News stories for Ali Ahmed - Business Recorder

Ali Ahmed

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

Business & Finance

Ashmore Investment to sell its stake in Pakistan’s can maker

The entire offer of 93,888,000 Ordinary Shares will be offered through the book building process at a Floor Price of PKR 35/- per share i.e. translated into Rs3.3 billion rupees ($22 million).

Published 23 Apr, 2021 03:39pm

Business & Finance

WB approves $400mn financing for Pakistan's Education & Healthcare

The KP Spending Effectively for Enhanced Development (SPEED) program will help the provincial government strengthen its management of public resources and fiscal planning to sustain human capital investments in education and healthcare services.

Published 23 Apr, 2021 02:31pm

Business & Finance

PIA cancels flights to Canada amid COVID-19 ban

The ban officially takes effect on Friday, 11:30 pm (PST).

Published 23 Apr, 2021 12:23pm

Business & Finance

SBP imposes penalties of over Rs 97mn on major banks

The SBP takes supervisory enforcement actions against those institutions that fail to comply with legal or regulatory requirements and these actions may range from the imposition of penalties, administrative and financial sanctions, and reference to concerned law enforcement/prosecution agencies.

Published 23 Apr, 2021 11:41am

Business & Finance

Pakistan economy needs to grow 7-9pc to generate jobs, curb debt: Report

The report highlighted that investment and productivity, which are the two major drivers of growth are not only rather low in Pakistan, but are on a decline.

Published 23 Apr, 2021 11:16am

Business & Finance

Simplifying tax system priority of the govt, PM Khan

PM Khan has directed the Economic Advisory Council to present a road-map envisaging short, medium and long-term measures for economic stability and sustainable growth.

Published 22 Apr, 2021 03:10pm

Business & Finance

Trend of housing finance is accelerating, says SBP's Kamil

Sima Kamil said that banks have approved loans of Rs 15 billion in six months and earlier loan terms were difficult but now they have been eased.

Published 22 Apr, 2021 02:26pm

Business & Finance

SBP & SECP amend ToRs to enhance Anti-Money Laundering supervision

As per SBP, the interagency cooperation between financial sector regulators is a crucial element for the effective supervision of financial groups, which comprise various types of financial institutions.

Published 22 Apr, 2021 01:22pm

Business & Finance

Germany’s DEG re-enters Pakistan Insurance Market, invests over $3mn

As per details, this foreign collaboration will help TPL Insurance to develop its Agriculture and Micro Insurance segments, thereby increasing penetration of insurance in Pakistan.

Published 22 Apr, 2021 11:33am

Business & Finance

Electricity price likely to be reduced by Rs 0.61 per unit

In this regard the hearing to consider the proposed adjustment is scheduled by the National Electric Power Regulatory Authority (NEPRA) on April 28, 2021 (Wednesday).

Published 22 Apr, 2021 10:51am

Business & Finance

Engro Corp petrochemical project to generate 50,000 job opportunities

Ghias shared that the prospective project will be valuable for the government in terms of revenue generation and will promote domestic growth and the economy.

Published 22 Apr, 2021 10:24am

Business & Finance

Housing Finance: SBP develops Mechanism for Payment of Markup Subsidy

As per details, SBP has issued necessary instructions to all commercial banks, microfinance banks and HBFCL (Executing Agencies (EAs)) through IH&SMEFD Circular No. 03 dated March 25, 2021 and revised instructions thereof issued from time to time.

Published 21 Apr, 2021 03:41pm

Business & Finance

Pakistan Customs introduces Non-Intrusive Inspection System for speedy clearance

The Karachi Port and Port Qasim have Customs scanning facilities installed with the assistance of Japanese Government under JICA program in addition to the scanners of the terminal operators.

Published 21 Apr, 2021 02:27pm

Business & Finance

Pakistan’s packaging co to invest billions of rupees in capacity expansion

The company informed that the project shall be financed primarily with a mix of debt and internal cash generation and is expected to start commercial operation during the first half of 2023.

Published 21 Apr, 2021 02:08pm

Business & Finance

Cabinet ratifies decision of customs duty withdrawal on cotton yarn import

“The notification will be issued in a few days,” said the advisor.

Published 21 Apr, 2021 12:38pm

Technology

Pakistan installs 4G Mobile Tower at K2 base camp

As per details, the mobile tower was installed by the Ministry of Interior department namely, Special Communication Organization and has started providing cellular and internet services.

Published 21 Apr, 2021 12:28pm

Business & Finance

Former FBR chief urges Tarin to make fundamental corrections

Taking to social media, Zaidi urged the finance minister to make fundamental corrections in the system. He also called for the registration of all industrial and commercial consumers for sales tax.

Published 21 Apr, 2021 10:41am

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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