News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Markets

Saudi Arabia slashes oil prices as demand weakens

The move was initiated by industry giant Saudi Arabia which is cutting prices for October shipments in an effort to support market demand for both its Asian and American customers.

Published 09 Sep, 2020 11:11am

Technology

New Hyundai Tucson to boost TPL Trakker AVN Systems

Hyundai Nishat Motor (Private) Limited has launched Hyundai Porter and Hyundai Tucson as CKD, as it aims to cement its brand in the country’s auto sector.

Published 08 Sep, 2020 04:17pm

Business & Finance

World Bank stresses on improving Karachi's solid waste management system

The WB in a series of tweets stated that in view of the emergency situation and ongoing floods in Karachi, the Sindh government would finance and implement activities through its funds.

Updated 08 Sep, 2020 04:08pm

Pakistan

Govt to set up Cyber Crime Wing to catch fake message fraudsters

The Cyber Crime Wing will be set up in BISP with the aim of using digital technology in cracking down on the corrupt elements who fool the masses with deception and forgery.

Published 08 Sep, 2020 02:31pm

Business & Finance

Punjab Employment Scheme: CM approves launch, calls for further markup cut

Usman Bazdar in the meeting approved the launch of the Punjab Employment Scheme and directed to launch it this month.

Published 08 Sep, 2020 12:44pm

Business & Finance

Malaysia bans entry of Pakistanis among 23 countries after COVID cases spike

The Malaysian government has announced that it will impose an entry ban on citizens of countries recording more than 150,000 cases of Covid-19 starting Sept 7.

Published 08 Sep, 2020 12:23pm

Business & Finance

SBP Rozgar scheme saves over 1.4mn jobs

Soon after the outbreak of Covid-19 pandemic, the SBP took a number of steps to provide economic support to businesses and households.

Published 08 Sep, 2020 12:03pm

Pakistan

Pakistan’s NUTECH University develops ventilator to meet local needs

NUTECH scientists and engineers have commenced work on 3D Printer and portable X-Ray System as part of COVID-19 Initiatives under MoST.

Published 08 Sep, 2020 11:00am

Technology

Easypaisa, PayFast join hands to accelerate online payments in Pakistan

Under the partnership, Easypaisa wallet users can now pay online using PayFast’s indigenous payment gateway.

Published 08 Sep, 2020 10:33am

Business & Finance

Australian iron ore producer eager to invest in Pakistan’s renewable energy sector

The interest was expressed by the company's Chairman Andrew Forrest during his meeting with Prime Minister Imran Khan in Islamabad on Monday

Published 07 Sep, 2020 04:14pm

Markets

In a first , govt raise Rs 200bn through Sukuk at less than KIBOR rate

“For the first time the Government raised Rs 200 Bn through Sukuk at less than KIBOR rate, through competitive book building at PSX, saving Rs 18 Bn over 10 years of debt servicing,” said Sheikh.

Published 07 Sep, 2020 03:47pm

Business & Finance

WB’s ICSID considering Pakistan’s appeal to reverse $6bn penalty in Reko Diq case

The World Bank's ICSID on July 13, 2019, announced 700-page judgment regarding $5.976 billion (Rs 944.21 billion) award against Pakistan in the Reko Diq case.

Published 07 Sep, 2020 01:55pm

Technology

Pakistani startups raised $10 million in H1 2020, witness 9pc decline: Report

The report said that Pakistan’s ecosystem is young, and is consistent with other nascent ecosystems.

Published 07 Sep, 2020 12:07pm

Markets

Pakistan's exports, FBR revenue has increased as COVID declines, says Sheikh

Hafeez Sheikh said that the government wants to give autonomy to the institutions.

Updated 07 Sep, 2020 12:32pm

Karachi Transformation Plan: PM announces historic Rs1,100bn package

Provincial Coordination And Implementation Committee (PCIC) has been established which will include all the stakeholders.
Earlier, Prime Minister Imran Khan chaired a meeting of Karachi Committee at Governor House.

