News stories for Ali Ahmed - Business Recorder

Ali Ahmed

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

Business & Finance

Pakistan economic growth projected to be 3pc: Baqir

He said that despite coronavirus pandemic, economic indicators are strong this year.

Updated 15 May, 2021 10:42am

Business & Finance

Pakistan weigh 0.02pc in MSCI EM

Pakistan now has a weight of 0.023 percent as compared to 0.016pc previously. Additionally, Pakistan's weight in the small cap index has been revised to 037 9pc.

Published 12 May, 2021 03:35pm

Business & Finance

Pakistan exports to EU cross over $7.4bn in Jul-Apr 2021

“EU is a very important market for us and we greatly appreciate the tireless efforts of our exporters for making this possible under very difficult conditions,” he said.

Published 12 May, 2021 01:51pm

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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