Trends - World Bank - Business Recorder

World Bank

Sherry accuses govt of ‘financial mismanagement’

ISLAMABAD: PPP parliamentary leader in the Senate, Senator Sherry Rehman has said that total debt has reached Rs44...

Published 15 Apr, 2021 03:22am

Pakistan

SDGs implementation: ‘WB says developing states need $1trn financing annually’

ISLAMABAD: Planning Commission Deputy Chairman Dr Mohammad Jehanzeb Khan has said that the World Bank in its 2018...

Published 15 Apr, 2021 03:22am

In the event of moratorium on energy prices: Govt asked to spell out its circular debt alternate plans

ISLAMABAD: The International Monetary Fund (IMF) and World Bank (WB) are said to have sought alternate plans from ...

Updated 15 Apr, 2021 10:08am

Opinion

Actions should suit resources

We are back into the IMF’s 3-year $6 billion Extended Fund Facility (EFF) arrangement having received a $500...

Published 14 Apr, 2021 03:21am

PM urges int’l community to ensure vaccine availability for everyone

ISLAMABAD: Prime Minister Imran Khan said that Pakistan was facing third wave of coronavirus and the international...

Updated 13 Apr, 2021 09:27am

World

IMF's Okamoto says aiming to distribute SDR reserves this summer

Okamoto told reporters following IMF and World Bank Spring Meetings that the allocation, backed last week by G20 countries, will especially aid middle-income countries that need to refinance debt amid potentially tighter financial conditions.

Published 12 Apr, 2021 08:17pm

Opinion

IMF, World Bank begin push to swap debt relief for green projects

The idea of forgiving debt held by poor countries in exchange for “green” investments gained ground this week...

Published 12 Apr, 2021 03:59am

Business & Finance

IMF, World Bank begin push to swap debt relief for green projects

Their heavily tourism-dependent economies have seen revenues dry up as the coronavirus pandemic severely curtails world travel.

Updated 11 Apr, 2021 05:52pm

Pakistan

WB’s Girls Learn Women Earn Initiative: Telenor Pakistan trains 1,100 women in digital skills

ISLAMABAD: Telenor Pakistan has trained 1,100 women with digital skills under World Bank’s Girls Learn Women Earn...

Published 11 Apr, 2021 05:27am

Ministry apprehends $20m WB grant lapse

ISLAMABAD: The Ministry of Federal Education and Professional Training fears to face lapse in the World Bank grant ...

Published 11 Apr, 2021 05:27am

World

G20 to look for ways to ensure sustainable financing to manage pandemics

"The High-Level Independent Panel on Financing the Global Commons for Pandemic Preparedness and Response (...) will consider practicable solutions to ensure sustainable financing for pandemic prevention, surveillance, preparedness, and response", Ignazio Visco said at a World Bank event.

Published 09 Apr, 2021 05:56pm

World

Yellen urges major economies to deploy ‘significant’ new spending

WASHINGTON: US Treasury Secretary Janet Yellen on Thursday urged major economies to deploy “significant” new...

Updated 09 Apr, 2021 09:21am

Business & Finance

Sell-off of two RLNG plants likely by Feb-FY22 end, IMF told

ISLAMABAD: The government has assured the International Monetary Fund (IMF) that privatization of two RLNG power...

Updated 09 Apr, 2021 09:19am

Pakistan

Sindh to align its valuation table with FBR for CGT collection from Karachi, Hyderabad, Sukkur

It was pointed out that the FBR has issued valuation tables for three cities including Karachi, Hyderabad, and Sukkur, for Capital Gains Tax collection.

Updated 09 Apr, 2021 12:07am

World

Major economies should inject 'significant' support for global economy: Yellen

She urged the World Bank to support developing countries and ensure they get timely access to COVID-19 vaccines, and said the United States supported accelerated negotiation to replenish the World Bank's International Development Association fund for the poorest countries.

Published 08 Apr, 2021 06:44pm

Editorials

IMF: Misplaced expectations?

EDITORIAL: Prime Minister Imran Khan while remarking on (the United Nations Development Programme’s) UNDP’s...

Published 08 Apr, 2021 04:10am

World

Japan's Aso says G20 clarified, not changed, its stance on FX

"We clarified in written form the G20 nations' thinking on currency rates. It's a clarification, not a change, in our stance," Aso told reporters on Wednesday.
Aso was speaking after attending a virtual meeting of leaders from the G20 major economies, held on the sidelines of IMF/World Bank spring meetings.

Published 07 Apr, 2021 08:20pm

Pakistan

Pakistan has potential to push annual exports upto $88.1bn: World Bank

The high levels of protection observed in Pakistan carry a high opportunity cost in terms of export-oriented jobs lost, and a higher productivity path the economy could undertake.

Published 07 Apr, 2021 08:08pm

Business & Finance

WB-IMF spring meetings 2021: Dr Nishtar advocates ‘invisible scaffold’

ISLAMABAD: Special Assistant to the Prime Minister on Social Protection and Poverty Alleviation, Dr Sania Nishtar...

