News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Pakistan

Budget 2024-25: Pakistan eyes over $20bn in external financing

Authorities in Islamabad have budgeted Rs5.685 trillion or over $20.3 billion to be acquired through external...

Published 12 Jun, 2024 10:20pm

Pakistan

Aurangzeb says some rollovers, return of commercial bank borrowing ways to manage external debt in FY25

Finance Minister Muhammad Aurangzeb sounded a confident tone, saying that Pakistan will meet its external debt...

Updated 11 Jun, 2024 11:56pm

Markets

Start of monetary easing: experts weigh in on SBP’s decision to cut key policy rate

Development comes a couple of days ahead of budget announcement

Updated 10 Jun, 2024 11:03pm

Markets

Amid high tariffs, Pakistan’s industrial base is ramping up transition to solar power

Taking advantage of the natural resource at their disposal, industries in Pakistan are switching towards solar to...

Updated 15 May, 2024 11:06pm

Markets

IMF welcomes SBP's decision to keep key policy rate unchanged

The International Monetary Fund (IMF) has welcomed the State Bank of Pakistan’s (SBP) Monetary Policy Committee...

Updated 11 May, 2024 05:17pm

Perspectives

Pakistan’s investment pitch deck: fix security issues and terrorism

“The menace of terrorism is again rearing its ugly head, threatening our nation’s security as well as regional peace...

Published 20 Apr, 2024 10:38pm

Markets

‘Difficult, but necessary’: analysts weigh in on future with IMF

Believe tougher measures are likely to follow as Pakistan moves to 'successor medium-term Fund-supported programme'

Updated 20 Mar, 2024 10:17pm

Perspectives

Economic agenda: Pakistan will continue walking on a tightrope

After months of political volatility in Pakistan, the dust finally settled over the formation of a new government. A...

Published 18 Mar, 2024 10:18am

Pakistan

Restrictive monetary policy, limited fiscal space challenging Pakistan’s economy: Ministry of Finance

In monthly economic report, it projects CPI-based inflation for February to hover around 24.5-25.5%

Published 29 Feb, 2024 05:20pm

Perspectives

Economy: a difficult road ahead as well

On February 8, 2024, nearly 129 million Pakistanis will exercise their right to vote in what will be the 14th...

Published 07 Feb, 2024 01:22am

Markets

Amid economic challenges, experts concerned over Pakistan-Iran tensions

Economic experts have voiced concerns over the dramatic escalation of cross-border tension between Pakistan and...

Updated 19 Jan, 2024 10:42pm

Markets

‘Tale of two halves’, but a year to remember for Pakistan stocks

An absolute return of nearly 55%, a USD-based return of 24%, and new peaks was the story at the PSX
Performance made KSE-100 best performing market in second half of 2023

Published 01 Jan, 2024 11:40am

Markets

When a stick reduces the pain: rupee still sees one of its worst years in 2023

Despite administrative measures, rupee saw 19.7% depreciation in 2023, which made it its fourth-worst year since the turn of the century

Updated 31 Dec, 2023 10:19pm

Markets

Pakistan’s KSE-100 has seen a record year, but how far can the bull run?

Experts say upside still available, but dependent on several factors

Updated 23 Nov, 2023 07:34pm

Technology

Voyage Freight raises $1mn in pre-seed funding

Voyage Freight, which says its Pakistan’s first digital freight forwarder, has secured over $1 million in pre-seed...

Updated 13 Nov, 2023 03:05pm

Pakistan

Poverty headcount in Pakistan reached 39.4% in FY23, projects World Bank

Expects poverty reduction to be gradual in the medium term, owing to weak growth and lower labor income, persistent inflation (especially for food and energy), and lower remittances

Updated 03 Oct, 2023 10:35pm

Markets

Pakistani rupee emerges as world’s best-performing currency in September

Appreciates 6.2% during the month as crackdown on smuggling, illegal exchanges bears fruit

Published 30 Sep, 2023 03:40pm

Markets

Pakistan seeks two LNG cargoes for winter

Pakistan LNG Limited (PLL), a government subsidiary that procures liquefied natural gas (LNG) from the international...

Updated 27 Sep, 2023 07:32pm

Perspectives

Much-needed iron fist comes into play

Pakistan’s economy – which remained a hotbed of developments in recent months – is back in the frontline with a...

