News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Technology

Nergis Mavalvala is the ‘new icon’ for women scientists: Fawad Chaudhry

The Karachi born Dr. Mavalvala will succeed Michael Sipser, who will return to the faculty as the Donner Professor of Mathematics, after six years of service, informed MIT.

Published 19 Aug, 2020 11:08am

Business & Finance

Mastercard introduces Tokenization technology in MENA to enhances security capabilities

The new tokenization technology is also designed to protect security of consumers and merchants as shopping goes increasingly digital.

Published 19 Aug, 2020 10:41am

Business & Finance

2.3mn Pakistani youth could lose jobs under long term COVID containment: ADB

As per the report titled Tackling the COVID-19 Youth Employment Crisis in Asia and the Pacific, in the 6-month scenario, job losses for youth may equal 6.1 million in India, followed by Pakistan with 2.3 million.

Published 18 Aug, 2020 04:22pm

Markets

Fitch Ratings testament to govt’s ‘balanced and effective’ financial management, says Shaikh

Fitch Ratings on Monday has affirmed Pakistan’s long-term foreign-currency Issuer Default Rating (IDR) at “B-” with a stable outlook.

Published 18 Aug, 2020 01:37pm

Global community recognizes Pakistan’s FATF measures, says Azhar

Azhar told that the government had completed 14 of the 27 action items, whereas, out of the remaining 13, implementation on 11 points had been partially completed.

Updated 18 Aug, 2020 03:32pm

Markets

PTI two-years performance: Govt's sound policies led to economic revival, says Hafeez

Talking about the performance of the finance ministry, Adviser to the Prime Minister on Finance Abdul Hafeez Shaikh said that Pakistan was facing huge challenges when the current government came to power.

Updated 18 Aug, 2020 12:48pm

Pakistan

Pakistan born Nergis Mavalvala to head MIT’s School of Science

Back in 2016, Dr. Mavalvala was among the team of scientists who verified Albert Einstein’s 1915 general theory of relativity.

Published 18 Aug, 2020 11:40am

Business & Finance

These are the Top Richest families in the World

As per the latest list of the 25 richest families in the world released by Bloomberg, these 25 families are involved in various industries, media groups, agribusiness companies, and oil trade.

Published 18 Aug, 2020 10:48am

Markets

Engro Powergen Qadirpur among IPPs to sign MoU with govt

The IPPs have reached an understanding with Committee to alter their existing contractual arrangements in the larger national interest, to the extent of, and strictly with respect to, the matters listed under the Memorandum of Understanding (MoU) signed between the Parties on August 13, 2020.

Published 17 Aug, 2020 04:46pm

Business & Finance

With 100pc booking, Pakistan’s tourism industry growing says govt

The minister was of the view that the development is a clear demonstration of economic activity and the restoration of public confidence.

Published 17 Aug, 2020 03:42pm

Business & Finance

What led to ‘abnormal increase’ in remittances from Saudi Arabia? Expert answers

No cash transaction took place through Hajj/Umrah movement owing to a limited Hajj this year and ban on Umrah in place amid COVID-19, which pushed people towards using formal channels.

Updated 17 Aug, 2020 03:11pm

Business & Finance

Govt decides to provide digital banking facility to Overseas Pakistanis: Zulfi

The SAPM said that overseas Pakistanis will now be able to make direct banking payments and investments in the country.

Updated 17 Aug, 2020 02:58pm

Markets

HUBCO’s Narowal Energy Limited signs MoU with govt

HUBCO informed that under the terms of the MoU the ROE/ROEDC rate shall be changed from current 15pc in US$ to 17pc in PKR with no future US$ indexation.

Published 17 Aug, 2020 11:12am

Markets

Pakistan's remittances hit 'highest ever' of $2.76bn in July

As per details, the remittances showed 12.2 percent increase over June 2020 and 36.5pc increase over July 2019.

Published 17 Aug, 2020 10:58am

Markets

Tech giant Amazon sets foot in Pakistan

As per details, Amazon, the world’s largest eCommerce platform has registered an office in Pakistan under the name Amazon Data Services Pakistan (Pvt) Ltd.

Published 15 Aug, 2020 04:38pm

Markets

Pakistan’s ‘Blue Economy’ policy to revitalise shipping sector: PM

The Prime Minister said we will ensure that Pakistan fulfills its enormous maritime potential.

Published 15 Aug, 2020 02:02pm

Business & Finance

Pakistan to appeal against European Air Safety Agency ban

Just days ago, EASA rejected the appeal of Pakistan International Airlines (PIA), as the agency decided to maintain the ban on PIA flights till December 31.

Published 15 Aug, 2020 12:20pm

Markets

Pakistan’s home appliances manufacturer enters into house building, real estate

The development comes as the company appoints Adnan Afaq as Chairman and Haroon Ahmed Khan as Chief Executive Officer of the company for a period of three years.

Published 15 Aug, 2020 11:01am

Business & Finance

Investigative team that saved Pakistan from $1.2bn penalty in Karkey case awarded Sitara e Imtiaz

As per details, Brig Rana Arfan Shakeel Ramay, Lt Col Farooq Shahbaz, and International Dispute Unit Head Ahmed Irfan Aslam worked hard in gathering information from Swiss, Lebanese, and Dubai banks regarding the corruption of Turkish power rental company, Karkey.

Updated 15 Aug, 2020 05:20pm

Supreme Court issues detailed verdict of GIDC case

Justice Faisal Arab of the Supreme Court wrote a detailed decision of 78 pages. The decision was written by a majority of 2-1.

Published 13 Aug, 2020 03:39pm

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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