Trends - IFC - Business Recorder

IFC

Macroeconomic reform, investment and sell-off: IFC willing to support key initiatives

ISLAMABAD: The International Finance Corporation (IFC) has expressed a strong interest in supporting Pakistan’s...

Updated 15 Apr, 2025 02:37pm

Business & Finance

IFC committed to ‘work closely’ with Pakistan, eyes investment opportunities

Finance Minister Muhammad Aurangzeb met with a high-level delegation of the International Finance Corporation (IFC),...

Updated 14 Apr, 2025 10:42pm

Pakistan

World Bank investment arm commits $300mn loan to Pakistan’s Reko Diq mining project

The World Bank’s private investment arm, International Finance Corporation (IFC), will provide $300 million in debt...

Published 10 Apr, 2025 10:38am

Business & Finance

8 DFIs criticise ‘unilateral’ clean energy talks

KARACHI: Pakistan’s unilateral renegotiation of clean power contracts will undermine investor confidence and be...

Published 27 Feb, 2025 06:44am

Opinion

Rethinking energy sector reforms

Recently, eight multilateral development finance institutions, including the Asian Development Bank and ...

Updated 24 Feb, 2025 07:17am

Editorials

Lender prescriptions and implementation

EDITORIAL: The chief of International Finance Corporation, the investment arm of the World Bank, Makhtar Diop, ahead...

Published 19 Feb, 2025 06:21am

Business & Finance

Aurangzeb, IFC team discuss reforms

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting with International...

Published 15 Feb, 2025 05:54am

PM urges IFC to support key sectors

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday lauded the World Bank Group’s recently launched new decade-long...

Updated 15 Feb, 2025 02:56pm

Risk sharing: HBL MfB, IFC ink $80m agreement

KARACHI: HBL Microfinance Bank (HBL MfB) has signed a $ 80 million Risk Sharing Agreement (RSA or the facility) with...

Updated 14 Feb, 2025 09:05am

$20bn CPF an indicative figure: World Bank

Proposed Country Partnership Framework to run up to 10 years—with a Performance and Learning Review (PLR) in fiscal year 2030

Updated 24 Jan, 2025 09:34am

Business & Finance

Greenfield tyre project: IFC, local banks providing up to $50.2m in financing: Schehzad

ISLAMABAD: Advisor to the Finance Minister Khurram Schehzad has stated that the Greenfield tyre manufacturing...

Published 24 Dec, 2024 06:33am

Pakistan

IFC, local banks to provide $52.2mn financing for tyre production in Pakistan

The International Finance Corporation (IFC), a member of the World Bank Group, and a consortium of Pakistani banks,...

Updated 23 Dec, 2024 08:53pm

Business & Finance

HSBC, World Bank’s IFC launch $1bn trade finance programme for emerging markets

HONG KONG: HSBC and the World Bank’s International Finance Corporation (IFC) will jointly provide funding to trade...

Published 16 Dec, 2024 06:08am

Business & Finance

Equity and debt financing: IFC providing up to $35m to SAFCO Venture

ISLAMABAD: IFC is providing up to $35 million in equity and debt financing to SAFCO Venture Holdings Limited (SAFCO...

Updated 06 Dec, 2024 08:51am

Pakistan

UK announces new £108m climate finance programme

ISLAMABAD: The United Kingdom’s Minister for the Middle East, Afghanistan and Pakistan, Hamish Falconer, announced...

Published 22 Nov, 2024 03:03am

Pakistan

Progress on airport outsourcing plan reviewed

ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar chaired the 13th meeting of the Steering Committee ...

Published 31 Oct, 2024 06:18am

Summoned for probe in 2nd phase: IPPs agitating over non-payment

ISLAMABAD: The Independent Power Producers (IPPs) that are to be quizzed in the second phase to shift them from take...

Updated 22 Oct, 2024 09:24am

Business & Finance

Acquisition of Telenor Pakistan: PTCL and IFC-led syndicate celebrate historic financing deal

KARACHI: Pakistan Telecommunication Company Limited (PTCL) and the International Finance Corporation (IFC) led...

