News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Market expert terms PSX latest nosedive as ‘synchronised’ & ‘coordinated’ sell-off

“I believe this is a synchronised sell-off and it was coordinated. The apex and frontline regulators should look into it,” said Najam Ali CEO Next Capital, while talking to a private channel.

Published 12 Mar, 2021 12:16pm

Business & Finance

SBP waives off cash margin requirement on industrial items

“Banks are further clarified that cash margin requirement will not be applicable on the imports made under HS Code 87021090 (Others) by Category-A and Category-B investors as defined in the Automotive Development Policy, 2016-2021,” said SBP.

Published 12 Mar, 2021 11:40am

Business & Finance

FBR issues Sales Tax General Orders for specified sectors

As per FBR, these laws mandate FBR to notify the date for the implementation of Electronic Monitoring of productions and sales of goods in the manner prescribed in the law on all manufacturing sites (unless otherwise provided) of all the notified sectors.

Published 12 Mar, 2021 10:26am

Business & Finance

Workers Remittances see 'exceptional' growth of over 24pc in February

On a cumulative basis, remittances rose to an unprecedented $18.7bn during Jul-Feb FY21, up 24.1pc compared to the same period last year.

Updated 12 Mar, 2021 10:07am

Business & Finance

Lucky Cement production facility in Iraq commences commercial operations

The company added that the said cement production facility is a joint venture with the Al-Shamookh group of Iraq.

Updated 11 Mar, 2021 05:33pm

Business & Finance

Ex-Commerce minister blast at govt decision to withdraw tax exemptions

Akhtar said unfortunately Pakistan is moving in an opposite direction. “I think this will have a negative impact on Pakistan’s economy,” he said.

Published 11 Mar, 2021 02:50pm

Business & Finance

PIA initiates VSS, payments made to over 100 employees

The scheme was aimed at reducing the manpower of the company. The scheme would save about Rs 2.5 billion annually.

Published 11 Mar, 2021 01:30pm

Business & Finance

Further steps being taken for power generation and supply, says Babar

The Policy is aimed at the utilization of coal reserves especially at Thar coalfield to generate alternative fuels from coal such as synthetic gas and diesel to reduce the heavy reliance on imported fuels.

Published 11 Mar, 2021 12:12pm

Business & Finance

NEPRA decides to revise electricity prices for K Electric

According to the notification, the tariff for electric consumers has been increased for six months and reduced for five months.

Published 11 Mar, 2021 11:08am

Business & Finance

FBR launches new automated system tax refund payments

As per FBR, this system would eliminate human interaction between tax authority and taxpayers as well as ensure quick relief to the business community.

Published 11 Mar, 2021 10:43am

Business & Finance

ECC approves Ramadan package for Utility Stores

In the meeting, it was decided that 19 essential items would be subsidized at the utility stores, under the Ramadan package.

Published 10 Mar, 2021 11:58pm

Business & Finance

PM reaffirms resolve to facilitate Uzbekistan's access to Pakistani ports

He expressed appreciation for the proposed Trans-Afghan railway project between Pakistan, Uzbekistan and Afghanistan.

Updated 10 Mar, 2021 03:45pm

Business & Finance

Govt express delight as reduction in Smuggling increase local Tyre Cos profits

The advisor was of the view that the incumbent government has successfully stopped the process of de-industrialisation and is now working towards industrial expansion.

Published 10 Mar, 2021 02:11pm

Business & Finance

Pakistan initiates anti-dumping investigation on cold rolled sheets imports

The investigation will determine whether CR Coils/Sheets originating in and/or exported from the Exporting Countries is dumped into Pakistan and whether such dumping has caused and /or is causing injury to the domestic industry within the meaning of provisions of the Act.

Published 10 Mar, 2021 01:05pm

Business & Finance

ECC to approve Ramadan Package today

Finance Minister Abdul Hafeez Sheikh while addressing the media said that the Economic Coordination Committee will approve the package.

Published 10 Mar, 2021 12:20pm

Business & Finance

$1.5bn Pakistan-Turkey defense deal comes to a standstill

The T-129 ATAK helicopter gunships were being produced by TAI under license from the Italian-British company AgustaWestland.

Published 10 Mar, 2021 10:33am

Business & Finance

NEPRA approves electricity hike of Rs 0.89 per unit

The latest increase has been made on account of variations in the fuel charges for the month of January 2021.

Published 09 Mar, 2021 04:36pm

Business & Finance

Saudi Arabia launches competency test for all skilled workers

The country has launched “Professional Verification” program to ensure the competence of the skilled workers in the Kingdom's labor market.

Published 09 Mar, 2021 02:48pm

Business & Finance

Rising oil prices not good news for Pakistan warns expert

The report added that the additional burden on the import bill would also add to fiscal challenges as the government has already lowered the petroleum levy to Rs13 per litre to maintain petroleum prices at current levels.

Published 09 Mar, 2021 01:15pm

Business & Finance

Red rally continues at PSX as KSE-100 Index bleeds over 1,000 points

At the time of filing this report, the index was being traded at 43,968.04 points showing a drop of 1083.02 points and a negative percent change of 2.4pc.

Published 09 Mar, 2021 12:26pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 27	277.03
USD PKR Interbank Buying / Nov 27	277.83
USD to Japanese Yen / Nov 27	151.96
USD to Swiss Franc / Nov 27	0.88
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
Nasdaq / Nov 26	19,175.58
FTSE 100 / Nov 26	8,258.61
Dow Jones / Nov 26	44,860.31
Germany DAX 30 / Nov 26	19,295.98
France CAC40 / Nov 26	7,194.51
India Sensex / Nov 27	80,416.35
Tokyo Nikkei / Nov 27	38,134.97

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	69.12
Gold Spot USD/Ounce / Nov 27	2,647.32
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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