Updated 07 Apr, 2021 09:50am

Business & Finance

Success of SOEs’ divestments: WB for addressing political economy implications first

ISLAMABAD: The World Bank has linked the success of divestments and restructuring of State Owned-Enterprises (SOEs)...

Updated 07 Apr, 2021 09:51am

Pakistan

Govt committed to implement structural reforms, protect vulnerable segments: Hammad

The Vice President, World Bank appreciated the government’s relief initiatives to curtail the impact of COVID-19 pandemic effectively.

Updated 07 Apr, 2021 12:22am

Pakistan

JI for efforts to get country out of IMF ‘grip’

KARACHI: Jamaat-e-Islami (JI) Karachi chief Engr Hafiz Naeemur Rehman on Monday asked the nation to step up efforts...

Published 06 Apr, 2021 04:23am

Opinion

Outlook for inflation

The rate of inflation has risen sharply in the last two months. It had come down to 5.7 percent in January 2021....

Published 06 Apr, 2021 04:23am

Business & Finance

Commercial, investment and development bank: Balochistan to hire consultancy services

ISLAMABAD: The Balochistan government has initiated process to hire consultancy services of a company for setting up...

Published 06 Apr, 2021 04:23am

World

World Bank chief expects G20 to extend debt payment freeze through end-2021

The G20 Debt Service Suspension Initiative had already helped countries defer some $5 billion in payments through the end of 2020, with another $7.3 billion in deferred payments expected through June, Malpass told reporters.

Published 05 Apr, 2021 09:36pm

Business & Finance

WB’s help imperative for sustainable, inclusive growth: Azhar

ISLAMABAD: Najy Benhassine, Country Director of the World Bank Group made a courtesy call on the Federal Minister ...

Published 03 Apr, 2021 03:41am

Opinion

Poorest countries will follow a tricky path back to debt markets

Ghana and Pakistan’s return to international debt markets this week, a year after Covid slammed them shut, has ...

Published 02 Apr, 2021 04:58am

Business & Finance

World Bank revises climate policy but stops short of halting fossil fuel funding

WASHINGTON/BRUSSELS: A revised World Bank policy on climate change commits to making financing decisions in line ...

Published 02 Apr, 2021 04:58am

Pakistan

WB funding for Green Stimulus Initiative to help generate 100,000 jobs

Amin said the project proposals were sought from all the federating units under Green Stimulus package and were received which would be implemented within next six months on ground.

Published 01 Apr, 2021 08:03pm

Pakistan

World Bank okays $120 million for PM’s green stimulus initiative

“The ambitious PAI primarily aims to enhance the country’s protected areas cover from 13 per cent to 15 per cent by 2023 and create 5,000 green jobs across the country,” Aslam elaborated.

Published 01 Apr, 2021 07:33pm

Gainers
Losers
Leaders

Stock	Price
A. Shah Ghazi / Apr 15 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	7.25 ▲ 1.00 (16.00%)
Sana Ind. (R) / Apr 15 Sana Industries (R)(SNAIR)	8.01 ▲ 1.00 (14.27%)
Universal Ins. / Apr 15 The Universal Insurance Company Limited(UVIC)	4.89 ▲ 0.59 (13.72%)
Ashfaq Textile / Apr 15 Ashfaq Textile Mills Limited(ASHT)	8.50 ▲ 1.00 (13.33%)
Shaheen Ins. / Apr 15 Shaheen Insurance Company Limited(SHNI)	4.19 ▲ 0.39 (10.26%)
Popular Islamic Mod. / Apr 15 Popular Islamic Modaraba(PIM)	5.50 ▲ 0.50 (10.00%)
Bal. Glass / Apr 15 Balochistan Glass Limited(BGL)	11.01 ▲ 1.00 (9.99%)
Olympia Mills / Apr 15 Olympia Mills Limited(OML)	11.50 ▲ 1.00 (9.52%)
Pervez Ahmed Cons. / Apr 15 Pervez Ahmed Consultancy Services Ltd.(PASL)	1.27 ▲ 0.11 (9.48%)
B.R.R. Mod. / Apr 15 B.R.R. Guardian Modaraba(BRR)	10.38 ▲ 0.85 (8.92%)

