News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Utility Stores Corporation stop purchasing sugar from local sugar mills

Due to the crushing of sugarcane in Sindh, the ex-mill price of sugar has come down from Rs 99 to Rs 82 per kg in a month after the arrival of new sugar.

Published 27 Nov, 2020 02:53pm

Business & Finance

OGDCL discovers Hydrocarbon reserves in Balochistan

The discovery of Lakhirud X-1 has opened a new avenue and would add to the hydrocarbon reserve base of OGDCL, added the company.

Published 27 Nov, 2020 02:21pm

Business & Finance

Alvi calls for establishment of a trade triangle among Pakistan, China & ASEAN

The President said despite the challenge of the Coronavirus pandemic, Pakistan's economy strengthened and its online businesses grew due to the implementation of far-reaching economic reforms.

Published 27 Nov, 2020 12:24pm

Business & Finance

Pakistan permits pharma co to purchase rapid Coronavirus testing kits

As per the report, the rapid test is likely to cost about Rs2,000 and deliver the result in 20 minutes.

Published 27 Nov, 2020 11:43am

Business & Finance

Razak Dawod urges exporters to send proposal for Pak-Afghan PTA

“I request all exporters to send their proposals to MOC at the earliest. Bilateral trade with Afghanistan has to be placed on a sustainable growth path,” he added.

Published 26 Nov, 2020 03:57pm

Business & Finance

TPL Insurance Becomes Pakistan’s First Insurance Member of UNEP FI

The UNEP FI is a strategic partnership between the UN Environment Program and the global financial sector to advance sustainable finance.

Published 26 Nov, 2020 02:19pm

Technology

China terms India’s latest app ban as ‘glaring violation of market principles’

"These moves in glaring violation of market principles and WTO rules severely harm the legitimate rights and interests of Chinese companies. China firmly rejects them,” said Foreign Ministry Spokesperson Zhao Lijian in a presser.

Published 26 Nov, 2020 01:11pm

Markets

Over $100mn deposited in Roshan Digital Accounts, $50mn invested in NPCs

The senator further informed that over 44,000 accounts have been opened by “our great Overseas Pakistanis.”

Published 26 Nov, 2020 12:15pm

Business & Finance

International transit activity initiates at Gwadar Port

FBR has already notified International Transshipment Rules vide SRO 218(I)/2020 dated 10.03.2020.

Published 26 Nov, 2020 11:38am

Business & Finance

CAA issues new guidelines for foreign travelers amid second COVID-19 wave

The new Civil Aviation Authority Advisory will remain in effect until December 31, 2020.

Published 26 Nov, 2020 11:17am

Business & Finance

BankIslami chief calls for Collective Efforts to Mitigate Covid-19’s Impact

He went on to say that the asset base of the Islamic banking industry during the July 2019 to June 2020 period grew by 21 percent.

Published 25 Nov, 2020 04:38pm

Technology

India bans dozens of Chinese apps including AliExpress, terming them security threat

India has once again targeted China with web restrictions and has banned 43 applications, including Alibaba Group's application AliExpress, which is being termed as a reaction to the ongoing tension on the Himalayan border.

Published 25 Nov, 2020 02:36pm

Business & Finance

Pakistan economy gathering steam, but vulnerability persists, says SAPM

He said that it remains to be decided whether the IMF review mission would visit Pakistan or conduct a virtual review.

Published 25 Nov, 2020 01:12pm

Business & Finance

CPEC a 'win-win' for both Pakistan, China: Faraz

Faraz said that the promotion of CPEC is in the best interest of Pakistan as it is a Win-Win situation for both countries.

Updated 25 Nov, 2020 02:14pm

Business & Finance

Pakistan sees 'light at the end of the tunnel’ as domestic activity indicators pickup: Baqir

The Governor said that the committee kept unchanged its projection for growth this fiscal year at about 2 percent.

Published 25 Nov, 2020 11:26am

Business & Finance

PM vows to provide full support to textile industry amid historic demand

“The textile sector is one of a number of positive developments in our economy despite COVID 19,” he said.

Published 25 Nov, 2020 10:23am

Business & Finance

Power consumers to reap relief of Rs 300bn owing to govt reforms: Umar

The Federal Minister said that if the electricity rate was raised by Rs 12 per unit as soon as the present government came into power, the circular debt issue would have ended.

Published 24 Nov, 2020 04:26pm

Business & Finance

Traders refuse to follow, urge govt to reconsider new SOPs

The business leaders said that the country's economy, especially the small business sector, could not afford such measures, adding that in the reduced timing, the market would be in a rush, which would increase Coronavirus.

Published 24 Nov, 2020 02:25pm

Technology

Pakistan eyes to enter $90bn gaming industry with upcoming program

The minister in a tweet on Tuesday said that the upcoming program terming it a ‘game-changer’ that would allow Pakistan to penetrate into the $90 billion gaming industry.

Published 24 Nov, 2020 01:02pm

Business & Finance

Tesla’s Elon Musk overtakes Bill Gates as world’s second richest person

The rise of Elon Musk wealth majorly comes from his electric vehicle manufacturing giant Tesla, whose market value is approaching $500bn.

Published 24 Nov, 2020 12:02pm

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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