Trends - Asian Development Bank

Asian Development Bank

Debt deal with creditors could help Sri Lanka clear IMF bailout review

COLOMBO: Sri Lanka’s pact with creditor nations to restructure its debt prepares the way for the International...

Published 30 Nov, 2023 11:00am

Business & Finance

ADB approves $180m loan for water, sewerage facilities in Punjab

ISLAMABAD: The Asian Development Bank (ADB) has approved a $180 million loan to improve water supply and solid waste...

Published 29 Nov, 2023 05:09am

Pakistan

ADB approves $180mn to improve Punjab’s water supply & waste management

'Developing Resilient Environments and Advancing Municipal Services in Punjab Project' expected to benefit as many as 1.5 million people

Updated 28 Nov, 2023 04:09pm

Pakistan

Shamshad irked by project delays

ISLAMABAD: Expressing concern over project delays, particularly those critically delayed, caretaker Federal Minister...

Published 22 Nov, 2023 05:48am

Markets

Asian Development Bank approves $250mn for power transmission network

ADB says Power Transmission Strengthening Project will help reinforce stability of national grid

Updated 17 Nov, 2023 08:49pm

ADB IED rates power transmission investment programme as successful plan

ISLAMABAD: The Independent Evaluation Department (IED) of the Asian Development Bank (ADB) has rated “Pakistan:...

Updated 16 Nov, 2023 09:25am

Pakistan

ADB approves $2m grant for Sindh coastal resilience project

ISLAMABAD: The Asian Development Bank (ADB) has approved technical assistance of US two million dollars for...

Published 25 Oct, 2023 06:19am

Pakistan

KP CM discusses foreign funded projects with Secretary EAD, ADB

PESHAWAR: Caretaker Chief Minister Khyber Pakhtunkhwa Muhammad Azam Khan was called on by Federal Secretary for...

Published 21 Oct, 2023 06:05am

Markets

ADB approves $300mn loan to fund greening of Chinese coal city

BEIJING: The Asian Development Bank (ADB) said on Saturday it had approved a $300 million loan to an industrial city...

Published 30 Sep, 2023 01:40pm

ADB revises growth downward to 1.9pc: Inflation revised upward to 25pc from 15pc

ISLAMABAD: The Asian Development Bank (ADB) has revised Pakistan’s GDP growth forecast for the fiscal year 2024 down...

Updated 21 Sep, 2023 09:37am

Markets

China’s property crisis weighs on developing Asia’s 2023 growth outlook: ADB

MANILA: Economic growth in developing Asia this year will be slightly lower than previously expected as the weakness...

Published 20 Sep, 2023 11:43am

Pakistan

Downward revision: ADB sees Pakistan’s GDP growth to ‘recover modestly’ to 1.9% in FY24

Prospects closely tied to steadfast and consistent implementation of policy reforms to stabilise economy and rebuild fiscal, external buffers, it says

Updated 20 Sep, 2023 10:56pm

Markets

Pandemic, inflation push 68 million more in Asia into extreme poverty, Asian Development Bank says

MANILA: The coronavirus pandemic and rise in cost of living have pushed close to 70 million more people in...

Published 24 Aug, 2023 10:31am

Pakistan

FY23: ADB says Pakistan’s economy weighed down by tighter monetary, fiscal policies

The Asian Development Bank (ADB) on Wednesday said Pakistan’s economic growth in the fiscal year 2023 remained lower...

Published 19 Jul, 2023 04:30pm

Markets

ADB cuts inflation forecast for developing Asia

MANILA: The Asian Development Bank cut its inflation forecast for developing Asia on Wednesday, as food and fuel...

Published 19 Jul, 2023 01:07pm

Business & Finance

‘Sectors and Themes’: ADB appoints Yasmin as VP

ISLAMABAD: The Asian Development Bank (ADB) has appointed Fatima Yasmin as Vice-President for Sectors and Themes for...

Published 29 Jun, 2023 04:19am

Markets

World Bank set to approve $700mn for Sri Lanka next week

COLOMBO: The World Bank is likely to approve $700 million in budgetary and welfare support for Sri Lanka at its next...

