News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

SPDC urges govt to increase tax on tobacco in upcoming Federal Budget

This would not only help curb tobacco use in the country but would also contribute to generating more revenues that can be used for promoting public health.

Published 20 Apr, 2021 03:14pm

Business & Finance

TRG Pakistan's associate to sell its stake in E-Telequote

“TRG Pakistan’s prorated stake at closing, excluding any earn-out and prior to net debt adjustment at TRGIL, will be approximately Rs 21.5 billion,” it said.

Published 20 Apr, 2021 01:27pm

Technology

Pakistan suffers further drop on Inclusive Internet Index

Pakistan ranked highest in the Affordability pillar due to improvements in the competitive environment and a decrease in mobile phone costs.
However, not all was gloomy for Pakistan as it was among the countries that have made commendable progress in reducing gender gap in Internet access.

Published 20 Apr, 2021 12:22pm

Business & Finance

UAE extends $ 2bn loan repayment period for Pakistan

“FM Qureshi lauded UAE’s consistent support to Pakistan and welcomed the announcement of rolling back payment of $2 billion, which symbolizes the depth and strength of bilateral ties,” said the Ministry of Foreign Affairs in a statement.

Published 20 Apr, 2021 11:24am

Business & Finance

Tarin's target of achieving 6-7pc GDP growth not an easy task, says expert

Najam was of the view that despite challenges, the government should target to achieve a 6pc to 7pc growth rate and utilize all the resources at its disposal especially low-interest rate (policy rate).

Published 20 Apr, 2021 10:57am

Business & Finance

Finance Minister Tarin kicks off budget preperation

The Finance Minister said that there are many plans to improve the economy, which will be revealed to the media.

Published 19 Apr, 2021 03:47pm

Business & Finance

NAB recovered Rs 321bn from corrupt elements in 2020

NAB has filed 1269 corruption cases having an accumulative value of Rs 950 billion which are subjudice in the learned accountability courts.

Published 19 Apr, 2021 02:32pm

Business & Finance

Meeting IMF conditions biggest challenge for Tarin, says Expert

On Friday, Shaukat Tarin was appointed as the fourth Finance and Revenue Minister to head Ministry of Finance (MoF) in less than three years ahead of the budget for the next fiscal year.

Published 19 Apr, 2021 01:30pm

Business & Finance

Govt, MPCL sign agreement, allowing removal of dividend distribution cap

The company informed that accordingly, effective 1st July 2020, MPCL has been allowed to declare and distribute dividends in accordance with the provisions of the Companies Act 2017 (as amended from time time) and the Companies (Distribution of Dividends) Regulations, 2017. `

Published 19 Apr, 2021 10:53am

Business & Finance

Hackers scamming taxpayers through fake emails, warns FBR

As per details, these fake emails instruct the targeted taxpayers to check the attached Income Tax Defaulters List for their details.

Published 19 Apr, 2021 10:11am

Business & Finance

Federal govt bans import of conventional syringes

The Ministry of Commerce has also issued a notification banning the import of conventional syringes.

Published 17 Apr, 2021 02:54pm

Business & Finance

Karachi traders say will not follow Sindh govt new SOPs

Mir said that the frequent change of holidays was creating ambiguity.
President Karachi Electronics Dealers Association (KEDA), Mohammad Rizwan has announced that all electronics markets will be open today.

Published 17 Apr, 2021 01:10pm

Business & Finance

FBR drafting new rules to curb sale of unregistered cigarette brands in Pakistan

From July 1, 2021, Track & Trace System would be rolled out to cover tobacco manufacturing across the country, and the AJK Government had approached the Federal Board of Revenue to extend the scope of the Track & Track System to cigarette manufacturing units located inside AJK territory.

Published 17 Apr, 2021 11:49am

Business & Finance

Despite Covid-19, Pakistan’s economy struggling less than regional countries: Report

Despite the third peak of Covid-19, over a 12-month period PPI faces an upward-sloping trajectory reaching an all-time high of 126.1 points in January 2021 from 125.3 points in December 2020, signaling an economic turnaround largely driven by improved business confidence.

Published 17 Apr, 2021 11:29am

Business & Finance

Circular debt build-up has made power sector financially challenging, says Azhar

Secretary Power briefed Hamamd about the efforts being made for the reformation of the Power sector with a view to providing maximum relief to the electricity consumers.

