News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

China's Xi calls for using QR Code technology to resume global travel

President Xi has given a new proposal to facilitate international tourism suspended due to the coronavirus.

Published 24 Nov, 2020 11:11am

Business & Finance

MPCL enters into JV Agreement for Potential Mining Projects in Balochistan

“As part of its long term growth strategy, MPCL is evaluating multiple opportunities in nearcore and non-core sectors to diversify its business including mineral exploration in the prospective areas of the country,” it added.

Published 24 Nov, 2020 10:23am

Markets

SBP's Monetary Policy Committee maintain policy rate at 7pc

On the inflation front, recent out-turns have been on the higher side, primarily due to increases in food prices.
As per SBP, exports have recovered to their pre-COVID monthly level of around $2 billion in September and October, with the strongest recovery in textiles, rice, cement, chemicals, and pharmaceuticals.

Updated 23 Nov, 2020 04:08pm

Business & Finance

TPL Trakker to Provide Fleet Management Services to Sialkot’s Dry Port

Following the partnership, TPL Trakker will provide SDPT a customized solution catered to address their business needs.

Published 23 Nov, 2020 01:01pm

Markets

SBP's MPS: Expert anticipates continuation of ‘accommodating monetary policy’

The analyst said that the SBP has forecasted headline inflation of 7-9pc, according to which the real interest rate is 0-2pc on a forward-looking basis which will probably be maintained.

Published 23 Nov, 2020 12:34pm

Technology

Microsoft introduces free 24-hours video calling option

For this, the host will need a Microsoft account, after which he will be able to add up to 300 people to the call. If for some reason the host cannot speak, he can leave the meeting so that other people can continue talking for hours.

Published 23 Nov, 2020 10:45am

Business & Finance

Pakistan’s improvement in WTO's TFA implementation adding value to economy: Shaikh

Advisor to the Prime Minister on Finance Dr. Abdul Hafeez Shaikh has said that the World Trade Organization's Trade...

Published 23 Nov, 2020 10:07am

Business & Finance

SBP calls on concerted efforts to tackle high digital divide in Pakistan

The SBP report informed that amid COVID-19 businesses shift towards improving their online presence and as a result, the e-commerce market in FY20 is estimated to have expanded to Rs 234.6 billion, up 55.5 percent on YoY basis.
Within the digital payments, ecommerce transactions made via branchless banking channels more than doubled from last year.

Published 21 Nov, 2020 03:09pm

Business & Finance

Pakistan Oxygen to build multi-billion Air Separation Unit

“We are now pleased to convey that the Board of Directors of the Company in its meeting held on November 20, 2020, has approved an investment plan of about Rs. 6.3 billion to setup the latest and the most energy-efficient Air Separation Unit (the "Plant") in its class,” it said.

Published 21 Nov, 2020 12:27pm

Business & Finance

FIA, Sindh, Punjab police join hand to curb money laundering

Any crime, including money laundering, extortion or kidnapping for ransom, in which the use of money is proven, will now be investigated by the FIA.

Published 21 Nov, 2020 12:02pm

Business & Finance

Islamic Banking market share reaches 16pc

Moreover, at the end of September 2020, profit before tax of IBI stood at Rs 69.9 billion.

Published 21 Nov, 2020 11:17am

Business & Finance

Weekly SPI record increase of 0.24pc as price of food items rise

During the week, out of 51 items, prices of 13 (25.49%) items increased, 18 (35.29 %) items decreased and 20 (39.23%) items remained constant.

Published 21 Nov, 2020 10:27am

Business & Finance

ECC approves $150mn grant for COVID-19 vaccine purchase

The ECC has approved in principle a USD 150 million grant for the purchase of the coronavirus vaccine, with the first phase to purchase the covid-19 vaccine for health workers and people over 65 years of age.

Published 20 Nov, 2020 03:57pm

Technology

Apple to launch App Store Small Business Program for developers

The App Store Small Business Program will launch on January 1, 2021.

Updated 20 Nov, 2020 02:37pm

Business & Finance

Pak- Afghan PTA: MoC to begin engagement with stakeholders next week

The engagement will begin after the conclusion of PM Imran Khan maiden visit to Afghanistan.

Updated 20 Nov, 2020 01:02pm

Technology

Tech co’s could make their services unavailable in Pakistan amid new rules

As per the government, these rules provide for safeguards, process and mechanism for exercise of powers by the Authority under the Act for removal of or blocking access to unlawful online content through any information system.

Published 20 Nov, 2020 11:27am

Business & Finance

Flour rates decline with the arrival of imported wheat

The Economic Coordination Committee (ECC) of the Cabinet allowed the Trading Corporation of Pakistan to import 1.50 MMT of wheat on 4th August, 2020.

Published 20 Nov, 2020 10:47am

Business & Finance

State Bank MPC on Monday

Back in September, SBP decided to keep the policy rate unchanged at 7 percent.

Published 20 Nov, 2020 10:41am

Technology

Apple to pay $113mn for intentionally slowing down iPhones

33 US states had claimed that the technology company Apple slows down the performance of old mobile phones so that its users buy new phones.

Published 19 Nov, 2020 03:52pm

Business & Finance

After 25 years, KCR becomes operational

The fare of the Karachi Circular Railway train will be Rs. 50 per person while the speed will be barely 35 km per hour.

Updated 19 Nov, 2020 09:18pm

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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