News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Govt institutions incur over Rs1tn loss in two years, Senate told

The Ministry of Finance said in a written reply that during the two years, the loss to government institutions was more than Rs 1,014bn, in the financial year 2017-18 the loss was 563.28bn, in 2018/19 Rs 450.84bn of loss was incurred.

Published 16 Oct, 2020 03:41pm

Business & Finance

Tax evasion of millions identified as Authorities intensifies operations across Pakistan

The Manufacturing Unit was not registered with sales tax. After scrutiny of record, tax evasion of Rs30 million has been revealed.

Published 16 Oct, 2020 02:22pm

Business & Finance

Despite COVID, Govt projects 2pc economic growth this fiscal

Hammad said the economic indicators are positive with remittances witnessing 20 percent increase as compared to previous years.

Published 16 Oct, 2020 12:54pm

Business & Finance

Amid COVID-19 pandemic PIA suffers Rs 32bn loss

The Chief Executive Officer (CEO) of Pakistan National Airlines (PIA), Arshad Malik, told the cabinet in a briefing that the air operation was closed due to coronavirus pandemic due to which the Umrah and Hajj seasons could not take place.

Published 16 Oct, 2020 12:27pm

Markets

Roshan Digital Account: 21,000 remote accounts opened, $24mn received

Roshan Digital Account provides innovative banking solutions for millions of non-resident Pakistanis (NRPs) seeking to undertake fund transfers, bill payments, and investment activities in Pakistan.

Published 16 Oct, 2020 11:40am

Business & Finance

New guidelines issued for Pakistani passengers traveling to UAE

According to the guidelines issued by PIA, passengers arriving in the UAE must have at least 2,000 dirhams.

Published 16 Oct, 2020 11:17am

Markets

Pakistan’s forex reserves not depleting: Finance Division

The Finance Division in a statement termed the reports as completely fallacious and misleading on all three counts.

Published 16 Oct, 2020 10:46am

Business & Finance

All Pakistan Anjuman-e-Tajiran announce support to opposition movements

Secretary-general of the All Pakistan Anjuman-e-Tajiran, said that the rise in inflation was due to the negligence and poor planning of the government and the mafias were pushing the government.

Published 15 Oct, 2020 03:06pm

Business & Finance

Govt making concerted efforts to revive economy: Sheikh

He said that despite limited resources and the COVID-19 pandemic, the government has tried to provide maximum relief to the common man.

Published 15 Oct, 2020 02:06pm

Markets

Pak Africa Trade & Expo Centre setup in Johannesburg to boost Pakistan economy

After the launch of this trade center, Pakistan's foreign exchange reserves would add several billion dollars in exports, says Memon.

Published 15 Oct, 2020 12:55pm

Markets

PTCL appoints Mathew Wilsher as CEO

Mathew Wilsher has been appointed as Chief Executive with effect from 2020-12-01 (1st December) in place of Rashid Naseer Khan

Updated 15 Oct, 2020 12:12pm

Business & Finance

FATF greylist: Watchdog to decide Pakistan fate in meeting from Oct 21 to 23

Pakistan has tightened the laws on money laundering and financing of terrorism. Pakistan has largely complied with the demands of the FATF.

Updated 15 Oct, 2020 12:24pm

Business & Finance

CPEC: Govt gives nod to Gwadar International Airport

The mega project has been called a harbinger of development of Gwadar city and port, by China-Pakistan Economic Corridor (CPEC) Authority Chairman retired Lt Gen Asim Saleem Bajwa.

Published 14 Oct, 2020 04:52pm

Markets

Pakistan's First Paramount launches AML/CFT screening facility

The facility has been launched in partnership with FinScan, a global leader in providing technologies for combatting money laundering and financing of terrorism.

Published 14 Oct, 2020 04:24pm

Technology

How DIRBS eradicated Mobile Phone smuggling in Pakistan?

The customs official further informed that the introduction of DIRBS has resulted in a massive boost to revenue from merely Rs.14 billion in 2016 to Rs.48 billion in 2020 depicting a growth of 234 percent.

