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 / Jun 4	278.62
USD PKR Interbank Buying / Jun 4	278.42
USD to Japanese Yen / Jun 4	160
USD to Swiss Franc / Jun 4	0.79
Pound Sterling to USD / Jun 4	1.34
Euro to USD / Jun 4	1.16
SOFR % / Jun 4	3.63

Stock	Volume
S&P 500 / Jun 4	7,584.31
India Sensex / Jun 4	74,360.01
Tokyo Nikkei / Jun 4	67,470.69
Nasdaq / Jun 4	26,830.96
Hang Seng / Jun 4	25,253.40
FTSE 100 / Jun 4	10,332.30
Dow Jones / Jun 4	51,561.93
Germany DAX 30 / Jun 4	24,944.95
France CAC40 / Jun 4	8,244.29

Item	Value
Crude Oil USD/Barrel / Jun 4	92.89
Gold 10 Grams PKR / Jun 4	402,335
Gold Spot USD/Ounce / Jun 4	4,470.19
Cotton US¢/pound / Jun 4	78.49
Petrol/Litre / Jun 5	381.78
Diesel/Litre / Jun 5	380.78

Gainers
Losers
Leaders

Stock	Price
First Dawood Prop. / Jun 4 First Dawood Properties Limited(FDPL)	5.19 ▲ 0.62 (13.57%)
Azgard Nine (Non-Voti) / Jun 4 Azgard Nine (Non-Voti)(ANLNV)	8.40 ▲ 0.97 (13.06%)
Escorts Bank / Jun 4 Escorts Investment Bank Limited(ESBL)	13.59 ▲ 1.24 (10.04%)
First IBL Mod. / Jun 4 First IBL Modaraba(FIBLM)	11.41 ▲ 1.04 (10.03%)
Ruby Textile / Jun 4 Ruby Textile Mills Limited(RUBY)	18.67 ▲ 1.7 (10.02%)
Tri-Star Power / Jun 4 Tri-Star Power Limited(TSPL)	15.38 ▲ 1.4 (10.01%)
Ansari Sug. / Jun 4 Ansari Sugar Mills Limited(ANSM)	15.72 ▲ 1.43 (10.01%)
Grays Leasing / Jun 4 Grays Leasing Limited(GRYL)	22.98 ▲ 2.09 (10%)
Ideal Spinning / Jun 4 Ideal Spinning Mills Limited(IDSM)	79.73 ▲ 7.25 (10%)
Kohat Textile / Jun 4 Kohat Textile Mills Limited(KOHTM)	90.73 ▲ 8.25 (10%)

Stock	Price
Crescent Cotton / Jun 4 Crescent Cotton Mills Limited(CCM)	36.91 ▼ -2.69 (-6.79%)
Ghazi Fabrics / Jun 4 Ghazi Fabrics International Limited(GFIL)	32 ▼ -2.25 (-6.57%)
Shams Textile / Jun 4 Shams Textile Mills Limited(STML)	39.03 ▼ -2.58 (-6.2%)
Aisha Steel(ConPS) / Jun 4 Aisha Steel(ConPS)(ASLPS)	28.06 ▼ -1.72 (-5.78%)
Ashfaq Textile / Jun 4 Ashfaq Textile Mills Limited(ASHT)	33.25 ▼ -1.89 (-5.38%)
Mughal Energy / Jun 4 Mughal Energy Limited(GEM)(GEMMEL)	21.30 ▼ -1.18 (-5.25%)
Shadman Cotton / Jun 4 Shadman Cotton Mills Limited(SHCM)	47.43 ▼ -2.45 (-4.91%)
Premier Sugar / Jun 4 The Premier Sugar Mills(PMRS)	423.01 ▼ -20.78 (-4.68%)
Gulistan Sp. / Jun 4 Gulistan Spinning Mills Limited(GUSM)	7.06 ▼ -0.32 (-4.34%)
First AL-Noor Mod. / Jun 4 First Al-Noor Modaraba(FANM)	6.60 ▼ -0.28 (-4.07%)

Stock	Volume
Beco Steel Ltd / Jun 4 Beco Steel Limited(BECO)	112,742,147 ▲ 0.26
Pak Int.Bulk / Jun 4 Pakistan International Bulk Terminal(PIBTL)	32,085,063 ▲ 0.65
WorldCall Telecom / Jun 4 Worldcall Telecom Limited(WTL)	30,602,865 ▼ -0.01
Hascol Petrol / Jun 4 Hascol Petroleum Limited(HASCOL)	29,547,446 ▲ 0.88
TPL Properties / Jun 4 TPL Properties Limited(TPLP)	22,915,829 ▲ 0.56
P.T.C.L. / Jun 4 Pakistan Telecommunication Company Ltd(PTC)	21,952,752 ▲ 2.38
Dewan Cement / Jun 4 Dewan Cement Limited(DCL)	21,604,812 ▲ 0.03
Kohinoor Spinning / Jun 4 Kohinoor Spinning Mills Limited(KOSM)	20,173,269 ▼ -0.13
Maple Leaf Cement / Jun 4 Maple Leaf Cement Factory Limited(MLCF)	18,998,070 ▲ 1.39
B.O.Punjab / Jun 4 The Bank of Punjab(BOP)	18,802,886 ▲ 0.24

Kwasi Kwarteng

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