News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

2Q2021: Despite drop in net interest income, Pakistan's banking sector posts Rs70bn profit

Despite the drop in Net Interest Income (NII), Pakistan's banking sector posted profits of Rs70 billion in the ...

Published 30 Aug, 2021 01:37pm

Business & Finance

Despite pandemic, global demand for Pakistan textile to remain strong

Analysts say PKR depreciation also likely to be positive for sector

Updated 28 Aug, 2021 09:37pm

Business & Finance

'Pakistan Prosperity Index' reaches all-time high: think tank

PRIME says there is still a need to curb inflationary pressures

Published 28 Aug, 2021 01:08pm

Business & Finance

Pakistani rupee posts further gain against US dollar

Appreciates 0.11% on Friday

Published 27 Aug, 2021 04:38pm

Business & Finance

Pakistan’s local mobile phone production surpasses imports: PTA

During Jan-July 2021, the production of mobile phones by local manufacturing plants stood at 12.27 million against imported mobile phones at 8.29 million

Published 26 Aug, 2021 03:53pm

Business & Finance

Rupee's fall continues, drops to 11-month low against US dollar

Closes at 166.28 against the dollar in the inter-bank market after a decrease of another Rs1.08 or 0.65%

Published 25 Aug, 2021 05:22pm

Business & Finance

PKR continues to lose ground against USD, closes at Rs165.2 in inter-bank market

Pakistan's currency falls to a 10-month low

Published 24 Aug, 2021 04:55pm

Business & Finance

Karachi-based Bazaar Technologies raises $30mn in Series A round

In yet another development for Pakistan's startup ecosystem, Karachi-based Bazaar Technologies, a...

Updated 24 Aug, 2021 12:50pm

Business & Finance

Pakistan, Turkey partner to produce military drones

Turkish Aerospace Industries signs contract with Pakistan's NESCOM

Published 23 Aug, 2021 02:57pm

Business & Finance

Pakistan’s Real Effective Exchange Rate declines to 99.4 in July

Pakistan’s export competitiveness improved after the country’s Real Effective Exchange Rate (REER) decreased by...

Published 21 Aug, 2021 11:58am

Business & Finance

Pakistan to become more self-reliant in handset production: Fitch

Says entry of global smartphone manufacturers augers well for an import-dependent sector

Published 20 Aug, 2021 10:21am

Business & Finance

Roshan Digital Account inflows cross $2bn in less than 12 months

SBP shares milestone in Twitter post

Updated 16 Aug, 2021 02:32pm

Pakistan

Pakistan compliant in 35 out of 40 recommendations in APG action plan

Is now rated 'compliant' or 'largely compliant' in an additional 4 points
APG says country will continue to report back on progress

Published 14 Aug, 2021 03:59pm

Business & Finance

IPO: Octopus Digital's book building to be held on September 9, 10

The book-building process of Octopus Digital Limited, a 100% wholly-owned subsidiary of Avanceon Limited, will be...

Published 13 Aug, 2021 04:01pm

Business & Finance

China's vivo sets up smartphone production unit in Pakistan

Chinese smartphone manufacturer vivo has set up its first production unit in Pakistan, said Advisor to Prime ...

Published 12 Aug, 2021 12:18pm

Markets

Air Link looks to tap Pakistan's 'gold mine' as it gears up for IPO

Its planned Initial Public Offering this month will be country's biggest from the private sector

Published 11 Aug, 2021 01:01pm

Business & Finance

PTA issues MDM approval to Lucky Motor Corp for Samsung phones

The Pakistan Telecommunication Authority (PTA) has issued Mobile Device Manufacturing (MDM) authorisation to Lucky...

Published 11 Aug, 2021 11:25am

Business & Finance

Workers' remittances amount to $2.71 billion in July, down 2.1% YoY

Overseas workers' remittances amounted to $2.71 billion in July 2021, a 2.1% fall year-on-year, with the country's...

Updated 10 Aug, 2021 08:01pm

Business & Finance

KE enters into gas supply agreement with PLL for supply of 150 mmcft LNG

Energy minister shares development on Twitter

Published 10 Aug, 2021 02:14pm

Business & Finance

Avanceon's Octopus Digital set for IPO after PSX, SECP approves listing application

Maintaining its momentum of initial public offerings (IPO), Pakistan is set to see the listing of Octopus Digital...

