News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Pakistan's Sputnik-V vaccine distributor denies agreement with diagnostic centre

“It is hereby clarified that AGP Limited, so far has not entered into a supply agreement with any hospital or Diagnostic Centre (including the Diagnostic Centre in question) for the supply of Sputnik-V vaccine either directly or indirectly in Pakistan,” said the company.

Updated 15 Feb, 2021 01:03pm

Business & Finance

Pakistan’s Workers Remittances exceeded $2bn in Jan 2021

The growth in remittances recorded an increase of 19 percent over January 2020. However, remittances remained slightly lower from December 2020 level of $2.4 billion.

Updated 16 Feb, 2021 09:40am

Business & Finance

FBR aims to generate billions in tax revenue with VAS installation

FBR issued evaluation criteria for selection of one vendor to install the video-analytics solution across all manufacturers of sugar in Pakistan.

Published 13 Feb, 2021 04:18pm

Business & Finance

Despite shortfall, Pakistan not to import duty-free cotton from India

The country was currently facing one million bales shortfall due to low production that year, he said.

Published 13 Feb, 2021 03:17pm

Business & Finance

Pakistan’s Indus Delta Region boost huge Oil& Gas reserves says Naval Chief

“Third survey is expected this year, which is likely to pave the way for drilling and subsequent extraction of the hydrocarbons,” he said

Published 13 Feb, 2021 01:43pm

Business & Finance

Mercantile Stock Exchange trading platform to become operational soon

The advisor informed that the platform will open up new export opportunities for commodities via online selling globally by providing complete services including logistics as Global Commodities Trading Platform.

Published 13 Feb, 2021 11:40am

Business & Finance

Packages Limited mulls to grab further stake of Tri-Pack

“As per JV agreement between the parties, the company has first right of refusal to purchase the entire shareholding of Mitsubishi Corporation,” stated Packages Limited.

Published 13 Feb, 2021 10:45am

Business & Finance

Pakistan’s eCommerce market witness double-digit growth: SBP

NIFT informed the meeting that it is in the process of developing a payment solution for cross border/international payments in collaboration with the SBP.

Published 12 Feb, 2021 03:36pm

Business & Finance

Porsche Pakistan says parent company attempting to 'bankrupt and discredit' it

Meanwhile, Porsche Pakistan stated that “Porsche AG has illegally, in our views, for over two years refuse to supply vehicles to Pakistani customers.”

Published 12 Feb, 2021 02:33pm

Business & Finance

ADB to assist Ministry of Commerce in E-Commerce Policy implementation

It was also noted that the new State Bank of Pakistan (SBP) policy will encourage brand acquisition & export of high-value products, informed Dawood.

Published 12 Feb, 2021 12:36pm

Business & Finance

PTA advises public against telecom equipment purchase without valid permission

PTA said that such devices pose risk to health, security and degrade quality of service.

Updated 12 Feb, 2021 11:50pm

Technology

Pakistani Tech Startup VINNCORP secures six figure initial investment

VINNCORP, established in November 2017 by two former batch mates of FAST Karachi, with a background experience in leading companies like Microsoft HQ, Salesforce HQ, VMware and Oracle

Published 12 Feb, 2021 10:59am

Technology

PTCL conducts successful 5G Trials

“PTCL Group is redefining reality with the successful 5G trial in a limited environment, aimed towards transforming the way we live, work and play,” stated the telecom.

Published 11 Feb, 2021 02:01pm

Business & Finance

Why do you have to pay Rs 2.50 for an ATM receipt?

“This initiative is part of a ‘Go-Green’ exercise to reduce litter and lower the cost of printed proceeds which are usually discarded immediately. In addition, sensitive customer information is left for others to peruse,” stated 1Link.

Published 11 Feb, 2021 01:02pm

Business & Finance

NEPRA approves another hike in electricity rates

As per details, NEPRA has approved an increase of Rs 0.83 per unit in electricity prices, but the increase will take effect after a notification is issued by the government.

Published 11 Feb, 2021 11:38am

Business & Finance

State Bank revised policy to boost Pakistani exporters presence abroad: PBC

“Under the revised policy exporters may invest up to 10% of average annual exports of last 3 years or $100,000, whichever is higher, to establish subsidiaries/branch offices abroad,” it added.

Published 11 Feb, 2021 11:04am

Business & Finance

Expert projects PSX earnings growth of around 20-25pc in FY21

“It is also providing very good opportunities for the issuance of the companies to raise capital from the capital markets,” added Habib.

Published 11 Feb, 2021 10:34am

Technology

Telenor to provide High Speed Mobile Broadband services in KP

Meanwhile, CEO USF, Haaris Mahmood Chaudhary said: “This project will benefit an unserved population of 0.7 Million in 648 unserved mauzas, thereby covering an unserved area of 18,212 sq. km. of Chitral, Upper Dir and Lower Dir districts.”

Published 10 Feb, 2021 03:31pm

Technology

Mondia to power Pakistan’s telco gaming platform

The dedicated gaming platform will be available as a web portal - countering barriers of legacy devices, as well as an app for smartphone users. Mondia will deploy the latest portal and application.

Published 10 Feb, 2021 02:08pm

Business & Finance

SBP says not directed banks to charge on ATM balance inquiry

This comes after reports made rounds that the central bank has directed banks to deduct Rs2.5 on each transaction or balance inquiry.

Published 10 Feb, 2021 01:20pm

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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