News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Fitch Ratings assigns WAPDA’s USD Notes 'B-' rating

“The proceeds of the proposed notes will be used to finance or refinance eligible green projects,” said Fitch.

Published 25 May, 2021 10:53am

Business & Finance

IT Ministry concern over FBR decision to abolish Tax Exemption regime

MOIT presented a detailed Industry Impact Analysis as the result of recent announcements by FBR to abolish the Tax Exemption regime and replacing it with the recently announced Tax Credit Regime.

Published 25 May, 2021 10:06am

Business & Finance

SBP Special ATM Monitoring exercise bears results

Consequently, the joint efforts of SBP and commercial banks saw an average of 96.5 percent uptime recorded in ATM services during Ramadan and Eid-ul-Fitr.

Published 25 May, 2021 09:34am

Business & Finance

Baqir highlights SBP measures amid COVD pandemic

On policy rate, Baqir informed that Pakistan reduced its interest rate by 625 basis points since 1st February 2020 to provide interest expense relief for borrowers.
The central bank chief said that about Rs 2 trillion liquidity or five percent of the GDP was injected through SBP’s economic policy support measures during COVID.

Published 24 May, 2021 04:47pm

Business & Finance

GDP growth expected to rise 3.94pc as post-Covid recovery strengthens: SBP

“This rebound was fueled by a well-calibrated policy response,” said SBP.
SBP said that it provided a targeted economic stimulus of Rs2 trillion to support the recovery through interest rate cut, principal deferment & loan restructuring, Rozgar payroll finance scheme to prevent layoffs, and concessional finance for investment in industry and health facilities.

Published 24 May, 2021 01:59pm

Business & Finance

PM Khan inaugurates Ehsaas Saving Wallets initiative

In his address, the Prime Minister congratulated Dr. Sania Nishtar and her entire Ehsaas team, after the World Bank recently acknowledged the Ehsaas program as the fourth largest social protection intervention globally in terms of the number of people covered during the COVID-19 pandemic.

Updated 24 May, 2021 01:00pm

Business & Finance

Pakistan all set to register pink salt, mangoes for GI tag

"The process of registration is underway and will be completed as soon as the statutory bodies (owners of GI tag) approach IPO,” he said.

Published 24 May, 2021 11:04am

Business & Finance

PTCL appoints Hatem Bamatraf as Chief Executive

“We have to inform you that Mr Matthew Wilsher has/have ceased to be the Chief Executive of the Company w.e.f. 2021-05-23 and Mr Hatem Mohamad Bamatraf has/have been appointed as Chief Executive,” read a PTCL in a filing to the Pakistan Stock Exchange (PSX).

Updated 24 May, 2021 12:57pm

Business & Finance

Hammad terms economic growth forecast of nearly 4pc a remarkable recovery

“This is a remarkable recovery,” he said. “And unlike past growth stints, forex reserves have also grown and the current account remains in surplus,” added Azhar.

Published 22 May, 2021 12:14pm

Business & Finance

Expert anticipates policy rate to remain unchanged in upcoming MPC

“We expect the central bank to keep policy rate unchanged at 7 percent in the upcoming monetary policy statement,” said Arif Habib Limited in a report.

Updated 22 May, 2021 03:41pm

Business & Finance

Federal cabinet disapprove immediate hike in electricity rate, says Hammad

Power Division has submitted a review motion with Nepra as per directions of Cabinet.

Published 22 May, 2021 10:53am

Business & Finance

Response of RDAs in UK very encouraging, says envoy

The High Commissioner appreciated the State Bank of Pakistan (SBP) for allowing Pound Sterling denominated accounts, which he said, would help promote RDA in the UK.

Published 22 May, 2021 10:21am

Business & Finance

Pakistan commences production of COVID vaccine, NA told

The vaccine will be available for administration to the people by the end of this month.

Published 21 May, 2021 03:57pm

Business & Finance

US targets cryptocurrency as Biden administration unveils tax proposals

"As with cash transactions, businesses that receive cryptoassets with a fair market value of more than $10,000 would also be reported on," the Treasury Department said in the report.

Published 21 May, 2021 02:37pm

Business & Finance

Pakistan to roll out Green Bond in coming days

The WAPDA chief said that the funds generated from the issuance of the green bonds will be used to fund the Diamer Basha and Mohmand dams in Pakistan.

Published 21 May, 2021 12:45pm

Business & Finance

Wyeth Pakistan delisting: Co to submit application at PSX

Wyeth Pakistan Limited on Tuesday informed that the parent company, Wyeth LLC, USA currently holding 40.55 percent of the shareholding in Wyatt Pakistan Limited resolved to consider purchase of shares from all minority security holders in order to increase its ownership and de-list the company.

Published 21 May, 2021 11:58am

Business & Finance

PM Khan says peace required to unleash China’s Belt and Road potential

“The China-Pakistan Economic Corridor is a flagship project of the Belt and Road Initiative. It has generated economic activity, employment and will enhance bilateral and regional trade," Khan said.

Published 21 May, 2021 10:34am

Business & Finance

PM Khan visit to KSA having positive impact on forex reserves: Baqir

The Governor said Pakistani community in Saudi Arabia is showing greater interest in RDAs following the Prime Minister's recent visit to the Kingdom.

Published 20 May, 2021 03:21pm

Business & Finance

SBP rolls out advance calendar of MPC meetings

It is pertinent to mention that a minimum of six MPC meetings are scheduled every year.
The SBP has lately taken a number of initiatives to modernize and increase transparency in the monetary policymaking process.

Published 20 May, 2021 01:35pm

Technology

Pakistan to join Amazon’s approved seller list before June

The spokesperson informed that the government is currently working on its procedures, such as changes in the foreign exchange manual of the State bank of Pakistan (SBP).

Published 20 May, 2021 01:11pm

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%)
Sana Ind / Jan 31 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
Tariq Corporation / Jan 31 Tariq Corporation Limited(TCORP)	16.91 ▲ 1.54 (10.02%)
Sanghar Sugar / Jan 31 Sanghar Sugar Mills Limited(SANSM)	37.14 ▲ 3.38 (10.01%)
Redco Textile / Jan 31 Redco Textiles Limited(REDCO)	24.17 ▲ 2.2 (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%)
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
Blue-Ex Ltd / Jan 31 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-10.01%)
Olympia Mills / Jan 31 Olympia Mills Limited(OML)	32.90 ▼ -3.66 (-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)	41,455,326 ▲ 0.19
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.33
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.05
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)	12,796,227 ▲ 6.44

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