News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

SBP 'studying' option to launch its Digital Currency in Pakistan: Baqir

Baqir said that the introduction of an SBPs digital currency will have a twofold benefit to us.
Baqir said that fintech like Stripe and other such big international payment providers are ‘very welcome’ in Pakistan.

Published 09 Apr, 2021 11:23am

Business & Finance

Engro Corp approves over $31mn to identify investment opportunities

“The results of these studies, when completed, are expected to inform the final investment decision in relation to this project, which decision will also be based on a conducive policy environment and arranging the right mix of debt and equity partners at such time,” the company added.

Published 09 Apr, 2021 10:42am

Business & Finance

Pakistan's meat exporter to commence frozen food production by July

“Hiring of all team members for the new business is complete and that team is geared up to ensure that timelines are not missed… the plan is to launch our products in at least 2500 stores across Pakistan,” Al Shaheer said in a statement.

Published 08 Apr, 2021 03:55pm

Business & Finance

China’s leading construction co keen to seek more investment opportunities in Pakistan

Chen said that despite the COVID-19 pandemic, CGGC is committed to the timely completion of energy projects under the China-Pakistan Economic Corridor (CPEC) in Pakistan.

Published 08 Apr, 2021 11:50am

Business & Finance

HBL shows interest in Silkbank's consumer portfolio, as Fauji Foundation backs off

“We would like to inform you that Fauji Foundation will not be proceeding with the due diligence process of Silkbank Limited, in pursuance of its application in this regard,” the bank said in a statement to the bourse.

Published 08 Apr, 2021 11:07am

Business & Finance

FBR, PRA sign MoU on Single Portal/ Sales Tax Return

SAPM on Revenue further added that now persons associated with businesses would only have to file one Sales Tax Return instead of many returns. He further said that this step would help bring simplification in the tax system and procedure.

Published 08 Apr, 2021 10:27am

Business & Finance

CPEC Project: Pakistan Customs clears first consignment for Gwadar Free Zone

As per detail, the first consignment consisting of metal scrap was processed and cleared by the Model Customs Collectorate, (A&F) West, Karachi and goods reached Gwadar Free Zone regulated by Model Customs Collectorate Gwadar.

Published 08 Apr, 2021 10:14am

Business & Finance

NEPRA raises electricity tariff by Rs0.64 per unit

According to the notification issued by NEPRA, the price of electricity has been increased by 64 paise per unit, which has been made in the matter of fuel charges adjustments for the month of February 2021.

Published 07 Apr, 2021 03:51pm

Markets

PSX proposes an Indemnity Clause to protect its staff

The bourse has proposed to have power under PSX Regulations whereby it could relax consequential actions of placement of a Listed Company on the Defaulters Segment and/or suspension of trading of its shares in any case of noncompliance of any provision of PSX Regulations by such listed company.

Published 07 Apr, 2021 03:23pm

Business & Finance

Chinese Group intends to invest $500mn in Pakistan’s livestock sector

BOI Ansari also briefed the delegation regarding investment opportunities in Special Economic Zones (SEZs) being developed by Pakistan to accelerate export-oriented industrialization.

Published 07 Apr, 2021 02:40pm

Business & Finance

Despite COVID-19 havoc, billionaires continue to amass fortunes

The US-based Forbes magazine has added 493 new billionaires to its 2021 list. Of these, 210 are from China, Hong Kong and 98 are from the United States.

Published 07 Apr, 2021 01:40pm

Business & Finance

Pakistanis lose billions of dollars yearly owing to tobacco usage: Report

The study said that the tobacco industry’s total tax contribution (120 billion in 2019) is approximately just 20 percent of smoking’s total cost. It found that indirect costs (morbidity and mortality) make up 70 percent of the total cost.

Published 07 Apr, 2021 12:34pm

Business & Finance

Hilton announces to reenter into Pakistan

“This is a landmark agreement for Hilton that signals our re-entry to the Pakistan market,” said Carlos Khneisser, vice president of development in the Middle East and Africa for Hilton.

