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World Bank Group

Fragile countries make $20 billion climate finance push at COP29, letter says

BAKU: A group of conflict-affected countries is pushing at COP29 to double financial aid to more than $20 billion a...

Published 15 Nov, 2024 04:44pm

Business & Finance

Aurangzeb speaks to investors

WASHINGTON: Minister for Finance and Revenue Muhammad Aurangzeb continued his engagements on the fourth day of his...

Updated 26 Oct, 2024 09:21am

Markets

World Bank projects Pakistan’s GDP growth at 2.8% in FY25

The World Bank expects economic activity in Pakistan to continue recovering with real GDP growth estimated at 2.8%...

Updated 10 Oct, 2024 09:55pm

World Bank places Pakistan in 4th quintile

With respect to operational efficiency, Pakistan with a score of 65.90 is placed in the third quintile i.e. these economies exhibit a mix of strengths and weaknesses in their business environment

Updated 05 Oct, 2024 12:52pm

Pakistan

PM Shehbaz engages World Bank, IMF leaders on Pakistan’s economic reforms

Expresses appreciation for IMF's technical assistance and capacity-building programs

Updated 27 Sep, 2024 11:33pm

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

World

World Bank boosts climate financing by 10 percent

WASHINGTON: The World Bank announced Thursday that it delivered a record $42.6 billion in climate change financing ...

Published 20 Sep, 2024 06:11am

Opinion

Fixing ‘The middle-income trap’ for all countries

Although quite late, and perhaps because of the urgency being created by the fast-unfolding climate change crisis,...

Published 13 Sep, 2024 06:58am

Pakistan

PBA conducts training session on trade-based money laundering

KARACHI: Delivering upon its commitment to further strengthen the financial sector against local and global trade...

Published 01 Dec, 2023 04:43am

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

Outsourcing of operations, land assets at three airports: TIP flags possible breach of PPP regulations

KARACHI: Transparency International Pakistan (TIP) has flagged a possible breach of Public Private Partnership (PPP)...

Updated 23 Apr, 2023 10:27am

Key secretaries, SBP governor in US to attend WBG-IMF meetings

ISLAMABAD: A high-level Pakistan delegation, comprising Secretary Economic Affairs Division Dr Kazim Niaz, Secretary...

Updated 14 Apr, 2023 08:43am

World Bank seeks more funds

WASHINGTON: The World Bank is seeking to vastly expand its lending capacity to address climate change and other...

Updated 04 Jan, 2023 09:44am

IFC proposes private participation in Discos’ management

Commission (PC) requests IFC support in achieving objectives by developing a competitive landscape for private sector participation in all Discos

Updated 21 Oct, 2022 09:46am

Opinion

Important issues for IMF, WB annual meetings 2022

‘When they gather in Washing-ton next week for the International Monetary Fund and World Bank Group annual...

Published 14 Oct, 2022 03:39am

Business & Finance

WB-IFC team visits Peshawar

PESHAWAR: A mission from World Bank Group and International Finance Corporation (IFC) visited Peshawar. The mission...

Published 20 Jun, 2022 05:51am

World

World Bank readies $350mn disbursement to Ukraine

WASHINGTON: The World Bank Group is readying a $350 million disbursement to Ukraine that the group's board will...

Published 19 Feb, 2022 11:50pm

Power sector ‘racket’ unearthed by World Bank

ISLAMABAD: The World Bank has unearthed a “racket” of 23 Pakistani companies which were awarded all contracts of...

Updated 07 Jul, 2021 08:20am

Pakistan

Pakistan to receive $153 million from World Bank for coronavirus vaccines

The funds will be issued under the Pandemic Response Effectiveness in Pakistan (PREP) project, originally approved in April 2020.
The project will strengthen the health system’s capacity to implement the vaccination campaign for its prioritized and eligible populations.

Published 14 May, 2021 05:18pm

Tarin praises WB for ‘swift’ assistance

ISLAMABAD: Najy Benhassine, Country Director of the World Bank Group made a courtesy call on the Federal Minister ...

Published 24 Apr, 2021 03:21am

Business & Finance

World Bank says to commit $2bn to vaccines

WASHINGTON: The World Bank Group will have committed $2 billion in financing by the end of April for COVID-19...

Updated 11 Apr, 2021 05:49pm

Pakistan

Pakistan seeks financial assistance to deal with Covid impact

ISLAMABAD: Pakistan, on Monday, urged the international community for providing additional financial assistance to...

Published 06 Apr, 2021 04:23am

World

Philippines marks daily record for COVID-19 cases, as vaccine hesitancy grows

Country reports over 39,000 new COVID-19 cases in past 5 days.
Six of 10 Filipinos unwilling to get vaccinated –poll.
World Bank downgrades Philippines' GDP growth forecast.

Published 26 Mar, 2021 07:34pm

Business & Finance

Malaysia investment slump shows need for structural reforms: World Bank

KUALA LUMPUR: Malaysia risks falling behind in the regional competition for foreign investments due to longstanding...

