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UK GDP

UK economy falls into recession

LONDON: Britain’s economy fell into a recession in the second half of 2023, a tough backdrop ahead of this ...

Published 16 Feb, 2024 06:02am

World

UK food price inflation to be 9% in December, industry researcher cautions

LONDON: Food price inflation in Britain will decline through the balance of 2023 but will still be about 9% in...

Published 13 Jul, 2023 06:07pm

Business & Finance

Inflation-fighting Bank of England eyes 12th rate hike

LONDON: The Bank of England is forecast Thursday to deliver its twelfth straight interest rate hike as it seeks to...

Published 11 May, 2023 11:24am

Business & Finance

UK recession risks persist despite brighter growth data

LONDON: The UK economy performed slightly better than thought in the final quarter of last year, revised data showed...

Published 03 Apr, 2023 07:35am

World

UK economy shows unexpected pep in February

LONDON: Britain looks on course to sidestep a forecast recession as businesses reported an unexpected bounce in...

Published 21 Feb, 2023 03:49pm

Markets

UK sells 1.5bn pounds of 50-year inflation-linked debt

LONDON: Britain sold 1.5 billion pounds ($1.78 billion) of a 50-year index-linked bond on Tuesday, after receiving...

Published 22 Nov, 2022 06:47pm

Business & Finance

Sterling set for biggest daily gain since 2017

LONDON: Sterling was set for its biggest daily gain since January 2017 against a weakening US dollar on Thursday...

Published 11 Nov, 2022 05:54am

World

What next for UK economy as Boris Johnson quits?

LONDON: The resignation of Prime Minister Boris Johnson deepens the uncertainty hanging over Britain’s economy,...

Published 07 Jul, 2022 05:21pm

Markets

UK announces 25% windfall tax on energy producers’ profits

LONDON: Britain announced a 25% windfall tax on oil and gas producers’ profits on Thursday, alongside a 15 billion...

Published 26 May, 2022 05:45pm

World

Britain launches free trade deal talks with Mexico

LONDON: Britain on Friday said it was launching talks over a free trade deal with Mexico, looking to add services to...

Published 20 May, 2022 05:05pm

Business & Finance

Sterling shrugs off weaker-than-expected UK GDP

LONDON: Sterling edged higher on Wednesday as traders shrugged off data showing weaker-than-expected economic growth...

Published 14 Oct, 2021 04:14am

Business & Finance

BoE's Vlieghe sees rates rising in 2022 if economy recovers

BoE's Vlieghe sees a first rate rise "well into" 2022.
Strong Q1 2022 labour data could bring hike soon after.
Sterling and bond yields rise after Vlieghe's remarks.

Published 27 May, 2021 06:41pm

World

UK factories boom but bottlenecks pushing up prices: CBI

The Confederation of British Industry's industrial orders balance - measuring the proportion of firms reporting order volumes above or below normal - rose to +17 from -8 in April.
Overall output growth over the past three months was the highest since December 2018 and represented the first material growth in almost two years, the CBI said.

Updated 20 May, 2021 05:35pm

Business & Finance

Sterling hurt by stronger dollar, still near highs

LONDON: The pound fell after higher-than-expected US inflation data prompted the dollar to strengthen on Wednesday,...

Published 13 May, 2021 03:10am

World

UK shopper numbers fell 3.4pc last week as reopening surge waned

It said shopper numbers, or footfall, fell 0.8% from the previous week on high streets, 3.5% in retail parks and 8.4% in shopping centres.
Footfall last week was 19.9% below the 2019 level, noticeably better than the previous peak of down 25% at the end of August 2020.

Published 26 Apr, 2021 04:59pm

World

UK records a further 175 COVID deaths, 6,609 new cases

The number of deaths was down from the 181 recorded on Thursday, and cases was also down from 6,753. A total of 125,343 people have now died with the virus under the 28-day measurement.

Published 12 Mar, 2021 09:33pm

World

UK's Sunak says he does not favour a debt-to-GDP target

"It's probably right to think more about trajectories of debt levels, building resilience for future shocks and the affordability of that debt," Sunak told parliament's Treasury Committee.
Sunak's budget plan included no new budget rules which previous governments have set to show investors how they plan to bring down debt.

Updated 11 Mar, 2021 10:04pm

World

Tax hikes blur UK's Sunak ‘whatever it takes’ budget

The corporate tax increase in 2023 will derail some of those expectations. The UK economy is expected to have explosive growth in 2022, but then quickly return to trend in 2023 at 1.7%, which is when the economy will face higher taxes."
"The positive impact the spending pledges has on growth has been somewhat offset by concerns of fiscal consolidation later down the line.

Published 03 Mar, 2021 07:34pm

World

Britain to take much bigger GDP hit from Brexit than the EU

Britain left the EU at the end of January last year, but kept its full access to the 27-nation bloc's single market until the end of 2020, when it was replaced by a trade agreement.
For the EU on average, the exit of the UK from the European Union on Free Trade Agreement terms is estimated to generate an output loss of around 0.5% of GDP by the end of 2022, and some 2.25% point for the UK.

Updated 11 Feb, 2021 09:27pm

Markets

UK economy to take at least two years to return to pre-COVID-19 level

However, six of the near 60 respondents expected negative rates by the end of 2021.

Published 15 Jan, 2021 11:53am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 24	278.59
USD PKR Interbank Buying / Apr 24	278.39
USD to Japanese Yen / Apr 24	155.21
USD to Swiss Franc / Apr 24	0.91
Pound Sterling to USD / Apr 24	1.25
Euro to USD / Apr 24	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
India Sensex / Apr 24	73852.94
Tokyo Nikkei / Apr 24	38460.08
Nasdaq / Apr 24	15712.75
Hang Seng / Apr 24	17201.27
FTSE 100 / Apr 24	8040.38
Dow Jones / Apr 24	38460.92
Germany DAX 30 / Apr 24	18088.70

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Crude Oil USD/Barrel / Apr 24	82.83
Gold Spot USD/Ounce / Apr 24	2318.17
Cotton US¢/pound / Apr 24	81.01
Petrol/Litre / Apr 25	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 25 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 25 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 25 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 25 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 25 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 25 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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