News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Millions of tonnes of wheat on the brink of spoilage in Sindh

Not a single contract has been allotted in the last three months, due to which insects have started infesting the wheat.

Published 06 Oct, 2020 03:15pm

Markets

FFBL to raise Rs4.99bn to reduce debt levels

The company informed that the purpose of the Right Issue is to raise Rs 4.99 billion sum to reduce current debt levels, manage working capital, and to support subsidiaries.

Published 06 Oct, 2020 01:41pm

Business & Finance

PM chairs federal cabinet meeting reviews economic situation

Under the agenda of the meeting, the cabinet will discuss the country's economic situation, inflation, and other economic indicators will also come under discussion.

Published 06 Oct, 2020 01:00pm

Business & Finance

CAA issues SOPs for domestic passengers

The rules will remain applicable till December 31.

Published 06 Oct, 2020 11:35am

Business & Finance

KE to invest further Rs9.5bn for rain risk mitigation plan

The additional investment will be over and above budgeted investment of Rs24.4bn for the upgradation of infrastructure and advancement of protection in distribution network.

Published 06 Oct, 2020 10:47am

Business & Finance

New PEMRA circular aims to undermine the whole fields of 'marketing' and 'advertising' in Pakistan

Expressing concern over recent advertisements and public complaints, the regulatory authority in its circular dated October 5, 2020 has directed Pakistan Broadcaster Association (PBA), Pakistan Advertising Association (PAA) to give concern to the public concerns on any such theme/content of advertisement.

Updated 05 Oct, 2020 05:13pm

Business & Finance

PTA initiates cellular license renewal & Additional Spectrum Auction in AJK & Gilgit Baltistan

PTA intends to seek services of a Consultant/Consulting Firm (hereinafter referred to as "Consultant”), for Cellular License Renewal and Additional Spectrum Auction in Azad Jammu & Kashmir and Gilgit Baltistan.

Published 05 Oct, 2020 01:05pm

Business & Finance

Govt says Global Fund has not stopped funding in Pakistan

The ministry added that on the contrary the funding is likely to go up from USD 200 million to close to USD 300mn, informed the ministry spokesperson.

Published 05 Oct, 2020 12:28pm

Business & Finance

Dubious degree fiasco: Credentials of all employees being evaluated, says Sarwar

As per the global standards, there are 150 employees per aircraft including pilot and cabin crew members, whereas in Pakistan the number stands at 550 employees per aircraft, Sarwar informed.

Published 05 Oct, 2020 11:27am

Business & Finance

Jawad Zafar appointed PIA's COO

According to the PIA spokesperson, the post of Chief Operating Officer had become vacant after the resignation of Ijaz Mazhar, after which Air Commodo Jawad Zafar has been appointed.

Published 05 Oct, 2020 10:37am

Business & Finance

FBR upgrades to FASTER PLUS system to facilitate exporters refunds

Salient feature of these checks is that if any refund claimant files his refund claim with errors, the system would guide it in easy non-technical language.
Parameters have been updated to categorize ex-zero-rated sectors so that refunds claims are properly channeled through FASTER Module.

Published 03 Oct, 2020 03:46pm

Business & Finance

KSA Civil Aviation issues new rules for Pakistani and other international travelers

Furthermore, travelers must adhere to the preventive health procedures that impose home quarantine for those arriving from outside the Kingdom (for Saudis and non-Saudis), as per the period determined by the Health Ministry

Published 03 Oct, 2020 02:42pm

Business & Finance

Foreign investors withdraw over USD160mn from stock and bonds

During the first three months of the current financial year 21-2020, there was a general trend of selling bonds and shares by foreign investors.

Published 03 Oct, 2020 12:20pm

Technology

Facebook now allows Pakistani users to tie-up Instagram and Messenger

This upgrade was rolled out in August, with the testing beginning from Algeria, Argentina, Chile and Malaysia, and is now available across Canada, Pakistan, Peru and Taiwan.

Published 03 Oct, 2020 10:54am

Technology

Bank Alfalah, Bookme.pk partners to launch e-ticketing services in Pakistan

This partnership aims to create a convenient and accessible e-ticketing experience for anyone accessing these CDMs.

Published 03 Oct, 2020 10:42am

Business & Finance

SBP allows banks to process banknotes through PCSIR certified machines

The fourteen (14) day quarantine for banknotes was introduced in line with the international practices and World Health Organization (WHO) guidelines.

Published 02 Oct, 2020 04:40pm

Business & Finance

Pakistan to import 0.180 MMT of wheat from Russia to increase supplies

The government-owned Pakistan Agricultural Storage & Services Corporation Ltd (PASSCO), has been nominated as a procurement agency.

Published 02 Oct, 2020 04:07pm

Business & Finance

First tech co to go public in Pakistan in five years

Octopus Digital will be the first technology company to go public in Pakistan in five years.

Published 02 Oct, 2020 03:11pm

Technology

Windows 10 upcoming upgrade to warn users of imminent SSD failure

That is, if a user's SSD reaches the end of its life or is close to error, users will receive a warning message that will give them time to save their data.

Published 02 Oct, 2020 12:32pm

Business & Finance

After August hammering, Pakistan exports post 6pc growth in September

The advisor urged the exporters that besides executing current orders, they should pursue more orders from existing markets and reach out to untapped markets.

Published 02 Oct, 2020 11:39am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 28	277.93
USD PKR Interbank Buying / Nov 28	278.13
USD to Japanese Yen / Nov 28	151.53
USD to Swiss Franc / Nov 28	0.88
Pound Sterling to USD / Nov 28	1.27
Euro to USD / Nov 28	1.05

Stock	Volume
S&P 500 / Nov 27	5,998.74
Nasdaq / Nov 27	19,060.48
FTSE 100 / Nov 27	8,274.75
Dow Jones / Nov 27	44,722.06
Germany DAX 30 / Nov 27	19,261.75
France CAC40 / Nov 27	7,143.03
India Sensex / Nov 28	79,455.91
Tokyo Nikkei / Nov 28	38,303.45

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 27	17,685
Gold 10 Grams PKR / Nov 27	236,540
Petrol/Litre / Nov 28	248.38
Crude Oil USD/Barrel / Nov 28	68.72
Gold Spot USD/Ounce / Nov 28	2,635.70
Diesel/Litre / Nov 28	255.14

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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