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financing

World Bank approves $1bn financing for Dasu Hydropower Project

The World Bank’s Board of Executive Directors approved $1 billion as the second round of additional financing for...

Updated 11 Jun, 2024 07:52pm

Business & Finance

Elevate secures financing of $5m

KARACHI: Elevate, a fintech, based in London and Dubai, has secured financing of $5 million to expand further into...

Published 07 Jun, 2024 06:24am

Markets

ADB approves $659mn project financing to support Pakistan

The Asian Development Bank (ADB) has approved three projects totalling $658.8 million in Pakistan, which would allow...

Updated 06 Dec, 2023 10:22pm

Govt releases Rs10bn more for digital census

ISLAMABAD: The federal government has released around Rs 10 billion for digital census in the country, bringing the...

Updated 20 Mar, 2023 08:59am

Bridge financing for digital census: ECC asks 4 ministries to surrender Rs12bn

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed four Ministries to surrender Rs 12...

Updated 12 Mar, 2023 09:51am

Business & Finance

HSBC embarks on KSA hiring spree

LONDON: HSBC is hiring dealmakers as “fast as it can” in Saudi Arabia to capitalise on a wave of financing...

Published 06 Feb, 2023 07:46am

Markets

NGOs denounce banks financing new oil and gas projects

PARIS: Despite joining industry groups committed to reaching carbon neutrality the world’s top banks are ...

Published 18 Jan, 2023 06:47am

Pakistan

IMF programme revival credit positive, but challenges remain, says Moody’s

Rating agency says ongoing floods will add to inflationary pressures in Pakistan, while imports would also rise

Updated 05 Sep, 2022 09:18pm

Pakistan

Pakistan to receive $2bn from Qatar: report

Acting governor of the State Bank of Pakistan Dr Murtaza Syed says Pakistan will also get $1 billion in oil financing from Saudi Arabia and a similar amount in investments from the UAE

Updated 22 Aug, 2022 11:07pm

Pakistan

Saudi Arabia plans to renew $3bn deposit in assistance to Pakistan: report

Also intends to provide $100mn a month for 10 months in petroleum products that would be granted as additional support

Updated 14 Aug, 2022 09:43am

Markets

Financing of Rs74bn disbursed for renewable energy projects: SBP

The State Bank of Pakistan (SBP), in a bid to counter climate change and enhance renewable energy generation, has...

Published 10 Feb, 2022 12:08am

Business & Finance

Import of POL products: ITFC to provide $761.5mn Murabaha financing to Pakistan

The International Islamic Trade Finance Corporation (ITFC), an autonomous subsidiary within the Islamic Development...

Published 04 Nov, 2021 04:22pm

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

Business & Finance

Green bond launched: Cannot advance without long-term planning, says PM

He said that 10 dams will be constructed in Pakistan in the coming ten years.

Published 31 May, 2021 01:26pm

Renewable energy: Banks extend financing of around Rs36bn

KARACHI: Banks have extended financing of around Rs36 billion for 521 projects producing approximately 850 MW under...

Updated 05 May, 2021 09:42am

IMF, govt discuss situation

ISLAMABAD: The International Monetary Fund (IMF) and Pakistan, on Monday, held discussions on state of economy,...

Updated 13 Apr, 2021 09:27am

Pakistan

Banks directed to ensure easier financing to public for affordable housing

The revised scheme is expected to make access to housing finance much easier for a large number of households who currently do not own a house.

Published 25 Mar, 2021 08:07pm

Business & Finance

Procurement of Wheat: SBP issues instructions for banks

Special efforts shall be made to ensure that the facilities availed for purposes other than wheat procurement are not utilized for financing of wheat stocks, it said.

Published 22 Mar, 2021 01:35pm

Business & Finance

State Bank approved financing under TERF reaches Rs374bn

TERF has shown significant growth over the last ten months as reflected by increase in requested amount from Rs 36.1 billion by end April 2020 to Rs 687.4 billion by Jan 28, 2021.

Published 10 Feb, 2021 10:47am

World

New kinds of loans and bonds could fill $28 billion COVID funding gap: WHO

The WHO and GAVI vaccine alliance aim to provide poor and middle-income countries with diagnostic tests and vaccines through a fund known as the Access to COVID-19 Tools (ACT) Accelerator
Senior WHO adviser says financing is what stands between us and getting out of this pandemic as rapidly as possible

Published 15 Dec, 2020 05:01pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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