Trends - Fitch - Business Recorder

Fitch

Fitch flags concerns over ‘significant’ US fiscal policy challenges

WASHINGTON: The United States is facing “significant” tax-and-spend challenges this year that are unlikely to be...

Published 08 Jan, 2025 12:21am

Business & Finance

Fitch puts some Adani bonds on negative watch after US bribery charges

Ratings agency Fitch has put some Adani Group bonds on watch for a possible downgrade after US authorities indicted...

Published 26 Nov, 2024 11:22am

Pakistan

Aurangzeb explores climate financing, trade deals with global institutions

Finance Minister Muhammad Aurangzeb engaged with global financial institutions, including Standard Chartered Bank...

Updated 24 Oct, 2024 11:19pm

Editorials

FBR revenue shortfall

EDITORIAL: The Federal Board of Revenue (FBR) acknowledged a shortfall of 98 billion rupees during the first two...

Published 03 Sep, 2024 06:27am

Inflation decline, credit rating hike: PM derives satisfaction from indicators

Says government committed to economic reforms

Updated 02 Sep, 2024 03:28pm

World

Moody’s raises India’s growth forecasts, Fitch affirms rating

MUMBAI: Moody’s raised India’s growth projection for 2024 and 2025 citing signs of improving rural demand, while...

Published 29 Aug, 2024 03:22pm

Editorials

The external financial commitments

EDITORIAL: Governor State Bank of Pakistan Jameel Ahmad, in an interview with a foreign news agency, stated that...

Updated 29 Aug, 2024 10:37am

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

Editorials

SBP Governor: cautious optimism

EDITORIAL: The Governor of State Bank of Pakistan, Jamil Ahmed, clarified to the National Assembly’s Standing...

Published 09 Aug, 2024 06:56am

Editorials

Another IMF precondition met

EDITORIAL: Federal Finance Minister Muhammad Aurangzeb told reporters on the side-lines of the Senate Parliamentary...

Published 08 Aug, 2024 06:22am

Business & Finance

Fitch upgrades Wapda’s IDR to ‘CCC+’

ISLAMABAD: Fitch Ratings has upgraded Water and Power Development Authority (Wapda)’s Long-Term Foreign Currency...

Updated 07 Aug, 2024 09:14am

Opinion

All is not quite well!

A reality check shows a yawning gap between the relatively small audience (external more than internal as the ...

Updated 05 Aug, 2024 08:36am

Pakistan

‘Economic situation is showing signs of improvement’

ISLAMABAD: Barrister Aqeel Malik, the Government’s Spokesperson on Legal Affairs, on Wednesday said that the...

Published 01 Aug, 2024 06:55am

Editorials

Economy remains in the eye of the storm

EDITORIAL: From a macro-perspective there was good news, however slight it maybe for the growing number of sceptics...

Published 31 Jul, 2024 06:40am

PM welcomes Fitch upgrade

ISLAMABAD: Prime Minister Shehbaz Sharif has welcomed Pakistan’s Triple C plus rating by global credit rating agency...

Updated 30 Jul, 2024 09:50am

Business & Finance

Fitch upgrades rating to ‘CCC+’

KARACHI: Fitch Ratings has upgraded Pakistan’s Long Term Issuer Default Rating by one notch to CCC+, which ...

Published 30 Jul, 2024 03:10am

Business & Finance

India must strengthen manufacturing to create jobs, Fitch analyst says

MUMBAI: India needs to strengthen its manufacturing sector to create jobs in the economy and facilitate its...

Published 24 Jul, 2024 06:56am

Business & Finance

Fitch Ratings told: Over 0.15m retailers registered as new taxpayers: Aurangzeb

ISLAMABAD: Finance Minister Muhammad Aurangzeb on Monday said more than 150,000 retailers have been registered as...

Published 23 Jul, 2024 06:34am

Pakistan

Aurangzeb apprises Fitch representatives about IMF deal, reform measures for stable growth

Finance Minister informs ratings agency officials that Pakistan aims to increase revenues by 1.5% of GDP in FY 2025 and by 3% over the next three years

Updated 22 Jul, 2024 10:51pm

Editorials

‘Constitutional meltdown’?

EDITORIAL: It’s not yet been announced when the IMF’s executive board will meet to discuss the fate of the...

Updated 22 Jul, 2024 07:35am

Pakistan

Fitch co says PML-N govt to remain in power for next 18 months

ISLAMABAD: BMI, a Fitch Solutions company has predicted that the Pakistan Muslim League-Nawaz-led government will...

Published 19 Jul, 2024 06:05am

Editorials

Budget strengthens IMF deal prospects?

EDITORIAL: The rating agency Fitch reaffirmed Pakistan’s rating at CCC reflective of continuing external funding...

