News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Pakistan

‘Negative investor perception’: venture capital association calls out internet suspension

The Venture Capital Association of Pakistan (VCAP), a platform aimed at facilitating startups, expressed its concern...

Updated 12 May, 2023 08:11pm

Markets

Political turmoil damaging Pakistan’s already battered economy

Analysts say ongoing political crisis and massive uncertainty driving concerns of default, further delay in IMF programme

Published 11 May, 2023 03:19pm

Perspectives

Pakistan’s inflation conundrum: out of the frying pan into the fire

SBP's monetary policy has proven to be an ineffective tool in curbing inflationary pressures, and has massively increased cost of doing business

Published 08 May, 2023 06:14pm

Markets

Indus Motor Company reports profit of Rs3.22bn for Jan-Mar, 37% lower YoY

However, on a quarter-to-quarter basis, company's earnings post substantial increase

Updated 26 Apr, 2023 06:01pm

Perspectives

Fuel subsidy: an unwanted gift?

The ongoing saga of Pakistan’s economic crisis continues to take sharp twists and turns each passing day as the...

Published 24 Mar, 2023 07:24pm

Business & Finance

MPC meeting on March 2: market expects 200bps hike in key policy rate

In a widely expected move, the State Bank of Pakistan (SBP) on Tuesday morning announced that its Monetary Policy...

Updated 28 Feb, 2023 04:59pm

Business & Finance

DHL Pakistan suspends 'Import Express Product' from March 15

Restrictions on outward remittances for foreign companies cited as reason

Published 27 Feb, 2023 07:11pm

Technology

Pakistan’s 'sustainable fashion' platform Swag Kicks raises $1.2mn seed funding

Swag Kicks, which calls itself a sustainable fashion platform for Millennials and Gen-Z Pakistanis, announced on...

Updated 16 Feb, 2023 04:18pm

Markets

Dollar released from Dar(kness): Pakistan moves to convince IMF

As the PKR endured its worst day in over two decades (in terms of percentage loss), many say this is a step towards reviving the stalled bailout programme

Updated 26 Jan, 2023 10:03pm

Markets

FCY: how did open market behave after Exchange Companies lifted the price cap

All eyes were on the open market of foreign currency on Wednesday after the Exchange Companies (ECs) lifted what...

Updated 26 Jan, 2023 03:57am

Perspectives

Summing up one of Pakistan's worst economic crisis

Pakistan’s economy is currently passing through one of its worst phases in history, as the cash-strapped country...

Updated 18 Jan, 2023 10:47am

Pakistan

Steel shortage in offing: Pakistan's construction sector under threat

Brokerage house says as per its checks local players will run out of steel raw material and become forcefully non-operational if no LCs are opened within the next 30 days

Published 17 Jan, 2023 04:29pm

Pakistan

Experts react as Pakistan manages to secure pledges of over $8.5bn in Geneva

During first plenary alone, Pakistan saw commitments of over the targeted amount

Updated 09 Jan, 2023 08:29pm

Pakistan

Bleak times ahead for Pakistan’s manufacturing sector

Expert says temporary shutdown seems to be the only available option at the moment

Updated 04 Jan, 2023 04:40pm

Perspectives

Make the tough choices: it is now or never

People are likely to come to terms with tough actions right now. Its the inaction that would be difficult to explain later

Published 02 Jan, 2023 04:20pm

Markets

Arif Habib Limited expects KSE-100's recovery in 2023

Despite a poor show in 2022, one of Pakistan’s prominent brokerage houses expects the benchmark KSE-100 Index to...

Updated 02 Jan, 2023 03:42pm

Markets

Pakistan's Rupee sees its worst year since 2008 meltdown

PKR lost 22% during 2022, depreciating from 176.51 to 226.43 against the US dollar in the inter-bank market

Updated 01 Jan, 2023 01:19pm

Markets

Asset classes and their performance in Pakistan: all that glittered in 2022 was gold

USD-denominated Naya Pakistan Certificates and US dollar were placed second and third, respectively

Published 27 Dec, 2022 05:24pm

Pakistan

Pakistan would need another IMF programme post elections: report

Brokerage house AHL also expects rupee-dollar parity to hit 263 by end of 2023

Updated 22 Dec, 2022 04:53pm

Markets

As Pakistan reels from dollar shortage, customers lured towards 'grey' market premiums

