Trends - inflation - Business Recorder

inflation

Road to medium term: the math is not adding up

The central bank of Pakistan believes that the medium-term inflation target of 5 – 7 percent shall be achievable by...

Published 07 Jun, 2024 08:12am

World

ECB cuts rates even as inflation fight goes on

FRANKFURT: The European Central Bank went ahead with its first interest rate cut since 2019 on Thursday, citing...

Published 07 Jun, 2024 06:24am

Editorials

Policy rate manoeuvrability

EDITORIAL: Domestic pressure is clearly mounting on the Monetary Policy Committee scheduled to meet on 7 June to...

Published 07 Jun, 2024 06:24am

Business & Finance

Philippine annual inflation at 3.9% in May

MANILA: Philippine annual inflation was 3.9% in May, versus the previous month’s 3.8% print, the statistics agency...

Published 05 Jun, 2024 10:24am

Editorials

Is inflation finally easing?

EDITORIAL: Pakistan Bureau of Statistics (PBS) estimated the Consumer Price Index (CPI) at 11.8 percent in May,...

Published 05 Jun, 2024 06:44am

Business & Finance

South Korea consumer inflation slows to 10-month low

SEOUL: South Korea’s consumer inflation slowed for a second straight month in May to a 10-month low, official data...

Published 04 Jun, 2024 10:51am

BR Research

CPI: a surprise reading – but will it hold?

Over the past two years, rising inflation shattered records and surpassed analysts’ expectations. However, a...

Published 04 Jun, 2024 09:01am

SBP likely to lower policy rate: S&P GMI

ISLAMABAD: Pakistan’s headline inflation rate declined for the fifth consecutive month to 11.8 per cent in May and...

Updated 04 Jun, 2024 09:22am

Taming inflation, providing jobs high priorities: Musadik

ISLAMABAD: Minister for Petroleum Division Dr Musadik Masood Malik on Saturday said that controlling inflation and...

Updated 02 Jun, 2024 04:15pm

Business & Finance

Cut in policy rate likely

KARACHI: With the decline in the inflation and improvement in external account, analysts are expecting easing in the...

Published 01 Jun, 2024 06:59am

Editorials

Inflation is cooling?

EDITORIAL: Pakistan Bureau of Statistics (PBS) estimated a 0.34 percent decline in the sensitive price index (SPI),...

Updated 30 May, 2024 06:52am

Markets

Ministry of Finance expects inflation to fall further to 13.5-14.5% in May

Govt's commitment to curbing inflation through stringent administrative measures paints a promising picture for the inflation outlook

Updated 29 May, 2024 10:26pm

Business & Finance

Australia inflation quickens to 5-month high, sounding rate alarm

SYDNEY: Australian consumer price inflation unexpectedly picked up to a five-month high in April due in part to...

Published 29 May, 2024 12:03pm

Business & Finance

Vietnam inflation rises in May, nears government limit

HANOI: Vietnam’s annual inflation rate edged up to 4.44% in May, official data showed on Wednesday, nearing the...

Published 29 May, 2024 11:33am

Business & Finance

Dollar slips ahead of inflation data

NEW YORK: The dollar eased against most currencies on Tuesday ahead of key US and euro zone inflation data later ...

Published 29 May, 2024 06:05am

Business & Finance

Dollar firm ahead of global inflation data

SINGAPORE/LONDON: The dollar held steady on Monday, but was set for its first monthly loss this year, as investors...

Published 28 May, 2024 05:30am

Business & Finance

HCSTSI chief commends govts for reining in inflation

HYDERABAD: Muha-mmad Farooq Shaikhani, President, Hyderabad Chamber of Small Traders & Small Industry, commended...

Published 27 May, 2024 05:52am

World

EU told to tackle food cost differences across the bloc

BRUSSELS, (Belgium): Eight EU states urged Brussels Friday to clamp down on multinational giants unfairly limiting...

