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economic outlook

Market outlook event: Economic outlook improved in this fiscal: experts

KARACHI: Pakistan's economic outlook has improved since the start of this fiscal year, experts said in a Market...

Published 08 Oct, 2024 06:46am

Opinion

An intriguing televised address

Federal Finance Minister Muhammad Aurangzeb, in a televised address to the nation this Tuesday past claimed that the...

Updated 09 Sep, 2024 07:59am

Business & Finance

Moody’s lifts rating on reduced default risk

ISLAMABAD: Moody’s Ratings (Moody’s) on Wednesday upgraded the government of Pakistan’s local and foreign...

Published 29 Aug, 2024 07:46am

Business & Finance

Analysts explain significance of ratings upgrade

KARACHI: Following Fitch’s upgrade last month, Moody’s has followed suit by elevating Pakistan’s credit rating from...

Updated 29 Aug, 2024 10:23am

Pakistan

PM expresses satisfaction over Moody’s move

ISLAMABAD: Prime Minister Shehbaz Sharif has expressed satisfaction over the upgradation of Pakistan’s credit rating...

Updated 29 Aug, 2024 08:58am

Pakistan

Pakistan’s finance ministry forecasts July inflation at 12-13%

ISLAMABAD: Pakistan’s finance ministry expects inflation in July to range between 12% and 13%, easing further in...

Updated 30 Jul, 2024 07:17pm

Business & Finance

OECD upgrades global growth outlook

NEW YORK: The global economy is growing faster than expected only a few months ago thanks to resilient US activity...

Published 03 May, 2024 06:29am

Editorials

March economic outlook

EDITORIAL: In the most damning indictment of the caretaker government’s performance on the economic front, the Gross...

Published 02 Apr, 2024 04:37am

Business & Finance

Fed’s still expects rate cuts

WASHINGTON: Continued progress on lowering inflation “is not assured” though the US Federal Reserve still ...

Published 07 Mar, 2024 04:59am

Pakistan

Finance ministry sees inflation at 27.5-28.5% in January

In its monthly economic outlook, ministry says there is slight moderation in outlook compared to preceding month

Updated 31 Jan, 2024 09:14pm

World

Global growth to slow but avoid a hard landing: OECD

PARIS: The global economy will slow slightly next year but the risk of a hard landing has subsided despite high...

Published 29 Nov, 2023 04:55pm

Business & Finance

SBP projects 2-3pc real growth

KARACHI: Pakistan’s economic situation has presented early signs of improvement in the initial months of this...

Published 24 Oct, 2023 05:05am

World

Africa to get ‘stronger voice’ at IMF: Georgieva

Abidjan: Sub-Saharan Africa will have a “stronger voice” at the International Monetary Fund as it will get a...

Published 07 Oct, 2023 06:01am

Business & Finance

Developing Asia on track to grow faster in 2023: ADB

MANILA: Developing Asia is on track to grow faster in 2023 from a year earlier as strong consumption and investment...

Published 24 Jul, 2023 06:11am

Business & Finance

PM briefs IMF chief, hopes for release of stalled funds

PARIS: Prime Minister Shehbaz Sharif on Thursday briefed International Monetary Fund’s managing director Kristalina...

Published 23 Jun, 2023 06:00am

NEC apprised about the key challenges facing economy

ISLAMABAD: The National Economic Council (NEC) was informed that political instability, escalating security...

Updated 08 Jun, 2023 09:32am

Business & Finance

Exchange rate, POL prices: Inflation may stay at elevated level: MoF

ISLAMABAD: Inflation is expected to stay at an elevated level due to exchange rate depreciation and recent upward...

Published 01 Apr, 2023 06:21am

World

OECD raises global growth forecast but recovery ‘fragile’

PARIS: The OECD raised its global economic growth forecast on Friday as inflation eases and China emerges from Covid...

Published 17 Mar, 2023 06:55pm

Business & Finance

Dar discusses economic outlook with US official

ISLAMABAD: Federal Minister for Finance and Revenue Senator Ishaq Dar held a virtual meeting with Wally Adeyemo, US...

Published 01 Mar, 2023 06:21am

Business & Finance

ADB team briefed about economic outlook

ISLAMABAD: A delegation of executive directors of the Asian Development Bank (ADB) called on Federal Minister for...

Updated 28 Feb, 2023 09:37am

Business & Finance

Eurozone dodges recession but gloomy outlook persists

BRUSSELS: The eurozone economy showed greater resilience than expected after avoiding a recession in the fourth...

Published 06 Feb, 2023 06:53am

Business & Finance

Loan demand falls as higher interest rates bite: ECB

FRANKFURT: Demand for loans is falling in the eurozone as households and businesses grapple with higher borrowing...

Published 01 Feb, 2023 07:06am

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

Business & Finance

Floods deteriorate FY23 economic outlook: ADB

ISLAMABAD: Pakistan’s economic outlook for the fiscal year 2023 (ending June 30, 2023) has deteriorated following...

Updated 15 Dec, 2022 09:55am

Business & Finance

JPMorgan Chase reports lower profits

NEW YORK: JPMorgan Chase reported a drop in third-quarter profits Friday as it set aside funds for potential loan...