Published 06 Aug, 2021 03:47pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 29	278.93
USD PKR Interbank Buying / Jan 29	278.73
USD to Japanese Yen / Jan 30	154.56
USD to Swiss Franc / Jan 30	0.91
Pound Sterling to USD / Jan 30	1.24
Euro to USD / Jan 30	1.04

Stock	Volume
S&P 500 / Jan 29	6,039.31
Nasdaq / Jan 29	19,632.32
Hang Seng / Jan 29	20,225.11
FTSE 100 / Jan 29	8,557.81
Dow Jones / Jan 29	44,713.52
Germany DAX 30 / Jan 29	21,637.53
France CAC40 / Jan 29	7,872.48
India Sensex / Jan 30	76,776.38

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 29	18,285
Gold 10 Grams PKR / Jan 29	247,513
Petrol/Litre / Jan 30	256.13
Crude Oil USD/Barrel / Jan 30	72.66
Gold Spot USD/Ounce / Jan 30	2,759.76
Diesel/Litre / Jan 30	260.95

Gainers
Losers
Leaders

Stock	Price
Chenab Ltd / Jan 30 Chenab Limited(CHBL)	9.08 ▲ 1 (12.38%)
Redco Textile / Jan 30 Redco Textiles Limited(REDCO)	21.97 ▲ 2 (10.02%)
MithchellsFruit / Jan 30 Mitchells Fruit Farms Limited(MFFL)	274.36 ▲ 24.94 (10%)
Loads Limited / Jan 30 Loads Limited(LOADS)	18.92 ▲ 1.72 (10%)
Leather Up Ltd. / Jan 30 Leather Up Limited(LEUL)	48.85 ▲ 4.44 (10%)
Supernet Ltd. / Jan 30 Supernet Limited (GEM)(GEMSPNL)	21.78 ▲ 1.98 (10%)
J.K.Spinning / Jan 30 J.K. Spinning Mills Limited(JKSM)	63.80 ▲ 5.8 (10%)
Sanghar Sugar / Jan 30 Sanghar Sugar Mills Limited(SANSM)	33.76 ▲ 3.07 (10%)
Saritow Spinning / Jan 30 Saritow Spinning Mills Limited(SSML)	16.29 ▲ 1.48 (9.99%)

Stock	Price
National Silk / Jan 30 The National Silk & Rayon Mills Limited(NSRM)	45.35 ▼ -5.04 (-10%)
Premier Sugar / Jan 30 The Premier Sugar Mills(PMRS)	359.58 ▼ -39.95 (-10%)
Pak Gen.Ins. / Jan 30 The Pakistan General Insurance Co. Ltd.(PKGI)	7.65 ▼ -0.84 (-9.89%)
Bela Auto / Jan 30 Bela Automotives Limited(BELA)	153.01 ▼ -16.59 (-9.78%)
Trust Sec.& Brok. / Jan 30 Trust Securities & Brokerage Limited(TSBL)	13.52 ▼ -1.22 (-8.28%)
First Fid. Leasing / Jan 30 First Fidelity Leasing Modaraba(FFLM)	2.11 ▼ -0.19 (-8.26%)
Tandlianwala Sugar / Jan 30 Tandlianwala Sugar Mills Limited(TSML)	66 ▼ -4.99 (-7.03%)
Khairpur Sug. / Jan 30 Khairpur Sugar Mills Limited(KPUS)	121.13 ▼ -8.86 (-6.82%)
Shahmurad Sugar / Jan 30 Shahmurad Sugar Mills Limited(SHSML)	374 ▼ -24.7 (-6.2%)

Stock	Volume
Cnergyico PK / Jan 30 Cnergyico PK Limited(CNERGY)	31,197,761 ▲ 0.05
K-Electric Ltd. / Jan 30 K-Electric Limited(KEL)	29,670,310 ▼ -0.03
Citi Pharma Ltd / Jan 30 Citi Pharma Ltd.(CPHL)	25,413,292 ▲ 1.04
Dewan Motors / Jan 30 Dewan Farooque Motors Limited(DFML)	24,726,221 ▼ -1.95
WorldCall Telecom / Jan 30 Worldcall Telecom Limited(WTL)	20,794,723 ▼ -0.01
Sui South Gas / Jan 30 Sui Southern Gas Company Limited(SSGC)	15,998,837 ▲ 0.19
Bank Makramah / Jan 30 Bank Makramah Limited(BML)	15,626,354 ▲ 0.34
Fauji Cement / Jan 30 Fauji Cement Company Limited(FCCL)	13,308,955 ▼ -0.15
Fauji Foods Ltd / Jan 30 Fauji Foods Limited(FFL)	12,818,739 ▲ 0.06

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