Published 19 Jun, 2023 03:37pm

Perspectives

Power of retail bonds: a stable funding source for Asian governments

Retail bonds are neither new nor terribly exciting financial instruments. However, they are proving powerful...

Published 17 Jun, 2023 04:34pm

Covid-19 Active Response & Expenditure Support: ADB’s IED terms ‘Pakistan Programme’ highly successful

ISLAMABAD: The Independent Evaluation Department (IED) of the Asian Development Bank (ADB) has rated “Pakistan:...

Updated 07 Jun, 2023 09:09am

World

Debt-ridden Sri Lanka gets $350mn loan boost from Asian Development Bank

COLOMBO: The Asian Development Bank (ADB) on Monday approved a $350 million special policy-based loan to provide...

Published 29 May, 2023 02:01pm

Editorials

ADB’s ‘factsheet’

EDITORIAL: ADB’s (Asian Development Bank’s) latest report, “Factsheet on Pakistan”, goes to show, all over...

Published 03 May, 2023 06:35am

Pakistan

ADB president assures continued support to Pakistan for reforms

Acknowledges stabilisation measures taken by government to put national economy back on track

Published 02 May, 2023 04:14pm

World

Sri Lanka seeks reclassification for cheaper ADB funding

Sri Lanka’s Foreign Minister Ali Sabry met the vice president of the Asian Development Bank on Tuesday seeking a...

Published 02 May, 2023 02:17pm

Markets

Japan’s Suzuki: Will stay vigilant to fallout from US bank failure

INCHEON: Japanese authorities will continue to watch “with a strong sense of alarm” the potential fallout from First...

Published 02 May, 2023 10:47am

Markets

Asian nations to debate Japan’s bid to beef up market safeguards

TOKYO: Asian finance leaders gathering in South Korea next week will likely debate ways to beef up safeguards...

Published 28 Apr, 2023 10:00am

Business & Finance

Minister for optimum utilisation of foreign loans

LAHORE: Punjab Caretaker Local Government Minister Ibrahim Murad has directed for optimum utilisation of foreign...

Published 28 Apr, 2023 06:08am

Recovery needs estimated at $16.3bn: Floods hit 33m people, caused $30bn economic losses: ADB

ISLAMABAD: The floods in Pakistan impacted 33 million people, inflicted damages and economic losses exceeding $30...

Updated 25 Apr, 2023 09:03am

Pakistan

Pakistan among record number of developing countries facing a debt crisis

Record number of developing nations at risk of crisis will be high on the agenda next week for the World Bank Group and IMF spring meetings

Published 06 Apr, 2023 12:37pm

Business & Finance

ADB says developing Asia’s growth to accelerate after China reopening

MANILA: The Asian Development Bank raised its 2023 growth forecast for developing Asia on Tuesday, after China’s...

Published 04 Apr, 2023 12:40pm

Four key projects: ADB sends mission to ascertain complaints’ eligibility

ISLAMABAD: The Asian Development Bank (ADB) has dispatched its Accountability Mission to ascertain eligibility of...

Updated 27 Mar, 2023 12:09pm

Gainers
Losers
Leaders

Stock	Price
Dewan Sugar / Dec 1 Dewan Sugar Mills Limited(DWSM)	3.73 ▲ 1.00 (36.63%)
Universal Ins. / Dec 1 The Universal Insurance Company Limited(UVIC)	6.15 ▲ 1.00 (19.42%)
Abdullah Shah / Dec 1 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	7.13 ▲ 0.96 (15.56%)
JS Global Banking / Dec 1 JS Global Banking Sector (ETF)(JSGBETF)	13.53 ▲ 1.78 (15.15%)
Saritow Spinning / Dec 1 Saritow Spinning Mills Limited(SSML)	7.98 ▲ 1.00 (14.33%)
Ruby Textile / Dec 1 Ruby Textile Mills Limited(RUBY)	5 ▲ 0.60 (13.64%)
Waves Home Appliances / Dec 1 Waves Home Appliances Limited(WHALE)	8.12 ▲ 0.86 (11.85%)
Trust Sec.& Brok. / Dec 1 Trust Securities & Brokerage Limited(TSBL)	10.06 ▲ 1.00 (11.04%)
Pak Gulf Leasing / Dec 1 Pak-Gulf Leasing Company Limited(PGLC)	7.75 ▲ 0.73 (10.40%)
Next Capital / Dec 1 Next Capital Limited(NEXT)	6.22 ▲ 0.55 (9.70%)

