News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Pakistan's Exports cross US$ 2.3bn mark in March

“This is also the first time since 2011 that exports have crossed the $ 2 billion mark for six consecutive months,” said Dawood.

Published 01 Apr, 2021 12:23pm

Business & Finance

PM Khan lauds FBR after ‘historic’ double-digit growth

The prime minister was of the view that the growth is clear signs of the broad-based economic recovery that has resulted from government policies.

Published 01 Apr, 2021 11:39am

Markets

Pakistani Rupee emerges as world’s best currency of 2021

“It’s good to celebrate but equally concern to maintain the competitiveness. I’m on for gradual changes than abrupt,” Aslam added in his tweet post.

Published 01 Apr, 2021 10:53am

Technology

Be careful users, a new tactic to hack WhatsApp account making rounds

It is reported that WhatsApp is not sending any messages regarding the renewal of your account.

Published 01 Apr, 2021 10:22am

Business & Finance

ECC allows Sugar, Cotton import from India

He said that the private sector could import up to 500,000 metric tons of sugar from India.
Hammad Azhar said that they have decided to reduce the prices of petrol and diesel by Rs 1. 50 and Rs 3 per litre, respectively.
On the proposal of the Ministry of Commerce, the ECC has decided to allow cotton import from India as well, which will benefit our SMEs, said Azhar.

Updated 31 Mar, 2021 05:08pm

Business & Finance

Shanghai Electric submits fresh PAI to acquire K-Electric shares

On Tuesday, it was learned K-Electric has received “withdrawal” of Public Announcement of Intention (PAI) for the acquisition of up to 66.40pc voting shares of K-Electric Limited by Shanghai Electric Power Company Limited.

Published 31 Mar, 2021 02:55pm

Markets

Pakistani Rupee continues to appreciate against US Dollar

The PKR opened the trading day at 153.100 against USD, it dropped to the day low of 151.200 before it rebounded.

Updated 31 Mar, 2021 07:57pm

Business & Finance

Investors show 'great confidence' in Pakistan says Azhar, after successful bond deal

Pakistan launched a three-tranche bond deal on Tuesday to raise $2.5 billion comprising tranches of five, 10, and 30 years for which it received over $5.3 billion in combined orders, a document showed, in its first international bond sale since late 2017.

Published 31 Mar, 2021 11:46am

Business & Finance

ECC to review sugar, cotton imports from India

As per details, a 21-point agenda will be considered in the meeting, a summary of permission to import cotton from India will be presented while a summary of sugar import will also be submitted for approval.

Updated 31 Mar, 2021 11:58am

Business & Finance

Inland Revenue seize Illicit cigarettes worth over Rs 5mn

Proceedings are underway to curb the illicit trade in cigarettes as per the special instructions of the Prime Minister of Pakistan and Chairman FBR.

Published 31 Mar, 2021 10:44am

Markets

Dollar drops to two-year low against Pakistani Rupee

After a high of Rs 168.43 on August 20, the dollar has depreciated by Rs 15.23 so far.
As per local media reports, the trading session of the second day of the business week today, the dollar lost 95 paise in the interbank market as the dollar dropped to Rs 153.20 at closing.

Updated 30 Mar, 2021 04:01pm

Business & Finance

ADB approves $300mn Loan for Hydropower Plant in Pakistan

The government will invest $175 million in the project. It has also requested a $280 million loan in project cofinancing from the Asian Infrastructure Investment Bank.

Published 30 Mar, 2021 01:57pm

Business & Finance

Fitch Ratings assigns 'B-' rating to Pakistan's proposed foreign-currency bonds

As per Fitch Ratings, the rating is in line with Pakistan's Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'B-' with a stable outlook.

Published 30 Mar, 2021 01:40pm

Business & Finance

Tabish Gauhar becomes SAPM on Power & Petroleum amid Nadeem Babar removal

"The Prime Minister has been pleased to re-designate, Mr. Tabish Gauhar, Special Assistant to the Prime Minister on Power as Special Assistant to the Prime Minister on Power and Petroleum, on honorary basis, with immediate effect.”

