News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Despite COVID-19, Pakistan economy moving in the right direction, says PM

The premier was of the view that unless the rupee strengthens, the economy will not strengthen because when the currency falls, so does investment.

Updated 18 Feb, 2021 04:58pm

Business & Finance

Baqir expects more milestones as Roshan Digital Accounts achieve $500mn target

“It is a great day for us as the State Bank of Pakistan (SBP) Roshan Digital Accounts have achieved the milestone of $500 million,” said Baqir in a ceremony on Thursday, while thanking the Prime Minister for the premier’s vision alongside lauding the Overseas Pakistanis as well.

Updated 18 Feb, 2021 12:51pm

Business & Finance

Pakistan, Egypt agree to bolster economic ties

Both the Foreign Ministers discussed the matters of mutual interest including the ways and means to enhance bilateral cooperation in different sectors.

Published 18 Feb, 2021 11:08am

Business & Finance

Govt says debt servicing loans remains major fiscal challenge

It was further stated that the provincial surplus of Rs. 255 billion reflects healthy fiscal position of the provinces. The whole scenario transpires better fiscal management.

Published 18 Feb, 2021 10:24am

Business & Finance

Czech companies to visit Pakistan, explore opportunities in power sector

Federal Minister for Energy Omar Ayub Khan has said the government is pursuing robust policies to revamp the petroleum and power sectors of the country.

Published 17 Feb, 2021 03:10pm

Business & Finance

KOHC to set up cement manufacturing plant in Punjab

The cement manufacturer, which produces and sells cement also informed that alongside a cement plant it would also install two power plants i.e. 8-10 megawatt Waste Heat Recovery plant and a 25 MW coal-fired power plant in Khushab Punjab.

Published 17 Feb, 2021 02:04pm

Business & Finance

Egyptian companies keen to invest in Pakistan’s construction, energy sectors

reign Minister Shah Mahmood Qureshi is on a two-day visit to Egypt, the visit is part of Pakistan’s desire to strengthen its ‘economic diplomacy footprint.’

Published 17 Feb, 2021 12:32pm

Business & Finance

IMF deal would attract foreign investment in Pakistan, says Shaikh

The finance minister was of the view that the latest agreement would make Pakistan an attractive destination for international investors and gobal capital markets.

Updated 17 Feb, 2021 04:00pm

Technology

How COVID-19 impacted the Pakistanis search in 2020?

As per the report, Google's search for 'gender equality' by Pakistanis has increased by 40pc in 2020.
The impact of the Corona outbreak on mental health and other psychological issues has led to a 100pc increase in the search for mental health information.

Published 17 Feb, 2021 10:57am

Business & Finance

SBP initiates foreign exchange digitization

Mohammad Ashraf Khan, Managing Director, SBP Banking Services Corporation, said that the payment would be transparent and online.

Published 17 Feb, 2021 10:24am

Technology

PSEB achieves Level 4 in E-Office Implementation

Developed by National Information Technology Board (NITB), the E-Office suite is the automation of core businesses of the government.

Published 16 Feb, 2021 04:05pm

Business & Finance

Govt releases over Rs 476bn under PSDP projects

The total PSDP allocation for ERRA for the year 2020-21 is Rs1.5 billion.

Published 16 Feb, 2021 03:16pm

Technology

Indian hackers spying on Pakistanis using Android malware

The security company Lookout said in a report that two Android malwares, Sunbird and Hornbill, were involved in spying on Pakistani citizens and Indian Muslims.

Published 16 Feb, 2021 11:38am

Technology

Pakistan’s farming solution provider secures funding

The fresh investment will be used by the company to promote its product development and roll-out the first generation of its IoT based intelligent system

Published 16 Feb, 2021 11:00am

Business & Finance

Make-in-Pakistan Policy showing results, says Dawood as LSMI improves

The advisor was of the view that the growth in the industrial output will not only lead to job creation but it will also contribute to increase in our exports.

Published 16 Feb, 2021 10:23am

Technology

PTA receives ISO 9001:2015 certification

ISO 9001:2015 is an internationally recognized standard of consistency and competency using robust quality management systems designed to encourage continuous improvement and enhance customer satisfaction.

Published 15 Feb, 2021 03:51pm

Business & Finance

Govt express satisfaction over multi-billion dollar foreign-funded projects in KP

These thirty projects are being implemented with help of development partners like World Bank, Asian Development Bank, USAID, China, UK, Saudi Fund, Germany, and France.

Published 15 Feb, 2021 03:12pm

Business & Finance

SBP setting up one window portal, informs Kamil

Talking to a private channel, SBP Deputy Governor said that one window portal would be set up soon for the convenience of the people.

Published 15 Feb, 2021 01:40pm

Business & Finance

Pakistan cement manufacturer installs 7.5MW WHRPP to save costs

The company on Monday announced that it has successfully completed the installation and commissioning of a 7.5-megawatt Waste Heat Recovery Power Plant (WHRPP) at its site in Mangowal, district Khushab.

Published 15 Feb, 2021 12:03pm

Business & Finance

Improvement in EODB rankings boost cos registration in Pakistan, says Dawood

“When compared to 2018, companies registration increased by 54pc in 2020. In January 2021, a total of 2,201 companies were registered with SECP which is up by 12pc as compared to the previous month,” he said.

Published 15 Feb, 2021 11:00am

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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