News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Abu Dhabi Fund suspends debt service repayments for Pakistan

"The sole objective behind the decision is to help them weather the economic fallout of the COVID-19 pandemic," ADFD.

Published 13 Jul, 2020 10:49am

Pakistan

CAA to take action, if found smoking in cockpit, cabin

The CAA has asked all operators to ensure a culture of non-smoking in the cockpit.

Published 11 Jul, 2020 02:47pm

Technology

Pakistan will turn into 'Technological Superpower' in 10 years, says Fawad

“In the next phase, Health City is being set up on 200 acres of land in Faisalabad and Science and Technology Special Economic Zones will be built in Lahore, Karachi, and Islamabad," says Fawad.

Published 11 Jul, 2020 02:01pm

Pakistan

Sindh sanctions Adhoc Relief Allowance-2020 for govt employees

As per the memo, the allowance will be subject to income tax, and will not be admissible to the employees during the tenure of their posting/ deputation abroad.

Published 11 Jul, 2020 01:21pm

Pakistan

Cattle markets to be set up on outskirts of the cities: NCOC

The NCOC was informed that the World Health Organization (WHO) has acknowledged Pakistan’s efforts to contain COVID-19 and termed Pakistani data accurate.

Published 11 Jul, 2020 12:10pm

Pakistan

Making history, Pakistan born Asifa to lead biology, medicine at Max Planck Society

Born in 1971 in Karachi Pakistan, Asifa is the first international female Vice President in the Biology and Medicine Section.
Asifa would now be in charge of the Institutes of medicine section and will also be the contact person for the Max Planck Schools.

Updated 11 Jul, 2020 04:46pm

Markets

PSX updates trading hours

For Friday trading will take place in two sessions i.e. the first session will begin from 9:15 am to 12 pm, whereas, the second session would resume after Friday prayers at 2:30pm and would continue till 4:30pm.

Published 10 Jul, 2020 04:34pm

Business & Finance

Major shopping malls chain in Karachi waive off rentals, as economic slowdown continues

“We can understand economic challenges that are being faced by the organizations due to COVID-19,” said the management.

Published 10 Jul, 2020 02:33pm

Business & Finance

Govt to give loans for establishing Utility Stores franchise under Kamyab Jawan Program

Loans will be given for the establishment of Utility Stores franchises ensuring that loans are secured.

Published 10 Jul, 2020 12:18pm

Business & Finance

Pakistan economy to gradually ‘recover’ in 2021: IMF

Pakistan’s near-term economic outlook has worsened notably, and growth is estimated at –0.4 percent in FY 2020.

Published 10 Jul, 2020 11:29am

Pakistan

Power outage continues in Karachi

According to experts, the poor transmission system of KE and the reduction in production is the main reason for the power outage.

Published 10 Jul, 2020 11:08am

Business & Finance

NEPRA to hold public hearing against KE tomorrow

Since last month, K Electric has started a series of unannounced and unannounced load-shedding under the pretext of furnace oil and gas supply, which has left the citizens helpless amid soaring temperatures.

Published 09 Jul, 2020 04:39pm

Business & Finance

This Pakistani company will make sportswear for the German football team

It was learned that the Pakistani company who has booked the order from the German luxury brand would be making t-shirts for the German national football team.

Published 09 Jul, 2020 03:25pm

Business & Finance

Omar Ayub blames KE for not improving system, as govt to provide additional power

The minister told the House, that they are providing an additional 100 megawatts of electricity to the KE, which is more than the contract agreement signed with it.
The government will provide more gas to the KE, which will result in generating 200MW of electricity.

Updated 09 Jul, 2020 03:40pm

Business & Finance

US IDFC keen to finance projects in Pakistan

Boehler stated that funds are available through both debt and equity to finance projects in the private sector in several fields and also for infrastructure projects in the Public-Private Partnership (PPP) mode.

Published 09 Jul, 2020 01:34pm

Business & Finance

Indonesia’s Lion Air eager to commence operations in Pakistan

Amri said Lion Air of Indonesia wanted to start flights from Pakistan, and negotiations with the aviation officials were already underway.

Published 09 Jul, 2020 12:03pm

Business & Finance

Power outage cripples Punjab

Contrary to the claims of Lahore Electric Supply Company (LESCO) officials in the suburbs of Lahore, unannounced load shedding is increasing instead of decreasing.

