Trends - World Bank - Business Recorder

World Bank

Three airports: ECC all set to reconsider engaging IFC as transaction adviser

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet is all set to reconsider Aviation Division’s...

Updated 30 Mar, 2023 08:28am

World

China spent $240 billion bailing out ‘Belt & Road’ countries, study shows

JOHANNESBURG: China spent $240 billion bailing out 22 developing countries between 2008 and 2021, with the amount...

Published 28 Mar, 2023 12:11pm

Business & Finance

2000-21 period: World Bank says Pakistan’s 3.1pc growth rate among lowest in S Asia

ISLAMABAD: In Pakistan investment has been subject to pronounced boom-bust cycles over the past two decades, with...

Published 28 Mar, 2023 06:21am

Business & Finance

World Bank warns of ‘lost decade’ of growth on China-led slowdown

WASHINGTON: An anticipated economic slow-down in China is likely to drag global growth down to its lowest level this...

Published 28 Mar, 2023 06:21am

World

World Bank warns of ‘lost decade’ in global growth without bold policy shifts

WASHINGTON: Average potential global economic growth will slump to a three-decade low of 2.2% per year through 2030,...

Published 27 Mar, 2023 08:12pm

Militancy crisis: WB to mull over $50m project for Fata, KP families’ succor

ISLAMABAD: The World Bank will consider the “Khyber Pakhtunkhwa (KP)/Fata Citizen Centered Service Delivery...

Updated 26 Mar, 2023 10:25am

Policy efforts, 9th review’s success: Timely external aid will be critical: IMF

ISLAMABAD: Timely financial assistance from external partners will be critical to support the Pakistani authorities’...

Updated 25 Mar, 2023 06:05pm

Opinion

Neoliberalism, austerity, and climate change crisis

‘Scientists have delivered a “final warning” on the climate crisis, as rising greenhouse gas emissions push ...

Published 24 Mar, 2023 05:55am

World

Ukraine’s recovery and reconstruction needs seen reaching $411bn: World Bank

WASHINGTON: Rebuilding Ukraine’s economy after Russia’s invasion more than a year ago is now expected to cost $411...

Published 22 Mar, 2023 05:08pm

World

Sri Lanka to start next round of talks with creditors in April

COLOMBO: Sri Lanka will kick off the next round of talks with creditors in the third week of April, President Ranil...

Published 22 Mar, 2023 12:57pm

Markets

World Bank’s IFC to invest about $73mn in Mahindra’s last mile mobility unit

BENGALURU: Indian automaker Mahindra and Mahindra Ltd said on Wednesday that World Bank’s private investment arm,...

Published 22 Mar, 2023 12:33pm

Markets

Debt-stricken Sri Lanka to receive first tranche of IMF bailout funds in two days

COLOMBO: Sri Lanka will get the first $330 million tranche of the International Monetary Fund’s bailout in the next...

Updated 21 Mar, 2023 12:18pm

Opinion

We’ve no Narasimha Rao or Manmohan Singh

It was in 1991 that India was hit by a major economic crisis resulting from a huge balance of payments deficit. The...

Updated 21 Mar, 2023 07:08am

Editorials

The build-up of wider inflationary risks

EDITORIAL: The World Bank in its latest publication “Food Security Update” awarded Pakistan the dubious title of...

Updated 21 Mar, 2023 06:52am

Business & Finance

World Bank’s PRR project: FBR asked to coordinate with provinces on GST- and IPF-related matters

ISLAMABAD: A joint panel of Economic Affairs Division (EAD) and World Bank (WB) has directed Federal Board of ...

Published 20 Mar, 2023 06:12am

Slow pace of $304m PRIDE programme perturbs World Bank

ISLAMABAD: The World Bank (WB) has expressed concern over the slow pace of the progress on simplification and...

Updated 20 Mar, 2023 08:58am

Editorials

Breathing poison

EDITORIAL: There are 195 countries and more than four million cities and towns in the world. And Lahore, the capital...

