News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

SBP amends clauses to facilitate Housing Finance & Capital Market

The SBP has also allowed banks/DFIs to use their names with their own SPVs in compliance with applicable laws, however, banks/DFIs’ names shall not be used in the RMBS/CMBS issued by such SPVs.

Published 25 Feb, 2021 02:22pm

Technology

Pakistan’s IoT to power Mr. Mahir‘s Handyman Marketplace

Following the partnership, TPL Trakker’s Location Based Service (LBS) APIs will power Mr. Mahir’s handyman services platform.

Published 25 Feb, 2021 01:01pm

Business & Finance

Moody’s term Pakistani banks strong growth despite pandemic ‘a credit positive’

For 2021 Moody's expects profitability to remain at 2020 levels mainly because of a squeeze in net interest margins after the interest rate cuts.

Published 25 Feb, 2021 11:42am

Business & Finance

Govt to release Rs 5.5bn under DLTL payments for exporters

The advisor informed that the DLTL scheme includes Rs. 1,738 million for non-textiles sector and Rs. 3,762 million for textiles sector.

Published 25 Feb, 2021 11:02am

Business & Finance

SBP grants Exchange Companies Five days forward sale facility

As per the SBP, forward sale facility may be availed up to maximum five working days (including both transaction and settlement days).

Published 25 Feb, 2021 10:12am

Business & Finance

Moody’s expects Islamic banking to expand across South Asia post-pandemic

As per a new report by Moody's Investors Service, Islamic banks in South and Southeast Asia have sufficient capital and liquidity to meet increased demand for financing as economies recover from the pandemic, while young, growing populations and government efforts to develop the sector will support long-term growth.

Published 24 Feb, 2021 04:17pm

Business & Finance

Pakistan can play its role in diffusing US-China tensions: PM

On the Kashmir issue, PM Khan said that the Kashmir issue could be resolved only through dialogue.
PM Khan urged the business community of Sri Lanka to participate in the China Pakistan Economic Corridor (CPEC) project, which is a part of China’s Belt and Road Initiative (BRI).

Updated 24 Feb, 2021 07:38pm

Technology

WhatsApp warns users who don’t accept new policy won’t be able to text, call

The popular messaging platform has given customers a deadline of May 15.
Those who do not accept the policy will have their accounts deactivated for 120 days, after which they will be deleted.

Published 24 Feb, 2021 12:29pm

Business & Finance

Dawood urges Sri Lankan businesses to take advantage of opportunities in Pakistan

Highlighting the trade relations between the two countries since signing the Free Trade Agreement (FTA) back in 2005, the advisor was of the view that since then “our exports have doubled and are now around $400 million. This seems good, but I honestly feel not good enough it doesn't match the relationship that we have between our countries and I feel that it should be much better.”

Published 24 Feb, 2021 12:13pm

Business & Finance

Can IATA Travel Pass pave way for quarantine free travel?

“To re-open borders without quarantine and restart aviation governments need to be confident that they are effectively mitigating the risk of importing COVID-19. This means having accurate information on passengers’ COVID-19 health status,” states IATA on its website.

Published 24 Feb, 2021 10:45am

Business & Finance

Expert believes Omar Sheikh’s acquittal not to impact Pakistan’s status on FATF grey list

The analyst was of the view that that the question is whether Pakistan would remain on the gray list’ or be off it, as it won’t be blacklisted.

Published 24 Feb, 2021 10:07am

Business & Finance

NEPRA directs K-Electric to improve the system

Tauseef Farooqi, Chairman, NEPRA, heard a request from KE to increase the price of electricity by Rs 1.71 per unit.

Published 23 Feb, 2021 03:07pm

Business & Finance

Hammad optimistic top smartphone manufacturers to enter Pakistan soon

“Therefore I believe that in the coming years, smartphone and mobile phone manufacturing would become export commodities and an important part of the economy of Pakistan,” said Azhar.

Published 23 Feb, 2021 02:03pm

Technology

Pakistani startups launch Chikoo platform to boost digital presence of SMEs

Chikoo, a new ecommerce tool enables businesses to start selling online, through this partnership both companies will work together to co-market and co-sell the Chikoo platform to affiliates of both companies to help them get their store online in under 3 minutes.

