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World Bank Group

Finance minister apprises WB delegation of govt’s reform agenda

Govt committed to ensuring business-friendly environment where private sector takes lead in driving economic growth, says Aurangzeb

Updated 19 Feb, 2025 10:59pm

Pakistan

Govt aims to privatise up to 50 SOEs in next 3-4 years: minister

One-third of state-owned enterprises strategic assets, Minister for Economic Affairs Ahad Cheema tells World Bank delegation

Updated 17 Feb, 2025 11:00pm

Pakistan

PM Shehbaz, World Bank delegation discuss $40bn accord

Investment to be made under World Bank’s recently launched Country Partnership Framework

Updated 17 Feb, 2025 09:52pm

PM urges IFC to support key sectors

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday lauded the World Bank Group’s recently launched new decade-long...

Updated 15 Feb, 2025 02:56pm

Pakistan

Aurangzeb discusses Pakistan’s structural reforms with IFC chief

Finance Minister Muhammad Aurangzeb discussed key structural reforms undertaken by the government with Makhtar Diop,...

Updated 14 Feb, 2025 09:22pm

World Bank VP calls for improving business climate

ISLAMABAD: The World Bank Group’s support will not be sufficient to achieve the ambitious targets set forth and...

Updated 29 Jan, 2025 02:39pm

World

Fragile countries make $20 billion climate finance push at COP29, letter says

BAKU: A group of conflict-affected countries is pushing at COP29 to double financial aid to more than $20 billion a...

Published 15 Nov, 2024 04:44pm

Business & Finance

Aurangzeb speaks to investors

WASHINGTON: Minister for Finance and Revenue Muhammad Aurangzeb continued his engagements on the fourth day of his...

Updated 26 Oct, 2024 09:21am

Markets

World Bank projects Pakistan’s GDP growth at 2.8% in FY25

The World Bank expects economic activity in Pakistan to continue recovering with real GDP growth estimated at 2.8%...

Updated 10 Oct, 2024 09:55pm

World Bank places Pakistan in 4th quintile

With respect to operational efficiency, Pakistan with a score of 65.90 is placed in the third quintile i.e. these economies exhibit a mix of strengths and weaknesses in their business environment

Updated 05 Oct, 2024 12:52pm

Pakistan

PM Shehbaz engages World Bank, IMF leaders on Pakistan’s economic reforms

Expresses appreciation for IMF's technical assistance and capacity-building programs

Updated 27 Sep, 2024 11:33pm

Business & Finance

‘Trade finance guarantee’: Faysal Bank partners with IFC

KARACHI: Faysal Bank Limited (FBL) has announced a new strategic partnership with the International Finance...

Published 26 Sep, 2024 07:06am

World

World Bank boosts climate financing by 10 percent

WASHINGTON: The World Bank announced Thursday that it delivered a record $42.6 billion in climate change financing ...

Published 20 Sep, 2024 06:11am

Opinion

Fixing ‘The middle-income trap’ for all countries

Although quite late, and perhaps because of the urgency being created by the fast-unfolding climate change crisis,...

Published 13 Sep, 2024 06:58am

Pakistan

PBA conducts training session on trade-based money laundering

KARACHI: Delivering upon its commitment to further strengthen the financial sector against local and global trade...

Published 01 Dec, 2023 04:43am

Business & Finance

Annual meetings of IMF, WBG Board in October: WB invites Shamshad

ISLAMABAD: The World Bank’s Country Director Najy Benhassine has extended an invitation to caretaker Finance...

Published 22 Sep, 2023 03:33am

Outsourcing of operations, land assets at three airports: TIP flags possible breach of PPP regulations

KARACHI: Transparency International Pakistan (TIP) has flagged a possible breach of Public Private Partnership (PPP)...

Updated 23 Apr, 2023 10:27am

Key secretaries, SBP governor in US to attend WBG-IMF meetings

ISLAMABAD: A high-level Pakistan delegation, comprising Secretary Economic Affairs Division Dr Kazim Niaz, Secretary...