Published 09 Jul, 2020 11:26am

Business & Finance

TMB reports Rs18bn in revenue FY2019

A two-fold increase in Year-Over-Year wallet accounts was witnessed with more than 3 million increase in monthly active users as compared to 2018.
Easypaisa App users increased by about 300% to over 2 million representing the highest number of users of any financial app in Pakistan.

Published 09 Jul, 2020 10:51am

Business & Finance

SBP slashes markup to boost long term investment

The SBP has announced to reduces markup rate on investment under SBP’s Temporary Economic Refinance Facility (TERF) to 5 percent from the previous 7pc.

Published 08 Jul, 2020 04:14pm

Technology

Pakistan manufacturing agricultural drones to combat locusts attack

“Pakistan's drone technology is among the most modern in the world,” said Federal Minister for Science and Technology, Chaudhry Fawad Hussain in a tweet post, while sharing video footage of the drone.

Published 08 Jul, 2020 03:41pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 28	277.93
USD PKR Interbank Buying / Nov 28	278.13
USD to Japanese Yen / Nov 28	151.53
USD to Swiss Franc / Nov 28	0.88
Pound Sterling to USD / Nov 28	1.27
Euro to USD / Nov 28	1.05

Stock	Volume
S&P 500 / Nov 27	5,998.74
Nasdaq / Nov 27	19,060.48
Dow Jones / Nov 27	44,722.06
India Sensex / Nov 28	79,455.91
Tokyo Nikkei / Nov 28	38,303.45
Hang Seng / Nov 28	19,368.83
FTSE 100 / Nov 28	8,289.96
Germany DAX 30 / Nov 28	19,381.32

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 27	17,685
Gold 10 Grams PKR / Nov 27	236,540
Petrol/Litre / Nov 28	248.38
Crude Oil USD/Barrel / Nov 28	68.72
Gold Spot USD/Ounce / Nov 28	2,635.70
Diesel/Litre / Nov 28	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 28 786 Investments Limited(786)	6.54 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 28 Al-Abbas Sugar Mills Limited(AABS)	615 ▼ 0.00 (0.00%)
Agro Allianz / Nov 28 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 28 Ali Asghar Textile Mills Limited(AATM)	69.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 28 Allied Bank Limited(ABL)	132.35 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 28 Abbott Laboratories (Pakistan) Limited(ABOT)	992.51 ▼ 0.00 (0.00%)
Abson Ind. / Nov 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 28 Alfalah Consumer Index ETF.(ACIETF)	12.20 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 28 786 Investments Limited(786)	6.54 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 28 Al-Abbas Sugar Mills Limited(AABS)	615 ▲ 0.00 (0.00%)
Agro Allianz / Nov 28 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 28 Ali Asghar Textile Mills Limited(AATM)	69.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 28 Allied Bank Limited(ABL)	132.35 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 28 Abbott Laboratories (Pakistan) Limited(ABOT)	992.51 ▲ 0.00 (0.00%)
Abson Ind. / Nov 28 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 28 Alfalah Consumer Index ETF.(ACIETF)	12.20 ▲ 0.00 (0.00%)

Stock	Volume
B.O.Punjab / Nov 28 The Bank of Punjab(BOP)	114,966,225 ▲ 0.00
Hascol Petrol / Nov 28 Hascol Petroleum Limited(HASCOL)	106,286,630 ▲ 0.00
K-Electric Ltd. / Nov 28 K-Electric Limited(KEL)	91,200,956 ▲ 0.00
Fauji Foods Ltd / Nov 28 Fauji Foods Limited(FFL)	54,248,949 ▲ 0.00
Bank Makramah / Nov 28 Bank Makramah Limited(BML)	37,218,539 ▲ 0.00
Pace (Pak) Ltd. / Nov 28 Pace (Pakistan) Limited(PACE)	35,016,136 ▲ 0.00
Sui South Gas / Nov 28 Sui Southern Gas Company Limited(SSGC)	30,887,483 ▲ 0.00
Cnergyico PK / Nov 28 Cnergyico PK Limited(CNERGY)	29,932,157 ▲ 0.00
WorldCall Telecom / Nov 28 Worldcall Telecom Limited(WTL)	26,219,598 ▲ 0.00

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