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British economy

With eye on election, UK’s Hunt cuts taxes in bid to boost economy

LONDON: British finance minister Jeremy Hunt announced tax cuts for workers before an expected 2024 election and he...

Published 23 Nov, 2023 03:19am

World

British environment minister Coffey resigns in reshuffle

LONDON: British environment secretary Therese Coffey resigned on Monday as Prime Minister Rishi Sunak reshuffled his...

Published 13 Nov, 2023 06:30pm

Business & Finance

British economy stalls in third quarter

LONDON: Britain’s economy stagnated in the third quarter, official data showed Friday, weighed down by elevated...

Published 13 Nov, 2023 06:31am

Business & Finance

Bank of England halts run of interest rate hikes as economy slows

LONDON: The Bank of England halted its long run of interest rate increases on Thursday as the British economy...

Published 21 Sep, 2023 05:48pm

Business & Finance

UK economy grows slightly in late 2022: official data

LONDON: The British economy performed slightly better than previously estimated in the final quarter of last year as...

Published 31 Mar, 2023 01:21pm

World

UK retail sales volumes slide at fastest rate since April: CBI

LONDON: British retail sales volumes slid over the last month at the fastest rate since April last year, underlining...

Published 26 Jan, 2023 04:53pm

World

UK income inequality widens after pandemic dip

LONDON: British income inequality rose to a three-year high in the 2021/22 financial year after a dip during the...

Published 25 Jan, 2023 05:53pm

World

UK retail sales slide on cost-of-living crisis

LONDON: UK retail sales sank over the key Christmas trading period as consumers tightened belts in a cost-of-living...

Published 20 Jan, 2023 07:16pm

Business & Finance

BoE’s Bailey sees more optimism about inflation falling

LONDON: Bank of England Governor Andrew Bailey said there was now more optimism about the prospects for inflation...

Published 19 Jan, 2023 06:14pm

Business & Finance

UK inflation drops to 3-month low of 10.5% in December

LONDON: British consumer price inflation fell to a three-month low of 10.5% in December, offering some comfort to...

Published 18 Jan, 2023 12:36pm

World

UK finance minister: We must stick to plan to bring down ‘nightmare’ inflation

LONDON: British finance minister Jeremy Hunt welcomed a small dip in inflation on Wednesday, but said the government...

Published 18 Jan, 2023 12:26pm

World

IMF warns that UK faces ‘sobering’ economic outlook

LONDON: The International Monetary Fund says Britain faces a “sobering” economic outlook for 2023, according to a...

Published 12 Jan, 2023 09:08pm

World

UK house prices set for 15% drop, Nomura predicts

LONDON: British house prices look on track to fall around 15% by mid-2024, economists from Japanese bank Nomura said...

Published 12 Jan, 2023 07:49pm

World

Biggest UK house price fall recorded since financial crisis

LONDON: British house prices slid in December, capping the largest quarterly drop since the financial crisis more...

Published 06 Jan, 2023 02:39pm

Business & Finance

UK manufacturing ends 2022 on a low as orders shrink: PMI

LONDON: British manufacturers reported one of their sharpest falls in activity since the 2008-09 recession last...

Published 03 Jan, 2023 05:20pm

Markets

Oil, defence stocks support FTSE 100 despite inflation shock

The FTSE 100 rose on Wednesday, lifted by energy and defence stocks, even as hotter-than-expected inflation data...

Published 16 Nov, 2022 01:37pm

World

Truss faces new challenge over UK welfare payments

BIRMINGHAM: British Prime Minister Liz Truss triggered a new row in her party on Tuesday by suggesting she could...

Published 04 Oct, 2022 06:51pm

World

UK's Truss tries to reassure on economic plan

LONDON: British Prime Minister Liz Truss tried to reassure her party and the public on Sunday by saying she should...

Updated 02 Oct, 2022 04:27pm

Business & Finance

Sterling slides below $1.15 for first time since 2020

LONDON: Sterling skidded against the dollar on Thursday to its lowest level since March 2020 as storm clouds ...

Published 02 Sep, 2022 06:00am

World

UK retail sales in surprise rebound

LONDON: British retail sales surprisingly rose overall in July but consumer confidence is at a record-low level as...

Published 19 Aug, 2022 07:30pm

World

UK inflation to hit 15% in early 2023, Citi predicts

LONDON: British consumer price inflation is likely to peak at an annual rate above 15% in the first three months of...

Published 17 Aug, 2022 04:56pm

World

UK parliamentary committee requests documents for investigation into PM Johnson

LONDON: A committee of lawmakers has requested diaries, emails, photos and mobile phone messages from Boris...

Published 15 Jul, 2022 05:20pm

World

British government to hold confidence vote in itself on Monday

LONDON: The British government will hold a confidence vote in itself on Monday, the BBC reported on Wednesday, after...

Published 13 Jul, 2022 05:18pm

World

UK’s Johnson: ‘I will be leaving soon with my head held high’

LONDON: British Prime Minister Boris Johnson said on Wednesday he would be leaving soon with his “head held high”, a...

Published 13 Jul, 2022 04:59pm

World

UK body to recommend 4-5% pay rise for 1.5mn health workers

LONDON: British public-sector health workers should receive an annual pay rise of 4-5% this year, a government...

Published 25 Jun, 2022 04:54pm

Business & Finance

Sterling weakens as market selloff, data shakes sentiment

LONDON: The pound weakened broadly on Friday, pulling back from a 23-month high versus the euro touched in the...

