News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

PIA to bolster flights to KSA amid Umrah resumption

The development comes after Pakistan announced it will accept applications for Umrah from the nationals from November 1 under the new regulations, in wake of the Saudi government's announcement to start Umrah pilgrimage for international pilgrims.

Published 28 Oct, 2020 01:09pm

Markets

Despite sales drop, PPL profitability remains in line

The company’s sales revenue decreased by Rs 2.533 billion during the current period i.e. Rs 39.226bn as compared to the corresponding period i.e. Rs 41.751bn.

Published 28 Oct, 2020 12:27pm

Business & Finance

K-Electric urges shareholders to approve Rs 275mn investment in KEVCL

The creation of KEVCL is part of the diversification strategy of the Company to get into allied businesses and create new revenue streams for KE. KEVCL will be a subsidiary of KE and is intended to be the holding company for all such investments to be made by KE.

Published 28 Oct, 2020 11:13am

Markets

Pakistan, Afghanistan ink Customs Mutual Assistance Agreement

The agreement will ensure reduced clearance time as well as optimum trade facilitation for import, export, and transit cargo between the two countries. It will also ensure reduced risk of evasion of duties and taxes and effective control over smuggling.

Published 28 Oct, 2020 10:32am

Business & Finance

Shanghai Electric transaction at mercy of KE’s markup issue

Ghaziani pointed out that similarly, in case of NTDC/CPPA and KE, the payables should be netted directly against the receivables of Tariff Differential Claim which has crossed Rs 200bn principal amount receivable from the government.

Updated 27 Oct, 2020 08:35pm

Business & Finance

Dawood urges Pakistani exporters to remain vigilant amid second wave of COVID

The advisor said that as the world returning to lockdowns, amid the resurgence of COVID-19 cases, the demand for Pakistan’s exports may also be affected.

Published 27 Oct, 2020 01:02pm

Business & Finance

Despite sales decline, Attock Petroleum Limited PAT rise by 21pc

The company’s PAT increase by 21pc over the same period last year, as compared to Rs 1,225 million recorded in 2019. The results translate into earnings per share of Rs 14.92 as compared to EPS of Rs 12.31 in the same period last year.

Updated 29 Oct, 2020 06:43pm

Business & Finance

Gul Ahmed profits rise over 100pc in 1st Quarter

The rise in profits comes at the back of a pickup in demand and an increase in the number of export orders as the company saw its revenue rise to Rs 20.32 billion in the first quarter as compared to Rs 14.93 billion recorded in the same period last year, showing a YoY increase of 36pc.

Published 27 Oct, 2020 11:57am

Business & Finance

Europe's EGV to manufacture electric buses in Pakistan

He said that over the next three years up to $4 billion would be allocated for the EV industry.

Updated 27 Oct, 2020 11:18am

Business & Finance

Orange Line completion a major outcome of the CPEC, says China

The spokesperson added that China will continue working with Pakistan to advance the building of the CPEC and forge it into a quality demonstration project of the Belt and Road Initiative.

Published 27 Oct, 2020 10:29am

Markets

Economic sentiment in Pakistan turning positive, says Azhar

The minister further said that tax revenues are also rising, whereas the Current Account is in surplus.

Published 26 Oct, 2020 04:14pm

Technology

Pakistan eyes to introduce 5G technology by late 2021

The federal minister further said that a trial of 5G service would also be conducted in a hospital in Islamabad in collaboration with telecom company Zong.

Published 26 Oct, 2020 01:16pm

Technology

Sehat Kahani introduces Tele-ICU Technology across Pakistan

Sehat Kahani has launched the first of its kind Tele-ICU project which will enable Critical Care specialists to provide virtual advice in Public and Private ICUs across Pakistan.

Published 26 Oct, 2020 12:44pm

Business & Finance

Countries call for French products boycott after Macron's anti-Islamic rhetoric

As per reports, trade associations in several Arab countries have announced a boycott of French products in protest of Macron's anti-Islamic remarks.

Updated 26 Oct, 2020 01:52pm

Business & Finance

FATF Plenary: Pakistan’s legal efforts hailed as ‘role model’ for others, says Azhar

The Paris-based money laundering and terror financing watchdog, while noting Pakistan had fulfilled 21 of the 27 conditions required, gave the country until Feb 2021 to complete the remaining conditions while retaining Pakistan on its grey list.

Updated 27 Oct, 2020 02:50pm

Business & Finance

Pakistan’s Netflix version to be launched in six months

Chaudhry was of the view that the OTT has a lot of scope in Pakistan due to a huge number of smartphone users.

Published 26 Oct, 2020 10:57am

Business & Finance

After China’s Skywell, German co to setup electric bus manufacturing unit in Pakistan

Meanwhile, the minister was of the view that the country needs to increase its exports, in order to achieve economic growth and for that one needs to focus on adopting the technology.

Updated 24 Oct, 2020 04:21pm

Business & Finance

Pakistan saves $129mn as import substitute, after improved agri produce

The Ministry of National Food Security & Research (NFSR) has informed that during the year Pakistan has produced 76,000 tons and 53,000 tons more of moong and gram respectively, as compared to last year.

Published 24 Oct, 2020 02:00pm

Markets

US dollar hits 5-month low against Pakistani Rupee

During this period, the value of US currency in the interbank market has decreased by Rs. 2.50.

Published 24 Oct, 2020 12:43pm

Technology

Internet body urges govt to reconsider its approach regarding social media rules

The AIC is an industry association of leading internet and technology companies including Airbnb, Amazon. Apple, Cloudflare, Expedia Group, Facebook, Google, SAP, Grab, LinkedIn, LINE, Rakuten, Twitter, Yahoo (Verizon Media), and Booking.com.

Published 24 Oct, 2020 11:44am

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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