Published 20 Mar, 2023 06:12am

Markets

Dastgir will lay foundation for grid station tomorrow

ISLAMABAD: Minister for Power Division Engineer Khurram Dastgir will lay foundation of 765/220 kV grid station...

Published 19 Mar, 2023 03:33am

Business & Finance

Project aimed at promoting profitable agriculture in Punjab launched

LAHORE: Under the “Punjab Resilient and Inclusive Agriculture Transformation (PRIAT)” project, the agriculture...

Published 16 Mar, 2023 06:01am

Consumer price inflation in Pakistan second highest in South Asia: World Bank

ISLAMABAD: The consumer price inflation for food items in Pakistan was 45.1 per cent in February 2023 on a...

Updated 16 Mar, 2023 02:16pm

Pakistan

Pakistan highly vulnerable to climate change: WB

KARACHI: Pakistan is highly vulnerable to climate change; in case resilience to the change is not ensured there will...

Published 14 Mar, 2023 03:18am

Business & Finance

Mobile Facilitation Stations: FBR opens major reform initiative

ISLAMABAD: The Federal Board of Revenue (FBR) has launched a major reform initiative by enhancing its outreach...

Published 14 Mar, 2023 03:18am

LC restrictions: World Bank asks govt to exempt projects funded by IFIs

Economic Affairs secretary agrees to take up matter with Finance Division

Updated 13 Mar, 2023 12:51pm

Opinion

Debt relief for developing countries

Many developing and low-income countries are under debt distress, and a few of which are also facing food crisis as...

Published 13 Mar, 2023 06:15am

World

UAE withdraws bid for 2026 World Bank-IMF meetings in favour of Qatar

DOHA: The United Arab Emirates (UAE) has withdrawn its bid to host the 2026 World Bank and International Monetary...

Published 12 Mar, 2023 08:24pm

Social protection: World Bank’s $200m Punjab project makes little progress

ISLAMABAD: The World Bank “Punjab Human Capital Investment Project (PHCIP)” worth $200 million made limited...

Updated 12 Mar, 2023 09:58am

Opinion

Are we allowing CPEC to wither away?

China Pakistan Economic Corridor (CPEC) was launched in 2015 when 51 agreements and Memoranda of Understanding ...

Published 11 Mar, 2023 03:16am

Business & Finance

WB economists meet FBR chairman

ISLAMABAD: A team of World Bank economists met Chairman Federal Board of Revenue Asim Ahmad at FBR HQs on Friday to...

Published 11 Mar, 2023 03:16am

Opinion

Has US shot the dollar in the foot?

Who could’ve known that one of the unintended consequences of the Ukraine war would be the first signs of a shift...

Published 09 Mar, 2023 06:23am

World Bank willing to fund fan replacement plan

ISLAMABAD: The World Bank (WB) has shown willingness to extend financing for government initiative to replace...

Updated 05 Mar, 2023 01:44pm

Gainers
Losers
Leaders

Stock	Price
Chakwal Spinning / Mar 30 Chakwal Spinning Mills Limited(CWSM)	1.36 ▲ 0.20 (17.24%)
First Pak Mod. / Mar 30 First Pak Modaraba(PAKMI)	1.34 ▲ 0.13 (10.74%)
Dewan Sugar / Mar 30 Dewan Sugar Mills Limited(DWSM)	2.57 ▲ 0.23 (9.83%)
B.R.R.Guardian / Mar 30 B.R.R. Guardian Modaraba(BRR)	12.04 ▲ 0.99 (8.96%)
Ismail Ind. / Mar 30 Ismail Industries Limited(ISIL)	518.26 ▲ 36.15 (7.50%)
K.S.B.Pumps / Mar 30 KSB Pumps Company Limited(KSBP)	110.72 ▲ 7.72 (7.50%)
Towellers Ltd. / Mar 30 Towellers Limited(TOWL)	233.92 ▲ 16.32 (7.50%)
Janana D Mal / Mar 30 Janana De Malucho Textile Mills Limited(JDMT)	41.33 ▲ 2.88 (7.49%)
Nagina Cot. / Mar 30 Nagina Cotton Mills Limited(NAGC)	59.87 ▲ 4.17 (7.49%)
Khairpur / Mar 30 Khairpur Sugar Mills Limited(KPUS)	72.67 ▲ 5.06 (7.48%)

