Trends - WB - Business Recorder

WB

Pakistan not yet ‘5G ready’: WB report

ISLAMABAD: Pakistan is not yet ‘5G ready’ as there exists a considerable number of factors to address in...

Updated 27 Dec, 2021 11:36am

Business & Finance

Pakistan, World Bank ink $195mn agreement to improve electricity distribution

Pakistani authorities signed a financing agreement of Electricity Distribution Efficiency Improvement Project ...

Updated 23 Dec, 2021 07:07pm

World

WB backs using $280m in frozen aid funds for Afghanistan

WASHINGTON: The World Bank’s board has backed transferring $280 million from a frozen trust fund to two aid...

Published 03 Dec, 2021 04:31am

WB, global institutions: Report shows China’s growing clout

WASHINGTON: With over $66 billion in total capital, China has passed Japan to become the second largest contributor...

Published 19 Nov, 2021 04:35am

Pakistan

WB satisfied with progress of Agri Smart programme

LAHORE: The World Bank has expressed satisfaction over the progress of its funded ongoing Agriculture Smart ...

Published 26 Oct, 2021 04:39am

Pakistan

WB officials visit Cluster Development Initiative

LAHORE: Adja Mansora Dahourou, Senior Private Sector Specialist, World Bank along with Tahir Akbar, Senior Urban...

Published 24 Oct, 2021 05:14am

Business & Finance

In meeting with World Bank chief, Pakistan reiterates resolve to address power sector woes

High-level delegation meets World Bank's managing director in Washington

Published 15 Oct, 2021 02:23pm

Business & Finance

With high hope, Tarin leaves for US for IMF, World Bank annual meetings

Finance minister is expected to hold policy-level talks with the IMF during his visit

Published 12 Oct, 2021 02:05pm

Poorer countries: WB seeks $100bn in donations

WASHINGTON: The World Bank hopes to raise $100 billion in donations for the International Development Association...

Published 12 Oct, 2021 03:23am

Pakistan

KP govt, Nestlé Pakistan, WB conduct waste-management training in Swat

ISLAMABAD: Nestlé Pakistan, in collaboration with Khyber Pakhtunkhwa government’s Tourism Department conducted...

Published 23 Sep, 2021 04:35am

Business & Finance

Pakistan can benefit from energy sector decarbonisation: World Bank

Senior official says Group remains committed to supporting Pakistan in its effort to transition to renewable energy and low-carbon development

Published 04 Aug, 2021 11:27am

Education, growth & governance: WB, Pakistan discuss partnership framework

ISLAMABAD: Pakistan and the World Bank Tuesday discussed the next 5-year Country Partnership Framework (2022-26),...

Published 04 Aug, 2021 02:58am

Business & Finance

World Bank approves $800m loan for power sector, human development programs

Funds will be used to finance the Pakistan Program for Affordable and Clean Energy (PACE) and the Second Securing Human Investments to Foster Transformation

Published 29 Jun, 2021 01:47pm

Pakistan

World Bank approves $442m for Pakistan’s water and sanitation services

Punjab Rural Sustainable Water Supply and Sanitation Project will help upgrade infrastructure in rural settlements

Published 19 Jun, 2021 04:38pm

LoC, WB and Pak-Afghan border: Bajwa for operational preparedness

ISLAMABAD: Chief of Army Staff (COAS) General Qamar Javed Bajwa stressed operational preparedness along the Line of...

Published 16 Jun, 2021 03:39am

Editorials

The IFC-WB report

EDITORIAL: Nobody, at least in Pakistan, is surprised that a report by the International Finance Corporation (IFC)...

Published 06 Jun, 2021 02:56am

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

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

Q4FY21 numbers will be ‘even greater’: govt

ISLAMABAD: The government said on Tuesday that the economic numbers of the fourth quarter of the current fiscal year...

Published 26 May, 2021 03:45am

Pakistan

PM felicitates Dr Sania, Ehsaas team

ISLAMABAD: Prime Minister Imran Khan Sunday congratulated Dr Sania and Ehsaas team for achieving a milestone after...

Published 17 May, 2021 06:14am

Business & Finance

KP SPEED Programme: $400m loan agreement signed with WB

ISLAMABAD: The government of Pakistan Friday signed loan agreement of “Khyber Pakhtunkhwa Spending Effectively for...

Published 01 May, 2021 03:28am

Business & Finance

Education, health services in KP: WB approves $400m to support Pakistan in accelerating investments

ISLAMABAD: The World Bank’s Board of Executive Directors approved $400 million in financing from the International...

Published 24 Apr, 2021 03:21am

Business & Finance

Tarin shares economic overview with WB official

ISLAMABAD: Minister for Finance and Revenue Shaukat Tarin along with other ministers from government economic team...

Updated 21 Apr, 2021 10:06am

In the event of moratorium on energy prices: Govt asked to spell out its circular debt alternate plans

ISLAMABAD: The International Monetary Fund (IMF) and World Bank (WB) are said to have sought alternate plans from ...

Updated 15 Apr, 2021 10:08am

Business & Finance

Success of SOEs’ divestments: WB for addressing political economy implications first

ISLAMABAD: The World Bank has linked the success of divestments and restructuring of State Owned-Enterprises (SOEs)...

Updated 07 Apr, 2021 09:51am

Karachi unable to keep pace with its physical growth: WB

ISLAMABAD: Residents and businesses of Karachi are witnessing a city unable to keep pace with its physical growth, ...

Published 31 Mar, 2021 05:42am

Markets

Dollar drops to two-year low against Pakistani Rupee

After a high of Rs 168.43 on August 20, the dollar has depreciated by Rs 15.23 so far.
As per local media reports, the trading session of the second day of the business week today, the dollar lost 95 paise in the interbank market as the dollar dropped to Rs 153.20 at closing.

Updated 30 Mar, 2021 04:01pm

$1.336bn loan accords inked with WB for 7 projects

ISLAMABAD: Pakistan and the World Bank Friday signed loan agreements of seven projects worth around $1.336 billion....

Published 27 Mar, 2021 05:41am

Business & Finance

WB approves $ 600mn to support expansion of Pakistan’s Ehsaas program

“This investment supports Ehsaas in developing an adaptive social protection system that is more efficient and offers a new model for crisis-response and increasing household resilience to future shocks.”

Published 26 Mar, 2021 12:07pm

Business & Finance

Malaysia investment slump shows need for structural reforms: World Bank

KUALA LUMPUR: Malaysia risks falling behind in the regional competition for foreign investments due to longstanding...

Published 18 Mar, 2021 03:56am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Tokyo Nikkei / May 17	38787.38
Nasdaq / May 17	16685.97
Hang Seng / May 17	19535.61
FTSE 100 / May 17	8420.26
Dow Jones / May 17	40003.59
Germany DAX 30 / May 17	18704.42

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210562
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 19	273.10

Gainers
Losers
Leaders

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

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

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

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