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 / Nov 15	277.70
USD PKR Interbank Buying / Nov 15	277.50
USD to Japanese Yen / Nov 15	154.30
USD to Swiss Franc / Nov 15	0.89
Pound Sterling to USD / Nov 15	1.26
Euro to USD / Nov 15	1.05

Stock	Volume
India Sensex / Nov 14	77,580.31
S&P 500 / Nov 15	5,870.62
Tokyo Nikkei / Nov 15	38,642.91
Nasdaq / Nov 15	18,680.12
Hang Seng / Nov 15	19,426.34
FTSE 100 / Nov 15	8,063.61
Dow Jones / Nov 15	43,444.99
Germany DAX 30 / Nov 15	19,210.81

Item	Value
Crude Oil USD/Barrel / Nov 15	67.02
Gold 10 Grams PKR / Nov 15	233,371.60
Gold Spot USD/Ounce / Nov 15	2,563.25
Cotton US¢/pound / Nov 15	68.91
Karachi Cotton PKR/37.32 KG / Nov 16	18,085
Petrol/Litre / Nov 17	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▼ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▼ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▼ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▲ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▲ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▲ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 17 Worldcall Telecom Limited(WTL)	77,999,077 ▲ 0.00
Fauji Foods Ltd / Nov 17 Fauji Foods Limited(FFL)	70,721,702 ▲ 0.00
Hascol Petrol / Nov 17 Hascol Petroleum Limited(HASCOL)	55,501,231 ▲ 0.00
K-Electric Ltd. / Nov 17 K-Electric Limited(KEL)	36,884,955 ▲ 0.00
Sui South Gas / Nov 17 Sui Southern Gas Company Limited(SSGC)	36,294,630 ▲ 0.00
D.S. Ind. Ltd. / Nov 17 D.S. Industries Limited(DSIL)	32,226,742 ▲ 0.00
TRG Pak Ltd / Nov 17 TRG Pakistan Limited(TRG)	29,018,611 ▲ 0.00
Pak Int.Bulk / Nov 17 Pakistan International Bulk Terminal(PIBTL)	22,405,457 ▲ 0.00
Treet Battery / Nov 17 Treet Battery Limited(TBL)	21,319,898 ▲ 0.00

Markets →

Budget 2024-25: income tax calculator for FY25

Kwasi Kwarteng

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