Published 23 Feb, 2021 01:01pm

Business & Finance

Anticipating uptick in construction, Pakistan's cement manufacturer plans expansion

The company seeks to take advantage of the recent government-announced construction package, which aims to uplift the economic activity and aid the economy to recover during Covid-19.

Published 23 Feb, 2021 12:02pm

Business & Finance

5,340 MW of electricity added to grid under CPEC power projects

Out of a total of 22 projects, another eight are near completion and would pump in an additional 4,470 MW of electricity to the national grid.

Published 23 Feb, 2021 11:06am

Business & Finance

Ukrainian defense conglomerate signs $85mn contract with Pakistan

“We also discussed with the Pakistani side of new orders for delivery in the country Engine 6 TD1 and 6 TD2.”

Published 22 Feb, 2021 04:31pm

Business & Finance

Multi-billion projects earmarked for Gwadar development

The projects worth Rs 12.3 billion will be built in the Gwadar and Lasbela districts for socio-economic development of the people there.

Published 22 Feb, 2021 03:32pm

Business & Finance

Pakistan's FDI decline over 27pc in Jul-Jan FY21

The SBP's statistics revealed that FDI fell significantly by 12.27 percent or $27 million to $192.7 million in Jan 2021 compared to net inflow of $ 219.6 million investment in Jan 2020.

Published 22 Feb, 2021 01:33pm

Business & Finance

SBP directs banks to enable fully interoperable digital payment options

The repayment option shall be available on customers’ ADCs including internet and mobile banking on bill presentment/payment model.

Published 22 Feb, 2021 12:41pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 31	279.03
USD PKR Interbank Buying / Jan 31	278.88
USD to Japanese Yen / Jan 31	154.72
USD to Swiss Franc / Jan 31	0.91
Pound Sterling to USD / Jan 31	1.24
Euro to USD / Jan 31	1.04

Stock	Volume
S&P 500 / Jan 30	6,071.17
Nasdaq / Jan 30	19,681.75
Hang Seng / Jan 30	20,225.11
Dow Jones / Jan 30	44,882.13
Germany DAX 30 / Jan 30	21,727.20
France CAC40 / Jan 30	7,941.64
India Sensex / Jan 31	77,500.57
Tokyo Nikkei / Jan 31	39,572.49

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 30	18,285
Petrol/Litre / Jan 31	256.13
Crude Oil USD/Barrel / Jan 31	72.68
Gold 10 Grams PKR / Jan 31	250,171
Gold Spot USD/Ounce / Jan 31	2,793
Diesel/Litre / Jan 31	260.95

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%)
I.C.C. Ind. / Jan 31 ICC Industries Limited(ICCI)	15.72 ▲ 1.43 (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%)
Pak Leather / Jan 31 Pak Leather Crafts Limited(PAKL)	32.63 ▲ 2.97 (10.01%)
Dandot Cement / Jan 31 Dandot Cement Company Limited(DNCC)	16.48 ▲ 1.5 (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%)
First Imrooz Mod. / Jan 31 First Imrooz Modaraba(FIMM)	189 ▼ -21 (-10%)
Power Cem(Pref) / Jan 31 Power Cement (Pref)(POWERPS)	10.41 ▼ -1.15 (-9.95%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	40.84 ▼ -4.51 (-9.94%)
Sec. Inv. Bank / Jan 31 Security Investment Bank Limited(SIBL)	7.83 ▼ -0.76 (-8.85%)
Shahtaj Sugar / Jan 31 Shahtaj Sugar Mills Limited(SHJS)	109.56 ▼ -10.44 (-8.7%)
Kohinoor Mills / Jan 31 Kohinoor Mills Limited(KML)	31.05 ▼ -2.9 (-8.54%)
F.Credit & Inv / Jan 31 First Credit and Investment Bank Limited(FCIBL)	7.28 ▼ -0.66 (-8.31%)

Stock	Volume
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	66,672,997 ▲ 0.14
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -1.33
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	36,344,486 ▼ -0.06
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.77
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.04
B.O.Punjab / Jan 31 The Bank of Punjab(BOP)	17,873,860 ▲ 0.2
K-Electric Ltd. / Jan 31 K-Electric Limited(KEL)	16,969,744 ▼ -0.07
Pak Refinery / Jan 31 Pakistan Refinery Limited(PRL)	16,492,313 ▼ -0.57
Treet Battery / Jan 31 Treet Battery Limited(TBL)	15,390,342 ▲ 1.07

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