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OECD

OECD sees higher world GDP growth but fears 'headwinds'

The world economy will expand by 5.8 percent this year, the highest since 1973 and up from a previous estimate of 5.6 percent.

Published 31 May, 2021 05:46pm

World

OECD raises growth forecasts on vaccine rollouts, US stimulus

Buoyed by a multi-trillion-dollar stimulus plan, the US economy was seen growing 6.9% this year, the OECD said, up from a previous forecast of 6.5%. It is expected to expand 3.6% in 2022, down from a 4.0% forecast in March.

Published 31 May, 2021 02:29pm

Markets

US Treasury floats global corporate tax of at least 15%

It proposed the global minimum tax as a way to minimize the impact of a higher US tax rate on the competitiveness of American companies and deter them from shifting operations or profits to lower-tax jurisdictions.

Published 21 May, 2021 02:06pm

Opinion

Helping pandemic-hit developing countries

To help developing countries grappling with the Covid-19 crisis, official donors increased foreign aid to an ...

Published 19 May, 2021 06:00am

Business & Finance

US voices 'concern' at proposed Canadian tax on tech giants

The US representative and the Canadian minister also discussed the protracted litigation over Canadian lumber. Washington believes that this wood is sold below the market price to promote exports.

Published 18 May, 2021 09:57am

World

Chileans vote for body to rewrite dictatorship-era constitution

SANTIAGO: Chileans went to the polls Saturday to elect 155 people who will re-write the country's dictatorship-era...

Updated 16 May, 2021 10:40am

Amazon wins EU court appeal

LUXEMBOURG: Amazon scored a major legal victory on Wednesday when an EU court annulled an order from the bloc's...

Published 13 May, 2021 03:10am

OECD urges hiking succession tax to reverse inequality

PARIS: Rising financial inequality can be tackled and public finances improved at the same time by hiking...

Published 12 May, 2021 04:23am

Opinion

Restructuring of tax system: a blueprint

“A comprehensive strategy had been formulated to shift the gear and move to higher economic growth. I do not...

Published 07 May, 2021 04:35am

ADB launches Asia Pacific Tax Hub

ISLAMABAD: The Asian Development Bank (ADB) has launched an Asia Pacific Tax Hub to create an open and inclusive...

Published 04 May, 2021 04:26am

Opinion

MLIs: Notes on underlying concepts

Multilateral Convention to Implement Tax Treaty-Related Measures to Prevent Base Erosion and Profit Shifting (BEPS)...

Published 21 Apr, 2021 03:21am

Goodbye oil glut thanks to OPEC+ and recovery: IEA

PARIS: A glut in global oil markets is being worked off as the world economy begins to recover from the Covid-19...

Published 15 Apr, 2021 03:22am

Business & Finance

IMF, World Bank begin push to swap debt relief for green projects

Their heavily tourism-dependent economies have seen revenues dry up as the coronavirus pandemic severely curtails world travel.

Updated 11 Apr, 2021 05:52pm

G20 extends debt-servicing freeze for poorer nations

ROME: World finance chiefs agreed on Wednesday to boost reserves at the International Monetary Fund by $650 billion...

Published 08 Apr, 2021 04:10am

FBR enforces convention to prevent profit shifting

ISLAMABAD: The Federal Board of Revenue (FBR) has enforced from April 1, 2021 multinational convention to implement...

Published 03 Apr, 2021 03:41am

World

UN chief calls for more pandemic debt relief for poorer nations

UNITED NATIONS: UN Secretary-General Antonio Guterres called Monday for greater debt relief and new creative...

Published 31 Mar, 2021 05:42am

Business & Finance

US trade chief readies tariffs against six countries over digital taxes

WASHINGTON: US Trade Representative Katherine Tai on Friday said she was maintaining the threat of US tariffs on...

Published 31 Mar, 2021 05:42am

Markets

Swiss Re to phase out reinsuring coal by 2040

The announcement comes as insurers face climate-related losses and get to grips with climate risk in their portfolios.
As an interim step, Swiss Re said it would phase out coal exposure by 2030 for those countries belonging to the Organisation for Economic Co-operation and Development (OECD).

Published 16 Mar, 2021 09:38pm

Business & Finance

Canadian telecoms giant Rogers buys up rival Shaw for Can$26bn

That is 70 percent higher than the recent share price, Rogers said in a joint statement with its rival.

Published 16 Mar, 2021 10:31am

Australia’s former finance minister named OECD chief

PARIS: Australian former finance minister Mathias Cormann was elected Friday as the new head of the influential...

Published 13 Mar, 2021 04:28am

BR Research

On global digital tax

For years now, developed countries have been divided over how to regulate the big tech. Whether and how to tax...

Published 12 Mar, 2021 07:40am

Markets

Oil dips after surge in US crude inventories

NEW YORK: Oil prices fell on Wednesday after a large jump in US crude inventories in the aftermath of last month’s...

Published 11 Mar, 2021 05:25am

China pioneers ‘virus passports’

BEIJING: China has launched a system of so-called "virus passports" to kickstart international travel, as Russia...

Published 10 Mar, 2021 04:59am

Vaccines, US stimulus boost global GDP forecast: OECD

PARIS: The OECD sharply raised its 2021 global growth forecast on Tuesday as the deployment of vaccines and a huge ...

Published 10 Mar, 2021 04:59am

World

OECD hikes 2021 world growth forecast to 5.6pc on vaccine, stimulus rollout

It said the "top policy priority" is to deploy vaccines as quickly as possible, to save lives as well as to speed economic recovery.

Published 09 Mar, 2021 05:41pm

Business & Finance

Vaccines, US stimulus boost global GDP forecast: OECD

The OECD now sees the US economy climbing by 6.5 percent this year, an increase of 3.3 percentage points from its previous forecast.

Published 09 Mar, 2021 05:39pm

Markets

Australia economy shrinks 1.1% in 2020

Australia's central bank this week predicted the economy will return to pre-pandemic levels by mid-2021, far earlier than previously forecast.

Published 03 Mar, 2021 11:06am

Opinion

‘Time to dust off’ Keynesian theory

The world economy seems to be coming out of the pandemic largely unscathed. According the latest OECD trade report,...

Published 03 Mar, 2021 05:49am

Opinion

The dark side of first world’s prosperity

‘Behind every great fortune lies a great crime’, so said the French novelist of 18th century, Honore de Balzac...

Published 27 Jan, 2021 04:59am

World

Yellen says Biden to use all tools against China trade abuses

WASHINGTON: The incoming administration of President-elect Joe Biden will use all available tools to address...

Updated 20 Jan, 2021 09:51am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 29	278.53
USD PKR Interbank Buying / Apr 29	278.03
USD to Japanese Yen / Apr 29	156.41
USD to Swiss Franc / Apr 29	0.91
Pound Sterling to USD / Apr 29	1.25
Euro to USD / Apr 29	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Dow Jones / Apr 26	38239.66
India Sensex / Apr 29	74257.68
Hang Seng / Apr 29	17861.75
FTSE 100 / Apr 29	8179.85
Germany DAX 30 / Apr 29	18202.27

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Crude Oil USD/Barrel / Apr 29	83.16
Gold 10 Grams PKR / Apr 29	209105
Gold Spot USD/Ounce / Apr 29	2332.70
Cotton US¢/pound / Apr 29	82.15
Petrol/Litre / Apr 30	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 30 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 30 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 30 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 30 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 30 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 30 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 30 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 30 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 30 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 30 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 30 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 30 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 30 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 30 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 30 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 30 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 30 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 30 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 30 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 30 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 30 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 30 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 30 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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