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Business Recorder
5 days ago
- Business
- Business Recorder
Weekly SPI inflation up 4.07%
ISLAMABAD: The Sensitive Price Index-based inflation increased by 4.07 percent for the week ended July 24, 2025 compared to 0.38 per cent in the previous week. The statistics issued by Pakistan Bureau of Statistics (PBS) showed a major increase in the prices of gas charges for Q1 29.85 per cent, tomatoes 22.93 per cent, electricity charges for Q1 21.46 per cent, eggs 3.96per cent, garlic 1.39 per cent, cigarettes 0.51 per cent, beef 0.46 per cent, rice basmati broken 0.45 per cent, powdered milk 0.29 per cent, energy saver 0.23 per cent and fresh milk by 0.16 per cent. On the other hand, decrease is observed in the prices of chicken7.95 per cent, sugar4.25 per cent, onions 3.05 per cent, bananas 2.81per cent, LPG2.09 per cent, potatoes 1.82 per cent, wheat flour 1.19 per cent, moong 0.43 per cent and pulse gram 0.32 per cent. SPI-based inflation slows down During the week, out of 51 items, prices of 14 items (27.45 per cent) increased, 12 items (23.53 per cent) decreased and 25 items (49.02 per cent) remained stable. While major increase is observed in the prices of ladies sandal 55.62 per cent, gas charges for Q1 29.85 per cent, sugar 21.89 per cent, moong 16.42 per cent, beef 14.08 per cent, vegetable ghee 2.5kg 12.46 per cent vegetable ghee 1kg 12.17 per cent, gur 11.30 per cent, eggs10.70 per cent, firewood 10.52 per cent, cooked daal 9.47 per cent, and printed lawn 7.32 per cent. Major decrease is observed in the prices of onions 49.13 per cent, tomatoes 30.2 per cent, electricity charges for Q1 24.23 per cent, garlic 23.64 per cent, wheat flour 23.21 per cent, maash 20.76 per cent, tea Lipton 17.93per cent, potatoes 15.11 per cent, masoor 8.86 per cent and petrol 1.24per cent. The SPI for consumption groups up to Rs17,732 with an increase of 3.98 per cent recorded at 317.34 points. The SPI for consumption group of Rs17,732 to 22,888 with an increase of 5.26 per cent was recorded at 317.42 points against previous week's calculation of 301.55, the SPI for the income group Rs22,889-29,517 with an increase of 4.44 per cent was recorded at 340.39 points against previous week's recording of 325.92 points, the SPI for the income group Rs29,518-44,175 with an increase of 1.02 per cent was recorded at 328.38 points against previous week's reading of 319.26 points and SPI for the monthly income group above Rs44,175 registered an increase of 3.03 per cent was recorded at 328.92 points against 319.26 points of the previous week calculation. The combined increase for all expenditure groups recorded at 329.09 points compared to 316.23 points of previous week registering an increase of 4.07 per cent. Copyright Business Recorder, 2025
Business Recorder
5 days ago
- Business
- Business Recorder
Weekly SPI inflation up 4.07pc
ISLAMABAD: The Sensitive Price Index-based inflation increased by 4.07 percent for the current week ended July 24, 2025 compared to 0.38 per cent in the previous week. The statistics issued by Pakistan Bureau of Statistics (PBS) showed a major increase in the prices of gas charges for Q1 29.85 per cent, tomatoes 22.93 per cent, electricity charges for Q1 21.46 per cent, eggs 3.96per cent, garlic 1.39 per cent, cigarettes 0.51 per cent, beef 0.46 per cent, rice basmati broken 0.45 per cent, powdered milk 0.29 per cent, energy saver 0.23 per cent and fresh milk by 0.16 per cent. On the other hand, decrease is observed in the prices of chicken7.95 per cent, sugar4.25 per cent, onions 3.05 per cent, bananas 2.81per cent, LPG2.09 per cent, potatoes 1.82 per cent, wheat flour 1.19 per cent, moong 0.43 per cent and pulse gram 0.32 per cent. SPI-based inflation slows down During the week, out of 51 items, prices of 14 items (27.45 per cent) increased, 12 items (23.53 per cent) decreased and 25 items (49.02 per cent) remained stable. While major increase is observed in the prices of ladies sandal 55.62 per cent, gas charges for Q1 29.85 per cent, sugar 21.89 per cent, moong 16.42 per cent, beef 14.08 per cent, vegetable ghee 2.5kg 12.46 per cent vegetable ghee 1kg 12.17 per cent, gur 11.30 per cent, eggs10.70 per cent, firewood 10.52 per cent, cooked daal 9.47 per cent, and printed lawn 7.32 per cent. Major decrease is observed in the prices of onions 49.13 per cent, tomatoes 30.2 per cent, electricity charges for Q1 24.23 per cent, garlic 23.64 per cent, wheat flour 23.21 per cent, maash 20.76 per cent, tea Lipton 17.93per cent, potatoes 15.11 per cent, masoor 8.86 per cent