News stories for Ali Ahmed - Business Recorder

Ali Ahmed

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

Business & Finance

Govt to launch Peri-Urban housing scheme in Punjab

Shahbaz Gill said the peri-urban housing project will be expanded to all tehsils of Punjab.

Published 19 Mar, 2021 02:25pm

Business & Finance

K-2 nuclear plant successfully synchronized with National Grid

Back in December, the CNNC started fuel-loading at the Karachi 2 reactor as part of the process to connect it to the grid.

Updated 19 Mar, 2021 03:00pm

Markets

Free-float exchange rate major contributor behind PKR rise against USD: Expert

The rise in Pakistan's remittances and exports and the accumulation of dollars in the SBP Roshan Digital Accounts are among the factors behind the rupee appreciation against the dollar.

Updated 19 Mar, 2021 12:00pm

Business & Finance

SBP to announce MPS today

Later on, the SBP will issue the MPS to announce the decision of the committee for key policy rate.

Updated 19 Mar, 2021 12:03pm

Markets

Bears return at PSX, benchmark index drops over 700 points ahead of MPS

KSE-100 index recorded an intraday high of 45,612.95, however, the index failed to sustain the gains and slid to day’s low of 44,641.49.

Published 18 Mar, 2021 04:51pm

Business & Finance

Digital Financial Transactions show double-digit growth in Pakistan: SBP

“In the last few years, digital payment transactions in Pakistan have shown significant growth, reflecting the favourable impact of the SBP’s policies in shifting customer preferences. Expansion in digital payment infrastructure as well as the emergence of new payment aggregators have played a role in this growth,” said SBP.

Published 18 Mar, 2021 02:12pm

Technology

Facebook announces changes to keep misinformation & harmful content at bay

The new policies are part of a continued effort to clean up misinformation and harmful content, like hate speech and misinformation, and make it harder for certain groups to operate or be discovered, whether they’re Public or Private.

Published 18 Mar, 2021 01:46pm

Business & Finance

PM Khan assures to allocate more funds for housing program

The Prime Minister assured to allocate more funds for the housing program with the increase in the revenue of the government so that the working and the salaried class could build their houses.

Published 18 Mar, 2021 01:08pm

Business & Finance

KP eyes to utilize hydropower for cryptomining

The first meeting of the KP Crypto Advisory Committee held at KPITB. KP government on the directions and guidance of Chief Minister KP Mahmood Khan is taking serious steps regarding cryptocurrency and crypto mining.

Published 18 Mar, 2021 11:59am

Technology

National Incubation Centers partners with TPL Trakker to provide LBS to startups

Following the partnership, TPL Trakker will provide customized Location Based Services (LBS), to all the startups engaged at NIC, Karachi, Lahore and Islamabad.

Published 18 Mar, 2021 11:19am

Business & Finance

Finance Ministry clarifies State Bank Amendment Act 2021

It is pertinent to mention that the SBP already has longstanding MoUs / arrangements with several international regulatory bodies/central banks, after approval of the Federal Government, read the ministry statement.

Published 18 Mar, 2021 10:56am

Business & Finance

Pakistan has potential to become global tourist destination: TUROYD

While delivering a presentation Ali highlighted that tourism dynamics have drastically changed due to the ongoing pandemic and their association is workings towards ecological tourism.

Published 18 Mar, 2021 10:26am

Technology

PTA inspects Mobile Service quality on Pakistan’s highways

The survey results reveal that good 3G coverage is available throughout GT Road, whereas Indus Highway has adequate 3G coverage with patchy 4G coverage.

Published 17 Mar, 2021 04:53pm

Business & Finance

Fitch assigns Pakistan’s WAPDA at 'B-' ratings with Stable outlook

Fitch Ratings maintain a 'Very Strong' assessment regarding WAPDA's ownership structure and control mechanism.

Published 17 Mar, 2021 02:59pm

Business & Finance

Pakistan FDI drops over 29pc in first eight months of FY21

During the period under review, FDI inflows stood at $1.984 billion against the outflow of $ 683.6 million.
FDI fell by 44.04pc on a YoY basis to $155 million in the month of February 2021 as compared to the same month in 2020.

Updated 17 Mar, 2021 12:55pm

Business & Finance

Pakistan extends $1.5bn defense deal with Turkey

The $1.5bn defense agreement between Pakistan and Turkey has come to a standstill due to the United States.

Published 17 Mar, 2021 11:50am

Business & Finance

KP launches Pakistan's first Advisory Committee for cryptocurrency & cryptomining

Bangash also thanked Waqar Zaka, one of the leading voices supporting cryptocurrency in Pakistan for his full cooperation and support to the KP government.

Published 17 Mar, 2021 11:03am

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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