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World Bank

Urgent need for economic diplomacy activism

‘It is therefore in advanced economies’ interest to help poorer countries reduce the mounting risk of little...

Published 20 May, 2022 05:42am

Pakistan

AEDB director policy says well-designed auctions provide level playing field for local and international investors

ISLAMABAD: Rene-wables First organised a webinar that featured local and international renewable energy experts...

Published 20 May, 2022 05:15am

Pakistan

CDWP approves three uplift projects worth Rs12.6bn

ISLAMABAD: The Central Development Working Party (CDWP) approved three development projects at the cost of Rs12.6...

Published 19 May, 2022 05:29am

World Bank to provide additional $12bn to address global food crisis

WASHINGTON: The World Bank on Wednesday announced an additional $12 billion in funding for projects to address the...

Updated 19 May, 2022 09:41am

Business & Finance

SBP, IFC join hands to promote agri finance through EWRF

KARACHI: Deputy Governor State Bank of Pakistan (SBP) Sima Kamil while addressing a two-day specialised training...

Published 19 May, 2022 05:29am

World

World Bank to provide additional $12bn to address global food crisis

WASHINGTON: The World Bank on Wednesday announced an additional $12 billion in funding for projects to address the...

Published 18 May, 2022 07:29pm

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

Markets

Ethiopia, World Bank sign $300mn grant agreement for reconstruction

NAIROBI: Ethiopia and the World Bank have signed an agreement for a $300 million grant to help with reconstruction...

Published 17 May, 2022 10:55am

World

Lebanon holds first parliament election since financial collapse, blast

BEIRUT: Lebanese voted on Sunday in the first parliamentary election since the country’s economic collapse, with...

Published 16 May, 2022 05:42am

Opinion

An economic doomsday?

Economy is the most important aspect of a modern state’s life. Pakistan faces an unprecedented and deep economic...

Published 13 May, 2022 05:59am

World Bank projects slowdown in remittances

ISLAMABAD: The World Bank has projected a slowdown in remittances to Pakistan and estimated it to grow at eight...

Updated 13 May, 2022 10:14am

1HFY22: $8.48bn commitment agreements inked

Economic Affairs Division releases quarterly report on foreign economic assistance for July–December 2021

Updated 13 May, 2022 09:25am

Markets

Sri Lanka shares end higher on boost from industrial sector

Sri Lanka shares rose more than 3% on Thursday as the industrial and financial sectors rallied, with the country’s...

Published 12 May, 2022 06:24pm

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

World

Soaring food, fuel ramp up social unrest risk for emerging markets: report

LONDON: Rising fuel and food prices look set to stoke an “inevitable” rise in civil unrest, with developing...

Published 11 May, 2022 11:40am

Opinion

Living beyond means

Pakistan’s external debt averaged USD 65.223 billion from 2002 until 2021, reaching an all-time high of USD ...

Updated 11 May, 2022 10:26pm

Business & Finance

Promoting SHS market in Pakistan: WB for addressing barriers limiting mobile wallet uptake

ISLAMABAD: To leverage mobile wallets for growing the solar home systems (SHS) market in Pakistan, regulators,...

Published 11 May, 2022 04:58am

PM’s electricity relief package: Govt’s nod sought to discontinue Rs5 subsidy

ISLAMABAD: Power Division has sought Federal Government’s nod to do away with PM’s relief package on electricity of...

Updated 11 May, 2022 09:56am

World Bank briefed about challenges facing Pakistan

Minster for Finance and Revenue Miftah Ismail holds meeting with Hartwig Schafer, Vice President South Asia Region (SAR), World Bank

Updated 11 May, 2022 10:06am

Business & Finance

World Bank assures govt of support on implementation of future projects

ISLAMABAD: The World Bank Regional Vice President for South Asia, Hartwig Schafer on Monday held a meeting with...

Published 10 May, 2022 05:51am

World

‘Precarious’ Palestinian economy needs more aid: World Bank

RAMALLAH: The World Bank on Monday urged donors to boost support for the Palestinian Authority, which it said was...

