News stories for Ali Ahmed - Business Recorder

Ali Ahmed

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

Business & Finance

MLCF enhances grey clinker production

The capacity of the Line-3 has been increased from 7300 to 7800 tons per day of clinker, this was achieved due to a debottlenecking and Balancing Modernization and Replacement (BMR) program, informed the cement manufacturer.

Published 06 Apr, 2021 10:44am

Business & Finance

Rs 1.6bn release for petroleum sector projects under PSDP

An amount of Rs1.686bn had been provided against a total allocation of Rs 1.821.520bn for the execution of the projects for five ongoing projects.

Published 05 Apr, 2021 04:10pm

Business & Finance

It’s Official! LG to shutdown mobile phone business worldwide

“The wind down of the mobile phone business is expected to be completed by July 31 although inventory of some existing models may still be available after that,” the company said.

Published 05 Apr, 2021 02:15pm

Business & Finance

Withdrawal of tax exemptions to take toll on trade & industry, say experts

The government has withdrawn a wide range of income tax exemptions to the emerging sectors and industries including IT sector; exemption on profit and gains derived by LNG terminal operators and terminal owners and exemption available to the Pakistan Mortgage Refinance Company under the Tax Laws (Second Amendment) Ordinance, 2021.

Published 05 Apr, 2021 01:38pm

Technology

Facebook gives users more control over comments on public posts

“By adjusting your commenting audience, you can further control how you want to invite conversation onto your public posts and limit potentially unwanted interactions," said the platform.

Updated 05 Apr, 2021 12:39pm

Business & Finance

Approached IMF due to weak economic conditions, says Baqir

He said SBP will implement those policies which benefit the economy of Pakistan.

Published 05 Apr, 2021 10:42am

Business & Finance

Pakistan’s Trade Deficit balloons over $ 20bn in 9MFY21

According to data released by the Pakistan Bureau of Statistics (PBS), the trade deficit for the month of March 2021 was recorded at $ 3.271bn, showing a month-on-month increase of 28.02 percent as compared to a deficit of $2.555bn recorded in February 2021.

Published 03 Apr, 2021 01:39pm

Technology

What will iPhone 13 look like?

According to experts, in 2021, four models of iPhone 13 will be launched namely; iPhone 13 Pro, iPhone 13 Pro Max, iPhone 13, and iPhone 13 mini.

Published 03 Apr, 2021 12:45pm

Technology

Pakistan’s Mobile Broadband subscribers cross 100mn mark

It informed that broadband is provided over 3G/4G networks with an average download speed of 17.7 Mbps and upload speed of 11.3 Mbps (mobile) which is above the speed levels in other regional countries.

Published 03 Apr, 2021 11:35am

Business & Finance

Private Sector Wheat procurement: SBP amends instructions

Banks are required to strictly fulfill the conditions for extending financing to eligible borrowers, which should be licensed and functional flour mills duly evidenced by some documentation or licensed wheat traders registered with the concerned authority/department.

Published 03 Apr, 2021 11:03am

Technology

USF awards Rs 2.07bn contract to Ufone, for providing High Speed Mobile Broadband

The Ministry of IT and Telecommunication through USF has contracted various development projects worth approximately PKR 7 Billion to provide High-Speed Mobile Broadband services in districts of Chagai, Noshki, Bolan, Mastung, Panjgur, Gwadar, Ziarat, Jaffarabad and Pishin.

Published 02 Apr, 2021 04:58pm

Business & Finance

No plan to privatize PIA assets, Sarwar informs NA

He said routes that were bearing loss have been closed and flights on profitable routes have been added which has resulted in a reduction of losses.

Published 02 Apr, 2021 02:10pm

Markets

PSX inks agreement to launch E-IPO System

8 The E-IPO system will electronically connect investors, share registrars with brokers / TRE Certificate holders, banks via 1LINK, and the shares custodial company, Central Depository Company (CDC) on a real-time basis with a simplified end-to-end customer experience.

Published 02 Apr, 2021 12:05pm

Business & Finance

Pakistan's Organic Meat Company gets approval to Export beef to China

“This process will enable us to access more markets for value-added meat products,” the company added.

Published 02 Apr, 2021 11:35am

Business & Finance

Deposits in Roshan Digital Accounts cross $ 800mn mark: SBP

Inflows have been accelerating every month since the RDA launch in September 2020.

Published 02 Apr, 2021 11:13am

Business & Finance

Pakistan's Searle announces agreement with China’s Livzon for COVID-19 vaccine

As per Searle, the license agreement also covers the manufacturing transition of the V-01 vaccine in Pakistan.

Updated 01 Apr, 2021 04:49pm

Business & Finance

Federal Cabinet rejects summary of sugar & cotton import from India

After the rejection of the summary by the cabinet, the Prime Minister directed the concerned authorities to intensify efforts to import sugar and cotton from other countries at reasonable prices.

Published 01 Apr, 2021 03:39pm

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

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