News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Pakistan cement manufacturer installs 7.5MW WHRPP to save costs

The company on Monday announced that it has successfully completed the installation and commissioning of a 7.5-megawatt Waste Heat Recovery Power Plant (WHRPP) at its site in Mangowal, district Khushab.

Published 15 Feb, 2021 12:03pm

Business & Finance

Improvement in EODB rankings boost cos registration in Pakistan, says Dawood

“When compared to 2018, companies registration increased by 54pc in 2020. In January 2021, a total of 2,201 companies were registered with SECP which is up by 12pc as compared to the previous month,” he said.

Published 15 Feb, 2021 11:00am

Business & Finance

Pakistan's Sputnik-V vaccine distributor denies agreement with diagnostic centre

“It is hereby clarified that AGP Limited, so far has not entered into a supply agreement with any hospital or Diagnostic Centre (including the Diagnostic Centre in question) for the supply of Sputnik-V vaccine either directly or indirectly in Pakistan,” said the company.

Updated 15 Feb, 2021 01:03pm

Business & Finance

Pakistan’s Workers Remittances exceeded $2bn in Jan 2021

The growth in remittances recorded an increase of 19 percent over January 2020. However, remittances remained slightly lower from December 2020 level of $2.4 billion.

Updated 16 Feb, 2021 09:40am

Business & Finance

FBR aims to generate billions in tax revenue with VAS installation

FBR issued evaluation criteria for selection of one vendor to install the video-analytics solution across all manufacturers of sugar in Pakistan.

Published 13 Feb, 2021 04:18pm

Business & Finance

Despite shortfall, Pakistan not to import duty-free cotton from India

The country was currently facing one million bales shortfall due to low production that year, he said.

Published 13 Feb, 2021 03:17pm

Business & Finance

Pakistan’s Indus Delta Region boost huge Oil& Gas reserves says Naval Chief

“Third survey is expected this year, which is likely to pave the way for drilling and subsequent extraction of the hydrocarbons,” he said

Published 13 Feb, 2021 01:43pm

Business & Finance

Mercantile Stock Exchange trading platform to become operational soon

The advisor informed that the platform will open up new export opportunities for commodities via online selling globally by providing complete services including logistics as Global Commodities Trading Platform.

Published 13 Feb, 2021 11:40am

Business & Finance

Packages Limited mulls to grab further stake of Tri-Pack

“As per JV agreement between the parties, the company has first right of refusal to purchase the entire shareholding of Mitsubishi Corporation,” stated Packages Limited.

Published 13 Feb, 2021 10:45am

Business & Finance

Pakistan’s eCommerce market witness double-digit growth: SBP

NIFT informed the meeting that it is in the process of developing a payment solution for cross border/international payments in collaboration with the SBP.

Published 12 Feb, 2021 03:36pm

Business & Finance

Porsche Pakistan says parent company attempting to 'bankrupt and discredit' it

Meanwhile, Porsche Pakistan stated that “Porsche AG has illegally, in our views, for over two years refuse to supply vehicles to Pakistani customers.”

Published 12 Feb, 2021 02:33pm

Business & Finance

ADB to assist Ministry of Commerce in E-Commerce Policy implementation

It was also noted that the new State Bank of Pakistan (SBP) policy will encourage brand acquisition & export of high-value products, informed Dawood.

Published 12 Feb, 2021 12:36pm

Business & Finance

PTA advises public against telecom equipment purchase without valid permission

PTA said that such devices pose risk to health, security and degrade quality of service.

Updated 12 Feb, 2021 11:50pm

Technology

Pakistani Tech Startup VINNCORP secures six figure initial investment

VINNCORP, established in November 2017 by two former batch mates of FAST Karachi, with a background experience in leading companies like Microsoft HQ, Salesforce HQ, VMware and Oracle

Published 12 Feb, 2021 10:59am

Technology

PTCL conducts successful 5G Trials

“PTCL Group is redefining reality with the successful 5G trial in a limited environment, aimed towards transforming the way we live, work and play,” stated the telecom.

Published 11 Feb, 2021 02:01pm

Business & Finance

Why do you have to pay Rs 2.50 for an ATM receipt?

“This initiative is part of a ‘Go-Green’ exercise to reduce litter and lower the cost of printed proceeds which are usually discarded immediately. In addition, sensitive customer information is left for others to peruse,” stated 1Link.

Published 11 Feb, 2021 01:02pm

Business & Finance

NEPRA approves another hike in electricity rates

As per details, NEPRA has approved an increase of Rs 0.83 per unit in electricity prices, but the increase will take effect after a notification is issued by the government.

Published 11 Feb, 2021 11:38am

Business & Finance

State Bank revised policy to boost Pakistani exporters presence abroad: PBC

“Under the revised policy exporters may invest up to 10% of average annual exports of last 3 years or $100,000, whichever is higher, to establish subsidiaries/branch offices abroad,” it added.

Published 11 Feb, 2021 11:04am

Business & Finance

Expert projects PSX earnings growth of around 20-25pc in FY21

“It is also providing very good opportunities for the issuance of the companies to raise capital from the capital markets,” added Habib.

Published 11 Feb, 2021 10:34am

Technology

Telenor to provide High Speed Mobile Broadband services in KP

Meanwhile, CEO USF, Haaris Mahmood Chaudhary said: “This project will benefit an unserved population of 0.7 Million in 648 unserved mauzas, thereby covering an unserved area of 18,212 sq. km. of Chitral, Upper Dir and Lower Dir districts.”

