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World Bank

World Bank advises Indonesia to keep monetary policy accommodative, FX rate flexible

A BI spokesman declined to comment due to a blackout period during a policy meeting.

Published 17 Jun, 2021 10:20am

NA approves Cos (Amend) Bill, 2021

ISLAMABAD: The National Assembly has approved the Companies (Amendments) Bill, 2021 to amend certain provisions of...

Published 17 Jun, 2021 03:27am

Markets

World Bank calls on Nigeria to make forex system clear, NAFEX rate key

The Central Bank of Nigeria has recently opted for a gradual weakening of the official rate of the naira in an apparent move to allow it to converge with the NAFEX rate, a market-determined rate for investors and exporters.

Published 15 Jun, 2021 08:55pm

Business & Finance

Access to finance through movable assets: Bill to provide legal framework to SMEs adopted by NA

ISLAMABAD: The Financial Institutions (Secured Transactions) (Amendment) Bill, 2020, will provide a legal framework...

Published 15 Jun, 2021 03:30am

World

World Bank approves $250mn loan to support Botswana's economic recovery

Botswana has registered relatively few cases, but lockdown restrictions disrupted economic activities and caused loss of income in key sectors such as diamond mining and sales.
The pandemic led to a real gross domestic product (GDP) contraction of 7.9% in Botswana in 2020 - the largest in the country's history.

Published 14 Jun, 2021 05:51pm

Business & Finance

Lebanon currency drops to new low as financial meltdown deepens

BEIRUT: Lebanon’s currency crashed past a milestone on Sunday reaching a new low against the dollar, as the...

Published 14 Jun, 2021 03:39am

FY22 budget to be presented today

ISLAMABAD: The federal government is to present an annual (FY2021-22) budget today (Friday). The government has...

Published 11 Jun, 2021 03:41am

Corporate sector, REITs: Major tax relief expected

ISLAMABAD: The government is expected to announce some major tax relief measures for the corporate sector,...

Published 10 Jun, 2021 03:22am

Business

FBR may introduce single sales tax return in next fiscal

LAHORE: The Federal Board of Revenue (FBR) is likely to introduce a single sales tax return for the persons...

Published 09 Jun, 2021 03:29am

Business & Finance

World Bank warns uneven global recovery leaving poor nations behind

WASHINGTON: Fuelled by widespread Covid-19 vaccinations in advanced nations, the world economic recovery has picked...

Published 09 Jun, 2021 03:29am

Business & Finance

World Bank warns uneven global recovery leaving poor nations behind

The global economy is now expected to grow 5.6 percent this year, 1.5 points faster than projected in January -- the fastest post-recession bounceback in 80 years.

Published 08 Jun, 2021 06:46pm

World

World Bank boosts growth forecasts as US stimulus, vaccines stoke demand

The development lender's latest Global Economic Prospects report showed a 1.5-percentage-point increase from forecasts made in January, before the Biden administration took office and enacted a $1.9 trillion US COVID-19 aid package.

Updated 08 Jun, 2021 07:38pm

Pakistan

Loss of glaciers: WB sees South Asian communities, livelihoods at risk

ISLAMABAD: The loss of glaciers in the mountain ranges of South Asia will have serious consequences for communities...

Published 04 Jun, 2021 05:06am

Editorials

Vaccine equality

EDITORIAL: Four major international organisations – the World Health Organisation (WHO), World Bank (WB),...

Published 04 Jun, 2021 05:06am

Markets

Turkish lira plumbs new depths as investors lose faith

The currency has tumbled 17pc since mid-March when President Tayyip Erdogan, long a critic of high interest rates, ousted a hawkish and well-respected central bank chief.

Published 03 Jun, 2021 11:22pm

WB proposes $200m credit facilities for housing sector

ISLAMABAD: The Country Director, World Bank (WB), Najy Benhassine in a meeting with the Federal Minister for Finance...

Published 03 Jun, 2021 04:13am

Markets

IMF, World Bank prioritize vaccine access to end pandemic

But observers are pressing the institutions to do more, faster.