and petrol 1.24per cent. The SPI for consumption groups up to Rs17,732 with an increase of 3.98 per cent recorded at 317.34 points. The SPI for consumption group of Rs17,732 to 22,888 with an increase of 5.26 per cent was recorded at 317.42 points against previous week's calculation of 301.55, the SPI for the income group Rs22,889-29,517 with an increase of 4.44 per cent was recorded at 340.39 points against previous week's recording of 325.92 points, the SPI for the income group Rs29,518-44,175 with an increase of 1.02 per cent was recorded at 328.38 points against previous week's reading of 319.26 points and SPI for the monthly income group above Rs44,175 registered an increase of 3.03 per cent was recorded at 328.92 points against 319.26 points of the previous week calculation. The combined increase for all expenditure groups recorded at 329.09 points compared to 316.23 points of previous week registering an increase of 4.07 per cent. Copyright Business Recorder, 2025
Qatar Tribune
16-07-2025
- Business
- Qatar Tribune
QIB net profit up 5.3% to QR2.18 billion in H1
Tribune News Network Doha Qatar Islamic Bank (QIB), the country's leading Shari'a-compliant financial institution, has reported a net profit of QR2,175 million for the six-month period ending 30 June 2025, marking a 5.3 percent increase compared to QR2,065 million recorded during the same period last year. The bank's earnings per share rose to QR0.92 in H1 2025 from QR0.87 in H1 2024, reflecting sustained profitability growth. In a move reinforcing its shareholder-friendly policies, QIB's board of directors has approved an interim cash dividend of QR0.40 per share, equivalent to 40 percent of the nominal share value. This payout, which is subject to regulatory approval from Qatar Central Bank, will be distributed to shareholders registered as of market close on July 24, 2025. QIB's total assets surged to QR212.1 billion as of 30 June 2025, registering a 5.6 percent growth from December 2024 and a 10.3 percent increase year-on-year. The bank attributed this robust asset growth primarily to increased financing and investing activities. Financing assets climbed to QR130.8 billion, reflecting a 4.4 percent increase from December 2024 and a 3.1 percent rise compared to June 2024. Investment securities reached QR60.1 billion, up 13.4 percent from December 2024 and 21.9 percent higher year-on-year, as QIB continued to diversify and strengthen its investment portfolio. Customer deposits increased to QR135 billion, registering an 8 percent rise since December 2024 and a 10 percent increase compared to June 2024. The finance-to-deposit ratio stood at 96.8 percent, one of the lowest among Qatari banks, underlining QIB's strong and stable liquidityprofile. QIB's total income for H1 2025 reached QR5,642.8 million, up slightly from QR5,609.3 million in the same period last year. Net income from financing and investing activities alone amounted to QR5,127.8 million, underscoring the bank's core revenue-generating strength. Operational efficiency remains a cornerstone of QIB's strategy. The bank's total operating expenses stood at QR537.7 million for the first half of 2025. Cost containment efforts brought the cost-to-income ratio down to 16.4 percent—once again the lowest in Qatar's bankingsector. On the asset quality front, QIB maintained its ratio of non-performing financing assets to total financing assets at 1.75 percent, showcasing strong credit risk management and prudent underwriting standards. Coverage for non-performing assets stood at 95.1 percent as of 30 June 2025, supported by a conservative provisioning strategy. QIB's shareholders' equity increased to QR28.1 billion, marking a 3.4 percent rise from December 2024 and a 9.2 percent increase year-on-year. The capital adequacy ratio (CAR), calculated according to the new Qatar Central Bank guidelines, stood at a robust 22 percent—well above the regulatory minimum and Basel III requirements. QIB's financial strength and stability were reaffirmed by major global credit rating agencies. In June 2025, Fitch Ratings affirmed QIB's long-term issuer default rating at 'A' with a stable outlook. Moody's maintained its 'A1' rating with a stable outlook, while Capital Intelligence Ratings (CI) affirmed a long-term rating of 'AA-' with a stable outlook in March 2025. As QIB continues to deliver on its strategic goals, the bank remains committed to sustainable growth, digital innovation, and value creation for its customers and stakeholders, further reinforcing its leading position in Qatar's Islamic banking sector.
