News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Date for filing income tax returns will not be extended, says FBR

As per a statement issued by the tax collecting authority, the FBR has taken several steps to facilitate the taxpayers to facilitate the submission of income tax returns. A new simple return form for the tax year 2020 has been introduced.

Published 02 Nov, 2020 10:39am

Business & Finance

Chinese smartphone maker Xiaomi sold more smartphones than Apple

According to the report, Samsung's sales in the third quarter of 2020 have increased by about 2 percent compared to the quarter of 2019, after which Samsung is at the top with 80.4 million smartphone units sold.

Published 31 Oct, 2020 03:48pm

Business & Finance

Govt raise medicine rates for the second time in October

According to the notification of the federal government across Punjab, the prices of every medicine went up for the second time in the month of October.

Published 31 Oct, 2020 02:27pm

Business & Finance

Bukhari invites US to travel and seek investment opportunities in Pakistan

There are a plethora of opportunities not just for those who are keen to travel to discover the world but also for those who are on the lookout for investment possibilities that offer promising returns, said Bukhari.

Published 31 Oct, 2020 12:47pm

Business & Finance

World’s top apparel brands Target, Hugo Boss shifting orders to Pakistan

“This is a good trend and I am very hopeful that this will continue. I hope that the exporters will capitalize on this opportunity,” he added.

Published 31 Oct, 2020 12:03pm

Business & Finance

Ships carrying wheat, sugar arrive in Pakistan

Pakistan is facing some 2.5 to 3 million metric tons shortage of wheat due to lower crop output during this season. Initially, the federal government allowed duty-free import of 3 million tons of the commodity including 1.5 million tons through TCP and the same quantity allocated to the private sector.

Published 31 Oct, 2020 11:39am

Markets

SBP’s policy initiatives amid COVID provided stimulus of around Rs 1.6tr: Baqir

The country’s central bank head in the State Bank of Pakistan Annual Report FY20 was of the view that despite numerous challenges during FY20, Pakistan’s economy performed relatively better, particularly on the external and fiscal fronts.

Published 31 Oct, 2020 11:11am

Business & Finance

US plans to sell 50 F-35 jets to UAE

The UAE, has long expressed its intention in acquiring the stealthy F-35 jets and was promised a chance to buy them in a side deal when it agreed to normalize relations with Israel.

Published 31 Oct, 2020 10:51am

Business & Finance

Attock Refinery Limited Clarification

This is apropos to a Business Recorder Web item "Despite sales decline, Attock Refinery Limited PAT rise by 21pc"...

Published 29 Oct, 2020 06:31pm

Business & Finance

ExxonMobil not to set up LNG terminal in Pakistan

“ExxonMobil is evaluating all appropriate steps to significantly reduce capital and operating expenses in the near term as a result of market conditions and commodity price decreases,” said Exxon spokesperson while talking to Business Recorder.

Published 29 Oct, 2020 05:51pm

Business & Finance

Jazz condemns sealing of its office, says FBR move hurt its ‘Reputation & Pride’

“Due to the drastic measures our corporate reputation and pride has been hurt and shakes the confidence of foreign investors of Jazz and others," says Jazz.

Published 29 Oct, 2020 05:00pm

Markets

PSX takes a beat down, KSE-100 drops over 1,200 points

The PSX ended on a negative note, with the benchmark KSE-100 index losing 1298.42 points, or 3.15%, as the trading session hit 39,888.44 points.

Updated 29 Oct, 2020 04:34pm

Business & Finance

Saudi Arabia plans to end the decade old ‘kafala’ system

The report added that the changes were to be unveiled earlier this year but were delayed due to the emergence of coronavirus pandemic.

Published 29 Oct, 2020 12:16pm

Markets

Benami Transactions: Authorities initiate investigation of five sugar mills

As far as the rest of the sugar mills are concerned, the information will be gathered including information from the banks and proceedings will be started after concluding the already initiated cases.

Published 29 Oct, 2020 11:29am

Business & Finance

PoS Integration: FBR signs MoU with Chain Stores Association

FBR said that this development provides for incentives to the retailers who voluntarily integrate with FBR’s system by 30th November 2020.

Published 29 Oct, 2020 11:04am

Technology

Apple steps up efforts to create its own ‘search engine’

Earlier, in the iPhone operating system, the web browser 'Safari' used to search for information on any object and reach the desired link through the Google search engine.

Published 29 Oct, 2020 10:40am

Business & Finance

FBR seals Jazz head office for non-payment of over Rs 25bn taxes

FBR in an order stated that the Income Tax amount of Rs 25,393,653,480 is outstanding against the defaulter (Jazz) while the defaulter is refraining itself “deliberately, dishonestly and without lawful excuse to discharge tax liability and thus causing huge loss to the national exchequer.”

Updated 29 Oct, 2020 11:57am

Markets

Enforcement Action: SBP imposes over Rs 271 million penalties on four banks

The SBP takes supervisory enforcement actions against those institutions that fail to comply with legal or regulatory requirements and these actions may range from the imposition of penalties, administrative and financial sanctions, and reference to concerned law enforcement/prosecution agencies.

Published 28 Oct, 2020 04:43pm

Business & Finance

ECC approves extension of power purchase agreement with Iran

The ECC granted approval for the renewal of the contract with Tavanir Iran for the purchase of 104MW of electricity subject to vetting by the Ministry of Law and Justice.

Published 28 Oct, 2020 04:22pm

Business & Finance

Hammad dismisses media report, says TCP imported sugar at 'competitive' rates

The minister said that the Trading Corporation of Pakistan (TCP) imported sugar at the 'most competitive' rates from the international markets without any government subsidy involved.

Published 28 Oct, 2020 02:15pm

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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