Trends - WB - Business Recorder

WB

World Bank concerned over delay in EDEIP completion for 3 Discos

ISLAMABAD: The World Bank (WB) has raised alarm at the delay in completion of Electricity Distribution Efficiency...

Updated 18 Apr, 2024 10:11am

Global financial leaders vow support for Pakistan

WASHINGTON: Leading global financial organisations including the World Bank (WB), Asian Development Bank (ADB) and...

Updated 18 Apr, 2024 09:56am

World

Development for poorest nations: WB sounds alarm on ‘historical reversal’

WASHINGTON: Half of the world’s 75 poorest countries are experiencing a widening income gap with the wealthiest...

Published 16 Apr, 2024 03:38am

World Bank quantifies Pakistan’s financing needs

ISLAMABAD: The World Bank has stated that Pakistan now faces financing needs surpassing 10 percent of Gross Domestic...

Updated 16 Apr, 2024 11:07am

Pakistan

13 projects: Sindh CM, WB team discuss progress

KARACHI: Sindh Chief Minister Murad Ali Shah met with a World Bank delegation, led by Country Director Najy...

Published 04 Apr, 2024 04:56am

Pending tasks: World Bank asks NTDC to expedite implementation

ISLAMABAD: The World Bank has asked the National Transmission and Despatch Company (NTDC) to expedite implementation...

Updated 31 Mar, 2024 08:04pm

IMF-WB meetings in April: Talks on privatisation likely

ISLAMABAD: Privatisation may come under discussion between the Pakistani economic team and the International...

Updated 29 Mar, 2024 02:46pm

Pakistan

Pakistani lawmaker joins IMF, WB Board

This is the first time in the nation’s history that a legislator has been appointed to the IMF and World Bank boards

Updated 10 Mar, 2024 09:18am

Pakistan

$400m HEDP: WB mission reviews progress

ISLAMABAD: The World Bank Mission reviewed progress of Higher Education Development in Pakistan (HEDP) worth around...

Published 05 Mar, 2024 03:09am

Opinion

Reform mantra: the new kid on the block

Since late 1980s the origin of reform mantra is solely in the domain of the multilateral agencies. In the last one...

Published 01 Feb, 2024 04:52am

Pakistan

PKRC to hold demos

LAHORE: The Pakistan Kisan Rabita Committee (PKRC) has announced to hold demonstrations across Pakistan on October...

Published 11 Oct, 2023 03:10am

Dar to attend spring meetings of IMF, WB

ISLAMABAD: Finance Minister Ishaq Dar will visit the United States from April 10 to 16 to attend the upcoming annual...

Updated 04 Apr, 2023 09:03am

BR Research

All roads lead to the IMF

There is some exuberance about the pledges Pakistan got from Geneva. It's good to have a sentiment booster. Still,...

Published 11 Jan, 2023 08:46am

Markets

'Non-availability of imported raw material': Diamond Industries suspends operations

Company says suspension of manufacturing operations for short term till further notice

Published 10 Jan, 2023 04:45pm

Pakistan

Net FDI in Pakistan falls over 52% in first four months of FY23

Net Foreign Direct Investment (FDI) in Pakistan dropped 52.1% during the first four months of the ongoing fiscal ...

Updated 21 Nov, 2022 07:25pm

Pakistan

By 2050, Pakistan’s annual GDP can decline 18-20% due to climate change risks: World Bank

Says impact on Pakistan's natural and human capital are likely to be severe

Updated 18 Nov, 2022 07:17pm

Opinion

Important issues for IMF, WB annual meetings 2022

‘When they gather in Washing-ton next week for the International Monetary Fund and World Bank Group annual...

Published 14 Oct, 2022 03:39am

Opinion

PDM ‘collapsing’ like a house of cards?

Several major developments took place last week. Pakistan’s political leadership, including PM Shehbaz Sharif, was...

Published 26 Sep, 2022 06:07am

Pakistan

Pakistan incurs $439mn of external debt in first two months of FY23: EAD

Govt has budgeted estimates of foreign assistance of $22.8bn for current financial year

Updated 24 Sep, 2022 09:36pm

Pakistan

Sindh CM secures $92m WB assistance for flood victims

KARACHI: Sindh Chief Minister Syed Murad Ali Shah, in his meeting with the World Bank (WB) Country Director Najy...

Published 06 Sep, 2022 04:08am

Pakistan

Flood relief to come from budget cuts, says Miftah

Pakistan has been ravaged by torrential rains resulting in flash floods from north to south that have resulted in over 1,300 deaths while causing large-scale infrastructure damage

Published 05 Sep, 2022 03:34pm

Business & Finance

Pakistan, World Bank agree to accelerate pace of reforms

Both sides consider fiscal and macroeconomic reforms important to achieve higher economic growth

Updated 11 May, 2022 07:16pm

Pakistan

Govt may try to liquidate unbudgeted circular debt to discredit PTI: Shaukat Tarin

Comments come as both PTI and PML-N leaders continue to trade barbs on state of Pakistan economy

Published 20 Apr, 2022 05:55pm

Business & Finance

Pakistan to 'continue close engagement' with IMF, World Bank: Miftah Ismail

PML-N leader, tipped to become finance chief, says Pakistan will pursue reforms that result in macroeconomic stability

Updated 16 Apr, 2022 09:24pm

Business & Finance

Women’s participation in economy: Covid-19 effects may lead to further declines: WB

ISLAMABAD: The impacts resulting from Covid-19 might lead to further declines in women’s participation in the...

Published 08 Apr, 2022 05:28am

Business & Finance

Kishenganga, Ratle hydroelectric power plants: WB to resume two separate processes by India, Pakistan

ISLAMABAD: In line with its responsibilities under the Indus Waters Treaty, the World Bank announced its decision to...

Published 07 Apr, 2022 05:15am

Opinion

Real clear economics

There is much confusion about our economic predicament. Yet, nothing could be clearer. On the security of the wealth...

Published 24 Mar, 2022 05:36am

Business & Finance

IFC enhances trade facility for private Pakistani bank

The World Bank Group member wants to help Bank AL Habib with import of equipment, machinery and tools

Updated 17 Mar, 2022 04:17pm

Business & Finance

Covid-19 pandemic restricts MFI operations: World Bank

ISLAMABAD: As the economic crisis arising from the Covid-19 pandemic unfolded in Pakistan, microfinance institution...

Updated 17 Feb, 2022 10:24am

Pakistan not yet ‘5G ready’: WB report

ISLAMABAD: Pakistan is not yet ‘5G ready’ as there exists a considerable number of factors to address in...

Updated 27 Dec, 2021 11:36am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 3	278.23
USD PKR Interbank Buying / May 3	278.03
USD to Japanese Yen / May 3	152.98
USD to Swiss Franc / May 3	0.91
Pound Sterling to USD / May 3	1.26
Euro to USD / May 3	1.07

Stock	Volume
S&P 500 / May 1	5018.39
Nasdaq / May 1	15605.48
Dow Jones / May 1	37903.29
Tokyo Nikkei / May 2	38236.07
FTSE 100 / May 2	8149.68
Germany DAX 30 / May 2	17906.01
France CAC40 / May 2	7916.49
India Sensex / May 3	74412.88

Item	Value
Karachi Cotton PKR/37.32 KG / May 2	20000
Gold 10 Grams PKR / May 2	206619
Petrol/Litre / May 3	288.49
Crude Oil USD/Barrel / May 3	79.12
Gold Spot USD/Ounce / May 3	2308.69
Diesel/Litre / May 3	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 3 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 3 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 3 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 3 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 3 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 3 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 3 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 3 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 3 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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