Trends - David Malpass - Business Recorder

David Malpass

US to provide $4.5bn to Ukraine through World Bank

WASHINGTON: The US government said Tuesday it would provide $4.5 billion in financial support for Ukraine, with the...

Published 22 Nov, 2022 11:23pm

G20 finance, health ministers launch pandemic fund

The US contributes $450 million to the fund

Updated 14 Nov, 2022 10:14am

World

COP27: World Bank tells rich countries, give us more cash for climate

SHARM EL SHEIKH: The World Bank is ready to step up financing of action to tackle climate change in the world's...

Published 11 Nov, 2022 12:31am

World Bank chief asks govt to implement fiscal, energy reforms

ISLAMABAD: The World Bank Group President, David Malpass, has urged the government of Pakistan to focus on the...

Updated 15 Oct, 2022 09:42am

Business & Finance

IMF, World Bank leadership assure Dar of continued support for Pakistan

Dar assures incumbent government is committed to completing IMF programme

Updated 14 Oct, 2022 11:18pm

World

Ukraine's Zelenskiy appeals for $55bn to cover budget gap and reconstruction

WASHINGTON: Ukrainian President Volodymyr Zelenskiy on Wednesday appealed to international donors to increase their...

Published 13 Oct, 2022 01:10am

Markets

Oil falls on fears of global recession, China Covid flare-up

LONDON: Oil prices fell about 2% on Tuesday, extending the previous session’s almost 2% decline, as recession ...

Published 12 Oct, 2022 05:46am

World Bank, IMF see rising risks of global recession

WASHINGTON: World Bank President David Malpass and International Monetary Fund Managing Director Kristalina ...

Updated 11 Oct, 2022 10:00am

PM apprises IMF, World Bank heads of scale of monsoon mayhem

Underlines that Pakistan made little contribution to climate change, yet it faced the impacts disproportionately

Updated 22 Sep, 2022 09:52am

WB creates fund to better prevent, respond to pandemics

WASHINGTON: The World Bank’s board on Thursday approved creation of a fund meant to finance investments in...

Published 02 Jul, 2022 04:10am

World

World Bank creates fund to better prevent, respond to pandemics

WASHINGTON: The World Bank’s board on Thursday approved creation of a fund meant to finance investments in...

Published 01 Jul, 2022 08:57am

World

Malpass defends World Bank’s record on climate change, says US supportive

WASHINGTON: World Bank President David Malpass on Tuesday defended the bank’s work on climate change and said US...

Published 07 Jun, 2022 09:09pm

Business & Finance

Govts should assist low-income families instead of subsidising energy: WB president

David Malpass says governments should use technology to track those in need and provide them financial benefits.

Published 26 May, 2022 11:16pm

World

World Bank sees economies reducing dependence on Russia for energy, on China for supply chains

WASHINGTON: World Bank President David Malpass on Wednesday said he expects a “strong effort” by major economies to...

Published 20 Apr, 2022 08:04pm

World

World Bank calls on advanced economies to boost food, energy and fertilizer supplies

WASHINGTON: World Bank President David Malpass on Tuesday urged advanced economies to boost food aid to developing...

Published 19 Apr, 2022 09:35pm

World

World Bank says war to cut global growth, boosts financing target

WASHINGTON: The World Bank is reducing its global growth forecast for 2022 by nearly a full percentage point, to ...

Published 18 Apr, 2022 07:35pm

World

IMF, World Bank chiefs warn of global impacts from Ukraine war

WASHINGTON: The leaders of the World Bank and IMF signaled Thursday they were ready to help Ukraine, while warning...

Published 25 Feb, 2022 12:42am

World

World Bank readies $350mn disbursement to Ukraine

WASHINGTON: The World Bank Group is readying a $350 million disbursement to Ukraine that the group's board will...

Published 19 Feb, 2022 11:50pm

World

World Bank chief concerned that G20 finance ministers not taking steps to deal with debt overhang

WASHINGTON: World Bank Group President David Malpass said on Friday that he does not believe G20 finance ministers...