Published 24 Jun, 2024 07:16am

Business & Finance

Budget strengthens IMF programme prospects: Fitch

ISLAMABAD: Pakistan’s ambitious fiscal year 2025 budget strengthens prospects for an International Monetary Fund...

Published 20 Jun, 2024 06:01am

Pakistan

Fitch Ratings says Pakistan’s ‘ambitious’ budget strengthens IMF deal prospects

Believes tight policy settings may depress growth more than the government expects, reduces growth forecast to 3% for FY25

Updated 19 Jun, 2024 10:06pm

Editorials

Interaction with S&P and Fitch

EDITORIAL: Finance Minister Muhammad Aurangzeb met with representatives from Standard and Poor’s and Fitch on the...

Published 24 Apr, 2024 03:50am

Aurangzeb tries to ease concerns of S&P, Fitch

Meets with representatives of S&P Global and Fitch Ratings on the sidelines of the IMF/World Bank Spring Meetings in Washington D.C

Updated 22 Apr, 2024 11:49pm

Business & Finance

Fitch cuts China’s ratings outlook on growth risks

BEIJING: Fitch cut its outlook on China’s sovereign credit rating to negative on Wednesday, citing risks to public...

Updated 10 Apr, 2024 02:34pm

Business & Finance

US banks face loss risk from multi-family property loan exposure, says Fitch

WASHINGTON: US banks with significant lending exposure to some multi-family properties and particularly...

Published 29 Mar, 2024 04:45am

Opinion

IMF programme will test SIFC

Two is a trend, they say, and twice in two weeks now the market has shrugged off concerns of international rating...

Published 29 Feb, 2024 04:41am

Opinion

Default, then?

Fitch’s doubts about securing a post-SBA (Stand-By Arrangement) IMF lifeline show that even leading IFIs...

Published 22 Feb, 2024 06:55am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 17	278.75
USD PKR Interbank Buying / Jan 17	278.65
USD to Japanese Yen / Jan 17	156.30
USD to Swiss Franc / Jan 17	0.92
Pound Sterling to USD / Jan 17	1.22
Euro to USD / Jan 17	1.03

Stock	Volume
S&P 500 / Jan 17	5,996.66
India Sensex / Jan 17	76,619.33
Tokyo Nikkei / Jan 17	38,451.46
Nasdaq / Jan 17	19,630.20
Hang Seng / Jan 17	19,584.06
FTSE 100 / Jan 17	8,505.22
Dow Jones / Jan 17	43,487.83
Germany DAX 30 / Jan 17	20,903.39

Item	Value
Crude Oil USD/Barrel / Jan 17	78.88
Karachi Cotton PKR/37.32 KG / Jan 17	18,785
Gold 10 Grams PKR / Jan 17	242,283
Gold Spot USD/Ounce / Jan 17	2,703.25
Cotton US¢/pound / Jan 17	67.60
Petrol/Litre / Jan 18	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 17 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.60 ▲ 1.00 (15.15%)
S.G.Power / Jan 17 S.G. Power Limited(SGPL)	9.51 ▲ 1.00 (11.75%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.82 ▲ 1.17 (10.04%)
Jah.Sidd. Co. / Jan 17 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.62 ▲ 2.15 (10.01%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Bilal Fibres / Jan 17 Bilal Fibres Limited(BILF)	15.95 ▲ 1.45 (10.00%)
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	77.09 ▲ 7.01 (10.00%)

Stock	Price
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.77 ▼ -2.75 (-12.21%)
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.35 ▼ -0.72 (-11.86%)
Tariq Corp.Pref. / Jan 17 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	14.98 ▼ -1.66 (-9.98%)
Gulshan Sp. / Jan 17 Gulshan Spinning Mills Limited(GSPM)	4.01 ▼ -0.43 (-9.68%)
Zahid Jee Textile / Jan 17 Zahidjee Textile Mills Limited(ZAHID)	27.51 ▼ -2.70 (-8.94%)
Mandviwala / Jan 17 Mandviwala Mauser Plastic Industries(MWMP)	21.50 ▼ -2.00 (-8.51%)
Universal Ins. / Jan 17 The Universal Insurance Company Limited(UVIC)	9.23 ▼ -0.65 (-6.58%)
Tata Textile / Jan 17 Tata Textile Mills Limited(TATM)	47.10 ▼ -2.80 (-5.61%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.01
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.04
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	36,743,585 ▲ 5.79
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	32,265,861 ▲ 0.83
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	28,402,498 ▲ 2.84
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	24,195,904 ▲ 7.01
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.94
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,675,539 ▲ 0.30
K-Electric Ltd. / Jan 17 K-Electric Limited(KEL)	16,024,776 ▲ 0.09

Markets →

Budget 2024-25: income tax calculator for FY25

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