Trends - Kwasi Kwarteng - Business Recorder

Kwasi Kwarteng

UK politicians caught in sting operation about second jobs

LONDON: A senior British minister on Sunday defended former cabinet colleagues after they were shown negotiating...

Published 27 Mar, 2023 07:18am

World

Britain’s ex-finance minister Kwarteng told Truss to ‘slow down’ tax cuts

LONDON: Britain’s former finance minister in Liz Truss’s short-lived government said in an interview Thursday he had...

Published 11 Nov, 2022 11:01am

World

UK PM fights for survival in first parliament questions since U-turns

LONDON: British Prime Minister Liz Truss is set to address lawmakers in parliament on Wednesday for the first time...

Published 19 Oct, 2022 10:55am

World

UK parliament speaker grants urgent question on Kwarteng sacking

Leader of the House of Commons Penny Mordaunt will on Monday answer an urgent question in parliament on the sacking...

Published 17 Oct, 2022 05:55pm

Markets

UK finance minister seeks to stem bond rout by rushing forward tax plan

LONDON: New British finance minister Jeremy Hunt, seeking to stem a dramatic loss of confidence among investors in...

Published 17 Oct, 2022 12:35pm

Markets

Good day for UK gilts turns bad after PM Truss gives statement

LONDON: Bond investors were unconvinced by British Prime Minister Liz Truss’s partial reversal of her economic ...

Published 17 Oct, 2022 05:57am

Markets

European shares gain

LONDON: European shares gained on Friday marking an upbeat end to the week, helped by an initial boost after the...

Published 17 Oct, 2022 05:57am

World

Biden calls UK PM’s abandoned tax cut plan a ‘mistake’

PORTLAND: US President Joe Biden on Saturday dubbed right-wing British Prime Minister Liz Truss’s abandoned tax cut...

Published 16 Oct, 2022 10:56am

World

New UK finance minister tears up tottering PM’s agenda

LONDON: Britain’s new finance minister Jeremy Hunt warned Saturday of looming tax hikes as he dramatically reversed...

Published 16 Oct, 2022 10:36am

UK’s Truss sacrifices her finance minister

LONDON: British Prime Minister Liz Truss fired her finance minister Kwasi Kwarteng on Friday and scrapped parts of...

Updated 15 Oct, 2022 09:41am

World

UK PM Liz Truss's news conference after finance minister sacked

LONDON: British Prime Minister Liz Truss fired her finance minister Kwasi Kwarteng on Friday and scrapped parts of...

Updated 14 Oct, 2022 08:16pm

World

UK’s Truss has fired Kwarteng

LONDON: British Prime Minister Liz Truss fired her finance minister Kwasi Kwarteng on Friday, the BBC reported,...

Published 14 Oct, 2022 05:44pm

World

UK corporation tax set to rise to 25%

Britain’s corporation tax will rise to 25% this April, the Daily Telegraph reported on Friday, in a second...

Published 14 Oct, 2022 05:34pm

World

UK finance minister says ‘not going anywhere’ amid talk of new U-turns

LONDON: Britain’s beleaguered finance minister insisted Thursday he was safe in his job but endured a rebuke in...

Published 14 Oct, 2022 09:57am

Business & Finance

BoE doubles potential bond buy-backs

LONDON: The Bank of England sought to ease concerns about this week’s expiry of its programme designed to calm...

Published 11 Oct, 2022 05:54am

Markets

BoE doubles size of bond buy-backs as emergency plan nears expiry

LONDON: The Bank of England moved to ease concerns about the expiry at the end of this week of its emergency...

Published 10 Oct, 2022 01:08pm

World

UK’s Truss forced into U-turn on tax after week of market turmoil

BIRMINGHAM, (England): British Prime Minister Liz Truss was forced on Monday into a humiliating U-turn after less...

Published 04 Oct, 2022 05:55am

Business & Finance

UK drops tax cut for top earners in budget U-turn

LONDON: Britain on Monday scrapped plans to axe its top income tax rate just 10 days after a debt-driven budget...

Published 03 Oct, 2022 12:15pm

Opinion

Under water: how the Bank of England threw markets a lifeline

Calls to the Bank of England saying some British pension funds were struggling to meet margin calls began on Monday....

Published 03 Oct, 2022 06:16am

World

UK's Kwarteng favours outsider to run finance ministry, newspapers say

LONDON: New British finance minister Kwasi Kwarteng plans to name a civil servant who is a Treasury outsider to run...

Published 02 Oct, 2022 11:14pm

World

UK’s Starmer to insist Labour fit to govern as crisis rocks govt

LIVERPOOL: Labour leader Keir Starmer will argue Tuesday his once-fractured party is ready to lead Britain out of...

Published 27 Sep, 2022 10:52am

Markets

Two-year yields highest since 2007

NEW YORK: Two-year yields hit 15-year highs on Friday and the yield curve inversion deepened as investors fretted...

Published 26 Sep, 2022 06:07am

Opinion

Britain’s new vision leaves onlookers with nightmares

Britain’s new economic agenda represents the biggest gamble for growth in a major Western democracy in at least 40...

Updated 25 Sep, 2022 06:47am

World

Britain bets all on historic tax cuts and borrowing, investors take fright

LONDON: Britain’s new finance minister Kwasi Kwarteng unleashed historic tax cuts and huge increases in borrowing on...

Published 23 Sep, 2022 05:01pm

Business & Finance

Britain unveils anti-inflation budget as recession looms

LONDON: The UK’s new government unveils Friday multibillion-pound measures aimed at supporting households and...

Published 23 Sep, 2022 09:58am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
Dow Jones / Dec 17	43,449.90
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71
Hang Seng / Dec 18	19,857.31
FTSE 100 / Dec 18	8,222.99
Germany DAX 30 / Dec 18	20,267.35

Item	Value
Gold 10 Grams PKR / Dec 17	241,860
Petrol/Litre / Dec 18	252.10
Crude Oil USD/Barrel / Dec 18	70.43
Karachi Cotton PKR/37.32 KG / Dec 18	17,585
Gold Spot USD/Ounce / Dec 18	2,644.54
Diesel/Litre / Dec 18	255.38

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.42 (10.37%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	61.55 ▲ 5.60 (10.01%)
Attock Cement / Dec 18 Attock Cement Pakistan Limited(ACPL)	259.27 ▲ 23.57 (10.00%)
AL-Ghazi Tractors / Dec 18 Al-Ghazi Tractors Limited(AGTL)	564.23 ▲ 51.29 (10.00%)

Stock	Price
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
First Imrooz Mod. / Dec 18 First Imrooz Modaraba(FIMM)	180.01 ▼ -19.99 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
J.A.Textile / Dec 18 J.A. Textile Mills Limited(JATM)	44.37 ▼ -4.93 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Synthetic Prod / Dec 18 Synthetic Products Enterprises Limited(SPEL)	45.89 ▼ -5.10 (-10.00%)
Biafo Ind. / Dec 18 Biafo Industries Limited(BIFO)	198.85 ▼ -22.08 (-9.99%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.15
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.34
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	67,234,901 ▼ -0.51
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	60,136,151 ▲ 0.13
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -1.00
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	46,669,770 ▼ -0.33
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.67
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▼ -0.46
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	36,858,206 ▲ 1.01

Markets →

Budget 2024-25: income tax calculator for FY25

Kwasi Kwarteng

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