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 / Sep 29	277.32
USD PKR Interbank Buying / Sep 29	277.12
USD to Japanese Yen / Sep 30	157.03
USD to Swiss Franc / Sep 30	0.83
Pound Sterling to USD / Sep 30	1.32
Euro to USD / Sep 30	1.13
SOFR % / Sep 28	3.90

Stock	Volume
S&P 500 / Sep 29	7,670.84
Nasdaq / Sep 29	26,797.54
Dow Jones / Sep 29	51,349.92
India Sensex / Sep 30	72,729.39
Tokyo Nikkei / Sep 30	66,728.56
Hang Seng / Sep 30	24,534.37
FTSE 100 / Sep 30	10,714.17
Germany DAX 30 / Sep 30	25,546.29
France CAC40 / Sep 30	8,055.71

Item	Value
Karachi Cotton PKR/37.32 KG / Sep 29	18,780
Gold 10 Grams PKR / Sep 29	374,945
Crude Oil USD/Barrel / Sep 30	89.69
Gold Spot USD/Ounce / Sep 30	4,309.98
Cotton US¢/pound / Sep 30	79.18
Petrol/Litre / Oct 1	387.54
Diesel/Litre / Oct 1	402.24

Gainers
Losers
Leaders

Stock	Price
Colony Tex.Mills Ltd / Sep 30 Colony Textile Mills Limited(CTM)	7.26 ▲ 1 (15.97%)
Kohinoor Spinning / Sep 30 Kohinoor Spinning Mills Limited(KOSM)	5.73 ▲ 0.77 (15.52%)
Lse Spac-I Ltd. / Sep 30 Lse Spac-I Limited(SPAC1)	20.41 ▲ 1.86 (10.03%)
Tri-Star Mutual / Sep 30 Tri-Star Mutual Fund Limited(TSMF)	16.57 ▲ 1.51 (10.03%)
Sindh Modaraba / Sep 30 Sindh Modaraba(SINDM)	33.28 ▲ 3.03 (10.02%)
Ghazi Fabrics / Sep 30 Ghazi Fabrics International Limited(GFIL)	26.38 ▲ 2.4 (10.01%)
Asim Textile / Sep 30 Asim Textile Mills Limited(ASTM)	113.96 ▲ 10.36 (10%)
Dadex Eternit / Sep 30 Dadex Eternit Limited(DADX)	150.32 ▲ 13.67 (10%)
First Punjab Modaraba / Sep 30 First Punjab Modaraba(FPJM)	29.04 ▲ 2.64 (10%)
Oilboy Energy / Sep 30 Oilboy Energy Limited(OBOY)	18.59 ▲ 1.69 (10%)

Stock	Price
Ashfaq Textile / Sep 30 Ashfaq Textile Mills Limited(ASHT)	50.57 ▼ -5.62 (-10%)
Ghani Chemworld Limited(PRS) / Sep 30 Ghani Chemworld Limited(PRS)(GCWLPRS)	118.83 ▼ -13.16 (-9.97%)
Burj Clean Energy Modaraba / Sep 30 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	11.25 ▼ -1.15 (-9.27%)
The Thal Ind.Corp. / Sep 30 The Thal Industries Corporation Limited(TICL)	918.13 ▼ -92.07 (-9.11%)
Pakistan Services / Sep 30 Pakistan Services Limited(PSEL)	1,019.63 ▼ -99.15 (-8.86%)
Mandviwala / Sep 30 Mandviwala Mauser Plastic Industries(MWMP)	77.07 ▼ -7.14 (-8.48%)
S.G.Power / Sep 30 S.G. Power Limited(SGPL)	23.41 ▼ -1.84 (-7.29%)
D.M. Corporation / Sep 30 D.M. Corporation Limited(DMC)	165.33 ▼ -11.63 (-6.57%)
Cordoba Logistics / Sep 30 Cordoba Logistics & Ventures Limited(CLVL)	28.32 ▼ -1.94 (-6.41%)
EMCO Industries / Sep 30 Emco Industries Limited(EMCO)	32.10 ▼ -1.93 (-5.67%)

Stock	Volume
Pak Int.Bulk / Sep 30 Pakistan International Bulk Terminal(PIBTL)	73,446,994 ▲ 0.11
Kohinoor Spinning / Sep 30 Kohinoor Spinning Mills Limited(KOSM)	58,387,095 ▲ 0.77
Tasdeeq Info. Serv. / Sep 30 Tasdeeq Information Services Limited(TISL)	50,882,891 ▼ -0.09
Cnergyico PK / Sep 30 Cnergyico PK Limited(CNERGY)	28,308,841 ▲ 0.03
D.S. Ind. Ltd. / Sep 30 D.S. Industries Limited(DSIL)	21,823,804 ▲ 1.27
Arif Habib Corp / Sep 30 Arif Habib Corporation Limited(AHCL)	17,873,579 ▲ 0.1
Pak Refinery / Sep 30 Pakistan Refinery Limited(PRL)	17,817,038 ▲ 0.45
WorldCall Telecom / Sep 30 Worldcall Telecom Limited(WTL)	17,431,935 ▼ -0.01
S.G.Power / Sep 30 S.G. Power Limited(SGPL)	16,575,953 ▼ -1.84
F. Nat.Equities / Sep 30 First National Equities Limited(FNEL)	14,238,200 ▲ 0

Kwasi Kwarteng

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