Topic

Kwasi Kwarteng

UK politicians caught in sting operation about second jobs

Published 27 Mar, 2023 07:18am

LONDON: A senior British minister on Sunday defended former cabinet colleagues after they were shown negotiating...

Britain’s ex-finance minister Kwarteng told Truss to ‘slow down’ tax cuts

Published 11 Nov, 2022 11:01am

LONDON: Britain’s former finance minister in Liz Truss’s short-lived government said in an interview Thursday he had...

UK PM fights for survival in first parliament questions since U-turns

Published 19 Oct, 2022 10:55am

LONDON: British Prime Minister Liz Truss is set to address lawmakers in parliament on Wednesday for the first time...

UK parliament speaker grants urgent question on Kwarteng sacking

Published 17 Oct, 2022 05:55pm

Leader of the House of Commons Penny Mordaunt will on Monday answer an urgent question in parliament on the sacking...

UK finance minister seeks to stem bond rout by rushing forward tax plan

Published 17 Oct, 2022 12:35pm

LONDON: New British finance minister Jeremy Hunt, seeking to stem a dramatic loss of confidence among investors in...

European shares gain

Published 17 Oct, 2022 05:57am

LONDON: European shares gained on Friday marking an upbeat end to the week, helped by an initial boost after the...

Good day for UK gilts turns bad after PM Truss gives statement

Published 17 Oct, 2022 05:57am

LONDON: Bond investors were unconvinced by British Prime Minister Liz Truss’s partial reversal of her economic ...

Biden calls UK PM’s abandoned tax cut plan a ‘mistake’

Published 16 Oct, 2022 10:56am

PORTLAND: US President Joe Biden on Saturday dubbed right-wing British Prime Minister Liz Truss’s abandoned tax cut...

New UK finance minister tears up tottering PM’s agenda

Published 16 Oct, 2022 10:36am

LONDON: Britain’s new finance minister Jeremy Hunt warned Saturday of looming tax hikes as he dramatically reversed...

UK’s Truss sacrifices her finance minister

Updated 15 Oct, 2022 09:41am

LONDON: British Prime Minister Liz Truss fired her finance minister Kwasi Kwarteng on Friday and scrapped parts of...

UK PM Liz Truss's news conference after finance minister sacked

Updated 14 Oct, 2022 08:16pm

LONDON: British Prime Minister Liz Truss fired her finance minister Kwasi Kwarteng on Friday and scrapped parts of...

UK’s Truss has fired Kwarteng

Published 14 Oct, 2022 05:44pm

LONDON: British Prime Minister Liz Truss fired her finance minister Kwasi Kwarteng on Friday, the BBC reported,...

UK corporation tax set to rise to 25%

Published 14 Oct, 2022 05:34pm

Britain’s corporation tax will rise to 25% this April, the Daily Telegraph reported on Friday, in a second...

UK finance minister says ‘not going anywhere’ amid talk of new U-turns

Published 14 Oct, 2022 09:57am

LONDON: Britain’s beleaguered finance minister insisted Thursday he was safe in his job but endured a rebuke in...

BoE doubles potential bond buy-backs

Published 11 Oct, 2022 05:54am

LONDON: The Bank of England sought to ease concerns about this week’s expiry of its programme designed to calm...

BoE doubles size of bond buy-backs as emergency plan nears expiry

Published 10 Oct, 2022 01:08pm

LONDON: The Bank of England moved to ease concerns about the expiry at the end of this week of its emergency...

UK’s Truss forced into U-turn on tax after week of market turmoil

Published 04 Oct, 2022 05:55am

BIRMINGHAM, (England): British Prime Minister Liz Truss was forced on Monday into a humiliating U-turn after less...

UK drops tax cut for top earners in budget U-turn

Published 03 Oct, 2022 12:15pm

LONDON: Britain on Monday scrapped plans to axe its top income tax rate just 10 days after a debt-driven budget...

Under water: how the Bank of England threw markets a lifeline

Published 03 Oct, 2022 06:16am

Calls to the Bank of England saying some British pension funds were struggling to meet margin calls began on Monday....

UK's Kwarteng favours outsider to run finance ministry, newspapers say

Published 02 Oct, 2022 11:14pm

LONDON: New British finance minister Kwasi Kwarteng plans to name a civil servant who is a Treasury outsider to run...

UK’s Starmer to insist Labour fit to govern as crisis rocks govt

Published 27 Sep, 2022 10:52am

LIVERPOOL: Labour leader Keir Starmer will argue Tuesday his once-fractured party is ready to lead Britain out of...

Two-year yields highest since 2007

Published 26 Sep, 2022 06:07am

NEW YORK: Two-year yields hit 15-year highs on Friday and the yield curve inversion deepened as investors fretted...

Britain’s new vision leaves onlookers with nightmares

Updated 25 Sep, 2022 06:47am

Britain’s new economic agenda represents the biggest gamble for growth in a major Western democracy in at least 40...

Britain bets all on historic tax cuts and borrowing, investors take fright

Published 23 Sep, 2022 05:01pm

LONDON: Britain’s new finance minister Kwasi Kwarteng unleashed historic tax cuts and huge increases in borrowing on...

Britain unveils anti-inflation budget as recession looms

Published 23 Sep, 2022 09:58am

LONDON: The UK’s new government unveils Friday multibillion-pound measures aimed at supporting households and...

