News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Chinese, Russian companies eye to purchase PSM, informs Azhar

We have received expressions of interest from 12 global companies for the privatization of the PSM, and six of them have visited the facility, said Azhar.

Published 16 Jul, 2020 02:15pm

Business & Finance

Etihad resumes flight operations in Pakistan, with mandatory tests for passengers

The airline will operate 12 flights per week in Pakistan i.e. seven from Lahore, two from Islamabad, and three from Karachi

Published 16 Jul, 2020 01:17pm

Business & Finance

CAA says all licenses issued to pilots are genuine, valid

Jami wrote in his letter that the verification of licenses was done during the aviation reforms, and some shortcomings in the procedure have been identified which are being rectified.

Published 16 Jul, 2020 12:46pm

Business & Finance

China to become world’s leading economy by 2024, India to claim the third spot

India, which was nowhere in the picture in 2008 is expected to become the third-largest global economy by 2024, shifting Japan to the fourth spot.

Published 16 Jul, 2020 12:08pm

Business & Finance

SBP issues mandatory Targets for Housing and Construction Finance

The central bank pointed out that in Pakistan, bank financing for mortgages and housing construction is less than one percent of GDP which is one of the lowest in the region.
SBP said that banks have remained reluctant over the years to extend mortgage financing for various reasons.

Published 15 Jul, 2020 05:27pm

Pakistan

Over Rs150bn distributed so far under Ehsaas Emergency Cash Program

The statement said that Rs69.68 billion was distributed among more than 57.58 million people in Punjab and Rs7.73 billion was distributed among more than 636,000 people in Balochistan.

Published 15 Jul, 2020 03:18pm

Business & Finance

Pakistan resumes Afghanistan exports to India through Wagah

The Foreign Office (FO) on Monday said that Pakistan has decided to resume exports through the border on special request from the Government of Afghanistan.

Published 15 Jul, 2020 01:47pm

Business & Finance

Diamer Bhasha commencement of construction a ‘historic milestone’, says Bajwa

The construction would also boost sectors including steel, cement, and construction sectors creating over 16,000 jobs as well.

Updated 15 Jul, 2020 01:53pm

Business & Finance

Hafeez Sheikh to chair ECC meeting today

Policy guidelines for the provision of satellite services in the country will be considered.

Published 15 Jul, 2020 12:16pm

Pakistan

Sindh to issue smart cards instead of vehicle registration books

The provincial minister for excise and taxation said that the smart card would contain all the tax records of the vehicle owner and the vehicle, security features of the vehicles and number plates would also be prepared.

Published 15 Jul, 2020 11:52am

Business & Finance

Dairy association calls for revival of zero rated sales tax regime

*The body was of the view that no initiatives were taken to revive the dairy sector of Pakistan despite submitting three proposals to the government.

Updated 15 Jul, 2020 11:56am

Business & Finance

Hydrocarbon reserves discovered in Kohat

The well has tested 3,240 barrels per day of condensate, 16.12 MMscf per day of gas, and 48 barrels per day of water.

Updated 17 Jul, 2020 03:57pm

Business & Finance

Iran drops India from Chabahar rail project

The entire project would be completed by March 2022 without India’s assistance, at a cost of $400 million which will be financed by the Iranian National Development Fund.

Updated 14 Jul, 2020 03:51pm

Business & Finance

Technical glitch at Bin Qasim power plant leads to 130 MW shortfall

The power utility is facing a 130 MW reduction in power generation capacity, which will lead to temporary load management in low-loss areas.

Published 14 Jul, 2020 11:51am

Business & Finance

Pakistan racing towards manufacturing its own agricultural drones

An MoU was signed for this purpose, between the Ministry of Science and Technology and ABN SATUMA (Private) Ltd for the development of UAVs/drones for agriculture application. The drones will specifically be used for countering locust attacks, which has caused havoc across the country.

Published 14 Jul, 2020 11:15am

Business & Finance

Pakistan receives 'record high' remittances in June

On a cumulative basis, workers’ remittances increased to another “historic high level’ of $23,120.7 million during FY20, witnessing a growth of 6.4pc over $ 21,739.4mn during FY19.

Published 13 Jul, 2020 03:29pm

Pakistan

PNS Yarmook joins Pakistan naval fleet

The 2,300-tonne corvette PNS ‘Yarmook’ F-271 is capable of performing a variety of tasks and maritime operations and could also transport a helicopter and an Unmanned Aerial Vehicle (UAV).

Updated 13 Jul, 2020 04:17pm

Business & Finance

PPE a silver lining for Pakistan exports, says Dawood

Pakistan has “really moved fast into that area,” said Dawood, and was optimistic that the current year would be better than the previous, with regards to PPE exports.

Published 13 Jul, 2020 01:49pm

Pakistan

Punjab to setup 20 Mobile ‘Arazi’ Centers

These centers will facilitate citizens to avail of various services at their doorsteps.

Published 13 Jul, 2020 12:11pm

Business & Finance

After ventilators, Pakistan to develop its own smart cricket balls

The minister called on the sports goods manufacturers of Sialkot, a city known globally for its sports products to have a joint project with the technical universities of the country to develop this product.

Published 13 Jul, 2020 11:36am

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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