Trends - World Bank - Business Recorder

World Bank

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

Brace! Risks stack up for the global economy in 2025

No sooner had the global economy started to put the aftermath of the COVID-19 pandemic behind it than a whole new...

Published 23 Dec, 2024 11:34am

Opinion

Power sector: role of WB, ADB, IMF

Once again the World Bank (WB) is reported to be currently working with the government to invite private sector...

Updated 21 Dec, 2024 07:32am

Opinion

Pakistan in global rankings

As the curtain falls on 2024, it is time to take stock of how the world rated Pakistan in its surveys and indices...

Published 20 Dec, 2024 02:43am

2022 Sindh floods: WB Board likely to approve $450m housing project today

ISLAMABAD: The World Bank’s Board of Executive Directors is likely to approve “Sindh Flood Emergency Housing...

Updated 20 Dec, 2024 08:58am

Business & Finance

World Bank-supported project launched to strengthen livestock, fisheries dept

KARACHI: A Sindh Livestock and Aquaculture Development Project (SLADP) has been launched with the support of the...

Published 18 Dec, 2024 06:37am

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

$300m NHSP: Implementation progress moderately satisfactory: World Bank

Objective of the National Health Support Program to strengthen equitable delivery and quality of essential health services at the primary health care level in support of universal health coverage

Updated 16 Dec, 2024 02:38pm

Business & Finance

Ministry refutes report World Bank cancelled Pakistan loan

The Ministry of Economic Affairs has refuted a report claiming that the World Bank (WB) cancelled an over $500...

Updated 14 Dec, 2024 09:31pm

Pakistan

World Bank approves $240m for Karachi’s water & sanitation project

KARACHI: The World Bank has approved $240 million to improve water and sewerage services in Karachi through the...

Published 14 Dec, 2024 07:34am

MoEA concerned about slow work at DHP

ISLAMABAD: The Ministry of Economic Affairs has expressed its serious concern on the slow implementation of 4,320MW...

Updated 14 Dec, 2024 12:08pm

Pakistan

World Bank approves $240mn for WASH services in Karachi

Financing to support investments in water, sanitation services

Updated 13 Dec, 2024 10:56pm

Opinion

Pakistan’s economic outlook 2025: inflation, growth, & debt

Among macroeconomic indicators, primarily inflation has come down drastically over recent months, whereby consumer...

Updated 13 Dec, 2024 03:41pm

Discos’ sell-off: Power Division fails to satisfy Senate panel

ISLAMABAD: Power Division on Thursday failed to satisfy the Senate Standing Committee on Power about privatisation...

Updated 13 Dec, 2024 02:26pm

$425m national transmission modernisation project: World Bank rates implementation as ‘moderately satisfactory’

ISLAMABAD: The World Bank has rated the implementation of “National Transmission Modernization Project” of $425...

Updated 13 Dec, 2024 09:14am

Business & Finance

World Bank likely to approve $240m KWSSIP-2 tomorrow

ISLAMABAD: The World Bank’s Board of Executive Directors is likely to approve “Second Karachi Water and Sewerage...

Updated 11 Dec, 2024 09:13am

World

US Treasury disburses $20 billion in Ukraine loan funds to World Bank facility

WASHINGTON: The U.S. Treasury on Tuesday said it disbursed the $20 billion U.S. portion of a $50 billion G7 loan to...

Published 10 Dec, 2024 11:23pm

Business & Finance

World Bank cuts Kenya’s 2024 growth estimate to 4.7% on fiscal challenges

NAIROBI: The World Bank downgraded Kenya’s economic growth estimate for this year to 4.7% on Tuesday, from an...

Published 10 Dec, 2024 10:01am

‘Project behind scheduled’: World Bank seeks clarity on $195m EDEIP

ISLAMABAD: The World Bank has raised questions on the implementation of Electricity Distribution Efficiency...

Updated 10 Dec, 2024 09:19am

Opinion

Electricity tariffs: full cost recovery model no longer sustainable

In the energy sector, nothing seems to be working to increase consumption on the grid. The concept of full cost...

Updated 09 Dec, 2024 08:13am

Project set for closure in FY25: World Bank disburses 80pc of $400m PRR loan

ISLAMABAD: The World Bank-funded Pakistan Raises Revenue (PRR) loan, amounts to $400 million, out of which 80...

Updated 07 Dec, 2024 09:15am

Business & Finance

World Bank wins pledges for $100bn replenishment of fund for poorest countries

WASHINGTON: Donor countries have pledged a record $100 billion three-year replenishment of the World Bank’s fund for...

