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USA GDP

Biden says consumer inflation report shows budgets of Americans are 'being stretched'

US President Joe Biden said the January consumer price index report issued on Thursday was a reminder the budgets of...

Published 10 Feb, 2022 09:11pm

World

US job growth beats expectations in January; unemployment rate at 4.0%

WASHINGTON: The US economy created far more jobs than expected in January even as raging COVID-19 infections...

Published 04 Feb, 2022 07:31pm

World

US goods trade deficit hits record high; retail inventories surge

WASHINGTON: The US trade deficit in goods widened to a record high in December as imports increased for a fifth...

Published 26 Jan, 2022 09:52pm

Markets

US weekly jobless claims rise; producer prices up moderately in December

WASHINGTON: The number of Americans filing new claims for unemployment benefits unexpectedly rose in the first week...

Published 13 Jan, 2022 08:51pm

World

US weekly jobless claims rise moderately as labor market tightens

WASHINGTON: The number of Americans filing new claims for unemployment benefits increased moderately last week,...

Published 16 Dec, 2021 06:34pm

World

US import prices slow in November on petroleum

WASHINGTON: US import price growth slowed in November from the prior month amid a moderation in the costs of...

Updated 15 Dec, 2021 07:13pm

World

US consumer prices surge; weekly jobless claims fall

WASHINGTON: US consumer prices increased more than expected in October as the cost of gasoline and food surged,...

Updated 10 Nov, 2021 06:44pm

World

US economy adds 531,000 jobs in October: govt

WASHINGTON:- The US economy added 531,000 jobs last month and the unemployment rate dropped to 4.6 percent, the...

Published 05 Nov, 2021 07:01pm

World

Higher prices help to boost US retail sales in September

Retail sales increase 0.7% in September
Higher prices contributed to boosting receipts
Core retail sales rise 0.8%; August revised slightly up

Updated 15 Oct, 2021 07:23pm

World

US quits hit record high in August; hiring falls

Job openings drop 659,000 to 10.4 million in August
Voluntary quits increase 242,000 to 4.3 million
Hiring posts biggest drop in eight months

Published 12 Oct, 2021 09:11pm

World

Biden struggles to secure his 'New Deal' to transform US economy

President Biden's "Build Back Better" agenda, the multi-trillion dollar jobs, infrastructure, and climate plan that's on thin ice in Congress now

Updated 04 Oct, 2021 04:34pm

World

US new home sales beat expectations; supply increases

New home sales increase 1.5% in August; July revised up
Median sales price rises 20.1% from year ago

Published 24 Sep, 2021 09:10pm

World

US retail sales unexpectedly rise in August; weekly jobless claims climb

Retail sales rebounded despite an ongoing global shortage of microchips, which is forcing automakers to cut production, leading to a scarcity of inventory at showrooms

Published 16 Sep, 2021 06:08pm

World

US import price increases slow in July

Import prices rose 0.3% last month after jumping 1.1% in June
Imported fuel prices advanced 2.9% last month after rising 5.5% in June. Petroleum prices gained 2.1%

Published 13 Aug, 2021 06:28pm

World

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

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

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

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

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

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

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

World

US existing home sales decline as prices surge to record high

Home resales, which account for the bulk of US home sales, surged 44.6% on a year-on-year basis.
The median existing house price accelerated a record 23.6% from a year ago to an all-time high of $350,300 in May.

Published 22 Jun, 2021 07:25pm

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

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 22	278.53
USD PKR Interbank Buying / Apr 22	278.33
USD to Japanese Yen / Apr 22	154.79
USD to Swiss Franc / Apr 22	0.91
Pound Sterling to USD / Apr 22	1.23
Euro to USD / Apr 22	1.07

Stock	Volume
S&P 500 / Apr 22	5010.60
India Sensex / Apr 22	73648.62
Tokyo Nikkei / Apr 22	37438.61
Nasdaq / Apr 22	15451.31
Hang Seng / Apr 22	16511.69
FTSE 100 / Apr 22	8023.87
Dow Jones / Apr 22	38239.98
Germany DAX 30 / Apr 22	17860.80

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 19	21035
Crude Oil USD/Barrel / Apr 22	82.42
Gold 10 Grams PKR / Apr 22	213220
Gold Spot USD/Ounce / Apr 22	2328.37
Cotton US¢/pound / Apr 22	82.42
Petrol/Litre / Apr 23	293.94

Gainers
Losers
Leaders

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

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

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

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