Published 22 Jan, 2022 05:46am

Business & Finance

Sterling eyes 11-month lows

LONDON: Sterling dived back towards a 11-month low on Monday as investors weighed the discovery of the Omicron...

Published 30 Nov, 2021 05:23am

Business & Finance

Sterling sags

LONDON: Sterling gave up earlier gains on Thursday, as the Bank of England predicted a sharper rebound in the ...

Updated 07 May, 2021 10:01am

World

Bank of England flags slower bond-buying as economy recovers

The BOE kept its bond-buying programme unchanged at 895 billion pounds ($1.24 trillion), as expected by economists .
The pound and British two-year gilt yields fell after the announcement before recouping those falls.

Published 06 May, 2021 05:53pm

Business & Finance

Profit-taking puts sterling on track for worst day vs euro since February

Sterling also fell 0.5% against the dollar to $1.3844, after earlier touching $1.3919, its highest since March 19.

Published 06 Apr, 2021 08:15pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 21	278.88
USD PKR Interbank Buying / Jan 21	278.78
USD to Japanese Yen / Jan 21	155.80
USD to Swiss Franc / Jan 21	0.91
Pound Sterling to USD / Jan 21	1.23
Euro to USD / Jan 21	1.04

Stock	Volume
S&P 500 / Jan 21	6,049.24
India Sensex / Jan 21	75,838.36
Tokyo Nikkei / Jan 21	39,604.71
Nasdaq / Jan 21	19,756.78
Hang Seng / Jan 21	19,872.36
FTSE 100 / Jan 21	8,548.29
Dow Jones / Jan 21	44,025.81
Germany DAX 30 / Jan 21	21,042

Item	Value
Crude Oil USD/Barrel / Jan 21	75.89
Karachi Cotton PKR/37.32 KG / Jan 21	18,485
Gold 10 Grams PKR / Jan 21	242,798
Gold Spot USD/Ounce / Jan 21	2,749.13
Cotton US¢/pound / Jan 21	67.43
Petrol/Litre / Jan 22	256.13

Gainers
Losers
Leaders

Stock	Price
Pak Gen.Ins. / Jan 22 The Pakistan General Insurance Co. Ltd.(PKGI)	9.43 ▲ 0.93 (10.94%)
Leather Up Ltd. / Jan 22 Leather Up Limited(LEUL)	27.57 ▲ 2.51 (10.02%)
Pak Engineering / Jan 22 Pakistan Engineering Company Limited(PECO)	738.34 ▲ 67.12 (10.00%)
Olympia Mills / Jan 22 Olympia Mills Limited(OML)	39 ▲ 3.35 (9.40%)
Jah.Sidd. Co. / Jan 22 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.60 ▲ 1.52 (6.88%)
Ghazi Fabrics / Jan 22 Ghazi Fabrics International Limited(GFIL)	9.93 ▲ 0.61 (6.55%)
Hoechst Pak. / Jan 22 Hoechst Pakistan Limited(HPL)	3,300 ▲ 191.48 (6.16%)
Trust Mod. / Jan 22 Trust Modaraba(TRSM)	3.83 ▲ 0.22 (6.09%)
B.R.R. Guardian / Jan 22 B.R.R. Guardian Limited(BRRG)	22.49 ▲ 1.22 (5.74%)

Stock	Price
Ellcot Spinning / Jan 22 Ellcot Spinning Mills Limited(ELSM)	108 ▼ -12.00 (-10.00%)
Khyber Textile / Jan 22 Khyber Textile Mills Limited(KHYT)	475 ▼ -51.08 (-9.71%)
Faisal Sp. / Jan 22 Faisal Spinning Mills Limited(FASM)	340 ▼ -29.90 (-8.08%)
Khalid Siraj / Jan 22 Khalid Siraj Textile Mills Limited(KSTM)	7.50 ▼ -0.50 (-6.25%)
Baba Farid Sugar / Jan 22 Baba Farid Sugar Mills Limited(BAFS)	46 ▼ -2.58 (-5.31%)
Dandot Cement / Jan 22 Dandot Cement Company Limited(DNCC)	14.30 ▼ -0.68 (-4.54%)
Equity Modaraba / Jan 22 First Equity Modaraba(FEM)	3.40 ▼ -0.14 (-3.95%)
Pakistan Cables / Jan 22 Pakistan Cables Limited(PCAL)	181.01 ▼ -6.63 (-3.53%)
Ittehad Chem. / Jan 22 Ittehad Chemicals Limted(ICL)	70.01 ▼ -2.34 (-3.23%)

Stock	Volume
Cnergyico PK / Jan 22 Cnergyico PK Limited(CNERGY)	114,034,653 ▼ -0.04
Bank Makramah / Jan 22 Bank Makramah Limited(BML)	69,476,357 ▲ 0.09
WorldCall Telecom / Jan 22 Worldcall Telecom Limited(WTL)	64,227,770 ▲ 0.01
Fauji Cement / Jan 22 Fauji Cement Company Limited(FCCL)	53,698,225 ▲ 0.50
Citi Pharma Ltd / Jan 22 Citi Pharma Ltd.(CPHL)	23,402,152 ▲ 0.73
Lotte Chemical / Jan 22 Lotte Chemical Pakistan Limited(LOTCHEM)	23,042,045 ▲ 0.22
Ghani Chem. Ind. / Jan 22 Ghani Chemical Industries Limited(GCIL)	21,938,589 ▲ 0.29
Power Cement / Jan 22 Power Cement Limited(POWER)	21,682,567 ▲ 0.05
B.O.Punjab / Jan 22 The Bank of Punjab(BOP)	14,838,637 ▼ -0.05

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British economy

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