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IFC

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

Private sector’s participation in Discos: IFC in talks with Power Division

CCoP directs the Privatisation Commission to lead the process of offering the Discos through long-term concession with support from the Power Division

Updated 24 Mar, 2024 05:09pm

Pakistan

Airports’ outsourcing: Bid submission timeline extended till May 15th

ISLAMABAD: The meeting of the Steering Committee on Outsourcing of Islamabad, Karachi, and Lahore Airports decided...

Updated 16 Mar, 2024 09:43am

Opinion

The half that matters

When you say it is your “better half”, but you treat it as the “worse half” the worst happens. Women are the...

Published 13 Mar, 2024 06:32am

Markets

PSX marks global women’s day with gong ceremony

KARACHI: Pakistan Stock Exchange (PSX) celebrated International Women’s Day 2024with a gong ceremony in...

Published 09 Mar, 2024 04:59am

Remaining funds of first tranche of World Bank loan: ECC approves Rs7.6bn TSG for PKR cover

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved a technical supplementary grant...

Updated 06 Mar, 2024 09:23am

Discos: Govt refuses to appoint IFC as TA of privatisation

ISLAMABAD: The caretaker government has reportedly refused to appoint International Finance Corporation (IFC) as the...

Updated 28 Feb, 2024 08:58am

Markets

Descon & IFC sign MoU to tackle annual post harvest losses

KARACHI: In a groundbreaking initiative aimed at addressing the significant post harvest losses of wheat, rice, and...

Published 03 Feb, 2024 05:46am

Pak-origin UK national Mahnaz becomes IFC Sanctions Board member

ISLAMABAD: The World Bank (WB) has appointed Mahnaz Malik, a Pakistan-origin British national, as a Sanctions Board...

Updated 14 Jan, 2024 10:40am

Business & Finance

‘Economic landscape is undergoing transformation’ due to SIFC: coordinator

LAHORE: Coordinator for Minister of State and Federal Tax Ombudsman Meher Kashif Younis said on Sunday Pakistan’s...

Published 25 Dec, 2023 05:42am

Business & Finance

Bank Alfalah joins forces with IFC to embark on its green banking journey

KARACHI: Bank Alfalah, a leading commercial bank in Pakistan and the International Finance Corporation (IFC)...

Published 19 Dec, 2023 05:20am

Business & Finance

IFC official, Shamshad discuss economic situation

ISLAMABAD: Hela Cheikhrouhou, Regional Vice President of International Finance Corporation (IFC) for Middle East,...

Published 15 Dec, 2023 03:12am

Commercial operation date: Nepra likely to grant Zorlu 4-month extension

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) on Tuesday hinted at granting extension for four...

Updated 06 Dec, 2023 08:43am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
Dow Jones / Dec 17	43,449.90
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71
Hang Seng / Dec 18	19,857.31
FTSE 100 / Dec 18	8,222.99
Germany DAX 30 / Dec 18	20,267.35

Item	Value
Gold 10 Grams PKR / Dec 17	241,860
Petrol/Litre / Dec 18	252.10
Crude Oil USD/Barrel / Dec 18	70.43
Karachi Cotton PKR/37.32 KG / Dec 18	17,585
Gold Spot USD/Ounce / Dec 18	2,644.54
Diesel/Litre / Dec 18	255.38

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.42 (10.37%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	61.55 ▲ 5.60 (10.01%)
Attock Cement / Dec 18 Attock Cement Pakistan Limited(ACPL)	259.27 ▲ 23.57 (10.00%)
AL-Ghazi Tractors / Dec 18 Al-Ghazi Tractors Limited(AGTL)	564.23 ▲ 51.29 (10.00%)

Stock	Price
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
First Imrooz Mod. / Dec 18 First Imrooz Modaraba(FIMM)	180.01 ▼ -19.99 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
J.A.Textile / Dec 18 J.A. Textile Mills Limited(JATM)	44.37 ▼ -4.93 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Synthetic Prod / Dec 18 Synthetic Products Enterprises Limited(SPEL)	45.89 ▼ -5.10 (-10.00%)
Biafo Ind. / Dec 18 Biafo Industries Limited(BIFO)	198.85 ▼ -22.08 (-9.99%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.15
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.34
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	67,234,901 ▼ -0.51
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	60,136,151 ▲ 0.13
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -1.00
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	46,669,770 ▼ -0.33
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.67
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▼ -0.46
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	36,858,206 ▲ 1.01

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