲ 3.88 (7.50%)
Dawood Lawrencepur / Jun 5 Dawood Lawrencepur Limited(DLL)	258 ▲ 18.00 (7.50%)
Exide (PAK) / Jun 5 Exide Pakistan Limited(EXIDE)	274.59 ▲ 19.16 (7.50%)

Stock	Price
Unicap Modaraba / Jun 5 Unicap Modaraba(UCAPM)	1.70 ▼ -0.67 (-28.27%)
Pak Gulf Leasing / Jun 5 Pak-Gulf Leasing Company Limited(PGLC)	6.50 ▼ -0.99 (-13.22%)
Mehran Sugar / Jun 5 Mehran Sugar Mills Limited(MRNS)	38 ▼ -5.00 (-11.63%)
Rafhan Maize / Jun 5 Rafhan Maize Products Company Limited(RMPL)	8332 ▼ -1059.00 (-11.28%)
Diamond Ind. / Jun 5 Diamond Industries Limited(DIIL)	30.62 ▼ -2.48 (-7.49%)
Gillette Pak / Jun 5 Gillette Pakistan Limited(GLPL)	109.08 ▼ -8.82 (-7.48%)
John&Philips / Jun 5 Johnson & Phillips (Pakistan) Limited(JOPP)	35.02 ▼ -2.83 (-7.48%)
Indus Dyeing / Jun 5 Indus Dyeing & Manufacturing Co. Limited(IDYM)	126 ▼ -9.06 (-6.71%)
Ruby Textile / Jun 5 Ruby Textile Mills Limited(RUBY)	3.13 ▼ -0.21 (-6.29%)
Reliance Ins. / Jun 5 Reliance Insurance Company Limited(RICL)	7.27 ▼ -0.48 (-6.19%)

Stock	Volume
WorldCall Telecom / Jun 5 Worldcall Telecom Limited(WTL)	16,776,521 ▼ -0.02
Pak Int.Bulk / Jun 5 Pakistan International Bulk Terminal(PIBTL)	10,345,500 ▲ 0.10
Sui North Gas / Jun 5 Sui Northern Gas Pipelines Limited(SNGP)	9,748,618 ▲ 2.54
Pak Petroleum / Jun 5 Pakistan Petroleum Limited(PPL)	9,220,831 ▲ 3.59
Oil & Gas Dev. / Jun 5 Oil & Gas Development Company Limited(OGDC)	8,432,214 ▲ 3.17
D.G.K.Cement / Jun 5 D.G. Khan Cement Company Limited(DGKC)	8,134,363 ▼ -0.12
Pak Refinery / Jun 5 Pakistan Refinery Limited(PRL)	5,737,803 ▲ 0.30
Maple Leaf Cement / Jun 5 Maple Leaf Cement Factory Limited(MLCF)	4,793,566 ▲ 0.31
Hascol Petrol / Jun 5 Hascol Petroleum Limited(HASCOL)	4,657,500 ▲ 0.12
Sui South Gas / Jun 5 Sui Southern Gas Company Limited(SSGC)	4,102,148 ▲ 0.70

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 5	286.10
USD PKR Interbank Buying / Jun 5	285.90
USD to Japanese Yen / Jun 5	140.13
USD to Swiss Franc / Jun 5	0.91
Pound Sterling to USD / Jun 5	1.24
Euro to USD / Jun 5	1.07
UK LIBOR % / Jun 2	5.06

Stock	Volume
S&P 500 / Jun 2	4282.37
Nasdaq / Jun 2	13240.77
Dow Jones / Jun 2	33762.76
India Sensex / Jun 5	62894.02
Tokyo Nikkei / Jun 5	32117.09
Hang Seng / Jun 5	18993.93
FTSE 100 / Jun 5	7637.92
Germany DAX 30 / Jun 5	16080.36
France CAC40 / Jun 5	7260.56

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 2	20235
Gold 10 Grams PKR / Jun 2	199760
Crude Oil USD/Barrel / Jun 5	72.64
Gold Spot USD/Ounce / Jun 5	1944.48
Cotton US¢/pound / Jun 5	81.63

inflation

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