News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Markets

Shahram Bakhtiari appointed as Silkbank President & CEO

The bank in its filing to the Pakistan Stock Exchange (PSX) on Wednesday informed that Bakhtiari, who has been leading the Retail Banking would replace Azmat Tarin.

Updated 06 Aug, 2020 02:39pm

Business & Finance

Pakistan's demand for cleaner fuels to support Chinese markets

Domestic supply tightness, coupled with aging refineries that are unable to produce high grade fuel will push Pakistan to rely a lot more on imports, said the report.

Published 05 Aug, 2020 02:41pm

Pakistan

Youm-e-Istehsal: PM Khan vows to raise Kashmiri voices

“I will continue to be an ambassador for all Kashmiris whose voices India has tried to silence through its brutal illegal occupation of IIOJK,” said PM.

Published 05 Aug, 2020 12:06pm

Business & Finance

NSS profit rates increase marginally

Whereas, the rate of return on Defense Savings Certificates increased by 34 basis points and the rate of return was increased from 8.11pc to 8.45pc.

Published 04 Aug, 2020 04:05pm

Business & Finance

Opening up of tourism, restaurant industry, NCC to take final decision

“Started consultations at NCOC with provinces on review and possible revision of sectors (subject to SOPs) on Negative List of opening up,” said Azhar in a tweet post.

Published 04 Aug, 2020 02:28pm

Business & Finance

Federal Cabinet to approve Sima Kamil as Deputy Governor SBP

As per reports, the federal cabinet meeting being held today ( Tuesday) will approve the appointment of Kamil.

Published 04 Aug, 2020 12:56pm

Business & Finance

Despite COVID Pakistan exports post 5.8pc growth in July, as imports decline

“This is a great achievement considering that for the last four months, since March 2020, we witnessed a decline in exports,” said Advisor to Prime Minister on Trade, Abdul Razzak Dawood.

Published 04 Aug, 2020 12:22pm

Pakistan

Chaman border open for pedestrian travel

According to security sources, the Pak-Afghan border has been reopened for a day in the spirit of goodwill. The border will be open from 8 am to 5 pm.

Published 04 Aug, 2020 12:00pm

Business & Finance

PIA sacks 63 employees, including five captains

The national carrier’s Human Resources Division released a list of actions taken against 63 employees.

Published 04 Aug, 2020 11:11am

Markets

Inflation bites consumers in the first month of financial year

On month-on-month basis, the inflation rate increased by 2.5pc in July 2020 as compared to an increase of 0.8pc in the previous month and an increase of 1.8pc in July 2019.

Updated 03 Aug, 2020 04:35pm

Business & Finance

Record decline in raw hide price worries leather traders

On Eid-ul-Adha, leather traders are worried, after the low demand for raw leather in the local and international markets, the prices of leather have come down significantly.

Published 03 Aug, 2020 01:04pm

Business & Finance

Pakistan’s BOP position to improve on back of low trade deficit, remittances; Study

The report was of the view that as the number of daily new cases and deaths are falling, the country is likely to remain open, lowering the odds of a domestic supply disruption.

Published 03 Aug, 2020 12:29pm

Business & Finance

COVID-19 to hit hard Pakistan’s remittance inflows: ADB

“The COVID-19 pandemic is expected to hit remittances hard in Asia and the Pacific. In 2019, 6 of the 10 largest remittance recipients globally were from this region—India, the People’s Republic of China (PRC), the Philippines, Pakistan, Bangladesh, and Vietnam,” said ADB in its report.

Published 03 Aug, 2020 10:36am

Technology

Easypaisa new App features redefine the Way Customers Pay Bills

The platform has introduced new features with the addition of various billers such as government payments, educational institutes’ fee payments, and credit card payments to facilitate bill payments process.

Published 30 Jul, 2020 04:46pm

Markets

‘The State of Pakistan’s Economy’: Stabilization measures provided cushion against COVID downturn

The central bank said that these measures provided a period of necessary stabilization and also made the economy relatively better equipped to respond to any external shocks than it would have otherwise been.

Published 30 Jul, 2020 04:08pm

Business & Finance

Pakistan sets new record in electricity generation

As per the federal minister, the record was achieved on Tuesday at around 3 pm, when Pakistan generated 23,116 MW of electricity.

Published 30 Jul, 2020 03:16pm

Business & Finance

SBP renews status of VIS and PACRA credit rating agencies

Banks and DFIs using the standardized approach of Basel framework are allowed to use credit ratings assigned by VIS and PACRA for CAR calculation purposes.

Published 30 Jul, 2020 02:28pm

Pakistan

Senate Standing Committee approves the "Anti-Terrorism (Amendment) Bill, 2020"

In a meeting chaired by Chairman Committee Senator Javed Abbasi, Foreign Office officials said that both the Asia Pacific Group and the Financial Action Task Force (FATF) were monitoring Pakistan. They said that the Security Council sanctions must be implemented.

Updated 30 Jul, 2020 02:42pm

Business & Finance

As US, China tensions deepen; global manufacturers could shift to Pakistan: Report

"Both Chinese and global manufacturers may move their factories from China to Pakistan,” said Canadian research firm BCA in its latest report.

Published 30 Jul, 2020 11:39am

Business & Finance

SBP allows Islamic Banking Windows to offer all types of financing products

Under the revised instructions, IBWs can now offer all types of financing products to their customers including Corporates, SMEs, Agriculture, Housing, and Consumers.

Published 29 Jul, 2020 01:34pm

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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