News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Current economic turnaround sustainable, says SBP’s Reza Baqir

Points towards current account balance as primary reason for Pakistan's ability to continue its growth momentum

Published 29 May, 2021 01:41pm

Business & Finance

Kamyab Jawan Program: Tarin directs banks to facilitate tier 1 borrowers

The Finance Minister directed that all the major banks and microfinance institutions come up with their suggestions on the design of the program within a week’s time and also earmark a percentage of their resources for the purpose.

Published 29 May, 2021 11:38am

Business & Finance

SECP approves framework for ‘Direct Listing’ at PSX

Company can get listed by selling existing shares to accredited investors, existing shareholders, and specific category of investors, without the mandatory appointment of intermediaries

Published 28 May, 2021 08:25pm

Business & Finance

SBP keeps interest rate unchanged at 7%

Announcement largely in line with market expectations * The MPC of the central bank was of the view that positive recovery momentum is expected to persist, translating into higher growth next year.

Published 28 May, 2021 06:10pm

Business & Finance

GDP growth forecast of 4.8pc approved for next fiscal: Umar

The minister was of the view that the approval reflects the strength of growth momentum in the economy while maintaining strong fundamentals.

Updated 28 May, 2021 08:38pm

Business & Finance

Volume record tumbles again at PSX

Over 2.2 billion shares change hands on Thursday, a day after the stock exchange registered its highest volume in a single session

Published 27 May, 2021 05:42pm

Business & Finance

Bestway Cement announces greenfield plant in Mianwali

Company reaches agreement with Chinese firm
Plant to have capacity of 7,200 tons

Published 27 May, 2021 11:51am

Business & Finance

PSX records highest daily volume in history

Over 1,563 million shares change hands on Wednesday.
KSE-100 Index also increases 511 points to near 47,000 level

Published 26 May, 2021 07:40pm

Business & Finance

Reko Diq case: BVI high court decision ‘big victory’ of Pakistan's stance, says govt

Addressing media persons on Wednesday, the minister said that the decision will also provide economic relief to the country.

Published 26 May, 2021 02:13pm

Business & Finance

Pakistan, WB discuss projects to uplift rural economy

In order to improve the rural economy, it was discussed to improve agriculture productivity through provision of improved seeds and efficient water management system.

Published 26 May, 2021 01:06pm

Business & Finance

Pakistan approves six month extension to APTTA

He said that the decision reflects Pakistan’s strong desire to enhance bilateral trade and transit which will particularly bring prosperity to the people living in bordering areas.

Published 26 May, 2021 11:55am

Business & Finance

Pakistan, Tajikistan agree to fast track bilateral agreements, MoUs

The Foreign Secretary emphasized the need to increase volume of bilateral trade and investments through trade diversification, increasing business-to-business contacts, resuming air links, and enhancing cooperation in the energy sector.

Published 26 May, 2021 11:04am

Business & Finance

Refuting reports, FBR says Rs 20mn allocated for Pakistan Single Window under PSDP

The tax collecting authority informed that with the required administrative approvals in place, the allocated amount is expected to be fully utilized before 30th June 2021.

Published 26 May, 2021 10:39am

Business & Finance

Govt to bring employment programs for youth: PM Khan

The Prime Minister said that 170,000 scholarships are being given for teaching skills, 50,000 scholarships will be given for high technologies.
He said that the government has set aside Rs 100 billion for giving loans to the youth.

Published 25 May, 2021 02:21pm

Business & Finance

Economic revival on 'sound footing' says SBP, as CAB post $200mn deficit

The central bank added that through the first 10 months of the ongoing fiscal year, CAB remains in surplus of $800mn, which is “a significant turnaround from the $4.7bn deficit during the same period last year.

Published 25 May, 2021 01:36pm

Business & Finance

Biscuit manufacturer found involved in over Rs 4bn tax evasion

Assessment order was issued wherein an amount of Rs. 4.27 billion as sales tax along with default surcharge and 100 percent penalty for tax fraud was imposed upon the registered person, stated FBR.

Updated 25 May, 2021 12:25pm

Business & Finance

Circular debt declines Rs 189bn during July-April: Umar

The federal minister said that this ‘huge improvement’ in the circular debt buildup against the last year of PML-N government has been achieved despite massive increase in capacity payments caused by decisions committed by the former government.

