Trends - interest rate - Business Recorder

interest rate

Understanding austerity

There is a general confusion in Pakistan, whereby austerity policies are taken as belt-tightening in terms of...

Published 10 Mar, 2023 03:46am

Opinion

300bps hike in interest rate: unbelievable!

Raising interest rate by 300 basis points (bps) to 20 percent by State Bank of Pakistan is highly unbelievable. A...

Published 03 Mar, 2023 06:12am

Markets

SBP raises key interest rate by 300bps, takes it to 20%

Monetary Policy Committee expects inflation to rise further in the next few months
Also moves next MPC meeting to April 4 from April 27

Updated 02 Mar, 2023 09:20pm

Business & Finance

Next MPC meeting so far scheduled on March 16, says SBP

SBP chief spokesperson's statement comes amid widespread speculation the central bank is likely to increase interest rate in off-cycle review

Published 23 Feb, 2023 08:38pm

Business & Finance

Fed must be ready to hike rates for longer than now expected, Logan says

The U.S. central bank will need to keep gradually raising interest rates to beat inflation, Dallas Federal Reserve...

Updated 14 Feb, 2023 11:18pm

Opinion

Budgetary outcome in 1HFY23

The information on fiscal operations from July to December 2022 of the federal and the provincial governments has...

Published 14 Feb, 2023 05:58am

Markets

Most Gulf markets gain as interest rate fears ease

DUBAI: Most Gulf stock markets closed higher on Wednesday, tracking oil and global equities after comments from the...

Published 09 Feb, 2023 06:02am

Business & Finance

Bank of England hikes interest rate tenth time in row

LONDON: The Bank of England on Thursday hiked its interest rate for a tenth time in a row as global authorities race...

Published 02 Feb, 2023 05:50pm

Business & Finance

Fed delivers small rate hike, still expects ‘ongoing increases’

WASHINGTON: The Federal Reserve raised its target interest rate by a quarter of a percentage point on Wednesday, yet...

Published 02 Feb, 2023 06:12am

Markets

Easing inflation worries lift Wall Street ahead of Fed decision

NEW YORK: US stocks rose on Tuesday as labour cost data indicated that the Federal Reserve’s aggressive approach ...

Published 01 Feb, 2023 07:31am

Markets

Most Gulf markets fall on lower oil prices

DUBAI: Most Gulf stock markets closed lower on Tuesday, as falling oil prices and expectations of an interest rate...

Published 01 Feb, 2023 07:18am

Fitch says PKR to further weaken

ISLAMABAD: The Pakistani rupee is expected to weaken further, particularly with the country’s balance of payments...

Updated 01 Feb, 2023 11:30am

Business & Finance

US Fed starts policy meeting with smaller rate hike likely

WASHINGTON: US central bankers opened a two-day policy meeting Tuesday on rising expectations that they will slow...

Published 31 Jan, 2023 09:16pm

Business & Finance

Dollar steady as central banks take central stage

NEW YORK: The dollar was little changed on Monday, a day before the Federal Reserve was due to begin a two-day ...

Published 31 Jan, 2023 07:03am

Markets

Europe stocks slip as hot Spanish inflation data fan rate hike concerns

PARIS: European shares slipped on Monday as hotter-than-expected inflation data from Spain added to market jitters ...

Published 31 Jan, 2023 07:00am

Markets

Nasdaq falls as megacaps drop ahead of earnings

NEW YORK: The tech-focused Nasdaq fell more than 1% on Monday as megacap growth stocks including Apple, Amazon and...

Published 31 Jan, 2023 06:55am

Markets

Gold treads water as spotlight shifts to US Fed meeting

NEW YORK: Gold prices edged down slightly in choppy trade on Monday as investors looked ahead to the US Federal...

Published 31 Jan, 2023 06:47am

Opinion

State of the economy

The first six months of 2022-23 have witnessed considerable uncertainty about country’s economic prospects. ...

Published 31 Jan, 2023 06:01am

SBP says curbing inflation critical to achieving growth

KARACHI: The State Bank of Pakistan (SBP) believed that curbing inflation is essential for ensuring sustainable...

Updated 31 Jan, 2023 09:00am

Business & Finance

Poor access to capital for businesses worries FPCCI chief

KARACHI: Irfan Iqbal Sheikh, the president of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has...

Published 31 Jan, 2023 06:01am

EAG concerned at ‘inadequate’ SBP response

Economic Advisory Group stresses the need for meaningful reforms to achieve sustainable growth, instead of relying on policies that become a source of economic instability

Updated 30 Jan, 2023 09:22am

Dar challenges financial figures presented by IK

ISLAMABAD: Finance Minister Ishaq Dar has accused former prime minister Imran Khan of presenting inaccurate economic...

Updated 28 Jan, 2023 08:44am

Markets

Analysts weigh in: rupee’s latest depreciation has wider implications, outcomes

Experts believe LC issue will be resolved, inflation along with remittances to increase in short term

Updated 27 Jan, 2023 07:04pm

Opinion

Prices and inflation

It is quite clear that overall the monetary policy tool of raising policy rate to rein in inflation has not had any...

Updated 27 Jan, 2023 07:57am

Opinion

The darkness deepens

They say the night is darkest before the dawn. On Monday, it couldn’t have gotten darker—somewhere, someone in...

Published 25 Jan, 2023 06:25am

Business & Finance

Nigeria central bank raises rates by 100 bps despite inflation dip

ABUJA: Nigeria’s central bank raised its benchmark lending rate by 100 basis points (bps) to 17.5% in a decision...

Published 24 Jan, 2023 04:48pm

Opinion

GDP growth in 2022-23 — II

The previous article by this writer had presented the estimate of the GDP growth rate in 2022-23 as negative 1% from...

