News stories for Ali Ahmed - Business Recorder

Ali Ahmed

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

Business & Finance

State Bank’s TERF scheme produce ‘excellent results’ for Pakistan, says Dawood

He said that due to the central bank scheme a ‘substantial’ amount of investment was brought in Pakistan.

Published 21 Jan, 2021 10:13am

Business & Finance

Energas ready to kickoff construction of Pakistan’s third LNG terminal

The authority allowed Energas for the regulated activity of sale of natural gas and LNG for an initial period of 10 years, subject to fulfillment of execution of Gas Transportation Agreements with Sui Southern Gas Company (SSGC) and Sui Northern Gas Pipelines Limited (SNGPL).

Published 20 Jan, 2021 03:07pm

Business & Finance

Cabinet decides to waive off taxes on bonds

During a federal cabinet held under the chairmanship of Prime Minister Imran Khan it was decided to waive a number of taxes on these bonds under the Income Tax Ordinance 2001 Schedule.

Published 20 Jan, 2021 01:55pm

Business & Finance

Market players expect maintenance of status quo in upcoming MPC

Financial market participants over the views on the upcoming monetary policy statement on January 22nd 2021 found that 75 percent expect no change in the policy rate in the upcoming MPS.

Updated 20 Jan, 2021 02:23pm

Business & Finance

China’s Jack Ma makes first video appearance since Ant crackdown

Jack Ma decided to say goodbye to Alibaba in 2018 and was last seen at a conference in October last year criticizing Chinese government regulators, after which he disappeared raising global concerns.

Published 20 Jan, 2021 11:39am

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