News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Govt appoints Asim Ahmed as FBR Chairman

The FBR Chairman, Javed Ghani, was set to retire on April 10th, i.e., two months before the announcement of the federal budget.

Published 09 Apr, 2021 04:18pm

Business & Finance

Business activities to remain close across Sindh two days a week

The notification said that meat shops, bakeries, fruit and vegetable shops would be open from 6 am to 8 pm on Friday and Sunday, while medical stores would be allowed to be open 24 hours a day.

Published 09 Apr, 2021 02:15pm

Business & Finance

Russian co intends to setup desalination, waste-to energy project in Karachi

The delegation was briefed about various incentives offered to enterprises in Special Economic Zones (SEZs) and encouraged them to establish operations in SEZs located in Sindh.

Published 09 Apr, 2021 12:31pm

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

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%)
IGI Life Ins / Jan 31 IGI Life Insurance Limited(IGIL)	15.13 ▲ 1.38 (10.04%)
Tariq Corporation / Jan 31 Tariq Corporation Limited(TCORP)	16.91 ▲ 1.54 (10.02%)
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%)
Dandot Cement / Jan 31 Dandot Cement Company Limited(DNCC)	16.48 ▲ 1.5 (10.01%)
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%)
Fateh Sports / Jan 31 Fateh Sports Wear Limited(FSWL)	95.07 ▲ 8.64 (10%)

Stock	Price
Blue-Ex Ltd / Jan 31 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-10.01%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	40.83 ▼ -4.52 (-9.97%)
Olympia Mills / Jan 31 Olympia Mills Limited(OML)	33 ▼ -3.56 (-9.74%)
Popular Islamic / Jan 31 Popular Islamic Modaraba(PIM)	11.35 ▼ -1.19 (-9.49%)
Sardar Chemical / Jan 31 Sardar Chemical Industries Limited(SARC)	33.11 ▼ -3.13 (-8.64%)
Ashfaq Textile / Jan 31 Ashfaq Textile Mills Limited(ASHT)	15.61 ▼ -1.43 (-8.39%)
F.Credit & Inv / Jan 31 First Credit and Investment Bank Limited(FCIBL)	7.28 ▼ -0.66 (-8.31%)
Fateh Ind. / Jan 31 Fateh Industries Limited(FIL)	136 ▼ -11.19 (-7.6%)
ZIL Limited / Jan 31 ZIL Limited(ZIL)	216.12 ▼ -17.36 (-7.44%)

Stock	Volume
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -0.94
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	45,150,993 ▲ 0.25
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.49
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.11
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	20,556,244 ▼ -0.01
K-Electric Ltd. / Jan 31 K-Electric Limited(KEL)	16,969,744 ▼ -0.01
Citi Pharma Ltd / Jan 31 Citi Pharma Ltd.(CPHL)	15,022,230 ▲ 2.93
Hascol Petrol / Jan 31 Hascol Petroleum Limited(HASCOL)	13,297,950 ▼ -0.12
National Bank / Jan 31 National Bank of Pakistan(NBP)	12,863,023 ▲ 6.44

Markets →

Budget 2024-25: income tax calculator for FY25

Most Popular