Trends - Davos - Business Recorder

Davos

Debt burden

EDITORIAL: Prime Minister Shehbaz Sharif while performing the ground-breaking ceremony of the first Daanish School...

Published 27 Jan, 2025 05:50am

Business & Finance

Europe needs to take page out of US book: IMF

DAVOS, (Switzerland): With the European economy lagging behind the United States, the head of the International...

Published 25 Jan, 2025 06:22am

Markets

Asia shares buoyed by Trump’s China comments, yen awaits BOJ

SINGAPORE: Global shares rose on Friday buoyed by the prospect of lower U.S. interest rates and a U.S.-China trade...

Published 24 Jan, 2025 08:06am

World

Trump tells Davos: Make your products in America or pay tariffs

DAVOS, (Switzerland): US President Donald Trump told world business leaders Thursday to manufacture in the United...

Published 24 Jan, 2025 06:26am

Pakistan

Pathfinder Group organises ‘Inspiring Pakistan’ event at Pakistan Pavilion in Davos

DAVOS: Pathfinder Group organised an event “Inspiring Pakistan” at the Pakistan Pavilion in Davos for the 21st...

Published 23 Jan, 2025 06:14am

Pakistan

Aurangzeb meets Anita

DAVOS: On the sidelines of the annual meeting of the World Economic Forum in Davos, Finance Minister Muhammad...

Published 23 Jan, 2025 06:14am

Business & Finance

Aurangzeb leaves for Davos to attend WEF moot

ISLAMABAD: Finance Minister Muhammad Aurangzeb on Monday left for the Swiss city of Davos to attend the World...

Published 21 Jan, 2025 06:12am

World

Trump ally Arkansas governor Sarah Sanders to attend Davos forum

WASHINGTON: Arkansas Governor Sarah Sanders, a key ally of President-elect Donald Trump, plans to attend the World...

Published 17 Jan, 2025 11:06am

World

Saudi minister says reforms ‘on track’ despite ‘challenges’

RIYADH: Saudi Arabia’s finance minister said Wednesday that the Gulf kingdom’s sweeping plans to wean its economy...

Published 30 Oct, 2024 02:43pm

Business & Finance

Economists pilloried for getting forecasts wrong

PARIS: Economists are taking flak after missing the mark on inflation, failing to anticipate disruptions in global...

Updated 04 Feb, 2024 10:10pm

Business & Finance

Talk in Davos of ‘high for longer’ as CEOs wrestle with rates

DAVOS: Business leaders and financiers in Davos this week said they are preparing for “high for longer” ...

Published 20 Jan, 2024 05:18am

Pakistan

KSA FM meets Kakar

DAVOS: Foreign Minister of Saudi Arabia, Faisal bin Farhan bin Abdullah Thursday called on Caretaker Prime Minister,...

Published 19 Jan, 2024 05:37am

Business & Finance

Pakistan, Dubai ink over $3bn pacts in diverse fields

LAHORE: In a landmark move, the governments of Pakistan and Dubai have solidified their economic ties through the...

Published 19 Jan, 2024 05:37am

Life & Style

At WEF, Sharmeen Obaid-Chinoy urges women to ‘take charge’

Filmmaker Sharmeen Obaid-Chinoy spoke about challenging misogyny, having the courage to fight and opening doors, in...

Published 18 Jan, 2024 05:14pm

Pakistan

Pakistan, Dubai ink over $3bn investment pact at Davos

Authorities sign agreements to strengthen relations in the marine and logistics sectors

Updated 18 Jan, 2024 09:56pm

World

India eyes $100bn annual foreign direct investment in coming years: IT minister

DAVOS: India is eyeing $100 billion in annual foreign direct investment (FDI) “in the next few years”, its IT...

Published 17 Jan, 2024 08:41pm

World

Iran foreign minister in Davos: Attacks on Israel will end if Gaza war stops

DAVOS: Iran’s foreign minister said on Wednesday that attacks against Israel and its interests by the “Axis of...

Published 17 Jan, 2024 07:29pm

World

UN chief says parties to Gaza war ‘trampling’ on international law

DAVOS: United Nations Secretary-General Antonio Guterres said on Wednesday that parties to the conflict in Gaza were...

Published 17 Jan, 2024 06:06pm

World

Argentina’s ‘anarcho-capitalist’ president descends on Davos

DAVOS: Argentina’s self-styled “anarcho-capitalist” leader, Javier Milei, will address the global elite in Davos on...

Published 17 Jan, 2024 12:00pm

Perspectives

If the Palestinian cause isn’t resolved now, then it never will

The day after the war. The unspoken and untenable situation that nobody has wanted to speak about. Certainly not the...

Updated 16 Jan, 2024 11:21pm

World

Blinken promises Zelensky US will sustain support for Ukraine

DAVOS: Secretary of State Antony Blinken promised sustained US support for Ukraine in a meeting Tuesday with...

Published 16 Jan, 2024 05:50pm

Business & Finance

Next move is a rate cut but date is open question: ECB’s Villeroy

The European Central Bank cannot yet declare victory over inflation but its next move is likely to be an interest...

Published 16 Jan, 2024 12:38pm

World

China bids to woo back global elites at Davos forum

DAVOS: China will put on a show of force Tuesday with a large delegation represented by Prime Minister Li Qiang at...

Published 16 Jan, 2024 12:30pm

World

IMF chief says AI holds risks, ‘tremendous opportunity’ for global economy

WASHINGTON: Artificial intelligence poses risks to job security around the world but also offers a “tremendous...

Published 15 Jan, 2024 11:23am

World

83 countries hold Ukraine peace talks

DAVOS: More than 80 countries were holding talks on Sunday seeking common ground on Ukraine’s peace formula, as the...

