Trends - David Malpass - Business Recorder

David Malpass

World Bank’s Malpass: risk of US default adds to woes facing slowing global economy

NIIGATA: The risk of a US default is adding to problems facing the slowing global economy, with rising interest...

Published 12 May, 2023 05:05pm

Business & Finance

Debt assessments should reflect growing share of domestic debt: World Bank

WASHINGTON: Debt sustainability analyses carried out by the World Bank and International Monetary Fund should...

Updated 27 Apr, 2023 09:02am

Business & Finance

World Bank members endorse moves to boost lending by $50bn over decade

WASHINGTON: World Bank member countries have endorsed measures allowing a $50 billion lending boost over the next...

Published 14 Apr, 2023 05:59am

World

World Bank chief raises 2023 global growth outlook slightly, eyes debt progress

WASHINGTON: World Bank Group President David Malpass said on Monday that the lender has revised its 2023 global...

Updated 10 Apr, 2023 09:54pm

World

World Bank to boost financing capacity of IBRD lending arm by up to $50bn: Malpass

WASHINGTON: The World Bank expects to boost the financing capacity of its middle-income lending arm by up to $50...

Published 30 Mar, 2023 09:46pm

Opinion

Incoming World Bank chief faces tests before he gets to climate

Ajay Banga, US President Joe Biden’s pick to run the World Bank, will face a tough slate of issues around the...

Published 26 Feb, 2023 03:27am

Opinion

Debt and fiscal space

David Malpass, in a recent interview, has reportedly talked about China’s non-disclosure clause as one of the...

Updated 24 Feb, 2023 06:36am

Markets

World Bank chief David Malpass to step down early

WASHINGTON: World Bank chief David Malpass announced Wednesday he would step down nearly a year early, ending a...

Published 16 Feb, 2023 09:48am

World

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

Gainers
Losers
Leaders

Stock	Price
Kohinoor Power / Nov 29 Kohinoor Power Company Limited(KOHP)	5.88 ▲ 1.00 (20.49%)
Paramount Mod / Nov 29 First Paramount Modaraba(FPRM)	10.26 ▲ 1.00 (10.80%)
S.G.Power / Nov 29 S.G. Power Limited(SGPL)	5.20 ▲ 0.49 (10.40%)
Askari Life Assur. / Nov 29 Askari Life Assurance Company Limited(ALAC)	6 ▲ 0.55 (10.09%)
Service Textile / Nov 29 Service Industries Textiles Limited(SERT)	10.95 ▲ 0.84 (8.31%)
Escorts Bank / Nov 29 Escorts Investment Bank Limited(ESBL)	4.98 ▲ 0.37 (8.03%)
Arctic Textile / Nov 29 Arctic Textile Mills Limited(ARCTM)	14.84 ▲ 1.04 (7.54%)
Image Pakistan / Nov 29 Image Pakistan Limited(IMAGE)	19.05 ▲ 1.33 (7.51%)
Prosperity Weav / Nov 29 Prosperity Weaving Mills Limited(PRWM)	32.94 ▲ 2.30 (7.51%)
AKD Hospitality / Nov 29 AKD Hospitality Limited(AKDHL)	172.19 ▲ 12.01 (7.50%)

Stock	Price
Tri-Star Mutual / Nov 29 Tri-Star Mutual Fund Limited(TSMF)	4.40 ▼ -0.85 (-16.19%)
Dewan Textile / Nov 29 Dewan Textile Mills Limited(DWTM)	3.55 ▼ -0.60 (-14.46%)
Bawany Air Products / Nov 29 Bawany Air Products Limited(BAPL)	9.01 ▼ -0.97 (-9.72%)
Ghazi Fabrics / Nov 29 Ghazi Fabrics International Limited(GFIL)	5.72 ▼ -0.51 (-8.19%)
J.A.Textile / Nov 29 J.A. Textile Mills Limited(JATM)	46.29 ▼ -3.75 (-7.49%)
Metro Steel / Nov 29 Metropolitan Steel Corporation Limited(MSCL)	23.10 ▼ -1.87 (-7.49%)
Imperial Limited / Nov 29 Imperial Limited(IML)	13.90 ▼ -1.10 (-7.33%)
Adamjee Life Assur. / Nov 29 Adamjee Life Assurance Company Limited(ALIFE)	25.06 ▼ -1.94 (-7.19%)
Saritow Spinning / Nov 29 Saritow Spinning Mills Limited(SSML)	6.42 ▼ -0.45 (-6.55%)
Hira Textile / Nov 29 Hira Textile Mills Limited(HIRAT)	2.01 ▼ -0.14 (-6.51%)

Stock	Volume
Kohinoor Spining / Nov 29 Kohinoor Spinning Mills Limited(KOSM)	79,242,500 ▼ -0.08
WorldCall Telecom / Nov 29 Worldcall Telecom Limited(WTL)	57,449,984 ▼ -0.01
B.O.Punjab / Nov 29 The Bank of Punjab(BOP)	44,327,667 ▲ 0.19
Cnergyico PK / Nov 29 Cnergyico PK Limited(CNERGY)	31,321,478 ▲ 0.00
Treet Corp. (R) / Nov 29 Treet Corporation Limited (R)(TREETR2)	27,240,170 ▼ -0.06
Pak Refinery / Nov 29 Pakistan Refinery Limited(PRL)	23,647,647 ▼ -0.09
Ghani Chem. Ind. / Nov 29 Ghani Chemical Industries Limited(GCIL)	15,398,500 ▼ -0.32
TPL Properties / Nov 29 TPL Properties Limited(TPLP)	14,283,958 ▼ -0.05
Oil & Gas Dev. / Nov 29 Oil & Gas Development Company Limited(OGDC)	12,904,027 ▼ -0.63
The Searle Co. / Nov 29 The Searle Company Limited(SEARL)	12,454,526 ▼ -1.19

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 29	285.52
USD PKR Interbank Buying / Nov 29	285.02
USD to Japanese Yen / Nov 29	147.23
USD to Swiss Franc / Nov 29	0.88
Pound Sterling to USD / Nov 29	1.27
Euro to USD / Nov 29	1.10
UK LIBOR % / Nov 28	5.46

Stock	Volume
S&P 500 / Nov 28	4554.89
Nasdaq / Nov 28	14281.76
Dow Jones / Nov 28	35416.98
India Sensex / Nov 29	66637.46
Tokyo Nikkei / Nov 29	33302.60
Hang Seng / Nov 29	16952.85
FTSE 100 / Nov 29	7431.46
Germany DAX 30 / Nov 29	16036.43
France CAC40 / Nov 29	7246.91

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 28	17735
Gold 10 Grams PKR / Nov 28	185614
Crude Oil USD/Barrel / Nov 29	76.48
Gold Spot USD/Ounce / Nov 29	2043.84
Cotton US¢/pound / Nov 29	79.36

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David Malpass

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