News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Developing Asia to rebound 7.3pc this year on back of healthy global recovery: Report

The projected resurgence follows a 0.2pc contraction last year, according to ADB’s Asian Development Outlook (ADO) 2021, released today.

Published 28 Apr, 2021 11:40am

Business & Finance

Pakistan's economy projected to rebound this year: ADB

Assuming the COVID-19 vaccine rollout is successful and economic stabilization measures are implemented, growth is expected to accelerate to 4pc in 2022 with improved consumption and investor confidence.

Published 28 Apr, 2021 10:57am

Business & Finance

Govt exploring options to arrange for additional oxygen supplies as Pakistan battles COVID

The minister said that due to the government measure, the oxygen production capacity increased from 484 MT in June 2020 to the present 792 MT, showing an increase of 308 MT.

Published 28 Apr, 2021 10:17am

Business & Finance

SBP to launch two new initiatives under Roshan Digital Accounts scheme

As per details, the central bank will be launching two new initiatives under RDA namely: Roshan Apni Car and Roshan Samaaji Khidmat.

Published 27 Apr, 2021 03:59pm

Business & Finance

Despite COVID-19 global military spending almost reaches $2tn in 2020: SIPRI

Total global military expenditure rose to $1981 billion last year, an increase of 2.6 percent in real terms from 2019

Published 27 Apr, 2021 02:50pm

Business & Finance

Hammad says perfect time to invest in Pakistan’s oil refining sector

The federal minister said that the government is bringing a policy to facilitate potential investors in this regard.

Published 27 Apr, 2021 02:27pm

Business & Finance

Banks establish LCs for Maple Leaf’s cement equipment import

The cement maker informed that the equipment purchased will be used to enhance the company’s production capacity up to 25500 metric tons per day at the existing plant site Iskanderabad, district Mianwali.
MLCF said that the project is expected to commence production in August 2022.

Published 27 Apr, 2021 12:23pm

Technology

Pakistan made ventilators, not good enough

National Radio and Telecommunication Corporation (NRTC) and private firms were manufacturing ventilators in the country.

Published 27 Apr, 2021 11:33am

Business & Finance

Global economic confidence rises sharply amid high vaccination, stimulus package: Survey

Confidence rose sharply in South Asia including Pakistan with only North America recording a bigger increase.

Published 27 Apr, 2021 10:48am

Technology

KP passes resolution to turn on Facebook Monetization in Pakistan

Under the resolution, approximately five million Facebook users producing quality content in Pakistan especially the youth can benefit from the positive use of Facebook and earn money.

Published 27 Apr, 2021 10:12am

Business & Finance

Eyeing to fetch maximum share, Pakistan to send workforce to Japan soon

“Since Japan is an aging population and will be needing around 5,00,000 of workforce in future, it is our priority to fetch maximum quota for Pakistan out of this,” Zulfikar Bukhari maintained.

Published 26 Apr, 2021 03:06pm

Business & Finance

Chinese dairy group willing to share embryo technology with Pakistan

Pakistan hopes to introduce Chinese buffalo embryo breeding technology and strengthen cooperation in buffalo breeding and export of high-quality frozen sperm and embryos and the good news is Royal Group is also willing to introduce its embryo breeding technology in Pakistan.

Published 26 Apr, 2021 01:44pm

Pakistan

Engineers urge PM to utilize PSM oxygen plant as Pakistan battle COVID

It informed that a single oxygen-producing plant at PSM has the capacity to produce 260 tons of oxygen per day equivalent to 25,000 oxygen field cylinders per day.

Updated 27 Apr, 2021 03:36pm

Business & Finance

Pakistan packaging maker to engage into corn-based starch business

The BOD of the company believes that its investment will be beneficial for the shareholders of the company in the long run.

Published 26 Apr, 2021 11:49am

Business & Finance

After HBL, Bank Alfalah shows interest in Silkbank's consumer portfolio

“In this regard the bank has approach Silk Bank to provide its concurrence to enable the bank to apply to SBP for its approval to conduct due diligence of the Silkbank Consumer Finance Portfolio,” it added.

Published 26 Apr, 2021 11:15am

Business & Finance

PEL to resume refrigerator production soon, after fire breaks out at factory

“Production facilities of air conditioners, microwave ovens, washing machines and entire production facility of Power Division remained un-affected and are continuing un-interruptedly,” it informed.

Updated 26 Apr, 2021 11:20am

Business & Finance

PM lauds Overseas Pakistanis as Deposits in RDAs cross $1bn mark

As per the State Bank of Pakistan (SBP), the increase comes on the back of an inflow of $ 194mn in April. Inflows have been accelerating every month since the RDA launch in September 2020.

Updated 24 Apr, 2021 02:30pm

Technology

Lack of skilled manpower hampering IT sector growth in Pakistan, says Saif

Umar Saif says that officially Pakistan’s IT exports stand at $1 - 1.25bn but the actual figures stand at $3-3.5bn.

Published 24 Apr, 2021 12:22pm

Technology

Expert urges entrepreneurs to come up with solution to Pakistan’s problems

Sharing his views about the entrepreneurial journey and ecosystem he emphasized, “For a start-up to be successful, it has to interact with different players in the ecosystem, including mentors, faculty and other start-ups to ignite their passion, and that’s the objective here.”

Published 24 Apr, 2021 10:48am

Business & Finance

Govt releases Rs 2.5bn under DLTL payments for exporters

The advisor was hopeful that the release of these funds will resolve the liquidity issues of the country’s exporters and enable them to enhance exports.

Published 24 Apr, 2021 10:03am

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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