News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Pakistan reversing deindustrialization tide amid strong LSM growth: Azhar

"Capacity enhancements, new investments and modernisations are already in play,” he added.

Published 13 Jan, 2021 10:13am

Business & Finance

Pakistani startups likely to see largest growth of funding in 2021: Report

The report predicted that in 2021, Pakistan is likely to see the largest growth rate of total funding as it continues its strong growth trajectory.

Published 12 Jan, 2021 02:21pm

Business & Finance

IHIG Pakistan aims to launch IPO in 2022

International Hospitality Investment Group is Pakistan's first vacation ownership company headquartered in London.
"An IPO will only add more credibility and transparency that will allow the concept to grow faster,” said IHIG Pakistan CEO.

Published 12 Jan, 2021 12:20pm

Business & Finance

Here are the Features of Pakistan's first “Instant Digital Payment System Raast”

The system introduced by the State Bank of Pakistan (SBP) along with Karandaaz Pakistan has developed a new system for processing instant payments, which will address payment system infrastructure-related issues.

Updated 12 Jan, 2021 01:01pm

Technology

WhatsApp Head clarifies new privacy policy amid strong criticism

Cathcart in a message shared on the social networking site Twitter stated that WhatsApp's new policy will not affect users, nor will their data be shared with anyone.

Published 12 Jan, 2021 10:31am

Business & Finance

FBR decides to take action against illegal petrol pumps

The FBR has decided to crack down on the instructions of Prime Minister Imran Khan.

Published 12 Jan, 2021 10:09am

Business & Finance

FBR stresses traders and taxpayers to opt for electronic tax payment

Traders and other taxpayers will benefit from this facility of paying taxes and duties electronically during the COVID- 19 pandemic, stated FBR.

Published 11 Jan, 2021 04:00pm

Business & Finance

PM launches Pakistan's first instant Digital Payment System 'Raast'

Use of cash promotes informal economy and helps illegal activities, on the other hand by using the Raast one is doing the right thing by transacting using formal digital Financial Service and contributing to Pakistan's economy.
SBP along with Karandaaz Pakistan has developed this new system for processing instant payments.
The Prime Minister in his address said a cash-based economy is the biggest hurdle in tapping the true potential of Pakistan.

Updated 11 Jan, 2021 06:17pm

Business & Finance

NEPRA hikes up electricity rates by Rs 1.06 per unit

The adjustments increases of Rs.0.2925/kWh and Rs.0.7696/kWh for the months of October 2020 and November 2020 respectively will be applicable to all the consumer categories except lifeline consumers of all the XWDISCOs, stated NEPRA.

Published 11 Jan, 2021 01:20pm

Business & Finance

Ghandhara not planning to Introduce ISUZU MUX in Pakistan

“The media reports are baseless and have no legal standing,” it added.

Published 11 Jan, 2021 12:43pm

Business & Finance

Byco rejects WhatsApp Groups information regarding production from two units

Byco Petroleum stated that it ‘strongly denies’ the accuracy of the information stated in above mentioned WhatsApp circulation, clarifying that it does not reflect the factual position on the matter.

Published 11 Jan, 2021 11:52am

Business & Finance

Circular Debt increase by Rs 538bn in 2019-20: Power Ministry

The spokesperson informed that the combined impact of these relief measures lead to an unplanned increase in circular debt flow of approx Rs 320 billion.

Published 11 Jan, 2021 11:28am

CNG stations to remain close for 3 days across Sindh

According to a statement issued by the company, pumps running on LNG and local gas will also remain closed.

Published 11 Jan, 2021 10:54am

Technology

WhatsApp Privacy Policy: Pakistan mulling to bring ‘strong’ data protection law

Opining on the privacy policy issues, the minister said that instead of a unilateral approach such policy changes should have been made after wider consultation.

Published 11 Jan, 2021 10:26am

Business & Finance

For the First Time, Pakistan’s exports to UK crosses $1bn mark

For Jul-Dec 2020, the exports to UK grew by 21 percent to USD 1,029 million as compared to USD 852 million in Jul-Dec 2019.

Published 09 Jan, 2021 04:47pm

Business & Finance

SECP reforms lead to improvement in WB Ease of Doing Business Index

This improvement is primarily due to integration of SECP eServices with the Federal Board of Revenue (FBR) and the Employees Old Age Benefits Institution (EOBI) at the Federal level and with Business Registration portals of Punjab and Sindh at the Provincial level, stated SECP report.

Published 09 Jan, 2021 02:32pm

Business & Finance

SBP to launch world class ‘Raast’ payment system next week: Kamil

“From Monday onwards, the central bank will initiate a new payment system called ‘Rast’, as we believe this a right way forward for the country,” said Kamil.
Kamil informed that the upcoming payment system has been implemented in advanced countries i.e. UK and Australia.

Updated 11 Jan, 2021 03:29pm

Technology

Revolutionary changes await with arrival of next generation Wi-Fi

Experts have described the change as switching from a two-lane to eight-lane road that will change TVs, phones, routers, smartphones and other items, revolutionizing both the quality and quantity of Wi-Fi.

Published 09 Jan, 2021 12:00pm

Business & Finance

All COVID-19 vaccines to be available ‘free of cost’, says Fawad Chaudhry

"All Government-sponsored vaccination will be free of cost," Science and Technology Minister Fawad Chaudhry said in a series of tweets.

Published 09 Jan, 2021 10:52am

Business & Finance

FBR constitutes committee to simplify Income Tax Return forms

The committee aims at simplifying the income tax return forms to the best possible extent besides developing the return forms that require least possible interventions on year to year basis.

Published 09 Jan, 2021 10:20am

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
Dow Jones / Nov 26	44,860.31
India Sensex / Nov 27	80,416.35
Tokyo Nikkei / Nov 27	38,134.97
Hang Seng / Nov 27	19,595.16
FTSE 100 / Nov 27	8,261.85
Germany DAX 30 / Nov 27	19,236.54

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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