Updated 14 Apr, 2023 08:43am

World Bank seeks more funds

WASHINGTON: The World Bank is seeking to vastly expand its lending capacity to address climate change and other...

Updated 04 Jan, 2023 09:44am

IFC proposes private participation in Discos’ management

Commission (PC) requests IFC support in achieving objectives by developing a competitive landscape for private sector participation in all Discos

Updated 21 Oct, 2022 09:46am

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

Business & Finance

WB-IFC team visits Peshawar

PESHAWAR: A mission from World Bank Group and International Finance Corporation (IFC) visited Peshawar. The mission...

Published 20 Jun, 2022 05:51am

World

World Bank readies $350mn disbursement to Ukraine

WASHINGTON: The World Bank Group is readying a $350 million disbursement to Ukraine that the group's board will...

Published 19 Feb, 2022 11:50pm

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

Pakistan

Pakistan to receive $153 million from World Bank for coronavirus vaccines

The funds will be issued under the Pandemic Response Effectiveness in Pakistan (PREP) project, originally approved in April 2020.
The project will strengthen the health system’s capacity to implement the vaccination campaign for its prioritized and eligible populations.

Published 14 May, 2021 05:18pm

Tarin praises WB for ‘swift’ assistance

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

Published 24 Apr, 2021 03:21am

Business & Finance

World Bank says to commit $2bn to vaccines

WASHINGTON: The World Bank Group will have committed $2 billion in financing by the end of April for COVID-19...

Updated 11 Apr, 2021 05:49pm

Pakistan

Pakistan seeks financial assistance to deal with Covid impact

ISLAMABAD: Pakistan, on Monday, urged the international community for providing additional financial assistance to...

Published 06 Apr, 2021 04:23am

World

Philippines marks daily record for COVID-19 cases, as vaccine hesitancy grows

Country reports over 39,000 new COVID-19 cases in past 5 days.
Six of 10 Filipinos unwilling to get vaccinated –poll.
World Bank downgrades Philippines' GDP growth forecast.

Published 26 Mar, 2021 07:34pm

Business & Finance

Malaysia investment slump shows need for structural reforms: World Bank

KUALA LUMPUR: Malaysia risks falling behind in the regional competition for foreign investments due to longstanding...

Published 18 Mar, 2021 03:56am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 6	279.87
USD PKR Interbank Buying / Mar 6	279.67
USD to Japanese Yen / Mar 6	147.69
USD to Swiss Franc / Mar 6	0.88
Pound Sterling to USD / Mar 6	1.29
Euro to USD / Mar 6	1.08
UK LIBOR % / Mar 6	4.96

Stock	Volume
S&P 500 / Mar 6	5,738.52
India Sensex / Mar 6	74,340.09
Tokyo Nikkei / Mar 6	37,008.43
Nasdaq / Mar 6	18,069.26
Hang Seng / Mar 6	24,277.85
FTSE 100 / Mar 6	8,682.84
Dow Jones / Mar 6	43,579.08
Germany DAX 30 / Mar 6	23,419.48
France CAC40 / Mar 6	8,197.67

Item	Value
Crude Oil USD/Barrel / Mar 6	66.49
Karachi Cotton PKR/37.32 KG / Mar 6	17,785
Gold 10 Grams PKR / Mar 6	260,630
Gold Spot USD/Ounce / Mar 6	2,908.29
Cotton US¢/pound / Mar 6	65.21
Petrol/Litre / Mar 7	255.63
Diesel/Litre / Mar 7	258.64

