Trends - World Bank - Business Recorder

World Bank

Emergency relief services: PAC seeks details of Rs1,240bn set aside to combat Covid-19 pandemic

ISLAMABAD: The Public Accounts Committee (PAC) of Parliament, on Monday, sought details of Rs1,240 billion (USD $7.5...

Published 27 Jul, 2021 04:40am

WB to finance extra Covid jabs for poorer nations

GENEVA: A new World Bank financing mechanism will allow developing countries to purchase Covid-19 vaccines...

Published 27 Jul, 2021 04:35am

Power sector management: Govt yet to submit alternative plan to WB

ISLAMABAD: The government is yet to submit an alternative plan for power sector management to the World Bank, the...

Published 27 Jul, 2021 03:07am

World

World Bank to finance extra Covid jabs for poorer nations

The new mechanism will allow those countries to buy additional doses on top of the subsidised ones they will already receive via Covax

Published 26 Jul, 2021 08:47pm

Markets

Economy of coup-wracked Myanmar to contract 18%: World Bank

A mass civil disobedience movement has also paralysed the economy

Published 26 Jul, 2021 01:03pm

World

IMF to keep 2021 global growth forecast at 6%: Georgieva

Says economic recovery will be held back unless the pace of COVID-19 vaccination picks up

Updated 22 Jul, 2021 01:41am

Business & Finance

BIS, IMF call for global coordination

LONDON: The Bank for International Settlements, the International Monetary Fund and the World Bank made a joint call...

Published 19 Jul, 2021 06:17am

Pakistan

Agri tax far less than potential: All equity may be taxed equally: WB webinar

ISLAMABAD: Pakistan is collecting around Rs4 billion tax from agriculture income against the potential of Rs150...

Published 16 Jul, 2021 04:34am

Opinion

RAAST: the digital pathway towards financial inclusion

The start of year 2021 has witnessed a much awaited rebound by various global economies but the pandemic has...

Published 15 Jul, 2021 04:03am

Power theft: Govt decides to amend law

ISLAMABAD: The government has decided to amend Pakistan Penal Code (PPC) Act 1860 with a view to nabbing consumers...

Updated 15 Jul, 2021 10:29am

Opinion

Barriers to export-led growth

Exports have been stagnant over the last decade in Pakistan, while competing economies have witnessed commendable...

Published 11 Jul, 2021 04:01am

Business & Finance

BIS, IMF call for global coordination on digital central bank currencies

LONDON: The Bank for International Settlements, the International Monetary Fund and the World Bank made a joint call...

Published 10 Jul, 2021 03:42am

Forex reserves cross $24bn mark

KARACHI: Pakistan’s total liquid foreign currency reserves crossed the $24 billion mark during last week supported...

Published 09 Jul, 2021 03:17am

Power sector ‘racket’ unearthed by World Bank

ISLAMABAD: The World Bank has unearthed a “racket” of 23 Pakistani companies which were awarded all contracts of...

Updated 07 Jul, 2021 08:20am

Rising food prices deepen the woes of world’s poorest

PARIS: Global food prices are rising at their fastest rate in a decade, exacerbating the troubles of the world's ...

Updated 03 Jul, 2021 10:39am

Pakistan

New agreements worth $8.276bn signed during fiscal year 2020-21

ISLAMABAD: The government during fiscal year 2020-21 signed new agreements worth $8.276 billion with various...

Published 02 Jul, 2021 04:20am

World

Fund nature protection now or face huge losses, says World Bank

Global annual spending to protect and restore nature on land needs to triple this decade to about $350 billion by 2030 and rise to $536 billion by 2050.
Sub-Saharan Africa and South Asia would face an annual GDP contraction of 9.7% and 6.5% respectively, it warned.

Published 01 Jul, 2021 07:25pm

Markets

World Bank grants war-torn Yemen $150m for food, water, healthcare

The war has also displaced millions of people and left the country on the brink of famine

Published 01 Jul, 2021 09:35am

World

World Bank passes $4 bln milestone in funding for COVID-19 vaccines

The World Bank's vaccine financing package can be used by countries to buy vaccine doses through COVAX, the new African Vaccine Acquisition Task Team (AVATT) or other sources.

Published 01 Jul, 2021 12:25am

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

Markets

World Bank grants $300m loan for Costa Rica's COVID recovery plan

The loan, which has been granted for 20 years and comes with a four-year grace period

Published 30 Jun, 2021 10:29am

WB approves $800m for power sector, human capital

ISLAMABAD: The government of Pakistan and the World Bank, on Tuesday, signed two programme loan agreements worth ...

