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US economy

US Senate approaches finish line on $1 trillion infrastructure bill

The first bill, which sits atop Democratic President Joe Biden's domestic agenda and includes $550 billion in new spending on roads, bridges and internet access, cleared an important procedural hurdle

Published 09 Aug, 2021 06:08pm

World

US job growth solid in July; unemployment rate falls to 5.4%

Nonfarm payrolls increased by 943,000 jobs last month after rising 938,000 in June
Estimates ranged from as low as 350,000 to as high 1.6 million
The unemployment rate fell to 5.4% from 5.9% in June

Published 06 Aug, 2021 06:09pm

Fed backs interest rates liftoff in 2023

WASHINGTON: The US economy is on track by the end of next year to meet the employment and inflation hurdles the...

Published 05 Aug, 2021 04:35am

Business & Finance

Dollar down again

NEW YORK/LONDON: The dollar eased again on Monday as markets continued to embrace risk following statements from...

Published 03 Aug, 2021 04:35am

Business & Finance

Australia, NZ dlrs lift from one-week lows on benign Fed

SYDNEY: The Australian and New Zealand dollars inched higher on Thursday against their US counterpart which hit a...

Published 30 Jul, 2021 05:10am

Business & Finance

Dollar at 1-month low after Fed knock; US data disappoints

NEW YORK: The dollar slipped to a one-month low on Thursday, a day after the US Federal Reserve's reassurance that...

Published 30 Jul, 2021 05:10am

World

New US jobless claims slow slightly in latest week

Beyond weekly ups and downs, the trend in total filings should remain downward over coming weeks
Overall, job growth should pick up and labor shortages should ease as near-term constraints -- virus concerns, child-care issues and enhanced unemployment benefits -- diminish

Published 29 Jul, 2021 06:29pm

World

US goods trade deficit widens; inventories rise

Goods trade deficit increases 3.5% in June
Wholesale inventories rise 0.8%; retail stocks up 0.3%

Published 28 Jul, 2021 08:08pm

Fed to meet as inflation, virus variants complicate US recovery

WASHINGTON: As rising prices and the spread of new Covid-19 variants increase risks to the US economy, Federal...

Published 26 Jul, 2021 06:03am

Markets

Dollar recovers ground as jobless claims data helps

Dollar Index up 0.1%.
US weekly jobless claims fall as expected.

Published 15 Jul, 2021 08:08pm

World

US weekly jobless claims fall as expected

Initial claims for state unemployment benefits fell 26,000 to a seasonally adjusted 360,000 for the week ended July 10, the Labor Department said.
Claims have declined from a record 6.149 million in early April 2020.

Published 15 Jul, 2021 05:52pm

Markets

US crude stockpiles fall for eighth week in a row

NEW YORK: US crude oil stockpiles fell for the eighth straight week last week, as renewed vigour in the US economy...

Published 15 Jul, 2021 04:03am

Business & Finance

Aging population to hit US economy like a ‘ton of bricks’: US commerce secretary

WASHINGTON, July 12 (Reuters) - President Joe Biden does not yet have enough support from fellow Democrats to secure...

Published 14 Jul, 2021 03:59am

World

US annual CPI jumps 5.4% in June, biggest since 2008

Energy prices have also rebounded after sinking in the midst of the pandemic shutdowns, with gasoline surging 45.1 percent over the past year, unadjusted, and 2.5 percent in the month, the report said.

Updated 13 Jul, 2021 06:54pm

China accuses US of 'unreasonable suppression'

SHANGHAI: China said on Sunday it "resolutely opposes" the addition of 23 Chinese entities to a US economic ...

Published 12 Jul, 2021 04:38am

World

Biden's executive order to promote competition in the US economy includes over 70 initiatives

"Inadequate competition holds back economic growth and innovation," the White House fact sheet said. "The rate of new business formation has fallen by almost 50% since the 1970s as large businesses make it harder for Americans with good ideas to break into markets."

Published 09 Jul, 2021 05:21pm

Business & Finance

US service sector growth slows

WASHINGTON: The dominant services sector of the US economy continued to grow strongly in June, but at a less red-hot...

Published 07 Jul, 2021 04:28am

World

US job growth picks up in June; unemployment rate rises to 5.9%

Nonfarm payrolls increased by 850,000 jobs last month after rising 583,000 in May, the Labor Department said in its closely watched employment report on Friday. The unemployment rate rose to 5.9% from 5.8% in May.

