News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

ADB announce $9bn vaccine initiative for member countries

More than 14.3 million positive cases have been identified in Asia and the Pacific, causing more than 200,000 deaths.

Published 12 Dec, 2020 10:49am

Business & Finance

Weekly SPI declines 0.26pc amid fall in food prices

During the week, out of 51 items, prices of 16 (31.37pc) items increased, 13 (25.49pc) items decreased and 22 (43.14pc) items remained constant.

Published 11 Dec, 2020 03:53pm

Business & Finance

Hubco, DHA plan to develop Sea Water Reverse Osmosis Project

Hubco and DHA also plan to develop a five million gallons per day of potable water project based on Sea Water Reverse Osmosis technology for which Hubco already possesses the first right of refusal.

Updated 11 Dec, 2020 04:57pm

Business & Finance

Pakistan, US identify opportunities to expand Trade & Investment

It was learned that the latest data shows Pakistan’s exports to the United States hit record levels in October ($430 million) and November ($437 million).

Published 11 Dec, 2020 02:30pm

Business & Finance

Need to sustain strong Remittances flow to get ‘true economic independence’: Asad

The minister in a tweet post on Friday said that strong remittance flows are significantly helping with Pakistan’s external account.

Published 11 Dec, 2020 12:11pm

Business & Finance

Abdul Hafeez Shaikh sworn in as Federal Minister, takes charge of Finance

Shaikh was previously serving as an Advisor to the Prime Minister on Finance.
IHC has ruled that unelected advisers and special assistants could not head government’s committees and has barred Advisor to Prime Minister Imran Khan on Finance and Revenue Dr Abdul Hafeez Sheikh from heading the Cabinet Committee on Privatisation (CCoP).

Updated 11 Dec, 2020 02:06pm

Business & Finance

Pakistan eyeing to protect its products using GIs

The advisor also requested all stakeholders to inform as to what course of action the Ministry of Commerce and IPO should take in case of salt.

Published 11 Dec, 2020 11:20am

Business & Finance

Trend Continues; Remittances from Overseas Pakistanis remain above $2bn

In aggregate, remittances rose to an unprecedented $11.8 billion during Jul-Nov FY21, 26.9pc higher than the same period last year.

Updated 11 Dec, 2020 11:43am

Business & Finance

CAA issues new travel advisory for foreign travelers entering Pakistan

The notification issued by the CAA's Director of Transport states that the number of passengers arriving from abroad has been divided into 3 categories with reference to Coronavirus.

Published 10 Dec, 2020 04:15pm

Business & Finance

Despite deadline, FBR allows taxpayers to file Returns

Special instructions were issued to the field offices to provide all possible facilities to the taxpayers so that the taxpayers could file their tax returns on time.

Published 10 Dec, 2020 03:28pm

Business & Finance

British Cos keen to invest in Pakistan’s energy sector

The envoy also indicated that approximately $1.5 billion of credit line for export credit facility remains largely unused and urged Pakistani projects to utilize it more.

Published 10 Dec, 2020 01:48pm

Business & Finance

Govt decides to ban sale of Rs. 25,000 prize bonds with immediate effect

As per the notification, National Prize Bonds of Rs. 25,000 denomination shall not be sold with immediate effect and will not be encashed / redeemed after 31st May 2021.

Published 10 Dec, 2020 12:56pm

Business & Finance

Highest ever daily amount remitted in Roshan Digital Account: SBP

“To date, total inward remittances into RDA have reached $139.4 million, with $81 million invested in Naya Pakistan Certificates (NPCs),” it added.

Published 10 Dec, 2020 11:28am

Business & Finance

Over 20mn mobile devices locally manufactured in Pakistan since 2019

It informed that since the implementation of PTA DIRBS, the import of mobile devices via legal channels has increased from 17.2 Million in 2018 to 28.02 Million in 2019 (63% increase). In 2020, 32.83 million devices have so far been imported.

Published 10 Dec, 2020 10:48am

Business & Finance

Avanceon to deploy Emergency Shutdown System at Fauji Fertilizer

The project worth approx Rs 25 million is currently in its initial stages and Avanceon expects to complete within the agreed timeline.

