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Russian economy

‘G-7 Actions: risking greater conflict with Russia’

This is apropos a letter to the Editor by this writer with the above headline carried by the newspaper recently. I...

Published 22 Jun, 2024 06:47am

Business & Finance

Russian central bank raises key interest rate to 16% to counter inflation

MOSCOW: Russia’s central bank on Friday raised its key interest rate to 16 percent, announcing a fifth hike since...

Published 15 Dec, 2023 07:00pm

World

World Bank lifts Russia growth forecast on resilient energy exports

WASHINGTON: The World Bank has significantly improved its outlook for the Russian economy this year due to...

Published 06 Jun, 2023 06:49pm

World

Russia risks cloud outlook for Central Asia, Caucasus: IMF

ALMATY: Economic growth in Central Asia and the Caucasus will depend on how Russia’s economy performs in the face of...

Published 11 May, 2023 03:04pm

World

Russia may see wider 2023 budget deficit, lower growth for years to come: IMF

MOSCOW: Russia may see a sharply wider budget deficit and a smaller current account surplus this year, while global...

Published 11 Apr, 2023 06:22pm

G20 tussles overc war as West steps up sanctions

BENGALURU: Finance leaders of the world’s top economies sought on Friday to bridge differences over how to deal with...

Updated 25 Feb, 2023 09:04am

World

Sanctions having ‘significant negative effect’ on Russian economy: Yellen

BENGALURU: Sanctions imposed on Russia are having a “very significant effect”, US Treasury Secretary Janet Yellen...

Published 23 Feb, 2023 05:19pm

Opinion

US sanctions authority probes Raiffeisen on Russia

The United States’ sanctions authority has launched an inquiry into Raiffeisen Bank International over its ...

Published 19 Feb, 2023 03:19am

World

Russia revises up 2021 GDP growth estimate from 4.7pc to 5.6pc

MOSCOW: Russia’s federal statistics agency on Friday revised up its estimate for economic growth in 2021 from 4.7%...

Published 02 Jan, 2023 06:43am

Business & Finance

Russia likely to buy yuan on FX market in 2023

MOSCOW: Russia will start buying yuan on the currency market next year if oil and gas revenues meet expectations, ...

Published 23 Dec, 2022 05:54am

World

Washington considers sending advanced air defence system to Ukraine

KYIV/WASHINGTON: The United States was finalising plans to send its sophisticated Patriot air defence system to...

Published 14 Dec, 2022 11:03am

Opinion

Whoosh tests Russian IPO interest as foreign investors frozen out

Corporate Russia is watching closely this week as electric scooter firm Whoosh braves Russian economic isolation ...

Published 14 Dec, 2022 05:57am

World

Xi, Putin to attend G20 summit in Indonesia’s Bali this November

Chinese and Russian leaders Xi Jinping and Vladimir Putin will attend the G20 summit on the resort island of Bali...

Published 19 Aug, 2022 10:04am

BR Research

Stalemate, for now.

It’s almost six months since Russia’s brutal invasion of Ukraine unfolded, sending global financial markets and...

Published 19 Aug, 2022 08:55am

World

A 'default' when flush with cash: Five signs Russia ain't sinking yet

LONDON: Russia may have defaulted for the first time on foreign bonds since the Bolsheviks refused to pay on a vast...

Published 27 Jun, 2022 06:12pm

World

Putin says no Iron Curtain will close off Russia’s economy

LONDON: President Vladimir Putin said on Thursday that no Iron Curtain would fall over the Russian economy despite...

Published 09 Jun, 2022 08:10pm

Markets

Russia says no agreement reached with Turkey on Ukrainian grain sale

LONDON: The Kremlin said on Thursday that no agreement had been reached to sell grain from Ukraine to Turkey - which...

Published 09 Jun, 2022 06:56pm

Markets

UniCredit executive says chances to cut Russia exposure ‘limited’

MILAN: UniCredit has “limited” opportunities to reduce its exposure to Russia, the Italian bank’s finance chief said...

Published 08 Jun, 2022 07:09pm

Markets

VTB says Russian banks could get $52bn boost if country ditches Basel rules

Russia’s banks could get a 3.3 trillion rouble ($52 billion)capital boost if the central bank ditches Basel capital...

Published 26 May, 2022 06:21pm

Business & Finance

UK hits Russian airlines with fresh sanctions

LONDON: The UK government said on Thursday it is slapping further sanctions on Russia’s main airlines by barring...