Published 17 Apr, 2021 10:55am

Business & Finance

WB, FBR discuss ‘Pakistan Raises Revenue’ program

Asim Ahmad gave an update on the progress of the reforms agenda covering 10 Disbursement Linked Indicators (DLIs) and also shared concerns regarding the difficulties being encountered in progress on reform interventions involving data sharing with provinces and the Sindh High Court stay on the Track and Trace process.

Published 17 Apr, 2021 10:08am

Business & Finance

Standing Committee on Finance approve funds for projects in Punjab

As per details, funds will be released for various development projects in Lahore, Mianwali, Sahiwal and other cities.

Published 16 Apr, 2021 02:10pm

Business & Finance

PM Khan to announce Rs 446bn package for Sindh development

The minister added that the next two years will be of development in Sindh province. He added that the incumbent government is making all-out efforts to remove deprivations of the people of Sindh.

Published 16 Apr, 2021 10:12am

Business & Finance

Govt expects Remittances to exceed $27bn this fiscal

Workers’ remittance sent by overseas Pakistanis rose by 26 percent during the first nine months of this fiscal year.
The share of remittances in the GDP has gone up to 10 percent.

Published 15 Apr, 2021 02:27pm

Business & Finance

OGRA likely to reduce POL product prices

The oil and gas regulator computed the new rates based at 17 percent GST and PL rates notified on the POL for first half of April.

Published 15 Apr, 2021 12:43pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 31	279.03
USD PKR Interbank Buying / Jan 31	278.88
USD to Japanese Yen / Jan 31	154.72
USD to Swiss Franc / Jan 31	0.91
Pound Sterling to USD / Jan 31	1.24
Euro to USD / Jan 31	1.04

Stock	Volume
S&P 500 / Jan 30	6,071.17
Nasdaq / Jan 30	19,681.75
Hang Seng / Jan 30	20,225.11
Dow Jones / Jan 30	44,882.13
Germany DAX 30 / Jan 30	21,727.20
France CAC40 / Jan 30	7,941.64
India Sensex / Jan 31	77,500.57
Tokyo Nikkei / Jan 31	39,572.49

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 30	18,285
Petrol/Litre / Jan 31	256.13
Crude Oil USD/Barrel / Jan 31	72.68
Gold 10 Grams PKR / Jan 31	250,171
Gold Spot USD/Ounce / Jan 31	2,793
Diesel/Litre / Jan 31	260.95

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%)
Sana Ind / Jan 31 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
Tariq Corporation / Jan 31 Tariq Corporation Limited(TCORP)	16.91 ▲ 1.54 (10.02%)
I.C.C. Ind. / Jan 31 ICC Industries Limited(ICCI)	15.72 ▲ 1.43 (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%)
Pak Leather / Jan 31 Pak Leather Crafts Limited(PAKL)	32.63 ▲ 2.97 (10.01%)
Dandot Cement / Jan 31 Dandot Cement Company Limited(DNCC)	16.48 ▲ 1.5 (10.01%)

Stock	Price
Blue-Ex Ltd / Jan 31 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-10.01%)
D.M. Textile / Jan 31 D.M. Textile Mills Limited(DMTX)	63 ▼ -7 (-10%)
First Imrooz Mod. / Jan 31 First Imrooz Modaraba(FIMM)	189 ▼ -21 (-10%)
Power Cem(Pref) / Jan 31 Power Cement (Pref)(POWERPS)	10.41 ▼ -1.15 (-9.95%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	40.84 ▼ -4.51 (-9.94%)
Sec. Inv. Bank / Jan 31 Security Investment Bank Limited(SIBL)	7.83 ▼ -0.76 (-8.85%)
Shahtaj Sugar / Jan 31 Shahtaj Sugar Mills Limited(SHJS)	109.56 ▼ -10.44 (-8.7%)
Kohinoor Mills / Jan 31 Kohinoor Mills Limited(KML)	31.05 ▼ -2.9 (-8.54%)
F.Credit & Inv / Jan 31 First Credit and Investment Bank Limited(FCIBL)	7.28 ▼ -0.66 (-8.31%)

Stock	Volume
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	66,672,997 ▲ 0.14
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -1.33
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	36,344,486 ▼ -0.06
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.77
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.04
B.O.Punjab / Jan 31 The Bank of Punjab(BOP)	17,873,860 ▲ 0.2
K-Electric Ltd. / Jan 31 K-Electric Limited(KEL)	16,969,744 ▼ -0.07
Pak Refinery / Jan 31 Pakistan Refinery Limited(PRL)	16,492,313 ▼ -0.57
Treet Battery / Jan 31 Treet Battery Limited(TBL)	15,390,342 ▲ 1.07

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