Published 14 Oct, 2020 01:24pm

Business & Finance

Bangladesh set to ‘overtake’ India, as COVID-19 batters economy: IMF

The Indian economy, severely hit by the coronavirus pandemic, is projected to contract by a massive 10.3 percent this year.

Updated 14 Oct, 2020 01:01pm

Business & Finance

FBR approves policy to appoint Legal Advisors and Advocates

The Policy also describes performance review, code of conduct and de-notification from the panel of FBR.

Published 14 Oct, 2020 11:34am

Technology

Despite cyberattacks threat, Pakistan got no IT policy

There is needed a national cybersecurity policy but also a strategy to deal with cyber threats effectively.

Published 14 Oct, 2020 11:07am

Business & Finance

Govt approves Export-Import Bank of Pakistan Bill

Objectives of the EXIM Bank is to support exporters with facilities such as export credit guarantees, financing for working capital and capital goods, project financing together with bid bonds, etc.

Published 14 Oct, 2020 10:44am

Business & Finance

G20 to extend debt freeze for poorest nations, still wrangling over next steps

Finance ministers and central bankers from China, the United States and other G20 countries mapped out their plans in a draft communique seen by Reuters on Tuesday, and are due to finalize the wording when they meet online early Wednesday.

Published 14 Oct, 2020 10:02am

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	151.50
USD to Swiss Franc / Nov 27	0.88
Pound Sterling to USD / Nov 27	1.27
Euro to USD / Nov 27	1.06

Stock	Volume
S&P 500 / Nov 27	5,998.74
India Sensex / Nov 27	80,234.08
Tokyo Nikkei / Nov 27	38,295.13
Nasdaq / Nov 27	19,060.48
Hang Seng / Nov 27	19,679.96
FTSE 100 / Nov 27	8,274.75
Dow Jones / Nov 27	44,722.06
Germany DAX 30 / Nov 27	19,261.75

Item	Value
Crude Oil USD/Barrel / Nov 27	68.65
Karachi Cotton PKR/37.32 KG / Nov 27	17,685
Gold 10 Grams PKR / Nov 27	236,540
Gold Spot USD/Ounce / Nov 27	2,627.35
Cotton US¢/pound / Nov 27	71.75
Petrol/Litre / Nov 28	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 28 786 Investments Limited(786)	6.54 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 28 Al-Abbas Sugar Mills Limited(AABS)	615 ▼ 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)	69.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 28 Allied Bank Limited(ABL)	132.35 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 28 Abbott Laboratories (Pakistan) Limited(ABOT)	992.51 ▼ 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)	12.20 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 28 786 Investments Limited(786)	6.54 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 28 Al-Abbas Sugar Mills Limited(AABS)	615 ▲ 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)	69.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 28 Allied Bank Limited(ABL)	132.35 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 28 Abbott Laboratories (Pakistan) Limited(ABOT)	992.51 ▲ 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)	12.20 ▲ 0.00 (0.00%)

Stock	Volume
B.O.Punjab / Nov 28 The Bank of Punjab(BOP)	114,966,225 ▲ 0.00
Hascol Petrol / Nov 28 Hascol Petroleum Limited(HASCOL)	106,286,630 ▲ 0.00
K-Electric Ltd. / Nov 28 K-Electric Limited(KEL)	91,200,956 ▲ 0.00
Fauji Foods Ltd / Nov 28 Fauji Foods Limited(FFL)	54,248,949 ▲ 0.00
Bank Makramah / Nov 28 Bank Makramah Limited(BML)	37,218,539 ▲ 0.00
Pace (Pak) Ltd. / Nov 28 Pace (Pakistan) Limited(PACE)	35,016,136 ▲ 0.00
Sui South Gas / Nov 28 Sui Southern Gas Company Limited(SSGC)	30,887,483 ▲ 0.00
Cnergyico PK / Nov 28 Cnergyico PK Limited(CNERGY)	29,932,157 ▲ 0.00
WorldCall Telecom / Nov 28 Worldcall Telecom Limited(WTL)	26,219,598 ▲ 0.00

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