News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

India to ban import of more than 100 military equipment

The move by New Delhi is part of Prime Minister Narendra Modi's desire to make India a "self-sufficient" nation.

Published 10 Aug, 2020 11:39am

Markets

Mari Petroleum appoints Faheem Haider as MD & CEO

Faheem Haider would be replacing Lt Gen Ishfaq Nadeem Ahmad (Retd).

Published 10 Aug, 2020 11:25am

Business & Finance

Pak-China border via Khunjerab Pass to be closed

The border was opened in order to evacuate containers loaded with Chinese goods of Pakistani businessmen stranded in Kashgar.

Published 10 Aug, 2020 11:02am

Business & Finance

Deferred oil payment facility from Saudi Arabia expired last month: Ministry of Finance

The Ministry of Finance said that the deferred oil payment facility from Saudi Arabia expired on July 9 this year and a request to extend the agreement was being considered with Saudi Arabia.

Published 08 Aug, 2020 04:17pm

Business & Finance

SBP to credit Duty Drawbacks directly into Exporters bank accounts from Sept 1st

“I am pleased to announce that effective from 1st of September 2020, the SBP will be crediting the Duty Drawbacks directly into the bank accounts of the exporters,” he said.

Updated 08 Aug, 2020 04:52pm

Markets

FM Qureshi explains reason for repayment of $1bn to Saudi Arabia

"The coronavirus pandemic has put a lot of pressure on the Saudi economy. The way oil prices have fallen is a historical fact, it has affected their economy," said Qureshi, while talking to local media.

Published 08 Aug, 2020 01:00pm

Business & Finance

Moody's stable outlook testimony of Pakistan’s ‘V-shaped’ recovery: Asad Umar

Moody's Investors Service on Saturday confirmed Pakistan's B3 credit rating with the outlook at stable, as it concludes the review for downgrade initiated on 14 May 2020.

Published 08 Aug, 2020 11:30am

Markets

Moody's upgrades Pakistan's outlook to 'Stable' from ‘under review for downgrade’

The stable outlook reflects Moody's view that the pressures Pakistan faces in the wake of the coronavirus shock and prospects for its credit metrics, in general, are likely to remain consistent with the current rating level, the rating agency said.

Updated 08 Aug, 2020 01:38pm

Business & Finance

Govt appoints Brigadier (retd) Shuja Hassan as Pakistan Steel Mills CEO

As per details, a notification has also been issued for the appointment of Shuja Hassan as CEO of the Steel Mills on Friday.

Published 07 Aug, 2020 04:02pm

Business & Finance

Pakistan’s export product diversification strategy reaping results, says Dawood

Dawood was of the view that the diversification of our exports away from the traditional sectors to new developmental sectors is an important part of government strategy.

Published 07 Aug, 2020 03:11pm

Technology

Only 2pc Pakistani households own tablet, 7pc have laptops: reveals Gallup

Provincially, households from urban Sindh boast the highest percentage of ownership (4pc).

Published 07 Aug, 2020 02:13pm

Technology

Under fire TikTok releases Community Guidelines in Urdu

The development comes after last month Pakistan has issued a final warning to Chinese-owned social media app to clamp down on what it called "immoral, obscene and vulgar" content on the video-sharing platform.

Published 07 Aug, 2020 12:17pm

Technology

Fawad wants Sialkot to be given Gwadar like status for exports enhancement

“We want the entire district of Sialkot to be given the status similar to Gwadar so that the exports of $400 million can be increased to $2 billion in two years,” he said.

Published 07 Aug, 2020 10:56am

Business & Finance

SBP scale-up maximum loan sizes of MFBs, allows loans against gold collateral

The revisions were made to enable MFBs to serve financing needs of the low-income segments, said SBP.

Published 06 Aug, 2020 03:01pm

Markets

SBP introduces new category of foreign currency account for Overseas Pakistanis

ADs shall allow operations in the account through the digital channels e.g. internet/mobile banking, ATM/ Debit cards. The ADs may also issue cheque book to the account holder, if required.

Published 06 Aug, 2020 02:20pm

Markets

Avoiding default, Pakistan repays $1bn to Saudi Arabia

As per media reports, Pakistan has paid off $1bn for fear of defaulting on international loans following Saudi Arabia's decision to limit funding.

Published 06 Aug, 2020 01:56pm

Business & Finance

Govt resumes domestic flight operations from all airports

“All operators will be required to implement the established guidelines, SOPs, and to seek prior schedule approval from the Competent Authority,” said Pakistan Civil Aviation.

Published 06 Aug, 2020 01:24pm

Business & Finance

Bank Alfalah, TerraPay partners to offer remittance payment service in Pakistan

Through this partnership, overseas Pakistanis will be able to use TerraPay’s partners’ network to instantly deposit money to any bank account in Pakistan.

Published 06 Aug, 2020 12:47pm

Business & Finance

Despite COVID outbreak, State Bank’s NFLP surpasses all targets

SBP said that unique account ownership in the country has increased to 66 million with 60% active accounts by December 2019. The target of 50 percent of accounts has been accomplished well before the deadline of 2020.

Published 05 Aug, 2020 04:24pm

Business & Finance

PIA completes alternative arrangements for resumption of UK flight operations

As per details, in order to facilitate passengers traveling to the UK, an agreement has been reached between PIA and the Portuguese airline, under which flights will be operated by a modern Airbus 330A aircraft with more than 300 seats.

Published 05 Aug, 2020 03:23pm

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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