Published 30 Jun, 2021 03:54am

Business & Finance

Liabilities of loss-making SOEs range from 12-18pc of GDP, says World Bank

SOE sector in Pakistan is more than twice as large as the international benchmark, says report

Updated 30 Jun, 2021 12:39pm

World

Kenya secures $130mn from the World Bank for COVID vaccines

"This additional financing comes at a critical time when the Government of Kenya is making concerted efforts to contain the rising cases of COVID-19 infections," said Keith Hansen.

Published 29 Jun, 2021 06:35pm

Business & Finance

World Bank approves $800m loan for power sector, human development programs

Funds will be used to finance the Pakistan Program for Affordable and Clean Energy (PACE) and the Second Securing Human Investments to Foster Transformation

Published 29 Jun, 2021 01:47pm

Punjab water, sanitation project: $442.4m financing pact inked with WB

ISLAMABAD: The government of Pakistan and the World Bank have signed the financing agreement of Punjab Rural...

Published 27 Jun, 2021 03:56am

Business & Finance

Pakistan, World Bank sign $442m for Punjab's water supply, sanitation

Amount was approved last week
Minister for Economic Affairs Omar Ayub Khan says project is aimed at investing in people and improve living standards

Published 26 Jun, 2021 05:08pm

Business

‘Exemptions, incentives withdrawal to generate Rs250bn more revenue’

LAHORE: Special Assistant to Prime Minister (SAPMA) on Revenue Dr Waqar Masood has said that the budget 2021-22 has ...

Published 24 Jun, 2021 03:36am

Opinion

Macro stresses begin to surface

Signs of building macro stress have started to show, especially in the external account. Rising global commodity...

Published 20 Jun, 2021 03:39am

Water, sanitation services in Punjab: WB board approves $442m financing

ISLAMABAD: The World Bank’s Board of Executive Directors has approved $442 million in financing to support ...

Published 20 Jun, 2021 03:39am

Gainers
Losers
Leaders

Stock	Price
Sally Tex. / Jul 29 Sally Textile Mills Limited(SLYT)	5.39 ▲ 0.79 (17.17%)
Security Bank / Jul 29 Security Investment Bank Limited(SIBL)	7.35 ▲ 0.91 (14.13%)
Ist Paramount / Jul 29 First Paramount Modaraba(FPRM)	8.69 ▲ 0.89 (11.41%)
Dewan Farooque Motors / Jul 29 Dewan Farooque Motors Limited(DFML)	11.68 ▲ 1.00 (9.36%)
Ghazi Fab. / Jul 29 Ghazi Fabrics International Limited(GFIL)	13.60 ▲ 1.00 (7.94%)
Arpak Int. / Jul 29 Arpak International Investments Ltd.(ARPAK)	87.09 ▲ 6.07 (7.49%)
Sardar Chemical / Jul 29 Sardar Chemical Industries Limited(SARC)	38.19 ▲ 2.66 (7.49%)
Maqbool Tex. / Jul 29 Maqbool Textile Mills Limited(MQTM)	35.78 ▲ 2.49 (7.48%)
Leiner Gelatine / Jul 29 Leiner Pak Gelatine Limited(LPGL)	26.62 ▲ 1.85 (7.47%)
Thal Ind. / Jul 29 The Thal Industries Corporation Limited(TICL)	319.50 ▲ 21.19 (7.10%)

Stock	Price
SME Leasing Ltd. / Jul 29 SME Leasing Limited(SLL)	2.97 ▲ -0.97 (-24.62%)
Image Pakistan / Jul 29 Image Pakistan Limited(IMAGE)	27.91 ▲ -6.29 (-18.39%)
Trust Mod. / Jul 29 Trust Modaraba(TRSM)	2.72 ▲ -0.33 (-10.82%)
First Fid. Leas. / Jul 29 First Fidelity Leasing Modaraba(FFLM)	3.02 ▲ -0.28 (-8.48%)
Gatron Ind. / Jul 29 Gatron (Industries) Limited(GATI)	520.78 ▲ -42.22 (-7.50%)
Pak Engg. / Jul 29 Pakistan Engineering Co Limited(PECO)	392.73 ▲ -31.84 (-7.50%)
Khairpur / Jul 29 Khairpur Sugar Mills Limited(KPUS)	65.59 ▲ -5.31 (-7.49%)
Dawood Equities / Jul 29 Dawood Equities Limited(DEL)	19.68 ▲ -1.59 (-7.48%)
TPL Ins. / Jul 29 TPL Insurance Limited(TPLI)	37.35 ▲ -2.99 (-7.41%)
J.A.Textile / Jul 29 J.A. Textile Mills Limited(JATM)	13.87 ▲ -1.01 (-6.79%)