Business Recorder
12-07-2025
- Business
- Business Recorder
SPI-based inflation rises
ISLAMABAD: The Sensitive Price Index (SPI)-based inflation continued to show an upward trend as it increased by 0.95 for the current week ended on July 10, 2025 compared to 0.73 in the previous week. According to the data released by Pakistan Bureau of Statistics (PBS), major increase is observed in the prices of chicken 22.61percent, tomatoes 13.45percent, onions 6.25percent, potatoes 2.79percent, garlic 2.36percent, sugar 1.90percent, gur 1.89percent and rice basmati broken 0.84percent. On the other hand, decrease is observed in the prices of LPG 2.56percent, mustard oil 0.81percent, moong0.41percent, cooking oil 5-litre 0.20percent, and wheat flour and vegetable ghee 2.5kg 0.02percent each. Weekly SPI inflation up 0.73pc During the week, out of 51 items, prices of 19 items increased by 37.25percent, six items decreased by 11.77percent and 26 items remained stable at 50.98percent. The Year-on-Year trend depicts a decrease of 1.23percent. A major decrease is observed in the prices of onions 50.04percent, tomatoes 45.66percent, electricity charges for Q1 37.62percent, garlic 22.80percent, wheat flour 22.19percent, mash 20.46percent, tea Lipton 17.93percent, potatoes 12.97percent, masoor 9.37percent, and diesel 1.58percent, while a major increase is observed in the prices of ladies sandal 55.62percent, sugar 29.17percent, moong18.89 percent, beef14.71percent, chicken 13.77percent, gur 12.66percent, vegetable ghee 2.5kg and 1kg 12.46percent each, firewood 10.44 percent, powdered milk 9.41 percent, lawn printed 7.89 percent, and shirting 7.31 percent. The SPI for consumption groups of Rs17,732 to 22,888 with an increase of 1.06 percent was recorded at 300.90 against previous week's calculation of 297.63, the SPI for the income group Rs22,889-29,517 with an increase of 0.99percent was recorded at 325.06 points against previous week's recording of 321.87 points, the SPI for the income group Rs29,518-44,175 with an increase of 1.02 percent was recorded at 315.58 points against previous week's reading of 312.40 and SPI for the monthly income group above Rs44,175 registered an increase of 0.88 percent was recorded at 317.79 points against 315.02 points of the previous week calculation. Copyright Business Recorder, 2025
Business Recorder
21-06-2025
- Business
- Business Recorder
Weekly inflation in Pakistan up 0.27%
ISLAMABAD: The Sensitive Price Index (SPI)-based inflation for the week ended June 19, 2025 registered an increase of 0.27 per cent owing to an escalation in the prices of liquefied petroleum gas (LPG) 14.86 per cent, potatoes 3.75 per cent, diesel 3.10 per cent, gur 2.25 per cent, chicken 2.17 per cent, sugar 2.13 per cent, petrol 1.88 per cent, mustard oil 1.12 per cent, powdered milk 0.97 per cent, rice basmati broken 0.84 per cent, cooked daal 0.68 per cent, and tea prepared 0.39 per cent. The SPI data released here on Friday by the Pakistan Bureau of Statistics (PBS) on year-on-year (YoY) depicted a decrease of 2.06 owing to decrease in the prices of onions 63.22 per cent, tomatoes 56.11 per cent, electricity charges for Q1 41.63 per cent, garlic 32.58 per cent, maash 19.09 per cent, potatoes 17.97per cent, tea Lipton 17.93 per cent, wheat flour 14.16 per cent, chicken six per cent, masoor 5.87 per cent, rice IRRI-6/9 witnessed a reduction of 4.47per cent and chilies powder 3.86 per cent. Weekly SPI up by 0.02pc While on YoY major increase was observed in the prices of ladies sandal 55.62 per cent, moong 28.90 per cent, sugar 26.19 per cent, powdered milk 25.93 per cent, LPG 21.77 per cent eggs 17.90 per cent, beef 15.74 per cent, vegetable ghee 2.5kg 13 per cent, vegetable ghee 1kg 12.73 per cent), bananas 12.47 per cent, gur 10.85 per cent, firewood 10.80per cent and cooked daal 10.64 per cent. On the other hand, a decrease is observed in the prices of eggs (9.53 per cent), tomatoes (5.62 per cent), garlic (1.03 per cent), pulse gram (0.35 per cent), vegetable ghee 2.5kg (0.17 per cent), cooking oil 5 litre (0.03 per cent) and bananas and firewood (0.01 per cent) each. During the week, out of 51 items, prices of 23 (45.10 per cent) items increased, eight (15.69 per cent) items decreased and 20 (39.21 per cent) items remained stable. The SPI for the lowest consumption group with monthly income up to Rs17,732 witnessed an increase of 0.05 per cent and was recorded at 299.50 points from previous week's 299.40 points. The SPI for consumption groups of Rs17,732 to 22,888 with an increase of 0.05 per cent was recorded at 295.36 against previous week's calculation of 295.20, the SPI for the income group Rs22,889-29,517 with an increase of 0.10per cent was recorded at 320.05 points against previous week's recording of 319.72 points, the SPI for the income group Rs29,518-44,175 with an increase of 0.13 per cent was recorded at 310.88 points against previous week's reading of 310.47 and SPI for the monthly income group above Rs44,175 recorded an increase of 0.42 per cent from 313.60points to 312.29. Copyright Business Recorder, 2025
