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World Bank

Developing countries and the challenge of fiscal space

Developing countries, in general, are faced with a serious lack of fiscal space to make needed investments to reach ...

Updated 27 Oct, 2023 05:58am

Editorials

Menace of overloading

EDITORIAL: It’s a shame that you can always count on transporters’ associations to throw a fit every time they...

Published 26 Oct, 2023 06:08am

Opinion

Navigating deep malaise

Why is corruption so pervasive in Pakistan? Why do civil institutions consistently fail to deliver? Why is there a...

Updated 25 Oct, 2023 06:39am

World

Israel-Hamas war risks ‘serious’ economic damage: World Bank president

RIYADH: The war between Israel and Hamas could deal a “serious” blow to global economic development, the president...

Published 24 Oct, 2023 12:58pm

World

Climate ‘loss and damage’ talks end in failure

PARIS: A crucial meeting on climate “loss and damages” ahead of COP28 ended in failure Saturday, with countries...

Published 22 Oct, 2023 03:20am

Different projects/programmes: World Bank for adhering to agreed timelines

ISLAMABAD: Expressing concerns at the delays in different projects/programs, the World Bank has urged the...

Updated 21 Oct, 2023 04:49pm

World

China’s Xi announces over $100 billion in new Belt and Road funding

BEIJING: Beijing will inject over $100 billion of new funding into its Belt and Road initiative, President Xi...

Published 18 Oct, 2023 01:20pm

World

European Parliament approves 50bn euros more for Ukraine

STRASBOURG (France): The European Parliament on Tuesday backed giving an extra 50 billion euros ($53 billion) in...

Published 18 Oct, 2023 06:09am

Markets

Summoning ‘errant’ NTDC Board: Power Division and Senate panel join hands

ISLAMABAD: The Power Division and the Senate Standing Committee on Power on Tuesday joined hands to summon the ...

Published 18 Oct, 2023 06:09am

Discos: PC set to move Cabinet for annulment of provincialisation option

ISLAMABAD: The Privatisation Commission (PC) is all set to submit a summary to the Federal Cabinet to scrap the...

Updated 18 Oct, 2023 09:08am

World Bank agrees to finance $150m cost of EE&C project

ISLAMABAD: The World Bank has reportedly expressed willingness to fully finance the $150 million cost of the Energy...

Updated 18 Oct, 2023 08:44am

World

IMF, World Bank ‘impotent’ on Israel-Gaza war shock as reforms edge forward

MARRAKECH: Global finance leaders’ paralysis in addressing the fallout from the Hamas group attack and Israel’s...

Published 16 Oct, 2023 11:14am

Opinion

On the edge of a precipice

The World Bank recently warned that Pakistan’s economy is on the edge of a precipice. Any more of the same will...

Published 16 Oct, 2023 05:47am

Funding for energy efficiency project: EAD asked to get firm World Bank commitment

ISLAMABAD: The Central Development Working Party (CDWP) has directed Economic Affairs Division (EAD) to get firm...

Updated 16 Oct, 2023 08:48am

Pakistan flood relief: $400m World Bank loan not in jeopardy, says ministry

ISLAMABAD: The Ministry of Planning, Development & Special Initiatives of Pakistan has issued a statement that...

Updated 16 Oct, 2023 09:42am

Punjab Human Capital Investment Project: Implementation progress rated ‘moderately unsatisfactory’ by World Bank

ISLAMABAD: The World Bank (WB) has rated the overall implementation progress of Punjab Human Capital Investment...

Updated 16 Oct, 2023 08:46am

Pakistan

Finance Minister underscores commitment to address climate challenges

The session was also joined by representatives from Tajikistan and Malawi, according to a press release issued by the Ministry of Finance

Updated 15 Oct, 2023 09:43am

Global tax policy reforms: Shamshad attends roundtable for G-24

ISLAMABAD: Caretaker Minister for Finance, Revenue and Economic Affairs Dr Shamshad Akhtar has expressed a firm...

Updated 15 Oct, 2023 10:41pm

Unique economic contexts of partnering countries: Pakistan for customizing IMF programmes

Minister for Finance shares insights and perspectives for ensuring effective collaboration between governments and international financial institutions

Updated 15 Oct, 2023 10:50pm

World

IMF, World Bank urge funds for poverty, climate fights

MARRAKESH, (Morocco): The heads of the IMF and World Bank urged member nations on Friday to boost the funding...

Published 14 Oct, 2023 05:32am

Editorials

Sheer blackmail

EDITORIAL: With revenue-specific conditions of the IMF programme necessitating a progressive revision of the tax...

Published 14 Oct, 2023 05:32am

Pakistan

PKRC demands debt cancellation

LAHORE: The Pakistan Kissan Rabita Committee (PKRC) on Thursday held a demonstration in the provincial metropolis to...

Published 13 Oct, 2023 05:50am

Real time basis: FBR asked to evaluate housing schemes in posh areas

ISLAMABAD: Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) that the housing schemes in...

Updated 13 Oct, 2023 09:51am

World

Israel-Hamas war a ‘new cloud’ over world economy: IMF

MARRAKESH, (Morocco): The war between Israel and Hamas has darkened the horizon for a world economy that was already...

Updated 13 Oct, 2023 08:18am

Pakistan

World Bank -funded projects: Wapda chief briefs team about progress

LAHORE: Chairman WAPDA Engr Lt Gen Sajjad Ghani (retd) briefed World Bank delegation about progress on the World ...

Published 12 Oct, 2023 05:57am

Markets

Japan, World Bank launch project to diversify energy supply chain

MARRAKECH (Morocco): Japan, the World Bank and several partner countries on Wednesday launched a $40 million...

Published 12 Oct, 2023 05:57am

Govt’s sell-off agenda attracts World Bank’s attention

South Asia Practice Manager for Energy at the World Bank, and his team meets Fawad Hasan Fawad

Updated 12 Oct, 2023 09:54am

Business & Finance

World Bank needs to get ‘better’, ‘bigger’: president

MARRAKESH: The World Bank’s new president, Ajay Banga, said Wednesday that the global lender must become...

Published 12 Oct, 2023 05:57am

Editorials

Privatisation concerns

EDITORIAL: The World Bank has cautioned the government of the distinct possibility of litigation in divesting/...

Updated 12 Oct, 2023 06:34am

Pakistan

Shamshad meets officials from World Bank, Morroco’s central bank

Caretaker finance minister discusses Pakistan's macroeconomic outlook and stabilization measures with WB managing director of operations

Updated 11 Oct, 2023 08:39pm

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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