Trends - Davos - Business Recorder

Davos

Economists pilloried for getting forecasts wrong

PARIS: Economists are taking flak after missing the mark on inflation, failing to anticipate disruptions in global...

Updated 04 Feb, 2024 10:10pm

Business & Finance

Talk in Davos of ‘high for longer’ as CEOs wrestle with rates

DAVOS: Business leaders and financiers in Davos this week said they are preparing for “high for longer” ...

Published 20 Jan, 2024 05:18am

Pakistan

KSA FM meets Kakar

DAVOS: Foreign Minister of Saudi Arabia, Faisal bin Farhan bin Abdullah Thursday called on Caretaker Prime Minister,...

Published 19 Jan, 2024 05:37am

Business & Finance

Pakistan, Dubai ink over $3bn pacts in diverse fields

LAHORE: In a landmark move, the governments of Pakistan and Dubai have solidified their economic ties through the...

Published 19 Jan, 2024 05:37am

Life & Style

At WEF, Sharmeen Obaid-Chinoy urges women to ‘take charge’

Filmmaker Sharmeen Obaid-Chinoy spoke about challenging misogyny, having the courage to fight and opening doors, in...

Published 18 Jan, 2024 05:14pm

Pakistan

Pakistan, Dubai ink over $3bn investment pact at Davos

Authorities sign agreements to strengthen relations in the marine and logistics sectors

Updated 18 Jan, 2024 09:56pm

World

India eyes $100bn annual foreign direct investment in coming years: IT minister

DAVOS: India is eyeing $100 billion in annual foreign direct investment (FDI) “in the next few years”, its IT...

Published 17 Jan, 2024 08:41pm

World

Iran foreign minister in Davos: Attacks on Israel will end if Gaza war stops

DAVOS: Iran’s foreign minister said on Wednesday that attacks against Israel and its interests by the “Axis of...

Published 17 Jan, 2024 07:29pm

World

UN chief says parties to Gaza war ‘trampling’ on international law

DAVOS: United Nations Secretary-General Antonio Guterres said on Wednesday that parties to the conflict in Gaza were...

Published 17 Jan, 2024 06:06pm

World

Argentina’s ‘anarcho-capitalist’ president descends on Davos

DAVOS: Argentina’s self-styled “anarcho-capitalist” leader, Javier Milei, will address the global elite in Davos on...

Published 17 Jan, 2024 12:00pm

Perspectives

If the Palestinian cause isn’t resolved now, then it never will

The day after the war. The unspoken and untenable situation that nobody has wanted to speak about. Certainly not the...

Updated 16 Jan, 2024 11:21pm

World

Blinken promises Zelensky US will sustain support for Ukraine

DAVOS: Secretary of State Antony Blinken promised sustained US support for Ukraine in a meeting Tuesday with...

Published 16 Jan, 2024 05:50pm

Business & Finance

Next move is a rate cut but date is open question: ECB’s Villeroy

The European Central Bank cannot yet declare victory over inflation but its next move is likely to be an interest...

Published 16 Jan, 2024 12:38pm

World

China bids to woo back global elites at Davos forum

DAVOS: China will put on a show of force Tuesday with a large delegation represented by Prime Minister Li Qiang at...

Published 16 Jan, 2024 12:30pm

World

IMF chief says AI holds risks, ‘tremendous opportunity’ for global economy

WASHINGTON: Artificial intelligence poses risks to job security around the world but also offers a “tremendous...

Published 15 Jan, 2024 11:23am

World

83 countries hold Ukraine peace talks

DAVOS: More than 80 countries were holding talks on Sunday seeking common ground on Ukraine’s peace formula, as the...

Published 14 Jan, 2024 08:18pm

World

Extreme weather and misinformation top global risks at Davos

NEW YORK: Risk specialists see extreme weather and misinformation as most likely to trigger a global crisis in the...

Published 12 Jan, 2024 03:06am

Markets

Credit Suisse flags ‘material weaknesses’ in financial reporting

ZURICH: Credit Suisse released its delayed annual report on Tuesday in which it identified “material weaknesses” in...

