News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

NPF ratio of Islamic Banking remains well below overall banking industry: SBP

During the quarter under review (October-December 2020), the asset base of Islamic Banking Industry (IBI) grew by 12.1 percent (Rs. 461 billion) and reached Rs. 4,269 billion.

Updated 24 Mar, 2021 01:13pm

Business & Finance

CPEC to bring socio-economic & industrial transformation, says BOI

He stated that the SDGs Academy is doing a wonderful job in enhancing Pakistan’s business ties.

Published 24 Mar, 2021 11:28am

Business & Finance

Demand for face masks rise amid third COVID-19 wave

In a tweet, Minister for Planning and Development Asad Umar said that during the meeting today, NCOC decided to increase restrictions of activities contributing to a sharp increase in coronavirus positivity.

Published 24 Mar, 2021 11:04am

Business & Finance

Pakistan LNG seeks bids to import 8 cargoes

As per details, bids are invited from reputed international suppliers for the supply of eight LNG cargoes on a Delivered Ex-Ship (DES) basis at Port Qasim Karachi Pakistan.

Published 23 Mar, 2021 03:53pm

Technology

Telecom giant VEON acquires Pakistani operator Jazz for $273mn

The transaction gives VEON full ownership of Jazz.

Published 23 Mar, 2021 01:40pm

Business & Finance

Demand for solar modules rise as Pakistan moves towards renewable energy

Pakistan had a total power generation capacity of 38,719MW as of 30 June 2020, solar PV accounts for 530MW, holding a share of 1.36% of total power generation capacity in the country.

Published 23 Mar, 2021 01:13pm

Business & Finance

Pakistani investors aim to expand footprint in Saudi Vision 2030

The investors want to use their assets and savings based in Pakistani as collateral to get financing for the projects.

Published 23 Mar, 2021 12:24pm

Technology

Facebook to initiate projects in Pakistan: Bangash

“We should support platforms such as Google, YouTube, Facebook as a majority of our youth is connected to them,” he said.

Published 23 Mar, 2021 11:48am

Markets

PSX ends opening day in green territory, KSE-100 Index gains over 500 pts

Meanwhile, the KMI 30 index gained 1,295.15 pts closing at 75,111.70. While the KSE All Share index managed to gather 331.12 pts ending day at 31,081.32.

Published 22 Mar, 2021 04:41pm

Business & Finance

Pakistan needs to pump more funds, speed up COVID vaccination process: PIDE

“The federal government has allocated Rs. 25 billion for the procurement of the COVID-19 vaccine but much more is needed,” the report said.
The report also called for the local pharmaceutical industry to gear up for the homegrown production of a COVID-19 vaccine

Published 22 Mar, 2021 03:39pm

Business & Finance

Procurement of Wheat: SBP issues instructions for banks

Special efforts shall be made to ensure that the facilities availed for purposes other than wheat procurement are not utilized for financing of wheat stocks, it said.

Published 22 Mar, 2021 01:35pm

Business & Finance

UAE approves Remote Work Visa to attract foreigners

The new scheme aims to boost the competitiveness of the UAE’s tourism sector and support the UAE economy.

Published 22 Mar, 2021 12:18pm

Markets

Turkish lira plunges 14pc after Central Bank governor sacked

Aqbal is the third person to hold the post of central bank governor in the last two years.

Published 22 Mar, 2021 11:29am

Business & Finance

Govt to ensure wheat supply, after MSP fixed at Rs1,800

Fixing the wheat support price at 1,800 rupees per forty kilogram is reflective of Prime Minister Imran Khan's pro-farmer policy, says Faraz.

Published 20 Mar, 2021 04:34pm

Business & Finance

Kuwait assures to increase Pakistani workforce presence

"He assured me of increased participation of Pakistani skilled workforce in various sectors in Kuwait in coming times,” tweeted Bukhari.

Published 20 Mar, 2021 02:00pm

Business & Finance

Economic growth forecast raised amid robust industrial growth, says Hammad

While still modest, at around 3 percent, growth in FY21 is now projected to be higher than previously anticipated due to improved prospects for manufacturing and reflecting in part the monetary and fiscal stimulus provided during Covid, stated MPC.

Published 20 Mar, 2021 01:11pm

Business & Finance

SBP removes cash margin on Lyophilisers import, to boost COVID vaccination

“This will contribute favourably to our vaccination drive as Lyophilisers are used for stabilisation of vaccines,” said Dawood.

Published 20 Mar, 2021 12:17pm

Business & Finance

Govt decides to end Rs 140bn tax exemptions with upcoming ordinance

As per details, the federal government will bring in an ordinance to meet the IMF requirement, which will eliminate income tax exemption of up to Rs 140 billion for various sectors.

Published 20 Mar, 2021 11:19am

Business & Finance

FBR steps up operations against illicit cigarettes

In the month of March, the Directorate's Islamabad team seized 900 cartons of illegal cigarettes on GT Road in two separate operations.

Published 20 Mar, 2021 10:58am

Business & Finance

State Bank MPC: Policy Rate remains unchanged at 7pc

Growth in FY21 is now projected to be higher than previously anticipated due to improved prospects for manufacturing and reflecting in part the monetary and fiscal stimulus provided during Covid.
Looking ahead, as the temporary increase in inflation from administered prices wanes, inflation should fall to the 5-7 percent target range over the medium-term.

Updated 19 Mar, 2021 05:21pm

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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