News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Pakistan

Ministry of Science willing to assist Sindh in building water recharge stations

Chaudhry in a tweet post on Friday said that the water recharge station technology developed by the Pakistan Council of Research in Water Resources (PCRWR) is being used in Lahore, for the rapid drainage of stormwater.

Published 04 Sep, 2020 12:42pm

Business & Finance

Pakistan risks locking itself into building more power capacity than it needs: IEEFA

Report says the policy document fails to live up to the government’s stated principles of sustainability and affordability.

Published 04 Sep, 2020 12:17pm

Markets

Asim Bajwa announces to step down as PM aide

However, he would continue to serve as the Chairman of the China-Pakistan Economic Corridor (CPEC) Authority.

Updated 04 Sep, 2020 02:56pm

Business & Finance

Pakistan’s exports take a hammering, decline over 19pc in August

Abdul Razak Dawood said that the significant decline was due to the unprecedented monsoon rains, which resulted in disruption of the supply chain.

Published 03 Sep, 2020 03:42pm

Business & Finance

Pakistan’s future is now linked to China: PM Imran Khan

“It is a struggle and takes time because of the whole mindset and incentive structure and then you have to change the way government works,” he said.
“Our relationship with China is better than ever before, Pakistan's economic future is now linked to China," he said.

Updated 03 Sep, 2020 02:21pm

Markets

Battling COVID, PSX emerges as best performing bourse in Asia

The latest development is being viewed by financial analysts as a good sign for Pakistan's economy.

Updated 03 Sep, 2020 03:05pm

Pakistan

Pakistan develops its own ‘bloodless’ Dialysis Technology

With this dialysis machine, which was developed under the financial and technical support of the government kidney patients can undergo blood dialysis at home without any physical discomfort.

Published 03 Sep, 2020 11:32am

Pakistan

PTA once again directs YouTube to immediately block vulgar content in Pakistan

PTA says that the platform has been directed to put in place an effective content monitoring and moderation mechanism.

Published 03 Sep, 2020 10:54am

Business & Finance

Despite COVID, JS Bank’s Half Yearly Profits Skyrocket

The increase in profit is mainly due to growth in the Bank’s deposits which crossed PKR 400 billion resulting in improvement in net interest income and an upswing in fee-based income.

Published 02 Sep, 2020 06:02pm

Technology

Pakistan’s IoT co TPL Trakker joins hands with Rider

In the first phase, Rider has deep-linked the TPL Maps Navigation App (available on Android & iOS) in its Drive4Rider App.

Published 02 Sep, 2020 04:34pm

Technology

For next wave of startups, Nest I/O launches 12th Incubation Cycle program

The maximum number of team members per team that can be stationed at The Nest i/o at a given time are four, which is subject to availability of space.

Published 02 Sep, 2020 04:10pm

Pakistan

Curbing misinformation, Facebook launches new feature in Pakistan

Users in Pakistan will be shown a message when they attempt to share specific types of images, including photos that are over a year old and that may come close to violating Facebook’s guidelines on violent content.

Published 02 Sep, 2020 03:16pm

Business & Finance

ECC approves $142mn to meet Roosevelt Hotel financial requirements

Chairman PIA-IL in a letter on August 8, 2020 stated that the financial health of PIA-IL with existing proceeds repayment of $ 56 million to PIA-IL is not possible.

Published 02 Sep, 2020 02:40pm

Business & Finance

State Bank directs IBIs to adopt AAOIFI Shariah Standard

The failure to comply with these instructions may invoke penal action under the provisions of Banking Companies Ordinance 1962, said SBP.

Published 02 Sep, 2020 02:21pm

Business & Finance

Despite COVID Emirates SkyCargo exports 10mn Pakistani mangoes this season

The main markets where Emirates SkyCargo transported mangoes from Pakistan this season included the UK, US, Canada, Australia, France, Singapore, Malaysia, and the UAE.

Published 02 Sep, 2020 12:52pm

Technology

This battery can remain charged for thousands of years

As per reports, researchers say that the hardest metal diamond has been used in the manufacture of the nano-diamond battery, due to which it emits less radiation than the human body.

Published 02 Sep, 2020 12:08pm

Business & Finance

Karachi based mechanical company to manufacture ventilators

The development was shared by Federal Minister for Science and Technology Chaudhry Fawad Hussain in a tweet post.

Published 02 Sep, 2020 11:26am

Business & Finance

In a first, cabinet approves license for industrial and medical use of Hemp

The development was announced by the Federal of Science and Technology Chaudhry Fawad Hussain, who termed it as a ‘landmark decision’ and was of the view that the decision will place Pakistan in the multi-billion dollars Cannabidiol (CBD) Market.

Updated 01 Sep, 2020 05:29pm

Technology

Electric Buses in Pakistan: Chinese company to invest $50mn in first phase

The minister said electric buses would be operating in Pakistan from this year and will operate Islamabad and Lahore.

Published 01 Sep, 2020 03:16pm

Business & Finance

Pakistan’s Serene Air to commence international operations next month

Safdar further added that his company has done its homework to expand itself in China and the UK and was of the view that Serene Air's signature would soon appear on the international radar.

Published 01 Sep, 2020 02:13pm

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
Dow Jones / Nov 27	44,722.06
India Sensex / Nov 28	79,455.91
Tokyo Nikkei / Nov 28	38,303.45
Hang Seng / Nov 28	19,368.83
FTSE 100 / Nov 28	8,289.96
Germany DAX 30 / Nov 28	19,381.32

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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