News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Major boost to Pakistan’s citrus exports, Sri Lanka takes back cess increase

The advisor informed that CESS has been reverted to Rs. 30/kg from Rs. 160/kg.

Published 18 Dec, 2020 04:01pm

Business & Finance

Pakistan’s credit profile indicates robust long-term GDP growth potential: Moody’s

The credit profile of Pakistan (issuer rating B3) reflects the country's "baa2" economic strength, which is underpinned by the robust long-term GDP growth potential and large scale of the economy.

Published 18 Dec, 2020 03:27pm

Business & Finance

PSX top performance proved a death blow to PDM narrative: Gill

Gill said that Prime Minister Imran Khan's vision not only defeated the ongoing COVID-19 pandemic but also provided employment to the poor with the opening of industries.

Published 18 Dec, 2020 02:40pm

Markets

PSX’s multi-million dollar system to commence operations from March

Back in November 2019, a contract was signed between then PSX Chairman Sulaiman S Mehdi and the Chief Executive Officer of Shenzhen Stock Exchange, Wang Jianjun to purchase the system.

Published 18 Dec, 2020 12:51pm

Business & Finance

BOI approves measures to facilitate investors in SEZs

“This will improve the transparency of allocation of plots in various SEZs by BOI,” said Dawood.

Published 18 Dec, 2020 12:37pm

Business & Finance

CAA gives Serene Air the green signal to commence international operations

CAA has directed the private airline to submit an international flight schedule.

Published 18 Dec, 2020 11:42am

Markets

Foreign Cos keen in manufacturing electric cars, mobile-phone in Pakistan

“VIVO [Chinese smartphone manufacturer] is purchasing land to establish a mobile manufacturing plant in Pakistan, whereas Samsung [South Korea technology giant] is actively drawing its feasibility but has yet to reach a conclusion, but we are optimistic,” said Azhar.

Published 18 Dec, 2020 10:58am

Business & Finance

Over 900,000 Pakistanis sent abroad for employment opportunities

MOUs with Spain, South Africa, Syria, Ecuador, Ukraine, Botswana and Azerbaijan are in the pipeline.

Published 18 Dec, 2020 10:19am

Business & Finance

President, CEO PTCL & Ufone Rashid Khan passes away

“With immense sorrow we must announce that Rashid Khan, President and CEO, PTCL & Ufone, has passed away this morning. His vision & extraordinary leadership positioned him as one of the pioneers of Pakistan's telecom industry,” stated Ufone in a statement.

Published 17 Dec, 2020 04:07pm

Business & Finance

Pakistan repays another $1bn to KSA

It should be noted that Pakistan has returned the money to Saudi Arabia with the help of China, the Ministry of Finance, and the State Bank have refrained from commenting.

Updated 17 Dec, 2020 07:20pm

Business & Finance

Pakistan, Russia to initiate LNG pipeline construction from 2021

At present, Pakistan has two LNG terminals, which are operating at full capacity to cater to higher demand during winters.

Updated 17 Dec, 2020 04:33pm

Business & Finance

FBR to launch online module in Iris to promote Green Field Industry

FBR said that faceless compliance and facilitation through the use of ICT tools is a priority agenda of organizations under the vision of the present government.

Published 17 Dec, 2020 01:44pm

Business & Finance

Crypocurrency Ban Case: SHC issues show-cause notice to Deputy Director FIA Cyber Crime

The court expressed frustration with the FIA and Assistant Attorney General Gulfraz Khattak for not submitting a reply.

Published 17 Dec, 2020 12:54pm

Business & Finance

US says it provided $128mn in debt relief to Pakistan in 2020

"Through efforts like this, the U.S. and Pakistan are working together to redirect critical resources to the COVID19 pandemic response,” stated the US Embassy Islamabad

Published 17 Dec, 2020 12:16pm

Business & Finance

Pakistan, WB sign $304mn loan agreement for PRIDE

The program aims to help the Government of Punjab to increase its own source revenue; and to improve reliability of resource allocation and access to digital services for people and firms in the Province.

