News stories for Ali Ahmed - Business Recorder

Ali Ahmed

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

Business & Finance

Engro planning a massive multi-billion-dollar chemical complex

Engro Corporation has selected Honeywell UOP and W. R. Grace & Co. as technology partners to use their licensed process technology for the $1.5 billion, 750,000 Propane Dehydrogenation (“PDH”) and Polypropylene (“PP”) production.

Published 19 May, 2021 02:29pm

Business & Finance

Restaurants demand resumption of indoor, outdoor dining

The association said that the restaurant industry was coronavirus's biggest victim, which was shut down immediately by the government in light of measures adopted to curb COVID spread.

Published 19 May, 2021 01:25pm

Business & Finance

Ex- State Minister says intl companies keen to invest billions in Pakistan

Ghuman said that after decades a number of international investors including Canadian National Railway Company, Deutsche Bahn (Germany), Korean, Japanese, and USA companies are ready to commit to investing in Pakistan.

Published 19 May, 2021 11:36am

Business & Finance

China’s RNL Technologies plans to produce EV chargers in Pakistan

He further said that after the announcement of the new EV policy the market demand for EVs has increased and more new EV manufacturers are coming to Pakistan.

Published 19 May, 2021 10:35am

Business & Finance

Profit rates on National Saving Schemes slashed

The reduction in profit rates on schemes, including Shuhada 'Family Welfare Accounts and Pensioners' Benefit Accounts, will take effect from May 19.

Published 19 May, 2021 10:12am

Technology

Pakistan’s teledensity reach 85pc, 88pc has access to internet: PTA

“There are now over 100 million broadband subscribers with total teledensity at 85pc, over 181 million mobile subscribers and 2.4 million fixed-line subscribers,” said PTA.

Published 18 May, 2021 01:40pm

Business & Finance

PM urges ministries for quick follow up on agreements with KSA

During PM Khan's three days visit to Saudi Arabia, a number of bilateral agreements/memoranda of understanding (MoU) were signed between Prime Minister Imran Khan and Crown Prince Mohammed bin Salman.

Published 18 May, 2021 12:34pm

Business & Finance

Diseases causing poultry rates to skyrocket

In the current situation, the increase in the rate of poultry is due to an attack on poultry farms by the disease of Rani Kheet.

Published 18 May, 2021 11:53am

Technology

Pakistan installs 4G BTS at K2 Base camp

PTA informed that a 4G Base Transceiver Station (BTS) has been installed at K2 Base camp area of Concordia in order to provide better communication facilities to the mountaineers and trekkers.

Published 18 May, 2021 10:23am

Business & Finance

Pakistan's Remittances rise to all-time high of $2.8bn in April

Remittance inflows during July-April FY21 were mainly sourced from Saudi Arabia ($6.4 billion), United Arab Emirates ($5.1 billion), United Kingdom ($3.3 billion) and the United States ($2.2 billion).

Published 18 May, 2021 09:50am

Business & Finance

POL prices expected to rise

The new prices will apply tonight at 12 noon and will remain in effect till May 31.

Published 17 May, 2021 03:52pm

Technology

KP appoints Waqar Zaka as cryptocurrency expert

Zaka has been appointed by the provincial government as an expert in an advisory committee overseeing its digital assets including cryptocurrency and cryptomining.

Published 17 May, 2021 02:22pm

Business & Finance

BAHL acquires Centrepoint Building

The company informed that after satisfactory due diligence, obtaining the requisite approvals and consents, completing the necessary formalities, and the execution of appropriate contracts, the parties have successfully completed the sale and purchase transaction for the Centrepoint Building.

Published 17 May, 2021 01:42pm

Business & Finance

ODGCL discovers gas reserves in Balochistan

OGDCL said that the discovery of Jandran X-04 is the result of aggressive exploration strategy adopted by the company.

Published 17 May, 2021 11:46am

Business & Finance

Packages, Mitsubishi finalise price for Tri-Pack stake

As per JV agreement between the parties, the company has first right of refusal to purchase the entire shareholding of Mitsubishi Corporation.

Published 17 May, 2021 10:47am

Business & Finance

PM lauds Nishtar after Ehsaas program achieves intl recognition

World Bank has recognized Pakistan’s government Ehsaas Emergency Cash program among the top four social protection interventions globally in terms of number of people covered.

Published 17 May, 2021 10:03am

Pakistan

WB recognizes Ehsaas Emergency Cash program among world's largest in terms of coverage

The report stated that Pakistan was also among the top 5 lower middle income countries by level of social protection spending.

