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Tayyip Erdogan

Turkish lira hits new low after Erdogan's latest call for rate cuts

President points to July or August for monetary easing.
Bank governor seeks to ease investor concerns on call.
Political interference has eroded central bank credibility.
Currency shed 16% since last bank chief ousted in March.

Published 02 Jun, 2021 07:25pm

World

US and Turkish businesses urge presidents to rebuild ties

Tayyip Erdogan and Joe Biden are due to hold talks at a NATO summit on June 14, their first face-to-face meeting since Biden took office in January.
Given the current challenges caused by the global pandemic, we feel very strongly that this is a time to keep allies as allies rather than focus on differences.

Published 02 Jun, 2021 07:00pm

Pakistan

Pakistan highly values its ties with Turkey: Alvi

ISLAMABAD: President Dr Arif Alvi has said that Pakistan highly values its ties with Turkey as both the countries...

Published 02 Jun, 2021 04:29am

World

Turkey partly re-opens restaurants in latest covid-19 easing

President Tayyip Erdogan said the lighter measures, in response to falling cases, would go into effect Tuesday.

Updated 31 May, 2021 11:09pm

World

Turkey, Greece smooth relations after Ankara spat

Cavusoglu said Turkey wanted to pursue talks with Greece "without prerequisites and without terms," according to the official translation.

Published 31 May, 2021 05:15pm

Markets

Latam FX dips, Chile's peso rattled by Chinese metals crackdown

The Chilean peso fell 0.6pc to a near one-month low, tracking a decline in the prices of copper- the country's largest export.

Updated 26 May, 2021 12:43am

Pakistan

Israeli invasion of Gaza: Global and Regional Studies Centre, IoBM organise webinar

KARACHI: The Global and Regional Studies Centre organized a seminar on “The Israeli invasion of Gaza, the ...

Published 25 May, 2021 04:40am

World

Poland to become first NATO country to buy Turkish drones

WARSAW: Poland will buy 24 armed drones from Turkey, the Polish defence minister said on Saturday, becoming the ...

Published 23 May, 2021 03:06am

Pakistan

Palestine issue: Turkish president lauds Pakistan’s efforts

ANKARA: Turkish President Recep Tayyip Erdogan on Wednesday lauded Pakistan’s stance and efforts to highlight the...

Published 20 May, 2021 04:26am

World

Turkey rejects US claims of Erdogan's 'anti-Semitism'

The latest tensions could further sour the relationship between two NATO allies Turkey and the United States.

Published 19 May, 2021 04:47pm

Pakistan, Turkey discuss ways to bring an end to Israeli atrocities against Palestinians

FM Qureshi and FM Çavuşoğlu reaffirmed that the world had a collective responsibility in ensuring necessary steps to help address the dire situation in Palestine and restore peace.
Qureshi along with FMs of Turkey, Palestine and other countries, will be traveling to New York to participate in-person in a meeting of the UN General Assembly on the Palestine issue.

Published 19 May, 2021 09:31am

World

Turkey kills top Kurdish commander: Erdogan

ANKARA: President Recep Tayyip Erdogan said Monday that Turkish forces had killed a top Syrian Kurdish commander...

Updated 18 May, 2021 09:36am

World

Erdogan urges pope to help end Israel's 'massacre'

Erdogan told Pope Francis that "Palestinians will continue to be subjected to a massacre unless the international community punishes Israel... with sanctions", the Turkish presidency said.

Published 17 May, 2021 06:03pm

World

Prospects fading, Turkey hopes lockdown rescues tourism season

Early-season COVID-19 rise hit early bookings.
Lockdown through mid-May in part to rescue season.
Russia, top source of visitors, may extend flights ban.
Tourism minister: still possible to double 2020 arrivals.

Published 03 May, 2021 05:11pm

Business & Finance

IIF hikes Turkish lira ‘fair value’ view to 9.5 after selloff

ISTANBUL: The Institute of International Finance raised its “fair value” estimate for Turkey’s lira to 9.50...

Published 03 May, 2021 04:39am

World

Erdogan says Turkey expects more COVID-19 vaccine supplies soon

Turkey has so far been using vaccines developed by China's Sinovac Biotech Ltd and by Pfizer and BioNTech .
It has carried out nearly 23 million inoculations, with 13.7 million people, or 16% of the population, having received at least one dose.

Published 30 Apr, 2021 06:05pm

World

Erdogan says he does not expect results from next UN-led Cyprus talks

"I don't trust or believe in Greek Cypriots. They have never acted honestly," Erdogan told reporters after Friday prayers in Istanbul. "Now it's been pushed back 2-3 months, but I again don't believe any result will be achieved, because they are not honest," he said.