Published 25 May, 2024 05:32am

Opinion

Primary surplus, fiscal deficit, over-board austerity policy, and existential threats

International Monetary Fund (IMF) wishes government to have primary surplus, which means that before paying interest...

Updated 27 May, 2024 07:12pm

BR Research

Sky-High FED: Pulping Punjab’s Rural Economy

Developing agriculture value chains is the low-hanging fruit in Pakistan’s economy – especially the Punjab economy....

Published 21 May, 2024 09:07am

Markets

Wall Street Week Ahead: Stock market’s record-setting rebound may have further to go

NEW YORK: A rebound that has taken the US stock market to record highs this week may have further to run, if history...

Published 20 May, 2024 05:44am

Borrowings, mark-up payments: Policy rate hike pushed up FY23 cost

The expenditure on mark-up payments was Rs5,696 billion in fiscal year 2022-23 against Rs3,950 billion estimated in the budget

Updated 17 May, 2024 09:44am

Business & Finance

Budget proposals: KCCI demands out-of-box solutions to save nose-diving economy

KARACHI: High rate of inflation has pushed the prices of consumer goods and commodities to a level where these are...

Published 17 May, 2024 05:50am

Business & Finance

Saudi Arabia inflation unchanged at 1.6% in April

DUBAI: Saudi Arabia’s annual inflation rate held at 1.6% in April, the same as the previous month, government data...

Published 15 May, 2024 12:23pm

Pakistan

Protesters call off march in AJK

MUZAFFARABAD: An alliance of civil rights group on Tuesday called off a protest march in Pakistan-ruled Kashmir ...

Published 15 May, 2024 05:47am

Opinion

Time to act: 9 cents/kWh

The country faces daunting economic challenges. A shrinking industrial base, a bulging workforce with no jobs to...

Updated 15 May, 2024 06:28am

Pakistan

Anarchic elements: ‘Nefarious motives’ defeated: govt

ISLAMABAD: Minister for Information and Broadcasting Attaullah Tarar said that the nefarious motives of some...

Updated 15 May, 2024 08:47am

Business & Finance

H2FY24: SBP expects continuation of modest recovery

KARACHI: The State Bank of Pakistan (SBP) expects continuation of modest economic recovery in the second half of ...

Published 15 May, 2024 05:47am

Pakistan

Political uncertainty impacting Pakistan economy, says SBP

Policy, structural challenges need to be addressed as necessary tailwind, says central bank in half-year report

Updated 14 May, 2024 10:50pm

Business & Finance

KATI hails 1.39pc drop in weekly inflation rate

KARACHI: The Korangi Association of Trade and Industry (KATI) has hailed the notable drop of 1.39 percent in the...

Published 14 May, 2024 05:18am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 6	278.53
USD PKR Interbank Buying / Jun 6	278.33
USD to Japanese Yen / Jun 6	155.82
USD to Swiss Franc / Jun 6	0.89
Pound Sterling to USD / Jun 6	1.28
Euro to USD / Jun 6	1.09

Stock	Volume
S&P 500 / Jun 6	5352.96
India Sensex / Jun 6	75074.51
Tokyo Nikkei / Jun 6	38661.04
Nasdaq / Jun 6	17173.12
Hang Seng / Jun 6	18418.97
FTSE 100 / Jun 6	8285.34
Dow Jones / Jun 6	38886.17
Germany DAX 30 / Jun 6	18652.67

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 4	19935
Crude Oil USD/Barrel / Jun 6	75.61
Gold 10 Grams PKR / Jun 6	208333
Gold Spot USD/Ounce / Jun 6	2377.61
Cotton US¢/pound / Jun 6	73.76
Petrol/Litre / Jun 7	268.36

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 7 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 7 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 7 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 7 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 7 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 7 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 7 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 7 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 7 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 7 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 7 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 7 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 7 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 7 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 7 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 7 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 7 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 7 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 7 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 7 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 7 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 7 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 7 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 7 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 7 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 7 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 7 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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