News stories for Ali Ahmed - Business Recorder

Ali Ahmed

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

Business & Finance

Chinese companies to speed up export of COVID-19 vaccines to Pakistan

"The Chinese government has decided to provide a batch of vaccines as aid and will actively coordinate with the relevant Chinese enterprise to speed up export of vaccines to Pakistan,” said Foreign Ministry Spokesperson Hua Chunying during a regular press conference.

Updated 24 Jan, 2021 10:12am

Business & Finance

FBR Whistleblower, Informer can receive as much as Rs5mn in cash reward

An informer/ whistleblower is entitled to a reward at the rate of 20 percent up to a maximum of Rs 5 million of the tax to be evaded in a single case.

Published 23 Jan, 2021 11:49am

Business & Finance

State Bank MPC maintains policy rate unchanged at 7pc

There could be some changes in the projection due to change in electricity rates, and international oil prices but it will be temporary, said Baqir.
“It is very important that at present the monetary policy should convey a message of stability,” the SBP Chief said.
The yearly inflation rate is projected to remain at 7-9pc as previously announced.

Updated 23 Jan, 2021 10:52am

Business & Finance

Cement sales in Pakistan expected to post double-digit growth in Jan

On Month on Month (MoM) basis the local cement sales are likely to decline 7-11pc due to seasonality and in line with previous two years trend, said Topline Securities.

Published 22 Jan, 2021 02:58pm

Business & Finance

After impressive growth, Pakistan eyes IT exports of over $ 2bn this year

The ITeS export remittances comprising computer services and call centre services have surged to $194 million at a growth rate of over 43 percent in December 2020 compared to $135 million during the same month of 2019.

Published 22 Jan, 2021 02:07pm

Business & Finance

Govt taking measures to boost Exports, Razak tells the house

The Adviser said, that the present government strengthened its economic ties with African countries under its Look Africa Policy to enhance the outreach of Pakistani goods in international markets.

Published 22 Jan, 2021 12:27pm

Business & Finance

Customs confiscate foreign origin liquor worth millions

The MCC Multan has detained/seized a vehicle at Faisalabad which was loaded with 143 cartons of foreign origin liquor, which were concealed under crates of tomatoes.

Published 22 Jan, 2021 11:37am

Business & Finance

Pakistan FX reserves rise to $20bn, Hammad briefs Senate

He said projects worth $1.7 billion are in the phase of implementation in Gwadar under the CPEC.

Published 22 Jan, 2021 11:11am

Business & Finance

SBP to announce MPS today

The SBP Monetary Policy Committee (MPC) will announce the new monetary policy for a period of two months.

Published 22 Jan, 2021 10:19am

Business & Finance

Custom Duties over Rs 1mn to be collected through ADC mechanism only: SBP

The ADC mechanism allowed the tax payers to pay their taxes through internet/mobile banking, Automated Teller Machines (ATMs) or Over-the Counter (OTC) of 16000 branches of commercial banks across the country.

Published 21 Jan, 2021 02:40pm

Business & Finance

OGRA lifts ban on issuance of new CNG licenses

Pursuant to the Oil and Gas Regulatory Authority (OGRA) Ordinance, 2002, and the provisions of CNG (Production and Marketing) Rules, 1992, issuance of a CNG license to any prospective investor/applicant falls under the exclusive domain of the Ogra.

Published 21 Jan, 2021 02:17pm

Business & Finance

Govt raise rate of return of National Savings Certificates

A notification issued by the Finance Ministry said that the rate of return on Defense Savings Certificates has been increased from 8.49 percent to 9.42pc while the rate of return on Regular Income Certificates has been increased from 8.04pc to 9pc.

Published 21 Jan, 2021 12:51pm

Business & Finance

Experts concern over rise in Pakistan's import bill, as C/A surplus streak ends

The report was of the view that that the imports of goods are likely to increase higher then earlier expected as economic activity picks including rise in import of auto CKD/CBU, coal for cement, while pressure on account of import of machinery through TERF is also anticipated.

Published 21 Jan, 2021 12:29pm

Business & Finance

Customs seize items worth millions from Islamabad Airport

it said that the total value of seized goods is expected to be Rs.11million.

Published 21 Jan, 2021 11:52am

Technology

Pakistan approves Right of Way Policy

Haque said that Right of Way Policy will pave way for laying of telecommunication network and digitalization.

Published 21 Jan, 2021 10:54am

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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