Published 18 Feb, 2022 09:01pm

Markets

World Bank chief takes swipe at Microsoft's $69bn gaming deal as poor countries struggle

Questions if this is the best allocation of capital

Updated 20 Jan, 2022 12:56pm

World

World Bank's Malpass says G20 must speed up work on debt of poor countries

ROME: World Bank President David Malpass on Saturday called on leaders of the Group of 20 rich nations to speed up...

Published 30 Oct, 2021 10:01pm

World

World Bank suspends aid to Sudan after military coup

WASHINGTON: The World Bank said Wednesday it has suspended aid to Sudan following the military takeover that deposed...

Published 28 Oct, 2021 04:06am

Poorer countries: WB seeks $100bn in donations

WASHINGTON: The World Bank hopes to raise $100 billion in donations for the International Development Association...

Published 12 Oct, 2021 03:23am

Commodity prices, interest rates: Poor country debt could worsen: WB chief

CAIRO: The debt situation for poor countries could worsen due to volatile commodity prices and higher interest ...

Updated 01 Oct, 2021 09:48am

World

World Bank chief in Sudan for first visit in 40 years

KHARTOUM: World Bank president David Malpass, in Sudan on Thursday for the first visit in nearly 40 years by a head...

Updated 30 Sep, 2021 07:59pm

World

World Bank says will boost financing for COVID-19 vaccines to $20 billion

He told reporters the World Bank had made nearly $100 billion in lending commitments since the outbreak of the crisis in early 2020, well above the normal level of just under $60 billion.

Published 01 Jul, 2021 12:19am

Business & Finance

World Bank warns uneven global recovery leaving poor nations behind

WASHINGTON: Fuelled by widespread Covid-19 vaccinations in advanced nations, the world economic recovery has picked...

Published 09 Jun, 2021 03:29am

Business & Finance

World Bank says to commit $2bn to vaccines

WASHINGTON: The World Bank Group will have committed $2 billion in financing by the end of April for COVID-19...

Updated 11 Apr, 2021 05:49pm

World

World Bank chief expects G20 to extend debt payment freeze through end-2021

The G20 Debt Service Suspension Initiative had already helped countries defer some $5 billion in payments through the end of 2020, with another $7.3 billion in deferred payments expected through June, Malpass told reporters.

Published 05 Apr, 2021 09:36pm

Business & Finance

World Bank, IMF to consider climate change in debt reduction talks

WASHINGTON: The World Bank is working with the International Monetary Fund (IMF) on ways to factor climate change...

Updated 21 Feb, 2021 10:20am

Gainers
Losers
Leaders

Stock	Price
Pervez Ahmed Co / Feb 6 Pervez Ahmed Consultancy Services Ltd.(PASL)	0.82 ▲ 0.16 (24.24%)
HBL Invest Fund / Feb 6 HBL Investment Fund(HIFA)	1.99 ▲ 0.34 (20.61%)
Oilboy Energy / Feb 6 Oilboy Energy Limited(OBOY)	7 ▲ 1.00 (16.67%)
Pak Gen.Ins. / Feb 6 The Pakistan General Insurance Co. Ltd.(PKGI)	5.65 ▲ 0.67 (13.45%)
P.I.A.C.(A) / Feb 6 Pakistan International Airlines Corp(PIAA)	4.10 ▲ 0.36 (9.63%)
Sui South Gas / Feb 6 Sui Southern Gas Company Limited(SSGC)	11.44 ▲ 0.99 (9.47%)
MetaTech. / Feb 6 MetaTech Health Limited(META)	7.14 ▲ 0.60 (9.17%)
Orient Rental / Feb 6 Orient Rental Mod(ORM)	6.55 ▲ 0.50 (8.26%)
Chashma / Feb 6 Chashma Sugar Mills Limited(CHAS)	64.68 ▲ 4.51 (7.50%)
Din Tex. / Feb 6 Din Textile Mills Limited(DINT)	102.63 ▲ 7.16 (7.50%)

