News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Markets

These are the world’s most expensive cities during Covid-19

Cities in the Americas, Africa and Eastern Europe have become less expensive since last year, while Western European cities have become costlier.

Published 19 Nov, 2020 12:56pm

Technology

TikTok gives more control to parents

According to details, the new feature introduced by one of the world's most popular video-sharing app has given parents the ability to not only change the app's search and settings, but no stranger will be able to see the posts of their children without their permission.

Published 19 Nov, 2020 11:23am

Business & Finance

Poultry exporters urge to find new markets after Duty drawback facility allowed

The Advisor urged the exporters in the poultry sector to take advantage of this new sector and find new markets for Pakistan's exports.

Published 19 Nov, 2020 10:54am

Business & Finance

Pakistan’s C/A maintains surplus for fourth consecutive month

As per the central bank, this comes on the back of a sustained increase in remittances and a smaller trade deficit.

Updated 19 Nov, 2020 11:38am

Markets

SECP approves launch of first P2P Lending Platform in its Regulatory Sandbox

The P2P lending helps the borrowers give out short-term loans that enable the SMEs to scale up their business, eventually qualifying them to take bigger bank loans.

Published 18 Nov, 2020 04:57pm

Technology

Facebook increasing AI usage for content moderation

While there are still around 15,000 human reviewers across over 50 time zones, Artificial Intelligence (AI) now primarily helps in proactively removing content which goes against Facebook’s policies.

Published 18 Nov, 2020 04:53pm

Markets

ADB raises over $11mn in First Issue of Pakistan Rupee-Linked Bonds

The international bond issue pays a 7.50% semi-annual coupon and matures in August 2023. The bonds were arranged by Citigroup Global Markets and sold to European asset managers.

Published 18 Nov, 2020 03:47pm

Markets

PSX eyeing to enhance Circuit Breakers and Market Halt

Enhancement of scrip based Circuit Breakers was implemented in a phased manner along with the introduction of an index-based market halt in January 2020.

Published 18 Nov, 2020 03:05pm

Business & Finance

Finance Adviser Shaikh urges on improving governance

Shaikh said that despite the Coronavirus pandemic, the Pakistani economy performed positively, the government distributed financial assistance to the beneficiaries under the Ehsas program and provided a special package for the business community to mitigate the COVID-19 impact.

Published 18 Nov, 2020 02:22pm

Markets

The State of Pakistan's Economy: Prudent policies kept economy on stabilization path

According to the report, following difficult but necessary stabilization efforts during the first nine months of the fiscal year, Pakistan’s economy was well on course for a steady recovery on the eve of the Covid-19 pandemic.

Updated 18 Nov, 2020 01:31pm

Business & Finance

Trade body urges Pakistani industrialists to fill the trade gap with African region

Africa is a vast sea of trade with exports of trillions of dollars, he said.
Under the Look Africa policy, the present Pakistani government has focused on the African continent and as a result, exports have increased by 15 percent.

Published 18 Nov, 2020 11:57am

Technology

Twitter launches ‘Fleets’ its own disappearing tweets feature

“Some of you tell us that tweeting is uncomfortable because it feels so public, so permanent, and like there’s so much pressure to rack up retweets and likes,” Twitter’s design director, Joshua Harris, and product manager, Sam Haveson, wrote in a blog post.

Published 18 Nov, 2020 11:26am

Markets

State Bank allows Non-Resident Pakistani to open FCVA, NRVA

“A non-resident individual Pakistani” is eligible to open a Foreign Currency Value Account (FCVA). It is clarified that an individual non-resident, holding Pakistan Origin Card (POC) is also eligible to open FCVA."

Published 18 Nov, 2020 10:54am

Pakistan

Shabbar Zaidi dismisses ‘fake messages’ on social media, offers support to PM Khan

“I reiterate that IK supported me in all my actions. We all should come forward in helping him for eradicating Mafias in this country,” he tweeted.

Updated 18 Nov, 2020 11:19am

Business & Finance

Karachi Circular Railway to restart from Thursday

Initially, the KRC will run from Pipri to Landhi and Orangi Town.

Published 17 Nov, 2020 03:06pm

Business & Finance

Pakistan's exports to the region fell by 24pc

The country's trade deficit with the regional countries declined during the period, as imports from those countries also declined.

Updated 17 Nov, 2020 03:31pm

Markets

Al-Shaheer Corporation decide to increase share capital by Rs 1bn

The company was set up in 2012 and was soon after listed on the Pakistan Stock Exchange (PSX).

Published 17 Nov, 2020 01:42pm

Technology

Huawei selling its Honor smartphone business to ensure ‘survival’

“Once the sale is complete, Huawei will not hold any shares or be involved in any business management or decision-making activities in the new Honor company,” it said.

Published 17 Nov, 2020 12:51pm

Business & Finance

SBP makes amendments in Guidelines for White Label ATM Operators

Referring to the PSD Circular No 5 dated June 01, 2018, regarding “Guidelines on White Label ATM Operators” (Guidelines). The central bank in order to facilitate WLAOs and to bring more efficiency in cash management and settlement, the following amendments have been made in above Guidelines.

Published 17 Nov, 2020 12:35pm

Business & Finance

Turkish Cos keen to establish industrial units in Pakistan to cater construction sector

Speaking at the occasion, Mustafa SAK, President, ADO Group said that they have seen huge potential for investment in Pakistan and they wanted to set up industrial units to produce construction material and products to meet the needs of the local construction industry.

Published 17 Nov, 2020 11:48am

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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