Published 25 May, 2021 11:27am

Business & Finance

Fitch Ratings assigns WAPDA’s USD Notes 'B-' rating

“The proceeds of the proposed notes will be used to finance or refinance eligible green projects,” said Fitch.

Published 25 May, 2021 10:53am

Business & Finance

IT Ministry concern over FBR decision to abolish Tax Exemption regime

MOIT presented a detailed Industry Impact Analysis as the result of recent announcements by FBR to abolish the Tax Exemption regime and replacing it with the recently announced Tax Credit Regime.

Published 25 May, 2021 10:06am

Business & Finance

SBP Special ATM Monitoring exercise bears results

Consequently, the joint efforts of SBP and commercial banks saw an average of 96.5 percent uptime recorded in ATM services during Ramadan and Eid-ul-Fitr.

Published 25 May, 2021 09:34am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 25	277.83
USD PKR Interbank Buying / Nov 25	277.73
USD to Japanese Yen / Nov 26	153.83
USD to Swiss Franc / Nov 26	0.89
Pound Sterling to USD / Nov 26	1.25
Euro to USD / Nov 26	1.05

Stock	Volume
S&P 500 / Nov 25	5,987.37
Nasdaq / Nov 25	18,054.84
Dow Jones / Nov 25	44,736.57
India Sensex / Nov 26	80,083.15
Tokyo Nikkei / Nov 26	38,266.61
Hang Seng / Nov 26	19,174.25
FTSE 100 / Nov 26	8,253.38
Germany DAX 30 / Nov 26	19,284.47

Item	Value
Gold 10 Grams PKR / Nov 25	244,860.20
Crude Oil USD/Barrel / Nov 26	69.17
Karachi Cotton PKR/37.32 KG / Nov 26	17,685
Gold Spot USD/Ounce / Nov 26	2,623.04
Cotton US¢/pound / Nov 26	71.35
Petrol/Litre / Nov 27	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 27 786 Investments Limited(786)	6.86 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 27 Al-Abbas Sugar Mills Limited(AABS)	610 ▼ 0.00 (0.00%)
Agro Allianz / Nov 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 27 Ali Asghar Textile Mills Limited(AATM)	74.39 ▼ 0.00 (0.00%)
Allied Bank / Nov 27 Allied Bank Limited(ABL)	122.01 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 27 Abbott Laboratories (Pakistan) Limited(ABOT)	998.48 ▼ 0.00 (0.00%)
Abson Ind. / Nov 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 27 Alfalah Consumer Index ETF.(ACIETF)	12.42 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 27 786 Investments Limited(786)	6.86 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 27 Al-Abbas Sugar Mills Limited(AABS)	610 ▲ 0.00 (0.00%)
Agro Allianz / Nov 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 27 Ali Asghar Textile Mills Limited(AATM)	74.39 ▲ 0.00 (0.00%)
Allied Bank / Nov 27 Allied Bank Limited(ABL)	122.01 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 27 Abbott Laboratories (Pakistan) Limited(ABOT)	998.48 ▲ 0.00 (0.00%)
Abson Ind. / Nov 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 27 Alfalah Consumer Index ETF.(ACIETF)	12.42 ▲ 0.00 (0.00%)

Stock	Volume
Hascol Petrol / Nov 27 Hascol Petroleum Limited(HASCOL)	64,823,622 ▲ 0.00
Cnergyico PK / Nov 27 Cnergyico PK Limited(CNERGY)	48,065,578 ▲ 0.00
Fauji Foods Ltd / Nov 27 Fauji Foods Limited(FFL)	40,919,425 ▲ 0.00
WorldCall Telecom / Nov 27 Worldcall Telecom Limited(WTL)	33,547,707 ▲ 0.00
K-Electric Ltd. / Nov 27 K-Electric Limited(KEL)	32,092,012 ▲ 0.00
Sui South Gas / Nov 27 Sui Southern Gas Company Limited(SSGC)	30,420,168 ▲ 0.00
Treet Battery / Nov 27 Treet Battery Limited(TBL)	22,823,492 ▲ 0.00
B.O.Punjab / Nov 27 The Bank of Punjab(BOP)	20,014,784 ▲ 0.00
Waves Home Appliances / Nov 27 Waves Home Appliances Limited(WAVESAPP)	19,695,105 ▲ 0.00

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