News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Pakistan should take advantage of trade potential in Africa: Chairman PSATF

The Trade and Investment Center will soon provide excellent assistance to traders and investors in Pakistan and other countries in introducing their products and increasing exports.

Published 01 Feb, 2021 03:43pm

Business & Finance

Fitch revises Pakistan’s real growth at 1.1pc amid strong external demand

Fitch states that a very likely rebound in the global economy along with a global vaccine rollout will also bode well for exports which will in turn feed into private consumption through better employment prospects in export related sectors.

Published 01 Feb, 2021 01:47pm

Business & Finance

Chances bright for Pakistan exit from FATF ‘grey list’

Weeks ago, there was a one-day face-to-face talk between Pakistan and the FATF, in which the Pakistani delegation was led by Federal Minister for Industries and Production Hammad Azhar.

Published 01 Feb, 2021 12:06pm

Business & Finance

Amid economic revival, Lucky Cement announces to enhance production

"The company has decided to enhance its cement production capacity at its Pezu Plant by 3.15 million tons per annum,” stated the company.

Updated 01 Feb, 2021 02:55pm

Technology

Ex-Google employee slams CEO Pichai calls him ‘leader in gaslighting’

“At Davos Sundar Pichai gets a question about me and he talks about how Google is a leader in AI ethics & how they ‘allow debate.’ You are a leader in gaslighting,” she stated.

Updated 01 Feb, 2021 11:09am

Business & Finance

After success in International Fair, Dawood calls exporters to aggressively pursue Africa

The advisor informed that orders worth USD 2 million were received and deals worth USD 3 million are under process.

Published 30 Jan, 2021 03:45pm

Technology

Bangash urges youth to avail opportunities in IT Sector

“KPITB through Durshal project is providing equal opportunities for boys and girls young startups. Present your ideas for economic growth and employment opportunities by getting training from Durshal & then think of creating jobs instead of looking for jobs,” he said.

Published 30 Jan, 2021 03:02pm

Markets

Head of world’s largest Hedge Fund calls Bitcoin ‘one hell of an invention’

On the issues pertaining to Bitcoin and digital currencies as a whole, Dalio pointed out “to one holding digital/cyber assets at a time when cyber offense is much more powerful than cyber defense, the cyber risk is a risk that I can’t ignore.”

Published 30 Jan, 2021 12:33pm

Business & Finance

Kuwait Investment Authority can be part of Pakistan's mega projects, says official

He appreciated efforts of Pakistani nurses, doctors and engineers working in Kuwait and said that in the future professionals from Pakistan in different fields would be welcome to work in Kuwait.

Published 30 Jan, 2021 11:03am

Markets

PSX emerges among the best performing bourse in the world

The report said that the rally during the outgoing month was primarily been led by confidence in the overall investment climate fueled by the ongoing robust economic momentum across the country.

Published 30 Jan, 2021 10:47am

Technology

Musk's SpaceX violated its launch license in explosive Starship test: the Verge

An investigation was opened that week focusing on the explosive landing and on SpaceX’s refusal to stick to the terms of what the FAA authorized, the Verge said.

Published 30 Jan, 2021 10:16am

Business & Finance

Pakistan’s ‘promising’ Tractor industry posts 43pc growth

The advisor added that even more encouraging is the increase in export of tractors during the first half of FY 2020-21, especially Millat Tractors whose exports grew by 68pc in value to USD 6.9 million compared to USD 4.1 million in the previous year.

Published 29 Jan, 2021 04:09pm

Business & Finance

Alvi lashes out at FBR, orders to recover over Rs.14mn in bogus tax refunds case

The President on Friday rejected FBR's representation against the order of Federal Tax Ombudsman (FTO) in a case of bogus tax refunds worth over 14 million rupees made to a fake Registered Person.

Published 29 Jan, 2021 03:34pm

Business & Finance

ADB sells second Pak Rupee linked 'Karakoram’ bonds

A Karakoram bond is an offshore bond denominated in Pakistan rupees and settled in USD, listed on a major stock exchange and settled through an international central securities depositary.

Published 29 Jan, 2021 02:22pm

Business & Finance

SBP's Baqir says moderately accommodative monetary a ‘right approach’

"In the near term and in the absence of unforeseen developments, we see monetary policy settings remaining unchanged,” says Baqir.

Updated 29 Jan, 2021 03:39pm

Business & Finance

ADB to provide $10bn loan under Pakistan 5-Year loan program

The ADB will provide the loan between 2021 and 2025. Out of the total loan program, $6.3 billion is expected to be disbursed over the next three years.

Published 29 Jan, 2021 11:02am

Business & Finance

Pakistan talks with IMF at advanced stage says Hafeez Shaikh

On the wheat shortage issue, he said the government would import 4 million tonnes of wheat during the current year to meet the demand.

Published 29 Jan, 2021 10:21am

Business & Finance

PSX lists Bank Alfalah first Shelf Registered Instrument

Bank Alfalah has issued & listed its Tranche Series-A TFCs of Rs 11 Bn on the Exchange.

Published 28 Jan, 2021 05:05pm

Technology

Pakistan keen to work with President Biden administration for Science

The minister was hopeful that the new USA administration will place Science and Technology cooperation as a priority area of mutual relationships.

Published 28 Jan, 2021 04:38pm

Business & Finance

Coronavirus pandemic ravages global gold market in 2020: Report

The demand for gold jewellery in Q4 fell 13pc YoY to 515.9t, resulting in a full-year total of 1,411.6t, 34pc lower than in 2019.

Published 28 Jan, 2021 02:49pm

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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