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World Bank

Yellen urges more IMF, WB reforms for climate fight

BENGUERIR (Morocco): US Treasury Secretary Janet Yellen said Tuesday she backed efforts to boost the lending...

Published 11 Oct, 2023 03:10am

BR Research

Diesel: Low(est) demand or high(est) smuggling?

September 2023 petroleum sales numbers were a rude awakening – laying bare so many things simultaneously. From the...

Published 10 Oct, 2023 09:05am

World

World Bank urges cooling of Israel-Gaza conflict

MARRAKECH, (Morocco): The World Bank on Monday urged a “rapid de-escalation” of the fighting in Israel and Gaza...

Published 10 Oct, 2023 06:19am

Business & Finance

IMF, World Bank hold first meetings in Africa in 50 years

MARRAKESH: The IMF and World Bank began talks in Morocco Monday in their first annual meetings on African soil in 50...

Published 10 Oct, 2023 06:19am

World Bank for taxation of agri income, property

ISLAMABAD: The World Bank (WB) has recommended taxation of agricultural income and property, withdrawal of...

Updated 10 Oct, 2023 11:22am

Privatising Discos to create private-sector monopolies, warns World Bank

ISLAMABAD: The privatisation of distribution companies (Discos) may lead to private-sector monopolies in the absence...

Updated 10 Oct, 2023 08:46am

World

World Bank says it hopes for a rapid de-escalation of the conflict in Israel, Gaza

MARRAKECH: The World Bank on Monday told its staff it was gravely concerned about the “shocking escalation” of...

Published 09 Oct, 2023 05:03pm

Business & Finance

IMF, World Bank hold first meetings in Africa in 50 years

MARRAKESH: The IMF and World Bank gather in Morocco Monday for their first annual meetings on African soil in 50...

Published 09 Oct, 2023 12:15pm

Opinion

Poverty on the rise

Poverty levels have risen from 34.2 percent in 2022 to 39.4 percent in 2023, pushing 12.5 million people below the...

Updated 09 Oct, 2023 07:03am

IMF, World Bank meetings: Shamshad-led team leaves for Morocco

ISLAMABAD: Pakistan’s economic team, led by Caretaker Finance Minister Dr Shamshad Akhtar has departed for Morocco...

Updated 09 Oct, 2023 08:42am

Editorials

CCER: stupendous task

EDITORIAL: The eleven-member Cabinet Committee for Economic Revival (CCER) has suggested slashing the budgeted...

Updated 09 Oct, 2023 07:01am

Human capital investment: WB rates $200m KP project progress unsatisfactory

ISLAMABAD: The World Bank has rated the overall implementation progress of the Khyber-Pakhtunkhwa Human Capital...

Updated 08 Oct, 2023 05:35pm

World

Emerging economies face China and rate pressures as IMF, World Bank meet

LONDON: Emerging economies are facing headwinds from all sides, with a recent selloff in U.S. Treasuries and China’s...

Published 07 Oct, 2023 06:28pm

Opinion

Implementation – a key challenge

The World Bank issues ‘policy advice’ to Pakistan, from time to time, on key reforms, structural weaknesses and...

Updated 07 Oct, 2023 06:42am

World

IMF, World Bank to tackle climate goals among reforms at annual meetings

WASHINGTON: The World Bank and International Monetary Fund will tackle the thorny issue of institutional reform at...

Published 06 Oct, 2023 03:03am

Pakistan

Flood-affected areas projects: WB official, minister discuss progress

ISLAMABAD: Country Director World Bank Njay Benhassine called on Caretaker Minister for Planning, Development and...

Published 06 Oct, 2023 03:03am

Opinion

World Bank needs to revisit its policy and lending focus

In its recently released report ‘Pakistan development update October 2023: restoring fiscal sustainability’ the...

Updated 06 Oct, 2023 09:56am

Business & Finance

WB seeks higher rates of FED on all brands of cigarettes

ISLAMABAD: The World Bank (WB) has strongly recommended higher rates of the federal excise duty (FED) on all brands...

Published 06 Oct, 2023 03:03am

World

World Bank sees Saudi economy contracting in 2023, MENA growth sharply lower

DUBAI: The World Bank expects Saudi Arabia’s economy to contract by 0.9% in 2023, it said in a report on Thursday,...

Published 05 Oct, 2023 06:58pm

World

IMF, World Bank to tackle climate goals among reforms at annual meetings

WASHINGTON: The World Bank and International Monetary Fund will tackle the thorny issue of institutional reform at...

Published 05 Oct, 2023 10:24am

World

Pakistan among developing countries facing a debt crunch

LONDON: High interest rates, growing investor risk aversion and borrowing that ballooned in recent years have left a...

Published 04 Oct, 2023 03:43pm

Opinion

Lines Area too deserves Sindh caretaker govt’s attention

The caretaker government of Sindh deserves a lot of appreciation for coming up with a plan that no elected or...

Published 04 Oct, 2023 06:20am

Opinion

ChatGPT as pivot for digital healthcare professionals

30th November 2022 heralded the dawn of a major paradigm shift in the machine-based learning world. On that fateful...

Updated 04 Oct, 2023 06:52am

Editorials

Milking the system for what it is worth

EDITORIAL: During a press briefing in Washington DC, Julie Kozack, Director of Communications International Monetary...

Published 04 Oct, 2023 06:20am

World Bank projects primary balance at negative 0.4pc

ISLAMABAD: The World Bank has projected a primary balance for Pakistan at negative 0.4 percent (-0.4) for the...

Updated 04 Oct, 2023 08:36am

Certain tax policies discourage investment in tradable sector: World Bank

ISLAMABAD: Certain tax policies in Pakistan discourage investment in the tradable sector, and certain investment...

Updated 04 Oct, 2023 09:15am

Business & Finance

World Bank revises growth downward to 1.7pc

ISLAMABAD: The World Bank has revised downward Pakistan’s GDP growth projection for the current fiscal year 2023-24...

Published 04 Oct, 2023 06:20am

Pakistan

Poverty headcount in Pakistan reached 39.4% in FY23, projects World Bank

Expects poverty reduction to be gradual in the medium term, owing to weak growth and lower labor income, persistent inflation (especially for food and energy), and lower remittances

Updated 03 Oct, 2023 10:35pm

Pakistan

Pakistan’s GDP projected to recover to 1.7% in FY24: World Bank

This is 'predicated on the robust implementation of the IMF Stand-By Arrangement, new external financing and continued fiscal restraint'

Updated 03 Oct, 2023 10:43pm

World

World Bank maintains India current fiscal year growth forecast at 6.3%

NEW DELHI: The World Bank on Tuesday maintained its forecast for India’s economic growth for the current fiscal year...

Published 03 Oct, 2023 12:20pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 16	5297.10
Nasdaq / May 16	16698.32
Dow Jones / May 16	39869.38
India Sensex / May 17	73946.83
Tokyo Nikkei / May 17	38787.38
Hang Seng / May 17	19525.75
FTSE 100 / May 17	8430.62
Germany DAX 30 / May 17	18692.83

Item	Value
Petrol/Litre / May 17	273.10
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210048
Gold Spot USD/Ounce / May 17	2386.18
Diesel/Litre / May 17	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 17 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 17 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 17 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 17 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 17 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 17 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 17 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 17 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 17 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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