News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Pakistan's cement maker signs deal with Chinese supplier to enhance capacity

The equipment will be used for dry process clinker production line-4 of 7000 metric tons per day grey clinker, through a brownfield expansion project, said the company.

Published 24 Mar, 2021 04:06pm

Technology

You can now purchase a Tesla with Bitcoin

“Tesla is using only internal and open source software and operates Bitcoin nodes directly. Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency,” added Musk.

Updated 24 Mar, 2021 02:56pm

Business & Finance

Concerns raise over Private sector import of COVID-19 vaccines in Pakistan

“This anomaly of vaccine cost at more than 150% higher than the international market price is another serious issue of overcharging,” pointed out the letter.

Published 24 Mar, 2021 12:47pm

Business & Finance

NPF ratio of Islamic Banking remains well below overall banking industry: SBP

During the quarter under review (October-December 2020), the asset base of Islamic Banking Industry (IBI) grew by 12.1 percent (Rs. 461 billion) and reached Rs. 4,269 billion.

Updated 24 Mar, 2021 01:13pm

Business & Finance

CPEC to bring socio-economic & industrial transformation, says BOI

He stated that the SDGs Academy is doing a wonderful job in enhancing Pakistan’s business ties.

Published 24 Mar, 2021 11:28am

Business & Finance

Demand for face masks rise amid third COVID-19 wave

In a tweet, Minister for Planning and Development Asad Umar said that during the meeting today, NCOC decided to increase restrictions of activities contributing to a sharp increase in coronavirus positivity.

Published 24 Mar, 2021 11:04am

Business & Finance

Pakistan LNG seeks bids to import 8 cargoes

As per details, bids are invited from reputed international suppliers for the supply of eight LNG cargoes on a Delivered Ex-Ship (DES) basis at Port Qasim Karachi Pakistan.

Published 23 Mar, 2021 03:53pm

Technology

Telecom giant VEON acquires Pakistani operator Jazz for $273mn

The transaction gives VEON full ownership of Jazz.

Published 23 Mar, 2021 01:40pm

Business & Finance

Demand for solar modules rise as Pakistan moves towards renewable energy

Pakistan had a total power generation capacity of 38,719MW as of 30 June 2020, solar PV accounts for 530MW, holding a share of 1.36% of total power generation capacity in the country.

Published 23 Mar, 2021 01:13pm

Business & Finance

Pakistani investors aim to expand footprint in Saudi Vision 2030

The investors want to use their assets and savings based in Pakistani as collateral to get financing for the projects.

Published 23 Mar, 2021 12:24pm

Technology

Facebook to initiate projects in Pakistan: Bangash

“We should support platforms such as Google, YouTube, Facebook as a majority of our youth is connected to them,” he said.

Published 23 Mar, 2021 11:48am

Markets

PSX ends opening day in green territory, KSE-100 Index gains over 500 pts

Meanwhile, the KMI 30 index gained 1,295.15 pts closing at 75,111.70. While the KSE All Share index managed to gather 331.12 pts ending day at 31,081.32.

Published 22 Mar, 2021 04:41pm

Business & Finance

Pakistan needs to pump more funds, speed up COVID vaccination process: PIDE

“The federal government has allocated Rs. 25 billion for the procurement of the COVID-19 vaccine but much more is needed,” the report said.
The report also called for the local pharmaceutical industry to gear up for the homegrown production of a COVID-19 vaccine

Published 22 Mar, 2021 03:39pm

Business & Finance

Procurement of Wheat: SBP issues instructions for banks

Special efforts shall be made to ensure that the facilities availed for purposes other than wheat procurement are not utilized for financing of wheat stocks, it said.

Published 22 Mar, 2021 01:35pm

Business & Finance

UAE approves Remote Work Visa to attract foreigners

The new scheme aims to boost the competitiveness of the UAE’s tourism sector and support the UAE economy.

Published 22 Mar, 2021 12:18pm

Markets

Turkish lira plunges 14pc after Central Bank governor sacked

Aqbal is the third person to hold the post of central bank governor in the last two years.

Published 22 Mar, 2021 11:29am

Business & Finance

Govt to ensure wheat supply, after MSP fixed at Rs1,800

Fixing the wheat support price at 1,800 rupees per forty kilogram is reflective of Prime Minister Imran Khan's pro-farmer policy, says Faraz.

Published 20 Mar, 2021 04:34pm

Business & Finance

Kuwait assures to increase Pakistani workforce presence

"He assured me of increased participation of Pakistani skilled workforce in various sectors in Kuwait in coming times,” tweeted Bukhari.

Published 20 Mar, 2021 02:00pm

Business & Finance

Economic growth forecast raised amid robust industrial growth, says Hammad

While still modest, at around 3 percent, growth in FY21 is now projected to be higher than previously anticipated due to improved prospects for manufacturing and reflecting in part the monetary and fiscal stimulus provided during Covid, stated MPC.

Published 20 Mar, 2021 01:11pm

Business & Finance

SBP removes cash margin on Lyophilisers import, to boost COVID vaccination

“This will contribute favourably to our vaccination drive as Lyophilisers are used for stabilisation of vaccines,” said Dawood.

Published 20 Mar, 2021 12:17pm

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%)
Sana Ind / Jan 31 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
Dandot Cement / Jan 31 Dandot Cement Company Limited(DNCC)	16.48 ▲ 1.5 (10.01%)
Leather Up Ltd. / Jan 31 Leather Up Limited(LEUL)	53.74 ▲ 4.89 (10.01%)
Saritow Spinning / Jan 31 Saritow Spinning Mills Limited(SSML)	17.92 ▲ 1.63 (10.01%)
Redco Textile / Jan 31 Redco Textiles Limited(REDCO)	24.17 ▲ 2.2 (10.01%)
Sanghar Sugar / Jan 31 Sanghar Sugar Mills Limited(SANSM)	37.14 ▲ 3.38 (10.01%)

Stock	Price
Blue-Ex Ltd / Jan 31 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-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%)
Pakgen Power / Jan 31 Pakgen Power Limited(PKGP)	102.01 ▼ -7.99 (-7.26%)
Olympia Mills / Jan 31 Olympia Mills Limited(OML)	33.99 ▼ -2.57 (-7.03%)

Stock	Volume
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	53,217,874 ▲ 0.12
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -1.21
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 ▲ 0.08
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 ▼ -0.03
Citi Pharma Ltd / Jan 31 Citi Pharma Ltd.(CPHL)	15,022,230 ▲ 1.63
B.O.Punjab / Jan 31 The Bank of Punjab(BOP)	14,824,184 ▲ 0.2
Pak Refinery / Jan 31 Pakistan Refinery Limited(PRL)	13,546,320 ▲ 0.6

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