Published 25 Sep, 2023 04:32pm

Technology

OPay International confident it has muscle to tap Pakistan’s market

Statement comes after company got SBP approval to fully acquire a commercially active Electronic Money Institution (EMI) licenced company

Published 14 Sep, 2023 06:19pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 4	279
USD PKR Interbank Buying / Feb 4	278.80
USD to Japanese Yen / Feb 5	152.69
USD to Swiss Franc / Feb 5	0.90
Pound Sterling to USD / Feb 5	1.25
Euro to USD / Feb 5	1.04
UK LIBOR % / Feb 5	4.96

Stock	Volume
S&P 500 / Feb 5	6,049.46
India Sensex / Feb 5	78,271.28
Tokyo Nikkei / Feb 5	38,831.48
Nasdaq / Feb 5	19,692.33
Hang Seng / Feb 5	20,597.09
FTSE 100 / Feb 5	8,623.29
Dow Jones / Feb 5	44,873.22
Germany DAX 30 / Feb 5	21,585.93
France CAC40 / Feb 5	7,891.68

Item	Value
Crude Oil USD/Barrel / Feb 5	71.21
Karachi Cotton PKR/37.32 KG / Feb 5	18,285
Gold 10 Grams PKR / Feb 5	252,314
Gold Spot USD/Ounce / Feb 5	2,862.53
Cotton US¢/pound / Feb 5	66.04
Petrol/Litre / Feb 6	257.13
Diesel/Litre / Feb 6	267.95

Gainers
Losers
Leaders

Stock	Price
Chashma / Feb 6 Chashma Sugar Mills Limited(CHAS)	90.71 ▲ 8.24 (9.99%)
Saritow Spinning / Feb 6 Saritow Spinning Mills Limited(SSML)	21.69 ▲ 1.97 (9.99%)
Shahtaj Sugar / Feb 6 Shahtaj Sugar Mills Limited(SHJS)	149.95 ▲ 13.37 (9.79%)
LSE Ventures / Feb 6 LSE Ventures Limited(LSEVL)	12.59 ▲ 1.09 (9.48%)
Lalpir Power / Feb 6 Lalpir Power Limited(LPL)	27.70 ▲ 2.29 (9.01%)
Altern Energy / Feb 6 Altern Energy Limited(ALTN)	22.10 ▲ 1.6 (7.8%)
Sanghar Sugar / Feb 6 Sanghar Sugar Mills Limited(SANSM)	48.30 ▲ 3.4 (7.57%)
IGI Life Ins / Feb 6 IGI Life Insurance Limited(IGIL)	16.40 ▲ 1.13 (7.4%)
Loads Limited / Feb 6 Loads Limited(LOADS)	20 ▲ 1.3 (6.95%)
Masood Textile / Feb 6 Masood Textile Mills Limited(MSOT)	55 ▲ 3.49 (6.78%)

Stock	Price
Bela Auto / Feb 6 Bela Automotives Limited(BELA)	144.29 ▼ -16.03 (-10%)
National Silk / Feb 6 The National Silk & Rayon Mills Limited(NSRM)	33.40 ▼ -3.71 (-10%)
Leather Up Ltd. / Feb 6 Leather Up Limited(LEUL)	39.18 ▼ -4.35 (-9.99%)
Suhail Jute / Feb 6 Suhail Jute Mills Limited(SUHJ)	81.02 ▼ -8.55 (-9.55%)
TPL Life Insur. / Feb 6 TPL Life Insurance Limited(TPLL)	47.01 ▼ -4.81 (-9.28%)
PIA Holding Co.B / Feb 6 PIA Holding Company Limited B(PIAHCLB)	860.33 ▼ -87.67 (-9.25%)
Pak Leather / Feb 6 Pak Leather Crafts Limited(PAKL)	36.10 ▼ -3.38 (-8.56%)
DH Partners / Feb 6 DH Partners Limited(DHPL)	55.22 ▼ -3.75 (-6.36%)
AL-Noor Sugar / Feb 6 Al-Noor Sugar Mills Limited(ALNRS)	75 ▼ -5 (-6.25%)
Redco Textile / Feb 6 Redco Textiles Limited(REDCO)	22.50 ▼ -1.44 (-6.02%)

Stock	Volume
WorldCall Telecom / Feb 6 Worldcall Telecom Limited(WTL)	54,615,977 ▼ -0.04
Silk Bank Ltd / Feb 6 Silkbank Limited(SILK)	27,280,987 ▲ 0.03
Bank Makramah / Feb 6 Bank Makramah Limited(BML)	21,567,148 ▲ 0.17
Cnergyico PK / Feb 6 Cnergyico PK Limited(CNERGY)	21,090,416 ▼ -0.11
K-Electric Ltd. / Feb 6 K-Electric Limited(KEL)	20,621,518 ▼ -0.01
National Bank / Feb 6 National Bank of Pakistan(NBP)	16,342,844 ▼ -1.13
B.O.Punjab / Feb 6 The Bank of Punjab(BOP)	16,293,624 ▼ -0.14
Pak Refinery / Feb 6 Pakistan Refinery Limited(PRL)	14,915,543 ▼ -0.19
Fauji Cement / Feb 6 Fauji Cement Company Limited(FCCL)	12,847,614 ▼ -0.24
Sui South Gas / Feb 6 Sui Southern Gas Company Limited(SSGC)	12,438,866 ▼ -0.77

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