News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Fauji Foundation eyes to acquire majority stake of Silkbank

The bank informed that as part of the process Silkbank has been requested to allow Fauji Foundation to conduct due diligence of the bank and in this regard, Fauji Foundation intends to apply to the State Bank of Pakistan for the requisite approval of the same.

Published 28 Jan, 2021 01:45pm

Technology

Pakistan working with China to develop e-commerce platforms, says Envoy

"We require more investments into our cold chain industry and storage modernization. We are working with Chinese authorities to update our cold chain in logistics," he said.

Published 28 Jan, 2021 12:48pm

Business & Finance

Transparency International: Pakistan's 'Corruption Perception' worsened in 2020

Sohail Muzaffar, Chairman TI Pakistan has said in CPI 2020, Pakistan’s score has lowered to 31/100 from 32/100 in 2019 and rank to 124/180 from 120/180 in 2019.

Published 28 Jan, 2021 11:38am

Business & Finance

Govt gives Provisional Award of New Exploration Blocks to E&P firms

The blocks have been awarded after competitive bidding, on the basis of work units committed by different E&P Companies in the Block Bidding Round 2020 arranged by the Government.

Published 28 Jan, 2021 10:47am

Business & Finance

Govt spent Rs 6tr on past loans payments, says Faraz

He said Rs 1.2 trillion were provided to support different sectors especially the disadvantaged segments of the society in the wake of breakout COVID-19.

Published 27 Jan, 2021 02:58pm

Business & Finance

Six projects in the offing to enhance Pakistan’s oil refining capacity

Pakistan refining capacity stood at 417,400 Barrels per Day (BPD) in the last fiscal year, while six more projects, investment initiatives and proposals are at different stages of implementation to increase the capacity by 1.1mn BPD.

Published 27 Jan, 2021 02:13pm

Business & Finance

Pakistan secures GI tag for Basmati rice

Arif while praising the IPO and Ministry of Commerce was of the view that the protection in Pakistan would strengthen our case in the European Union against Indian claim of an exclusive basmati GI tag.

Published 27 Jan, 2021 01:21pm

Business & Finance

Enforcement Action: State Bank imposes over Rs 59mn penalties on one bank

SBP stated that these actions are based on deficiencies in the compliance of regulatory instructions and do not constitute a comment on the financial soundness of the entity.

Published 27 Jan, 2021 12:29pm

Business & Finance

Milk retailers say will not increase rates without govt approval

The retailers said that in the future milk sellers would not help the dairy farmers by selling milk at illegal rates and would not take any illegal action.

Published 27 Jan, 2021 12:07pm

Business & Finance

Pakistan, Uzbekistan to discuss trade routes, PTA

The delegation which will be led by the Advisor to the Prime Minister on Commerce and Investment, Mr. Abdul Razak Dawood, will visit Uzbekistan from 31st January 2021 to 4th February 2021.

Published 27 Jan, 2021 11:07am

Business & Finance

Govt to complete valuation of PSM core assets by January end

The meeting was informed that the revival of PSM would be undertaken as per the approved decision of CCoP/ Cabinet.

Published 26 Jan, 2021 03:26pm

Technology

Apple warns, iPhone 12, MagSafe accessories could interfere with pacemakers

Apple insists that the MagSafe and MagSafeDo accessories contain radio signals and that their magnetic and electromagnetic fields can interfere with the functioning of medical devices.

Published 26 Jan, 2021 03:10pm

Business & Finance

NAB recovered Rs 487bn ill-gotten money in over three years: Iqbal

Javed Iqbal said the NAB is no longer pursuing tax cases against the business community, adding that facilitating the traders and businessmen is our priority.

Published 26 Jan, 2021 02:35pm

Business & Finance

Expecting rise in demand, Hi-Tech Lubricants subsidiary announces expansion

“The executive management of the company has initiated the following expansion at the plant site of Hi -Tech Blending Private Limited (HTBL) (wholly-owned subsidiary of HTL) considering future high volumes of sales projection and increase in demand of locally blended products,” informed the company.

Published 26 Jan, 2021 01:04pm

Business & Finance

Success of Yaris model to boost Indus Motors profits, expect analysts

“Auto sales are riding on strong momentum driven by higher demand amidst low interest rate and economic recovery, where unit sales of our universe have increased by 33% YoY and 13% QoQ.”

Published 26 Jan, 2021 12:07pm

Business & Finance

HUBCO initiates agreement with CPPA

Under the Agreement, at the request of the Government of Pakistan, in the larger national interest and sectoral sustainability, the future O&M savings and heat rate efficiency, shall be shared by the Parties.

Published 26 Jan, 2021 10:51am

Technology

USF awards Rs254mn Contract to Jazz

“This project will benefit an unserved population of 0.34 Million in 263 unserved mauzas, thereby covering an unserved area of 4,002 sq.km. of Jhelum and Chakwal districts.”

Published 26 Jan, 2021 10:26am

Business & Finance

Former FBR Chief suggest govt to demonetize Rs 5,000 notes

The former chairman said it would improve the economy and stabilize banking while making bribery more difficult.

Published 23 Jan, 2021 04:24pm

Business & Finance

Fake News: SBP rejects messages on ATM cash withdrawal limit

“SBP does not put any limit on ATM withdrawal limit. Banks decide about such limits,” it added.

Published 23 Jan, 2021 01:35pm

Technology

Pakistan telecom regulator blocks website

The platform was also given an opportunity of hearing (virtual/physical) to explain its position before the Authority, which it did not avail, said PTA.

Published 23 Jan, 2021 12:45pm

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

Markets →

Budget 2024-25: income tax calculator for FY25

Most Popular