Updated 07 Sep, 2020 12:49pm

PM arrives in Karachi to implement Transformation Plan

On arrival in Karachi, Sindh Governor Imran Ismail and Sindh Chief Minister Syed Murad Ali Shah received Prime Minister Imran Khan.

Updated 08 Sep, 2020 04:28pm

Business & Finance

China appreciates PM Imran Khan's remarks on CPEC

" We will work with the Pakistan government in earnest under the guidance of the two leadership for a shared future,” stated the Embassy of China on its Twitter handle.

Published 05 Sep, 2020 11:50am

PM Khan visits Karachi, Rs802bn projects to be announced

Under the Prime Minister's visit to Karachi, six projects of mass transit system have also been announced for the metrpolis.

Published 05 Sep, 2020 10:27am

Markets

SECP's Joint Director Sajid Gondal goes missing

As per details, the family members said that Sajid Gondal had not returned home since last evening and his vehicle was found parked near Agricultural Research Center Shehzad Town.

Published 04 Sep, 2020 02:27pm

Business & Finance

PIA reduces domestic fares again

The national airline with 35 kg of luggage has reduced the one-way fare to only Rs 8,400 while the two-way fare to only Rs 15,000.

Published 04 Sep, 2020 02:19pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 28	277.93
USD PKR Interbank Buying / Nov 28	278.13
USD to Japanese Yen / Nov 28	151.53
USD to Swiss Franc / Nov 28	0.88
Pound Sterling to USD / Nov 28	1.27
Euro to USD / Nov 28	1.05

Stock	Volume
S&P 500 / Nov 27	5,998.74
Nasdaq / Nov 27	19,060.48
Dow Jones / Nov 27	44,722.06
India Sensex / Nov 28	79,455.91
Tokyo Nikkei / Nov 28	38,303.45
Hang Seng / Nov 28	19,368.83
FTSE 100 / Nov 28	8,289.96
Germany DAX 30 / Nov 28	19,381.32

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 27	17,685
Gold 10 Grams PKR / Nov 27	236,540
Petrol/Litre / Nov 28	248.38
Crude Oil USD/Barrel / Nov 28	68.72
Gold Spot USD/Ounce / Nov 28	2,635.70
Diesel/Litre / Nov 28	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 28 786 Investments Limited(786)	6.54 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 28 Al-Abbas Sugar Mills Limited(AABS)	615 ▼ 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)	69.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 28 Allied Bank Limited(ABL)	132.35 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 28 Abbott Laboratories (Pakistan) Limited(ABOT)	992.51 ▼ 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)	12.20 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 28 786 Investments Limited(786)	6.54 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 28 Al-Abbas Sugar Mills Limited(AABS)	615 ▲ 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)	69.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 28 Allied Bank Limited(ABL)	132.35 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 28 Abbott Laboratories (Pakistan) Limited(ABOT)	992.51 ▲ 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)	12.20 ▲ 0.00 (0.00%)

Stock	Volume
B.O.Punjab / Nov 28 The Bank of Punjab(BOP)	114,966,225 ▲ 0.00
Hascol Petrol / Nov 28 Hascol Petroleum Limited(HASCOL)	106,286,630 ▲ 0.00
K-Electric Ltd. / Nov 28 K-Electric Limited(KEL)	91,200,956 ▲ 0.00
Fauji Foods Ltd / Nov 28 Fauji Foods Limited(FFL)	54,248,949 ▲ 0.00
Bank Makramah / Nov 28 Bank Makramah Limited(BML)	37,218,539 ▲ 0.00
Pace (Pak) Ltd. / Nov 28 Pace (Pakistan) Limited(PACE)	35,016,136 ▲ 0.00
Sui South Gas / Nov 28 Sui Southern Gas Company Limited(SSGC)	30,887,483 ▲ 0.00
Cnergyico PK / Nov 28 Cnergyico PK Limited(CNERGY)	29,932,157 ▲ 0.00
WorldCall Telecom / Nov 28 Worldcall Telecom Limited(WTL)	26,219,598 ▲ 0.00

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