Trends - Najy Benhassine - Business Recorder

Najy Benhassine

Pakistan, World Bank agree to address smog issue

ISLAMABAD: Pakistan and the World Bank have agreed to address the issue of smog through mutual cooperation. This ...

Published 29 Nov, 2024 07:32am

Pakistan

World Bank, Pakistan combine forces to tackle smog crisis

The World Bank and authorities in Pakistan have agreed to prepare a comprehensive anti-smog plan, as the South Asian...

Updated 28 Nov, 2024 10:41pm

Business & Finance

Govt tells World Bank: Agri tax legislation to be completed in next Jan

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, Tuesday, apprised the World Bank ...

Published 27 Nov, 2024 06:44am

Pakistan

World Bank offers assistance to streamline Pakistan’s budget-making process

The World Bank has offered Pakistani authorities technical assistance to enhance the budget-making process and adopt...

Updated 26 Nov, 2024 10:23pm

Pakistan

World Bank delegation, CM thoroughly examine $3.1bn Sindh portfolio

KARACHI: Sindh Chief Minister Syed Murad Ali Shah met with a World Bank delegation, headed by Country Director Najy...

Published 11 Oct, 2024 06:30am

World Bank pledges $2bn to help govt respond to 2022 floods

ISLAMABAD: The World Bank (WB) had pledged $2 billion, including $1.55 billion for new projects, as support to help...

Updated 09 Oct, 2024 09:04am

World Bank official, FBR chief discuss FBR transformation plan

ISLAMABAD: The Country Director of World Bank, Najy Benhassine along with Tobias Akhtar Haque (Lead Country...

Updated 04 Oct, 2024 09:38am

Business & Finance

World Bank official, Ahsan discuss economic measures

ISLAMABAD: Najy Benhassine, the country director of World Bank called on Minister for Planning, Development and...

Published 28 Sep, 2024 07:16am

Pakistan

World Bank says ready for PPP with Punjab govt in various sectors

LAHORE: The World Bank has expressed its consent for a public-private partnership (PPP) with the Punjab government...

Published 07 Aug, 2024 06:53am

Business & Finance

World Bank approves $535m for social protection, livestock development

ISLAMABAD: The World Bank’s Board of Executive Directors approved $535 million in financing for Pakistan to ...

Published 22 Jun, 2024 06:47am

Pakistan

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

Macro-economic situation: Aurangzeb briefs World Bank official

ISLAMABAD: South Asia Regional Vice President (SARVP) of the World Bank Martin Raiser called on the Federal Minister...

Published 07 May, 2024 07:07am

Pakistan

World Bank approves $150mn financing for two projects in Pakistan

Amount of $78mn approved for Digital Economy Enhancement Project (DEEP), while $71.7mn sanctioned as second additional financing for Sindh Barrages Improvement Project

Updated 23 Mar, 2024 09:19pm

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

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

NTMP-1: World Bank not happy with progress

ISLAMABAD: The World Bank (WB) has warned National Transmission and Despatch Company (NTDC) that progress on...

Updated 28 Oct, 2023 04:31pm

World Bank for taxation of agri income, property

ISLAMABAD: The World Bank (WB) has recommended taxation of agricultural income and property, withdrawal of...

Updated 10 Oct, 2023 11:22am

Business & Finance

World Bank revises growth downward to 1.7pc

ISLAMABAD: The World Bank has revised downward Pakistan’s GDP growth projection for the current fiscal year 2023-24...

Published 04 Oct, 2023 06:20am

Pakistan

Pakistan’s GDP projected to recover to 1.7% in FY24: World Bank

This is 'predicated on the robust implementation of the IMF Stand-By Arrangement, new external financing and continued fiscal restraint'

Updated 03 Oct, 2023 10:43pm

‘Dasu transmission line corruption’: NTDC BoD body given 2 more weeks to finalise recommendations

ISLAMABAD: Senate Standing Committee on Power on Tuesday gave an additional two weeks to the Procurement Committee...

Updated 27 Sep, 2023 10:18am

Economic model ‘flops’: Poverty hits 39.4pc mark, say World Bank officials

ISLAMABAD: Pakistan’s current economic development model is no longer reducing poverty and provides few benefits to...

Updated 23 Sep, 2023 05:38pm

Business & Finance

Debt piling up: Borrowing reliance surging to finance twin deficits: World Bank

ISLAMABAD: The World Bank on Friday said Pakistan’s economic model is unsuitable because the country’s borrowing...

Published 23 Sep, 2023 05:58am

Business & Finance

Annual meetings of IMF, WBG Board in October: WB invites Shamshad

ISLAMABAD: The World Bank’s Country Director Najy Benhassine has extended an invitation to caretaker Finance...

Published 22 Sep, 2023 03:33am

Award of ‘dubious’ contract to German firm: Senate panel accuses World Bank official and power secretary of ‘conniving’ with NTDC

ISLAMABAD: The Senate Standing Committee on Power on Thursday accused Country Director World Bank, Najy Benhassine,...

Updated 15 Sep, 2023 09:50am

Backward areas of Balochistan: World Bank official briefs PM

ISLAMABAD: World Bank Country Director Najy Benhassine, on Monday, met with the Caretaker Prime Minister, Anwaarul...

Updated 12 Sep, 2023 08:51am

Business & Finance

World Bank official, Shamshad discuss economic situation

Dr Akhtar appreciates institution's role as one of the major development partners of Pakistan

Updated 06 Sep, 2023 10:21am

Business & Finance

Country receives $4.4bn from WB, ADB in FY2022-23

ISLAMABAD: Pakistan received $ 4.4 billion from the World Bank and Asian Development Bank (ADB) in the fiscal year...