Stock	Price
First Prudential Mod. / Mar 30 First Prudential Modaraba(PMI)	1.40 ▼ -0.24 (-14.63%)
Trust Mod. / Mar 30 Trust Modaraba(TRSM)	1.30 ▼ -0.20 (-13.33%)
KASB Modaraba / Mar 30 KASB Modaraba(KASBM)	1.09 ▼ -0.15 (-12.10%)
EFG Hermes Pak / Mar 30 EFG Hermes Pakistan Limited(EFGH)	11.93 ▼ -1.00 (-7.73%)
Wah-Noble / Mar 30 Wah Noble Chemicals Limited(WAHN)	144.30 ▼ -11.69 (-7.49%)
Universal Ins. / Mar 30 The Universal Insurance Company Limited(UVIC)	3 ▼ -0.24 (-7.41%)
Sardar Chemical / Mar 30 Sardar Chemical Industries Limited(SARC)	32 ▼ -2.55 (-7.38%)
Philip Morris Pak. / Mar 30 Philip Morris (Pakistan) Limited(PMPK)	461 ▼ -36.43 (-7.32%)
Shield Corp. / Mar 30 Shield Corporation Limited(SCL)	282 ▼ -22.00 (-7.24%)
JDW Sugar / Mar 30 JDW Sugar Mills Limited(JDWS)	356 ▼ -26.79 (-7.00%)

Stock	Volume
Telecard Limited / Mar 30 Telecard Limited(TELE)	12,447,500 ▼ -0.22
WorldCall Telecom / Mar 30 Worldcall Telecom Limited(WTL)	9,398,662 ▲ 0.01
Pakistan Alumin / Mar 30 Pakistan Aluminium Beverage Cans Limited(PABC)	7,638,000 ▼ -0.02
Pak Int.Bulk / Mar 30 Pakistan International Bulk Terminal(PIBTL)	6,018,500 ▲ 0.03
Pak Elektron / Mar 30 Pak Elektron Limited(PAEL)	5,431,000 ▼ -0.02
Nishat Mills Ltd / Mar 30 Nishat Mills Limited(NML)	4,517,879 ▲ 0.12
Shifa Int.Hosp / Mar 30 Shifa International Hospitals Limited(SHFA)	4,299,000 ▼ -1.50
Agha Steel Ind. / Mar 30 Agha Steel Ind.Ltd(AGHA)	2,763,500 ▼ -0.22
Dewan Motors / Mar 30 Dewan Farooque Motors Limited(DFML)	2,540,000 ▼ -0.06
K-Electric Ltd. / Mar 30 K-Electric Limited(KEL)	2,495,491 ▲ 0.01

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 30	284.05
USD PKR Interbank Buying / Mar 30	283.80
USD to Japanese Yen / Mar 30	132.47
USD to Swiss Franc / Mar 30	0.92
Pound Sterling to USD / Mar 30	1.23
Euro to USD / Mar 30	1.08
UK LIBOR % / Mar 29	4.81

Stock	Volume
S&P 500 / Mar 29	4027.81
India Sensex / Mar 29	57960.09
Nasdaq / Mar 29	11926.24
Dow Jones / Mar 29	32717.60
Tokyo Nikkei / Mar 30	27782.93
Hang Seng / Mar 30	20165.78
FTSE 100 / Mar 30	7578.80
Germany DAX 30 / Mar 30	15430.39
France CAC40 / Mar 30	7235.99

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 29	18935
Gold 10 Grams PKR / Mar 29	176268
Crude Oil USD/Barrel / Mar 30	72.81
Gold Spot USD/Ounce / Mar 30	1963.79
Cotton US¢/pound / Mar 30	82.34

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