Published 09 Dec, 2020 04:18pm

WB approves $300mn for Pakistan’s Natural Disasters, Solid Waste Management

These investments will bolster Pakistan’s efforts to build resilience to natural hazards such as floods and droughts in the Sindh province, and will strengthen solid waste management in Karachi.

Published 09 Dec, 2020 03:05pm

Business & Finance

PM Khan calls for ‘inclusive development’ urges to adopt the Chinese model

PM Khan said that Pakistan's biggest issue is its diminishing Foreign Exchange reserves, as Pakistan imports more than its exports that balloons the Current Account Deficit, and adds pressure on PKR, which leads to inflation.

Published 09 Dec, 2020 02:31pm

Business & Finance

Govt intends to reindustrialize Pakistan: Hammad Azhar

Hammad said that the government would further introduce measures to facilitate business in the coming budgets.

Published 09 Dec, 2020 01:29pm

Business & Finance

PM inaugurates AirSial, Pakistan’s third private airline

Just days ago, this Pakistani airline received its second aircraft, Airbus A320, at Sialkot Airport. The airline’s initial operations will rely on three Airbus A320-200s, which the airline has leased from AerCap, Dublin-based aircraft leasing giant. It

Published 09 Dec, 2020 12:50pm

Business & Finance

PM to inaugurate AirSial Airlines today

During the visit, the Prime Minister will inaugurate AirSial Airline, the country's third private airline, and other development projects besides meeting political, social and business community members in the city.

Published 09 Dec, 2020 10:49am

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
Crude Oil USD/Barrel / Nov 27	69.12
Gold Spot USD/Ounce / Nov 27	2,647.32
Cotton US¢/pound / Nov 27	71.71
Petrol/Litre / Nov 28	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 28 786 Investments Limited(786)	6.48 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 28 Al-Abbas Sugar Mills Limited(AABS)	610.84 ▼ 0.00 (0.00%)
Agro Allianz / Nov 28 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 28 Ali Asghar Textile Mills Limited(AATM)	68.52 ▼ 0.00 (0.00%)
Allied Bank / Nov 28 Allied Bank Limited(ABL)	125.50 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 28 Abbott Laboratories (Pakistan) Limited(ABOT)	917.87 ▼ 0.00 (0.00%)
Abson Ind. / Nov 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 28 Alfalah Consumer Index ETF.(ACIETF)	11.82 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 28 786 Investments Limited(786)	6.48 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 28 Al-Abbas Sugar Mills Limited(AABS)	610.84 ▲ 0.00 (0.00%)
Agro Allianz / Nov 28 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 28 Ali Asghar Textile Mills Limited(AATM)	68.52 ▲ 0.00 (0.00%)
Allied Bank / Nov 28 Allied Bank Limited(ABL)	125.50 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 28 Abbott Laboratories (Pakistan) Limited(ABOT)	917.87 ▲ 0.00 (0.00%)
Abson Ind. / Nov 28 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 28 Alfalah Consumer Index ETF.(ACIETF)	11.82 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 28 K-Electric Limited(KEL)	101,636,133 ▲ 0.00
B.O.Punjab / Nov 28 The Bank of Punjab(BOP)	92,023,190 ▲ 0.00
Hascol Petrol / Nov 28 Hascol Petroleum Limited(HASCOL)	73,320,431 ▲ 0.00
Fauji Foods Ltd / Nov 28 Fauji Foods Limited(FFL)	54,116,789 ▲ 0.00
Sui South Gas / Nov 28 Sui Southern Gas Company Limited(SSGC)	54,088,119 ▲ 0.00
Treet Battery / Nov 28 Treet Battery Limited(TBL)	49,797,748 ▲ 0.00
Pace (Pak) Ltd. / Nov 28 Pace (Pakistan) Limited(PACE)	47,465,434 ▲ 0.00
WorldCall Telecom / Nov 28 Worldcall Telecom Limited(WTL)	44,206,223 ▲ 0.00
Cnergyico PK / Nov 28 Cnergyico PK Limited(CNERGY)	34,058,498 ▲ 0.00

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