Stock	Price
First Elite Cap.Mod / Feb 6 First Elite Capital Modaraba(FECM)	3 ▲ -0.32 (-9.64%)
Pak Gulf Leasing / Feb 6 Pak-Gulf Leasing Company Limited(PGLC)	6.03 ▲ -0.52 (-7.94%)
AL-Noor Sugar / Feb 6 Al-Noor Sugar Mills Limited(ALNRS)	57.35 ▲ -4.64 (-7.49%)
Crescent Fib. / Feb 6 Crescent Fibres Limited(CFL)	52.73 ▲ -4.27 (-7.49%)
MCB-ARIF Habib / Feb 6 MCB-Arif Habib Savings and Invest(MCBAH)	21.97 ▲ -1.78 (-7.49%)
Sunrays Textile / Feb 6 Sunrays Textile Mills Limited(SUTM)	137.74 ▲ -11.16 (-7.49%)
Pak Leather / Feb 6 Pak Leather Crafts Limited(PAKL)	18.21 ▲ -1.47 (-7.47%)
Quetta Textile / Feb 6 Quetta Textile Mills Limited(QUET)	14.36 ▲ -1.16 (-7.47%)
Ellcot Spinning / Feb 6 Ellcot Spinning Mills Limited(ELSM)	121 ▲ -8.98 (-6.91%)
J.K.Spinning / Feb 6 J.K. Spinning Mills Limited(JKSM)	41.75 ▲ -2.95 (-6.60%)

Stock	Volume
Pak Petroleum / Feb 6 Pakistan Petroleum Limited(PPL)	21,823,478 ▼ 5.59
Sui North Gas / Feb 6 Sui Northern Gas Pipelines Limited(SNGP)	13,436,569 ▼ 3.03
Oil & Gas Dev. / Feb 6 Oil & Gas Development Company Limited(OGDC)	10,544,849 ▼ 6.44
K-Electric Ltd. / Feb 6 K-Electric Limited(KEL)	8,976,715 ▼ 0.10
Hub Power Co. / Feb 6 The Hub Power Company Limited(HUBC)	7,912,174 ▼ 0.97
Sui South Gas / Feb 6 Sui Southern Gas Company Limited(SSGC)	7,743,500 ▼ 0.99
Cnergyico PK / Feb 6 Cnergyico PK Limited(CNERGY)	7,490,206 ▼ 0.06
WorldCall Telecom / Feb 6 Worldcall Telecom Limited(WTL)	5,875,506 ▼ 0.02
Dewan Motors / Feb 6 Dewan Farooque Motors Limited(DFML)	5,698,000 ▼ 0.17
P.T.C.L. / Feb 6 Pakistan Telecommunication Company Ltd(PTC)	5,530,500 ▼ 0.39

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 6	275
USD PKR Interbank Buying / Feb 6	273.50
USD to Japanese Yen / Feb 3	131.19
USD to Swiss Franc / Feb 3	0.93
Pound Sterling to USD / Feb 3	1.21
Euro to USD / Feb 3	1.08
UK LIBOR % / Feb 3	4.30

Stock	Volume
S&P 500 / Feb 3	4136.48
Nasdaq / Feb 3	12006.96
FTSE 100 / Feb 3	7901.80
Dow Jones / Feb 3	33926.01
Germany DAX 30 / Feb 3	15546.43
France CAC40 / Feb 3	7233.94
India Sensex / Feb 6	60577.20
Tokyo Nikkei / Feb 6	27693.65
Hang Seng / Feb 6	21349.17

Item	Value
Karachi Cotton PKR/37.32 KG / Feb 3	22235
Gold 10 Grams PKR / Feb 3	208500
Crude Oil USD/Barrel / Feb 6	73.58
Gold Spot USD/Ounce / Feb 6	1876.61
Cotton US¢/pound / Feb 6	84.80

David Malpass

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