News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Pakistan

Pakistan’s IT minister voices against YouTube ban

“Ban is not the solution to the problems, instead it could be improved through filtration,” said Haque.

Published 25 Jul, 2020 11:31am

Business & Finance

Balochistan looks towards renewable energy to meet power needs

Over Rs1.64 billion has been allocated for 67 new projects in the energy sector in this year's annual development program.

Published 25 Jul, 2020 10:26am

Business & Finance

Govt, P@SHA join forces to enhance Pakistan’s IT exports

P@SHA a trade body of software houses recommended a 5 percent cash incentive on exports till 2025.

Published 24 Jul, 2020 04:07pm

Business & Finance

Licenses of 18 Pakistani pilots working in Malaysia declared valid

As per details, after the verification by the Pakistan Civil Aviation Authority (PCCA), the Civil Aviation Authority of Malaysia reinstated all grounded Pakistani pilots.

Published 24 Jul, 2020 02:30pm

Business & Finance

UWA acquires around 30pc shareholding in Unity Foods

Following the completion of the acquisition, UWA now holds 163,165,877 ordinary shares in Unity Foods, representing about 29.99pc shareholding interest in Unity Foods.

Published 24 Jul, 2020 12:48pm

Technology

Islamabad High Court orders to unban PUBG in Pakistan

The decision comes just hours after the Pakistan Telecommunication Authority (PTA) decided that PUBG remains blocked.

Updated 24 Jul, 2020 01:00pm

Markets

IHIG to build shopping malls in Pakistan

The first project under its real estate division is launched in the heart of Karachi as a part of IHIG’s investment expansion plans in Pakistan.

Published 24 Jul, 2020 11:05am

Pakistan

Despite calls for unban, PUBG remains blocked in Pakistan

PTA informed that it has approached PUBG management to share data about PUBG sessions and users in Pakistan and controls in place by the company.

Published 24 Jul, 2020 10:16am

Technology

Pakistan’s first-ever Digital City to be setup in Haripur

Tania Aidrus, Head of Prime Minister’s Digital Pakistan program lauded the plans and efforts of the KPIT Board in supporting the Digital Pakistan vision.

Published 23 Jul, 2020 03:55pm

Business & Finance

Complaints against Banks rise over 100pc, reveals SBP review

The volume and value of ATM/debit card transactions have increased by 101pc and 110pc respectively over the reporting period, said SBP.

Published 23 Jul, 2020 02:49pm

Business & Finance

OGRA grabs Rs4.5bn investment in oil infrastructure

OGRA granted a licence for the construction of a new Oil Refinery (Khyber Oil Refinery) with a capacity of 20,000 barrel per day designed on local crude during FY 2018-19.

Published 23 Jul, 2020 12:49pm

Business & Finance

NEPRA approves Rs1.88 increase in tariff under fuel price adjustment

NEPRA acknowledged an increase of Rs13.80 billion will be passed on to consumers in December.

Published 23 Jul, 2020 12:15pm

Business & Finance

If threatened tech companies would not come to Pakistan, warns Fawad

If big tech companies feel threatened that their services would be banned, these companies would not come to Pakistan to do business, says Chaudhry.

Published 23 Jul, 2020 11:26am

Business & Finance

Banning YouTube not a solution; will hamper Digital Pakistan vision, says Aidrus

Expressing her views on social media, Aidrus said that banning the video-sharing platform is not the solution, and the previous such decision only resulted in hampering the growth of the country’s content creators.

Updated 23 Jul, 2020 05:12pm

Markets

SBP recognizes JS Bank role in driving home remittance

During the year, JS Bank recorded more than 1 million transactions with total remittance value standing at $738mn against $685mn recorded last year, showing an increase of over 7.7 percent.

Published 22 Jul, 2020 03:09pm

Business & Finance

Fawad Chaudhry slams authorities over social media apps ban

Such bans on internet-based apps will destroy Pakistan tech industry and development of technology will be permanently hampered, says Chaudhry.

Published 22 Jul, 2020 01:04pm

Business & Finance

Amazon's Jeff Bezos amass record $13bn in a single day

Amazon founder Jeff Bezos has seen his net worth increase by $74 billion to $189.3 billion this year.

Published 22 Jul, 2020 12:20pm

Technology

TPL Trakker will now power foodpanda’s Mapping for Delivery Services

With the partnership, TPL Maps’ Location-Based Service (LBS) APIs will not only optimize foodpanda’s time efficiency and restaurant selection but also enhance their delivery services with orders delivered to the correct address at the right time.

Published 22 Jul, 2020 12:09pm

Business & Finance

AIIB approves $250mn loan to Pakistan to combat COVID-19

The project will be cofinanced with the World Bank, and will help bolster the government’s Resilient Institutions for Sustainable Economy (RISE) Program.

Published 22 Jul, 2020 10:38am

Pakistan

EU to provide Pakistan Rs 3.6bn grant under Rule of Law program

The RoL Programme will be implemented over a period of five years from 2020 to 2024.

Published 21 Jul, 2020 04:05pm

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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