News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Economic reforms to be backed by political will, assures Tarin

Finance minister says political apparatus involved in reforms agenda
Tarin's remarks come during a webinar organised by IPR

Updated 30 May, 2021 03:58pm

Business & Finance

PM Khan lauds FBR as tax collection crosses Rs4tr during Jul-May

Amount is 18% higher than comparative period of the previous fiscal year

Updated 29 May, 2021 06:08pm

Business & Finance

Record production of wheat to benefit country, says Imam

Minister adds increase in crop production is due to the adoption of different initiatives of the government

Updated 29 May, 2021 07:35pm

Business & Finance

Current economic turnaround sustainable, says SBP’s Reza Baqir

Points towards current account balance as primary reason for Pakistan's ability to continue its growth momentum

Published 29 May, 2021 01:41pm

Business & Finance

Kamyab Jawan Program: Tarin directs banks to facilitate tier 1 borrowers

The Finance Minister directed that all the major banks and microfinance institutions come up with their suggestions on the design of the program within a week’s time and also earmark a percentage of their resources for the purpose.

Published 29 May, 2021 11:38am

Business & Finance

SECP approves framework for ‘Direct Listing’ at PSX

Company can get listed by selling existing shares to accredited investors, existing shareholders, and specific category of investors, without the mandatory appointment of intermediaries

Published 28 May, 2021 08:25pm

Business & Finance

SBP keeps interest rate unchanged at 7%

Announcement largely in line with market expectations * The MPC of the central bank was of the view that positive recovery momentum is expected to persist, translating into higher growth next year.

Published 28 May, 2021 06:10pm

Business & Finance

GDP growth forecast of 4.8pc approved for next fiscal: Umar

The minister was of the view that the approval reflects the strength of growth momentum in the economy while maintaining strong fundamentals.

Updated 28 May, 2021 08:38pm

Business & Finance

Volume record tumbles again at PSX

Over 2.2 billion shares change hands on Thursday, a day after the stock exchange registered its highest volume in a single session

Published 27 May, 2021 05:42pm

Business & Finance

Bestway Cement announces greenfield plant in Mianwali

Company reaches agreement with Chinese firm
Plant to have capacity of 7,200 tons

Published 27 May, 2021 11:51am

Business & Finance

PSX records highest daily volume in history

Over 1,563 million shares change hands on Wednesday.
KSE-100 Index also increases 511 points to near 47,000 level

Published 26 May, 2021 07:40pm

Business & Finance

Reko Diq case: BVI high court decision ‘big victory’ of Pakistan's stance, says govt

Addressing media persons on Wednesday, the minister said that the decision will also provide economic relief to the country.

Published 26 May, 2021 02:13pm

Business & Finance

Pakistan, WB discuss projects to uplift rural economy

In order to improve the rural economy, it was discussed to improve agriculture productivity through provision of improved seeds and efficient water management system.

Published 26 May, 2021 01:06pm

Business & Finance

Pakistan approves six month extension to APTTA

He said that the decision reflects Pakistan’s strong desire to enhance bilateral trade and transit which will particularly bring prosperity to the people living in bordering areas.

Published 26 May, 2021 11:55am

Business & Finance

Pakistan, Tajikistan agree to fast track bilateral agreements, MoUs

The Foreign Secretary emphasized the need to increase volume of bilateral trade and investments through trade diversification, increasing business-to-business contacts, resuming air links, and enhancing cooperation in the energy sector.

Published 26 May, 2021 11:04am

Business & Finance

Refuting reports, FBR says Rs 20mn allocated for Pakistan Single Window under PSDP

The tax collecting authority informed that with the required administrative approvals in place, the allocated amount is expected to be fully utilized before 30th June 2021.

Published 26 May, 2021 10:39am

Business & Finance

Govt to bring employment programs for youth: PM Khan

The Prime Minister said that 170,000 scholarships are being given for teaching skills, 50,000 scholarships will be given for high technologies.
He said that the government has set aside Rs 100 billion for giving loans to the youth.

Published 25 May, 2021 02:21pm

Business & Finance

Economic revival on 'sound footing' says SBP, as CAB post $200mn deficit

The central bank added that through the first 10 months of the ongoing fiscal year, CAB remains in surplus of $800mn, which is “a significant turnaround from the $4.7bn deficit during the same period last year.

