Trends - World Economic Forum - Business Recorder

World Economic Forum

AI: the best solution?

Artificial intelligence (AI) is a term coined by emeritus Stanford Professor John McCarthy. It is the science and...

Published 18 Mar, 2023 06:14am

Pakistan

WEF picks Ali Akhai as ‘young leader’ from Pakistan

KARACHI: The World Economic Forum has announced the induction of the newest members of its Young Global Leaders ...

Published 16 Mar, 2023 06:01am

Markets

Credit Suisse flags ‘material weaknesses’ in financial reporting

ZURICH: Credit Suisse released its delayed annual report on Tuesday in which it identified “material weaknesses” in...

Published 14 Mar, 2023 02:17pm

Pakistan

Can Pakistan break cycle of destruction in flood rebuilding?

GOZO: It is nearly five months since floodwaters swept away Muhammad Fazal’s general store in southern Pakistan....

Published 02 Feb, 2023 11:01am

Perspectives

Round-up of WEF in Davos: Pakistan does not disappoint

The annual meeting of the World Economic Forum in Davos, Switzerland wrapped up last Friday, bringing together world...

Updated 26 Jan, 2023 03:59pm

Editorials

Doesn’t Cabinet see the writing on the wall?

EDITORIAL: The writing on the wall has been made clear multiple times in recent months to the incumbent 11-party...

Published 24 Jan, 2023 06:06am

Business & Finance

Dollar climbs against yen as BOJ affirms ultra-easy policy

NEW YORK: The dollar soared against the yen on Friday, on track for its largest daily gain in roughly two weeks,...

Published 23 Jan, 2023 08:01am

Opinion

Counting the ways to borrow

Pakistan’s policy thrust today to get out of the ongoing very serious economic/financial imbroglio is, heads: seek...

Published 23 Jan, 2023 05:57am

Business & Finance

Most CEOs gloomy on growth in more than a decade: PwC survey

DAVOS: Confidence among companies in their growth prospects has dropped the most since the 2007-08 global financial...

Published 23 Jan, 2023 05:57am

Business & Finance

ABB aims for 5 to 10 acquisitions a year: chairman

DAVOS: Heavy electrical company ABB Ltd Chairman Peter Voser sees his firm acquiring between 5 to 10 small-to-medium...

Published 23 Jan, 2023 05:57am

Pakistan

Pakistan’s trade with China to reach new heights: Bilawal

BEIJING: Minister for Foreign Affairs, Bilawal Bhutto Zardari said that the bilateral trade relationship with China...

Published 22 Jan, 2023 03:08am

Business & Finance

Western climate subsidies risk hitting emerging markets: IMF

DAVOS, (Switzerland): The head of the IMF warned Friday that Western subsidies to combat climate change and ...

Published 21 Jan, 2023 06:46am

Markets

Davos 2023: Big oil comes in from the cold on energy transition

DAVOS: A different type of energy transition has taken place at this year’s World Economic Forum (WEF)...

Published 20 Jan, 2023 06:34pm

World

Davos 2023: ‘Keep it in the ground’ Greta Thunberg tells protest at end of WEF

DAVOS: Greta Thunberg and around 30 other activists braved sub-zero temperatures on Friday in a protest calling for...

Published 20 Jan, 2023 03:53pm

Business & Finance

Davos 2023: IMF’s Georgieva says outlook less bad than feared a few months ago

DAVOS: International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Friday that the economic...

Published 20 Jan, 2023 03:36pm

World

Elite Davos forum ‘sitting target’ of conspiracy theorists

WASHINGTON: A Swiss Alpine town where heads of state and business titans huddle for a week of debate: the World...

Published 20 Jan, 2023 01:40pm

Opinion

Debt, inequality and austerity

‘In most western countries, inequality is rising, and social mobility has stalled. Our citizens are losing...

Published 20 Jan, 2023 06:44am

World

Davos 2023: IEA’s Birol expects tighter energy markets in 2023

DAVOS: International Energy Agency (IEA) head Fatih Birol said on Thursday that energy markets could be tighter in...

