News stories for Ali Ahmed - Business Recorder

Ali Ahmed

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

Business & Finance

Pakistan expects decision based on merit as FATF meets today

Chaudhri informed that Pakistan has been fully committed in implementing the remaining points.

Published 22 Feb, 2021 11:48am

Business & Finance

Aiming to enhance presence, dozens of Pakistani Cos participate at Gulfood 2021

HE Ahmed Amjad Ali, Consul General of Pakistan said that Pakistani companies offering wide variety of products in food and beverages are participating in the event.

Published 22 Feb, 2021 10:54am

Business & Finance

KPT handle 2.5mn tonnes of wheat in 4 months

Wheat cargo was handled in an environmentally friendly manner. According to the spokesperson, KPT became the first Pakistani port to handle such a large quantity in an environmentally friendly manner.

Published 22 Feb, 2021 10:33am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 27	277.03
USD PKR Interbank Buying / Nov 27	277.83
USD to Japanese Yen / Nov 27	151.96
USD to Swiss Franc / Nov 27	0.88
Pound Sterling to USD / Nov 27	1.26
Euro to USD / Nov 27	1.05

Stock	Volume
S&P 500 / Nov 26	6,021.63
Nasdaq / Nov 26	19,175.58
Dow Jones / Nov 26	44,860.31
India Sensex / Nov 27	80,416.35
Tokyo Nikkei / Nov 27	38,134.97
Hang Seng / Nov 27	19,595.16
FTSE 100 / Nov 27	8,261.85
Germany DAX 30 / Nov 27	19,236.54

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 26	17,685
Gold 10 Grams PKR / Nov 26	239,716
Petrol/Litre / Nov 27	248.38
Crude Oil USD/Barrel / Nov 27	69.12
Gold Spot USD/Ounce / Nov 27	2,647.32
Diesel/Litre / Nov 27	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 27 786 Investments Limited(786)	6.48 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 27 Al-Abbas Sugar Mills Limited(AABS)	610.84 ▼ 0.00 (0.00%)
Agro Allianz / Nov 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 27 Ali Asghar Textile Mills Limited(AATM)	68.52 ▼ 0.00 (0.00%)
Allied Bank / Nov 27 Allied Bank Limited(ABL)	125.50 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 27 Abbott Laboratories (Pakistan) Limited(ABOT)	917.87 ▼ 0.00 (0.00%)
Abson Ind. / Nov 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 27 Alfalah Consumer Index ETF.(ACIETF)	11.82 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 27 786 Investments Limited(786)	6.48 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 27 Al-Abbas Sugar Mills Limited(AABS)	610.84 ▲ 0.00 (0.00%)
Agro Allianz / Nov 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 27 Ali Asghar Textile Mills Limited(AATM)	68.52 ▲ 0.00 (0.00%)
Allied Bank / Nov 27 Allied Bank Limited(ABL)	125.50 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 27 Abbott Laboratories (Pakistan) Limited(ABOT)	917.87 ▲ 0.00 (0.00%)
Abson Ind. / Nov 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 27 Alfalah Consumer Index ETF.(ACIETF)	11.82 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 27 K-Electric Limited(KEL)	101,636,133 ▲ 0.00
B.O.Punjab / Nov 27 The Bank of Punjab(BOP)	92,023,190 ▲ 0.00
Hascol Petrol / Nov 27 Hascol Petroleum Limited(HASCOL)	73,320,431 ▲ 0.00
Fauji Foods Ltd / Nov 27 Fauji Foods Limited(FFL)	54,116,789 ▲ 0.00
Sui South Gas / Nov 27 Sui Southern Gas Company Limited(SSGC)	54,088,119 ▲ 0.00
Treet Battery / Nov 27 Treet Battery Limited(TBL)	49,797,748 ▲ 0.00
Pace (Pak) Ltd. / Nov 27 Pace (Pakistan) Limited(PACE)	47,465,434 ▲ 0.00
WorldCall Telecom / Nov 27 Worldcall Telecom Limited(WTL)	44,206,223 ▲ 0.00
Cnergyico PK / Nov 27 Cnergyico PK Limited(CNERGY)	34,058,498 ▲ 0.00

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