Updated 15 May, 2021 05:20pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 30	279.17
USD PKR Interbank Buying / Jan 30	278.97
USD to Japanese Yen / Jan 30	154.32
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 30	6,071.17
India Sensex / Jan 30	76,759.81
Tokyo Nikkei / Jan 30	39,513.97
Nasdaq / Jan 30	19,681.75
Hang Seng / Jan 30	20,225.11
FTSE 100 / Jan 30	8,646.88
Dow Jones / Jan 30	44,882.13
Germany DAX 30 / Jan 30	21,727.20

Item	Value
Crude Oil USD/Barrel / Jan 30	72.99
Karachi Cotton PKR/37.32 KG / Jan 30	18,285
Gold 10 Grams PKR / Jan 30	248,885
Gold Spot USD/Ounce / Jan 30	2,849.50
Cotton US¢/pound / Jan 30	66.27
Petrol/Litre / Jan 31	256.13

Gainers
Losers
Leaders

Stock	Price
Chenab Ltd / Jan 30 Chenab Limited(CHBL)	9.08 ▲ 1 (12.38%)
Kohinoor Ind. / Jan 30 Kohinoor Industries Limited(KOIL)	9.26 ▲ 1 (12.11%)
PICIC Ins.Ltd. / Jan 30 PICIC Insurance Limited(PIL)	2.52 ▲ 0.23 (10.04%)
Redco Textile / Jan 30 Redco Textiles Limited(REDCO)	21.97 ▲ 2 (10.02%)
Sana Ind / Jan 30 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
I.C.C. Ind. / Jan 30 ICC Industries Limited(ICCI)	14.29 ▲ 1.3 (10.01%)
Ashfaq Textile / Jan 30 Ashfaq Textile Mills Limited(ASHT)	17.48 ▲ 1.59 (10.01%)
Ahmad Hassan / Jan 30 Ahmad Hassan Textile Mills Limited(AHTM)	59.90 ▲ 5.45 (10.01%)
Atlas Honda Ltd / Jan 30 Atlas Honda Limited(ATLH)	873.29 ▲ 79.39 (10%)

Stock	Price
Tariq Corp.Pref. / Jan 30 Tariq Corporation Limited-Preference Shares(TCORPCPS)	6.91 ▼ -0.97 (-12.31%)
First Capital Equities / Jan 30 First Capital Equities Limited(FCEL)	5.21 ▼ -0.68 (-11.54%)
National Silk / Jan 30 The National Silk & Rayon Mills Limited(NSRM)	45.35 ▼ -5.04 (-10%)
Blue-Ex Ltd / Jan 30 Blue-Ex Limited (GEM)(GEMBLUEX)	55.40 ▼ -6.15 (-9.99%)
Kohat Textile / Jan 30 Kohat Textile Mills Limited(KOHTM)	32 ▼ -3.13 (-8.91%)
Hussain Industries / Jan 30 Husein Industries Limited(HUSI)	26.41 ▼ -2.45 (-8.49%)
Trust Sec.& Brok. / Jan 30 Trust Securities & Brokerage Limited(TSBL)	13.60 ▼ -1.14 (-7.73%)
JS Investments / Jan 30 JS Investments Limited(JSIL)	21.02 ▼ -1.74 (-7.64%)
Universal Ins. / Jan 30 The Universal Insurance Company Limited(UVIC)	9.13 ▼ -0.67 (-6.84%)

Stock	Volume
Sui South Gas / Jan 30 Sui Southern Gas Company Limited(SSGC)	48,078,930 ▲ 2.48
Waves Home Appliances / Jan 30 Waves Home Appliances Limited(WAVESAPP)	33,126,010 ▲ 1.16
Bank Makramah / Jan 30 Bank Makramah Limited(BML)	31,438,642 ▲ 0.23
Cnergyico PK / Jan 30 Cnergyico PK Limited(CNERGY)	31,197,761 ▲ 0.13
K-Electric Ltd. / Jan 30 K-Electric Limited(KEL)	29,670,310 ▲ 0.13
Citi Pharma Ltd / Jan 30 Citi Pharma Ltd.(CPHL)	25,413,292 ▲ 2.73
Dewan Motors / Jan 30 Dewan Farooque Motors Limited(DFML)	24,726,221 ▼ -1.63
WorldCall Telecom / Jan 30 Worldcall Telecom Limited(WTL)	20,794,723 ▲ 0.02
Fauji Cement / Jan 30 Fauji Cement Company Limited(FCCL)	13,308,955 ▲ 0.1

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