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World Bank

Redefining Pakistan’s economy

This article is an effort on not only understanding the fundamental economic issues but also some tough but ...

Published 01 Feb, 2023 05:58am

IMF revises Pakistan’s GDP growth projections downward

Brings it down to 2% for 2023 in World Economic Outlook Update

Updated 01 Feb, 2023 01:26pm

Markets

World Bank approves $600mn loan to support Philippines’ recovery, financial sector

MANILA: The World Bank said on Tuesday it has approved a $600 million loan to support the Philippines’ economic...

Published 31 Jan, 2023 12:52pm

Markets

Bangladesh secures $4.7bn from IMF as other South Asian countries see delays

The International Monetary Fund (IMF) has approved loans of $4.7 billion to Bangladesh for disbursal starting...

Published 31 Jan, 2023 11:59am

Business & Finance

Telecom, data infrastructure: World Bank advocates regulatory reforms, investments to improve climate resilience

ISLAMABAD: Regulatory reforms and investments are needed to improve the climate resilience of telecom and data...

Published 26 Jan, 2023 05:58am

Business & Finance

Crop insurance needed to protect farmers from losses: Alvi

ISLAMABAD: President Dr Arif Alvi said that agriculture which used to be 50 percent of GDP had lost its value and...

Updated 26 Jan, 2023 11:18am

Pakistan

$200m World Bank loan: Govt seeks restructuring of Punjab project

ISLAMABAD: The government has requested the World Bank to restructure the Punjab Cities Programme (PCP) worth $200...

Published 25 Jan, 2023 06:25am

Single returns portal: Failure to make portal functional for GST officials irks World Bank

ISLAMABAD: The World Bank (WB) has expressed concerns that the single returns portal has not yet become fully...

Updated 23 Jan, 2023 09:19am

Opinion

Political turbulence has affected FDI inflows

Given its brittle balance of payments position and urgent need to boost industrial production, Pakistan must...

Updated 21 Jan, 2023 07:47am

Markets

23rd straight fall: rupee depreciates against US dollar, settles near 230

Currency loses Re0.52 to close at 229.67 in inter-bank market

Updated 20 Jan, 2023 06:43pm

Markets

Nepra holds interactive session on facilitation of power projects

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra), on Thursday, held an interactive session with...

Published 20 Jan, 2023 06:10am

Treasury dept’s officials to visit next week: US decides to lend PDM govt a helping hand

Visit of US officials to Pakistan and meeting with authorities may help ease/repair relations with IMF

Updated 20 Jan, 2023 10:58am

World Bank rejects media reports

ISLAMABAD: The World Bank (WB) has stated that the media reports claiming that it has delayed the release of loans ...

Updated 20 Jan, 2023 08:49am

Markets

KSA in talks with World Bank, others to be ‘more creative’ in supporting Pakistan: Saudi minister

Speaking at the World Economic Forum in Davos on Tuesday, Saudi Arabia Minister of Finance said KSA was working with multilateral institutions to provide support to Pakistan, Turkiye and Egypt

Updated 19 Jan, 2023 11:02pm

Business & Finance

World Bank Pakistan chief refutes reports indicating delay in loans' approval

Says lender decides on timing for sharing project proposals following due process

Updated 19 Jan, 2023 09:01pm

Food inflation highest in South Asia after Sri Lanka: World Bank

ISLAMABAD: The consumer price inflation for food items in Pakistan was 35.5 per cent in December on year-on-year...

Updated 19 Jan, 2023 08:41am

World Bank delays approval of $1.1bn loans for Pakistan

ISLAMABAD: The World Bank has delayed the approval of two loans for Pakistan worth $1.1 billion until the next...

Updated 19 Jan, 2023 12:24pm

Pakistan

World Bank delays approval of $1.1 billion loans for Pakistan: source

Major issue is circular debt management plan in the energy sector and tariff revision

Published 18 Jan, 2023 06:50pm

Opinion

GDP growth in 2022-23

The World Bank has revised its projection downwards of the GDP growth rate of the economy of Pakistan in 2022-23 ...

Published 17 Jan, 2023 06:02am

Opinion

CPEC: a game changer or ...?

Today all three national parties - Pakistan Muslim League-Nawaz (PML-N), Pakistan Peoples’ Party (PPP) and ...

Published 16 Jan, 2023 06:46am

Power sector reforms: WB urges govt to expedite EDEIP

ISLAMABAD: The World Bank has urged the government to expedite the implementation of the Electricity Distribution...

Updated 15 Jan, 2023 10:03am

Business & Finance

Economist sees GDP growth in negative arena

ISLAMABAD: All economic indications of the first six months of the current year suggest that Pakistan’s GDP growth...

Published 13 Jan, 2023 07:07am

Opinion

Road to self-sustainability

During the last few decades, global economies have been facing tough challenges. The recent spell started in March...

Updated 13 Jan, 2023 07:28am

Opinion

Global economic challenges and prospects for 2023

A few days before the release of World Bank’s flagship ‘Global Economic Prospects’ (GEP) January 2023 report...

Updated 13 Jan, 2023 07:33am

IMF wants up to Rs7.50/unit power tariff raise

Seeks increase to recover over Rs 700 billion from consumers as previous commitments made by the government were not met

Updated 12 Jan, 2023 11:55am

Geneva pledges: PM vows 3rd party validation of spending

ISLAMABAD: Prime Minister Shehbaz Sharif has said that the Geneva Conference for flood victims was a success as...

Updated 12 Jan, 2023 08:49am

Markets

World Bank sees India growth slowing to 6.6% in FY24

MUMBAI: India’s economic growth will slow to 6.6% in the next fiscal year from an expected 6.9% in the current year,...

Published 11 Jan, 2023 10:40am

World Bank projects 2pc growth

ISLAMABAD: The World Bank has projected Pakistan’s GDP growth rate at two percent in the fiscal year 2022-23, half...

Published 11 Jan, 2023 05:53am

World

World Bank cuts 2023 global growth to 1.7% in ‘sharp, long-lasting slowdown’

This is among the weakest rates seen in nearly three decades, overshadowed only by the pandemic-induced recession of 2020 and global financial crisis in 2009

Updated 10 Jan, 2023 08:35pm

Markets

Edible oil shortage looms in Pakistan as dollar reserves fall

Edible oil stocks for three weeks are left in the country as traders remained unsuccessful to secure Letters of...

Updated 10 Jan, 2023 06:25pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 24	278.59
USD PKR Interbank Buying / Apr 24	278.39
USD to Japanese Yen / Apr 24	155.21
USD to Swiss Franc / Apr 24	0.91
Pound Sterling to USD / Apr 24	1.25
Euro to USD / Apr 24	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
India Sensex / Apr 24	73852.94
Tokyo Nikkei / Apr 24	38460.08
Nasdaq / Apr 24	15712.75
Hang Seng / Apr 24	17201.27
FTSE 100 / Apr 24	8040.38
Dow Jones / Apr 24	38460.92
Germany DAX 30 / Apr 24	18088.70

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Crude Oil USD/Barrel / Apr 24	82.83
Gold Spot USD/Ounce / Apr 24	2318.17
Cotton US¢/pound / Apr 24	81.01
Petrol/Litre / Apr 25	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 25 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 25 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 25 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 25 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 25 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 25 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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