News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Yale Economist predicts US to face Dollar collapse, Double-Dip Recession

“I think that with the infection rate still souring the US economy is still a vulnerable economy and is likely to experience further lockdown,” predicted Roach.

Published 28 Dec, 2020 10:54am

Business & Finance

Aviation minister says Pakistan has removed all EU concerns regarding PIA

Sarwar said that PIA was adding eight new aircraft to its fleet.

Published 26 Dec, 2020 03:52pm

Technology

Eyeing $5bn exports target, efforts underway to ensure Pakistan’s IT holistic growth

This is the highest growth rate for the FY 2020-21 (July-November), achieved by Pakistan’s IT sector since 2018 when the growth rate for the corresponding period was just 13%.

Published 26 Dec, 2020 02:28pm

Business & Finance

For the first time, Euro V standard diesel imported into Pakistan

PSO has started to import Euro-V standard fuel into the country, in an effort to import better quality fuel, primarily aimed at protecting the environment from climate change and global warming.

Published 26 Dec, 2020 02:07pm

Business & Finance

Pakistan-China border crossing via Khunjerab Pass closed

The border was opened to evacuate stranded containers from China to Gilgit-Baltistan, under which no tourists were allowed to travel through border crossing during the period.

Published 26 Dec, 2020 11:57am

Business & Finance

Pakistan's AirSial commences operations

The Sialkot-based airline, which is a Rs 3.5 billion project of the members of Sialkot Chamber of Commerce and Industry, is Pakistan’s third privately-owned airline.

Published 26 Dec, 2020 11:22am

Technology

Pakistan’s leading IoT co to map country’s historical & religious sites

An announcement was made by DoAM earlier this year, to take steps to promote tourism through the digitization of historical and religious sites in Pakistan, followed by conservation and restoration work on heritage sites.

Published 24 Dec, 2020 04:34pm

Business & Finance

Pakistan to issue new e-passport service from next year

The Minister said the Pakistanis aspiring to go to the Middle East will be issued passport for ten years.

Updated 24 Dec, 2020 03:31pm

Business & Finance

OGDCL discovers Gas & Condensate reserves in KP

Based on open hole logs data, the well was tested at a rate of 1.6 Milion Standard Cubic Feet per Day (MMSCFD) of gas and 12 Barrels per day (BPD) of condensate through 32/64" choke at Well Head Flowing Pressure of 190 Pounds per square inch (PSI) from Samanasuk Formation.

Published 24 Dec, 2020 01:37pm

Business & Finance

FBR Intensifies Operations against Tax Evaders, Fraudsters

The action will be against individuals, AOPs and corporate entities involved in evasion of Sales Tax, Income Tax and Federal Excise Duty.

Published 24 Dec, 2020 12:35pm

Markets

Companies raised Rs35.4bn through IPOs, Right Issues at PSX in 2020

PSX witnessed four IPOs (including are preference share listing) during this year in spite of the COVID-19 outbreak, where the cumulative amount raised clocked in at Rs 8.4bn.
The IPOs were witnessed in sectors like steel, meat processing, telecom and chemicals.

Published 24 Dec, 2020 12:14pm

Technology

COVID-19 has lured more Pakistani consumers to shop online, Global Survey

72 percent of those surveyed in Pakistan agree that that COVID-19 has made them more positive about shopping online.
79pc of respondents to the survey from Pakistan responded that the economic impact of COVID-19 had prompted them to keep an eye on their spending, with 56pc Pakistanis saying that COVID-19 has made them more inclined to buy sustainably sourced products.

Published 24 Dec, 2020 11:17am

Business & Finance

Target is to procure low-cost, safe COVID-19 vaccine in Pakistan, says Fawad

The minister said that the committee aims to make the best vaccines available in Pakistan at the lowest possible cost as soon as possible.

Published 24 Dec, 2020 10:20am

Business & Finance

Despite COVID-19, Pakistan’s IT exports post impressive growth of 39pc

The country’s IT exports stood at USD763 million as compared to USD549 million in the corresponding period last year

Published 23 Dec, 2020 04:14pm

Business & Finance

Pakistan in contact with leading COVID-19 vaccines manufacturers, including Chinese

Special Assistant to Prime Minister on National Health Services, Dr Faisal Sultan said that COVID-19 vaccine would be available in Pakistan by March next year.

Published 23 Dec, 2020 02:51pm

Business & Finance

Pakistani workers making clothes for UK’s leading fashion brand are underpaid: Report

Boohoo has suspended a supplier, JD Fashion Ltd, and a factory, AH Fashion, from its supply chain.

Updated 23 Dec, 2020 01:58pm

Technology

Pakistan among Top 10 countries with fastest growth in Open-Source development

As per the report, the percentage growth in contributors in Pakistan since last year reached 51.5 percent, as compared to 41pc growth seen last year.

Published 23 Dec, 2020 12:32pm

Business & Finance

FBR clarifies on treatment of closing stock

LCCI stated that in the case of importers, tax collected at the import stage during TY-19 had become final tax at the time of collection, therefore the income from the disposal of such closing stock shouldn't be included in taxable income for the TY-20 as it would result in double taxation.

Published 23 Dec, 2020 12:01pm

Business & Finance

Bukhari applauds Overseas Pakistanis as remittance boom continues

“Thanks to Overseas Pakistanis remittances boom continues too,” said Bukhari in a tweet post.

Published 23 Dec, 2020 11:40am

Markets

SEC permits companies to raise capital through Direct Listing

The development will reduce costs for startups as they will no longer be required to let investment banks buy and sell when they first go public on the NYSE.

Published 23 Dec, 2020 10:39am

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

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