News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Markets

Bearish sentiments prevail at PSX on first trading day of the month

As per analysts the concerns regarding the rising number of coronavirus case, stricter lockdown and government decision reduce business timings all dented investors’ confidence.

Published 03 May, 2021 02:45pm

Technology

Telecard likely to get its subsidiary listed at the bourse

The Board of Directors, in its meeting, has authorized the Company to explore the option for listing of its subsidiary Supernet Limited.

Published 03 May, 2021 01:32pm

Technology

WhatsApp bringing in new feature for users

One of the key advantages of this feature is that it takes less time and makes it easier to understand the message being sent.

Published 03 May, 2021 01:03pm

Business & Finance

Pakistan to launch soft loan scheme for Overseas Workers

Under the initiative, soft loans will be provided to the labourers and the overseas Pakistanis returning from foreign countries so that they could set up their own businesses.

Published 03 May, 2021 11:16am

Business & Finance

US Senators table bill to develop ROZs in Pakistan, Afghanistan border region

The bill would establish Reconstruction Opportunity Zones (ROZs) in Afghanistan and Pakistan’s border regions to allow certain products from these areas to enter the U.S. duty-free, read a statement.

Published 01 May, 2021 12:47pm

Pakistan reduce inbound international flights to 20pc

Pakistan has decided to significantly reduce inbound international air travel, said the NCOC in a statement on Saturday.

Published 01 May, 2021 12:17pm

Business & Finance

Policies leading to economic revival says PM, as FBR post impressive growth

The prime minister said that the rise in FBR revenue indicates that the government policies have led to broad-based economic revival.

Published 01 May, 2021 10:50am

Business & Finance

Adhering to strict financial discipline to achieve stability, Tarin tells business community

The representatives of FPCCI discussed matters related to sales tax harmonization and rationalization of taxes.

Published 01 May, 2021 10:15am

Business & Finance

OGRA slashes LPG rates for May

The notification said that the new price of a domestic LPG cylinder was fixed at Rs 1,572.40, while in April, the price of a domestic LPG cylinder was Rs 1,718.59.

Published 30 Apr, 2021 02:59pm

Business & Finance

Punjab approves projects worth Rs 75bn under Public-Private partnership

The meeting approved to initiation of seven projects worth Rs. 75 billion under public-private partnership.

Published 30 Apr, 2021 02:22pm

Markets

PSX ends April with bears dominating the bourse

The benchmark KSE-100 Index closed at 44,262.35 points on Friday, losing 600.76 points facing a decline of 1.34 percent.

Published 30 Apr, 2021 12:49pm

Business & Finance

Riding on new policy Pakistan’s refining capacity to register significant growth

The expectation comes on the back of a new oil refinery policy, which is under works and offers incentives for existing up-gradation projects and new refineries as well.

Published 30 Apr, 2021 11:53am

Business & Finance

Consumer Confidence erodes, as Pakistan fears rise in unemployment: Survey

*The Consumer Confidence Index declined by 10.8pc on a quarterly basis to 80.8 points in the first quarter of 2021.

Published 30 Apr, 2021 11:00am

Business & Finance

Traders urge govt to increase business hours of groceries

LCCI President Tariq Misbah has said that extra working hours will reduce the pressure on the business community.

Published 30 Apr, 2021 10:00am

Business & Finance

SECP introduces combined digital registration with provincial depts

As per SECP, this initiative is expected to significantly reduce the overall starting a business time in Pakistan and would have a positive impact on the countries ranking on the Doing Business Index.

Published 29 Apr, 2021 03:33pm

Business & Finance

Experts call for special tax regime for Pakistan solar industry

Rizvi lamented the situation that power plants were still being established in the country on the basis of imported coal when there was a huge potential to indigenously generate clean electricity using abundantly available solar energy.

Published 29 Apr, 2021 02:16pm

Business & Finance

Modern scanners to be installed at airports for fruits & veggie inspection

Waheed said that the scanner will help examine the export of fruits, vegetables, and other perishable food items.

