News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

MLCF enhances grey clinker production

The capacity of the Line-3 has been increased from 7300 to 7800 tons per day of clinker, this was achieved due to a debottlenecking and Balancing Modernization and Replacement (BMR) program, informed the cement manufacturer.

Published 06 Apr, 2021 10:44am

Business & Finance

Rs 1.6bn release for petroleum sector projects under PSDP

An amount of Rs1.686bn had been provided against a total allocation of Rs 1.821.520bn for the execution of the projects for five ongoing projects.

Published 05 Apr, 2021 04:10pm

Business & Finance

It’s Official! LG to shutdown mobile phone business worldwide

“The wind down of the mobile phone business is expected to be completed by July 31 although inventory of some existing models may still be available after that,” the company said.

Published 05 Apr, 2021 02:15pm

Business & Finance

Withdrawal of tax exemptions to take toll on trade & industry, say experts

The government has withdrawn a wide range of income tax exemptions to the emerging sectors and industries including IT sector; exemption on profit and gains derived by LNG terminal operators and terminal owners and exemption available to the Pakistan Mortgage Refinance Company under the Tax Laws (Second Amendment) Ordinance, 2021.

Published 05 Apr, 2021 01:38pm

Technology

Facebook gives users more control over comments on public posts

“By adjusting your commenting audience, you can further control how you want to invite conversation onto your public posts and limit potentially unwanted interactions," said the platform.

Updated 05 Apr, 2021 12:39pm

Business & Finance

Approached IMF due to weak economic conditions, says Baqir

He said SBP will implement those policies which benefit the economy of Pakistan.

Published 05 Apr, 2021 10:42am

Business & Finance

Pakistan’s Trade Deficit balloons over $ 20bn in 9MFY21

According to data released by the Pakistan Bureau of Statistics (PBS), the trade deficit for the month of March 2021 was recorded at $ 3.271bn, showing a month-on-month increase of 28.02 percent as compared to a deficit of $2.555bn recorded in February 2021.

Published 03 Apr, 2021 01:39pm

Technology

What will iPhone 13 look like?

According to experts, in 2021, four models of iPhone 13 will be launched namely; iPhone 13 Pro, iPhone 13 Pro Max, iPhone 13, and iPhone 13 mini.

Published 03 Apr, 2021 12:45pm

Technology

Pakistan’s Mobile Broadband subscribers cross 100mn mark

It informed that broadband is provided over 3G/4G networks with an average download speed of 17.7 Mbps and upload speed of 11.3 Mbps (mobile) which is above the speed levels in other regional countries.

Published 03 Apr, 2021 11:35am

Business & Finance

Private Sector Wheat procurement: SBP amends instructions

Banks are required to strictly fulfill the conditions for extending financing to eligible borrowers, which should be licensed and functional flour mills duly evidenced by some documentation or licensed wheat traders registered with the concerned authority/department.

Published 03 Apr, 2021 11:03am

Technology

USF awards Rs 2.07bn contract to Ufone, for providing High Speed Mobile Broadband

The Ministry of IT and Telecommunication through USF has contracted various development projects worth approximately PKR 7 Billion to provide High-Speed Mobile Broadband services in districts of Chagai, Noshki, Bolan, Mastung, Panjgur, Gwadar, Ziarat, Jaffarabad and Pishin.

Published 02 Apr, 2021 04:58pm

Business & Finance

No plan to privatize PIA assets, Sarwar informs NA

He said routes that were bearing loss have been closed and flights on profitable routes have been added which has resulted in a reduction of losses.

Published 02 Apr, 2021 02:10pm

Markets

PSX inks agreement to launch E-IPO System

8 The E-IPO system will electronically connect investors, share registrars with brokers / TRE Certificate holders, banks via 1LINK, and the shares custodial company, Central Depository Company (CDC) on a real-time basis with a simplified end-to-end customer experience.

Published 02 Apr, 2021 12:05pm

Business & Finance

Pakistan's Organic Meat Company gets approval to Export beef to China

“This process will enable us to access more markets for value-added meat products,” the company added.

Published 02 Apr, 2021 11:35am

Business & Finance

Deposits in Roshan Digital Accounts cross $ 800mn mark: SBP

Inflows have been accelerating every month since the RDA launch in September 2020.

Published 02 Apr, 2021 11:13am

Business & Finance

Pakistan's Searle announces agreement with China’s Livzon for COVID-19 vaccine

As per Searle, the license agreement also covers the manufacturing transition of the V-01 vaccine in Pakistan.

Updated 01 Apr, 2021 04:49pm

Business & Finance

Federal Cabinet rejects summary of sugar & cotton import from India

After the rejection of the summary by the cabinet, the Prime Minister directed the concerned authorities to intensify efforts to import sugar and cotton from other countries at reasonable prices.

Published 01 Apr, 2021 03:39pm

Business & Finance

Pakistan's Exports cross US$ 2.3bn mark in March

“This is also the first time since 2011 that exports have crossed the $ 2 billion mark for six consecutive months,” said Dawood.

Published 01 Apr, 2021 12:23pm

Business & Finance

PM Khan lauds FBR after ‘historic’ double-digit growth

The prime minister was of the view that the growth is clear signs of the broad-based economic recovery that has resulted from government policies.

Published 01 Apr, 2021 11:39am

Markets

Pakistani Rupee emerges as world’s best currency of 2021

“It’s good to celebrate but equally concern to maintain the competitiveness. I’m on for gradual changes than abrupt,” Aslam added in his tweet post.

Published 01 Apr, 2021 10:53am

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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