Published 18 Mar, 2021 03:56am

Business & Finance

World Bank & CDPR Unlock Pakistan’s Income Tax Potential in a New Webinar Series

The Pakistan Development Policy series 2021 is a set of policy discussions organized by CDPR and the World Bank to discuss key reform areas critical to Pakistan’s economic, social and development growth.

Updated 02 Mar, 2021 01:08pm

Pakistan

Pakistan’s uplift agenda: WB to submit next CPF to WBG bigwigs by FY21-end

ISLAMABAD: The World Bank will submit the next Country Partnership Framework (CPF) 2022-26 to the executive ...

Updated 02 Feb, 2021 09:50am

World

Lebanon enters strict lockdown to stem coronavirus uptick

The heightened restrictions, which include a 24-hour curfew until January 25, come after some hospitals started to run out of beds to treat Covid patients.

Published 14 Jan, 2021 01:38pm

Opinion

Economic recovery with high risks

‘This edition of Global Economic Prospects makes clear, policymakers face formidable challenges – in public...

Updated 08 Jan, 2021 03:29am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.14
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
Germany DAX 30 / Dec 23	19,848.77
S&P 500 / Dec 24	6,040.04
India Sensex / Dec 24	78,472.87
Tokyo Nikkei / Dec 24	38,986.40
Nasdaq / Dec 24	20,031.13
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,136.99
Dow Jones / Dec 24	43,297.03

Item	Value
Crude Oil USD/Barrel / Dec 24	70.10
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold 10 Grams PKR / Dec 24	240,487.70
Gold Spot USD/Ounce / Dec 24	2,616.87
Cotton US¢/pound / Dec 24	68.78
Petrol/Litre / Dec 25	252.10

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Dec 24 Security Investment Bank Limited(SIBL)	5.99 ▲ 1.00 (20.04%)
Next Capital / Dec 24 Next Capital Limited(NEXT)	8.90 ▲ 1.00 (12.66%)
Pak Agro Pack. (GEM) / Dec 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9 ▲ 1.00 (12.50%)
Ghani Chem. Ind. / Dec 24 Ghani Chemical Industries Limited(GCIL)	16.13 ▲ 1.47 (10.03%)
Pak Gulf Leasing / Dec 24 Pak-Gulf Leasing Company Limited(PGLC)	14.37 ▲ 1.31 (10.03%)
Popular Islamic / Dec 24 Popular Islamic Modaraba(PIM)	15.58 ▲ 1.42 (10.03%)
Mandviwala / Dec 24 Mandviwala Mauser Plastic Industries(MWMP)	16.59 ▲ 1.51 (10.01%)
Blessed Tex. / Dec 24 Blessed Textiles Limited(BTL)	301.77 ▲ 27.43 (10.00%)
Crescent Cotton / Dec 24 Crescent Cotton Mills Limited(CCM)	55 ▲ 5.00 (10.00%)

Stock	Price
S.G.Power / Dec 24 S.G. Power Limited(SGPL)	10.58 ▼ -1.18 (-10.03%)
Olympia Mills / Dec 24 Olympia Mills Limited(OML)	36 ▼ -4.00 (-10.00%)
J.A.Textile / Dec 24 J.A. Textile Mills Limited(JATM)	33.95 ▼ -3.77 (-9.99%)
Sanghar Sugar / Dec 24 Sanghar Sugar Mills Limited(SANSM)	26.16 ▼ -2.90 (-9.98%)
I.C.C. Ind. / Dec 24 ICC Industries Limited(ICCI)	9.85 ▼ -1.07 (-9.80%)
National Silk / Dec 24 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Gulshan Sp. / Dec 24 Gulshan Spinning Mills Limited(GSPM)	4.10 ▼ -0.40 (-8.89%)
Crescent Fib. / Dec 24 Crescent Fibres Limited(CFL)	40.16 ▼ -3.81 (-8.66%)
Reliance Ins. / Dec 24 Reliance Insurance Company Limited(RICL)	11.55 ▼ -1.05 (-8.33%)

Stock	Volume
WorldCall Telecom / Dec 24 Worldcall Telecom Limited(WTL)	126,573,463 ▲ 0.05
Fauji Foods Ltd / Dec 24 Fauji Foods Limited(FFL)	66,984,381 ▲ 0.49
Cnergyico PK / Dec 24 Cnergyico PK Limited(CNERGY)	66,471,663 ▼ -0.27
Pak Elektron / Dec 24 Pak Elektron Limited(PAEL)	38,651,653 ▼ -1.53
K-Electric Ltd. / Dec 24 K-Electric Limited(KEL)	36,108,956 ▼ -0.18
Sui South Gas / Dec 24 Sui Southern Gas Company Limited(SSGC)	33,467,532 ▼ -0.50
P.T.C.L. / Dec 24 Pakistan Telecommunication Company Ltd(PTC)	33,030,118 ▼ -1.31
TRG Pak Ltd / Dec 24 TRG Pakistan Limited(TRG)	29,441,264 ▲ 3.35
Pace (Pak) Ltd. / Dec 24 Pace (Pakistan) Limited(PACE)	28,106,970 ▼ -0.18

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Budget 2024-25: income tax calculator for FY25

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