Stock	Volume
Worldcall / Jul 29 Worldcall Telecom Limited(WTL)	44,638,000 ▼ 0.00
Byco Petroleum / Jul 29 Byco Petroleum Pakistan Limited(BYCO)	41,014,000 ▼ 0.00
Unity Foods / Jul 29 Unity Foods Limited(UNITY)	14,691,591 ▼ 0.00
Aisha Steel / Jul 29 Aisha Steel Mills Limited(ASL)	8,681,500 ▼ 0.00
Silkbank / Jul 29 Silkbank Limited(SILK)	8,424,500 ▼ 0.00
Hum Network / Jul 29 Hum Network Limited(HUMNL)	8,423,000 ▼ 0.00
Hascol Petroleum / Jul 29 Hascol Petroleum Limited(HASCOL)	8,395,201 ▼ 0.00
TPL Corp / Jul 29 TPL Corp Limited(TPL)	6,623,500 ▼ 0.00
TRG Pakistan / Jul 29 TRG Pakistan Limited(TRG)	6,549,778 ▼ 0.00
Telecard Ltd. / Jul 29 Telecard Limited(TELE)	6,447,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 29	162.00
USD PKR Interbank Buying / Jul 29	161.90
USD to Japanese Yen / Jul 29	109.85
USD to Swiss Franc / Jul 29	0.91
Pound Sterling to USD / Jul 29	1.39
Euro to USD / Jul 29	1.18
UK LIBOR % / Jul 29	0.08

Stock	Volume
S&P 500 / Jul 29	4400.64
India Sensex / Jul 29	52443.71
Tokyo Nikkei / Jul 29	27725.72
Nasdaq / Jul 29	14762.59
Hang Seng / Jul 29	25473.88
FTSE 100 / Jul 29	7016.63
Dow Jones / Jul 29	34930.93
Germany DAX 30 / Jul 29	15570.36
France CAC40 / Jul 29	6609.31

Item	Value
Crude Oil / Jul 29	72.32
Karachi Cotton Assoc. / Jul 29	13080.00
Gold 10 Grams / Jul 29	94050.00
Gold Spot / Jul 29	1810.11
Cotton / Jul 29	90.52

World Bank

Emergency relief services: PAC seeks details of Rs1,240bn set aside to combat Covid-19 pandemic

WB to finance extra Covid jabs for poorer nations

Power sector management: Govt yet to submit alternative plan to WB

World Bank to finance extra Covid jabs for poorer nations

Economy of coup-wracked Myanmar to contract 18%: World Bank

IMF to keep 2021 global growth forecast at 6%: Georgieva

BIS, IMF call for global coordination

Agri tax far less than potential: All equity may be taxed equally: WB webinar

RAAST: the digital pathway towards financial inclusion

Power theft: Govt decides to amend law

Barriers to export-led growth

BIS, IMF call for global coordination on digital central bank currencies

Forex reserves cross $24bn mark

Power sector ‘racket’ unearthed by World Bank

Rising food prices deepen the woes of world’s poorest

New agreements worth $8.276bn signed during fiscal year 2020-21

Fund nature protection now or face huge losses, says World Bank

World Bank grants war-torn Yemen $150m for food, water, healthcare

World Bank passes $4 bln milestone in funding for COVID-19 vaccines

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

World Bank grants $300m loan for Costa Rica's COVID recovery plan

WB approves $800m for power sector, human capital

Liabilities of loss-making SOEs range from 12-18pc of GDP, says World Bank

Kenya secures $130mn from the World Bank for COVID vaccines

World Bank approves $800m loan for power sector, human development programs

Punjab water, sanitation project: $442.4m financing pact inked with WB

Pakistan, World Bank sign $442m for Punjab's water supply, sanitation

‘Exemptions, incentives withdrawal to generate Rs250bn more revenue’

Macro stresses begin to surface

Water, sanitation services in Punjab: WB board approves $442m financing

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