Published 25 May, 2021 01:36pm

Business & Finance

Biscuit manufacturer found involved in over Rs 4bn tax evasion

Assessment order was issued wherein an amount of Rs. 4.27 billion as sales tax along with default surcharge and 100 percent penalty for tax fraud was imposed upon the registered person, stated FBR.

Updated 25 May, 2021 12:25pm

Business & Finance

Circular debt declines Rs 189bn during July-April: Umar

The federal minister said that this ‘huge improvement’ in the circular debt buildup against the last year of PML-N government has been achieved despite massive increase in capacity payments caused by decisions committed by the former government.

Published 25 May, 2021 11:27am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 30	279.17
USD PKR Interbank Buying / Jan 30	278.97
USD to Japanese Yen / Jan 30	154.32
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 30	6,071.17
India Sensex / Jan 30	76,759.81
Tokyo Nikkei / Jan 30	39,513.97
Nasdaq / Jan 30	19,681.75
Hang Seng / Jan 30	20,225.11
FTSE 100 / Jan 30	8,646.88
Dow Jones / Jan 30	44,882.13
Germany DAX 30 / Jan 30	21,727.20

Item	Value
Crude Oil USD/Barrel / Jan 30	72.99
Karachi Cotton PKR/37.32 KG / Jan 30	18,285
Gold 10 Grams PKR / Jan 30	248,885
Gold Spot USD/Ounce / Jan 30	2,849.50
Cotton US¢/pound / Jan 30	66.27
Petrol/Litre / Jan 31	256.13

Gainers
Losers
Leaders

Stock	Price
Kohinoor Ind. / Jan 31 Kohinoor Industries Limited(KOIL)	10.21 ▲ 1 (10.86%)
Tariq Corporation / Jan 31 Tariq Corporation Limited(TCORP)	16.91 ▲ 1.54 (10.02%)
Sana Ind / Jan 31 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
Sanghar Sugar / Jan 31 Sanghar Sugar Mills Limited(SANSM)	37.14 ▲ 3.38 (10.01%)
Saritow Spinning / Jan 31 Saritow Spinning Mills Limited(SSML)	17.92 ▲ 1.63 (10.01%)
Leather Up Ltd. / Jan 31 Leather Up Limited(LEUL)	53.74 ▲ 4.89 (10.01%)
Redco Textile / Jan 31 Redco Textiles Limited(REDCO)	24.17 ▲ 2.2 (10.01%)
Mirpurkhas Sugar / Jan 31 Mirpurkhas Sugar Mills Limited(MIRKS)	31.90 ▲ 2.9 (10%)
Fateh Sports / Jan 31 Fateh Sports Wear Limited(FSWL)	95.07 ▲ 8.64 (10%)

Stock	Price
Olympia Mills / Jan 31 Olympia Mills Limited(OML)	32.90 ▼ -3.66 (-10.01%)
Blue-Ex Ltd / Jan 31 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-10.01%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	40.82 ▼ -4.53 (-9.99%)
Popular Islamic / Jan 31 Popular Islamic Modaraba(PIM)	11.35 ▼ -1.19 (-9.49%)
Sardar Chemical / Jan 31 Sardar Chemical Industries Limited(SARC)	33.11 ▼ -3.13 (-8.64%)
Ashfaq Textile / Jan 31 Ashfaq Textile Mills Limited(ASHT)	15.61 ▼ -1.43 (-8.39%)
Fateh Ind. / Jan 31 Fateh Industries Limited(FIL)	136 ▼ -11.19 (-7.6%)
First Elite Cap.Mod / Jan 31 First Elite Capital Modaraba(FECM)	6 ▼ -0.4 (-6.25%)
Diamond Ind. / Jan 31 Diamond Industries Limited(DIIL)	18.30 ▼ -1.2 (-6.15%)

Stock	Volume
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -0.71
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	41,449,575 ▲ 0.2
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.34
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.06
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	20,556,244 ▲ 0
K-Electric Ltd. / Jan 31 K-Electric Limited(KEL)	16,969,744 ▼ -0.01
Citi Pharma Ltd / Jan 31 Citi Pharma Ltd.(CPHL)	15,022,230 ▲ 2.58
Hascol Petrol / Jan 31 Hascol Petroleum Limited(HASCOL)	13,297,950 ▼ -0.08
National Bank / Jan 31 National Bank of Pakistan(NBP)	12,792,327 ▲ 6.44

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