News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

National Saving Schemes; rates reduced

The rate of return on Defense Savings Certificates, Behbood, Shuhada family and Pensioners Certificates and Savings Accounts and Short Term Certificates for one year will remain the same.

Published 07 May, 2021 10:48am

Business & Finance

MMBL secures ‘Positive Outlook’ credit rating from PACRA

Commenting on the achievement, Chief Finance & Digital Officer Mobilink Bank, Sardar Mohammad Abubakr said: “We are committed to focusing on untapped market & customer opportunities that map well with our strategic ambitions for SME and Digital Businesses.

Published 06 May, 2021 02:24pm

Business & Finance

Banks disburse Rs 12bn under Prime Minister's Housing Program

Minister for Information and Broadcasting Chaudhary Fawad Hussain has said that under the Prime Minister's Housing Program, banks have received applications for loans worth Rs 52 billion.
The Information Minister said the journey that was started towards making Naya Pakistan is now picking up momentum.

Updated 06 May, 2021 02:56pm

Technology

Amazon approval a ‘great opportunity’ for Pakistani entrepreneurs: Dawood

“An important milestone of e-Commerce policy achieved has been through teamwork by many people across the globe,” he added.

Published 06 May, 2021 12:16pm

Business & Finance

FBR extends date of payment of Sales Tax & FED

The date of payment sales tax and if which is due on 15-05-2021 is hereby extended up to 18-05-2021.

Published 06 May, 2021 10:55am

Business & Finance

Current COVID wave threatens Pakistan's economic recovery: Tarin

“The current IMF program was quite difficult and such conditions were imposed, which has a political cost as well," said Tarin.

Published 05 May, 2021 03:27pm

Business & Finance

APTMA chief rejects Eid-ul Fitr holidays, 10-day closure to result in $800mn losses

He warned that the country cannot afford such extended holidays as this will result in giving losses of up to billions of rupees to the national executive and terribly affect business activities particularly the exports.

Published 05 May, 2021 01:34pm

Business & Finance

Pakistan textile co grabs IKEA's ‘Affordable Sustainability’ award

“A proud moment for the fraternity and the country,” added Dawood.

Published 05 May, 2021 12:57pm

Business & Finance

Sustainable economic growth needed to maintain Corporate Earnings growth: Analyst

“After COVID the remittances have increased, due to decrease in Pakistanis travelling we are moving towards consumption-driven growth. Furthermore, the reduction in the interest rate and strengthening of Pakistani rupee has played a role in KSE-1000 companies showing record profit,” he said.

Published 05 May, 2021 11:00am

Markets

Shamshad Akhtar appointed as first female Chairperson of PSX Board

“Please be informed that the Board Of Directors of Pakistan Stock Exchange Limited, at its meeting held on May 04, 2021, has appointed Dr. Shamshad Akhtar as the Chairperson of the Board of the Exchange,” read a PSX statement.

Updated 05 May, 2021 02:05pm

Markets

PSX ends losing streak, closes in Green

During the day, the benchmark KSE 100 index touched intraday high of 44,620.41 accumulating 544.21 pts.

Published 04 May, 2021 02:54pm

Business & Finance

SBP, PSX to remain close from 10-15 May

The closure will be on the occasion of Eid-ul-Fitr, said the central bank.

Updated 04 May, 2021 03:35pm

Business & Finance

Pakistan Prosperity Index dips amid third COVID peak: Report

This figure signals a decrease in economic prosperity largely driven by reduced business confidence amid the 3rd peak of Covid-19. `

Published 04 May, 2021 01:36pm

Business & Finance

PPL commences commercial gas production from Baneri D&PL

As per details, the block is located in districts Thatta and Sujawal and lies in the southernmost part of the lower Indus basin.

Published 04 May, 2021 12:32pm

Business & Finance

Pakistan banks profits up 31pc YoY in 1Q2021

Net Interest Income (NII) recorded an increase of 7pc YoY i.e. Rs11.4 billion in spite of a sharp decline in interest rates. However, NII reported a decline of 2pc QoQ as repricing of assets reach its completion.

Published 04 May, 2021 12:11pm

Business & Finance

Experts stress on using solar power to meet Pakistan energy needs

Pakistan could possibly generate more than 2,900 gigawatts of solar power capacity.