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 20	278.15
USD PKR Interbank Buying / Jul 20	277.95
USD to Japanese Yen / Jul 20	162.52
USD to Swiss Franc / Jul 20	0.81
Pound Sterling to USD / Jul 20	1.34
Euro to USD / Jul 20	1.14
SOFR % / Jul 20	3.62

Stock	Volume
S&P 500 / Jul 20	7,443.28
India Sensex / Jul 20	77,708.52
Tokyo Nikkei / Jul 20	64,141.12
Nasdaq / Jul 20	25,508.07
Hang Seng / Jul 20	25,143.05
FTSE 100 / Jul 20	10,524.76
Dow Jones / Jul 20	51,839.26
Germany DAX 30 / Jul 20	24,846.69
France CAC40 / Jul 20	8,340.11

Item	Value
Crude Oil USD/Barrel / Jul 20	83.17
Karachi Cotton PKR/37.32 KG / Jul 20	18,880
Gold 10 Grams PKR / Jul 20	363,971
Gold Spot USD/Ounce / Jul 20	4,017.31
Cotton US¢/pound / Jul 20	78.92
Petrol/Litre / Jul 21	316.15
Diesel/Litre / Jul 21	354.35

Gainers
Losers
Leaders

Stock	Price
Asia Ins. / Jul 20 Asia Insurance Company Limited(ASIC)	37.90 ▲ 3.45 (10.01%)
TPL Insurance / Jul 20 TPL Insurance Limited(TPLI)	64.08 ▲ 5.83 (10.01%)
Ahmad Hassan / Jul 20 Ahmad Hassan Textile Mills Limited(AHTM)	100.21 ▲ 9.11 (10%)
Baba Farid Sugar / Jul 20 Baba Farid Sugar Mills Limited(BAFS)	460.42 ▲ 41.86 (10%)
Crescent Cotton / Jul 20 Crescent Cotton Mills Limited(CCM)	59.05 ▲ 5.37 (10%)
National Silk / Jul 20 The National Silk & Rayon Mills Limited(NSRM)	299.43 ▲ 27.22 (10%)
Olympia Mills / Jul 20 Olympia Mills Limited(OML)	118.34 ▲ 10.76 (10%)
Pak Refinery / Jul 20 Pakistan Refinery Limited(PRL)	49.05 ▲ 4.46 (10%)
Husein Industries / Jul 20 Husein Industries Limited(HUSI)	55 ▲ 5 (10%)
Leather Up Ltd. / Jul 20 Leather Up Limited(LEUL)	45.98 ▲ 4.18 (10%)

Stock	Price
Khairpur Sug. / Jul 20 Khairpur Sugar Mills Limited(KPUS)	1,684.32 ▼ -187.15 (-10%)
Service Textile / Jul 20 Service Industries Textiles Limited(SERT)	56.04 ▼ -6.23 (-10%)
S.G.Power / Jul 20 S.G. Power Limited(SGPL)	87.83 ▼ -9.76 (-10%)
Maqbool Textile / Jul 20 Maqbool Textile Mills Limited(MQTM)	33.43 ▼ -3.71 (-9.99%)
Ideal Dynamics / Jul 20 Ideal Dynamics Limited(IDEAL)	49.50 ▼ -5.25 (-9.59%)
Fateh Sports / Jul 20 Fateh Sports Wear Limited(FSWL)	136.39 ▼ -13.9 (-9.25%)
Buxly Paints / Jul 20 Buxly Paints Limited(BUXL)	173.04 ▼ -16.9 (-8.9%)
ARM Green Industries / Jul 20 ARM Green Industries Limited(ARMG)	64.63 ▼ -6.07 (-8.59%)
Elahi Cotton / Jul 20 Elahi Cotton Mills Limited(ELCM)	216.01 ▼ -20.08 (-8.51%)
Metro Steel / Jul 20 Metropolitan Steel Corporation Limited(MSCL)	22.03 ▼ -2.02 (-8.4%)

Stock	Volume
Cnergyico PK / Jul 20 Cnergyico PK Limited(CNERGY)	166,059,814 ▲ 0.8
Pak Refinery / Jul 20 Pakistan Refinery Limited(PRL)	49,159,104 ▲ 4.46
TPL Properties / Jul 20 TPL Properties Limited(TPLP)	38,436,785 ▲ 0.41
Trust Sec.& Brok. / Jul 20 Trust Securities & Brokerage Limited(TSBL)	36,283,729 ▲ 0.15
K-Electric Ltd. / Jul 20 K-Electric Limited(KEL)	27,615,297 ▼ -0.07
Lotte Chemical / Jul 20 Lotte Chemical Pakistan Limited(LOTCHEM)	17,575,908 ▲ 0.54
WorldCall Telecom / Jul 20 Worldcall Telecom Limited(WTL)	15,089,114 ▲ 0
B.O.Punjab / Jul 20 The Bank of Punjab(BOP)	14,202,726 ▲ 0.01
Maple Leaf Cement / Jul 20 Maple Leaf Cement Factory Limited(MLCF)	13,521,739 ▲ 0.86
F. Nat.Equities / Jul 20 First National Equities Limited(FNEL)	13,125,536 ▲ 0.01

Kwasi Kwarteng

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