Published 09 May, 2022 06:08pm

World

World Bank approves $150mn food security loan for Lebanon

BEIRUT: The World Bank on Monday approved a $150 million loan to help Lebanon fund wheat imports and keep bread...

Published 09 May, 2022 05:50pm

Opinion

Time is running out

Pakistan is entering a near impossible situation. The country has probably never seen such weak political and...

Updated 09 May, 2022 07:44pm

Opinion

Nepra needs to work harder

The World Bank is said to have held the previous government and National Electric Power Regulatory Authority (Nepra)...

Published 09 May, 2022 05:39am

Floating solar project: World Bank invites Pakistan to hold talks on $341.5m loan

ISLAMABAD: The World Bank (WB) has invited Pakistani authorities for negotiation of $341.5 million loan to set up...

Updated 07 May, 2022 10:04am

Addition of over Rs500bn to power circular debt: WB holds previous govt, Nepra responsible

According to World Bank, power sector has long been a drag on the economy, providing unreliable service and contributing to large fiscal deficits

Updated 06 May, 2022 12:57pm

World

Iraq sandstorm sends more than 1,000 to hospital

BAGHDAD: More than 1,000 Iraqis were rushed to hospital with respiratory ailments on Thursday due to a sandstorm,...

Published 05 May, 2022 01:53pm

New power capacity: Competitive bidding yet to be implemented: WB

ISLAMABAD: Competitive bidding for new power capacity in Pakistan has yet to be implemented, delaying the expected...

Updated 01 May, 2022 09:08am

Opinion

The cost of IMF programme

Pakistan has been a prolonged user of International Monetary Fund (IMF) resources since the decade starting 1990,...

Published 29 Apr, 2022 05:43am

World

World faces biggest energy shock since 1970s: World Bank

WASHINGTON: Energy prices have surged since the Russian invasion of Ukraine and, along with other commodities, are...

Published 26 Apr, 2022 06:11pm

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 21 786 Investments Limited(786)	4.99 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 21 Al-Abbas Sugar Mills Limited(AABS)	278.00 ▼ 0.00 (0.00%)
Agro Allianz / May 21 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / May 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 21 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 21 Allied Bank Limited(ABL)	78.00 ▼ 0.00 (0.00%)
Abbott Lab. / May 21 Abbott Laboratories (Pakistan) Limited(ABOT)	641.42 ▼ 0.00 (0.00%)
Abson Ind. / May 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 21 Alfalah Consumer Index ETF.(ACIETF)	10.15 ▼ 0.00 (0.00%)
Attock Cement / May 21 Attock Cement Pakistan Limited(ACPL)	85.59 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 21 786 Investments Limited(786)	4.99 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 21 Al-Abbas Sugar Mills Limited(AABS)	278.00 ▼ 0.00 (0.00%)
Agro Allianz / May 21 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / May 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 21 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 21 Allied Bank Limited(ABL)	78.00 ▼ 0.00 (0.00%)
Abbott Lab. / May 21 Abbott Laboratories (Pakistan) Limited(ABOT)	641.42 ▼ 0.00 (0.00%)
Abson Ind. / May 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 21 Alfalah Consumer Index ETF.(ACIETF)	10.15 ▼ 0.00 (0.00%)
Attock Cement / May 21 Attock Cement Pakistan Limited(ACPL)	85.59 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 20	200.20
USD PKR Interbank Buying / May 20	199.80
USD to Japanese Yen / May 20	127.88
USD to Swiss Franc / May 20	0.97
Pound Sterling to USD / May 20	1.25
Euro to USD / May 20	1.06
UK LIBOR % / May 20	0.82

Stock	Volume
S&P 500 / May 20	3901.36
India Sensex / May 20	54326.39
Tokyo Nikkei / May 20	26739.03
Nasdaq / May 20	11354.62
Hang Seng / May 20	20717.24
FTSE 100 / May 20	7389.98
Dow Jones / May 20	31261.90
Germany DAX 30 / May 20	13981.91
France CAC40 / May 20	6285.24

Item	Value
Crude Oil / May 20	113.23
Karachi Cotton Assoc. / May 20	21180.00
Gold 10 Grams / May 20	115200.00
Gold Spot / May 20	1846.50
Cotton / May 20	125.18

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