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World Bank lifts Russia growth forecast on resilient energy exports

WASHINGTON: The World Bank has significantly improved its outlook for the Russian economy this year due to...

Published 06 Jun, 2023 06:49pm

Business & Finance

Payment system, RSF for lending to SMEs: WB’s $137m FIIP experiences delays

ISLAMABAD: The World Bank’s Pakistan Financial Inclusion and Infrastructure Project (FIIP) worth $137 million has...

Published 06 Jun, 2023 05:33am

Markets

Yellen urges new World Bank chief to ‘get the most’ from balance sheet

WASHINGTON: US Treasury Secretary Janet Yellen on Thursday told incoming World Bank Group President Ajay Banga to...

Published 02 Jun, 2023 09:26am

Pakistan

Work on WB-funded projectsin Punjab in progress

LAHORE: To provide basic amenities of life, the World Bank-funded development projects worth Rs 23 billion are...

Published 31 May, 2023 03:57am

Business & Finance

WB terms one component of KWSSIP ‘high risk’

ISLAMABAD: The World Bank has rated the $100 million worth of the Karachi Water and Sewerage Services Improvement...

Updated 29 May, 2023 08:54am

PBS statement full of mistakes: economist

ISLAMABAD: Realistic projections for the current year indicate that GDP growth will be negative 4 percent against...

Updated 29 May, 2023 08:55am

Markets

Iraq warned to end oil addiction to avoid ‘intensive care’

BAGHDAD: Oil-dependent Iraq has been warned its economy risks going into “intensive care” unless it diversifies in...

Published 28 May, 2023 10:24am

Online billing solution: ECC approves Rs263.988m more funds for CGA office

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved additional funds of Rs263.988...

Updated 28 May, 2023 09:58am

Business & Finance

Flood victims: World Bank approves $213m financing

ISLAMABAD: The World Bank’s Board of Executive Directors has approved $213 million in financing to improve...

Published 27 May, 2023 06:09am

Markets

Flood devastation: World Bank approves $213mn for Balochistan

Board of Executive Directors approves financing to improve livelihoods and essential services, enhance risk protection in communities affected by 2022 floods

Updated 26 May, 2023 04:27pm

Opinion

Global economic crisis: Neoliberalism, debt sustainability, SDRs, and multilateralism

The global economy is facing existential threats of climate change and Pandemicene crises. The underlying basis for...

Updated 26 May, 2023 07:12am

Bringing energy efficiency to industrial sector: World Bank advocates establishing credit line

WB in consultation with the National Energy Efficiency & Conservation Authority is implementing two substantial technical assistance activities to the scoping and implementation of EE&C measures in Pakistan

Updated 26 May, 2023 09:00am

Geneva climate moot: There’s ‘full clarity’ about $10.9bn foreign aid pledges: minister

ISLAMABAD: The Ministry of Economic Affairs on Thursday announced that there is now almost complete clarity...

Updated 26 May, 2023 08:44am

Markets

‘Faulty’ contract of 765kV Dasu transmission line: Senate panel grills senior officials of NTDC

ISLAMABAD: The Senate Standing Committee on Power Wednesday severely grilled senior officials of National...

Published 25 May, 2023 06:27am

World Bank says Pakistan in want of 10mn houses

ISLAMABAD: Pakistan’s housing shortage is currently estimated at approximately 10 million units and growing, with...

Updated 24 May, 2023 12:49pm

World

Lebanon’s tanking economy increasingly cash-based: World Bank

BEIRUT: The World Bank has warned that nearly half of crisis-hit Lebanon’s economy is now cash-based as trust in...

Published 17 May, 2023 07:36pm

Power sector subsidy: Finance shows willingness to allocate Rs450bn

ISLAMABAD: Finance Division has reportedly shown willingness to allocate Rs 450 billion for power sector subsidy in...

Updated 17 May, 2023 09:10am

World

US backs effort to document Ukraine damages for reparations

UNITED NATIONS: The United States is throwing its support behind a bid to document damages from Russia's invasion of...

Published 12 May, 2023 10:53pm

World

World Bank’s Malpass: risk of US default adds to woes facing slowing global economy

NIIGATA: The risk of a US default is adding to problems facing the slowing global economy, with rising interest...

Published 12 May, 2023 05:05pm

Opinion

Time to invest in human capital

The contemporary concept of a “nation state” revolves around a nation, community and/or society that is...

Updated 12 May, 2023 06:24am

$105m solar energy project: SED submits revised PC-1 to Planning Commission

ISLAMABAD: The Sindh Energy Department (SED) has submitted a revised PC1 to the Planning Commission that seeks to...

Updated 12 May, 2023 08:43am

Editorials

Wooing global investors

EDITORIAL: It says a lot about a country’s investment climate when the government itself admits that businesses ...

Published 12 May, 2023 05:59am

Opinion

‘The SOE challenge’

Not long ago, this newspaper carried an editorial titled “The SOE challenge” to make an informed and erudite...

Published 10 May, 2023 06:03am

Business & Finance

Jul-Dec: Govt inks $3.9bn new loan agreements

ISLAMABAD: The government has signed new loan agreements worth $3.904 billion with development partners during the...

Published 10 May, 2023 06:03am

ECC approves Rs13.2bn TSG for PMRCL

ISLAMABAD: A meeting of the Economic Coordination Committee (ECC) of the cabinet has approved a technical...

Updated 09 May, 2023 09:12am

Opinion

‘Economic projections’

This is apropos a Business Recorder op-ed ‘Economic projections’ carried by the newspaper recently. That noted...

Published 08 May, 2023 06:40am

BoI seeks to cut red tape to woo global investors

The Board of Investment in consultation with the World Bank Group drafts a Zero Time to Start Policy aimed at facilitating investment in country

Updated 08 May, 2023 08:59am

Opinion

Uplifting women & SMEs, empowering economies

Our society has long grappled with the sociocultural dilemma of whether or not women shall be encouraged to take...

Published 07 May, 2023 03:21am

Opinion

‘Infrastructure financing gap’

This is apropos a Business Recorder op-ed “Infrastructure financing gap” carried by the newspaper the other day....

Published 06 May, 2023 06:23am

Opinion

Critical economic challenges

Pakistan’s recent economic crisis, brewing since last few years, intensified in the last quarter of fiscal year...

Published 05 May, 2023 06:44am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	278.52
USD PKR Interbank Buying / Apr 25	278.32
USD to Japanese Yen / Apr 25	155.60
USD to Swiss Franc / Apr 25	0.91
Pound Sterling to USD / Apr 25	1.25
Euro to USD / Apr 25	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
Nasdaq / Apr 24	15712.75
Dow Jones / Apr 24	38460.92
India Sensex / Apr 25	73780.80
Tokyo Nikkei / Apr 25	37628.48
Hang Seng / Apr 25	17264.90
FTSE 100 / Apr 25	8077.84
Germany DAX 30 / Apr 25	17994.97

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Crude Oil USD/Barrel / Apr 25	83.02
Gold Spot USD/Ounce / Apr 25	2325.45
Cotton US¢/pound / Apr 25	80.89
Petrol/Litre / Apr 26	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 26 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 26 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 26 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 26 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 26 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 26 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 26 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 26 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 26 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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