News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Czech billionaire dies in Helicopter crash

A statement issued by the PPF Group N.V. a privately held international financial and investment group founded in 1991 by the 56-year-old billionaire stated that Kellner was killed in a helicopter crash on March 27 in a mountainous area of Alaska.

Published 29 Mar, 2021 02:08pm

Business & Finance

SBP signs MoU for Digitizing Federal Government Payments through Raast

As per details, the payroll and pension-roll data will be shared from CGA system to SBP’s Raast through a highly secured interface, and payments to the beneficiaries’ accounts will be made instantly after validating the beneficiaries’ detail.

Published 29 Mar, 2021 01:06pm

Technology

Pakistan to launch digital payment gateway soon, Ministry of IT

Projects have been launched under the Universal Service Fund for network coverage in the province.

Published 29 Mar, 2021 12:28pm

Business & Finance

Ongoing Suez Canal blockage to add pressure on global supply chains

The Evergreen Marine, a 1300f long Japanese vessel was stranded in the Suez Canal, a major trade route connecting Asia and Europe, on Tuesday, disrupting several ships on the Suez Canal, alongside disrupting international trade.

Published 29 Mar, 2021 11:36am

Business & Finance

Moody’s says Robust growth in Pakistan’s Islamic banking a credit positive

“The growth is credit positive for Pakistani banks because it attracts customers from the previously unbanked population, which creates new business opportunities and boosts banks' financial performance,” said Moody’s.

Published 29 Mar, 2021 11:00am

Business & Finance

Punjab imposes strict restrictions on sugar traders

Under the order, the sale and purchase of sugar system would be regulated.
The godowns of sugar mills and dealers would be registered and only registered dealers would be allowed to sell or purchase sugar.

Published 27 Mar, 2021 02:10pm

Business & Finance

Suez Canal blockage: Stranded Japanese ship likely to be freed soon

The Japanese ship was stranded in the Suez Canal, a major trade route connecting Asia and Europe, on Tuesday, disrupting several ships on the Suez Canal, also disrupting international trade and sending several companies back to Africa.

Updated 27 Mar, 2021 02:16pm

Business & Finance

Baqir says State Bank should be given operational independence to pursue objectives

Talking about the rise in power tariff coming in the wake of the government's recent decisions the governor of the central bank said that our aim should be to reduce the circular debt.
“The current amendments are a part of a broader process to modernize the central bank in light of latest developments,” he said.

Updated 27 Mar, 2021 01:20pm

Business & Finance

COVID-19 pandemic boost mobile banking, registered users reach 1.2bn: Report

According to the report, total transaction values grew by 22pc in 2020 to reach $767 billion.

Published 26 Mar, 2021 04:26pm

Business & Finance

FTO decides refund claim of over Rs 5.86bn during 2020

The Federal Tax Ombudsman highlighted that 3,555 complaints were disposed of during 2020.

Published 26 Mar, 2021 03:36pm

Business & Finance

42pc Pakistanis expect rise in unemployment in coming months, reveals Survey

Overall CCI increased to 90.3 in Q4 from 79.0 in Q1, up 14.3% as the improvement in the current situation was magnified by a recovery from a low base.

Published 26 Mar, 2021 02:17pm

Business & Finance

WB approves $ 600mn to support expansion of Pakistan’s Ehsaas program

“This investment supports Ehsaas in developing an adaptive social protection system that is more efficient and offers a new model for crisis-response and increasing household resilience to future shocks.”

Published 26 Mar, 2021 12:07pm

Business & Finance

Granting independence to central bank in interest of the country: Asad Umar

“The direction is right that an independent central bank is in the interest of a country,” he said.

Published 26 Mar, 2021 11:21am

Business & Finance

NEPRA Act (Amendment) Ordinance 2021 issued

After the amendment in the Act, NEPRA has got autonomy with regard to electricity prices.

Published 26 Mar, 2021 10:44am

Markets

PSX Board urges Finance ministry, FBR to review proposed tax amendments

It was of the view that the capital markets in Pakistan are probably the most documented sector of the economy.

Published 25 Mar, 2021 03:56pm

Business & Finance

Hungary companies planning to invest in Pakistan

Pakistan and Hungary launched the ‘Trade & Economic Window’ for collaboration in diverse fields and explore joint ventures in energy, information technology, and tourism.

Published 25 Mar, 2021 02:42pm

Business & Finance

Committee to resolve KMC, KE payment issues

He said that as a first step, progress has been made on uncomplicated matters, after which other matters will be settled amicably.

Published 25 Mar, 2021 01:04pm

Business & Finance

Pakistan orders over a million COVID-19 vaccines from China

He informed that the orders are expected to arrive within days.

Published 25 Mar, 2021 11:52am

Business & Finance

IMF reviews Pakistan’s remedial action linked to noncomplying purchase

IMF said that the authorities have taken strong corrective actions to address institutional and technical short-comings that gave rise to the inaccurate information.

Published 25 Mar, 2021 11:07am

Business & Finance

IMF approves $500mn tranche, as Pakistan make satisfactory progress

IMF Deputy Managing Director Antoinette Sayeh told this in a statement saying the latest payment brought total disbursements under the Extended Fund Facility to $2bn since the program was first approved in July 2019.

Published 25 Mar, 2021 10:31am

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

Markets →

Budget 2024-25: income tax calculator for FY25

Most Popular