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Turkey economy

Turkey inflation hits new 24-year high of 83% after rate cuts

ISTANBUL: Turkish annual inflation climbed to a new 24-year high of 83.45% in September, data showed on Monday,...

Published 03 Oct, 2022 06:53pm

Business & Finance

Turkey sees inflation at 65pc at 2022 end, C/A deficit at $47.3bn

ISTANBUL, Sept 4 (Reuters) - Turkey expects inflation to ease to 65% by the end of the year from nearly 80% in July,...

Published 05 Sep, 2022 07:34am

World

Turkish central bank nearly doubles 2022 inflation forecast to 42.8%

ISTANBUL: Turkey’s annual inflation will peak at around 70% by June before declining to near 43% by year-end, the...

Published 28 Apr, 2022 05:23pm

Business & Finance

Lira logs worst year in two decades under Erdogan

ANKARA: Turkey’s lira has logged its worst year since President Tayyip Erdogan came to power nearly two decades...

Published 03 Jan, 2022 06:42am

Business & Finance

Turkey has burst its forex bubble with latest measures: Erdogan

ISTANBUL: Turkey’s President Tayyip Erdogan said on Friday the government had burst a bubble in the foreign...

Published 25 Dec, 2021 05:02am

Business & Finance

Turkey expected to sell $2.5bn in 5-year sukuk

It set the yield for the Turkish sukuk at 5.125%, tightened from an initial price guidance of around 5.5%, the document from one of the banks on the deal showed.

Published 15 Jun, 2021 07:45pm

World

Turkey to streamline monthly labour market data

The agency will publish data for the first two months of the year at the same time in April, as well as comparable series, according to the new definitions and methodology.
The last published labour data showed Turkey's unemployment rate ticked up to 12.9% in the October-December period.

Published 22 Feb, 2021 06:08pm

Markets

Lira gains will ease Turkish inflation but pressures remain

Speaking in an online presentation of the bank's quarterly inflation update.

Published 28 Jan, 2021 01:10pm

Business & Finance

Facebook says starts process of appointing Turkey representative

The law allows authorities to remove content from platforms, rather than blocking access as they did in the past.
"We will withdraw the representative if we face pressure on either," the company said in a statement.

Published 18 Jan, 2021 06:53pm

Markets

Turkey announces $18.5bn public investment programme for 2021

$6 billion for public investments in the transportation and communication sectors in 2021, and another $2.6 billion for education projects.
Under the programme, Turkey's Transport and Infrastructure Ministry will receive some $2 billion.

Published 16 Jan, 2021 07:12pm

World

Greece seeks to send 1,450 migrants back to Turkey

Migrant returns to Turkey, under a 2016 EU-Turkey agreement, largely dried up last year due to the coronavirus crisis.
We expect Turkey to step up its efforts ... First, to prevent the passage of boats departing from its shores bound for our country and European Union. And second to accept the return of migrants.

Published 14 Jan, 2021 05:38pm

World

Erdogan says Turkey to target price stability, reforms

Ankara had set a growth target of 0.5% in 2020. Erdogan has also pledged a series of judicial and economic reforms to draw in investments, aiming to alleviate Turkey's recent economic woes.

Published 11 Jan, 2021 09:58pm

Markets

Turkish lira's real effective exchange rate at 62.34 in Dec

November's number was revised as 60.45, the lowest level on record.
The rate, announced by the central bank, measures the weighted average of domestic prices relative to those of Turkey's trading partners.

Published 05 Jan, 2021 07:46pm

World

Turkey eyes 25mn foreign visitors in 2021, tourism officials say

Tourism industry sources say it will take at least two years for the number of arrivals to reach the levels before the pandemic.
The number of foreign visitors to Turkey in 2019 was 45.06 million; tourism revenues stood at $34.5 billion.

Published 05 Jan, 2021 05:15pm

World

Turkey targets tax and price rises to lessen inflationary impact

Inflation ended 2020 above government forecasts at 14.6%, mainly due to a sharp decline in the lira and surging food prices.
Bankers said the government, in a departure from previous years, is hiking taxes and prices on items that account for only a small portion of the inflation basket.

Published 05 Jan, 2021 04:59pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 26	278.40
USD PKR Interbank Buying / Jul 26	278.20
USD to Japanese Yen / Jul 26	153.77
USD to Swiss Franc / Jul 26	0.88
Pound Sterling to USD / Jul 26	1.29
Euro to USD / Jul 26	1.09

Stock	Volume
S&P 500 / Jul 25	5,399.22
Nasdaq / Jul 25	17,181.72
Dow Jones / Jul 25	39,935.07
India Sensex / Jul 26	80,709.64
Tokyo Nikkei / Jul 26	37,865.35
Hang Seng / Jul 26	17,058.55
FTSE 100 / Jul 26	8,255.78
Germany DAX 30 / Jul 26	18,346.62

Item	Value
Crude Oil USD/Barrel / Jul 26	78.38
Karachi Cotton PKR/37.32 KG / Jul 26	17,035
Gold 10 Grams PKR / Jul 26	215,621
Gold Spot USD/Ounce / Jul 26	2,374.19
Cotton US¢/pound / Jul 26	68.62
Petrol/Litre / Jul 27	275.60

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jul 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jul 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jul 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jul 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jul 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jul 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jul 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jul 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jul 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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