News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Markets

Rupee’s stable road: PKR sees off best year since 2015

Currency had depreciated for a successive 7 years before seeing some gain in 2024

Updated 01 Jan, 2025 04:50pm

Markets

PSX record rally: more Pakistani companies join billion-dollar club

Number of companies with over billion-dollar capitalisation increases from six in May 2024 to 11 in December 2024

Published 16 Dec, 2024 04:16pm

Technology

Out of 2.32mn freelancers, only 38,000 hold bank accounts in Pakistan, PM Committee told

In a startling development, it was disclosed during a high-level meeting of the Prime Minister’s Committee on IT...

Updated 13 Dec, 2024 09:57pm

Markets

Gold price per tola decreases Rs5,400 in Pakistan as international market reacts to Trump’s victory

The impact of the recent decline in the international gold price was also felt in Pakistan, with the price of a tola...

Updated 07 Nov, 2024 10:28pm

Perspectives

Moving away from stabilisation to industrial sector growth: there is some time

Complete independence cannot be achieved without economic stability. These words have never sounded truer. A few...

Published 11 Oct, 2024 01:12am

Pakistan

Pakistan’s economy to grow at 3.2%, face 9.2% inflation, projects IMF

The International Monetary Fund (IMF) has projected Pakistan’s GDP growth at 3.2% during FY25, compared to 2.4%...

Updated 28 Sep, 2024 10:46pm

Markets

Explaining the price-surge: all that glitters is gold in Pakistan

The price of one-tola gold in Pakistan hit yet another all-time high on Tuesday to Rs273,000, breaking the previous...

Published 24 Sep, 2024 04:43pm

Business & Finance

SBP’s profit hits record Rs3.4tn in FY24, govt set for windfall

Higher interest rates, exchange gain help central bank post record earnings

Updated 23 Sep, 2024 11:01pm

Perspectives

Mini budget in offing?: increase tax collection by respecting taxpayers

With each passing month, the government’s target to collect Rs12.97 trillion as Federal Board of Revenue’s (FBR)...

Updated 07 Sep, 2024 02:26pm

Markets

Analysts expect SBP to continue easing in next week’s monetary policy announcement

Most experts Business Recorder reached out to see decline between 100 to 200 bps

Updated 05 Sep, 2024 08:29pm

Perspectives

You should have seen it coming: solar surge in Karachi amid escalating energy costs

In Karachi, Pakistan’s largest metropolis, residents are increasingly turning to solar as a solution to soaring...

Published 17 Aug, 2024 12:11pm

Markets

Pakistan will face no difficulty in meeting external debt obligations in FY25: SBP governor

Pakistan will not face an issue in meeting its external payment obligations in the current fiscal year (FY25), said...

Updated 29 Jul, 2024 07:33pm

Pakistan

PBC apologies for mistake, now says Pakistan’s salaried class paying up to 3 times more tax than in India

After posting a detailed chart showing how Pakistan’s salaried class is paying up to 9.4 times more tax than in...

Updated 26 Jul, 2024 05:10pm

Perspectives

Fault lies within: to fix the economy, look inward

There weren’t much high hopes when Finance Minister Mohammed Aurangzeb started delivering his budget speech on June...

Published 17 Jul, 2024 10:43pm

Pakistan

Taxing Pakistan’s agriculture sector: IMF push ‘a move in the right direction’

Islamabad will be required to complete a number of conditions as it moves ahead with $7-billion EFF; reforms will include bringing retail, export, and agriculture sectors properly into taxation system

Updated 13 Jul, 2024 10:15pm

Markets

Arif Habib Limited now expects KSE-100 to hit 109,000 by June 2025

Propelled by optimism over inking a “new longer and larger” programme with the International Monetary Fund (IMF) and...

Updated 04 Jul, 2024 08:53pm

Markets

KSE-100’s record run: PSX world’s best-performing market in FY24, outlook stays positive

The Pakistan Stock Exchange (PSX) emerged as the best performing equity market in the world during fiscal year...

Updated 29 Jun, 2024 02:35pm

Markets

Pakistan’s remittances to recover and grow in 2024, 2025: World Bank

Remittance flows in Pakistan to hit $30 billion in 2025, says global body in report

Updated 27 Jun, 2024 08:13pm

Business & Finance

Chinese giant BYD partners with HUBCO subsidiary to introduce EVs in Pakistan

HUBCO announced on Friday that its wholly-owned subsidiary (Hub Power Holdings) – through its associated company...

Updated 21 Jun, 2024 09:50pm

Pakistan

Imposition of further taxes on salaried group to ‘accelerate brain drain’ in Pakistan: PBC

The Pakistan Business Council (PBC), the country’s largest corporate advocacy platform, has warned that the...