Published 28 Jul, 2023 03:02am

‘Green channel’ facility: FBR increases clearance of imports and exports to 66pc

ISLAMABAD: In a major trade facilitation step, the Federal Board of Revenue (FBR) has increased the clearance of...

Updated 21 Jul, 2023 09:29am

Business & Finance

WB board approves $100m for Punjab family planning programme

ISLAMABAD: The World Bank’s Board of Executive Directors has approved $100 million for the Punjab Family Planning...

Published 14 Jul, 2023 06:22am

Pakistan

World Bank approves $46mn financing for KPK’s healthcare sector

Funding will support both supply and demand side interventions to improve health service delivery in the province

Updated 07 Jul, 2023 08:34pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 21	278.88
USD PKR Interbank Buying / Jan 21	278.78
USD to Japanese Yen / Jan 21	155.54
USD to Swiss Franc / Jan 21	0.91
Pound Sterling to USD / Jan 21	1.23
Euro to USD / Jan 21	1.04

Stock	Volume
S&P 500 / Jan 17	5,996.66
Nasdaq / Jan 17	19,630.20
Dow Jones / Jan 17	43,487.83
FTSE 100 / Jan 20	8,520.54
Germany DAX 30 / Jan 20	20,990.31
France CAC40 / Jan 20	7,733.50
India Sensex / Jan 21	76,270.33
Tokyo Nikkei / Jan 21	39,027.98

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 20	18,785
Gold 10 Grams PKR / Jan 20	242,541
Petrol/Litre / Jan 21	256.13
Crude Oil USD/Barrel / Jan 21	77.24
Gold Spot USD/Ounce / Jan 21	2,724.49
Diesel/Litre / Jan 21	260.95

Gainers
Losers
Leaders

Stock	Price
Orient Rental / Jan 21 Orient Rental Mod(ORM)	8.99 ▲ 0.99 (12.38%)
F.Credit & Inv / Jan 21 First Credit and Investment Bank Limited(FCIBL)	8.34 ▲ 0.88 (11.80%)
Burj Clean Energy Modaraba / Jan 21 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.60 ▲ 1.00 (11.63%)
Bank Makramah / Jan 21 Bank Makramah Limited(BML)	3.75 ▲ 0.35 (10.29%)
Globe Residency / Jan 21 Globe Residency REIT(GRR)	17.36 ▲ 1.58 (10.01%)
Leather Up Ltd. / Jan 21 Leather Up Limited(LEUL)	25.06 ▲ 2.28 (10.01%)
Olympia Mills / Jan 21 Olympia Mills Limited(OML)	35.65 ▲ 3.24 (10.00%)
Pak Engineering / Jan 21 Pakistan Engineering Company Limited(PECO)	671.22 ▲ 61.02 (10.00%)
Shahtaj Sugar / Jan 21 Shahtaj Sugar Mills Limited(SHJS)	108.90 ▲ 9.90 (10.00%)

Stock	Price
Sanghar Sugar / Jan 21 Sanghar Sugar Mills Limited(SANSM)	22.51 ▼ -2.48 (-9.92%)
D.M. Textile / Jan 21 D.M. Textile Mills Limited(DMTX)	64.32 ▼ -6.22 (-8.82%)
Kohat Textile / Jan 21 Kohat Textile Mills Limited(KOHTM)	32.32 ▼ -2.58 (-7.39%)
Punjab Oil / Jan 21 Punjab Oil Mills Limited(POML)	147 ▼ -11.02 (-6.97%)
Parmount Sp. / Jan 21 Paramount Spinning Mills Limited(PASM)	4.30 ▼ -0.31 (-6.72%)
Suhail Jute / Jan 21 Suhail Jute Mills Limited(SUHJ)	106 ▼ -7.47 (-6.58%)
Saritow Spinning / Jan 21 Saritow Spinning Mills Limited(SSML)	9.30 ▼ -0.63 (-6.34%)
S.G.Power / Jan 21 S.G. Power Limited(SGPL)	9.20 ▼ -0.61 (-6.22%)
GOC (Pak) / Jan 21 GOC (Pak) Limited.(GOC)	64.99 ▼ -4.10 (-5.93%)

Stock	Volume
Lotte Chemical / Jan 21 Lotte Chemical Pakistan Limited(LOTCHEM)	59,473,543 ▼ -0.05
Bank Makramah / Jan 21 Bank Makramah Limited(BML)	57,800,421 ▲ 0.35
WorldCall Telecom / Jan 21 Worldcall Telecom Limited(WTL)	56,891,848 ▼ -0.03
Fauji Cement / Jan 21 Fauji Cement Company Limited(FCCL)	40,187,217 ▲ 1.63
Cnergyico PK / Jan 21 Cnergyico PK Limited(CNERGY)	31,412,089 ▲ 0.26
Hascol Petrol / Jan 21 Hascol Petroleum Limited(HASCOL)	24,273,766 ▼ -0.11
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	22,896,108 ▼ -1.22
Hub Power Co. / Jan 21 The Hub Power Company Limited(HUBC)	21,405,956 ▼ -2.54
Citi Pharma Ltd / Jan 21 Citi Pharma Ltd.(CPHL)	19,827,701 ▲ 2.70

Markets →

Budget 2024-25: income tax calculator for FY25

Najy Benhassine

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