Trends - GDP growth - Business Recorder

GDP growth

China plans record budget deficit of 4% of GDP in 2025, say sources

Chinese leaders agreed last week to raise the budget deficit to 4% of gross domestic product (GDP) next year, its...

Published 17 Dec, 2024 10:42am

BR Research

Should the SBP be procyclical?

Inflation isn’t the monster it used to be—at least, not for now. But complacency is dangerous. The central bank’s...

Published 17 Dec, 2024 09:04am

Opinion

Stabilisation without growth: ventilators are not for recovery

No doubt, macroeconomic indicators are improving. The current account is stable, with a surplus expected in FY25....

Updated 25 Nov, 2024 08:05am

BR Research

Current account roundup 4MFY25: surpluses galore!

The current account posted a surplus of $349 million in October, and the 4MFY25 surplus stands at $218 million....

Published 19 Nov, 2024 08:50am

BR Research

The Fund must not behave like an accountant

It takes one to know one. The only IMF structural adjustment program ever successfully implemented by Pakistan was...

Published 15 Nov, 2024 08:32am

BR Research

Trump’s back to the future

Hindsight may be 20-20 but when it comes to a U.S. election contested by one Mr. Donald Trump, it is a blur of...

Published 11 Nov, 2024 08:59am

BR Research

Policy rate cut: caution beyond this point

Doves are in control at SBP. A 250 bps rate cut has been announced, slightly exceeding market expectations. Some...

Published 05 Nov, 2024 09:11am

Editorials

Expenditure growth rate

EDITORIAL: The International Monetary Fund (IMF) in its Fiscal Monitor report titled “Putting a Lid on Public Debt”...

Updated 28 Oct, 2024 08:25am

Business & Finance

Malaysia says advance estimates show Q3 growth at 5.3% y/y

KUALA LUMPUR: Malaysia’s economy likely grew 5.3% in the third quarter from a year earlier, slower than the previous...

Published 21 Oct, 2024 10:36am

Global energy price variations pose risks: SBP projects 2.5-3.5pc growth

KARACHI: The State Bank of Pakistan (SBP) has said that uncertainty on the economic front has reduced and...

Updated 18 Oct, 2024 09:38am

Pakistan

Pakistan’s GDP grows 3.07% in April-June, 2.52% in FY24

National Accounts Committee says growth in agriculture, industry and services stands at 6.76%, -3.59% and 3.69%, respectively, in fourth quarter of 2023-24

Updated 30 Sep, 2024 10:53pm

Business & Finance

ADB maintains GDP growth rate at 2.8pc

ISLAMABAD: The Asian Development Bank (ADB) maintained GDP growth projection for Pakistan at 2.8 percent and...

Published 26 Sep, 2024 06:48am

Higher returns thru Islamic banking perturb Senate panel?

ISLAMABAD: State Bank of Pakistan (SBP) Governor Jameel Ahmad, Wednesday, said that inflation is expected to remain...

Updated 26 Sep, 2024 09:03am

Business & Finance

Australia economy stuck in slow lane, household spending drags

SYDNEY: Australia’s economy stayed stuck in the slow lane in the June quarter as punishing borrowing costs and...

Published 04 Sep, 2024 11:01am

Opinion

Sectoral growth patterns in FY2023-24

The latest Pakistan Economic Survey for 2023-24, released in June, contains a comprehensive set of estimates on the...

Published 03 Sep, 2024 06:27am

Markets

Pakistan’s GDP growth to hit 3.2% in FY25, says Fitch Solutions’ BMI report

Growth to come on back of agriculture boost, lower policy rate and easing inflation
Projected figure still below govt's targeted level of 3.6%

Updated 18 Jul, 2024 10:08pm

WEO update: IMF maintains growth rate projection at 3.5pc

Releases latest report ‘World Economic Outlook (WEO) update: The Global Economy in a Sticky Spot'

Updated 17 Jul, 2024 05:21pm

Opinion

Challenge of lower growth: IMF bailout insufficient

The IMF Staff-Level Agreement (SLA) for $7 billion programme is done. However, that does not ensure revival of the...

Updated 15 Jul, 2024 08:17am

Opinion

Outlook for FY25

The fiscal year, 2024-25, promises to be an eventful year. It will see early negotiations between the Government of...

Updated 09 Jul, 2024 07:39am

Opinion

Taxation in Pakistan: taxing the untaxed elites

Chris Matthews’s famous quote “Paying tax is not a punishment. It’s a responsibility”. Most developed...

Updated 02 Jul, 2024 06:33am

BR Research

Current account roundup 11MFY24

The current account posted a deficit of $270 million in May 2024 after three straight months of surplus. The deficit...

Published 24 Jun, 2024 08:55am

Opinion

Fixing fiscal imbalances

Though Pakistan’s fiscal imbalances have been persisting since its inception, yet no serious efforts are yet in ...

Updated 21 Jun, 2024 07:26am

Opinion

Budget: an analysis

Flanked by the Deputy Prime Minister, Muhammad Ishaq Dar, once hailed as the PM-N’s (Pakistan Muslim...

Updated 14 Jun, 2024 07:56am

Pakistan

SBP expected to cut rates by 100bps, Reuters poll shows

ISLAMABAD: The State Bank of Pakistan (SBP) is widely expected to cut its key interest rate next week by 100 basis...

Updated 05 Jun, 2024 10:51pm

Opinion

Why is productivity low in Pakistan?

According to Paul Krugman, productivity is not everything but in the long run, it is almost everything. The average...

Updated 31 May, 2024 07:35am

Editorials

State of the economy

EDITORIAL: The Monthly Economic Update and Outlook for May 2024 was uploaded on the Finance Division website on 29...

Updated 31 May, 2024 07:26am

Business & Finance

IMF upgrades China’s 2024, 2025 GDP growth forecasts after ‘strong’ Q1

BEIJING: China’s economy is set to grow 5% this year, after a “strong” first quarter, the International Monetary...

Published 29 May, 2024 11:09am

Markets

Oil prices gain on expectations of OPEC+ extension to output cuts

LONDON: Oil prices grazed a four-week peak on Wednesday on expectations that major producers will extend output cuts...

Updated 29 May, 2024 05:20pm

Editorials

GDP growth for the current year

EDITORIAL: Pakistan Bureau of Statistics (PBS) estimated Gross Domestic Product growth rate for the current year at...

Updated 23 May, 2024 05:46am

Pakistan

Agri, industries perform: Pakistan posts 2.09% growth in Q3FY24, says NAC

Revises Q1 and Q2 estimates upwards to 2.71% and 1.79%, respectively
Targets GDP growth of 2.4% in FY24

Updated 21 May, 2024 10:07pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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GDP growth

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