Published 19 May, 2022 03:08pm

World

Russian central bank eyes rate cut, warns of structural changes to economy

Russia’s central bank will consider cutting its key interest rate further at upcoming board meetings, Governor...

Published 21 Apr, 2022 08:38pm

Markets

Inflation in Russia hits highest since early 2002

Annual inflation in Russia accelerated to 17.62% as of April 15, its highest since early 2002 and up from 17.49% a...

Published 20 Apr, 2022 10:00pm

Business & Finance

Russian rouble firms vs dollar, OFZ bonds near 2-month highs

MOSCOW: The Russian rouble firmed against the dollar on Tuesday, while prices for OFZ government bonds rose to their...

Published 20 Apr, 2022 05:12am

Markets

Inflation in Russia hits highest in more than 20 years

Annual inflation in Russia accelerated to 17.49% as of April 8, its highest since February 2002 and up from 16.70% a...

Published 13 Apr, 2022 09:46pm

World

Ukrainian foreign minister says ready to negotiate, but will not surrender

WASHINGTON: Ukraine was ready to negotiate to end the war started by Russia's invasion more than two weeks ago, but...

Published 12 Mar, 2022 11:04pm

World

UK foreign minister ‘kicks’ Russia envoy out of meeting

LONDON: British Foreign Secretary Liz Truss berated Moscow’s ambassador over his country’s invasion of Ukraine ...

Published 25 Feb, 2022 06:19am

World

US plans to cut ties with targeted Russian banks if Ukraine is invaded

WASHINGTON/NEW YORK: President Joe Biden’s administration has prepared an initial package of sanctions against...

Published 22 Feb, 2022 04:43am

Business & Finance

Russia raises key rate to 7.5%, signals more hikes possible

The central bank raised its 2022 average rate projection to 7.3-8.3% from 6.0-7.0%

Published 22 Oct, 2021 04:39pm

Business & Finance

Russia ups key rate to 6.75%, signals more hikes possible

"If the situation develops in line with the baseline forecast, the Bank of Russia holds open the prospect of further key rate rises at its upcoming meetings"

Published 10 Sep, 2021 04:59pm

Business & Finance

Russian central bank sees its key rate at 6-7% in 2022

The Bank of Russia will hold its next board meeting on Sept. 10, where it is expected to raise the key rate again by at least 25 basis points

Published 02 Sep, 2021 06:00pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 17	278.60
USD PKR Interbank Buying / Dec 17	278.60
USD to Japanese Yen / Dec 17	153.56
USD to Swiss Franc / Dec 17	0.89
Pound Sterling to USD / Dec 17	1.27
Euro to USD / Dec 17	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
India Sensex / Dec 17	80,684.45
Tokyo Nikkei / Dec 17	39,164.26
Nasdaq / Dec 17	20,109.06
Hang Seng / Dec 17	19,815.30
FTSE 100 / Dec 17	8,195.20
Dow Jones / Dec 17	43,449.90
Germany DAX 30 / Dec 17	20,246.37

Item	Value
Crude Oil USD/Barrel / Dec 17	70.11
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold 10 Grams PKR / Dec 17	241,860
Gold Spot USD/Ounce / Dec 17	2,644.07
Cotton US¢/pound / Dec 17	68.53
Petrol/Litre / Dec 18	252.10

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	8 ▲ 0.89 (12.52%)
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%)
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%)
Nimir Resins / Dec 18 Nimir Resins Limited(NRSL)	35.16 ▲ 3.20 (10.01%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)
Diamond Ind. / Dec 18 Diamond Industries Limited(DIIL)	20.90 ▲ 1.90 (10.00%)

Stock	Price
Equity Modaraba / Dec 18 First Equity Modaraba(FEM)	3.01 ▼ -0.43 (-12.50%)
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
Din Tex. / Dec 18 Din Textile Mills Limited(DINT)	45.90 ▼ -5.10 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)
Calcorp Ltd / Dec 18 Calcorp Limited(CASH)	26.22 ▼ -2.91 (-9.99%)
Fazal Cloth / Dec 18 Fazal Cloth Mills Limited(FZCM)	163 ▼ -16.55 (-9.22%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.14
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▼ -0.10
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.47
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▲ 0.00
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -0.82
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.17
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▲ 0.09
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▼ -3.62
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	31,365,092 ▼ -0.22

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