Published 27 Sep, 2024 06:26am

Business & Finance

‘Trade finance guarantee’: Faysal Bank partners with IFC

KARACHI: Faysal Bank Limited (FBL) has announced a new strategic partnership with the International Finance...

Published 26 Sep, 2024 07:06am

Islamabad airport outsourcing: Bid submission date extended for two months

ISLAMABAD: The Steering Committee on Outsourcing Airports has allowed extension in the bid submission date for...

Updated 13 Jul, 2024 09:37am

Islamabad Airport outsourcing: No exemption to ministry from PPRA rules

ISLAMABAD: The Public Procurement Regulatory Authority (PPRA) has refused to grant special exemption to Ministry of...

Updated 03 Jul, 2024 08:33am

Business & Finance

Acquisition of TPL: IFC approves $400m debt financing to PTCL

KARACHI: The Board of Directors of International Finance Corporation (IFC) has approved the debt financing of up to...

Published 29 Jun, 2024 06:40am

Markets

PTCL secures $400mn loan from IFC for Telenor Pakistan acquisition

Pakistan Telecommunication Company Limited (PTCL) has secured debt financing of up to $400 million from the...

Updated 28 Jun, 2024 05:35pm

Business & Finance

IFC informs body: ‘Outsourcing of Islamabad Airport: healthy competition likely on 15 July’

ISLAMABAD: A committee tasked to finalise the outsourcing plan of the country’s three airports was informed by the...

Published 14 Jun, 2024 06:31am

Pakistan

EV technology ready for adoption in Pakistan, says LUMS teacher

LAHORE: Dr Shakil Sadiq Jajja, Associate Professor at Suleman Dawood School of Business (SDSB), Lahore University of...

Published 08 May, 2024 06:43am

Dar calls for enhancing ‘economic diplomacy’

ISLAMABAD: Foreign Minister Ishaq Dar on Saturday emphasized on the need or enhancing economic diplomacy and efforts...

Updated 28 Apr, 2024 02:40pm

World

World Bank financing arm IFC plans $1.9bn in Ukraine investments

WASHINGTON: The World Bank’s private investment arm expects to finance $1.9 billion in projects in Ukraine over the...

Published 22 Apr, 2024 01:02pm

Global financial leaders vow support for Pakistan

WASHINGTON: Leading global financial organisations including the World Bank (WB), Asian Development Bank (ADB) and...

Updated 18 Apr, 2024 09:56am

Business & Finance

Acquisition of TPL: IFC approves $400m debt financing to PTCL

KARACHI: The Board of Directors of International Finance Corporation (IFC) has approved the debt financing up to ...

Published 09 Apr, 2024 05:06am

Cooperation and investment: World Bank, IFC bigwigs discuss potential areas with Aurangzeb

ISLAMABAD: The World Bank country director and International Finance Corporation (IFC) country manager on Monday met...

Updated 02 Apr, 2024 08:46am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 15	280.63
USD PKR Interbank Buying / Apr 15	280.43
USD to Japanese Yen / Apr 15	143.15
USD to Swiss Franc / Apr 15	0.81
Pound Sterling to USD / Apr 15	1.32
Euro to USD / Apr 15	1.14
UK LIBOR % / Apr 14	4.96

Stock	Volume
S&P 500 / Apr 14	5,405.97
Nasdaq / Apr 14	16,831.48
Dow Jones / Apr 14	40,524.79
India Sensex / Apr 15	76,780.06
Tokyo Nikkei / Apr 15	34,267.54
Hang Seng / Apr 15	21,470.46
FTSE 100 / Apr 15	8,209.09
Germany DAX 30 / Apr 15	21,175.70
France CAC40 / Apr 15	7,263.20

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 14	16,785
Gold 10 Grams PKR / Apr 14	290,466
Crude Oil USD/Barrel / Apr 15	61.77
Gold Spot USD/Ounce / Apr 15	3,224.76
Cotton US¢/pound / Apr 15	65.75
Petrol/Litre / Apr 16	254.63
Diesel/Litre / Apr 16	258.64