Updated 20 Jun, 2024 10:42pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 30	278.97
USD PKR Interbank Buying / Jan 30	278.77
USD to Japanese Yen / Jan 30	154.56
USD to Swiss Franc / Jan 30	0.91
Pound Sterling to USD / Jan 30	1.24
Euro to USD / Jan 30	1.04

Stock	Volume
S&P 500 / Jan 29	6,039.31
Nasdaq / Jan 29	19,632.32
Hang Seng / Jan 29	20,225.11
FTSE 100 / Jan 29	8,557.81
Dow Jones / Jan 29	44,713.52
Germany DAX 30 / Jan 29	21,637.53
France CAC40 / Jan 29	7,872.48
India Sensex / Jan 30	76,776.38

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 29	18,285
Gold 10 Grams PKR / Jan 29	247,513
Petrol/Litre / Jan 30	256.13
Crude Oil USD/Barrel / Jan 30	72.66
Gold Spot USD/Ounce / Jan 30	2,759.76
Diesel/Litre / Jan 30	260.95

Gainers
Losers
Leaders

Stock	Price
Chenab Ltd / Jan 30 Chenab Limited(CHBL)	9.08 ▲ 1 (12.38%)
Beco Steel Ltd / Jan 30 Beco Steel Limited(BECO)	8.75 ▲ 0.83 (10.48%)
Redco Textile / Jan 30 Redco Textiles Limited(REDCO)	21.97 ▲ 2 (10.02%)
MithchellsFruit / Jan 30 Mitchells Fruit Farms Limited(MFFL)	274.36 ▲ 24.94 (10%)
Loads Limited / Jan 30 Loads Limited(LOADS)	18.92 ▲ 1.72 (10%)
Supernet Ltd. / Jan 30 Supernet Limited (GEM)(GEMSPNL)	21.78 ▲ 1.98 (10%)
Leather Up Ltd. / Jan 30 Leather Up Limited(LEUL)	48.85 ▲ 4.44 (10%)
J.K.Spinning / Jan 30 J.K. Spinning Mills Limited(JKSM)	63.80 ▲ 5.8 (10%)
Sanghar Sugar / Jan 30 Sanghar Sugar Mills Limited(SANSM)	33.76 ▲ 3.07 (10%)

Stock	Price
Tariq Corp.Pref. / Jan 30 Tariq Corporation Limited-Preference Shares(TCORPCPS)	6.91 ▼ -0.97 (-12.31%)
Premier Sugar / Jan 30 The Premier Sugar Mills(PMRS)	359.58 ▼ -39.95 (-10%)
National Silk / Jan 30 The National Silk & Rayon Mills Limited(NSRM)	45.35 ▼ -5.04 (-10%)
Pak Gen.Ins. / Jan 30 The Pakistan General Insurance Co. Ltd.(PKGI)	7.65 ▼ -0.84 (-9.89%)
Bela Auto / Jan 30 Bela Automotives Limited(BELA)	153.01 ▼ -16.59 (-9.78%)
Trust Sec.& Brok. / Jan 30 Trust Securities & Brokerage Limited(TSBL)	13.52 ▼ -1.22 (-8.28%)
First Fid. Leasing / Jan 30 First Fidelity Leasing Modaraba(FFLM)	2.11 ▼ -0.19 (-8.26%)
Gulshan Sp. / Jan 30 Gulshan Spinning Mills Limited(GSPM)	3.72 ▼ -0.31 (-7.69%)
Tandlianwala Sugar / Jan 30 Tandlianwala Sugar Mills Limited(TSML)	66 ▼ -4.99 (-7.03%)

Stock	Volume
Cnergyico PK / Jan 30 Cnergyico PK Limited(CNERGY)	31,197,761 ▲ 0.05
K-Electric Ltd. / Jan 30 K-Electric Limited(KEL)	29,670,310 ▼ -0.01
Citi Pharma Ltd / Jan 30 Citi Pharma Ltd.(CPHL)	25,413,292 ▲ 0.83
Dewan Motors / Jan 30 Dewan Farooque Motors Limited(DFML)	24,726,221 ▼ -2.03
WorldCall Telecom / Jan 30 Worldcall Telecom Limited(WTL)	20,794,723 ▲ 0.01
Bank Makramah / Jan 30 Bank Makramah Limited(BML)	20,598,189 ▲ 0.3
Sui South Gas / Jan 30 Sui Southern Gas Company Limited(SSGC)	15,998,837 ▲ 0.6
Fauji Cement / Jan 30 Fauji Cement Company Limited(FCCL)	13,308,955 ▼ -0.14
Fauji Foods Ltd / Jan 30 Fauji Foods Limited(FFL)	12,818,739 ▲ 0.06

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