Gainers
Losers
Leaders

Stock	Price
Organic Meat (R) / Mar 6 The Organic Meat Company Limited (R)(TOMCLR)	3.93 ▲ 1 (34.13%)
F.Credit & Inv / Mar 6 First Credit and Investment Bank Limited(FCIBL)	8.28 ▲ 0.93 (12.65%)
J.K.Spinning / Mar 6 J.K. Spinning Mills Limited(JKSM)	75.20 ▲ 6.84 (10.01%)
Power Cem(Pref) / Mar 6 Power Cement (Pref)(POWERPS)	14.44 ▲ 1.31 (9.98%)
First Elite Cap.Mod / Mar 6 First Elite Capital Modaraba(FECM)	11.48 ▲ 1.04 (9.96%)
Khairpur Sug. / Mar 6 Khairpur Sugar Mills Limited(KPUS)	129.98 ▲ 11.76 (9.95%)
LSE Financial Serv. / Mar 6 LSE Financial Services Limited(LSEFSL)	18 ▲ 1.6 (9.76%)
Imperial Limited / Mar 6 Imperial Limited(IML)	18.10 ▲ 1.6 (9.7%)
Int. Knit. / Mar 6 International Knitwear Limited(INKL)	19.89 ▲ 1.74 (9.59%)
Ideal Sp. / Mar 6 Ideal Spinning Mills Limited(IDSM)	15 ▲ 1.29 (9.41%)

Stock	Price
Sindh Abadgar / Mar 6 Sindh Abadgar's Sugar Mills Limited(SASML)	50.20 ▼ -5.56 (-9.97%)
Sakrand Sugar / Mar 6 Sakrand Sugar Mills Limited(SKRS)	12.37 ▼ -1.37 (-9.97%)
Apna Microfin. / Mar 6 Apna Microfinance Bank Limited(AMBL)	10.22 ▼ -1.13 (-9.96%)
Shadman Cotton / Mar 6 Shadman Cotton Mills Limited(SHCM)	27.01 ▼ -2.69 (-9.06%)
First IBL Mod. / Mar 6 First IBL Modaraba(FIBLM)	2.78 ▼ -0.27 (-8.85%)
Sapphire Textile / Mar 6 Sapphire Textile Mills Limited(SAPT)	1,180 ▼ -108.4 (-8.41%)
Pak Gen.Ins. / Mar 6 The Pakistan General Insurance Co. Ltd.(PKGI)	8.75 ▼ -0.78 (-8.18%)
Gillette Pak / Mar 6 Gillette Pakistan Limited(GLPL)	148 ▼ -13.13 (-8.15%)
Blessed Tex. / Mar 6 Blessed Textiles Limited(BTL)	281 ▼ -24 (-7.87%)
Grays Leasing / Mar 6 Grays Leasing Limited(GRYL)	4.52 ▼ -0.37 (-7.57%)

Stock	Volume
Pak Int.Bulk / Mar 6 Pakistan International Bulk Terminal(PIBTL)	53,572,239 ▲ 0.46
Fauji Cement / Mar 6 Fauji Cement Company Limited(FCCL)	28,002,533 ▲ 2.04
WorldCall Telecom / Mar 6 Worldcall Telecom Limited(WTL)	23,567,256 ▲ 0.02
Maple Leaf Cement / Mar 6 Maple Leaf Cement Factory Limited(MLCF)	19,317,399 ▲ 1.56
Oil & Gas Dev. / Mar 6 Oil & Gas Development Company Limited(OGDC)	17,968,303 ▲ 10.69
Pak Petroleum / Mar 6 Pakistan Petroleum Limited(PPL)	16,507,306 ▲ 12.54
Sui South Gas / Mar 6 Sui Southern Gas Company Limited(SSGC)	13,598,406 ▲ 1.3
B.O.Punjab / Mar 6 The Bank of Punjab(BOP)	13,464,928 ▲ 0.3
Sui North Gas / Mar 6 Sui Northern Gas Pipelines Limited(SNGP)	11,312,267 ▲ 7.8
Power Cement / Mar 6 Power Cement Limited(POWER)	10,979,264 ▲ 0.18

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