Stock	Price
Flying Cement (R) / Apr 15 Flying Cement Company (R)(FLYNGR)	2.48 ▲ -0.51 (-17.06%)
Saif Power / Apr 15 Saif Power Limited(SPWL)	15.56 ▲ -2.85 (-15.48%)
Waves Singer / Apr 15 Waves Singer Pakistan Limited(WAVES)	21.18 ▲ -2.41 (-10.22%)
Unicap Mod. / Apr 15 Unicap Modaraba(UCAPM)	3.30 ▲ -0.35 (-9.59%)
Dawood Equities / Apr 15 Dawood Equities Limited(DEL)	5.81 ▲ -0.51 (-8.07%)
AKD Capital Ltd / Apr 15 AKD Capital Limited(AKDCL)	439.49 ▲ -35.63 (-7.50%)
Punjab Oil / Apr 15 Punjab Oil Mills Limited(POML)	204.00 ▲ -16.00 (-7.27%)
Frontier Cer. / Apr 15 Frontier Ceramics Limited(FRCL)	28.13 ▲ -2.17 (-7.16%)
Ghani Global Hold. / Apr 15 Ghani Global Holdings Limited(GGL)	31.24 ▲ -2.38 (-7.08%)
Data Agro / Apr 15 Data Agro Limited(DAAG)	16.00 ▲ -1.18 (-6.87%)

Stock	Volume
Telecard / Apr 15 Telecard Limited(TELE)	72,537,500 ▼ 0.00
Worldcall / Apr 15 Worldcall Telecom Limited(WTL)	64,648,500 ▼ 0.00
Hum Network / Apr 15 Hum Network Limited(HUMNL)	17,335,000 ▼ 0.00
Ghani Global Hold. / Apr 15 Ghani Global Holdings Limited(GGL)	12,825,000 ▼ 0.00
TRG Pak. / Apr 15 TRG Pakistan Limited(TRG)	10,962,901 ▼ 0.00
Pakistan Refinery / Apr 15 Pakistan Refinery Limited(PRL)	9,359,000 ▼ 0.00
Netsol Tech. / Apr 15 NetSol Technologies Limited(NETSOL)	8,978,000 ▼ 0.00
Attock Ref. / Apr 15 Attock Refinery Limited(ATRL)	8,108,800 ▼ 0.00
Unity Foods / Apr 15 Unity Foods Limited(UNITY)	8,093,633 ▼ 0.00
Ghani Global Glass / Apr 15 Ghani Global Glass Limited(GGGL)	7,194,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 13	152.75
USD PKR Interbank Buying / Apr 13	152.65
USD to Japanese Yen / Apr 14	108.96
USD to Swiss Franc / Apr 14	0.92
Pound Sterling to USD / Apr 14	1.38
Euro to USD / Apr 14	1.20
UK LIBOR % / Apr 14	0.07

Stock	Volume
S&P 500 / Apr 14	4124.66
India Sensex / Apr 14	48544.06
Tokyo Nikkei / Apr 14	29620.99
Nasdaq / Apr 14	13857.84
Hang Seng / Apr 14	28900.63
FTSE 100 / Apr 14	6939.58
Dow Jones / Apr 14	33730.89
Germany DAX 30 / Apr 14	15209.15
France CAC40 / Apr 14	6939.58

Item	Value
Crude Oil / Apr 14	63.15
Karachi Cotton Assoc. / Apr 14	10800.00
Gold 10 Grams / Apr 14	94564.00
Gold Spot / Apr 14	1736.30
Cotton / Apr 14	82.71

World Bank

Sherry accuses govt of ‘financial mismanagement’

SDGs implementation: ‘WB says developing states need $1trn financing annually’

In the event of moratorium on energy prices: Govt asked to spell out its circular debt alternate plans

Actions should suit resources

PM urges int’l community to ensure vaccine availability for everyone

IMF's Okamoto says aiming to distribute SDR reserves this summer

IMF, World Bank begin push to swap debt relief for green projects

IMF, World Bank begin push to swap debt relief for green projects

WB’s Girls Learn Women Earn Initiative: Telenor Pakistan trains 1,100 women in digital skills

Ministry apprehends $20m WB grant lapse

G20 to look for ways to ensure sustainable financing to manage pandemics

Yellen urges major economies to deploy ‘significant’ new spending

Sell-off of two RLNG plants likely by Feb-FY22 end, IMF told

Sindh to align its valuation table with FBR for CGT collection from Karachi, Hyderabad, Sukkur

Major economies should inject 'significant' support for global economy: Yellen

IMF: Misplaced expectations?

Japan's Aso says G20 clarified, not changed, its stance on FX

Pakistan has potential to push annual exports upto $88.1bn: World Bank

WB-IMF spring meetings 2021: Dr Nishtar advocates ‘invisible scaffold’

Success of SOEs’ divestments: WB for addressing political economy implications first

Govt committed to implement structural reforms, protect vulnerable segments: Hammad

JI for efforts to get country out of IMF ‘grip’

Outlook for inflation

Commercial, investment and development bank: Balochistan to hire consultancy services

World Bank chief expects G20 to extend debt payment freeze through end-2021

WB’s help imperative for sustainable, inclusive growth: Azhar

Poorest countries will follow a tricky path back to debt markets

World Bank revises climate policy but stops short of halting fossil fuel funding

WB funding for Green Stimulus Initiative to help generate 100,000 jobs

World Bank okays $120 million for PM’s green stimulus initiative

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