Published 17 Dec, 2020 11:49am

Business & Finance

Pakistan Tobacco Company to establish BPO hub, will generate thousands of jobs

Razak said that the upcoming BPO hub has the potential to create over 3000 jobs over the next five years.

Published 17 Dec, 2020 11:16am

Markets

China’s Stock Exchanges leads Global IPO Funding in 2020

The New York Stock Exchange is expected to be in fourth spot with $32.2bn raised in IPO listings in 2020, followed by Shenzhen Stock Exchange with $18.5bn raised in IPO listings in 2020.

Published 17 Dec, 2020 10:44am

Business & Finance

Pakistan invites China’s online retail giant to develop Cross-Border e-commerce

“It's a good time to develop cross-border e-commerce in Pakistan,” said Ambassador Haque.

Published 16 Dec, 2020 03:11pm

Business & Finance

Canada softens overall travel advisory for Pakistan

“I wish to thank the Canadian High Commission for its support in this regard,” he added.

Updated 16 Dec, 2020 03:29pm

Technology

Driven by COVID-19 led digitalization, Online Retail to double size in five years: EIU

In 2021 EIU expects further growth of 18% in online sales, and by 2025 they are likely to account for nearly 20% of total retail sales, up from 10% in 2019.

Published 16 Dec, 2020 12:59pm

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
Crude Oil USD/Barrel / Nov 27	69.12
Gold Spot USD/Ounce / Nov 27	2,647.32
Cotton US¢/pound / Nov 27	71.71
Petrol/Litre / Nov 28	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 28 786 Investments Limited(786)	6.48 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 28 Al-Abbas Sugar Mills Limited(AABS)	610.84 ▼ 0.00 (0.00%)
Agro Allianz / Nov 28 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 28 Ali Asghar Textile Mills Limited(AATM)	68.52 ▼ 0.00 (0.00%)
Allied Bank / Nov 28 Allied Bank Limited(ABL)	125.50 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 28 Abbott Laboratories (Pakistan) Limited(ABOT)	917.87 ▼ 0.00 (0.00%)
Abson Ind. / Nov 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 28 Alfalah Consumer Index ETF.(ACIETF)	11.82 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 28 786 Investments Limited(786)	6.48 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 28 Al-Abbas Sugar Mills Limited(AABS)	610.84 ▲ 0.00 (0.00%)
Agro Allianz / Nov 28 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 28 Ali Asghar Textile Mills Limited(AATM)	68.52 ▲ 0.00 (0.00%)
Allied Bank / Nov 28 Allied Bank Limited(ABL)	125.50 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 28 Abbott Laboratories (Pakistan) Limited(ABOT)	917.87 ▲ 0.00 (0.00%)
Abson Ind. / Nov 28 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 28 Alfalah Consumer Index ETF.(ACIETF)	11.82 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 28 K-Electric Limited(KEL)	101,636,133 ▲ 0.00
B.O.Punjab / Nov 28 The Bank of Punjab(BOP)	92,023,190 ▲ 0.00
Hascol Petrol / Nov 28 Hascol Petroleum Limited(HASCOL)	73,320,431 ▲ 0.00
Fauji Foods Ltd / Nov 28 Fauji Foods Limited(FFL)	54,116,789 ▲ 0.00
Sui South Gas / Nov 28 Sui Southern Gas Company Limited(SSGC)	54,088,119 ▲ 0.00
Treet Battery / Nov 28 Treet Battery Limited(TBL)	49,797,748 ▲ 0.00
Pace (Pak) Ltd. / Nov 28 Pace (Pakistan) Limited(PACE)	47,465,434 ▲ 0.00
WorldCall Telecom / Nov 28 Worldcall Telecom Limited(WTL)	44,206,223 ▲ 0.00
Cnergyico PK / Nov 28 Cnergyico PK Limited(CNERGY)	34,058,498 ▲ 0.00

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