Published 04 May, 2021 11:17am

Technology

Kamyab Jawan says no subsidiary offering counselling to startups

As per details, the Kamyab Jawan spokesperson informed that a firm named Idea Gist is offering training courses to young students and aspiring entrepreneurs using the name of Kamyab Jawan-Startup Pakistan.

Published 04 May, 2021 10:23am

Markets

Bearish sentiments prevail at PSX on first trading day of the month

As per analysts the concerns regarding the rising number of coronavirus case, stricter lockdown and government decision reduce business timings all dented investors’ confidence.

Published 03 May, 2021 02:45pm

Technology

Telecard likely to get its subsidiary listed at the bourse

The Board of Directors, in its meeting, has authorized the Company to explore the option for listing of its subsidiary Supernet Limited.

Published 03 May, 2021 01:32pm

Technology

WhatsApp bringing in new feature for users

One of the key advantages of this feature is that it takes less time and makes it easier to understand the message being sent.

Published 03 May, 2021 01:03pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 25	277.83
USD PKR Interbank Buying / Nov 25	277.73
USD to Japanese Yen / Nov 26	153.83
USD to Swiss Franc / Nov 26	0.89
Pound Sterling to USD / Nov 26	1.25
Euro to USD / Nov 26	1.05

Stock	Volume
S&P 500 / Nov 25	5,987.37
Nasdaq / Nov 25	18,054.84
Dow Jones / Nov 25	44,736.57
India Sensex / Nov 26	80,083.15
Tokyo Nikkei / Nov 26	38,266.61
Hang Seng / Nov 26	19,174.25
FTSE 100 / Nov 26	8,253.38
Germany DAX 30 / Nov 26	19,284.47

Item	Value
Gold 10 Grams PKR / Nov 25	244,860.20
Crude Oil USD/Barrel / Nov 26	69.17
Karachi Cotton PKR/37.32 KG / Nov 26	17,685
Gold Spot USD/Ounce / Nov 26	2,623.04
Cotton US¢/pound / Nov 26	71.35
Petrol/Litre / Nov 27	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 27 786 Investments Limited(786)	6.48 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 27 Al-Abbas Sugar Mills Limited(AABS)	610.84 ▼ 0.00 (0.00%)
Agro Allianz / Nov 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 27 Ali Asghar Textile Mills Limited(AATM)	68.52 ▼ 0.00 (0.00%)
Allied Bank / Nov 27 Allied Bank Limited(ABL)	125.50 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 27 Abbott Laboratories (Pakistan) Limited(ABOT)	917.87 ▼ 0.00 (0.00%)
Abson Ind. / Nov 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 27 Alfalah Consumer Index ETF.(ACIETF)	11.82 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 27 786 Investments Limited(786)	6.48 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 27 Al-Abbas Sugar Mills Limited(AABS)	610.84 ▲ 0.00 (0.00%)
Agro Allianz / Nov 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 27 Ali Asghar Textile Mills Limited(AATM)	68.52 ▲ 0.00 (0.00%)
Allied Bank / Nov 27 Allied Bank Limited(ABL)	125.50 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 27 Abbott Laboratories (Pakistan) Limited(ABOT)	917.87 ▲ 0.00 (0.00%)
Abson Ind. / Nov 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 27 Alfalah Consumer Index ETF.(ACIETF)	11.82 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 27 K-Electric Limited(KEL)	101,636,133 ▲ 0.00
B.O.Punjab / Nov 27 The Bank of Punjab(BOP)	92,023,190 ▲ 0.00
Hascol Petrol / Nov 27 Hascol Petroleum Limited(HASCOL)	73,320,431 ▲ 0.00
Fauji Foods Ltd / Nov 27 Fauji Foods Limited(FFL)	54,116,789 ▲ 0.00
Sui South Gas / Nov 27 Sui Southern Gas Company Limited(SSGC)	54,088,119 ▲ 0.00
Treet Battery / Nov 27 Treet Battery Limited(TBL)	49,797,748 ▲ 0.00
Pace (Pak) Ltd. / Nov 27 Pace (Pakistan) Limited(PACE)	47,465,434 ▲ 0.00
WorldCall Telecom / Nov 27 Worldcall Telecom Limited(WTL)	44,206,223 ▲ 0.00
Cnergyico PK / Nov 27 Cnergyico PK Limited(CNERGY)	34,058,498 ▲ 0.00

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