News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

British Airways facing its crisis of the century

Due to the financial crisis caused by the COVID-19, British Airways has cut its staff by 13,000 employees and re-contracted the remaining employees.

Published 17 Sep, 2020 01:36pm

Pakistan

PM inaugurates Pak-Austria Fachhochschule Institute of Applied Sciences and Technology

“We are moving in the right direction with a focus on education, science, technology and knowledge economy,” said Prime Minister during his address.
Government is going to collaborate with five Chinese and three Austrian universities for technological advancement in Pakistan.

Published 17 Sep, 2020 01:17pm

Business & Finance

These are the FATF related bills passed in latest Joint Sesssion

The three crucial FATF-related bills included the Anti-Money Laundering (Second Amendment) Bill, 2020, the Islamabad Capital Territory Waqf Properties Bill, 2020, and the Anti-Terrorism (Third Amendment) Bill, 2020.

Updated 17 Sep, 2020 01:07pm

Business & Finance

After fare reduction PIA introduces special offer for children

PIA officials have announced that children up to the age of 2 can now travel for free on all domestic flights.

Published 17 Sep, 2020 12:17pm

Technology

TPL Life, THB Global introduce ‘Global Care’ in Pakistan

Through the strategic partnership, the two companies have introduced ‘Global Care’ in Pakistan.

Published 17 Sep, 2020 10:25am

Technology

TikTok competitor is finally here, Meet YouTube Shorts

Meet YouTube Shorts, which “is a new way to express yourself in 15 seconds or less,” said the company in its announcement.

Published 15 Sep, 2020 04:35pm

Technology

Ex-employee slams Facebook for failing to control global political manipulation

Former Facebook data scientist Sophie Zhang in an over 6,600 words memo pointed to activity across the world.

Published 15 Sep, 2020 02:13pm

Markets

Major blow to oil refiners, Trump’s administration rejects requests for biofuel waiver

The decision to deny waivers comes because they had become a controversial issue between oil refiners and farmers in the US Farm Belt, an important political constituency for Trump as election nears.

Published 15 Sep, 2020 01:07pm

Business & Finance

Pakistan's V-shaped economic recovery gets confirmed as COVID weakens, says Umar

He said that Large Scale Manufacturing (LSM) figures for July show more than 9 percent growth over June and more than 5pc growth as compared to July 2019.

Published 15 Sep, 2020 11:54am

Technology

Instagram may charge fees for adding links to posts

When a "URL" is added to the text of a post, the user will automatically be asked if they want to create the link directly.

Published 15 Sep, 2020 11:12am

Markets

ADB projects Pakistan’s GDP to rebound to 2pc in FY2021 as COVID impact subside

The ADB assumes that the COVID-19 impact will subside by the end of 2020—the end of the second quarter of FY2021, allowing global conditions to normalize and economic sentiment to improve.

Updated 15 Sep, 2020 04:07pm

Markets

Islamic Banking: Pakistan grabs Global Islamic Leadership Award

The award was received by President Arif Alvi at the 10th Global Islamic Finance Awards Ceremony.

Updated 14 Sep, 2020 04:13pm

Business & Finance

With rise in cement, fuel sales Pakistan economy picks up steam

The government to has expressed optimism over the country’s recent economic performance.

Published 14 Sep, 2020 02:46pm

Business & Finance

Sale of Conventional Naya Pakistan Certificates begin

The ministry added that Shariah-compliant version is also coming very soon.

Published 14 Sep, 2020 12:18pm

Business & Finance

KSA announce to lift travel restrictions from Jan 1st

The Saudi Interior Ministry has said that airports, ports, and border checkpoints will be opened from January 1, 2021.

Published 14 Sep, 2020 11:40am

Business & Finance

CPEC: Development agreement of Rashakai SEZ to be held today

The Rashakai SEZ is to be developed under Public Private Partnership mode.

Published 14 Sep, 2020 10:57am

Business & Finance

Pakistan's Remittances remain strong in August, surpass $2bn for the third month

The remittances reached $2.095 billion, which is 24.4 percent higher than during the same month last year and largely in line with SBP projections.

Published 14 Sep, 2020 10:11am

Business & Finance

SBP amends rules governing Primary Dealers

The PD will not be allowed to short sell a particular issue more than 5% of the target amount of each tenor

Published 12 Sep, 2020 03:27pm

Technology

Telenor Group to invest millions in network upgradation in Pakistan

The purpose of the capital is to further strengthen and expand the digital payment ecosystem in the country, Federal Minister for IT said.

Published 12 Sep, 2020 02:32pm

Business & Finance

Shaikh urges business community to avail benefits from govt policies

Shaikh said that the Coronavirus pandemic badly affected the country’s economy.

Updated 12 Sep, 2020 01:59pm

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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