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US third quarter GDP revised up to 3.2pc with help from spending

WASHINGTON: The US economy expanded 3.2 percent in the third quarter, the Commerce Department said Thursday, in a...

Published 23 Dec, 2022 06:49am

Markets

Copper edges lower as Chinese COVID cases multiply

LONDON: Copper prices edged lower on Thursday as an accelerating wave of coronavirus infections in China, the ...

Published 23 Dec, 2022 05:54am

S&P cuts rating on weakening of several metrics

Rating agency states that Pakistan’s already low foreign exchange reserves would remain under pressure throughout 2023

Updated 23 Dec, 2022 09:04am

Editorials

Tougher times likely ahead for markets

EDITORIAL: Yesterday, S&P Global cut Pakistan’s long-term sovereign rating by one notch to “CCC+” from “B”. The...

Published 23 Dec, 2022 05:54am

Opinion

IMF, the ‘lifeline’ of Pakistan

Since the creation of Pakistan, its policy makers, politicians, and the rulers, all have been struggling to manage...

Published 22 Dec, 2022 05:57am

Business & Finance

SBP lowers FY23 growth forecast

KARACHI: Taking into account the destruction caused by floods and the policy focus on stabilization, the State Bank...

Published 22 Dec, 2022 05:57am

Revenue collection: PM toughens FY23 target regardless of import contraction

Prime Minister Shehbaz Sharif directs FBR to achieve revenue target of Rs7.6 trillion by June 30

Updated 20 Dec, 2022 09:40am

Business & Finance

Investment banks ramp up peak rates forecasts after hawkish ECB

LONDON: A flurry of investment banks raised their forecasts for where euro zone interest rates will peak, after the...

Published 19 Dec, 2022 07:27am

Business & Finance

ECB, BoE raise interest rates

LONDON: The European Central Bank and Bank of England raised its key interest rates on Thursday and indicated that...

Published 16 Dec, 2022 05:58am

Fed raises rates by half percentage point, sees economy nearing stall

WASHINGTON: The Federal Reserve raised interest rates by half a percentage point on Wednesday and projected at least...

Published 15 Dec, 2022 06:00am

BR Research

Oil’s topsy turvy ride

After spiking for some time, crude oil prices tumbled in early December on concerns of continued weakening of the...

Published 14 Dec, 2022 09:00am

Business & Finance

India’s industrial output drops to 26-month low as rate hike hits demand

NEW DELHI: India’s annual industrial output contracted 4% in October, its weakest performance in 26 months, after...

Published 13 Dec, 2022 07:40am

Business & Finance

UK economy rebounds in Oct

LONDON: Britain’s economy rebounded in October a little more strongly than expected from September when output was...

Published 13 Dec, 2022 07:38am

Business & Finance

ECB to raise scrutiny of banks’ credit risk, funding

FRANKFURT: The European Central Bank will increase scrutiny over how banks manage credit risk and diversify funding,...

Published 13 Dec, 2022 05:58am

World

Europe’s inflation problem will linger for years to come

FRANKFURT: Euro zone inflation may have peaked but will subside so slowly that it could be years before it gets back...

Published 12 Dec, 2022 07:31am

Markets

Wall Street Week Ahead: US stock rally faces gauntlet of CPI data, Fed meeting

NEW YORK: A double dose of potentially market-moving US events next week could set the tone for asset prices in the...

Published 12 Dec, 2022 06:07am

Opinion

World economy faces more pain in 2023 after a gloomy year

This was supposed to be the comeback year for the world economy following the Covid pandemic. Instead, 2022 was...

Published 08 Dec, 2022 06:29am

Poor countries’ debt servicing costliest: World Bank

NEW YORK: The poorest countries in the world now spend over a tenth of their export income to service external debt,...

Updated 07 Dec, 2022 09:47am

Business & Finance

ECB urged to raise interest rates

PARIS: The European Central Bank should raise interest rates by 50 basis points (bsp) on Dec 15, French central bank...

Published 05 Dec, 2022 05:47am

Business & Finance

Global central banks increase pace of rate hike in November

LONDON: The pace and scale of rate hikes delivered by central banks in November picked up speed again as policy...

Updated 05 Dec, 2022 06:45am

Markets

PSX witnesses bloodbath

KARACHI: Pakistan Stock Exchange Monday witnessed a bloodbath due to panic selling after ‘unexpected’ interest...

Published 29 Nov, 2022 05:57am

Opinion

There’s a need for belt-tightening measures

To market participants’ surprise, SBP (State Bank of Pakistan) has increased the policy rate by one percent (100...

Published 28 Nov, 2022 06:18am

Markets

Wall Street extends losses after Fed signals more rate hikes

NEW YORK: US stocks extended losses on Thursday as investors feared the Federal Reserve was far from signaling a ...

Published 04 Nov, 2022 05:56am

Business & Finance

Russian rouble strengthens

MOSCOW: The rouble strengthened on Friday, hovering between 61 and 62 to the dollar and showing limited reaction to...

Published 31 Oct, 2022 05:55am

Business & Finance

ECB raises interest rates again, cuts bank subsidies

FRANKFURT: The European Central Bank raised interest rates again on Thursday and put the reduction of its bloated...

Published 28 Oct, 2022 05:58am

Markets

US yields rise as interest rates seen moving higher

NEW YORK: Treasury yields on Friday edged higher after a red-hot US inflation report the prior day raised market...

Published 17 Oct, 2022 05:57am

Opinion

Dar should tread carefully

PML-N’s (Pakistan Muslim League-Nawaz’s) finance czar and rupee-stabiliser, Ishaq Dar, is back in the saddle....

Published 03 Oct, 2022 06:16am

Business & Finance

SECP empowered to take action against ‘digital lenders’

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) is empowered to take action against the digital...

Updated 27 Sep, 2022 09:43am

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

Business & Finance

Fed to raise interest rates to 4pc next year

NEW YORK: Wednesday’s consumer price index report showing US inflation didn’t accelerate in July was the first...

Published 11 Aug, 2022 04:35am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 30	278.40
USD PKR Interbank Buying / Apr 30	278.20
USD to Japanese Yen / May 1	155.98
USD to Swiss Franc / May 1	0.92
Pound Sterling to USD / May 1	1.25
Euro to USD / May 1	1.07

Stock	Volume
S&P 500 / May 1	5018.39
India Sensex / May 1	74482.78
Tokyo Nikkei / May 1	38093.34
Nasdaq / May 1	15605.48
Hang Seng / May 1	17763.03
FTSE 100 / May 1	8121.24
Dow Jones / May 1	37903.29
Germany DAX 30 / May 1	17932.17

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 30	20535
Gold 10 Grams PKR / Apr 30	207390
Crude Oil USD/Barrel / May 1	79.18
Gold Spot USD/Ounce / May 1	2324.96
Cotton US¢/pound / May 1	76.51
Petrol/Litre / May 2	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 2 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 2 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 2 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 2 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 2 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 2 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 2 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 2 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 2 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 2 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 2 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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