Published 19 Jan, 2023 02:28pm

Business & Finance

UN chief slams oil firms for ‘big lie’ on global warming

DAVOS: UN Secretary-General Antonio Guterres skewered oil firms on Wednesday for having “peddled the big lie”...

Published 19 Jan, 2023 05:58am

World

Zelensky calls for speed from allies in helping Ukraine

DAVOS: Ukrainian President Volodymyr Zelensky urged his Western allies to take quicker decisions to help his...

Published 18 Jan, 2023 10:31pm

World

China open to the world, says Liu in investment pitch

DAVOS, (Switzerland): China welcomes foreign investment and will continue to open up to the world, its Vice-Premier...

Published 18 Jan, 2023 06:22am

Markets

Oil prices hit two-week highs

NEW YORK: Oil prices rose to their highest in two weeks on Tuesday after China posted weak but expectation-beating...

Published 18 Jan, 2023 06:22am

World

China’s reopening fuels global growth optimism, Davos panel says

FRANKFURT: China’s reopening from pandemic restrictions could drive global growth beyond expectations and help avoid...

Published 17 Jan, 2023 02:14pm

Pakistan

Sherry representing Pakistan at WEF meeting

ISLAMABAD: Climate Change Minister Sherry Rehman is representing Pakistan at the World Economic Forum (WEF) annual...

Published 17 Jan, 2023 06:02am

Markets

European shares near 9-month high

PARIS: European shares hit a near nine-month high on Monday, albeit in light trading due to a US holiday, with real...

Published 17 Jan, 2023 06:02am

Markets

Oil still in sight of recent highs on Chinese demand recovery hopes

NEW YORK: Oil prices slipped on Monday but were holding near their highest this month as easing COVID restrictions ...

Published 17 Jan, 2023 06:02am

World

Davos 2023: Global recession in 2023 seen as likely in WEF survey

DAVOS: Two-thirds of private and public sector chief economists surveyed by the World Economic Forum (WEF) expect a...

Published 16 Jan, 2023 05:31pm

Pakistan

Bilawal to attend Davos meeting

ISLAMABAD: Foreign Minister Bilawal Bhutto Zardari will attend the World Economic Forum’s (WEF) annual meeting in...

Published 16 Jan, 2023 07:49am

Pakistan

Bilawal, Khar to attend WEF annual meeting at Davos

ISLAMABAD: Foreign Minister Bilawal Bhutto Zardari and Minister of State for Foreign Affairs Hina Rabbani Khar will...

Published 14 Jan, 2023 06:22am

Opinion

Global economic challenges and prospects for 2023

A few days before the release of World Bank’s flagship ‘Global Economic Prospects’ (GEP) January 2023 report...

Updated 13 Jan, 2023 07:33am

Gainers
Losers
Leaders

Stock	Price
Kohinoor Power / Mar 31 Kohinoor Power Company Limited(KOHP)	4.38 ▲ 0.63 (16.80%)
PICIC Ins.Ltd. / Mar 31 PICIC Insurance Limited(PIL)	0.69 ▲ 0.08 (13.11%)
Supernet Ltd. / Mar 31 Supernet Limited(GEMSPNL)	11.90 ▲ 1.00 (9.17%)
Asim Textile / Mar 31 Asim Textile Mills Limited(ASTM)	6.48 ▲ 0.53 (8.91%)
Bata (Pak) / Mar 31 Bata Pakistan Limited(BATA)	2084.87 ▲ 145.45 (7.50%)
Khyber Tex. / Mar 31 Khyber Textile Mills Limited(KHYT)	427.22 ▲ 29.80 (7.50%)
Pak Engineering / Mar 31 Pakistan Engineering Company Limited(PECO)	325.40 ▲ 22.70 (7.50%)
Janana D Mal / Mar 31 Janana De Malucho Textile Mills Limited(JDMT)	44.42 ▲ 3.09 (7.48%)
Sindh Abadgar / Mar 31 Sindh Abadgar's Sugar Mills Limited(SASML)	14.50 ▲ 1.00 (7.41%)
Popular Islamic / Mar 31 Popular Islamic Modaraba(PIM)	8.75 ▲ 0.60 (7.36%)

