News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Pakistan

IMF has called for a ‘tough budget’, but govt optimistic of agreement in June: Miftah

Despite lender's insistence, govt will not increase rate of personal income tax, says finance minister
Stresses that the biggest obstacle in way of programme revival was fuel subsidy

Updated 28 May, 2022 10:12pm

Pakistan

Political situation 'very toxic' for agreement on Charter of Economy: Shaukat Tarin

Former finance minister Shaukat Tarin said on Saturday that an agreement on a Charter of Economy – a broad ...

Published 28 May, 2022 07:59pm

Business & Finance

Auto financing for consumers: SBP reduces loan tenure as import bill bites

As the country battles a bulging import bill, the State Bank of Pakistan (SBP) reduced on Tuesday the consumer...

Published 24 May, 2022 02:30pm

Business & Finance

Experts react as SBP jacks up key interest rate

Action on the fiscal side by the government would decide future course

Published 23 May, 2022 05:57pm

Markets

Hoarding by exporters contributing to rupee's fall, dealers say

Rule out currency's collapse is due to public demand, stress ample supply for buyers available

Published 18 May, 2022 04:53pm

Perspectives

IMF programme may be crucial, but Pakistan's economic woes run really deep

Amid commencement of talks between Pakistan and the International Monetary Fund (IMF), there have been high hopes...

Updated 07 May, 2022 07:02pm

Business & Finance

PM Shehbaz constitutes 21-member Economic Advisory Council

Will convene on a weekly basis

Updated 28 Apr, 2022 08:20pm

Technology

Another round: Pakistan’s Abhi raises $17mn in Series A funding

Funding round was led by international venture capital firm Speedinvest

Updated 19 Apr, 2022 05:22pm

Business & Finance

Power generation cost up 66% YoY in March

This is mainly due to rise in coal, furnace oil, RLNG, nuclear and gas-based cost of generation

Updated 19 Apr, 2022 03:09pm

Business & Finance

Lucky Motor Corp jacks up KIA car prices as rupee falls, freight charges rise

Sportage variants get pricier by Rs300,000

Updated 18 Apr, 2022 09:34pm

Pakistan

Bank employees stage protest outside SBP, urge govt to take back longer working hours

SBP has recently notified a six-day working week, and longer work-day

Updated 15 Apr, 2022 05:48pm

Business & Finance

SBP injects Rs3.16 trillion in 7-day OMO

The State Bank of Pakistan (SBP) has injected Rs3.169 trillion worth of liquidity into the money market via an open...

Published 15 Apr, 2022 02:55pm

Technology

Electronic Money Institutions: here is a list of all SBP-authorised EMIs in Pakistan

As Pakistan adopts digital payments, the financial sector has been abuzz with new players looking to enter the ...

Updated 10 Apr, 2022 01:35am

Pakistan

Experts identify key economic challenges amid political chaos

Pakistan is facing challenges on multiple fronts including rising inflation and depleting foreign exchange reserves

Updated 08 Apr, 2022 03:24pm

Perspectives

Economy on the back-burner: some difficult decisions needed

The ongoing political turmoil in Pakistan only added to the woes of an already battered economy, which is faced with...

Published 08 Apr, 2022 03:58am

Technology

Q1CY22: Pakistan's startups carry on with fund-raising momentum

Deal Flow Tracker by Invest2Innovate shows $165 million raised across 15 deals in just three months

Published 02 Apr, 2022 10:10pm

Markets

Energy symposium: experts call for power sector reforms, deregularisation

KARACHI: Experts have called for market reforms and deregularisation in the power sector to allow Pakistan to kick...

Updated 01 Apr, 2022 11:04pm

Technology

Lahore-based COLABS raises $3mn in early funding

Will use funds to expand to other cities

Updated 26 Mar, 2022 11:54am

Pakistan

Reko Diq project to boost Balochistan economy, generate $100bn over its lifespan, says Tarin

Terming the settlement with Barrick Gold Corporation and Antofagasta for the revival of Reko Diq as a ‘major ...

