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Moody’s Ratings raises China 2025 GDP forecast to 4.2% from 4.0%

HONG KONG: Moody’s Ratings said it had raised China’s 2025 GDP growth forecast to 4.2% from 4.0%, as it expected...

Published 16 Dec, 2024 10:43am

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

Business & Finance

UniCredit’s rating might top Italy’s if it buys Commerzbank, Moody’s says

MILAN: Moody’s would consider hiking UniCredit’s credit rating one notch above Italy’s sovereign rating if it bought...

Published 02 Oct, 2024 01:25pm

Business & Finance

Australia inflation jumps to 6 month high in May, ramps up rate hike risks

SYDNEY: Australian consumer inflation accelerated to a six-month high in May, while a key measure of core prices...

Published 26 Jun, 2024 11:05am

Business & Finance

Moody’s fires France credit rating warning over snap elections

LONDON: France’s snap parliamentary elections are negative for the country’s credit score, ratings agency Moody’s...

Published 11 Jun, 2024 12:12pm

Business & Finance

Modi’s smaller mandate to slow India’s fiscal tightening, Moody’s says

MUMBAI: The narrower margin of victory for Indian Prime Minister Narendra Modi’s alliance in elections will...

Published 05 Jun, 2024 12:35pm

Business & Finance

Moody’s raises China’s growth forecast to 4.5% for 2024

BEIJING: Moody’s raised China’s growth forecast for 2024 to 4.5% from 4.0%, it said in a statement released on...

Published 03 Jun, 2024 12:15pm

Pakistan

Moody’s says timely election result to reduce uncertainty in Pakistan: report

Moody’s Investor Services (Moody’s), a global credit ratings agency, said timely announcement of election results...

Updated 09 Feb, 2024 08:09pm

Business & Finance

Moody’s cuts NYCB ratings to junk, warns of more downgrades

Rating agency Moody’s downgraded New York Community Bancorp’s all long-term and some short-term issuer ratings to...

Published 07 Feb, 2024 11:32am

Business & Finance

India yet to see significant improvement in debt affordability: Moody’s

MUMBAI: India has not seen significant improvement in debt affordability to justify a rethink on the country’s...

Published 01 Feb, 2024 02:47pm

Pakistan

Pakistan can borrow through ICIEC to reduce financing cost, says CEO

KARACHI: As a member country, Pakistan can borrow through the Islamic Corporation for the Insurance of Investment...

Updated 20 Dec, 2022 11:16am

Opinion

Britain takes fight to restore investor faith into 2023

Major investors are rethinking their support for Britain’s economy following months of political turmoil and...

Published 17 Dec, 2022 05:58am

Opinion

Pakistan’s exports in the doldrums

Subsidies such as those relating to power tariffs have been the lifelines of our export industry, notably the ...

Published 29 Oct, 2022 05:55am

Editorials

Govt borrowing rises

EDITORIAL: The federal government borrowed 608.5 billion rupees from banks during the first 105 days of the current...

Published 27 Oct, 2022 05:54am

Editorials

Is there any way to ease economy’s travail?

EDITORIAL: The Ministry of Finance is reportedly stumped as to where to arrange the resources required to fund the...

Published 26 Oct, 2022 05:52am

Opinion

Foreign inflows at a low ebb

International perceptions of the declining credit worthiness of Pakistan have been augmented by the downgrading of...

Published 25 Oct, 2022 05:51am

Business & Finance

Rating outlook stays negative: Moody’s downgrades Wapda’s CFR & BCA to Caa1

ISLAMABAD: The Moody's Investors Service has downgraded Pakistan Water and Power Development Authority’s (Wapda)...

Published 12 Oct, 2022 05:46am

Dar touts ‘charter of economy’ idea, challenges Moody’s

Says if agency did not reverse the downgrade of Pakistan’s sovereign credit rating, he would give a 'befitting' reply

Updated 08 Oct, 2022 10:23am

Pakistan

Moody's cuts Pakistan's rating to Caa1

Rating agency says ongoing floods raise country's external financing needs, heightening risks of a balance of payments crisis

Updated 06 Oct, 2022 11:11pm

Business & Finance

Moody's retains India rating, says rising global challenges won't derail recovery

MUMBAI: Global challenges including the impact of the Russia-Ukraine conflict, higher inflation and tightening ...

Published 07 Sep, 2022 04:13am

Opinion

IMF programme needs to be protected

This is apropos a Business Recorder news item “Miftah gives a detailed account: How country saved itself from...

Updated 20 Jul, 2022 06:08am

Markets

Bloodbath: KSE-100 closes with 978-point fall as Fitch's downgrade dents sentiment

Index finishes below 40,400 level amid political uncertainty

Updated 19 Jul, 2022 05:29pm

Markets

Hammered by US dollar, rupee closes at record low of 221.99

Falls Rs6.79 or 3.06% in inter-bank market on Tuesday

Updated 19 Jul, 2022 05:51pm

Moody’s affirms B3 long-term deposit ratings of five banks

ISLAMABAD: Moody’s Investors Service has affirmed the B3 long-term deposit ratings of Pakistani banks and changed...

Updated 09 Jun, 2022 09:47am

Opinion

Pessimism grows

The nation started the year 2022 under a euphoria of all good after moving out of the Covid pandemic largely...

Published 04 Jun, 2022 04:18am

Moody’s lowers Wapda’s rating to negative

ISLAMABAD: Moody’s Investors Service has revised Pakistan Water and Power Development Authority (Wapda)’s ...

Updated 04 Jun, 2022 10:06am

Business & Finance

KATI demands withdrawal of rise in POL products’, power prices

KARACHI: President of Korangi Association of Trade and Industry (KATI) Salman Aslam has demanded to immediately...

Published 04 Jun, 2022 04:18am

Markets

Bloodbath at PSX: KSE-100 closes over 920 points lower amid economic headwinds

Index closes at41,314.88 after Moody's downgrade of Pakistan's outlook, other negative developments

Updated 03 Jun, 2022 06:08pm

Moody’s changes outlook to negative

ISLAMABAD: Moody’s Investors Service (Moody’s) has downgraded its outlook for Pakistan from stable to negative....

Updated 03 Jun, 2022 09:41am

Business & Finance

Moody’s cuts Ukraine debt rating, outlook negative

WASHINGTON: Moody’s on Friday cut Ukraine’s debt rating for the second time in three months and lowered the...

Published 22 May, 2022 06:03am

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

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