News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Pakistan's meat exporter eyeing to enter into international pet foods market

The company informed that its shipment has been cleared by the US Food and Drug Administration (FDA), which can result in the opening of a new export market for pet food raw material supply.

Published 28 Apr, 2021 02:51pm

Business & Finance

Pakistan‘s inflation rate expected to remain 8-9.5pc in April

The monthly bulletin was of the view that the recent increases in international and domestic energy prices are expected to have transitory effects on inflation.

Published 28 Apr, 2021 02:10pm

Business & Finance

Pakistan should continue efforts toward fiscal consolidation and policy reforms: ADB

The ADB report highlighted that reforms are required to promote high value-added exports, expand social spending, reinforce energy sector financial and technical sustainability, and implement structural changes that will strengthen institutions and create jobs.

Published 28 Apr, 2021 12:41pm

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

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

Markets →

Budget 2024-25: income tax calculator for FY25

Most Popular