News stories for Ali Ahmed - Business Recorder

Ali Ahmed

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

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 28	279.70
USD PKR Interbank Buying / Feb 28	279.50
USD to Japanese Yen / Feb 28	150.63
USD to Swiss Franc / Feb 28	0.90
Pound Sterling to USD / Feb 28	1.26
Euro to USD / Feb 28	1.10
UK LIBOR % / Feb 28	4.96

Stock	Volume
S&P 500 / Feb 28	5,954.50
India Sensex / Feb 28	73,198.10
Tokyo Nikkei / Feb 28	37,155.50
Nasdaq / Feb 28	18,847.28
Hang Seng / Feb 28	22,941.32
FTSE 100 / Feb 28	8,809.74
Dow Jones / Feb 28	43,840.91
Germany DAX 30 / Feb 28	22,551.43
France CAC40 / Feb 28	8,111.63

Item	Value
Crude Oil USD/Barrel / Feb 28	69.76
Karachi Cotton PKR/37.32 KG / Feb 28	17,785
Gold 10 Grams PKR / Feb 28	257,639
Gold Spot USD/Ounce / Feb 28	2,857.83
Cotton US¢/pound / Feb 28	65.25
Petrol/Litre / Mar 2	255.63
Diesel/Litre / Mar 2	258.64

Gainers
Losers
Leaders

Stock	Price
Beco Steel Ltd / Feb 28 Beco Steel Limited(BECO)	9.60 ▲ 1 (11.63%)
Merit Packaging / Feb 28 Merit Packaging Limited(MERIT)	10.59 ▲ 1 (10.43%)
Internationl Packaging Films / Feb 28 Internationl Packaging Films Limited(IPAK)	22.28 ▲ 2.03 (10.02%)
The Thal Ind.Corp. / Feb 28 The Thal Industries Corporation Limited(TICL)	424.64 ▲ 38.6 (10%)
S.S.Oil / Feb 28 S.S.Oil Mills Limited(SSOM)	88.33 ▲ 8.03 (10%)
Sanghar Sugar / Feb 28 Sanghar Sugar Mills Limited(SANSM)	49.60 ▲ 4.51 (10%)
Khyber Tobacco / Feb 28 Khyber Tobacco Company Limited(KHTC)	302.01 ▲ 27.46 (10%)
Fateh Sports / Feb 28 Fateh Sports Wear Limited(FSWL)	85.72 ▲ 7.79 (10%)
AGP Limited / Feb 28 AGP Limited(AGP)	189.72 ▲ 17.25 (10%)
Power Cem(Pref) / Feb 28 Power Cement (Pref)(POWERPS)	14.11 ▲ 1.28 (9.98%)

Stock	Price
First Elite Cap.Mod / Feb 28 First Elite Capital Modaraba(FECM)	7.40 ▼ -0.97 (-11.59%)
Kohinoor Energy / Feb 28 Kohinoor Energy Limited(KOHE)	22.59 ▼ -2.51 (-10%)
Dadex Eternit / Feb 28 Dadex Eternit Limited(DADX)	73.05 ▼ -8.12 (-10%)
EMCO Industries / Feb 28 Emco Industries Limited(EMCO)	25.66 ▼ -2.85 (-10%)
Pak Datacom / Feb 28 Pak Datacom Limited(PAKD)	94.84 ▼ -10.53 (-9.99%)
At-Tahur Ltd. / Feb 28 At-Tahur Limited(PREMA)	29.56 ▼ -3.28 (-9.99%)
Trust Sec.& Brok. / Feb 28 Trust Securities & Brokerage Limited(TSBL)	11.58 ▼ -1.27 (-9.88%)
Data Agro / Feb 28 Data Agro Limited(DAAG)	88 ▼ -9.64 (-9.87%)
S.G.Power / Feb 28 S.G. Power Limited(SGPL)	9.12 ▼ -0.98 (-9.7%)
Dewan Textile / Feb 28 Dewan Textile Mills Limited(DWTM)	7.70 ▼ -0.76 (-8.98%)

Stock	Volume
Cnergyico PK / Feb 28 Cnergyico PK Limited(CNERGY)	71,837,021 ▼ -0.21
Pak Int.Bulk / Feb 28 Pakistan International Bulk Terminal(PIBTL)	51,942,475 ▲ 0.64
WorldCall Telecom / Feb 28 Worldcall Telecom Limited(WTL)	42,417,350 ▼ -0.04
National Bank / Feb 28 National Bank of Pakistan(NBP)	27,430,703 ▲ 3.96
GhaniGlobalGlass / Feb 28 Ghani Global Glass Limited(GGGL)	21,659,838 ▼ -0.15
At-Tahur Ltd. / Feb 28 At-Tahur Limited(PREMA)	17,624,004 ▼ -3.28
Maple Leaf Cement / Feb 28 Maple Leaf Cement Factory Limited(MLCF)	16,353,261 ▲ 2.21
Sui North Gas / Feb 28 Sui Northern Gas Pipelines Limited(SNGP)	15,824,842 ▲ 1.11
Sui South Gas / Feb 28 Sui Southern Gas Company Limited(SSGC)	14,522,331 ▼ -0.7
B.O.Punjab / Feb 28 The Bank of Punjab(BOP)	13,562,631 ▼ -0.09

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