Updated 22 Mar, 2022 06:53pm

Business & Finance

Pakistan's current account deficit reduces massively to $545mn in February

Registers 78% decline month-on-month after clocking in at $2.53 billion in January

Updated 19 Mar, 2022 05:52pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 28	278.92
USD PKR Interbank Buying / Jan 28	278.72
USD to Japanese Yen / Jan 28	155.53
USD to Swiss Franc / Jan 28	0.90
Pound Sterling to USD / Jan 28	1.25
Euro to USD / Jan 28	1.04

Stock	Volume
S&P 500 / Jan 27	6,012.28
Nasdaq / Jan 27	19,341.84
Dow Jones / Jan 27	44,713.58
India Sensex / Jan 28	76,094.74
Tokyo Nikkei / Jan 28	39,027.98
Hang Seng / Jan 28	20,225.11
FTSE 100 / Jan 28	8,540.25
Germany DAX 30 / Jan 28	21,333.78

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 27	18,485
Gold 10 Grams PKR / Jan 27	247,856
Crude Oil USD/Barrel / Jan 28	73.47
Gold Spot USD/Ounce / Jan 28	2,742.12
Cotton US¢/pound / Jan 28	67.09
Petrol/Litre / Jan 29	256.13

Gainers
Losers
Leaders

Stock	Price
First Elite Cap.Mod / Jan 28 First Elite Capital Modaraba(FECM)	6.97 ▲ 0.67 (10.63%)
Sanghar Sugar / Jan 28 Sanghar Sugar Mills Limited(SANSM)	27.90 ▲ 2.54 (10.02%)
Dewan Motors / Jan 28 Dewan Farooque Motors Limited(DFML)	47.52 ▲ 4.32 (10%)
Agritech Non-voting / Jan 28 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.2 (10%)
Citi Pharma Ltd / Jan 28 Citi Pharma Ltd.(CPHL)	94.15 ▲ 8.56 (10%)
Faran Sugar / Jan 28 Faran Sugar Mills Limited(FRSM)	51.70 ▲ 4.7 (10%)
Leather Up Ltd. / Jan 28 Leather Up Limited(LEUL)	40.37 ▲ 3.67 (10%)
Mehran Sugar / Jan 28 Mehran Sugar Mills Limited(MRNS)	50.60 ▲ 4.6 (10%)
Shahtaj Sugar / Jan 28 Shahtaj Sugar Mills Limited(SHJS)	124.94 ▲ 11.35 (9.99%)

Stock	Price
Chenab Ltd (Pref) / Jan 28 Chenab Limited (Pref)(CLCPS)	3.40 ▼ -0.51 (-13.04%)
B. F. Mod. / Jan 28 B.F. Modaraba(BFMOD)	7.39 ▼ -1 (-11.92%)
Grays Leasing / Jan 28 Grays Leasing Limited(GRYL)	4.71 ▼ -0.59 (-11.13%)
Dewan Textile / Jan 28 Dewan Textile Mills Limited(DWTM)	7 ▼ -0.85 (-10.83%)
East West Ins. / Jan 28 East West Insurance Company Limited(EWIC)	51.56 ▼ -5.73 (-10%)
National Silk / Jan 28 The National Silk & Rayon Mills Limited(NSRM)	49.40 ▼ -5.37 (-9.8%)
Masood Textile / Jan 28 Masood Textile Mills Limited(MSOT)	51.51 ▼ -5.59 (-9.79%)
Suhail Jute / Jan 28 Suhail Jute Mills Limited(SUHJ)	89.88 ▼ -9.31 (-9.39%)
Chakwal Spinning / Jan 28 Chakwal Spinning Mills Limited(CWSM)	54 ▼ -5.07 (-8.58%)

Stock	Volume
WorldCall Telecom / Jan 28 Worldcall Telecom Limited(WTL)	67,565,578 ▼ -0.04
Sui South Gas / Jan 28 Sui Southern Gas Company Limited(SSGC)	51,651,701 ▼ -1.18
Cnergyico PK / Jan 28 Cnergyico PK Limited(CNERGY)	50,683,570 ▼ -0.24
Fauji Foods Ltd / Jan 28 Fauji Foods Limited(FFL)	26,333,106 ▼ -0.66
Citi Pharma Ltd / Jan 28 Citi Pharma Ltd.(CPHL)	26,034,484 ▲ 8.56
Pak Elektron / Jan 28 Pak Elektron Limited(PAEL)	22,790,060 ▼ -0.34
Fauji Cement / Jan 28 Fauji Cement Company Limited(FCCL)	18,681,185 ▼ -0.93
P.T.C.L. / Jan 28 Pakistan Telecommunication Company Ltd(PTC)	18,282,383 ▼ -0.43
K-Electric Ltd. / Jan 28 K-Electric Limited(KEL)	17,691,845 ▼ -0.06

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