News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

ECC withdraws customs duty on cotton yarn import

“Now the value-added manufacturers and exporters can import cotton yarns at 0% customs duty,” added Dawood.

Published 14 Apr, 2021 02:34pm

Business & Finance

Hammad stresses on to strengthen business ties with KSA

Hammad said that the Pakistani diaspora in Saudi Arabia is a great asset for the country, and the government has taken initiatives such as Roshan Digital Accounts to facilitate non-resident Pakistanis for making investment in Pakistan.

Published 14 Apr, 2021 01:07pm

Business & Finance

Pakistan’s powerful groups enjoy economic privileges of over $17bn: UNDP Report

The report highlights that the poorest and richest Pakistanis live in completely different countries, with literacy levels, health outcomes, and living standards that are poles apart.
Pakistan’s tax system does not contribute significantly to reducing inequality in the country due to low share of direct taxation, which is under 20 percent.

Updated 14 Apr, 2021 11:56am

Technology

Whatsapp introduces new features for Ramadan

These stickers have highlighted the importance of Iftar, Sehri times, and fasting, and its awareness.

Published 14 Apr, 2021 10:12am

Markets

USD to decline further against PKR; Expert anticipates record Remittances in Eid season

“Each month $300 to $400 million dollars are coming into interbank market through exchange companies which have led to the rise in foreign exchange reserves and strengthen the local currency,” he said.
Malik Bostan informed that Pakistan has become the fourth largest in terms of remittance inflows, with India at the top followed by China and the Philippines.

Published 13 Apr, 2021 02:11pm

Business & Finance

Pakistan’s leading machinery lubricant maker enters into plastic packaging business

The company informed that this business will be pursued through the existing plant site of HTL subsidiary Hi-Tech Blending (Pvt.) Ltd. (HTBL).

Published 13 Apr, 2021 12:32pm

Markets

PSX office/trading timing during Ramadan

During the month of Ramadan-ul-Mubarak 1442 A.H., the PSX will observe office hours from 9:30 a.m. to 3:30 p.m. from Monday to Thursday, while on Friday the office hours will be from 9:30 a.m. to 2:30 p.m.

Published 13 Apr, 2021 11:12am

Business & Finance

FBR assures full support to business community

The Chief Commissioner welcomed RCCI budget proposals, including extension in integration of POS systems, tax audits, updating profiles for Active Tax Payers List (ATL), recovery notices and payments on installments.

Published 13 Apr, 2021 10:37am

Business & Finance

Pakistan Refinery says exploring option to purchase used refinery units

“The company is exploring the option of pre-owned/used refinery units in addition to the option of new refinery units for cost-effective analysis,” PRL said in a statement, the refinery, however, said that no decision is made as yet for finalizing any of the aforesaid options.

Published 12 Apr, 2021 03:42pm

Business & Finance

PSW Act to facilitate trade in Pakistan, says PM Khan

The prime minister informed that PSW will bring an annual savings of $500 million and reduce will cargo clearance time from days to hours by integrating 75 regulatory departments including “customs, banks, port authorities, shipping companies and brokers etc.”

Published 12 Apr, 2021 02:28pm

Business & Finance

KSA wealth fund invites Pakistani businesses to explore investment opportunities

As per PIF statement, “the Public Investment Fund is seeking to become a leading global impactful investor in line with the objective of Vision 2030 and to drive the economic transformation of Saudi Arabia, through active long- term investments.”

Published 12 Apr, 2021 12:47pm

Business & Finance

PM to address ECOSOC Forum on Finance

As per details, the objective of the Forum is to mobilize adequate financial support to enable the developing countries to recover from the impact of the COVID-19 pandemic and achieve the Sustainable Development Goals (SDGs) and the climate objectives.

Published 12 Apr, 2021 12:19pm

Business & Finance

Pakistan entering third COVID-19 wave with strong economic indicators: Baqir

Baqir appreciated the role of Overseas Pakistanis for their role in maintaining the growth in remittances. “We have to thank Overseas Pakistan for the unparalleled growth we are seeing in our remittances,” he said.

Updated 12 Apr, 2021 11:47am

Business & Finance

Pakistan's Remittances hit above $2bn mark for 10 straight months

Cumulatively during July-Mar FY 21, remittances have risen to $21.5 billion, up by 26 percent over the same period of FY20.

Updated 12 Apr, 2021 12:07pm

Business & Finance

KSA enacts new law banning foreign employment

Under the new law, only Saudi nationals will be eligible to work in shopping malls, but only a few positions will be exempt from the law, details of which have not been released.

Published 10 Apr, 2021 03:11pm

Business & Finance

Hammad lauds Pakistan’s fiscal response against COVID-19

The minister added that as a result, Pakistan has witnessed one of the smallest increases in public debt in the world after COVID-19, while sharing data of the International Monetary Fund (IMF) World Economic Outlook.

Published 10 Apr, 2021 01:46pm

Technology

Facebook brings in new features for the month of Ramadan

There will be new avatar stickers available in the Facebook app, as well as new camera effects and stickers on Messenger and Messenger Kids.

Published 10 Apr, 2021 12:57pm

Business & Finance

Govt appoints Asim Ahmed as FBR Chairman

The FBR Chairman, Javed Ghani, was set to retire on April 10th, i.e., two months before the announcement of the federal budget.

Published 09 Apr, 2021 04:18pm

Business & Finance

Business activities to remain close across Sindh two days a week

The notification said that meat shops, bakeries, fruit and vegetable shops would be open from 6 am to 8 pm on Friday and Sunday, while medical stores would be allowed to be open 24 hours a day.

Published 09 Apr, 2021 02:15pm

Business & Finance

Russian co intends to setup desalination, waste-to energy project in Karachi

The delegation was briefed about various incentives offered to enterprises in Special Economic Zones (SEZs) and encouraged them to establish operations in SEZs located in Sindh.

Published 09 Apr, 2021 12:31pm

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 27	152.46
USD to Swiss Franc / Nov 27	0.89
Pound Sterling to USD / Nov 27	1.26
Euro to USD / Nov 27	1.05

Stock	Volume
S&P 500 / Nov 26	6,021.63
India Sensex / Nov 26	80,004.06
Tokyo Nikkei / Nov 26	38,152.61
Nasdaq / Nov 26	19,175.58
Hang Seng / Nov 26	19,249.91
FTSE 100 / Nov 26	8,258.61
Dow Jones / Nov 26	44,860.31
Germany DAX 30 / Nov 26	19,295.98

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 26	17,685
Gold 10 Grams PKR / Nov 26	239,716
Petrol/Litre / Nov 27	248.38
Crude Oil USD/Barrel / Nov 27	68.80
Gold Spot USD/Ounce / Nov 27	2,637.94
Diesel/Litre / Nov 27	255.14

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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