News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Technology

Umar Saif expresses wish to bring PayPal, stripe payment gateways to Pakistan

If the authorities facilitate us, I can increase the IT industry's size from $2.6 billion to $3.5 billion in a couple of months, says caretaker IT minister

Updated 31 Aug, 2023 05:37pm

Markets

Open-market: US dollar hits 315 against rupee as gap with inter-bank rate continues to widen

The US dollar continued to hit new heights against a weakening Pakistani rupee, and reached the 315 level during...

Updated 23 Aug, 2023 08:20pm

Pakistan

For Pakistan’s consumers and industries, economic woes are far from over

Pakistan’s last-minute deal with the International Monetary Fund (IMF) has given Islamabad some breathing room as...

Published 18 Aug, 2023 05:56pm

Markets

Inter-bank & open markets: exchange rate gap starts to breach IMF-defined limit

Average premium between the inter-bank and open market rate will be no more than 1.25 percent during any consecutive 5-business day period, the IMF had said in its country report on Pakistan

Updated 15 Aug, 2023 08:59pm

Perspectives

Agrivoltaics: looking to solve Pakistan’s food and energy conundrum at the same time

In what could only be called the climax moment of a movie that was dragging on, Pakistani authorities managed to...

Published 29 Jul, 2023 04:01pm

Markets

Atlas Honda sees $25mn in exports in MY24: Ismail Iqbal Securities

Atlas Honda Limited (ATLH), manufacturer of motorcycles in Pakistan, expects its exports to hit nearly $25 million...

Updated 19 Jul, 2023 07:30pm

Markets

IMF delves into reasons behind ‘shorter’ programme with Pakistan

Nine-month Stand-By Arrangement provides time to implement policies critical to strengthening Pakistan's economic situation, says IMF’s Director of Strategic Communications Julie Kozack

Updated 14 Jul, 2023 08:59pm

Business & Finance

Irfan Siddiqui’s tenure as CEO/president of Meezan Bank extended

Upon his retirement on Dec 29, 2025, BankIslami's current CEO Syed Amir Ali will assume the roles

Updated 10 Jul, 2023 06:42pm

Markets

Lying in wait for IMF, Pakistani rupee witnesses record depreciation in FY23

Hammered by the deteriorating macroeconomic situation in the country, the Pakistani rupee witnessed a record level...

Published 27 Jun, 2023 07:01pm

Technology

Pakistan’s startup Abhi selected among WEF’s ‘Technology Pioneers’

Pakistan’s financial platform Abhi has been selected as one of the World Economic Forum’s (WEF) ‘Technology...

Published 21 Jun, 2023 03:20pm

Markets

Open-market: rupee has quietly strengthened to 293-295 against US dollar

Gain has reduced its gap with rates in the inter-bank market

Updated 15 Jun, 2023 06:47pm

Markets

Russian oil: experts say ‘trial run’ vital to identify viability for Pakistan

Currently, details are not available, which makes it harder to assess cost impact for consumers

Updated 13 Jun, 2023 11:21pm

Pakistan

In budget 2023-24, Pakistan envisages over $19bn in external financing

To meet budgeted targets, govt says it will seek $2.4bn from IMF, another $4.5bn from commercial banks

Updated 09 Jun, 2023 11:11pm

Pakistan

There will be no winners, say experts ahead of budget announcement

Trapped in economic crisis coupled with political instability and lingering IMF programme, govt seems to have its hands tied

Updated 07 Jun, 2023 08:35pm

Markets

Market says likelihood of tax on companies’ reserves getting green signal ‘low’

Market experts on Wednesday said the likelihood of the government imposing a tax on undistributed profits – reserves...

Published 31 May, 2023 06:31pm

Markets

Companies scramble for emergency meetings amid reports of proposal to tax reserves

Reports of the Reform and Revenue Mobilisation Commission’s (RRMC) proposal to tax accumulated reserves of companies...

Published 30 May, 2023 06:14pm

Markets

Political and economic turmoil: Pakistan’s open market sees dollar shortage yet again

Dealers say gap between inter-bank and open market rates has also widened to nearly Rs20

Updated 17 May, 2023 05:45pm

Pakistan

‘Negative investor perception’: venture capital association calls out internet suspension

The Venture Capital Association of Pakistan (VCAP), a platform aimed at facilitating startups, expressed its concern...

Updated 12 May, 2023 08:11pm

Markets

Political turmoil damaging Pakistan’s already battered economy

Analysts say ongoing political crisis and massive uncertainty driving concerns of default, further delay in IMF programme

Published 11 May, 2023 03:19pm

Perspectives

Pakistan’s inflation conundrum: out of the frying pan into the fire

SBP's monetary policy has proven to be an ineffective tool in curbing inflationary pressures, and has massively increased cost of doing business

Published 08 May, 2023 06:14pm

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
Petrol/Litre / Nov 26	248.38
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
Diesel/Litre / Nov 26	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 26 786 Investments Limited(786)	6.86 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 26 Al-Abbas Sugar Mills Limited(AABS)	610 ▼ 0.00 (0.00%)
Agro Allianz / Nov 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 26 Ali Asghar Textile Mills Limited(AATM)	74.39 ▼ 0.00 (0.00%)
Allied Bank / Nov 26 Allied Bank Limited(ABL)	122.01 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 26 Abbott Laboratories (Pakistan) Limited(ABOT)	998.48 ▼ 0.00 (0.00%)
Abson Ind. / Nov 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 26 Alfalah Consumer Index ETF.(ACIETF)	12.42 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 26 786 Investments Limited(786)	6.86 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 26 Al-Abbas Sugar Mills Limited(AABS)	610 ▲ 0.00 (0.00%)
Agro Allianz / Nov 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 26 Ali Asghar Textile Mills Limited(AATM)	74.39 ▲ 0.00 (0.00%)
Allied Bank / Nov 26 Allied Bank Limited(ABL)	122.01 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 26 Abbott Laboratories (Pakistan) Limited(ABOT)	998.48 ▲ 0.00 (0.00%)
Abson Ind. / Nov 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 26 Alfalah Consumer Index ETF.(ACIETF)	12.42 ▲ 0.00 (0.00%)

Stock	Volume
Hascol Petrol / Nov 26 Hascol Petroleum Limited(HASCOL)	64,823,622 ▲ 0.00
Cnergyico PK / Nov 26 Cnergyico PK Limited(CNERGY)	48,065,578 ▲ 0.00
Fauji Foods Ltd / Nov 26 Fauji Foods Limited(FFL)	40,919,425 ▲ 0.00
WorldCall Telecom / Nov 26 Worldcall Telecom Limited(WTL)	33,547,707 ▲ 0.00
K-Electric Ltd. / Nov 26 K-Electric Limited(KEL)	32,092,012 ▲ 0.00
Sui South Gas / Nov 26 Sui Southern Gas Company Limited(SSGC)	30,420,168 ▲ 0.00
Treet Battery / Nov 26 Treet Battery Limited(TBL)	22,823,492 ▲ 0.00
B.O.Punjab / Nov 26 The Bank of Punjab(BOP)	20,014,784 ▲ 0.00
Waves Home Appliances / Nov 26 Waves Home Appliances Limited(WAVESAPP)	19,695,105 ▲ 0.00

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