Published 02 Jun, 2021 10:42am

Pakistan

Broadband, connectivity becoming engines of economic growth: experts

ISLAMABAD: Broadband and connectivity are becoming engines of economic growth in Pakistan as already proven in other...

Published 02 Jun, 2021 04:29am

Reza says growth shows success of SBP stimulus

KARACHI: The governor State Bank of Pakistan (SBP), Dr Reza Baqir, has said that revised growth forecast of 4 ...

Published 02 Jun, 2021 04:29am

Heads of global bodies issue joint call for vaccine equality

WASHINGTON: World leaders must make a "new commitment" to a more equal distribution of coronavirus vaccines to bring...

Published 02 Jun, 2021 04:29am

Business & Finance

Lebanon crisis among world’s worst since 1850s: WB

BEIRUT: Lebanon’s economic collapse is likely to rank among the world’s worst financial crises since the ...

Published 02 Jun, 2021 04:29am

Markets

Lebanon crisis among world's worst since 1850s: World Bank

"The increasingly dire socio-economic conditions risk systemic national failings with regional and potentially global effects," the World Bank said.

Published 01 Jun, 2021 12:10pm

Pakistan

CM Murad approves Rs4bn for providing solar systems to poor households

Under the plan 20,000 households would be given SHS in 10 different districts of the province with a 50 percent subsidy.

Published 29 May, 2021 06:20pm

Opinion

Poverty alleviation and social security

While the nation is suffering from rising inflation and rising energy costs hitting all segments of society and...

Published 29 May, 2021 03:59am

IFC-WB report lists factors hindering implementation of reforms

ISLAMABAD: The entrenched special interest groups in Pakistan that benefit from the status quo, maintain unfair and...

Published 28 May, 2021 04:08am

CPEC to generate massive job opportunities: Umar

ISLAMABAD: Minister for Planning, Development and Special Initiatives Asad Umar has said that investment under the...

Published 28 May, 2021 04:08am

Business & Finance

High prevalence of illicit tobacco trade in Pakistan: reports

LAHORE: Tobacco is a highly lethal and addictive substance endangering millions of lives every year. Consumed in any...

Published 28 May, 2021 04:08am

Business & Finance

Pakistan, WB discuss projects to uplift rural economy

In order to improve the rural economy, it was discussed to improve agriculture productivity through provision of improved seeds and efficient water management system.

Published 26 May, 2021 01:06pm

World

Global carbon pricing schemes raised $53bn in 2020: World Bank

Many countries are using a price on carbon to help meet their climate goals in the form of a tax or under an emissions trading (ETS), or cap-and-trade, system.
"Despite the social and economic upheaval caused by COVID-19, jurisdictions and companies have not wavered in their commitment to fighting climate change," the report said.

Published 25 May, 2021 07:13pm

Pakistan

Sindh Human Capital Investment Project: Sindh govt, WB agree to finalise

KARACHI: Sindh Chief Minister Syed Murad Ali Shah in a virtual meeting with the World Bank team headed by its ...

Published 22 May, 2021 04:05am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 13	278.33
USD PKR Interbank Buying / May 13	278.13
USD to Japanese Yen / May 13	155.86
USD to Swiss Franc / May 13	0.91
Pound Sterling to USD / May 13	1.25
Euro to USD / May 13	1.08

Stock	Volume
S&P 500 / May 10	5222.68
Nasdaq / May 10	16340.87
Dow Jones / May 10	39512.84
India Sensex / May 13	72058.22
Tokyo Nikkei / May 13	38179.46
Hang Seng / May 13	19101.30
FTSE 100 / May 13	8440.89
Germany DAX 30 / May 13	18764.87

Item	Value
Karachi Cotton PKR/37.32 KG / May 11	19935
Gold 10 Grams PKR / May 11	208762
Petrol/Litre / May 13	288.49
Crude Oil USD/Barrel / May 13	78.49
Gold Spot USD/Ounce / May 13	2349.25
Diesel/Litre / May 13	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 13 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 13 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 13 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 13 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 13 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 13 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 13 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 13 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 13 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 13 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 13 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 13 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 13 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 13 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 13 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 13 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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