News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Islamic Banking industry continues its upward trajectory

In terms of market share, the Islamic banking industry now stands at 15.3 percent and 16.9 percent, respectively in assets and deposits of the overall banking industry.

Published 12 Sep, 2020 11:09am

Business & Finance

GIDC Issue: Hafeez Shaikh directs to form two separate sub-groups

The development comes during two separate meetings with representatives from the fertilizer industry and All Pakistan Textile Mills Association to discuss the GIDC issue on Friday.

Published 11 Sep, 2020 04:20pm

Business & Finance

Summit Bank appoints Waseem Mehdi as Chairman

Furthermore, the Board of Directors has also approved the appointed of Ahsan Raza Durrani as the Acting Chief Executive Officer (CEO) of the Bank until December 30, 2020.

Published 11 Sep, 2020 03:43pm

Markets

Pakistan, UAE anti-money laundering MoU to help meet FATF conditions

The Financial Intelligence Unit (FIU) of the UAE signed a Memorandum of Understanding (MoU) with the Financial Monitoring Unit of Pakistan.

Published 11 Sep, 2020 12:56pm

Business & Finance

Suzuki Bolan shines, Alto loose sparkle as car sales pick up steam in August

During August 2020, as many as 9,885 cars were sold against the sale of 9,126 units while the production of cars decreased from 10,636 units to 7,177 units, according to Pakistan automobile Manufacturing Association (PAMA).

Published 11 Sep, 2020 12:01pm

Business & Finance

Peter Hauggaard assumes charge of Ecolean Pakistan

Since the entry, Ecolean Pakistan has engaged in several successful partnerships with customers and seen sufficient growth in the region.

Published 11 Sep, 2020 10:59am

Business & Finance

Trevor Milton’s Nikola ‘is an intricate fraud’ claims Hindenburg Research

“We have never seen this level of deception at a public company, especially of this size,” Hindenburg said.

Published 11 Sep, 2020 10:35am

Business & Finance

Tanveer Awan appointed CEO of Dhabi Group of Companies

Awan, former Managing Director with Alvarez &Marsal, brings over 15 years of experience focused on turnarounds and transformations.

Published 10 Sep, 2020 03:04pm

Markets

Pakistan, UAE to exchange information to combat financial terrorism

The MoU was signed by H.E. Ghulam Dastgir, Ambassador of Pakistan to UAE, and Ali Faisal Ba'Alawi, Acting Head of the Financial Intelligence Unit of UAE.

Published 10 Sep, 2020 02:29pm

Business & Finance

Zakat collections decline in the country amid economic slowdown

The decline comes in the backdrop of the economic downturn in the country, which has been initiated due to the coronavirus pandemic lead global economic slowdown.

Published 10 Sep, 2020 02:12pm

Markets

SBP instructs banks to facilitate Roshan Digital Accounts holders

Using Roshan Digital Accounts, Non-Resident Pakistanis can now avail digital banking facilities, including access to online banking, domestic funds transfer, utility bills and tuition fee payment in Pakistan.

Published 10 Sep, 2020 12:33pm

Technology

Gaming sensation PUBG Mobile hits $3.5bn in lifetime revenue

The Tencent built game has seen its revenue rise thanks to COVID -19 pandemic lead lockdown.

Published 10 Sep, 2020 11:41am

Markets

PM Khan to inaugurate Roshan Digital Account for NRP

The PM Office Media Wing in a statement said it would be a major initiative by State Bank of Pakistan together with commercial banks operating in Pakistan.

Published 10 Sep, 2020 11:02am

Business & Finance

KE admits it experienced 'cyber incident', customers may experience disruption

All critical customer services including bill payment solutions and 118 call-centre are operational and fully functional.

Updated 10 Sep, 2020 12:15pm

Technology

Easypaisa, NADRA Technologies Collaborate for Accessible Digital Financial Services

Under the partnership, all 12,000 NADRA e-Sahulat centers across the country will now also provide a host of Easypaisa services.

Published 09 Sep, 2020 04:08pm

Markets

Massive gas reserves discovered in Kalat, Balochistan

“Discovery of 1 trillion+ cubic feet of gas in Kalat, Balochistan, brings good news in controlling Pakistan's energy crisis for the residential and commercial sector,” said the minister.

Updated 11 Sep, 2020 10:47am

Business & Finance

Pakistan Refinery Limited resumes operations weeks after Karachi rains damage oil pipelines

“The crude oil connectivity between Keamari Terminal and the Refinery through the pipeline has been restored through a temporary arrangement,” the company said.

Published 09 Sep, 2020 01:48pm

Pakistan

United States issues Level-3 Travel Advisory for Pakistan

“The Centers for Disease Control and Prevention (CDC) has issued a Level 3 Travel Health Notice for Pakistan due to COVID-19,” read the advisory.

Published 09 Sep, 2020 01:34pm

Technology

Huawei to train hundreds of Pakistan’s govt officials

The Prime Minister said that there are vast opportunities for investment in Pakistan in the field of technology.

Published 09 Sep, 2020 12:40pm

Technology

Ransomware attack hits K-Electric, disrupts billing, online services

K-Electric could not issue electricity bills to its consumers in various regions as its billing system became non-functional after the attack.

Updated 09 Sep, 2020 04:04pm

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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