News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Baqir highlights SBP measures amid COVD pandemic

On policy rate, Baqir informed that Pakistan reduced its interest rate by 625 basis points since 1st February 2020 to provide interest expense relief for borrowers.
The central bank chief said that about Rs 2 trillion liquidity or five percent of the GDP was injected through SBP’s economic policy support measures during COVID.

Published 24 May, 2021 04:47pm

Business & Finance

GDP growth expected to rise 3.94pc as post-Covid recovery strengthens: SBP

“This rebound was fueled by a well-calibrated policy response,” said SBP.
SBP said that it provided a targeted economic stimulus of Rs2 trillion to support the recovery through interest rate cut, principal deferment & loan restructuring, Rozgar payroll finance scheme to prevent layoffs, and concessional finance for investment in industry and health facilities.

Published 24 May, 2021 01:59pm

Business & Finance

PM Khan inaugurates Ehsaas Saving Wallets initiative

In his address, the Prime Minister congratulated Dr. Sania Nishtar and her entire Ehsaas team, after the World Bank recently acknowledged the Ehsaas program as the fourth largest social protection intervention globally in terms of the number of people covered during the COVID-19 pandemic.

Updated 24 May, 2021 01:00pm

Business & Finance

Pakistan all set to register pink salt, mangoes for GI tag

"The process of registration is underway and will be completed as soon as the statutory bodies (owners of GI tag) approach IPO,” he said.

Published 24 May, 2021 11:04am

Business & Finance

PTCL appoints Hatem Bamatraf as Chief Executive

“We have to inform you that Mr Matthew Wilsher has/have ceased to be the Chief Executive of the Company w.e.f. 2021-05-23 and Mr Hatem Mohamad Bamatraf has/have been appointed as Chief Executive,” read a PTCL in a filing to the Pakistan Stock Exchange (PSX).

Updated 24 May, 2021 12:57pm

Business & Finance

Hammad terms economic growth forecast of nearly 4pc a remarkable recovery

“This is a remarkable recovery,” he said. “And unlike past growth stints, forex reserves have also grown and the current account remains in surplus,” added Azhar.

Published 22 May, 2021 12:14pm

Business & Finance

Expert anticipates policy rate to remain unchanged in upcoming MPC

“We expect the central bank to keep policy rate unchanged at 7 percent in the upcoming monetary policy statement,” said Arif Habib Limited in a report.

Updated 22 May, 2021 03:41pm

Business & Finance

Federal cabinet disapprove immediate hike in electricity rate, says Hammad

Power Division has submitted a review motion with Nepra as per directions of Cabinet.

Published 22 May, 2021 10:53am

Business & Finance

Response of RDAs in UK very encouraging, says envoy

The High Commissioner appreciated the State Bank of Pakistan (SBP) for allowing Pound Sterling denominated accounts, which he said, would help promote RDA in the UK.

Published 22 May, 2021 10:21am

Business & Finance

Pakistan commences production of COVID vaccine, NA told

The vaccine will be available for administration to the people by the end of this month.

Published 21 May, 2021 03:57pm

Business & Finance

US targets cryptocurrency as Biden administration unveils tax proposals

"As with cash transactions, businesses that receive cryptoassets with a fair market value of more than $10,000 would also be reported on," the Treasury Department said in the report.

Published 21 May, 2021 02:37pm

Business & Finance

Pakistan to roll out Green Bond in coming days

The WAPDA chief said that the funds generated from the issuance of the green bonds will be used to fund the Diamer Basha and Mohmand dams in Pakistan.

Published 21 May, 2021 12:45pm

Business & Finance

Wyeth Pakistan delisting: Co to submit application at PSX

Wyeth Pakistan Limited on Tuesday informed that the parent company, Wyeth LLC, USA currently holding 40.55 percent of the shareholding in Wyatt Pakistan Limited resolved to consider purchase of shares from all minority security holders in order to increase its ownership and de-list the company.

Published 21 May, 2021 11:58am

Business & Finance

PM Khan says peace required to unleash China’s Belt and Road potential

“The China-Pakistan Economic Corridor is a flagship project of the Belt and Road Initiative. It has generated economic activity, employment and will enhance bilateral and regional trade," Khan said.

Published 21 May, 2021 10:34am

Business & Finance

PM Khan visit to KSA having positive impact on forex reserves: Baqir

The Governor said Pakistani community in Saudi Arabia is showing greater interest in RDAs following the Prime Minister's recent visit to the Kingdom.

Published 20 May, 2021 03:21pm

Business & Finance

SBP rolls out advance calendar of MPC meetings

It is pertinent to mention that a minimum of six MPC meetings are scheduled every year.
The SBP has lately taken a number of initiatives to modernize and increase transparency in the monetary policymaking process.

Published 20 May, 2021 01:35pm

Technology

Pakistan to join Amazon’s approved seller list before June

The spokesperson informed that the government is currently working on its procedures, such as changes in the foreign exchange manual of the State bank of Pakistan (SBP).

Published 20 May, 2021 01:11pm

Business & Finance

WAPDA highly dependent on govt extraordinary support: Moody’s

Moody’s said that the BCA of b3 reflects WAPDA's dominant position in supplying hydropower and developing water resource infrastructure in the nation, and the recurring financial support from the Pakistani government, which is closely linked to the government's fiscal budget.

Published 20 May, 2021 12:15pm

Business & Finance

SBP reduces Exchange Companies SLR requirement

The amount of SLR may be kept in current account maintained with SBP as well as invested in unencumbered approved government securities through SBP’s Subsidiary General Ledger Account (SGLA) facility.

Updated 20 May, 2021 03:56pm

Business & Finance

BoI stresses on increase bilateral trade between Pakistan & UK

Secretary BOI Ms. Fareena Mazhar shared that UK is the second largest investor in Pakistan with net FDI of US 1117.3 million in FY 2020 and a number of British companies with substantial investments are successfully operating in the country.

Published 20 May, 2021 10:27am

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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