Updated 26 Jan, 2023 12:50am

Policy rate hiked to 17pc to rein in soaring inflation

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) Monday increased the key policy ...

Updated 24 Jan, 2023 09:05am

Markets

SBP raises key interest rate by 100bps, takes it to 17% — a 25-year high

Governor SBP Jameel Ahmad announces decision at press briefing following the meeting

Updated 23 Jan, 2023 10:04pm

Opinion

Debt, inequality and austerity

‘In most western countries, inequality is rising, and social mobility has stalled. Our citizens are losing...

Published 20 Jan, 2023 06:44am

Gainers
Losers
Leaders

Stock	Price
Chakwal Spinning / Mar 30 Chakwal Spinning Mills Limited(CWSM)	1.36 ▲ 0.20 (17.24%)
First IBL Mod. / Mar 30 First IBL Modaraba(FIBLM)	5.90 ▲ 0.60 (11.32%)
First Pak Mod. / Mar 30 First Pak Modaraba(PAKMI)	1.34 ▲ 0.13 (10.74%)
Dewan Sugar / Mar 30 Dewan Sugar Mills Limited(DWSM)	2.57 ▲ 0.23 (9.83%)
Unicap Modaraba / Mar 30 Unicap Modaraba(UCAPM)	1.77 ▲ 0.15 (9.26%)
Premier Insurance / Mar 30 Premier Insurance Limited(PINL)	7.50 ▲ 0.63 (9.17%)
B.R.R.Guardian / Mar 30 B.R.R. Guardian Modaraba(BRR)	12.04 ▲ 0.99 (8.96%)
Ismail Ind. / Mar 30 Ismail Industries Limited(ISIL)	518.26 ▲ 36.15 (7.50%)
Khyber Tex. / Mar 30 Khyber Textile Mills Limited(KHYT)	397.42 ▲ 27.72 (7.50%)
Suraj Cotton / Mar 30 Suraj Cotton Mills Limited(SURC)	102.53 ▲ 7.15 (7.50%)

Stock	Price
First Prudential Mod. / Mar 30 First Prudential Modaraba(PMI)	1.40 ▼ -0.24 (-14.63%)
Trust Mod. / Mar 30 Trust Modaraba(TRSM)	1.30 ▼ -0.20 (-13.33%)
Sapphire Fibres / Mar 30 Sapphire Fibres Limited(SFL)	1018 ▼ -82.00 (-7.45%)
Sardar Chemical / Mar 30 Sardar Chemical Industries Limited(SARC)	32 ▼ -2.55 (-7.38%)
Gadoon Textile / Mar 30 Gadoon Textile Mills Limited(GADT)	192.50 ▼ -15.30 (-7.36%)
Philip Morris Pak. / Mar 30 Philip Morris (Pakistan) Limited(PMPK)	461 ▼ -36.43 (-7.32%)
Pakistan Services / Mar 30 Pakistan Services Limited(PSEL)	876 ▼ -69.10 (-7.31%)
Shield Corp. / Mar 30 Shield Corporation Limited(SCL)	282 ▼ -22.00 (-7.24%)
Bal. Wheel / Mar 30 Baluchistan Wheels Limited(BWHL)	68.42 ▼ -5.18 (-7.04%)
JDW Sugar / Mar 30 JDW Sugar Mills Limited(JDWS)	356 ▼ -26.79 (-7.00%)

Stock	Volume
Telecard Limited / Mar 30 Telecard Limited(TELE)	12,447,500 ▼ -0.21
WorldCall Telecom / Mar 30 Worldcall Telecom Limited(WTL)	9,398,662 ▲ 0.01
Pakistan Alumin / Mar 30 Pakistan Aluminium Beverage Cans Limited(PABC)	7,638,000 ▲ 0.23
Pak Elektron / Mar 30 Pak Elektron Limited(PAEL)	6,136,500 ▼ -0.05
Pak Int.Bulk / Mar 30 Pakistan International Bulk Terminal(PIBTL)	6,018,500 ▲ 0.08
Engro Corp / Mar 30 Engro Corporation Limited(ENGRO)	5,429,492 ▼ -0.02
Nishat Mills Ltd / Mar 30 Nishat Mills Limited(NML)	4,517,879 ▲ 0.46
Shifa Int.Hosp / Mar 30 Shifa International Hospitals Limited(SHFA)	4,299,000 ▼ -1.99
Agha Steel Ind. / Mar 30 Agha Steel Ind.Ltd(AGHA)	3,645,000 ▲ 0.36
K-Electric Ltd. / Mar 30 K-Electric Limited(KEL)	3,416,092 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 30	284.05
USD PKR Interbank Buying / Mar 30	283.80
USD to Japanese Yen / Mar 30	132.47
USD to Swiss Franc / Mar 30	0.92
Pound Sterling to USD / Mar 30	1.23
Euro to USD / Mar 30	1.08
UK LIBOR % / Mar 29	4.81

Stock	Volume
S&P 500 / Mar 29	4027.81
India Sensex / Mar 29	57960.09
Nasdaq / Mar 29	11926.24
Dow Jones / Mar 29	32717.60
Tokyo Nikkei / Mar 30	27782.93
Hang Seng / Mar 30	20309.13
FTSE 100 / Mar 30	7578.80
Germany DAX 30 / Mar 30	15430.39
France CAC40 / Mar 30	7235.99

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 29	18935
Gold 10 Grams PKR / Mar 29	176268
Crude Oil USD/Barrel / Mar 30	72.81
Gold Spot USD/Ounce / Mar 30	1963.79
Cotton US¢/pound / Mar 30	82.34

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