Published 30 Apr, 2021 05:06pm

World

Turkish court frees abused woman who killed husband

The verdict late Monday in the Mediterranean port city of Antalya delivered a rare victory for women's rights organisations in Turkey.

Published 27 Apr, 2021 04:03pm

World

Erdogan says Biden’s genocide recognition ‘destructive’

ANKARA: Turkey’s Recep Tayyip Erdogan on Monday denounced US President Joe Biden’s recognition of the Armenian...

Updated 27 Apr, 2021 10:08am

Markets

Turkish lira nears record low, rattled by US ties and rates policy

"Everything that we conduct with the United States will be under the spell of this very unfortunate statement," he said in an interview on Sunday.

Published 26 Apr, 2021 01:06pm

World

Biden, Erdogan agree to meet at NATO summit in June: White House

Biden is expected to formally recognize the massacre of Armenians by the Ottoman Empire during World War One as an act of genocide, but the statement made no mention of the issue.

Published 23 Apr, 2021 11:13pm

World

Erdogan sacks minister in row over family contracts

The stories accused Pekcan of awarding two companies run by her husband contracts for the purchase of disinfectant products worth nine million liras.

Published 21 Apr, 2021 03:50pm

Business & Finance

Erdogan adviser says central bank unlikely to cut rates early in Turkey

Erdogan has long called for lower rates and abruptly fired the last three bank chiefs in less than two years, including Naci Agbal on March 20. Analysts say the bank's credibility is tarnished given Erdogan's outsized influence on monetary policy.
"I do not think the central bank or the governor knows when they will cut the policy rate, since they will act according to the data. I think it is early to make a comment on rate cuts before seeing the inflation data," said Ertem.

Published 16 Apr, 2021 08:06pm

Business & Finance

Turkish central bank holds rates, drops policy pledge under new chief

In a statement, the bank also ditched last month's pledge to "decisively" maintain a tight monetary policy "for an extended period" to address inflation, which has risen above 16% and been in double-digits for most of the last four years.
The lira slipped as much as 0.7% to 8.125 versus the dollar after the bank under new governor Sahap Kavcioglu replaced the hawkish guidance with a softer assessment of risks to inflation that analysts said signalled interest rate cuts were on the way.

Published 15 Apr, 2021 06:02pm

Business & Finance

Turkey's central bank holds interest rate at 19pc under new chief

The lira held steady against the dollar minutes after the decision was announced, but economists said the central bank was opening the door to future rate cuts.

Published 15 Apr, 2021 04:39pm

World

Erdogan fires back at Draghi over ‘dictator’ comment

ISTANBUL: Turkish President Recep Tayyip Erdogan on Wednesday slammed Italian Prime Minister Mario Draghi for ...

Updated 15 Apr, 2021 10:09am

World

Turkey logs 59,187 new coronavirus cases in last 24 hours, an all time high

The data also showed 273 people had lost their lives due to COVID-19 in the same period, bringing the total death toll to 34,455.

Updated 14 Apr, 2021 12:03am

World

Erdogan says Turkey remains committed to full EU membership

Erdogan has downplayed EU membership in recent years as the bloc has ramped up criticism of Ankara's foreign policy and rights record, and dangled the threat of EU sanctions.

Updated 14 Apr, 2021 12:01am

World

Turkey adopts 'partial closure' for Ramadan as virus surges

The new measures will go into effect on Wednesday night and the steps would be re-evaluated in two weeks.

Updated 14 Apr, 2021 12:01am

World

Russia restricts flights to Turkey amid COVID-19 surge, political tensions

The decision to drastically cut the number of flights to Turkey, which is heavily reliant on foreign tourists as a source of income, comes against the backdrop of tensions over Ukraine.

Updated 13 Apr, 2021 12:09am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 3	278.23
USD PKR Interbank Buying / May 3	278.03
USD to Japanese Yen / May 3	152.98
USD to Swiss Franc / May 3	0.91
Pound Sterling to USD / May 3	1.26
Euro to USD / May 3	1.07

Stock	Volume
S&P 500 / May 1	5018.39
Nasdaq / May 1	15605.48
Dow Jones / May 1	37903.29
Tokyo Nikkei / May 2	38236.07
FTSE 100 / May 2	8149.68
Germany DAX 30 / May 2	17906.01
France CAC40 / May 2	7916.49
India Sensex / May 3	74412.88

Item	Value
Karachi Cotton PKR/37.32 KG / May 2	20000
Gold 10 Grams PKR / May 2	206619
Petrol/Litre / May 3	288.49
Crude Oil USD/Barrel / May 3	79.12
Gold Spot USD/Ounce / May 3	2308.69
Diesel/Litre / May 3	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 3 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 3 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 3 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 3 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 3 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 3 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 3 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 3 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 3 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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Tayyip Erdogan

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