News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Hike in POL rates expected as OGRA summary sent to PM

It has also been recommended to levy 17 percent GST and Rs 30 levy on the prices of petroleum products.

Published 15 Jan, 2021 03:01pm

Business & Finance

ADP appoints Eugene Zhukov head of 10 countries, including Pakistan

Zhukov will manage 10 country offices and 7 sector divisions: energy; environment, natural resources, and agriculture; public management, financial sector, and trade; regional cooperation and operations coordination; social; transport and communications; and urban development and water.

Published 15 Jan, 2021 02:13pm

Business & Finance

Japan take action to curb illegitimate used cars trade in Pakistan

The Embassy of Pakistan in Tokyo is taking all legal measures both in Pakistan and Japan to address the matter under applicable laws; and, to mitigate any possible unease that might be caused to legitimate trade

Updated 15 Jan, 2021 02:12pm

Business & Finance

Thar coal saved Pakistan $78mn in power generation, says Murad

CM said that work on 660 MW (2 x 330 MW) power projects was started and power was being supplied to the national grid from July 10, 2019.

Published 15 Jan, 2021 11:58am

Business & Finance

China bans PIA flights after COVID-19 found in passengers

Confirming the ban by China, PIA spokesman Abdullah Khan said that the report of the COVID-19 test conducted 72 hours ago by passengers traveling from Pakistan to China was negative.

Published 15 Jan, 2021 11:42am

Business & Finance

Despite COVID Pakistan’s Textile exports to EU surge due to govt policies, says envoy

The envoy was of the view that the rise in textile exports was the result of governments’ smart lock down strategy, reopening of industry, as well as recently announced energy package to help exporters recuperate from the effects of the pandemic.

Published 15 Jan, 2021 11:03am

Business & Finance

Rashakai SEZ: Committee allocates land to Chinese steel conglomerate

The SEZ Committee of Rashakai SEZ allocated 40 acres of land to Century Steel (Pvt) Ltd, owned by M/S Fuzhou Julitaihe International Company; a Chinese conglomerate.

Published 15 Jan, 2021 10:34am

Business & Finance

Sindh urges federal govt to ban tomatoe import

Due to import of tomatoes and non-export of onions, the prices of these commodities have come down sharply, so farmers are not getting a fair price for their produce, stated the letter

Published 14 Jan, 2021 03:50pm

Budget

Budget deficit hits Rs 922bn in five months

According to Finance Ministry figures, the federal government's expenditure during the last five months was Rs 2.4 trillion, of which Rs 244 billion was spent on debt repayment.

Published 14 Jan, 2021 02:40pm

Business & Finance

OGRA proposes price hike in POL products

The final decision on the prices of petroleum products will be taken by the Ministry of Finance in consultation with the Prime Minister.

Published 14 Jan, 2021 02:03pm

Business & Finance

UAE’s Abu Dhabi Group to enhance investment in Pakistan

He said that due to the vision of Prime Minister Imran Khan, the Abu Dhabi group would further their investments in Pakistan and a new project worth US$ 500 million would be started in Pakistan soon.

Published 14 Jan, 2021 12:39pm

Business & Finance

2021 to be a ‘game changer’ for Made in Pakistan devices, says Chaudhry

He added that at least two global brands are ready to set up their factories in Pakistan.

Published 14 Jan, 2021 11:38am

Business & Finance

Govt release over Rs 319bn under PSDP

According to the latest data released by the Ministry of Planning, Development and Reform, the released funds include more than Rs 207 billion for federal ministries.

Published 14 Jan, 2021 10:23am

Business & Finance

Pakistan’s Textile Exports boost impressive growth in Jul-Dec

“It is heartening to note that textiles sector is maintaining its export growth,” said Dawood in a series of tweets on Wednesday.

Published 13 Jan, 2021 03:33pm

Business & Finance

PTA renews Integrated License of PTCL for next 25 years

It is pertinent to inform that PTCL integrated license was issued for 25 years effective from 1st January 1996 and valid until 31st December 2020; therefore-subsequent renewal was required effective from 1st January 2021.

Published 13 Jan, 2021 02:28pm

Business & Finance

Integrated Strategy measures lead to significant increase in Pakistan exports: FBR

FBR has stated that Import duties on 1,623 tariff lines, pertaining to basic raw material and intermediate goods were reduced to zero through the Finance Act, 2020.

Published 13 Jan, 2021 01:16pm

Technology

Telegram users surge over 25mn within hours after WhatsApp privacy policy update

According to the announcement made by Telegram, the total number of active users of the application has exceeded 500 million since the recent increase.

Published 13 Jan, 2021 12:41pm

Business & Finance

Karachi based Artistic Milliners acquires denim factory in Los Angeles

“This acquisition gives us a strategic foothold in the US, in a region with significant geographic and demographic advantages,” said Murtaza Ahmed, Founder at SFI and Executive Director at Artistic Milliners.

Published 13 Jan, 2021 11:43am

Technology

Facebook can’t see your private messages, calls says WhatsApp amid privacy row

We want to be clear that the policy update does not affect the privacy of your messages with friends or family in any way. Instead, this update includes changes related to messaging a business on WhatsApp, which is optional, and provides further transparency about how we collect and use data,” said WhatsApp in an official statement to address the issue.

Published 13 Jan, 2021 11:01am

Business & Finance

Pakistan's Industrial labor market unable to regain its pre-Covid level: Report

The report revealed that during the initial phase of the lockdowns, as much as 10 percent of the industrial workers lost their jobs.

Published 13 Jan, 2021 10:47am

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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