News stories for Ali Ahmed - Business Recorder

OGRA grants KE license for RLNG pipeline Construction & Operation

K-Electric had submitted an application for the same on 18 May 2020, so as to ensure the pipeline would be built in time for the commissioning of the first unit of BQPS-III.

Published 08 Jan, 2021 04:04pm

Business & Finance

PBS Survey validates sharp V-Shaped recovery in COVID: Umar

“The positive things validated by the PBS report on COVID are: very large number of households confirming that they got support from government through Ehsaas programme, secondly the sharp V shaped recovery which resulted in almost all job losses being recovered in a few months,” he said in a tweet post.

Published 08 Jan, 2021 01:00pm

Technology

After latest update, WhatsApp will now share User information with Facebook

If the user doesn’t agree to the new Terms and Privacy policy, they can no longer access the platform after February 8, 2021.

Published 08 Jan, 2021 11:23am

Business & Finance

India Economy set to contract 7.7pc, biggest decline since 1952

The Indian Gross Domestic Product (GDP) will shrink by 7.7pc in the financial year ending March 2021, which is higher than the earlier 7.5pc decline forecasted forecast by the central bank of India.

Published 08 Jan, 2021 10:25am

Business & Finance

Dubai’s Mashreq Bank may move jobs to Pakistan as part of cost-cutting move

The report added that Mashreq Bank will also cut a large number of existing jobs, and create new jobs for employees.

Updated 07 Jan, 2021 04:10pm

Business & Finance

PM Khan lauds Pakistani exporters, as India, Bangladesh struggle continue

“I have received the regional export trends and this shows that, compared to our exports, the exports of India and Bangladesh for Nov/Dec 2020 showed negative growth,” said PM Khan.

Updated 07 Jan, 2021 07:07pm

Technology

Telenor Pakistan boost up app's navigation feature

The update also offers features like comprehensive search, location details, the option to add new locations as well as routing to a location, all within the app.

Updated 07 Jan, 2021 01:22pm

Business & Finance

State Bank defers over Rs 657bn loans under COVID package

Out of 1.644 million applications received, banks, DFIs and MFBs have approved 1.582 million applications (96.23 %) up to December 24, 2020.

Published 07 Jan, 2021 12:38pm

Business & Finance

Covid-19 Vaccines to develop into a Multibillion-Dollar market in 2021: Fitch

“Coupled with the unparalleled demand, these products will help to develop Covid-19 vaccines into a multibillion-dollar commercial opportunity,” it stated.

Published 07 Jan, 2021 11:05am

Business & Finance

Sugar rate jumps yet again

Abdul Rauf Ibrahim, chairman of the wholesale market, said that the condition of NTN would make it easier to identify hoarders.

Published 07 Jan, 2021 10:50am

Business & Finance

Removal of Custom Duty to make Pakistan’s chemical industry competitive: Dawood

“Our policy regarding reducing customs duties on raw material is certainly showing results,” said Dawood.

Published 07 Jan, 2021 10:24am

Business & Finance

Mob comes after another top Pakistani professional with questionable allegations

*A media outlet reported that the Federal Board of Revenue (FBR) has begun investigating Arif Usmani, for his alleged offshore assets worth billions of rupees.

Published 06 Jan, 2021 09:14pm

Business & Finance

WB expects Pakistan economic growth to average 1.3pc over next two fiscals

WB stated that Pakistan's growth is projected to be held back by continued fiscal consolidation pressures and services sector weakness.

Published 06 Jan, 2021 04:56pm

Business & Finance

Suppression of Chinese companies will harm US national interests, says China

*The spokesperson said that some political forces in the United States have been ‘wantonly suppressing’ foreign companies listed in the country, “exposing an arbitrary and capricious uncertainty in its rules and mechanisms.”

Published 06 Jan, 2021 02:44pm

Business & Finance

Shabbar Zaidi voice against reversing zero rating for Pakistan exports

“If this is done then we should forget about any tax system in Pakistan,” said Zaidi, while calling for an improvement in the refund system.
All Pakistan Textile Mills Association (APTMA) in a series of tweets on Wednesday, said that the withdrawal of zero-rating was one of the most regressive policies brought in by then FBR Chairman Shabbar Zaidi.

Published 06 Jan, 2021 01:57pm

Business & Finance

NAB unearths embezzlement of millions of rupees of embassy funds

In the NAB reference, former ambassador AS Babar Hashmi and former accountant Tufail Qazi has been nominated.

Published 06 Jan, 2021 01:31pm

Business & Finance

Aiming to restore reputation, China may struggle to win global trust on vaccine: EIU

EIU stated that given the logistical challenges of vaccine distribution, China will be at risk of overpromising and under-delivering.

Published 06 Jan, 2021 12:25pm

Business & Finance

Explainer! How did Pakistan’s Remittances continue to grow despite COVID-19?

The central bank said that it has also significantly revised its forecast for remittances for CY20, from an initial projection of a 23 percent decline to a growth of 9 percent.

Published 06 Jan, 2021 11:45am

Business & Finance

Despite favorable environment, declining trend persist in private credit sector: SBP

Despite this favorable environment, the declining trend in the private credit, which had started from the third quarter of FY19, continued in Q1-FY21, stated the report.

Published 06 Jan, 2021 11:02am

Technology

Samsung vows to get ‘even more epic’ with upcoming entry of Galaxy S21

As per details, at the January 14 virtual event, Samsung will unveil three different models of its new phone, including the 6.2-inch S21, the 6.7-inch S21 Plus and the 6.8-inch S21 Ultra.

Published 05 Jan, 2021 04:11pm

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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