Published 14 Mar, 2023 02:17pm

Pakistan

Can Pakistan break cycle of destruction in flood rebuilding?

GOZO: It is nearly five months since floodwaters swept away Muhammad Fazal’s general store in southern Pakistan....

Published 02 Feb, 2023 11:01am

Opinion

The Saudi snub, and after…

The prime minister’s decision to do whatever was needed to complete the 9th review of the stalled IMF programme ...

Updated 26 Jan, 2023 06:19am

Business & Finance

Dollar climbs against yen as BOJ affirms ultra-easy policy

NEW YORK: The dollar soared against the yen on Friday, on track for its largest daily gain in roughly two weeks,...

Published 23 Jan, 2023 08:01am

Opinion

IMF – No half measures

Last week it appeared that the economic reality is finally sinking into the government high-ups. The statement of...

Updated 23 Jan, 2023 08:22am

Business & Finance

Most CEOs gloomy on growth in more than a decade: PwC survey

DAVOS: Confidence among companies in their growth prospects has dropped the most since the 2007-08 global financial...

Published 23 Jan, 2023 05:57am

Business & Finance

Western climate subsidies risk hitting emerging markets: IMF

DAVOS, (Switzerland): The head of the IMF warned Friday that Western subsidies to combat climate change and ...

Published 21 Jan, 2023 06:46am

Opinion

Debt, inequality and austerity

‘In most western countries, inequality is rising, and social mobility has stalled. Our citizens are losing...

Published 20 Jan, 2023 06:44am

World

Scholz wants US, Germany to both send tanks to Ukraine: US congressman

DAVOS: German Chancellor Olaf Scholz has told US congressmen in Davos that Germany will supply heavy tanks to...

Published 19 Jan, 2023 05:45pm

World

2023 economy will be ‘a lot better than feared’: Lagarde

DAVOS: The eurozone economy will fare “a lot better” this year than initially feared, European Central Bank chief...

Published 19 Jan, 2023 05:40pm

Business & Finance

UN chief slams oil firms for ‘big lie’ on global warming

DAVOS: UN Secretary-General Antonio Guterres skewered oil firms on Wednesday for having “peddled the big lie”...

Published 19 Jan, 2023 05:58am

World

Davos 2023: NATO chief calls for significant boost in arms for Ukraine

DAVOS: Ukraine needs a “significant increase” in weapons at a pivotal moment in Russia’s invasion and such support...

Published 18 Jan, 2023 08:37pm

World

Davos 2023: Saudi-US partnership is crucial for global security, says Saudi envoy

DAVOS: Saudi Arabia’s ambassador to the United States said on Wednesday that maintaining the long-standing strategic...

Published 18 Jan, 2023 05:25pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 14	278.27
USD PKR Interbank Buying / May 14	278.07
USD to Japanese Yen / May 14	156.42
USD to Swiss Franc / May 14	0.91
Pound Sterling to USD / May 14	1.26
Euro to USD / May 14	1.08

Stock	Volume
S&P 500 / May 13	5221.42
Nasdaq / May 13	16388.24
Dow Jones / May 13	39431.51
India Sensex / May 14	72853.85
Tokyo Nikkei / May 14	38227.19
Hang Seng / May 14	19120.21
FTSE 100 / May 14	8427.64
Germany DAX 30 / May 14	18697.64

Item	Value
Karachi Cotton PKR/37.32 KG / May 13	19935
Crude Oil USD/Barrel / May 14	79.23
Gold 10 Grams PKR / May 14	207733
Gold Spot USD/Ounce / May 14	2344.20
Cotton US¢/pound / May 14	77.55
Petrol/Litre / May 15	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 15 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 15 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 15 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 15 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 15 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 15 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 15 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 15 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 15 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 15 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 15 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 15 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 15 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 15 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 15 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 15 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 15 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 15 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 15 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 15 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 15 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 15 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 15 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 15 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 15 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 15 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 15 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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