Published 17 Oct, 2022 06:37am

Business & Finance

US banks report solid results but warn of rising recession risk

NEW YORK: Large US banks reported a round of solid quarterly profits Friday, but cautioned of rising recession risks...

Published 17 Oct, 2022 06:35am

Pakistan

Economic outlook uncertain, likely to remain below target, warns Pakistan's finance ministry

Macroeconomic imbalances may ease with the expected slowdown in economic growth, says Monthly Economic Update & Outlook for September

Updated 30 Sep, 2022 05:38pm

Oil demand rises as gas prices surge: IEA

Prices of natural gas and electricity have jumped to new records

Updated 12 Aug, 2022 10:18am

Business & Finance

UK banks resilient to ‘deteriorated outlook’: BoE

LONDON: UK banks can survive the “deteriorated economic outlook” with the sector more resilient than during 2008...

Published 06 Jul, 2022 07:11am

Oil slumps nearly 3pc

NEW YORK: Oil prices tumbled about 3% on Wednesday as investors worried that rate hikes by the Federal Reserve could...

Published 23 Jun, 2022 06:05am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.14
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
Germany DAX 30 / Dec 23	19,848.77
S&P 500 / Dec 24	6,040.04
India Sensex / Dec 24	78,472.87
Tokyo Nikkei / Dec 24	38,986.40
Nasdaq / Dec 24	20,031.13
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,136.99
Dow Jones / Dec 24	43,297.03

Item	Value
Crude Oil USD/Barrel / Dec 24	70.10
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold 10 Grams PKR / Dec 24	240,487.70
Gold Spot USD/Ounce / Dec 24	2,616.87
Cotton US¢/pound / Dec 24	68.78
Petrol/Litre / Dec 25	252.10

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Dec 24 Security Investment Bank Limited(SIBL)	5.99 ▲ 1.00 (20.04%)
Next Capital / Dec 24 Next Capital Limited(NEXT)	8.90 ▲ 1.00 (12.66%)
Pak Agro Pack. (GEM) / Dec 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9 ▲ 1.00 (12.50%)
Ghani Chem. Ind. / Dec 24 Ghani Chemical Industries Limited(GCIL)	16.13 ▲ 1.47 (10.03%)
Pak Gulf Leasing / Dec 24 Pak-Gulf Leasing Company Limited(PGLC)	14.37 ▲ 1.31 (10.03%)
Popular Islamic / Dec 24 Popular Islamic Modaraba(PIM)	15.58 ▲ 1.42 (10.03%)
Mandviwala / Dec 24 Mandviwala Mauser Plastic Industries(MWMP)	16.59 ▲ 1.51 (10.01%)
Blessed Tex. / Dec 24 Blessed Textiles Limited(BTL)	301.77 ▲ 27.43 (10.00%)
Crescent Cotton / Dec 24 Crescent Cotton Mills Limited(CCM)	55 ▲ 5.00 (10.00%)

Stock	Price
S.G.Power / Dec 24 S.G. Power Limited(SGPL)	10.58 ▼ -1.18 (-10.03%)
Olympia Mills / Dec 24 Olympia Mills Limited(OML)	36 ▼ -4.00 (-10.00%)
J.A.Textile / Dec 24 J.A. Textile Mills Limited(JATM)	33.95 ▼ -3.77 (-9.99%)
Sanghar Sugar / Dec 24 Sanghar Sugar Mills Limited(SANSM)	26.16 ▼ -2.90 (-9.98%)
I.C.C. Ind. / Dec 24 ICC Industries Limited(ICCI)	9.85 ▼ -1.07 (-9.80%)
National Silk / Dec 24 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Gulshan Sp. / Dec 24 Gulshan Spinning Mills Limited(GSPM)	4.10 ▼ -0.40 (-8.89%)
Crescent Fib. / Dec 24 Crescent Fibres Limited(CFL)	40.16 ▼ -3.81 (-8.66%)
Reliance Ins. / Dec 24 Reliance Insurance Company Limited(RICL)	11.55 ▼ -1.05 (-8.33%)

Stock	Volume
WorldCall Telecom / Dec 24 Worldcall Telecom Limited(WTL)	126,573,463 ▲ 0.05
Fauji Foods Ltd / Dec 24 Fauji Foods Limited(FFL)	66,984,381 ▲ 0.49
Cnergyico PK / Dec 24 Cnergyico PK Limited(CNERGY)	66,471,663 ▼ -0.27
Pak Elektron / Dec 24 Pak Elektron Limited(PAEL)	38,651,653 ▼ -1.53
K-Electric Ltd. / Dec 24 K-Electric Limited(KEL)	36,108,956 ▼ -0.18
Sui South Gas / Dec 24 Sui Southern Gas Company Limited(SSGC)	33,467,532 ▼ -0.50
P.T.C.L. / Dec 24 Pakistan Telecommunication Company Ltd(PTC)	33,030,118 ▼ -1.31
TRG Pak Ltd / Dec 24 TRG Pakistan Limited(TRG)	29,441,264 ▲ 3.35
Pace (Pak) Ltd. / Dec 24 Pace (Pakistan) Limited(PACE)	28,106,970 ▼ -0.18

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