Published 10 Feb, 2021 03:31pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 28	279.70
USD PKR Interbank Buying / Feb 28	279.50
USD to Japanese Yen / Feb 28	150.63
USD to Swiss Franc / Feb 28	0.90
Pound Sterling to USD / Feb 28	1.26
Euro to USD / Feb 28	1.10
UK LIBOR % / Feb 28	4.96

Stock	Volume
S&P 500 / Feb 28	5,954.50
India Sensex / Feb 28	73,198.10
Tokyo Nikkei / Feb 28	37,155.50
Nasdaq / Feb 28	18,847.28
Hang Seng / Feb 28	22,941.32
FTSE 100 / Feb 28	8,809.74
Dow Jones / Feb 28	43,840.91
Germany DAX 30 / Feb 28	22,551.43
France CAC40 / Feb 28	8,111.63

Item	Value
Crude Oil USD/Barrel / Feb 28	69.76
Karachi Cotton PKR/37.32 KG / Feb 28	17,785
Gold 10 Grams PKR / Feb 28	257,639
Gold Spot USD/Ounce / Feb 28	2,857.83
Cotton US¢/pound / Feb 28	65.25
Petrol/Litre / Mar 2	255.63
Diesel/Litre / Mar 2	258.64

Gainers
Losers
Leaders

Stock	Price
Beco Steel Ltd / Feb 28 Beco Steel Limited(BECO)	9.60 ▲ 1 (11.63%)
Merit Packaging / Feb 28 Merit Packaging Limited(MERIT)	10.59 ▲ 1 (10.43%)
Internationl Packaging Films / Feb 28 Internationl Packaging Films Limited(IPAK)	22.28 ▲ 2.03 (10.02%)
The Thal Ind.Corp. / Feb 28 The Thal Industries Corporation Limited(TICL)	424.64 ▲ 38.6 (10%)
S.S.Oil / Feb 28 S.S.Oil Mills Limited(SSOM)	88.33 ▲ 8.03 (10%)
Sanghar Sugar / Feb 28 Sanghar Sugar Mills Limited(SANSM)	49.60 ▲ 4.51 (10%)
Khyber Tobacco / Feb 28 Khyber Tobacco Company Limited(KHTC)	302.01 ▲ 27.46 (10%)
Fateh Sports / Feb 28 Fateh Sports Wear Limited(FSWL)	85.72 ▲ 7.79 (10%)
AGP Limited / Feb 28 AGP Limited(AGP)	189.72 ▲ 17.25 (10%)
Power Cem(Pref) / Feb 28 Power Cement (Pref)(POWERPS)	14.11 ▲ 1.28 (9.98%)

Stock	Price
First Elite Cap.Mod / Feb 28 First Elite Capital Modaraba(FECM)	7.40 ▼ -0.97 (-11.59%)
Kohinoor Energy / Feb 28 Kohinoor Energy Limited(KOHE)	22.59 ▼ -2.51 (-10%)
Dadex Eternit / Feb 28 Dadex Eternit Limited(DADX)	73.05 ▼ -8.12 (-10%)
EMCO Industries / Feb 28 Emco Industries Limited(EMCO)	25.66 ▼ -2.85 (-10%)
Pak Datacom / Feb 28 Pak Datacom Limited(PAKD)	94.84 ▼ -10.53 (-9.99%)
At-Tahur Ltd. / Feb 28 At-Tahur Limited(PREMA)	29.56 ▼ -3.28 (-9.99%)
Trust Sec.& Brok. / Feb 28 Trust Securities & Brokerage Limited(TSBL)	11.58 ▼ -1.27 (-9.88%)
Data Agro / Feb 28 Data Agro Limited(DAAG)	88 ▼ -9.64 (-9.87%)
S.G.Power / Feb 28 S.G. Power Limited(SGPL)	9.12 ▼ -0.98 (-9.7%)
Dewan Textile / Feb 28 Dewan Textile Mills Limited(DWTM)	7.70 ▼ -0.76 (-8.98%)

Stock	Volume
Cnergyico PK / Feb 28 Cnergyico PK Limited(CNERGY)	71,837,021 ▼ -0.21
Pak Int.Bulk / Feb 28 Pakistan International Bulk Terminal(PIBTL)	51,942,475 ▲ 0.64
WorldCall Telecom / Feb 28 Worldcall Telecom Limited(WTL)	42,417,350 ▼ -0.04
National Bank / Feb 28 National Bank of Pakistan(NBP)	27,430,703 ▲ 3.96
GhaniGlobalGlass / Feb 28 Ghani Global Glass Limited(GGGL)	21,659,838 ▼ -0.15
At-Tahur Ltd. / Feb 28 At-Tahur Limited(PREMA)	17,624,004 ▼ -3.28
Maple Leaf Cement / Feb 28 Maple Leaf Cement Factory Limited(MLCF)	16,353,261 ▲ 2.21
Sui North Gas / Feb 28 Sui Northern Gas Pipelines Limited(SNGP)	15,824,842 ▲ 1.11
Sui South Gas / Feb 28 Sui Southern Gas Company Limited(SSGC)	14,522,331 ▼ -0.7
B.O.Punjab / Feb 28 The Bank of Punjab(BOP)	13,562,631 ▼ -0.09

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