Published 29 Apr, 2021 01:14pm

Business & Finance

Until exports increase, Pakistan need to close gap with remittances: PM

He was hopeful that the introduction of two new products including the Roshan Apni Car and Roshan Samaji Khidmat to increase the participation of Overseas Pakistanis will be successful.

Updated 29 Apr, 2021 02:59pm

Markets

PSX updates office/trading timing amid rising COVID cases

“Align with the decision of National Command and Operation Centre (NCOC) regarding the COVID-19 situation and subsequent reduction in banking hours by the State Bank of Pakistan, PSX has also revised its market at office timing keeping in view the smooth clearing and settlement within the reduced banking hours,” stated the bourse.

Published 29 Apr, 2021 10:54am

Business & Finance

Pakistan’s textile giant to invest $300mn in next five years

The company said that under the vision it will endeavor to double its sales by FY2025-26 when compared to the sales in the FY2020 -21.

Published 29 Apr, 2021 10:08am

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
Kohinoor Ind. / Jan 31 Kohinoor Industries Limited(KOIL)	10.21 ▲ 1 (10.86%)
Sana Ind / Jan 31 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
Tariq Corporation / Jan 31 Tariq Corporation Limited(TCORP)	16.91 ▲ 1.54 (10.02%)
Redco Textile / Jan 31 Redco Textiles Limited(REDCO)	24.17 ▲ 2.2 (10.01%)
Leather Up Ltd. / Jan 31 Leather Up Limited(LEUL)	53.74 ▲ 4.89 (10.01%)
Saritow Spinning / Jan 31 Saritow Spinning Mills Limited(SSML)	17.92 ▲ 1.63 (10.01%)
Sanghar Sugar / Jan 31 Sanghar Sugar Mills Limited(SANSM)	37.14 ▲ 3.38 (10.01%)
National Bank / Jan 31 National Bank of Pakistan(NBP)	70.84 ▲ 6.44 (10%)
Mirpurkhas Sugar / Jan 31 Mirpurkhas Sugar Mills Limited(MIRKS)	31.90 ▲ 2.9 (10%)

Stock	Price
Blue-Ex Ltd / Jan 31 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-10.01%)
Olympia Mills / Jan 31 Olympia Mills Limited(OML)	32.90 ▼ -3.66 (-10.01%)
Fateh Ind. / Jan 31 Fateh Industries Limited(FIL)	132.50 ▼ -14.69 (-9.98%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	41.15 ▼ -4.2 (-9.26%)
Sardar Chemical / Jan 31 Sardar Chemical Industries Limited(SARC)	33.11 ▼ -3.13 (-8.64%)
First Elite Cap.Mod / Jan 31 First Elite Capital Modaraba(FECM)	6 ▼ -0.4 (-6.25%)
Ghazi Fabrics / Jan 31 Ghazi Fabrics International Limited(GFIL)	9.12 ▼ -0.46 (-4.8%)
The Thal Ind.Corp. / Jan 31 The Thal Industries Corporation Limited(TICL)	280.01 ▼ -13.99 (-4.76%)
Shahtaj Textile / Jan 31 Shahtaj Textile Limited(STJT)	67.79 ▼ -3.21 (-4.52%)

Stock	Volume
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -0.56
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	40,269,760 ▲ 0.22
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.3
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.06
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	20,556,244 ▲ 0
K-Electric Ltd. / Jan 31 K-Electric Limited(KEL)	16,969,744 ▲ 0
Citi Pharma Ltd / Jan 31 Citi Pharma Ltd.(CPHL)	15,022,230 ▲ 2.88
Hascol Petrol / Jan 31 Hascol Petroleum Limited(HASCOL)	13,297,950 ▲ 0.06
National Bank / Jan 31 National Bank of Pakistan(NBP)	12,758,754 ▲ 6.44

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