Stock	Price
Pak Gulf Leasing / Mar 31 Pak-Gulf Leasing Company Limited(PGLC)	5.31 ▼ -0.89 (-14.35%)
Samba Bank / Mar 31 Samba Bank Limited(SBL)	6.75 ▼ -0.85 (-11.18%)
Pak Gen.Ins. / Mar 31 The Pakistan General Insurance Co. Ltd.(PKGI)	3.96 ▼ -0.49 (-11.01%)
Equity Modaraba / Mar 31 First Equity Modaraba(FEM)	6.10 ▼ -0.50 (-7.58%)
AL-Ghazi Tractors / Mar 31 Al-Ghazi Tractors Limited(AGTL)	270.73 ▼ -21.95 (-7.50%)
Philip Morris Pak. / Mar 31 Philip Morris (Pakistan) Limited(PMPK)	426.43 ▼ -34.57 (-7.50%)
Tri-Pack Films / Mar 31 Tri-Pack Films Limited(TRIPF)	126 ▼ -10.14 (-7.45%)
Khairpur / Mar 31 Khairpur Sugar Mills Limited(KPUS)	67.26 ▼ -5.41 (-7.44%)
Dawood Lawrencepur / Mar 31 Dawood Lawrencepur Limited(DLL)	210 ▼ -15.90 (-7.04%)
Bunnys Limited / Mar 31 Bunnys Limited(BNL)	15.81 ▼ -1.19 (-7.00%)

Stock	Volume
Pak Int.Bulk / Mar 31 Pakistan International Bulk Terminal(PIBTL)	12,120,000 ▲ 0.26
Pak Elektron / Mar 31 Pak Elektron Limited(PAEL)	6,523,000 ▲ 0.36
Telecard Limited / Mar 31 Telecard Limited(TELE)	6,211,500 ▼ -0.18
Engro Corp / Mar 31 Engro Corporation Limited(ENGRO)	5,429,492 ▼ -4.49
WorldCall Telecom / Mar 31 Worldcall Telecom Limited(WTL)	4,946,279 ▲ 0.00
Hascol Petrol / Mar 31 Hascol Petroleum Limited(HASCOL)	4,863,500 ▲ 0.20
Pakgen Power / Mar 31 Pakgen Power Limited(PKGP)	4,421,500 ▲ 1.50
K-Electric Ltd. / Mar 31 K-Electric Limited(KEL)	4,361,174 ▲ 0.00
Agha Steel Ind. / Mar 31 Agha Steel Ind.Ltd(AGHA)	3,689,500 ▲ 0.07
Waves Corporation / Mar 31 Waves Corporation Limited(WAVES)	3,477,000 ▲ 0.45

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 31	283.85
USD PKR Interbank Buying / Mar 31	283.65
USD to Japanese Yen / Mar 31	132.82
USD to Swiss Franc / Mar 31	0.91
Pound Sterling to USD / Mar 31	1.24
Euro to USD / Mar 31	1.09
UK LIBOR % / Mar 30	4.81

Stock	Volume
S&P 500 / Mar 31	4082.17
India Sensex / Mar 31	58991.52
Tokyo Nikkei / Mar 31	28047.34
Nasdaq / Mar 31	12133.90
Hang Seng / Mar 31	20427.56
FTSE 100 / Mar 31	7638.94
Dow Jones / Mar 31	33079.75
Germany DAX 30 / Mar 31	15641.10
France CAC40 / Mar 31	7330.27

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 30	18935
Crude Oil USD/Barrel / Mar 31	75.20
Gold 10 Grams PKR / Mar 31	178927
Gold Spot USD/Ounce / Mar 31	1979.46
Cotton US¢/pound / Mar 31	83.26

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