News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Over $20bn Airport Infrastructure projects at risk of delays: AIIB

The Asian Infrastructure and Investment Bank (AIIB) in its latest report expressed concern that many projects will inevitably be delayed for years, rather than months, given the large financing needs and increased uncertainty about future profitability.

Published 22 Dec, 2020 02:37pm

Business & Finance

Despite COVID-19, CPEC is timely expanding into its second phase, says Bajwa

Bajwa said that the timely implementation of the projects is a testament to Pakistan-China friendship, saying that the project is a 'game changer'.

Published 22 Dec, 2020 12:27pm

Business & Finance

Inflation steadily declining for the past four weeks: Finance Ministry

During the meeting, the Secretary MNFS&R presented before NPMC the current status of wheat and sugar stocks.

Published 22 Dec, 2020 10:44am

Technology

PM Khan gives green signal to formulate first-ever Drone Policy of Pakistan

“The new policy will allow drone production and especially agriculture drone manufacturing industry will get a huge boost,” informed Fawad.

Updated 22 Dec, 2020 11:32am

Business & Finance

Pakistan’s Current Account Surplus rose further, FX reserves at highest level in 3 years

As per the central bank's latest data, so far in FY21, the current account surplus has reached $1.6 billion compared to a deficit of $1.7 billion recorded over the same period last year.
- At $13.1bn, FX Reserves are now at their highest level in 3 years.

Published 22 Dec, 2020 09:44am

Business & Finance

Pakistan’s TIOs are ‘beginning to deliver results,’ says Dawood

The advisor informed that 44 TIOs were selected under the reformed system, and “this is now beginning to deliver results.”

Published 21 Dec, 2020 03:55pm

Business & Finance

PIA cancels flight operation to KSA, after latest restrictions

He said that these flights would remain canceled till Saudi Arabia opens their airspace for international flights.

Published 21 Dec, 2020 02:25pm

Business & Finance

No planned gas load shedding in the country: Petroleum Division

Moreover, the city gate loads in SNGPL system have increased 9 percent in one week as severe winter sets in; SSGC is facing similar increase in pressure drops in parts of Karachi and Quetta.

Published 21 Dec, 2020 01:48pm

Business & Finance

COVID-19 Measures: SBP defers over Rs 657bn under Refinance Scheme

Under its Rozgar scheme for protecting businesses and employees working with them from the impact of COVID-19, the central bank has so far approved Rs 238.2 billion for 2,958 businesses.

Published 21 Dec, 2020 01:20pm

Business & Finance

Restructuring Plan: PIA to shift departments from Karachi to Islamabad

At present, PIA has a fleet of 29 aircraft with 14,500 employees and the airline is bearing Rs 2.6 billion monthly human resource and Rs 24.8 billion annual expenses.

Published 21 Dec, 2020 12:07pm

Business & Finance

Pakistan exploring new trade avenues, to achieve $26bn exports target

The Advisor said regional trade and economic integration would play a huge role in enhancing connectivity with Central Asian States and Afghanistan.

Published 21 Dec, 2020 11:20am

Business & Finance

Pakistan to launch Billion Tree Tsunami Honey Project

Under the project, the National Bank will provide loans and NAVTEC will provide training to the citizens, whereas, the Ministry of Science and Technology will set up honey laboratories across the country.

Published 21 Dec, 2020 10:56am

Business & Finance

KSA suspends international flights amid COVIS-19 second wave

A statement issued by the Interior Ministry said that those who have come from any European country or country where the pandemic has spread since December 8, 2020, should take the following steps.

Published 21 Dec, 2020 10:27am

Business & Finance

Apple says no new business for supplier Wistron after India plant violence

Wistron failed to implement proper working hour management processes, which “led to payment delays for some workers in October and November,” Apple said.

Published 19 Dec, 2020 03:18pm

Business & Finance

Pakistan arranges 12 LNG cargoes for January

The Petroleum Division said that one cargo that was scheduled for 30th December and was intended to supply for January, 2021, has been moved a few days ago into January.

Published 19 Dec, 2020 02:23pm

Business & Finance

Telenor urges govt to introduce fair regulatory regimes for spectrum licensing

The CEO stated that creating a predictable business environment with fair regulatory regimes for spectrum licensing and taxation remains key to improving the business climate and receiving future foreign investment in Pakistan.

Published 19 Dec, 2020 01:15pm

Business & Finance

Babar, Abbasi exchange barbs over LNG purchase issue

Talking to a private channel, the SAPM said that the incumbent government is paying $527,000 per day because of ‘ill-conceived’ agreements of the previous government.

Published 19 Dec, 2020 12:47pm

Business & Finance

FBR introduces cashback scheme for customers

The customers will get 5 percent of sales tax refunded on purchases from tier-1 retailers that are integrated with the FBR’s online system.

Published 19 Dec, 2020 11:23am

Business & Finance

Hundreds of Japanese IT cos keen to enter Pakistan

The Japanese IT Association said that more than 500 Japanese IT companies will come to Pakistan.

Published 19 Dec, 2020 10:40am

Markets

Bank of Punjab becomes Market Maker for Debt Securities on Pakistan bourse

*This development is in-line with the notification issued by the SECP which allows banks to act as Market Makers for debt securities.

Published 18 Dec, 2020 04:40pm

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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