Published 14 Jan, 2024 08:18pm

World

Extreme weather and misinformation top global risks at Davos

NEW YORK: Risk specialists see extreme weather and misinformation as most likely to trigger a global crisis in the...

Published 12 Jan, 2024 03:06am

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

Opinion

The Saudi snub, and after…

The prime minister’s decision to do whatever was needed to complete the 9th review of the stalled IMF programme ...

Updated 26 Jan, 2023 06:19am

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 21	280.92
USD PKR Interbank Buying / Apr 21	280.72
USD to Japanese Yen / Apr 21	140.83
USD to Swiss Franc / Apr 21	0.81
Pound Sterling to USD / Apr 21	1.34
Euro to USD / Apr 21	1.15
UK LIBOR % / Apr 18	4.96

Stock	Volume
S&P 500 / Apr 17	5,282.70
Nasdaq / Apr 17	16,286.45
FTSE 100 / Apr 17	8,275.66
Dow Jones / Apr 17	39,142.23
Germany DAX 30 / Apr 17	21,205.86
France CAC40 / Apr 17	7,285.86
India Sensex / Apr 21	21,395.14
Tokyo Nikkei / Apr 21	34,356.93
Hang Seng / Apr 21	79,442.98

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 18	16,985
Gold 10 Grams PKR / Apr 18	299,811
Crude Oil USD/Barrel / Apr 21	63.76
Gold Spot USD/Ounce / Apr 21	3,389.31
Cotton US¢/pound / Apr 21	67.13
Petrol/Litre / Apr 22	254.63
Diesel/Litre / Apr 22	258.64

Gainers
Losers
Leaders

Stock	Price
Quice Food / Apr 21 Quice Food Industries Limited(QUICE)	7.53 ▲ 1 (15.31%)
Beco Steel Ltd / Apr 21 Beco Steel Limited(BECO)	10.16 ▲ 0.94 (10.2%)
Saritow Spinning / Apr 21 Saritow Spinning Mills Limited(SSML)	16.79 ▲ 1.53 (10.03%)
Power Cem(Pref) / Apr 21 Power Cement (Pref)(POWERPS)	16.48 ▲ 1.5 (10.01%)
Crescent Steel / Apr 21 Crescent Steel & Allied Products Limited(CSAP)	128.69 ▲ 11.7 (10%)
Diamond Ind. / Apr 21 Diamond Industries Limited(DIIL)	27.73 ▲ 2.52 (10%)
EMCO Industries / Apr 21 Emco Industries Limited(EMCO)	36.29 ▲ 3.3 (10%)
K.S.B.Pumps / Apr 21 KSB Pumps Company Limited(KSBP)	184.40 ▲ 16.76 (10%)
Nagina Cot. / Apr 21 Nagina Cotton Mills Limited(NAGC)	54.98 ▲ 5 (10%)
National Silk / Apr 21 The National Silk & Rayon Mills Limited(NSRM)	35.20 ▲ 3.2 (10%)

Stock	Price
Pak Reinsurance / Apr 21 Pakistan Reinsurance Company Limited(PAKRI)	13.45 ▼ -2.45 (-15.41%)
Arpak Int. / Apr 21 Arpak International Investments Ltd.(ARPAK)	61.41 ▼ -6.54 (-9.62%)
Samba Bank / Apr 21 Samba Bank Limited(SBL)	9.07 ▼ -0.9 (-9.03%)
NBP PGETF / Apr 21 NBP Pakistan Growth Exchange Traded Fund(NBPGETF)	21.51 ▼ -1.76 (-7.56%)
Dewan Automotive Eng. / Apr 21 Dewan Automotive Engineering Limited(DWAE)	32.93 ▼ -2.64 (-7.42%)
Bela Auto / Apr 21 Bela Automotives Limited(BELA)	151.60 ▼ -12.05 (-7.36%)
UDL International / Apr 21 UDL International Limited(UDLI)	7.80 ▼ -0.62 (-7.36%)
Leiner Pak Gelat / Apr 21 Leiner Pak Gelatine Limited(LPGL)	112.52 ▼ -8.89 (-7.32%)
Kohinoor Mills / Apr 21 Kohinoor Mills Limited(KML)	30.93 ▼ -2.44 (-7.31%)
Next Capital / Apr 21 Next Capital Limited(NEXT)	7.36 ▼ -0.58 (-7.3%)

Stock	Volume
Cnergyico PK / Apr 21 Cnergyico PK Limited(CNERGY)	103,028,410 ▲ 0.01
Power Cement / Apr 21 Power Cement Limited(POWER)	62,587,267 ▲ 1.23
B.O.Punjab / Apr 21 The Bank of Punjab(BOP)	42,587,808 ▲ 0.25
Sui South Gas / Apr 21 Sui Southern Gas Company Limited(SSGC)	29,216,804 ▲ 0.9
Sui North Gas / Apr 21 Sui Northern Gas Pipelines Limited(SNGP)	28,845,690 ▲ 10.7
Fauji Foods Ltd / Apr 21 Fauji Foods Limited(FFL)	27,776,861 ▲ 0.64
Maple Leaf Cement / Apr 21 Maple Leaf Cement Factory Limited(MLCF)	25,090,099 ▲ 3.93
Pak Int.Bulk / Apr 21 Pakistan International Bulk Terminal(PIBTL)	23,630,998 ▼ -0.03
Pak Elektron / Apr 21 Pak Elektron Limited(PAEL)	21,655,133 ▲ 1.29
Fauji Cement / Apr 21 Fauji Cement Company Limited(FCCL)	16,149,277 ▲ 0.34

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