Published 07 Apr, 2021 11:25am

Business & Finance

Hammad confident Pakistan's economy to grow faster than earlier forecasts

“Starting from next fiscal year, we will be targeting an even higher growth rate that may exceed 4pc per annum,” said Azhar in a tweet.

Published 07 Apr, 2021 10:38am

Technology

Facebook addresses political polarization, exploitation allegations

Clegg was of the view that at the center of such concerns is an assumption that in the relationship between human beings and complex automated systems, ‘we are not the ones in control.’

Published 06 Apr, 2021 04:12pm

Business & Finance

Etihad commences first commercial flight from Abu Dhabi to Israel

It is pertinent to mention that Abu Dhabi added Israel to its ‘green list’ on Monday, under which passengers arriving from Israel will be exempt from mandatory quarantine measures after landing in Abu Dhabi and will only be required to undergo PCR testing.

Published 06 Apr, 2021 03:41pm

Business & Finance

Pakistan eyes Russian investment for PSM revival

The PSM was built with the technical and financial help of Russia but was closed in 2015 due to heavy financial losses.

Published 06 Apr, 2021 02:31pm

Business & Finance

Provincial ministers to monitor sugar prices in Punjab

As per details, the Punjab Chief Minister directed the concerned departments to submit daily reports on sugar stocks and prices.

Published 06 Apr, 2021 01:44pm

Business & Finance

Cement sales post impressive 42pc growth in March

As per the data released by the All Pakistan Cement Manufacturer Association, local dispatches from the South posted a higher growth rate among the two regions of 62pc YoY. Meanwhile, North’s growth rate stood at 39pc YoY.

Published 06 Apr, 2021 01:00pm

Business & Finance

Pakistanis suffered an ‘unprecedented shock’ during first COVID-19 wave: Study

We find that the unemployment rate increased by 34.1 percent between the pre-lockdown and the first wave lockdown periods and mean income fell by over 42pc.

Published 06 Apr, 2021 12:04pm

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)	6.48 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 27 Al-Abbas Sugar Mills Limited(AABS)	610.84 ▼ 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)	68.52 ▼ 0.00 (0.00%)
Allied Bank / Nov 27 Allied Bank Limited(ABL)	125.50 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 27 Abbott Laboratories (Pakistan) Limited(ABOT)	917.87 ▼ 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)	11.82 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 27 786 Investments Limited(786)	6.48 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 27 Al-Abbas Sugar Mills Limited(AABS)	610.84 ▲ 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)	68.52 ▲ 0.00 (0.00%)
Allied Bank / Nov 27 Allied Bank Limited(ABL)	125.50 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 27 Abbott Laboratories (Pakistan) Limited(ABOT)	917.87 ▲ 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)	11.82 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 27 K-Electric Limited(KEL)	101,636,133 ▲ 0.00
B.O.Punjab / Nov 27 The Bank of Punjab(BOP)	92,023,190 ▲ 0.00
Hascol Petrol / Nov 27 Hascol Petroleum Limited(HASCOL)	73,320,431 ▲ 0.00
Fauji Foods Ltd / Nov 27 Fauji Foods Limited(FFL)	54,116,789 ▲ 0.00
Sui South Gas / Nov 27 Sui Southern Gas Company Limited(SSGC)	54,088,119 ▲ 0.00
Treet Battery / Nov 27 Treet Battery Limited(TBL)	49,797,748 ▲ 0.00
Pace (Pak) Ltd. / Nov 27 Pace (Pakistan) Limited(PACE)	47,465,434 ▲ 0.00
WorldCall Telecom / Nov 27 Worldcall Telecom Limited(WTL)	44,206,223 ▲ 0.00
Cnergyico PK / Nov 27 Cnergyico PK Limited(CNERGY)	34,058,498 ▲ 0.00

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