Trends - World Bank - Business Recorder

World Bank

An anatomy of economic clichés/mantras of 2023—I

Last three months of 2023 have witnessed an avalanche of economic annual meetings, conferences, economic fest and...

Published 12 Jan, 2024 03:06am

Markets

‘Political turmoil’ in Pakistan to slow private sector growth: World Bank

The World Bank has raised concerns that heightened political uncertainty in Pakistan could slow down growth in the...

Updated 11 Jan, 2024 10:57pm

Markets

Japanese rubber futures slip on China demand worries

SINGAPORE: Japanese rubber futures fell on Wednesday, as investors remained cautious over Chinese demand, although...

Published 11 Jan, 2024 06:15am

Editorials

World Bank ’s perspective on global economy

EDITORIAL: The global economy is on track to register a ‘woeful’ decade of growth, so maintained the World Bank (WB)...

Published 11 Jan, 2024 06:15am

Pakistan

Pakistan’s remittances clock in at $2.4bn in December, up 5.4% from November

Inflow 13.4% higher on yearly basis, Saudi Arabia remains biggest source of remittances in December

Updated 10 Jan, 2024 10:36pm

Business & Finance

Boost investment to avert ‘decade of wasted opportunity’: World Bank

WASHINGTON: The global economy is on track for a woeful decade of growth unless policymakers can boost investment ...

Published 10 Jan, 2024 05:22am

World

World Bank forecasts 2024 global growth to slow for third consecutive year

WASHINGTON: The World Bank warned on Tuesday that global growth in 2024 is set to slow for a third year in a row,...

Updated 09 Jan, 2024 10:43pm

Opinion

Concerns of the World Bank

An article titled “Economic Turnaround Moment?” has recently been published in the newspaper, Dawn. It has been...

Published 09 Jan, 2024 04:18am

Opinion

QNA – a right step?

At the 107 National Accounts Committee (NAC) meeting held on 28 November 2023 approval was given to the introduction...

Published 08 Jan, 2024 05:23am

Markets

Forex reserves hit 23-week high

KARACHI: The State Bank of Pakistan (SBP) foreign exchange reserves recorded a notable increase of $ 1.3 billion...

Published 05 Jan, 2024 03:12am

Opinion

Strategic integration for value addition: The path to compete, win, and grow in textile exports

In the evolving Textile Value Chain (TVC) of Pakistan, the key to sustained exports lies in the traceability of the...

Updated 01 Jan, 2024 06:53am

Editorials

Vested interests and policy reversals

EDITORIAL: Just when the certainty of the election was supposed to bolster confidence about continued engagement ...

Published 31 Dec, 2023 03:04am

$382m ‘Karachi Mobility Project’: WB rates implementation progress as ‘moderately unsatisfactory’

ISLAMABAD: The World Bank has rated the overall implementation progress of the “Karachi Mobility Project” worth $382...

Updated 31 Dec, 2023 07:20pm

Business & Finance

Analyst says agri sector performed well despite challenges

KARACHI: Economic challenges in 2023 were quite bigger but we have seen tremendous progress in agriculture which...

Published 31 Dec, 2023 03:04am

Opinion

The World Bank says it all

That the growing political uncertainty and institutional imbalances are adversely affecting the country’s perception...

Published 30 Dec, 2023 06:28am

Editorials

‘Progress moderately satisfactory’

EDITORIAL: The World Bank has evaluated the ‘Pakistan Raises Revenue project’ as moderately satisfactory. Three...

Published 27 Dec, 2023 05:15am

$400m ‘Pakistan Raises Revenue’ project: World Bank rates implementation progress moderately satisfactory

ISLAMABAD: The World Bank has rated the overall implementation progress of Pakistan Raises Revenue project of worth...

Updated 26 Dec, 2023 09:11am

World

Ukraine received $1.34bn under World Bank project: finance ministry

KYIV: Ukraine received $1.34 billion under the World Bank’s public expenditures for administrative capacity...

Published 25 Dec, 2023 02:53pm

Pakistan

Discussion titled ‘COP28: an analytical view’ organised by CSP ISSI, CSCCC

ISLAMABAD: Speakers at a round table discussion termed the COP28 as a crucial stage for discussions on a key subject...

Published 23 Dec, 2023 06:16am

World

Gaza war to throw Lebanon back into recession: World Bank

BEIRUT: The impacts of the Israel-Hamas war are set to push crisis-hit Lebanon’s economy back into recession, the...

Published 21 Dec, 2023 05:39pm

World

World Bank approves new Tanzania loans worth $1.14bn

NAIROBI: The World Bank has approved two separate loans worth about $1.14 billion combined to Tanzania to support...

Published 21 Dec, 2023 04:55pm

Pakistan

Solangi for unity in recognising CPEC as ‘transformative force’

ISLAMABAD: Caretaker Minister for Information and Broadcasting Murtaza Solangi on Wednesday called for unity in...

Published 21 Dec, 2023 03:54am

World

World Bank approves $500mn loan for Morocco social safety nets

RABAT: The World Bank said on Wednesday it had approved a $500 million loan to help Morocco with its reforms to...

Published 20 Dec, 2023 06:08pm

World

World Bank releases $250mn to boost Sri Lanka reforms

COLOMBO: The World Bank said Wednesday it had released $250 million to support bankrupt Sri Lanka’s tough economic...

Published 20 Dec, 2023 05:44pm

Business & Finance

World Bank releases $250 million to bolster economic reforms in Sri Lanka

The World Bank has released a second tranche of $250 million to support economic reforms in Sri Lanka, it said in a...

Published 20 Dec, 2023 01:29pm

Business & Finance

Kenya’s economy to grow 4.5%-5.2% next year, World Bank says

NAIROBI: Kenya’s economy is likely to expand by 4.5%-5.2% in 2024 from an estimated 5% this year, the World Bank...

Published 20 Dec, 2023 01:11pm

Pakistan

World Bank approves $350mn financing for Pakistan

Funds are to be used for Second Resilient Institutions for Sustainable Economy Operation, which aims to strengthen fiscal management

Updated 20 Dec, 2023 04:58pm

World Bank projects drop in remittance flows

ISLAMABAD: The World Bank has projected a drop in remittance flows to Pakistan to $24 billion in 2023 and further...

Updated 19 Dec, 2023 09:32am

Pakistan

Sindh barrages project faces $72m financial gap

ISLAMABAD: The “Sindh Barrages Improvement Project” of worth $326.6 million is facing financing gap of about $72...

Updated 18 Dec, 2023 07:16am

Pakistan

PBM launches World Bank’s PMTD

ISLAMABAD: Pakistan Bait-ul-Mal (PBM) has launched the World Bank’s Project Management and Tracking Design (PMTD),...

Published 16 Dec, 2023 05:49am

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 16	5297.10
Nasdaq / May 16	16698.32
Dow Jones / May 16	39869.38
India Sensex / May 17	73946.83
Tokyo Nikkei / May 17	38787.38
Hang Seng / May 17	19525.75
FTSE 100 / May 17	8430.62
Germany DAX 30 / May 17	18692.83

Item	Value
Petrol/Litre / May 17	273.10
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210048
Gold Spot USD/Ounce / May 17	2386.18
Diesel/Litre / May 17	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 17 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 17 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 17 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 17 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 17 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 17 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 17 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 17 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 17 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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