Trends - poor countries - Business Recorder

poor countries

Poorest countries: Biden pledges record $4bn to World Bank fund

WASHINGTON: US President Joe Biden pledged a $4 billion US contribution to the World Bank’s International...

Published 19 Nov, 2024 06:35am

World

Poorer countries: Lenders set $120bn climate finance goal

BAKU: The world’s top multilateral banks pledged to ramp up climate finance to low and middle income countries to...

Published 13 Nov, 2024 06:33am

World

UN report says 1.1bn people in acute poverty

UNITED NATIONS: More than one billion people are living in acute poverty across the globe, a UN Development Program...

Published 18 Oct, 2024 06:10am

Russia exits deal for export of Ukrainian grain

KYIV: Russia halted participation on Monday in the year-old UN-brokered deal that lets Ukraine export grain through...

Updated 18 Jul, 2023 09:05am

World

China's debt relief to poor countries slows amid continuing appeals for support

BEIJING: The value of Chinese debt relief decreased by over 50% between 2021 and 2022, a report from Rhodium Group...

Updated 30 Jun, 2023 09:59am

World

World Bank unveils debt payment pause for disaster-hit countries

PARIS: The World Bank chief announced a raft of measures on Thursday to aid countries hit by natural disasters,...

Published 22 Jun, 2023 07:25pm

World

IMF has hit $100bn target of SDRs for vulnerable countries: Georgieva

PARIS: The International Monetary Fund has reached its target of making $100 billion in special drawing rights...

Published 22 Jun, 2023 06:58pm

Business & Finance

IMF, others should give $100bn climate FX guarantee

LONDON: A top-level meeting in Paris next month will lay out a $100 billion plan to drive more money into climate ...

Published 27 May, 2023 06:09am

World

World’s poor paying more for less food: UN

PARIS: Poor countries are expected to suffer the most from worldwide food crises exacerbated by the war in Ukraine ...

Published 10 Jun, 2022 06:16am

World

Poor countries face food, energy, finance crises due to Ukraine war, UN chief says

UNITED NATIONS: Poor countries face economic ruin from simultaneous crises of food, energy and finance due to supply...

Published 13 Apr, 2022 09:42pm

Business & Finance

World Bank economist warns of dangers of ignoring growing debt

WASHINGTON: Delays in dealing with the growing debt burden in poor countries seems unlikely to be resolved by the...

Published 15 Feb, 2022 06:12pm

World

World Bank's Malpass says G20 must speed up work on debt of poor countries

ROME: World Bank President David Malpass on Saturday called on leaders of the Group of 20 rich nations to speed up...

Published 30 Oct, 2021 10:01pm

World

World Bank seeks $100bn in donations to address 'tragic reversals' in development

WASHINGTON: The World Bank hopes to raise $100 billion in donations for the International Development Association...

Published 11 Oct, 2021 07:33pm

World

Poor countries' debt rose 12% to record $860bn in 2020: World Bank

WASHINGTON: The debt burden of the world's low-income countries rose 12% to a record $860 billion in 2020 as...

Published 11 Oct, 2021 06:40pm

World

IMF approves fourth round of debt relief for poor countries

This debt service relief helps free up scarce financial resources for vital health, social and economic support to mitigate the impact of the COVID-19 pandemic, says IMF

Published 08 Oct, 2021 09:02pm

Business & Finance

Massive imports to add to country's economic woes: PBIF

KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum ...

Published 25 Sep, 2021 04:59am

Opinion

It is the rich countries, stupid!

The sword of Financial Action Task Force (FATF) is continuing to hang over the head of Pakistan, not because...

Published 07 Jul, 2021 04:28am

World

WHO's Tedros says vaccine shortage in poor countries a global failure

"It's not hesitancy. It's lack of vaccines. And the situation in many low-income countries, especially Africa, it's very worrisome," Tedros Adhanom Ghebreyesus said.

Published 26 Jun, 2021 12:18am

World

Debt could trap low-income nations in poverty

PARIS: A lasting divide risks emerging between rich and poor countries if the rising debt burden of low-income and...

Published 24 Jun, 2021 03:36am

Editorials

Vaccines: intellectual property rights

EDITORIAL: US President Joe Biden’s decision to support the call to waive intellectual property rights (IPRs) for...

Published 12 May, 2021 04:23am

Pakistan

Strategy needed to end digital divide among developing nations, Sheikh tells UNGA session

Mariam says it is essential to spread information in different languages to the people especially in the pandemic situation to save lives
Action should be taken against the misuse of UN processes by some NGOs and some other entities that spread fake news and misinformation: Press councilor

Published 27 Apr, 2021 11:33am

World

WHO hopes to start vaccination in poorer countries in Feb

He said the COVAX programme could begin vaccinating people in February, and there was an effort to speed it up so some vaccinations in poor countries could take place this month.

Published 12 Jan, 2021 12:03am

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 17	278.60
USD PKR Interbank Buying / Dec 17	278.60
USD to Japanese Yen / Dec 17	153.56
USD to Swiss Franc / Dec 17	0.89
Pound Sterling to USD / Dec 17	1.27
Euro to USD / Dec 17	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
India Sensex / Dec 17	80,684.45
Tokyo Nikkei / Dec 17	39,164.26
Nasdaq / Dec 17	20,109.06
Hang Seng / Dec 17	19,815.30
FTSE 100 / Dec 17	8,195.20
Dow Jones / Dec 17	43,449.90
Germany DAX 30 / Dec 17	20,246.37

Item	Value
Crude Oil USD/Barrel / Dec 17	70.11
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold 10 Grams PKR / Dec 17	241,860
Gold Spot USD/Ounce / Dec 17	2,644.07
Cotton US¢/pound / Dec 17	68.53
Petrol/Litre / Dec 18	252.10

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.69 ▲ 0.99 (17.37%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.50 ▲ 0.45 (11.11%)
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	7.83 ▲ 0.72 (10.13%)
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%)
Shaheen Ins. / Dec 18 Shaheen Insurance Company Limited(SHNI)	6.70 ▲ 0.61 (10.02%)
Nimir Resins / Dec 18 Nimir Resins Limited(NRSL)	35.16 ▲ 3.20 (10.01%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)
Diamond Ind. / Dec 18 Diamond Industries Limited(DIIL)	20.90 ▲ 1.90 (10.00%)

Stock	Price
Equity Modaraba / Dec 18 First Equity Modaraba(FEM)	3.01 ▼ -0.43 (-12.50%)
Dewan Textile / Dec 18 Dewan Textile Mills Limited(DWTM)	5.67 ▼ -0.77 (-11.96%)
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
Din Tex. / Dec 18 Din Textile Mills Limited(DINT)	45.90 ▼ -5.10 (-10.00%)
Hussain Industries / Dec 18 Husein Industries Limited(HUSI)	20.26 ▼ -2.25 (-10.00%)
J.K.Spinning / Dec 18 J.K. Spinning Mills Limited(JKSM)	58.50 ▼ -6.50 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Calcorp Ltd / Dec 18 Calcorp Limited(CASH)	26.22 ▼ -2.91 (-9.99%)
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.50 ▼ -7.26 (-9.84%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.09
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.38
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.23
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▲ 0.19
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▲ 0.05
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 2.25
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▲ 0.26
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▼ -1.54
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	31,365,092 ▼ -0.09

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