Trends - global inflation - Business Recorder

global inflation

ADB trims developing Asia’s growth forecast, flags US policy risks

MANILA: Developing Asia is likely to grow more slowly than previously thought this year and next, and the outlook...

Updated 12 Dec, 2024 09:43am

Business & Finance

OECD calls for higher property taxes to fight debt

PARIS: The OECD on Wednesday slightly raised its world economic growth forecast for 2024 but called for higher...

Published 26 Sep, 2024 06:48am

World

Global warming to raise food prices, inflation: study

PARIS: Global warming and heatwaves are expected to further increase food prices and overall inflation across the...

Published 23 Mar, 2024 05:41am

World

US, British forces carry out new strikes in Yemen

WASHINGTON: US and British forces carried out a fresh round of strikes on Monday in Yemen, targeting a Houthi...

Published 23 Jan, 2024 10:54am

World

IMF says global debt fell as share of GDP in 2022, may resume rising trend

WASHINGTON: The International Monetary Fund on Wednesday said that the global debt as a share of economic output...

Published 13 Sep, 2023 06:09pm

Business & Finance

Investors optimistic on global growth but China real estate top worry: BofA survey

LONDON: China’s real estate sector is the most likely source of a global systemic credit event, according to Bank of...

Published 12 Sep, 2023 05:06pm

Business & Finance

Global rice prices hit 15-year high after India’s curbs

PARIS: Global rice prices reached a 15-year high in August after top exporter India banned some overseas sales of...

Updated 09 Sep, 2023 09:24am

Business & Finance

Global economic transformation risks fuelling inflation: Lagarde

JACKSON HOLE (Wyoming): Profound changes in how the global economy operates, from increased protectionism to energy...

Published 28 Aug, 2023 06:27am

Markets

BoE set for fresh rate hike as UK inflation stays high

LONDON: The Bank of England is set to raise its key interest rate for a 14th time in a row Thursday as UK inflation...

Published 03 Aug, 2023 11:39am

World

China trade with Russia hits highest level since Ukraine war

BEIJING: China’s total trade with Russia in May soared to levels not seen since the beginning of Moscow’s war in...

Published 08 Jun, 2023 06:30am

Pakistan

Pakistan’s headline inflation hits new record at 38% in May 2023

Food inflation leads surge in general price levels

Updated 01 Jun, 2023 06:01pm

Business & Finance

Inflation fight risks central banks’ credibility and autonomy, BIS warns

LONDON: The credibility and independence of central banks around the world is at risk if stubbornly-high global...

Published 22 May, 2023 06:23am

Opinion

Public debt distress

The unprecedented fiscal firepower used to protect the vulnerable from the harsh socio-economic impact of the...

Updated 05 Apr, 2023 06:43am

Life & Style

Amid an uncertain economic environment, Pakistan's fashion industry pivots to maintain sales

A weakening rupee, rising inflation and a tight leash on imports brought on by depleting foreign exchange reserves...

Published 22 Mar, 2023 04:52am

Business & Finance

Taiwan revises down 2023 GDP growth forecast on export slump

TAIPEI: Taiwan’s trade-dependent economy is likely to grow more slowly this year than previously forecast, hit by ...

Published 27 Feb, 2023 06:17am

Opinion

Both IMF, govt need serious policy path correction

The International Monetary Fund (IMF) in its recently-released flagship report ‘World Economic Outlook [WEO] update:...

Updated 03 Feb, 2023 10:27am

Opinion

Lethargic economic management

About 84% of countries are expected to have lower headline (consumer price index) inflation in 2023 than in 2022....

Published 03 Feb, 2023 06:17am

Business & Finance

Cost-of-living crisis ‘biggest global risk’

LONDON: The cost-of-living crisis will be the biggest global risk over the next two years, a survey by the World...

Published 12 Jan, 2023 05:51am

World

‘The worst is yet to come’: the curse of high inflation

Globally, people are experiencing inflation at levels not seen for decades as prices surge for essentials like food,...

Published 08 Dec, 2022 07:40pm

World

Xi urges G20 wealthy nations to reduce fallout of rate hikes

NUSA DUA, (Indonesia): Chinese President Xi Jinping on Tuesday asked the G20 wealthy nations to contain the fallout...

Published 16 Nov, 2022 05:50am

Business & Finance

White House says more infrastructure spending coming, rejects inflation link

WASHINGTON: The White House on Tuesday said it had pushed out $185 billion in funding under a $1 trillion bipartisan...

Published 15 Nov, 2022 03:11pm

World

G20 summit opens in Bali with a plea for unity as Ukraine war tops agenda

NUSA DUA: Ukrainian President Volodymyr Zelenskiy told leaders of the world’s wealthiest nations on Tuesday that now...

Published 15 Nov, 2022 11:17am

World

Pay strike set to paralyse Paris metro

PARIS: Paris commuters were bracing for bedlam Thursday as metro workers called a major one-day pay strike, the...

Published 10 Nov, 2022 12:09pm

Markets

IMF agrees $4.5 billion Bangladesh support programme

LONDON: The International Monetary Fund (IMF) provisionally agreed a $4.5 billion support programme for Bangladesh...

Published 09 Nov, 2022 03:11pm

Opinion

Global economy and challenges for Pakistan

The following two paragraphs from the World Economic Outlook, October 2022, neatly sum up the challenges facing the...

Published 03 Nov, 2022 05:50am

Inflation rate at 19.9pc: IMF projects 3.5pc growth for 2023

Current account balance is projected at negative 2.5 per cent for 2023 compared to negative 4.6per cent for 2022

Updated 12 Oct, 2022 09:40am

Business & Finance

JPMorgan CEO Dimon warns of recession in 6 to 9 months

JPMorgan Chase & Co Chief Executive Jamie Dimon said on Monday the United States and the global economy could ...

Updated 10 Oct, 2022 10:43pm

World

World facing '5th wave' of debt crisis: World Bank chief

WASHINGTON: The world is facing a "fifth wave of debt crisis," World Bank President David Malpass warned Friday,...

Updated 07 Oct, 2022 09:24pm

Business & Finance

Turkish central bank stuns markets again with 100 basis-point rate cut, lira hits new low

ISTANBUL: Turkey's central bank delivered another surprise 100 basis-point rate cut on Thursday, sending the lira...

Published 22 Sep, 2022 07:03pm

Business & Finance

South African central bank governor’s comments on rate decision

JOHANNESBURG: Below are some quotes from South African Reserve Bank Governor Lesetja Kganyago as he announced the...

Published 22 Sep, 2022 06:39pm

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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