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US debt ceiling

Fitch cuts US credit rating to AA+

WASHINGTON: Rating agency Fitch on Tuesday downgraded the US government’s top credit rating, a move that drew an...

Published 03 Aug, 2023 05:54am

World

U.S. Treasury can meet all obligations after debt ceiling suspension

WASHINGTON: The U.S. Treasury said it can now meet the federal government's payment obligations after a debt ceiling...

Published 05 Jun, 2023 11:05pm

World

Biden lauds ‘crisis averted’ with debt ceiling deal in first Oval Office address

WASHINGTON: US President Joe Biden declared a “crisis averted” on Friday in his first address from the White...

Published 05 Jun, 2023 03:27am

World

Biden signs debt ceiling bill into law, averting default

WASHINGTON: US President Joe Biden on Saturday signed into law a debt ceiling bill passed by Congress after weeks of...

Published 03 Jun, 2023 11:38pm

Markets

Oil jumps 3% on US debt ceiling progress, OPEC+ in focus

BENGALURU: Oil prices rose more than $2 a barrel on Thursday on hopes for a pause in U.S. interest rate hikes and...

Published 01 Jun, 2023 11:26pm

Markets

Wall St falls on Fed hike jitters ahead of debt ceiling vote

NEW YORK: US stock indexes fell on Wednesday as a deal to raise the nation’s debt ceiling headed for a crucial ...

Published 01 Jun, 2023 03:34am

Markets

European stocks hit two-month low on weak China data

PARIS: European shares hit a two-month low on Wednesday as concerns about a global slowdown on China’s weak...

Published 01 Jun, 2023 03:34am

Markets

Oil falls on weak China data, stronger dollar

HOUSTON: Oil prices fell on Wednesday on a stronger US dollar and as weak data from top oil importer China raised...

Published 01 Jun, 2023 03:34am

Markets

Copper heads for second monthly drop on dismal China data

LONDON: Copper prices fell back towards six-month lows on Wednesday after data showed factory activity in top...

Published 01 Jun, 2023 03:34am

Markets

Oil slides 4pc on worries about US debt ceiling

NEW YORK: Oil prices fell more than 4% on Tuesday on concerns about whether the US Congress will pass the US debt...

Published 31 May, 2023 03:56am

Markets

Tokyo stocks close higher on US debt deal

TOKYO: Tokyo stocks closed higher Monday, with investors cheered by signs of a breakthrough in US debt ceiling...

Published 30 May, 2023 03:37am

Markets

Oil dips as rate hike bets offset US debt deal

HOUSTON: Oil prices slipped on Monday, as worries over further interest rate hikes that could curb energy demand...

Published 30 May, 2023 03:37am

Markets

Gulf stock markets volatile on US debt deal, economic worries

Stock markets in the Gulf ended in different directions on Monday after US lawmakers reached a tentative agreement...

Updated 29 May, 2023 09:14pm

Markets

Dollar nudges lower as US debt ceiling deal dents safe-haven appeal

LONDON: The dollar nudged lower on Monday, pulling back from six-month peaks against the yen as a US debt ceiling...

Published 29 May, 2023 05:31pm

Business & Finance

Republicans, Biden reach debt ceiling deal

WASHINGTON: President Joe Biden and Republican leader Kevin McCarthy announced a deal Saturday to raise the debt...

Updated 29 May, 2023 08:54am

World

Republicans criticize McCarthy, Biden debt ceiling deal

WASHINGTON: After tough negotiations to reach a tentative deal with the White House on the U.S. borrowing limit, the...

Published 28 May, 2023 08:05pm

World

US debt ceiling negotiations push towards critical default deadline

WASHINGTON: Democratic and Republican negotiators said they were hopeful of reaching a deal to raise the federal...

Published 27 May, 2023 05:26pm

World

Biden, McCarthy looking to close US debt ceiling deal for two years

WASHINGTON: The White House and congressional Republicans on Friday aim to put the final touches on a deal to raise...

Published 26 May, 2023 05:46pm

Markets

Shanghai stocks open slightly lower

SHANGHAI: Chinese markets opened with small losses Friday morning as traders fret over the outlook for the country’s...

Published 26 May, 2023 10:35am

Markets

European shares slip as macro gloom weighs

PARIS: European stocks slipped on Thursday as concerns over the US debt ceiling standoff and a global economic...

Published 26 May, 2023 06:48am

World

Biden spending freeze plan would save $1 trillion: Treasury

WASHINGTON: President Joe Biden offered to freeze government spending at current levels during crunch debt talks...

Published 24 May, 2023 09:20pm

World

IMF chief calls US debt battle ‘unnecessary’ for world economy

DOHA: International Monetary Fund chief Kristalina Georgieva said Wednesday that protracted domestic wrangling over...

Published 24 May, 2023 06:14pm

Markets

Indian shares open lower on caution over US debt ceiling talks

BENGALURU: Indian shares opened lower on Wednesday, tracking a slide in US and Asian peers, after negotiations over...

Published 24 May, 2023 09:40am

World

IMF chief hopes US debt ceiling deal will come before ‘11th hour’

LONDON: International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday she hoped the world...

Published 23 May, 2023 06:41pm

World

Biden, McCarthy meeting ends with no deal on debt ceiling

WASHINGTON: President Joe Biden and House Speaker Kevin McCarthy could not reach an agreement Monday on how to raise...

Published 23 May, 2023 09:32am

World

Biden says Republican debt ceiling demands ‘unacceptable’

WASHINGTON: President Joe Biden on Sunday slammed Republican demands in negotiations to resolve the US debt ceiling...

Published 22 May, 2023 06:23am

Markets

Wall Street Week Ahead: Artificial intelligence gives real boost to US stock market

NEW YORK: Recent advances in artificial intelligence are fueling optimism over how businesses can operate more...

Published 22 May, 2023 06:23am

Markets

Wall St slips on debt ceiling uncertainty

NEW YORK: US stocks closed out the trading week on a soft note on Friday as early gains dissipated after US debt...

Published 22 May, 2023 06:23am

World

Yellen says June 1 is 'hard deadline' for raising debt ceiling

WASHINGTON: US Treasury Secretary Janet Yellen on Sunday said June 1 remains a "hard deadline" for raising the...

Updated 21 May, 2023 11:27pm

Markets

Japanese rubber futures post weekly gain

SINGAPORE: Japanese rubber futures delivered a weekly gain on Friday, driven by strong tyre manufacturer activity,...

Published 21 May, 2023 04:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 23	278.42
USD PKR Interbank Buying / May 23	278.22
USD to Japanese Yen / May 23	156.74
USD to Swiss Franc / May 23	0.91
Pound Sterling to USD / May 23	1.27
Euro to USD / May 23	1.08

Stock	Volume
S&P 500 / May 22	5307.01
Nasdaq / May 22	16801.54
Dow Jones / May 22	39671.04
India Sensex / May 23	74667.86
Tokyo Nikkei / May 23	39034.80
Hang Seng / May 23	18845.59
FTSE 100 / May 23	8373.47
Germany DAX 30 / May 23	18748.98

Item	Value
Gold 10 Grams PKR / May 22	212791
Petrol/Litre / May 23	273.10
Crude Oil USD/Barrel / May 23	76.94
Karachi Cotton PKR/37.32 KG / May 23	19935
Gold Spot USD/Ounce / May 23	2362.37
Diesel/Litre / May 23	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 23 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 23 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 23 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 23 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 23 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 23 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 23 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 23 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 23 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 23 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 23 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 23 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 23 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 23 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 23 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 23 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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US debt ceiling

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