Trends - Najy Benhassine - Business Recorder

Najy Benhassine

NTMP-1: World Bank not happy with progress

ISLAMABAD: The World Bank (WB) has warned National Transmission and Despatch Company (NTDC) that progress on...

Updated 28 Oct, 2023 04:31pm

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

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

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

‘Dasu transmission line corruption’: NTDC BoD body given 2 more weeks to finalise recommendations

ISLAMABAD: Senate Standing Committee on Power on Tuesday gave an additional two weeks to the Procurement Committee...

Updated 27 Sep, 2023 10:18am

Economic model ‘flops’: Poverty hits 39.4pc mark, say World Bank officials

ISLAMABAD: Pakistan’s current economic development model is no longer reducing poverty and provides few benefits to...

Updated 23 Sep, 2023 05:38pm

Business & Finance

Debt piling up: Borrowing reliance surging to finance twin deficits: World Bank

ISLAMABAD: The World Bank on Friday said Pakistan’s economic model is unsuitable because the country’s borrowing...

Published 23 Sep, 2023 05:58am

Business & Finance

Annual meetings of IMF, WBG Board in October: WB invites Shamshad

ISLAMABAD: The World Bank’s Country Director Najy Benhassine has extended an invitation to caretaker Finance...

Published 22 Sep, 2023 03:33am

Award of ‘dubious’ contract to German firm: Senate panel accuses World Bank official and power secretary of ‘conniving’ with NTDC

ISLAMABAD: The Senate Standing Committee on Power on Thursday accused Country Director World Bank, Najy Benhassine,...

Updated 15 Sep, 2023 09:50am

Backward areas of Balochistan: World Bank official briefs PM

ISLAMABAD: World Bank Country Director Najy Benhassine, on Monday, met with the Caretaker Prime Minister, Anwaarul...

Updated 12 Sep, 2023 08:51am

Business & Finance

World Bank official, Shamshad discuss economic situation

Dr Akhtar appreciates institution's role as one of the major development partners of Pakistan

Updated 06 Sep, 2023 10:21am

Business & Finance

Country receives $4.4bn from WB, ADB in FY2022-23

ISLAMABAD: Pakistan received $ 4.4 billion from the World Bank and Asian Development Bank (ADB) in the fiscal year...

Published 28 Jul, 2023 03:02am

‘Green channel’ facility: FBR increases clearance of imports and exports to 66pc

ISLAMABAD: In a major trade facilitation step, the Federal Board of Revenue (FBR) has increased the clearance of...

Updated 21 Jul, 2023 09:29am

Business & Finance

WB board approves $100m for Punjab family planning programme

ISLAMABAD: The World Bank’s Board of Executive Directors has approved $100 million for the Punjab Family Planning...

Published 14 Jul, 2023 06:22am

Pakistan

World Bank approves $46mn financing for KPK’s healthcare sector

Funding will support both supply and demand side interventions to improve health service delivery in the province

Updated 07 Jul, 2023 08:34pm

Business & Finance

Flood victims: World Bank approves $213m financing

ISLAMABAD: The World Bank’s Board of Executive Directors has approved $213 million in financing to improve...

Published 27 May, 2023 06:09am

Closing dates of two CASA-1000 financial agreements extended

ISLAMABAD: The International Development Association has extended closing dates of two financing agreements of...

Updated 10 Apr, 2023 08:31am

Pakistan

Bara tehsil of District Khyber: World Bank team visits different PCSP-financed sites

ISLAMABAD: A senior delegation of the World Bank Pakistan led by the Country Director, Najy Benhassine, visited...

Published 01 Mar, 2023 06:21am

$32.3m IDA credit for T4HP given extension by World Bank

ISLAMABAD: The World Bank (WB) has extended IDA credit meant to finance Tarbela 4 Hydropower Project (T4HP) till...

Updated 21 Feb, 2023 08:58am

World Bank rejects media reports

ISLAMABAD: The World Bank (WB) has stated that the media reports claiming that it has delayed the release of loans ...

Updated 20 Jan, 2023 08:49am

Business & Finance

Sindh, World Bank discuss targeted subsidies for small growers

KARACHI: Sindh Chief Minister Syed Murad Ali Shah in his meeting with a World Bank delegation led by its Country...

Published 12 Oct, 2022 06:49am

Emergency operations in flood-hit areas: World Bank says allocating $2bn from existing financed projects

Country Director WB informs Finance Minister Ishaq Dar that around $1.5 billion would be mobilized this year due to the emergency situation

Updated 10 Oct, 2022 09:36am

Business & Finance

Govt committed to place economy on path of sustainable growth: Ishaq Dar tells World Bank

Finance minister shares economic challenges being faced by Pakistan in the wake of the recent devastating floods

Published 08 Oct, 2022 07:21pm

World Bank extends CASA-1000 closing date

ISLAMABAD: The World Bank (WB) has extended closing date of $0.6 million Grant Agreement of Central Asia- South...

Updated 05 Oct, 2022 09:56am

Pakistan

WB, Punjab govt agree to expand cooperation in various fields

LAHORE: A World Bank delegation led by its Country Director Najy Benhassine met with Punjab Chief Minister Chaudhry...

Published 24 Sep, 2022 03:49am

Minister briefed about WB’s RISE-II, PACE-II programmes

ISLAMABAD: Federal Minister for Finance and Revenue Miftah Ismail held a meeting with Najy Benhassine, Country...

Updated 19 Sep, 2022 09:37am

Pakistan

World Bank delegation meets P&D Board Chairman

LAHORE: World Bank Country Director Najy Benhassine called on Chairman of Planning & Development Board Abdullah...

