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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 / Nov 21	278.16
USD PKR Interbank Buying / Nov 21	277.96
USD to Japanese Yen / Nov 21	154.53
USD to Swiss Franc / Nov 21	0.89
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 21	5,948.71
India Sensex / Nov 21	77,155.79
Tokyo Nikkei / Nov 21	38,026.17
Nasdaq / Nov 21	18,972.42
Hang Seng / Nov 21	19,601.11
FTSE 100 / Nov 21	8,149.27
Dow Jones / Nov 21	43,870.35
Germany DAX 30 / Nov 21	19,146.17

Item	Value
Crude Oil USD/Barrel / Nov 21	70.18
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,669.46
Cotton US¢/pound / Nov 21	70.43
Petrol/Litre / Nov 22	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 22 786 Investments Limited(786)	7.15 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 22 Al-Abbas Sugar Mills Limited(AABS)	620.68 ▼ 0.00 (0.00%)
Agro Allianz / Nov 22 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 22 Ali Asghar Textile Mills Limited(AATM)	69.40 ▼ 0.00 (0.00%)
Allied Bank / Nov 22 Allied Bank Limited(ABL)	115 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 22 Abbott Laboratories (Pakistan) Limited(ABOT)	1,084.82 ▼ 0.00 (0.00%)
Abson Ind. / Nov 22 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 22 Alfalah Consumer Index ETF.(ACIETF)	12.35 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 22 786 Investments Limited(786)	7.15 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 22 Al-Abbas Sugar Mills Limited(AABS)	620.68 ▲ 0.00 (0.00%)
Agro Allianz / Nov 22 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 22 Ali Asghar Textile Mills Limited(AATM)	69.40 ▲ 0.00 (0.00%)
Allied Bank / Nov 22 Allied Bank Limited(ABL)	115 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 22 Abbott Laboratories (Pakistan) Limited(ABOT)	1,084.82 ▲ 0.00 (0.00%)
Abson Ind. / Nov 22 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 22 Alfalah Consumer Index ETF.(ACIETF)	12.35 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 22 Worldcall Telecom Limited(WTL)	95,563,962 ▲ 0.00
Pace (Pak) Ltd. / Nov 22 Pace (Pakistan) Limited(PACE)	51,499,190 ▲ 0.00
Kohinoor Spining / Nov 22 Kohinoor Spinning Mills Limited(KOSM)	48,260,119 ▲ 0.00
K-Electric Ltd. / Nov 22 K-Electric Limited(KEL)	44,585,332 ▲ 0.00
Treet Battery / Nov 22 Treet Battery Limited(TBL)	42,849,466 ▲ 0.00
Waves Home Appliances / Nov 22 Waves Home Appliances Limited(WAVESAPP)	41,650,133 ▲ 0.00
PIA Holding Co.Ltd / Nov 22 PIA Holding Company Limited(PIAHCLA)	33,841,692 ▲ 0.00
Fauji Foods Ltd / Nov 22 Fauji Foods Limited(FFL)	25,303,681 ▲ 0.00
Cnergyico PK / Nov 22 Cnergyico PK Limited(CNERGY)	25,120,112 ▲ 0.00

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British economy

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