Published 06 Dec, 2024 10:48am

World Bank estimates total external debt stocks at $130.847bn by end 2023

ISLAMABAD: The World Bank (WB) has estimated Pakistan’s total external debt stocks at $130.847 billion by end 2023...

Updated 04 Dec, 2024 01:18pm

Economic reform agenda: Govt has no room for complacency, says Aurangzeb

Finance minister briefs the National Assembly Standing Committee on Finance on the government’s commitments to IMF

Updated 03 Dec, 2024 09:25am

NTDC: World Bank says concerned at implementation of project works without valid contract

ISLAMABAD: The World Bank (WB) has expressed serious concerns to the government on National Transmission and...

Updated 03 Dec, 2024 09:18am

World Bank rates IFRAP implementation as ‘moderately unsatisfactory’

ISLAMABAD: The World Bank (WB) has rated the overall implementation progress of the “Integrated Flood Resilience and...

Updated 02 Dec, 2024 03:00pm

Pakistan

Poverty alleviation: Role of accurate data, robust planning underscored

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal addressed the Poverty...

Published 30 Nov, 2024 06:26am

Pakistan

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

World

Britain pledges $2.5 billion to World Bank fund for poor nations

LONDON: Britain on Thursday pledged to invest 1.98 billion pounds ($2.5 billion) over three years into the World...

Published 28 Nov, 2024 08:37pm

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 23	278.69
USD PKR Interbank Buying / Dec 23	278.43
USD to Japanese Yen / Dec 23	156.63
USD to Swiss Franc / Dec 23	0.90
Pound Sterling to USD / Dec 23	1.26
Euro to USD / Dec 23	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
Nasdaq / Dec 20	19,572.60
Dow Jones / Dec 20	42,840.26
India Sensex / Dec 23	78,595.51
Tokyo Nikkei / Dec 23	39,161.34
Hang Seng / Dec 23	19,857.04
FTSE 100 / Dec 23	8,068.16
Germany DAX 30 / Dec 23	19,830.32

Item	Value
Gold 10 Grams PKR / Dec 20	234,311
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Crude Oil USD/Barrel / Dec 23	69.79
Gold Spot USD/Ounce / Dec 23	2,632.38
Cotton US¢/pound / Dec 23	68.96
Petrol/Litre / Dec 24	252.10

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Dec 23 First Capital Equities Limited(FCEL)	6.15 ▲ 1.00 (19.42%)
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	6.83 ▲ 0.92 (15.57%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Chenab Ltd (Pref) / Dec 23 Chenab Limited (Pref)(CLCPS)	3.75 ▲ 0.36 (10.62%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.72 ▲ 0.45 (10.54%)
Trust Sec.& Brok. / Dec 23 Trust Securities & Brokerage Limited(TSBL)	10.55 ▲ 1.00 (10.47%)
Dawood Equities / Dec 23 Dawood Equities Limited(DEL)	10.63 ▲ 1.00 (10.38%)
HBL Invest Fund / Dec 23 HBL Investment Fund(HIFA)	4.15 ▲ 0.39 (10.37%)

Stock	Price
Sindh Abadgar / Dec 23 Sindh Abadgar's Sugar Mills Limited(SASML)	36.60 ▼ -4.07 (-10.01%)
Blue-Ex Ltd / Dec 23 Blue-Ex Limited (GEM)(GEMBLUEX)	40.87 ▼ -4.54 (-10.00%)
J.A.Textile / Dec 23 J.A. Textile Mills Limited(JATM)	37.72 ▼ -4.19 (-10.00%)
Asia Ins. / Dec 23 Asia Insurance Company Limited(ASIC)	13.96 ▼ -1.55 (-9.99%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
First Tri-Star Mod. / Dec 23 First Tri-Star Modaraba(FTSM)	14.01 ▼ -1.33 (-8.67%)
Dadabhoy Cement / Dec 23 Dadabhoy Cement Industries Limited(DBCI)	6 ▼ -0.54 (-8.26%)
Oilboy Energy / Dec 23 Oilboy Energy Limited(OBOY)	10.46 ▼ -0.93 (-8.17%)
Burj Clean Energy Modaraba / Dec 23 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.45 ▼ -0.65 (-7.14%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.14
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	66,327,753 ▲ 0.92
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.19
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.37
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▲ 0.76
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	38,585,180 ▲ 1.96
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	35,015,764 ▲ 1.32
P.T.C.L. / Dec 23 Pakistan Telecommunication Company Ltd(PTC)	33,026,526 ▲ 2.58
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.26

Markets →

Budget 2024-25: income tax calculator for FY25

World Bank

Most Popular