Published 02 Jul, 2021 06:02pm

Markets

US deficit to top $3 trillion again: budget office

The deficit is slightly lower than in the 2020 fiscal year, but higher than projected in the CBO's February estimates due to the massive stimulus program approved in March

Published 02 Jul, 2021 10:00am

World

US current account deficit rises to 14-year high in the first quarter

The Commerce Department said on Wednesday the current account deficit, which measures the flow of goods, services and investments into and out of the country, rose 11.8% to $195.7 billion last quarter.

Published 23 Jun, 2021 07:14pm

World

US factory activity index rises to record high in June

US manufacturing PMI rose to a reading of 62.6 this month.
IHS Markit said "average supplier delivery times lengthened to the greatest extent on record."

Published 23 Jun, 2021 07:01pm

Markets

Prospect of earlier Fed rate hike sends Asia markets lower

In a sign of the impact the issue is having, factory gate inflation surged nine percent in May, its highest rate since 2008.

Published 17 Jun, 2021 09:48am

Markets

Yields drift lower as latest views from Fed awaited

The benchmark 10-year yield was last down 1 basis point at 1.4888%.
"Truly, to getting a read on where the economy is heading and where inflation is heading, we don't think we're going to have those data points until the fall," he said.

Published 16 Jun, 2021 07:58pm

Business & Finance

US import prices accelerate in May; export prices surge

Import prices rose 1.1% last month after gaining a 0.8% in April.
The report also showed export prices jumped 2.2% in May after rising 1.1% in April. Prices for agricultural exports rose 6.1%, the largest gain since in November 2010.

Published 16 Jun, 2021 06:46pm

World

US housing starts rise less than expected in May; building permits fall

Housing starts rose 3.6% to a seasonally adjusted annual rate of 1.572 million units last month.
Though lumber prices dropped from a record high set in early May, softwood lumber prices increased 154.3% year-on-year in May.

Published 16 Jun, 2021 06:05pm

Markets

Dollar edges higher after US inflation data as traders await Fed meet

Traders watching for clues on timing of Fed tapering.
Bitcoin lingers above $40,000 level.

Published 15 Jun, 2021 08:46pm

World

US retail sales fall as spending shifts back to services; producer prices rise

Retail sales drop 1.3% in May; core sales fall 0.7%.
Producer price index rises 0.8%; up 6.6% year-on-year.

Updated 15 Jun, 2021 07:20pm

Markets

S&P 500 dips from record closing high as focus shifts to Fed meet

Lordstown slumps after CEO, CFO resign.
Tech-heavy Nasdaq outperforms S&P 500, Dow.
Indexes: Dow drops 0.55%, S&P down 0.20%, Nasdaq up 0.30%.

Updated 14 Jun, 2021 08:48pm

World

US weekly jobless claims fall; consumer prices rise more than expected

Initial claims for state unemployment benefits totaled a seasonally adjusted 376,000 for the week ended June 5, compared to 385,000 in the prior week.
In the 12 months through May, the CPI accelerated 5.0%. That was the biggest year-on-year increase since August 2008, and followed a 4.2% rise in April.

Published 10 Jun, 2021 06:52pm

World

US trade deficit narrows in April as imports fall

Trade deficit falls 8.2% to $68.9 billion in April.
Imports drop 1.4%; exports increase 1.1%.

Published 08 Jun, 2021 07:44pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 16	278.55
USD PKR Interbank Buying / May 16	278.25
USD to Japanese Yen / May 16	154.33
USD to Swiss Franc / May 16	0.90
Pound Sterling to USD / May 16	1.27
Euro to USD / May 16	1.09

Stock	Volume
S&P 500 / May 15	5308.15
Nasdaq / May 15	16742.39
Dow Jones / May 15	39908
India Sensex / May 16	72771.48
Tokyo Nikkei / May 16	38920.26
Hang Seng / May 16	19336.77
FTSE 100 / May 16	8411.75
Germany DAX 30 / May 16	18842.52

Item	Value
Petrol/Litre / May 16	273.10
Crude Oil USD/Barrel / May 16	78.95
Karachi Cotton PKR/37.32 KG / May 16	19935
Gold 10 Grams PKR / May 16	210562
Gold Spot USD/Ounce / May 16	2388.50
Diesel/Litre / May 16	274.08

Gainers
Losers
Leaders

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

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

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

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