News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Searle rejects reports of installing Reckitt Benckiser manufacturing unit in Pakistan

It added that currently the company has not entered into any kind of contractual arrangement with Reckitt Benckiser.

Published 04 Feb, 2021 03:16pm

Business & Finance

Kuwait firm to invest in cattle breeding, solar and water projects in Sindh

“Our company would make direct investment and where necessary they would work on PPP mode,” the CEO Abdullah Al Mutairi said.

Published 04 Feb, 2021 01:52pm

Business & Finance

Oversees Pakistanis deposit over $420mn in Roshan Digital Accounts

“Fabulous response to these great initiatives by State Bank of Pakistan and Finance Ministry of Pakistan,” he added.

Published 04 Feb, 2021 12:46pm

Business & Finance

Fiscal Operations: Revenue stood at Rs 3,351bn in first half of financial year

According to the report, the revenue in July-December stood at Rs 3,351 billion and in the first half of the financial year, the revenue made up 7.4 percent of GDP.

Published 04 Feb, 2021 12:01pm

Business & Finance

Pakistani pharma aims to acquire Sandoz owned brands to enhance share

The company informed that the SPV we will acquire the brands through an optimal capital structure comprising equity and debt in the ratio of 30:70.

Published 04 Feb, 2021 11:16am

Business & Finance

Ghandhara Nissan announces to manufacture Chery passenger cars in Pakistan

In line with the government's initiative to implement EV Policy, the company will introduce its lineup of electric vehicles in Pakistan in the next 2-3 years.

Updated 04 Feb, 2021 04:51pm

Business & Finance

Pakistan’s steel manufacturer Goes Green to meet energy needs

ASIL has signed a contract with Renewable Power Private Limited for installing a 2.25 megawatt solar power project at its production facility located at Port Qasim Authority, Karachi.

Published 03 Feb, 2021 04:21pm

Business & Finance

FBR urges Taxpayers to resolve cases through ADRC

Even prior to launching of E-filing, disposal of cases have been surpassing the assigned targets as per the Performance Agreement.

Published 03 Feb, 2021 03:21pm

Business & Finance

Japan to witness entry of Pakistani IT engineers in near future

Cheema apprised the community members about measures taken to simplify the procedure of sending cars to Pakistan through gift scheme.

Published 03 Feb, 2021 01:29pm

Business & Finance

Jeff Bezos announces to step down as Amazon CEO

Starting of the business as an internet bookseller 27 years ago, Bezos Amazon is now one of the world’s most valuable companies and posted three consecutive record profits after losses in decades prior.

Published 03 Feb, 2021 12:50pm

Business & Finance

Double digit growth in OMCs volume sales continue

“We attribute continues uptick in HSD to government efforts in curbing HSD smuggling along with resumption of economic activities. Up till now, FBR has sealed 1556 retail outlets across the country from 2094 illegal retail outlets,” stated the report.

Published 03 Feb, 2021 12:21pm

Technology

TPL Trakker to Power Lahore based Ride Hailing Services

Following the partnership, TPL Trakker’s Location Based Service (LBS) APIs, will power B4U Cab’s Ride Hailing Mobile Apps for consumers and cab drivers.
The Lahore-based B4U Cabs aims to expand operations throughout the country.

Published 03 Feb, 2021 11:52am

Business & Finance

Pakistan’s Cement sales hit new highs in January

This is the highest cement dispatches recorded in the month of January in the last two years.

Published 03 Feb, 2021 11:02am

Business & Finance

HUBCO, CPPA enters into payment of overdue receivables agreement

Under the Agreement, the payment of overdue receivables is an integral part of the Agreement and the payment mechanism envisaged is two instalments, with 40% of the overdue receivables payable within 30 business days of signing the Agreement.

Published 02 Feb, 2021 03:46pm

Business & Finance

Pakistani pharma announces to ensure availability of Sputnik V vaccine

The Drug Regulatory Authority of Pakistan (DRAP) on February 1st 2021 granted Emergency Use Authorisation (EUA) for ‘Gam-Covid-Vac’ combined vector vaccine to prevent coronavirus infection caused by SARS CoV-2 virus.

Published 02 Feb, 2021 02:17pm

Business & Finance

SBP Loan Extension, Restructuring scheme: FIs defer, restructure Rs 883bn loans

Out of 1.696 million applications received, banks, DFIs and MFBs have approved 1.635 million applications (96.41 percent) up to January 22, 2020.

Published 02 Feb, 2021 01:38pm

Business & Finance

OGDCL discovers Hydrocarbon reserves in Sindh

As per details, the OGDCL as the operator (95 percent) and Government Holding (Private) Limited (5%) has discovered gas and condensate from its exploratory well Sial-1, which is located in district Hyderabad, Sindh province.

Published 02 Feb, 2021 12:19pm

Business & Finance

Dairy farmers announce Rs 20 increase in Milk price

Earlier, milk retailers have warned dairy farmers and wholesalers they would not raise the price of milk in the future without notification from the city administration.

Published 02 Feb, 2021 11:33am

Business & Finance

Waves Singer eyes to acquire Heavy Electrical Complex

Over the years, the HEC has continuously lost its market share in the transformers business, which is even less than five percent in the recent years.

Published 02 Feb, 2021 10:49am

Business & Finance

Govt amends SOPs for Pension Payment through DCS

The Finance Division clarified that the pension shall be paid through a bank account either current or PLS maintained in the pensioner’s name.

Published 01 Feb, 2021 04:25pm

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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