Trends - Asian Development Bank

Asian Development Bank

ADB to devote half its lending to climate finance by 2030

The Asian Development Bank said on Friday it approved a new goal to devote 50% of its annual lending to climate...

Published 06 Sep, 2024 02:16pm

BR Research

Power sector’s antidote

Economists are decrying the current state of the power sector and the resultant burden of skyrocketing electricity...

Published 23 Aug, 2024 07:48am

70pc serviced population in Pakistan does not pay power bills: ADB

Bank, in its report 'Pakistan National Urban Assessment' argues that by issuing stay orders delaying legal procedures and allowing offenders of meter tampering and related ordinances to merely pay a fixed fine, courts contribute to the problem

Updated 21 Aug, 2024 11:56am

Markets

ADB approves $400mn concessional loan for Sindh Emergency Housing Reconstruction Project

Says project is key part of its multifaceted response to Pakistan’s flood crisis and forms part of the bank's commitment to provide $1.5bn in total assistance from 2023 to 2025

Updated 26 Jul, 2024 10:31pm

BR Research

Remittances in FY24

Remittances to Pakistan grew by 10.7 percent year-on-year in FY24 to $30.3 billion. The annual tally is the second...

Published 19 Jul, 2024 08:22am

Interest payments to devour 62pc of revenues: ADB

Forecasts public debt to decline by 7 percentage points to 70 percent of GDP in 2024–2025

Updated 19 Jul, 2024 10:02am

Complaints about different projects: ADB decides to dispatch mission

Accountability Mission to visit Pakistan in September

Updated 15 Jul, 2024 04:14pm

Pakistan

ADB approves $250mn loan to boost public-private partnerships in Pakistan

The Asian Development Bank (ADB) on Wednesday approved a $250-million policy-based loan to help Pakistan drive...

Updated 05 Jun, 2024 10:43pm

Business & Finance

ADB announces $180m project for coastal uplift in Sindh

KARACHI: Asian Development Bank (ADB) has announced a $180 million project to restore forests, drains, and roads in...

Published 30 May, 2024 06:19am

Markets

Climate change: Pakistan urges ADB to deploy additional resources for vulnerable countries

Federal Minister for Economic Affairs Ahad Khan Cheema urged the Asian Development Bank (ADB) to deploy additional...

Published 06 May, 2024 02:07pm

Business & Finance

ADB agrees $5 billion funds replenishment with donors

TBILISI: The Asian Development Bank (ADB) said on Friday it had agreed a $5 billion replenishment with donors for...

Published 03 May, 2024 07:02pm

Business & Finance

ADB informed about FBR automation

ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday informed the Asian Development Bank (ADB) that the FBR ...

Published 03 May, 2024 06:29am

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

Opinion

Beyond degrees: Shifting to a 4F mindset in policy and strategy

The pedigree of one’s education in esteemed Western institutions or extensive experience in financial institutions...

Published 19 Mar, 2024 04:53am

Pakistan

Gandapur seeks enhanced ADB cooperation

PESHAWAR: KP Chief Minister Ali Amin Gandapur has sought enhancement of cooperation and partnership with Asian...

Published 18 Mar, 2024 04:56am

Markets

Asia LNG imports are robust, but record supply keeps spot prices muted: Russell

LAUNCESTON: The spot price of liquefied natural gas (LNG) is continuing to meander at low levels amid ample supply...

Published 05 Feb, 2024 11:18am

FPCCI supports restructuring plan

KARACHI: Atif Ikram Sheikh, President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has said...

Updated 04 Feb, 2024 09:51am

Business & Finance

Asian Development Bank sees ample room to boost lending to deal with crises

TOKYO: The Asian Development Bank (ADB) sees no immediate need to boost its capital base, thanks to years of efforts...

Published 11 Jan, 2024 11:39am

Motorway projects: ADB rates ‘$590m additional financing’ as successful

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

Updated 04 Jan, 2024 08:50am

World

ADB signs $160mn loan agreement with Bangladesh to upgrade power network

The Asian Development Bank (ADB) said on Tuesday it had signed a $160 million loan agreement with Bangladesh to help...

Published 02 Jan, 2024 08:39pm

Opinion

Pakistan’s promising economic outlook

The finance division’s ‘monthly economic outlook report’ for the month of November reveals that Pakistan’s...

Published 14 Dec, 2023 05:24am

Business & Finance

Developing Asia to end 2023 on brighter note as China’s economy recovers: ADB

MANILA: Developing Asia will likely end the year on a brighter note, the Asian Development Bank said on Wednesday,...

Published 13 Dec, 2023 10:15am

Business & Finance

ADB approves up to $2.1bn financing for bridge to decongest Philippine capital

The Asian Development Bank said on Tuesday it had approved financing of up to $2.1 billion for the Philippines to...

Published 12 Dec, 2023 02:07pm

Business & Finance

ADB approves $155m to help boost women’s access to finance

ISLAMABAD: The Asian Development Bank (ADB) has approved $155.5 million in financing for Pakistan that will support...

Published 12 Dec, 2023 05:28am

Pakistan

ADB approves $155.5mn funding to boost female access to finance in Pakistan

Says that while Pakistan’s financial inclusion has been improving, women are increasingly left behind with a large gender finance gap which currently stands at 34%

Updated 11 Dec, 2023 09:24pm

Pakistan

BRTs feeder routes: Sindh govt to induct 180 e-buses

KARACHI: The Sindh government has decided to induct 180 electric buses -to be powered by solar energy - on the...

Published 09 Dec, 2023 05:46am

Business & Finance

ADB’s IED rates $800m ‘TCP’ as ‘successful’

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

Published 09 Dec, 2023 05:46am

Business & Finance

ADB approves $400 million loan to Bangladesh

The Asian Development Bank (ADB) said on Friday it has approved a $400 million policy-based loan to support climate...

Published 08 Dec, 2023 03:40pm

Three projects: ADB approves $659m in financing

ISLAMABAD: The Asian Development Bank (ADB) has approved three projects totaling $658.8 million to help Pakistan...

Updated 07 Dec, 2023 09:48am

World

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 12	278.53
USD PKR Interbank Buying / Sep 12	278.33
USD to Japanese Yen / Sep 12	140.95
USD to Swiss Franc / Sep 12	0.85
Pound Sterling to USD / Sep 12	1.31
Euro to USD / Sep 12	1.11

Stock	Volume
S&P 500 / Sep 12	5,595.76
India Sensex / Sep 12	82,962.71
Tokyo Nikkei / Sep 12	36,507.10
Nasdaq / Sep 12	17,569.68
Hang Seng / Sep 12	17,427.44
FTSE 100 / Sep 12	8,240.97
Dow Jones / Sep 12	41,096.77
Germany DAX 30 / Sep 12	18,518.39

Item	Value
Crude Oil USD/Barrel / Sep 12	69.27
Karachi Cotton PKR/37.32 KG / Sep 12	18,735
Gold 10 Grams PKR / Sep 12	225,480
Gold Spot USD/Ounce / Sep 12	2,566.21
Cotton US¢/pound / Sep 12	70.31
Petrol/Litre / Sep 13	259.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Sep 13 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Sep 13 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Sep 13 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 13 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 13 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 13 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Sep 13 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Sep 13 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Sep 13 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Sep 13 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Sep 13 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Sep 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Sep 13 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Sep 13 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Sep 13 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Sep 13 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Sep 13 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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