News stories for Ali Ahmed - Business Recorder

Ali Ahmed

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

Business & Finance

Low-interest rate, stable currency boost Pakistan’s corporate sector earnings

The analyst added that a major chunk of the profits is retained by the companies, which are used for expansion purposes that lead to economic growth and employment creation.

Published 09 Mar, 2021 11:42am

Business & Finance

Flour mills demand govt to allow private sector import wheat.

He said that quota should be given on the basis of equality instead of population as getting quota on the basis of equality would end the shortage of flour and reduce the prices.

Published 09 Mar, 2021 10:33am

Markets

PSX fails to sustain early gains as benchmark KSE-100 Index loses over 780 pts

The benchmark KSE 100 index falling below 45,000 to day’s low of 44,849.07 losing 988.28 pts.

Published 08 Mar, 2021 04:56pm

Business & Finance

HUBCO subsidiary to acquire all upstream operations of ENI in Pakistan

Furthermore, the company will also acquire renewable energy assets owned by Eni in Pakistan.

Published 08 Mar, 2021 04:09pm

Business & Finance

Pakistan’s Capital Market ring the Bell for Gender Equality

Speaking at the occasion, the MD & CEO of PSX, Farrukh H. Khan, said, “I am very pleased that Pakistan Stock Exchange is not only celebrating this event every year for the last four years, but is also making tangible efforts to materialise the objective of gender equality in the capital market and corporate sector of Pakistan”.

Published 08 Mar, 2021 03:41pm

Technology

Researchers develop face masks that can detect COVID-19

The US National Institutes of Health has provided a $1.3 million grant to the University of California for the project.

Published 08 Mar, 2021 02:34pm

Business & Finance

Inflation bites as chicken rate hikes up in Karachi

On the other hand, poultry sellers expressed that the price is likely to rise further due to a shortage of supply from poultry farmers.

Published 08 Mar, 2021 01:28pm

Business & Finance

Govt to launch ‘Brand Pakistan’ to promote tourism sector

Bukhari who also serves as the Chairman of National Tourism Coordination Board (NTCB) informed that Pakistan will get 25 to 30 hotels in coming years as tourism is a priority of the present government.

Published 08 Mar, 2021 10:41am

Business & Finance

ITI regional freight train to launch in coming days

The Istanbul-Tehran-Islamabad (ITI) Freight Train has the capacity to move 750 MT of goods and will complete its one-side trip in 12-days.

Published 06 Mar, 2021 04:11pm

Business & Finance

BOI paves way for colonization in CPEC's Special Economic Zones

Applicants include a Chinese Firm Zhengbang Agriculture Pakistan Pvt Ltd with a plan Rs. 800 m investment. Amongst other 14 local firms, Zahid Jee Textile Mills, Ocean Ceramics & Ittehad Metals to initiate business establishments worth Rs.11.8 billion, Rs. 11.2bn and Rs. 7.5bn, respectively.

Published 06 Mar, 2021 02:48pm

Business & Finance

NEPRA approves additional power supply of 150 MW to KE

NEPRA has accorded final approval of the Tripartite Power Purchase Agreement made between K-Electric, NTDC and CPPA-G for supply of 150 MW from National Grid to K-Electric through 03 WPPs i.e. namely 50 MW Tenaga, 50 MW Zephyr and 50 MW Hydro China Dawood.

Published 06 Mar, 2021 01:09pm

Business & Finance

Work on Karachi's Red Line Project to begin soon

Work on the project will begin soon and will be completed in two years, he said while chairing a meeting on the Red Line Bus project.

Published 06 Mar, 2021 12:18pm

Business & Finance

Pakistan’s Cement Sector Outlook remains Bright says expert despite nominal growth

The sector posted growth of 1.98 percent in February 2021 as compared to February 2020. Total cement despatches during February 2021 were 4.577 million tons against 4.489 million tons despatched during the same month of last fiscal year.

Published 06 Mar, 2021 11:20am

Business & Finance

Pakistan to chair CTD of the World Trade Organisation for 2021

“Under Pakistan’s leadership, the CTD would strive to work for expansion of trade & investment opportunities for Developing Countries,” Dawood added.

Published 05 Mar, 2021 03:45pm

Technology

WhatsApp introduces Private & Secure calling from Desktop

Answering on a bigger screen makes it easier to work with colleagues, see your family more clearly on a bigger canvas, or free up your hands to move around a room while talking.

Published 05 Mar, 2021 03:26pm

Business & Finance

PM directs economic team to resolve flying invoices issue

The Prime Minister said that the issues with the taxation system should be resolved whereas the tax code should be further simplified to facilitate business persons.

Updated 05 Mar, 2021 04:43pm

Business & Finance

Dairy farmers & wholesalers raise Milk rates further

From March 1, the price of milk has been increased by Rs 10 per liter, yoghurt is being sold at Rs 200 per liter, the new rate has been applied to all major shops in the city.

Published 05 Mar, 2021 12:31pm

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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