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US debt ceiling

Fitch cuts US credit rating to AA+

WASHINGTON: Rating agency Fitch on Tuesday downgraded the US government’s top credit rating, a move that drew an...

Published 03 Aug, 2023 05:54am

World

U.S. Treasury can meet all obligations after debt ceiling suspension

WASHINGTON: The U.S. Treasury said it can now meet the federal government's payment obligations after a debt ceiling...

Published 05 Jun, 2023 11:05pm

World

Biden lauds ‘crisis averted’ with debt ceiling deal in first Oval Office address

WASHINGTON: US President Joe Biden declared a “crisis averted” on Friday in his first address from the White...

Published 05 Jun, 2023 03:27am

World

Biden signs debt ceiling bill into law, averting default

WASHINGTON: US President Joe Biden on Saturday signed into law a debt ceiling bill passed by Congress after weeks of...

Published 03 Jun, 2023 11:38pm

Markets

Oil jumps 3% on US debt ceiling progress, OPEC+ in focus

BENGALURU: Oil prices rose more than $2 a barrel on Thursday on hopes for a pause in U.S. interest rate hikes and...

Published 01 Jun, 2023 11:26pm

Markets

Wall St falls on Fed hike jitters ahead of debt ceiling vote

NEW YORK: US stock indexes fell on Wednesday as a deal to raise the nation’s debt ceiling headed for a crucial ...

Published 01 Jun, 2023 03:34am

Markets

European stocks hit two-month low on weak China data

PARIS: European shares hit a two-month low on Wednesday as concerns about a global slowdown on China’s weak...

Published 01 Jun, 2023 03:34am

Markets

Oil falls on weak China data, stronger dollar

HOUSTON: Oil prices fell on Wednesday on a stronger US dollar and as weak data from top oil importer China raised...

Published 01 Jun, 2023 03:34am

Markets

Copper heads for second monthly drop on dismal China data

LONDON: Copper prices fell back towards six-month lows on Wednesday after data showed factory activity in top...

Published 01 Jun, 2023 03:34am

Markets

Oil slides 4pc on worries about US debt ceiling

NEW YORK: Oil prices fell more than 4% on Tuesday on concerns about whether the US Congress will pass the US debt...

Published 31 May, 2023 03:56am

Markets

Tokyo stocks close higher on US debt deal

TOKYO: Tokyo stocks closed higher Monday, with investors cheered by signs of a breakthrough in US debt ceiling...

Published 30 May, 2023 03:37am

Markets

Oil dips as rate hike bets offset US debt deal

HOUSTON: Oil prices slipped on Monday, as worries over further interest rate hikes that could curb energy demand...

Published 30 May, 2023 03:37am

Markets

Gulf stock markets volatile on US debt deal, economic worries

Stock markets in the Gulf ended in different directions on Monday after US lawmakers reached a tentative agreement...

Updated 29 May, 2023 09:14pm

Markets

Dollar nudges lower as US debt ceiling deal dents safe-haven appeal

LONDON: The dollar nudged lower on Monday, pulling back from six-month peaks against the yen as a US debt ceiling...

Published 29 May, 2023 05:31pm

Business & Finance

Republicans, Biden reach debt ceiling deal

WASHINGTON: President Joe Biden and Republican leader Kevin McCarthy announced a deal Saturday to raise the debt...

Updated 29 May, 2023 08:54am

World

Republicans criticize McCarthy, Biden debt ceiling deal

WASHINGTON: After tough negotiations to reach a tentative deal with the White House on the U.S. borrowing limit, the...

Published 28 May, 2023 08:05pm

World

US debt ceiling negotiations push towards critical default deadline

WASHINGTON: Democratic and Republican negotiators said they were hopeful of reaching a deal to raise the federal...

Published 27 May, 2023 05:26pm

World

Biden, McCarthy looking to close US debt ceiling deal for two years

WASHINGTON: The White House and congressional Republicans on Friday aim to put the final touches on a deal to raise...

Published 26 May, 2023 05:46pm

Markets

Shanghai stocks open slightly lower

SHANGHAI: Chinese markets opened with small losses Friday morning as traders fret over the outlook for the country’s...

Published 26 May, 2023 10:35am

Markets

European shares slip as macro gloom weighs

PARIS: European stocks slipped on Thursday as concerns over the US debt ceiling standoff and a global economic...

Published 26 May, 2023 06:48am

World

Biden spending freeze plan would save $1 trillion: Treasury

WASHINGTON: President Joe Biden offered to freeze government spending at current levels during crunch debt talks...

Published 24 May, 2023 09:20pm

World

IMF chief calls US debt battle ‘unnecessary’ for world economy

DOHA: International Monetary Fund chief Kristalina Georgieva said Wednesday that protracted domestic wrangling over...

Published 24 May, 2023 06:14pm

Markets

Indian shares open lower on caution over US debt ceiling talks

BENGALURU: Indian shares opened lower on Wednesday, tracking a slide in US and Asian peers, after negotiations over...

Published 24 May, 2023 09:40am

World

IMF chief hopes US debt ceiling deal will come before ‘11th hour’

LONDON: International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday she hoped the world...

Published 23 May, 2023 06:41pm

World

Biden, McCarthy meeting ends with no deal on debt ceiling

WASHINGTON: President Joe Biden and House Speaker Kevin McCarthy could not reach an agreement Monday on how to raise...

Published 23 May, 2023 09:32am

World

Biden says Republican debt ceiling demands ‘unacceptable’

WASHINGTON: President Joe Biden on Sunday slammed Republican demands in negotiations to resolve the US debt ceiling...

Published 22 May, 2023 06:23am

Markets

Wall Street Week Ahead: Artificial intelligence gives real boost to US stock market

NEW YORK: Recent advances in artificial intelligence are fueling optimism over how businesses can operate more...

Published 22 May, 2023 06:23am

Markets

Wall St slips on debt ceiling uncertainty

NEW YORK: US stocks closed out the trading week on a soft note on Friday as early gains dissipated after US debt...

Published 22 May, 2023 06:23am

World

Yellen says June 1 is 'hard deadline' for raising debt ceiling

WASHINGTON: US Treasury Secretary Janet Yellen on Sunday said June 1 remains a "hard deadline" for raising the...

Updated 21 May, 2023 11:27pm

Markets

Japanese rubber futures post weekly gain

SINGAPORE: Japanese rubber futures delivered a weekly gain on Friday, driven by strong tyre manufacturer activity,...

Published 21 May, 2023 04:00am

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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US debt ceiling

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