Published 30 Mar, 2021 12:10pm

Business & Finance

Notification issued: Hammad Azhar appointed as Finance Minister

“In exercise of the powers conferred by clause (3) of Article 92 of the Constitution of the Islamic Republic of Pakistan, the President, on the advice of the Prime Minister, has been pleased to approve the removal of Dr. Abdul Hafeez Shaikh as Federal Minister, with immediate effect,” read the notification.

Published 30 Mar, 2021 11:55am

Business & Finance

Incoming Finance Minister vows to protect against COVID shocks

“The world is witnessing supply chain disruptions and rise in food prices. We shall endeavor to protect our people from these shocks,” added Azhar.

Updated 30 Mar, 2021 12:00pm

Pakistan

Provinces need no ‘NOC’ from centre to import registered COVID-19 vaccines

“At the same time, there is no "NOC" requirement (or any NOC pending) or bar for any provincial government to procure any registered vaccine if they are able to,” he stated.

Published 30 Mar, 2021 10:37am

Markets

PSX witness bloodbath as COVID fears rattle investors

The indices slipped lower from the start of the day, as the benchmark KSE 100 index lost 1,206.20 pts to an intraday low of 44,315.43. It ended with a loss of 1,089.83 pts at 44,431.80 below the 45,000 mark.

Published 29 Mar, 2021 05:11pm

Business & Finance

PM Khan calls to take all steps through cross-border import of cotton yarn

The advisor informed that a summary will be presented at the next Economic Coordination Committee (ECC) meeting to ensure the availability of cotton and yarn in the coming months.

Published 29 Mar, 2021 04:38pm

Business & Finance

Ease down in Indo-Pak tensions to benefit Chemical, Cement sector, says analyst

“Improving trade prospects is beneficial particularly for cement, chemicals, pharma, and textiles in our view,” stated the report.

Published 29 Mar, 2021 03:13pm

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%)
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%)
Dandot Cement / Jan 31 Dandot Cement Company Limited(DNCC)	16.48 ▲ 1.5 (10.01%)
Sanghar Sugar / Jan 31 Sanghar Sugar Mills Limited(SANSM)	37.14 ▲ 3.38 (10.01%)
Redco Textile / Jan 31 Redco Textiles Limited(REDCO)	24.17 ▲ 2.2 (10.01%)
Saritow Spinning / Jan 31 Saritow Spinning Mills Limited(SSML)	17.92 ▲ 1.63 (10.01%)
Leather Up Ltd. / Jan 31 Leather Up Limited(LEUL)	53.74 ▲ 4.89 (10.01%)

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%)
D.M. Textile / Jan 31 D.M. Textile Mills Limited(DMTX)	63 ▼ -7 (-10%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	40.82 ▼ -4.53 (-9.99%)
Zahid Jee Textile / Jan 31 Zahidjee Textile Mills Limited(ZAHID)	27.11 ▼ -2.89 (-9.63%)
Popular Islamic / Jan 31 Popular Islamic Modaraba(PIM)	11.36 ▼ -1.18 (-9.41%)
Jubilee Spinning / Jan 31 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	10.15 ▼ -0.92 (-8.31%)
F.Credit & Inv / Jan 31 First Credit and Investment Bank Limited(FCIBL)	7.28 ▼ -0.66 (-8.31%)
ZIL Limited / Jan 31 ZIL Limited(ZIL)	216.12 ▼ -17.36 (-7.44%)

Stock	Volume
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	51,396,408 ▲ 0.11
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -0.62
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.44
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.08
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	20,556,244 ▼ -0.02
K-Electric Ltd. / Jan 31 K-Electric Limited(KEL)	16,969,744 ▼ -0.02
Citi Pharma Ltd / Jan 31 Citi Pharma Ltd.(CPHL)	15,022,230 ▲ 1.95
B.O.Punjab / Jan 31 The Bank of Punjab(BOP)	14,618,534 ▲ 0.21
Hascol Petrol / Jan 31 Hascol Petroleum Limited(HASCOL)	13,297,950 ▼ -0.02

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