Inter-bank and open-market rates have only become wider in recent days

Published 16 Dec, 2022 07:06pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 28	278.92
USD PKR Interbank Buying / Jan 28	278.72
USD to Japanese Yen / Jan 28	155.53
USD to Swiss Franc / Jan 28	0.90
Pound Sterling to USD / Jan 28	1.25
Euro to USD / Jan 28	1.04

Stock	Volume
S&P 500 / Jan 27	6,012.28
Nasdaq / Jan 27	19,341.84
Dow Jones / Jan 27	44,713.58
India Sensex / Jan 28	76,094.74
Tokyo Nikkei / Jan 28	39,027.98
Hang Seng / Jan 28	20,225.11
FTSE 100 / Jan 28	8,540.25
Germany DAX 30 / Jan 28	21,333.78

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 27	18,485
Gold 10 Grams PKR / Jan 27	247,856
Crude Oil USD/Barrel / Jan 28	73.47
Gold Spot USD/Ounce / Jan 28	2,742.12
Cotton US¢/pound / Jan 28	67.09
Petrol/Litre / Jan 29	256.13

Gainers
Losers
Leaders

Stock	Price
First Elite Cap.Mod / Jan 28 First Elite Capital Modaraba(FECM)	6.97 ▲ 0.67 (10.63%)
Sanghar Sugar / Jan 28 Sanghar Sugar Mills Limited(SANSM)	27.90 ▲ 2.54 (10.02%)
Dewan Motors / Jan 28 Dewan Farooque Motors Limited(DFML)	47.52 ▲ 4.32 (10%)
Agritech Non-voting / Jan 28 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.2 (10%)
Citi Pharma Ltd / Jan 28 Citi Pharma Ltd.(CPHL)	94.15 ▲ 8.56 (10%)
Faran Sugar / Jan 28 Faran Sugar Mills Limited(FRSM)	51.70 ▲ 4.7 (10%)
Leather Up Ltd. / Jan 28 Leather Up Limited(LEUL)	40.37 ▲ 3.67 (10%)
Mehran Sugar / Jan 28 Mehran Sugar Mills Limited(MRNS)	50.60 ▲ 4.6 (10%)
Shahtaj Sugar / Jan 28 Shahtaj Sugar Mills Limited(SHJS)	124.94 ▲ 11.35 (9.99%)

Stock	Price
Chenab Ltd (Pref) / Jan 28 Chenab Limited (Pref)(CLCPS)	3.40 ▼ -0.51 (-13.04%)
B. F. Mod. / Jan 28 B.F. Modaraba(BFMOD)	7.39 ▼ -1 (-11.92%)
Grays Leasing / Jan 28 Grays Leasing Limited(GRYL)	4.71 ▼ -0.59 (-11.13%)
Dewan Textile / Jan 28 Dewan Textile Mills Limited(DWTM)	7 ▼ -0.85 (-10.83%)
East West Ins. / Jan 28 East West Insurance Company Limited(EWIC)	51.56 ▼ -5.73 (-10%)
National Silk / Jan 28 The National Silk & Rayon Mills Limited(NSRM)	49.40 ▼ -5.37 (-9.8%)
Masood Textile / Jan 28 Masood Textile Mills Limited(MSOT)	51.51 ▼ -5.59 (-9.79%)
Suhail Jute / Jan 28 Suhail Jute Mills Limited(SUHJ)	89.88 ▼ -9.31 (-9.39%)
Chakwal Spinning / Jan 28 Chakwal Spinning Mills Limited(CWSM)	54 ▼ -5.07 (-8.58%)

Stock	Volume
WorldCall Telecom / Jan 28 Worldcall Telecom Limited(WTL)	67,565,578 ▼ -0.04
Sui South Gas / Jan 28 Sui Southern Gas Company Limited(SSGC)	51,651,701 ▼ -1.18
Cnergyico PK / Jan 28 Cnergyico PK Limited(CNERGY)	50,683,570 ▼ -0.24
Fauji Foods Ltd / Jan 28 Fauji Foods Limited(FFL)	26,333,106 ▼ -0.66
Citi Pharma Ltd / Jan 28 Citi Pharma Ltd.(CPHL)	26,034,484 ▲ 8.56
Pak Elektron / Jan 28 Pak Elektron Limited(PAEL)	22,790,060 ▼ -0.34
Fauji Cement / Jan 28 Fauji Cement Company Limited(FCCL)	18,681,185 ▼ -0.93
P.T.C.L. / Jan 28 Pakistan Telecommunication Company Ltd(PTC)	18,282,383 ▼ -0.43
K-Electric Ltd. / Jan 28 K-Electric Limited(KEL)	17,691,845 ▼ -0.06

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