News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

G20 to discuss debt suspension, economic recovery plan in virtual meet up

The ministers will also discuss updates to the G20 action plan for supporting the global economy during the coronavirus pandemic.

Published 13 Oct, 2020 03:22pm

Business & Finance

Pakistan restarts issuance of visas for Afghan nationals

The development comes after the process was suspended earlier this year due to the COVID-19 pandemic.

Published 13 Oct, 2020 02:56pm

Business & Finance

Who can apply for SBP’s Markup Subsidy Program for Housing Finance?

This facility will allow all individuals, who will be constructing or buying a new house for the first time, to avail the bank’s financing at subsidized and affordable markup rates.

Published 13 Oct, 2020 01:34pm

Business & Finance

British Airways first flight lands in Lahore from London

The British carrier announced that it will begin direct flights from Lahore to London Heathrow four days a week.

Updated 13 Oct, 2020 12:54pm

Business & Finance

Pakistan’s total debt increase by Rs 3,419bn, reveals SBP

As per the statistics, Pakistan's total debt has increased by Rs 3,419 billion in the last one year while Pakistan's domestic debt has reached Rs 24,100 billion.

Published 13 Oct, 2020 11:12am

Business & Finance

IMF urges govt to increase taxes, energy tariffs

It is pertinent to mention that the global financial organization has not released any installments since December 2, 2019.

Published 13 Oct, 2020 10:40am

Pakistan, ITFC sign $386mn agreement for oil, LNG import

The facility will be utilized by Pakistan State Oil Company Limited (PSO), Pakistan Arab Refinery Limited, and Pakistan LNG Limited.

Published 12 Oct, 2020 03:57pm

Business & Finance

KSA, UAE remain Pakistan’s top remittance destinations

Saudi Arabia was the leading country for Pakistani workers, who remitted $665.82 million in September 2020 as compared to $515.75mn remitted in the same period last year showing an increase of over 29 percent.

Updated 12 Oct, 2020 05:53pm

Business & Finance

Govt to spend Rs18bn to address urbanization challenges

Pakistan has the highest rate of urbanization in South Asia, and as per the Population Census of 2017; urbanization had increased from 32.52 percent to 36.38 percent from 1998 to 2017.

Published 12 Oct, 2020 12:55pm

Business & Finance

Curbing food inflation: Govt decides to import tomatoes, onions

The government has decided to import tomatoes and onions from Iran due to high prices of tomatoes and onions in the country.

Published 12 Oct, 2020 12:23pm

Business & Finance

Amid rise in COVID cases, PIA issues further SOPs

As per details, spokesperson PIA orders have been issued to all concerned departments and officers to strictly implement the new SOPs.

Published 12 Oct, 2020 11:12am

Markets

SBP answers FAQs on foreign currency accounts operation

State Bank mentioned that it has been supporting the freelancer Community and IT exporters over the past many years, with a view to promote their business and especially exports.

Published 12 Oct, 2020 11:01am

Business & Finance

Pakistan’s remittances continue strong trend, remain over $2bn in Sept

They increased to $2.3 billion, 31.2 percent higher than the same month last year and 9 percent higher than in August.

Updated 12 Oct, 2020 12:30pm

Markets

Finance Ministry issues rules for Foreign Currency Account

According to the Ministry of Finance, the proceeds of securities issued to non-residents will not be able to enter the foreign currency account.

Updated 10 Oct, 2020 09:00pm

PM Khan vows to use all resources to bring down food inflation

“From next week we will have our strategy in place & action will begin using all state organisations & resources to bring down food prices,” he added.

Updated 10 Oct, 2020 09:13pm

Business & Finance

350 MMCF gas to be supplied to SSGC system in winter

Omar Ayub said that with the discovery of new reserves, local gas reserves are expected to increase in the next five years.

Published 10 Oct, 2020 01:28pm

Business & Finance

Pakistan Customs confiscate ICE worth millions

The authorities foiled an attempt to smuggle ICE/Crystal Meth out of Pakistan and seized 8.8 kg of ICE, and 5.040 kg of Brown Sugar valued Rs. 50 million.

Published 10 Oct, 2020 12:03pm

Technology

TikTok says working to restore after Pakistan ban

The app is hugely popular among the Pakistani youth, with some users building up millions of followers has been a target of several complaints calling for its ban in Pakistan.

Published 10 Oct, 2020 11:31am

Business & Finance

Despite imports, flour rates in Karachi continues to rise

In Hyderabad, the second largest city in Sindh, a 20 kg bag of flour is being sold at Rs 1,360, in Sukkur at Rs 1,300 and in Larkana at Rs 1,280.

Published 10 Oct, 2020 10:57am

Business & Finance

How much tax is deducted on Mobile phone top ups? PTA Finally Clarifies

The regulator was of the view that due to lack of clarity on the deduction of GST in addition to WHT, mobile subscribers are assuming that CMOs are charging well above applicable taxes, which is not correct.

Updated 10 Oct, 2020 03:17pm

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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