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World Bank

World Bank official stresses need for sustainable fiscal reforms

ISLAMABAD: The World Bank’s (WB) Global Director, Governance Global Practice, Equitable Growth, Finance, and...

Published 26 Apr, 2024 04:15am

World

Mideast tensions threaten global progress on inflation: World Bank

WASHINGTON: The ongoing tensions in the Middle East threaten to halt – or even reverse – some of the recent progress...

Published 25 Apr, 2024 05:24pm

Pakistan

$400m HEDP restructuring project: World Bank’s help sought

ISLAMABAD: The government has requested the World Bank for restructuring of Higher Education Development in Pakistan...

Published 25 Apr, 2024 03:05am

Business & Finance

Upcoming budget: Experts support stabilisation reforms

ISLAMABAD: In the context of a forthcoming IMF program and upcoming budget for FY 2024-2035, economic minds on...

Updated 25 Apr, 2024 08:54am

Pakistan ‘highly vulnerable’ to impacts of climate change: WB

ISLAMABAD: The World Bank has warned that Pakistan is highly vulnerable to the impacts of climate change, with...

Updated 23 Apr, 2024 08:37am

World

World Bank financing arm IFC plans $1.9bn in Ukraine investments

WASHINGTON: The World Bank’s private investment arm expects to finance $1.9 billion in projects in Ukraine over the...

Published 22 Apr, 2024 01:02pm

Aurangzeb tries to ease concerns of S&P, Fitch

Meets with representatives of S&P Global and Fitch Ratings on the sidelines of the IMF/World Bank Spring Meetings in Washington D.C

Updated 22 Apr, 2024 11:49pm

Crisis-Resilient Social Protection programme: World Bank to approve $270m additional financing next month

ISLAMABAD: The World Bank will provide additional financing of $ 270 million for Crisis-Resilient Social Protection...

Updated 22 Apr, 2024 09:00am

Aurangzeb briefs global FIs on reform initiatives

Finance minister meets with World Bank’s Regional Vice President for South Asia Martin Raiser to discuss Pakistan’s reform initiatives and development priorities in Washington DC

Updated 21 Apr, 2024 11:30am

Business & Finance

IMF, WB steering committee stresses accountability as reforms advance

WASHINGTON: The steering committee for both International Monetary Fund and the World Bank on Saturday emphasized ...

Published 21 Apr, 2024 04:10am

Opinion

Pakistan on the IMF doorstep again

With Pakistan embroiled in an acute burden of debt, to the extent that 70 percent of its revenue is diverted to pay...

Published 20 Apr, 2024 04:18am

Aurangzeb, SFD CEO discuss funding for dam, highway

WASHINGTON: Federal Minister for Finance Muhammad Aurangzeb met with Sultan Abdulrahman Al-Marshad, CEO Saudi Fund...

Updated 20 Apr, 2024 02:07pm

Business & Finance

Activists demand debt cancellation amid IMF-WB meetings

LAHORE: Activists from Pakistan Kissan Rabita Committee and Labour Education foundation staged a protest outside...

Published 20 Apr, 2024 04:18am

Pakistan

Pakistan’s inflation deceleration broad-based, says central bank chief

Jameel Ahmad says qualitative improvements in external account allowed the State Bank to more than double its foreign exchange reserves since January 2023

Updated 18 Apr, 2024 10:43pm

Aurangzeb-led team to meet US official Donald Lu?

ISLAMABAD: Finance Minister Muhammad Aurangzeb, who is currently in Washington attending World Bank-IMF Spring...

Updated 18 Apr, 2024 09:26am

Pakistan

World Bank, Pakistan agree on need for 10-year rolling country framework plan: Finance Division

Aurangzeb also shares reform agenda during meeting with World Bank chief

Updated 17 Apr, 2024 05:56pm

Pakistan

CM for adoption of ‘new cropping pattern’ to offset water shortage effects

KARACHI: Sindh Chief Minister Syed Murad Ali Shah expressing concern over the impact of climate change on water...

Published 17 Apr, 2024 05:28am

World

Yellen says it’s important to unlock value of Russian assets to aid Ukraine

WASHINGTON: The U.S. and its Group of Seven (G7) allies are continuing to explore a range of possibilities to unlock...

Published 16 Apr, 2024 10:31pm

Editorials

Unified GST collection proposed

EDITORIAL: The World Bank has urged the government of Pakistan to merge various federal and provincial revenue...

Published 15 Apr, 2024 03:56am

IMF: economic team leaves for Washington

The team will request IMF for approval of a new loan programme

Updated 15 Apr, 2024 09:54am

World

World Bank chief pushes internal reforms at spring meetings

WASHINGTON: World Bank President Ajay Banga said on Friday he plans to highlight a range of process improvements...

Updated 12 Apr, 2024 11:10pm

Pakistan

$400m higher education project ‘moderately satisfactory’: World Bank

ISLAMABAD: The World Bank has rated the implementation progress of the “Higher Education Development in Pakistan...

Published 10 Apr, 2024 02:16am

Editorials

Shocking poverty trends

EDITORIAL: The spillover effects of the low growth/high inflation double whammy are becoming clearer by the day. And...

Published 09 Apr, 2024 05:06am

BR Research

Circular debt mystery: What is the real number?

If it had not been for the World Bank Pakistan Development Update, the common folk would have continued guessing the...

Published 08 Apr, 2024 08:00am

Editorials

The quest for FDI

EDITORIAL: World Bank report titled “South Asia Development Update Jobs for Resilience” highlights the existing...

Published 08 Apr, 2024 04:46am

Pakistan

World Bank country director, Maryam discuss development projects

LAHORE: Punjab Chief Minister Maryam Nawaz Sharif had a meeting with World Bank Country Director Najy Benhassine, to...

Published 05 Apr, 2024 04:50am

Pakistan

Gender gaps, gender-based violence facing women, girls persist: World Bank

ISLAMABAD: Despite some progress, gender gaps, gender-based violence, and disadvantageous social norms facing women...

Published 04 Apr, 2024 04:56am

Business & Finance

Pakistan seeks transfer of agriculture technology from Netherlands

Development shared by Finance Division after Aurangzeb's meeting with the Netherlands envoy

Published 03 Apr, 2024 04:24pm

World Bank identifies hurdles to foreign investment

Says inflation is expected to remain high

Updated 03 Apr, 2024 09:54am

No reduction in poverty in sight: World Bank projects 1.8pc growth

ISLAMABAD: The World Bank has projected Pakistan’s GDP growth at 1.8 percent against the budgetary estimates of 3.5...

Updated 03 Apr, 2024 09:46am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 20	278.50
USD PKR Interbank Buying / May 20	278.30
USD to Japanese Yen / May 20	156.25
USD to Swiss Franc / May 20	0.91
Pound Sterling to USD / May 20	1.27
Euro to USD / May 20	1.09

Stock	Volume
S&P 500 / May 20	5308.13
India Sensex / May 20	74005.94
Tokyo Nikkei / May 20	38069.68
Nasdaq / May 20	16794.88
Hang Seng / May 20	19636.22
FTSE 100 / May 20	8424.20
Dow Jones / May 20	39806.77
Germany DAX 30 / May 20	18768.96

Item	Value
Karachi Cotton PKR/37.32 KG / May 17	19935
Crude Oil USD/Barrel / May 20	79.65
Gold 10 Grams PKR / May 20	214678
Gold Spot USD/Ounce / May 20	2430.25
Cotton US¢/pound / May 20	76.03
Petrol/Litre / May 21	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 21 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 21 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 21 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 21 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 21 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 21 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 21 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 21 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 21 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 21 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 21 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 21 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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