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World Bank

World Bank creates fund to better prevent, respond to pandemics

WASHINGTON: The World Bank’s board on Thursday approved creation of a fund meant to finance investments in...

Published 01 Jul, 2022 08:57am

Pakistan Country Economic Memorandum: Non-mobilisation of talent, resources stunts growth: World Bank

Report notes that since 2000, Pakistan’s real GDP per capita growth has been low at around 2.0 percent – almost 2.7 percentage points lower than the South Asian average

Updated 01 Jul, 2022 11:01am

Business & Finance

Electricity tariff rise of Rs8 to be done in phases in July-September

Earlier, govt had considered a one-time hike in prices

Updated 30 Jun, 2022 03:27pm

World

US disburses $1.3bn of promised aid to Ukraine

WASHINGTON: The US Treasury Department announced Wednesday the transfer of $1.3 billion in economic aid to Ukraine...

Published 30 Jun, 2022 11:58am

World

Doctors, bankers protest 'impossible situation' as Sri Lanka runs out of fuel

COLOMBO: Doctors and bankers were among hundreds of Sri Lankans who marched on Wednesday to demand the government...

Published 30 Jun, 2022 12:03am

World

World Bank’s Reinhart sees ‘long haul’ before any debt reductions for developing countries

MADRID: World Bank chief economist Carmen Reinhart said it could take many more years before the growing number of...

Published 29 Jun, 2022 07:01pm

World

World Bank’s Reinhart ‘skeptical’ global recession can be avoided

MADRID: World Bank chief economist Carmen Reinhart said she is skeptical that the U.S. and global economies can...

Published 29 Jun, 2022 06:51pm

World Bank for sovereign debt changes

LONDON: A senior official at the World Bank has ramped up its calls for changes in sovereign debt laws so...

Updated 29 Jun, 2022 09:36am

Business & Finance

Foreign debt of $13.539bn incurred in 11 months

ISLAMABAD: Pakistan incurred foreign debt of $13.539 billion from multiple financing sources in the first 11 months...

Updated 29 Jun, 2022 10:30am

Opinion

FY2021-22: Overstatement of GDP growth rate

The latest Pakistan Economic Survey for 2021-22 reveals that the economy has performed well this year and the growth...

Published 28 Jun, 2022 06:10am

Business & Finance

Interest rate of 13.75pc will not let economy grow: FPCCI

KARACHI: Shabbir Mansha, acting president FPCCI, has said that the interest rate of 13.75 percent will not let the...

Published 24 Jun, 2022 06:15am

Pakistan

Work on World Bank’s Burewala model city project starts

BUREWALA: Work on the Rs 1.39 billions World Bank project to transform Burewala tehsil into a model city formally...

Published 19 Jun, 2022 07:35am

Business & Finance

Punjab debt service estimates stand at Rs82.4bn for FY23

LAHORE: With interest payment of Rs 18 billion and principal repayment of Rs 64.4 billion, Punjab debt service...

Published 18 Jun, 2022 06:00am

Pakistan Housing Finance Project: Financing agreement signed with World Bank

ISLAMABAD: Pakistan and the World Bank on Wednesday signed a financing agreement for the “Pakistan Housing Finance...

Updated 16 Jun, 2022 10:02am

Pakistan

Govt, World Bank ink $85mn housing finance project

Project will give access to affordable mortgages and increase home ownership among low-income households

Published 15 Jun, 2022 05:35pm

Rs4/unit raise in Discos’ tariff approved for April

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) has approved an increase of Rs4 per unit in Discos...

Updated 14 Jun, 2022 10:28am

Opinion

Outlook for inflation

The multilateral agencies, World Bank, and the IMF, have recently updated their projections of the rate of inflation...

Published 14 Jun, 2022 05:56am

Pakistan

Lumpy skin disease: Punjab Livestock dept seeks World Bank’s assistance

LAHORE: Livestock and Dairy Development Department (L&DDD) Punjab has expressed its desire to seek technical...