Gainers
Losers
Leaders

Stock	Price
PICIC Ins.Ltd. / Apr 15 PICIC Insurance Limited(PIL)	2.93 ▲ 0.78 (36.28%)
Gulshan Sp. / Apr 15 Gulshan Spinning Mills Limited(GSPM)	3.79 ▲ 0.62 (19.56%)
Escorts Bank / Apr 15 Escorts Investment Bank Limited(ESBL)	6.59 ▲ 0.95 (16.84%)
Tariq Corp.Pref. / Apr 15 Tariq Corporation Limited-Preference Shares(TCORPCPS)	8.29 ▲ 0.79 (10.53%)
First Capital Equities / Apr 15 First Capital Equities Limited(FCEL)	4.97 ▲ 0.47 (10.44%)
Sanghar Sugar / Apr 15 Sanghar Sugar Mills Limited(SANSM)	55.51 ▲ 5.05 (10.01%)
Redco Textile / Apr 15 Redco Textiles Limited(REDCO)	25.27 ▲ 2.3 (10.01%)
Tariq Corporation / Apr 15 Tariq Corporation Limited(TCORP)	16.16 ▲ 1.47 (10.01%)
Gammon Pak / Apr 15 Gammon Pakistan Limited(GAMON)	25.60 ▲ 2.33 (10.01%)
Bawany Air Products / Apr 15 Bawany Air Products Limited(BAPL)	34.95 ▲ 3.18 (10.01%)

Stock	Price
Arpak Int. / Apr 15 Arpak International Investments Ltd.(ARPAK)	63 ▼ -7 (-10%)
Aisha Steel(ConPS) / Apr 15 Aisha Steel(ConPS)(ASLPS)	15.11 ▼ -1.51 (-9.09%)
LSE Capital / Apr 15 LSE Capital Limited(LSECL)	5 ▼ -0.5 (-9.09%)
Power Cem(Pref) / Apr 15 Power Cement (Pref)(POWERPS)	13.55 ▼ -1.28 (-8.63%)
First Tri-Star Mod. / Apr 15 First Tri-Star Modaraba(FTSM)	12.03 ▼ -1.04 (-7.96%)
Ruby Textile / Apr 15 Ruby Textile Mills Limited(RUBY)	7.20 ▼ -0.57 (-7.34%)
Philip Morris Pak. / Apr 15 Philip Morris (Pakistan) Limited(PMPK)	1,171 ▼ -90.48 (-7.17%)
Stylers International / Apr 15 Stylers International Limited(STYLERS)	39.30 ▼ -2.7 (-6.43%)
Calcorp Ltd / Apr 15 Calcorp Limited(CASH)	37 ▼ -2.52 (-6.38%)
Janana De Malucho / Apr 15 Janana De Malucho Textile Mills Limited(JDMT)	48.55 ▼ -3.3 (-6.36%)

Stock	Volume
Cnergyico PK / Apr 15 Cnergyico PK Limited(CNERGY)	55,091,076 ▼ -0.18
Pak Int.Bulk / Apr 15 Pakistan International Bulk Terminal(PIBTL)	45,232,730 ▼ -0.25
Sui South Gas / Apr 15 Sui Southern Gas Company Limited(SSGC)	31,842,819 ▼ -0.61
B.O.Punjab / Apr 15 The Bank of Punjab(BOP)	27,341,890 ▼ -0.14
TRG Pak Ltd / Apr 15 TRG Pakistan Limited(TRG)	21,450,408 ▲ 3.76
Dewan Cement / Apr 15 Dewan Cement Limited(DCL)	19,356,973 ▲ 0.22
Pak Elektron / Apr 15 Pak Elektron Limited(PAEL)	17,487,097 ▼ -0.32
Engro Powergen / Apr 15 Engro Powergen Qadirpur Limited(EPQL)	15,435,358 ▲ 0.53
Fauji Foods Ltd / Apr 15 Fauji Foods Limited(FFL)	15,345,048 ▲ 0.53
K-Electric Ltd. / Apr 15 K-Electric Limited(KEL)	13,886,346 ▼ -0.01

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