News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Amazon’s Pakistan addition major breakthrough for local companies, SMEs

The advisor said that the development is a big opportunity for Pakistani companies including the SMEs to use the platform of Amazon to connect with the global market and export their products.

Published 07 May, 2021 02:19pm

Business & Finance

Pakistan eyes KSA investment in power sector

During the visit, the Prime Minister’s consultations with the Saudi leadership will cover all areas of bilateral cooperation including economic, trade, investment, energy, job opportunities for Pakistani workforce, and welfare of Pakistani Diaspora in the Kingdom.

Published 07 May, 2021 12:05pm

Business & Finance

Pakistan, UK launch initiative to promote SMEs in country

The International Trade Centre (ITC) will implement the Revenue mobilization, Investment and Trade Programme (REMIT) programme.
These efforts are part of a larger UK-supported REMIT programme aimed at contributing to sustainable and inclusive economic development in the country.

Published 07 May, 2021 11:27am

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

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%)
IGI Life Ins / Jan 31 IGI Life Insurance Limited(IGIL)	15.13 ▲ 1.38 (10.04%)
Tariq Corporation / Jan 31 Tariq Corporation Limited(TCORP)	16.91 ▲ 1.54 (10.02%)
Saritow Spinning / Jan 31 Saritow Spinning Mills Limited(SSML)	17.92 ▲ 1.63 (10.01%)
Sanghar Sugar / Jan 31 Sanghar Sugar Mills Limited(SANSM)	37.14 ▲ 3.38 (10.01%)
Dandot Cement / Jan 31 Dandot Cement Company Limited(DNCC)	16.48 ▲ 1.5 (10.01%)
Redco Textile / Jan 31 Redco Textiles Limited(REDCO)	24.17 ▲ 2.2 (10.01%)
Leather Up Ltd. / Jan 31 Leather Up Limited(LEUL)	53.74 ▲ 4.89 (10.01%)
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%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	40.83 ▼ -4.52 (-9.97%)
Olympia Mills / Jan 31 Olympia Mills Limited(OML)	33 ▼ -3.56 (-9.74%)
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%)
F.Credit & Inv / Jan 31 First Credit and Investment Bank Limited(FCIBL)	7.28 ▼ -0.66 (-8.31%)
Fateh Ind. / Jan 31 Fateh Industries Limited(FIL)	136 ▼ -11.19 (-7.6%)
ZIL Limited / Jan 31 ZIL Limited(ZIL)	216.12 ▼ -17.36 (-7.44%)

Stock	Volume
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -0.94
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	45,150,993 ▲ 0.25
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.49
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.11
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	20,556,244 ▼ -0.01
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 ▲ 2.93
Hascol Petrol / Jan 31 Hascol Petroleum Limited(HASCOL)	13,297,950 ▼ -0.12
National Bank / Jan 31 National Bank of Pakistan(NBP)	12,863,023 ▲ 6.44

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