Published 01 Sep, 2022 05:50am

Pakistan

Sindh govt, WB agree to repair Jam Sadiq bridge, construct alternate

KARACHI: Sindh Chief Minister Syed Murad Ali Shah along with his team and the World Bank Country Director Najy...

Published 23 Jul, 2022 04:10am

Pakistan

World Bank approves $200mn for Pakistan’s agricultural sector

Funding to be used to support transforming agricultural sector by adopting climate-smart technologies to improve water-use efficiency, build resilience to extreme weather events and increase the incomes of small farmers

Updated 16 Jul, 2022 06:15pm

Pakistan

Minister briefed about WB-funded programmes

ISLAMABAD: Minister of State on Finance and Revenue Dr Aisha Ghous Pasha held a meeting with Country Director World...

Published 18 May, 2022 05:54am

Gainers
Losers
Leaders

Stock	Price
Universal Ins. / Dec 4 The Universal Insurance Company Limited(UVIC)	7.15 ▲ 1.00 (16.26%)
SME Leasing Ltd / Dec 4 SME Leasing Limited(SLL)	2.16 ▲ 0.26 (13.68%)
F. Nat.Equities / Dec 4 First National Equities Limited(FNEL)	6 ▲ 0.72 (13.64%)
Waves Home Appliances / Dec 4 Waves Home Appliances Limited(WHALE)	8.82 ▲ 0.79 (9.84%)
Trust Sec.& Brok. / Dec 4 Trust Securities & Brokerage Limited(TSBL)	11 ▲ 0.94 (9.34%)
HBL Invest Fund / Dec 4 HBL Investment Fund(HIFA)	3.41 ▲ 0.29 (9.29%)
Jubilee Spinning / Dec 4 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	6.98 ▲ 0.58 (9.06%)
Dewan Sugar / Dec 4 Dewan Sugar Mills Limited(DWSM)	4.06 ▲ 0.33 (8.85%)
Hussain Industries / Dec 4 Husein Industries Limited(HUSI)	16.13 ▲ 1.13 (7.53%)
Shadman Cotton / Dec 4 Shadman Cotton Mills Limited(SHCM)	15.59 ▲ 1.09 (7.52%)

Stock	Price
Tri-Star Mutual / Dec 4 Tri-Star Mutual Fund Limited(TSMF)	4.52 ▼ -0.92 (-16.91%)
786 Invest Ltd / Dec 4 786 Investments Limited(786)	5.01 ▼ -0.84 (-14.36%)
Reliance Ins. / Dec 4 Reliance Insurance Company Limited(RICL)	8.57 ▼ -0.93 (-9.79%)
B. F. Mod. / Dec 4 B.F. Modaraba(BFMOD)	5 ▼ -0.50 (-9.09%)
MithchellsFruit / Dec 4 Mitchells Fruit Farms Limited(MFFL)	243.94 ▼ -19.78 (-7.50%)
Asim Textile / Dec 4 Asim Textile Mills Limited(ASTM)	12.78 ▼ -0.95 (-6.92%)
Gammon Pak / Dec 4 Gammon Pakistan Limited(GAMON)	12.60 ▼ -0.90 (-6.67%)
Ask.Gen.Insur. / Dec 4 Askari General Insurance Company Limited(AGIC)	17.21 ▼ -1.17 (-6.37%)
Kohinoor Ind. / Dec 4 Kohinoor Industries Limited(KOIL)	7.50 ▼ -0.50 (-6.25%)
PICIC Ins.Ltd. / Dec 4 PICIC Insurance Limited(PIL)	0.90 ▼ -0.05 (-5.26%)

Stock	Volume
Maple Leaf Cement / Dec 4 Maple Leaf Cement Factory Limited(MLCF)	43,072,746 ▲ 0.00
Pak Elektron / Dec 4 Pak Elektron Limited(PAEL)	39,797,114 ▲ 0.17
Fauji Fert Bin / Dec 4 Fauji Fertilizer Bin Qasim Limited(FFBL)	27,568,000 ▲ 0.45
Fauji Cement / Dec 4 Fauji Cement Company Limited(FCCL)	27,255,000 ▲ 0.89
WorldCall Telecom / Dec 4 Worldcall Telecom Limited(WTL)	25,700,943 ▲ 0.01
Hum Network / Dec 4 Hum Network Limited(HUMNL)	22,004,000 ▲ 0.16
Oil & Gas Dev. / Dec 4 Oil & Gas Development Company Limited(OGDC)	16,261,973 ▲ 5.43
Pak Refinery / Dec 4 Pakistan Refinery Limited(PRL)	15,702,764 ▲ 0.52
D.G.K.Cement / Dec 4 D.G. Khan Cement Company Limited(DGKC)	14,240,764 ▲ 0.07
Sui South Gas / Dec 4 Sui Southern Gas Company Limited(SSGC)	14,204,419 ▲ 0.50

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 4	146.85
USD to Swiss Franc / Dec 4	0.87
Pound Sterling to USD / Dec 4	1.27
Euro to USD / Dec 4	1.09
UK LIBOR % / Dec 1	5.46

Stock	Volume
S&P 500 / Dec 1	4594.63
Nasdaq / Dec 1	14305.03
FTSE 100 / Dec 1	7529.35
Dow Jones / Dec 1	36245.50
Germany DAX 30 / Dec 1	16397.52
France CAC40 / Dec 1	7346.15
India Sensex / Dec 4	68587.82
Tokyo Nikkei / Dec 4	33273.12
Hang Seng / Dec 4	16729.01

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 1	17235
Gold 10 Grams PKR / Dec 1	189043
Crude Oil USD/Barrel / Dec 4	78.30
Gold Spot USD/Ounce / Dec 4	2085.16
Cotton US¢/pound / Dec 4	79.44

Calculate your monthly liability in FY24

Najy Benhassine

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