News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

SECP: How to open a brokerage account online?

It is expected that the new regime would revolutionize Pakistan’s capital markets and contribute significantly towards economic growth in the country by channeling investments and savings through the market.

Published 04 Dec, 2020 04:59pm

Business & Finance

PD rejects media reports, says Govt decision saved $237mn in last 27 months

The Petroleum Division said that the total of all cargos bought in 2020 on spot was USD 353 million, or Rs 57 billion, with an average just below 12 percent.

Updated 04 Dec, 2020 03:03pm

Business & Finance

Pakistan’s exports witness strong recovery’ despite COVID resurgence: SBP

The central bank shared data from the Pakistan Bureau of Statistics, showing a sharp recovery of Pakistan’s exports during the year, marred by the coronavirus pandemic.

Updated 04 Dec, 2020 03:58pm

Business & Finance

Pakistan inflation rate remains in single digits, says Asad Umar

The reduction in the rate of inflation has been sustained now for the past several weeks with SPI consistently in single digits, he added.

Published 04 Dec, 2020 12:29pm

Technology

Stripe launches embedded financial services platform Stripe Treasury

This product gives Stripe’s platform users powerful APIs to embed financial services, enabling their customers to easily send, receive and store funds.

Published 04 Dec, 2020 11:44am

Business & Finance

MoC releases Rs 1.78bn DLTL refunds for Textile Sector

The advisor informed that the DLTL for the non-textile sector will also be released shortly.

Published 04 Dec, 2020 11:08am

Business & Finance

FBR to give 90pc Tax Exemption on low-cost housing projects

So far 348 people have registered 389 projects with a total value of Rs. 157 billion.

Published 04 Dec, 2020 10:55am

Business & Finance

Netherlands AWECT to build $1bn waste to energy, desalination plant in Karachi

This is the first step towards sustainable development with low emission technology of Netherlands in renewable energy, said the Ministry of Maritime Affairs in a statement.

Published 03 Dec, 2020 03:06pm

Business & Finance

Pakistan’s third private airline AirSial, to be launched on Dec 9

AirSial plans to commence its operations from Mid-December 2020 across 5 cities of Pakistan Karachi, Sialkot, Islamabad, Lahore & Peshawar.

Published 03 Dec, 2020 12:57pm

Business & Finance

Tri-Pack Films to install a multi-billion BOPP manufacturing line

The company informed that the project cost is estimated up to PKR 9 billion and is sensitive to exchange fluctuations and changes in duty/tax.

Published 03 Dec, 2020 11:59am

Business & Finance

Indian Spice King; MDH owner passes away

The Indian entrepreneur, who for many years appeared in MDH spice advertisements breathed his last at about 5:38 this morning.

Published 03 Dec, 2020 11:36am

Business & Finance

PIA offers 30pc discount on domestic flights

The purpose of these fares was to facilitate travel of people to their homes and loved ones during these holidays at a much more affordable price.

Published 03 Dec, 2020 10:48am

Business & Finance

Pakistani IT, Textile giants among Forbes Asia’s 200 Best Under A Billion Companies

The annually released list highlights 200 Asia-Pacific public companies with less than $1 billion in revenue and consistent top-and bottom-line growth.

Published 03 Dec, 2020 10:36am

Business & Finance

ECC removes Regulatory Duty on cotton yarn

“The ECC today approved removal of Regulatory Duty on Cotton Yarn. This will facilitate the exports of apparel sector,’ said Dawood in a tweet post.

Published 02 Dec, 2020 04:24pm

Business & Finance

'Second wave' hampers Pakistan’s Refining, Fuel Demand Growth Outlooks: Report

The report said that a sharp resurgence in new daily Covid-19 infections in Pakistan has put the brakes on the government’s economic reopening plans after earlier lockdowns.

Published 02 Dec, 2020 02:46pm

Business & Finance

Argentina Air Force considering to purchase Pakistan's JF-17 Thunder jets

It has been reported that due to the unavailability of financial resources, the military authorities of Argentina want to buy Pakistan-made JF-17 Thunder instead of buying expensive fighter jets from Britain.

Published 02 Dec, 2020 12:57pm

Business & Finance

Pakistan’s Nov exports ‘highest during last 10 years’: Dawood

“This indicates a rising trend in our exports and I hope that with efforts of our exporters, this trend will continue,” he added.

Published 02 Dec, 2020 12:13pm

Business & Finance

FBR confiscate non-duty/ counterfeit cigarettes worth millions

The operations are being carried out by the Directorate of Intelligence and Investigation (Inland Revenue), Faisalabad as part of a drive to curb the illegal trade of non-duty / counterfeit cigarettes.

Published 02 Dec, 2020 11:27am

Business & Finance

Agreement inked for construction of 700MW Azad Pattan Hydropower Project

The Governments of AJ&K and Punjab will earn a significant amount of revenue on account of taxes, fees, etc, while during the operation period water use charges of approx., he added.

Published 02 Dec, 2020 10:50am

Technology

Video conferencing app Zoom enjoys exponential rise in sales thanks to COVID-19

In the third quarter of 2020, analysts had expected Zoom's revenue to increase by $694 million, but the increase turned out to be higher than expected.

Published 02 Dec, 2020 10:37am

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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