Published 11 Jun, 2022 06:14am

Business & Finance

Reliable access to schools, health facilities: World Bank approves $300m for upgrading roads in vulnerable districts of KP

ISLAMABAD: The World Bank’s Board of Executive Directors has approved $300 million in financing to support ...

Updated 11 Jun, 2022 06:44am

Opinion

Global economy at a delicate crossroad – I

Global economy stands at a delicate crossroad, where wrong policy choices will be difficult to unwind in at least ...

Published 10 Jun, 2022 06:16am

Business & Finance

Allegations of bid rigging in Discos’ tenders: CCP starts probe against suspected steel cartel

ISLAMABAD: The Competition Commission of Pakistan (CCP) has launched an investigation against a suspected cartel of...

Updated 10 Jun, 2022 06:59am

Pakistan

Rs171.88bn given to 9.1m beneficiaries under BISP

ISLAMABAD: Rs 171.88 billion was disbursed to 9.1 million beneficiaries under the Benazir Income Support Programme...

Published 10 Jun, 2022 06:16am

Markets

Price escalation: constructors’ body threatens to stop work on govt projects

LAHORE: The Constructors Association Pakistan (CAP) Chairman Engr Kamal Nasir Khan has urged the government to sit...

Published 10 Jun, 2022 06:16am

World Bank approves $258m for National Health Support Programme

ISLAMABAD: The World Bank’s Board of Executive Directors has approved $258 million for the National Health Support...

Updated 09 Jun, 2022 09:35am

Business & Finance

World Bank approves $258mn funding to support Pakistan's healthcare sector

NHSP is co-financed by the International Development Association and the Global Financing Facility for Women, Children and Adolescents

Published 08 Jun, 2022 03:03pm

Markets

World Bank approves $1.49 billion in support for Ukraine: PM

KYIV: The World Bank has approved $1.49 billion in financial support for Ukraine to help pay wages for social...

Published 08 Jun, 2022 02:02pm

Pakistan

FY23: World Bank projects economic slowdown in Pakistan, says growth will be 4%

Economy remains engulfed in various challenges, including a widening current account deficit and rise in debt payments

Updated 08 Jun, 2022 04:26pm

Markets

World Bank slashes China growth forecast over Covid damage

BEIJING: The World Bank has sharply slashed its annual growth forecast for China, warning in a report Wednesday that...

Published 08 Jun, 2022 10:35am

World Bank slashes global growth forecast to 2.9pc, warns of ‘stagflation’ risk

WASHINGTON: The World Bank on Tuesday slashed its global growth forecast by nearly a third to 2.9% for 2022, warning...

Published 08 Jun, 2022 06:19am

World

Malpass defends World Bank’s record on climate change, says US supportive

WASHINGTON: World Bank President David Malpass on Tuesday defended the bank’s work on climate change and said US...

Published 07 Jun, 2022 09:09pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 19	278.45
USD PKR Interbank Buying / Apr 19	278.15
USD to Japanese Yen / Apr 19	154.37
USD to Swiss Franc / Apr 19	0.91
Pound Sterling to USD / Apr 19	1.24
Euro to USD / Apr 19	1.06

Stock	Volume
S&P 500 / Apr 18	5011.12
Nasdaq / Apr 18	15601.50
FTSE 100 / Apr 18	7877.05
Dow Jones / Apr 18	37775.38
Germany DAX 30 / Apr 18	17837.40
France CAC40 / Apr 18	8023.26
India Sensex / Apr 19	72222.48
Tokyo Nikkei / Apr 19	37068.35

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 18	21735
Gold 10 Grams PKR / Apr 18	214077
Petrol/Litre / Apr 19	293.94
Crude Oil USD/Barrel / Apr 19	84.27
Gold Spot USD/Ounce / Apr 19	2382.04
Diesel/Litre / Apr 19	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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