Stock	Price
Aruj Industries / Dec 1 Aruj Industries Limited(ARUJ)	8.02 ▼ -1.00 (-11.09%)
Askari Life Assur. / Dec 1 Askari Life Assurance Company Limited(ALAC)	5.45 ▼ -0.50 (-8.40%)
Hallmark Co. / Dec 1 Hallmark Company Limited(HCL)	196.11 ▼ -15.90 (-7.50%)
Siemens Pak. / Dec 1 Siemens (Pakistan) Engineering(SIEM)	717.18 ▼ -58.15 (-7.50%)
Universal Network (GEM) / Dec 1 Universal Network Systems Limited (GEM)(GEMUNSL)	30.52 ▼ -2.47 (-7.49%)
Suraj Cotton / Dec 1 Suraj Cotton Mills Limited(SURC)	146 ▼ -10.75 (-6.86%)
Clover Pakistan / Dec 1 Clover Pakistan Limited(CLOV)	23.75 ▼ -1.62 (-6.39%)
Kohinoor Power / Dec 1 Kohinoor Power Company Limited(KOHP)	5.10 ▼ -0.32 (-5.90%)
Tata Textile / Dec 1 Tata Textile Mills Limited(TATM)	72.30 ▼ -3.69 (-4.86%)
Jubilee Spinning / Dec 1 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	6.40 ▼ -0.32 (-4.76%)

Stock	Volume
Maple Leaf Cement / Dec 1 Maple Leaf Cement Factory Limited(MLCF)	42,339,484 ▲ 2.90
Pak Elektron / Dec 1 Pak Elektron Limited(PAEL)	39,182,221 ▲ 1.15
Fauji Foods Ltd / Dec 1 Fauji Foods Limited(FFL)	34,548,158 ▼ -0.07
Fauji Fert Bin / Dec 1 Fauji Fertilizer Bin Qasim Limited(FFBL)	33,025,000 ▲ 0.50
WorldCall Telecom / Dec 1 Worldcall Telecom Limited(WTL)	28,095,487 ▲ 0.03
Fauji Cement / Dec 1 Fauji Cement Company Limited(FCCL)	27,255,000 ▲ 1.32
Hum Network / Dec 1 Hum Network Limited(HUMNL)	21,957,500 ▲ 0.41
Dewan Cement / Dec 1 Dewan Cement Limited(DCL)	17,398,000 ▼ -0.13
B.O.Punjab / Dec 1 The Bank of Punjab(BOP)	16,209,942 ▼ -0.07
D.G.K.Cement / Dec 1 D.G. Khan Cement Company Limited(DGKC)	14,240,564 ▲ 5.49

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 1	285.15
USD PKR Interbank Buying / Dec 1	284.95
USD to Japanese Yen / Dec 1	148.16
USD to Swiss Franc / Dec 1	0.87
Pound Sterling to USD / Dec 1	1.26
Euro to USD / Dec 1	1.09
UK LIBOR % / Nov 30	5.46

Stock	Volume
S&P 500 / Nov 30	4567.80
Nasdaq / Nov 30	14226.22
Dow Jones / Nov 30	35950.89
India Sensex / Dec 1	67481.19
Tokyo Nikkei / Dec 1	33431.51
Hang Seng / Dec 1	16830.30
FTSE 100 / Dec 1	7501.93
Germany DAX 30 / Dec 1	16335.19
France CAC40 / Dec 1	7342.95

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 30	17435
Gold 10 Grams PKR / Nov 30	189472
Crude Oil USD/Barrel / Dec 1	76.13
Gold Spot USD/Ounce / Dec 1	2038.53
Cotton US¢/pound / Dec 1	79.92

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