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World Bank

World Bank & CDPR Unlock Pakistan’s Income Tax Potential in a New Webinar Series

The Pakistan Development Policy series 2021 is a set of policy discussions organized by CDPR and the World Bank to discuss key reform areas critical to Pakistan’s economic, social and development growth.

Updated 02 Mar, 2021 01:08pm

Business & Finance

Tax-to-GDP ratio goes below average in 2 fiscal years: WB official

ISLAMABAD: World Bank’s senior tax specialist has pointed out that Pakistan’s tax-to-GDP ratio dropped and went...

Updated 02 Mar, 2021 09:44am

Business & Finance

WB provides $12m grant for FATA's displaced families

ISLAMABAD: The government of Pakistan and the World Bank, on Friday, signed additional grant agreement of "FATA...

Published 28 Feb, 2021 04:55am

Business & Finance

World Bank provide $12mn grant for FATA temporarily displaced

Minister for Economic Affairs, Makhdum Khusro Bakhtyar witnessed the signing ceremony of Additional Grant Agreement of “FATA Temporarily Displaced Persons Emergency Recovery Project” worth $12 million with the World Bank.

Published 27 Feb, 2021 12:04pm

Business & Finance

‘NTC only a discussion forum’

LAHORE: The National Tax Council (NTC) lacks the constitutional cover like the General Sales Tax (GST) Council in...

Updated 24 Feb, 2021 09:39am

World

World Bank threatens to stop funding Lebanon's COVID-19 vaccines after reported violations

In its first operation funding the purchase of COVID-19 vaccines, the World Bank reallocated $34 million to help Lebanon start vaccinations.
"Upon confirmation of violation, World Bank may suspend financing for vaccines and support for COVID19 response across Lebanon!!"

Published 23 Feb, 2021 05:40pm

Remittances beat Moody’s expectation

ISLAMABAD: Increased workers’ remittances to Pakistan are credit positive for banks, says Moody’s Investor...

Updated 23 Feb, 2021 09:31am

Editorials

Resilient remittances?

EDITORIAL: The feel-good factor provided by high remittances for an unusually long time - exceeding $2 billion for...

Published 21 Feb, 2021 05:10am

Business & Finance

World Bank, IMF to consider climate change in debt reduction talks

WASHINGTON: The World Bank is working with the International Monetary Fund (IMF) on ways to factor climate change...

Updated 21 Feb, 2021 10:20am

World

Nigeria's economy contracted 1.92pc in 2020 due to COVID-19 pandemic

Nigeria was grappling with low growth before the pandemic triggered recession and created large financing gaps including dollar shortages.
The World Bank had estimated a 4% contraction in 2020 while the IMF had forecast a 3.2% contraction.

Published 18 Feb, 2021 08:15pm

World

World Bank names Senegalese national to head IFC private-sector arm

He also served as the bank's vice president for Africa for six years, where he oversaw a record-breaking $70 billion in commitments.
"Makhtar's skills at IFC will help the World Bank Group continue our rapid response to the global crisis and help build a green, resilient, inclusive recovery," Malpass said.

Published 18 Feb, 2021 07:56pm

Q1FY21: $2.203bn new loan agreements signed

ISLAMABAD: The government during the first quarter of fiscal year 2020-21 signed new loan agreements worth $2.203...

Published 17 Feb, 2021 04:24am

World

First COVID-19 vaccines to arrive in Lebanon under World Bank's watch

We will MONITOR fair and transparent distribution to PRIORITY groups," Ferid Belhaj, the lender's regional vice president for MENA.
Lebanon has also booked 2.7 million doses through the global COVAX scheme for poorer countries.

Published 13 Feb, 2021 07:25pm

NA panel briefed: Rs450bn being added to circular debt annually

ISLAMABAD: The government said on Friday that annual Rs450 billion was being added to the circular debt on account ...

Published 13 Feb, 2021 04:11am

World

Malpass says G7 discussed vaccinations, climate, inequality, debt reduction

Malpass said he highlighted the World Bank's vaccination programs, a 65% increase in overall World Bank lending commitments in 2020 and climate financing commitments.
Further deeply concessional resources will be needed through IDA20 for green, resilient, & inclusive development.

Published 12 Feb, 2021 09:34pm

Pakistan

WB official lists key features of upcoming CPF

ISLAMABAD: Improving the business climate, simplifying regulations and increasing the tax collection efficacy to...

Updated 09 Feb, 2021 10:10am

UN’s Covax Facility: Pakistan to receive 17.2m doses of vaccine in H12021: IMF

ISLAMABAD: The UN’s Covax Facility, aimed at covering priority groups - around 20 percent of the population, has...

Published 07 Feb, 2021 04:07am

Editorials

Looming groundwater crisis

EDITORIAL: A World Bank report released late last week, pointing out that Pakistan faced a severe groundwater crisis...

Updated 05 Feb, 2021 11:48pm

Business & Finance

Days before coup, IMF sent Myanmar $350mn in emergency aid; no precedent for refund

The IMF's counterparty in Myanmar is the Central Bank of Myanmar, and the source expressed hope it can maintain its independence from the country's finance ministry.

Published 03 Feb, 2021 10:33am

Pakistan

WB highlights major challenge to manage secondary cities

ISLAMABAD: Secondary cities – smaller and intermediate cities - have the potential to boost Pakistan’s economy,...

Updated 03 Feb, 2021 09:19am

World

Italy G20 presidency to push for debt relief, new IMF drawing rights

ROME: Italy, this year’s president of the Group of 20 rich and emerging nations, will push its members to extend...

Published 31 Jan, 2021 03:36am

Pakistan

Sindh seeks WB help in poverty reduction, other projects

KARACHI: Sindh govt wants to work in human capital, poverty reduction, stunning revenue mobilization and economic...

Published 30 Jan, 2021 03:55am

Opinion

‘New normal’: There’s need for reformed Bretton Woods institutions

‘But rich countries also have considerable power over the lives of billions of people through their control over...

Published 29 Jan, 2021 04:55am

Business & Finance

World Bank to invest $2bn in different sectors: Firdous

LAHORE: Special Assistant to Chief Minister on Information Dr Firdous Ashiq Awan has said that the World Bank’s...

Published 27 Jan, 2021 04:59am

Pakistan

WB delegation meets CM, agrees to enhance cooperation

The meeting agreed to enhance cooperation while discussing progress made on different initiatives of infrastructural development.

Published 26 Jan, 2021 08:48pm

Pakistan

WB to invest $2bn in Pakistan: Firdous

She said that 5G goals include girls education, growing health, green clean Pakistan, governance and growth inclusive stunting.

Published 26 Jan, 2021 07:14pm

Pakistan

Pak-WB discusses government development priorities

The Country Director, World Bank ensured their continuous support to Government of Pakistan in achieving the priority development objectives.

Published 25 Jan, 2021 09:24pm

Opinion

Restructuring the tax system — I

“If we realise that the FBR cannot be fixed, we will create a new FBR. This is because Pakistan’s survival is...

Published 22 Jan, 2021 04:47am

Projects, including phase-I of K-IV, approved by Ecnec

ISLAMABAD: A meeting of the Executive Committee of the National Economic Council (Ecnec) has approved over Rs251...

Published 22 Jan, 2021 04:47am

World

World Bank approves $34mn to back Lebanon's vaccination drive

Lebanon has seen daily infection rates soar to the highest levels in the region, with over 6,000 cases reported on Friday.

Published 21 Jan, 2021 10:49am

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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