News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Hi Fly to bring back stranded Pakistanis from Europe

The flights are reportedly priced at €800 or $915.

Published 21 Jul, 2020 02:31pm

Markets

US Dollar climbs to Rs 168.70 in interbank market

Demand for the dollar is increasing due to increase in imports.
SBP lets the market determine the exchange rate after exchange policy change.

Updated 21 Jul, 2020 02:47pm

Business & Finance

Govt issued 288 wheat import permits so far

The first shipment carrying about 66,000 tons of wheat will arrive in the country next month while the second shipment of 70,000 tons is expected to arrive in September.

Published 21 Jul, 2020 12:09pm

Pakistan

PTA bans Bigo in Pakistan, issues final warning to TikTok

The regulator informed that it had issued necessary notices to the aforementioned social media companies under law to moderate the socialization and content within legal and moral limits, in accordance with the laws of the country.

Published 21 Jul, 2020 10:37am

Business & Finance

Work on CPEC projects has not stopped anywhere, Bajwa tells special committee

He said that the government has signed more than 100 projects with Azad Kashmir, saying that our plan was to bring in investors rather than loans, informing that the government plan is to set up a hydel power project for cheap electricity.

Published 20 Jul, 2020 02:58pm

Technology

Fawad calls to unban PUBG, says such attitude is ‘killing tech industry’

The federal minister urged the IT minister Syed Amin ul Haque to take note of this ban, adding that the Pakistan Telecommunication Authority (PTA) will be instructed not to encourage such bans

Published 20 Jul, 2020 01:37pm

Pakistan

Punjab govt to ensure availability of flour at official rate

The availability of flour bags at the official price should be implemented in all cases.

Published 20 Jul, 2020 12:51pm

Business & Finance

MPCL discovers gas reserves in Sindh

The company said that the Drill Stem Tests (DSTs) carried out in SUL Formation flowed gas at a rate of 11 MMSCFD at wellhead flow pressure (WHFP) of 887 Psi at 48/64 inch choke size after acid job.

Published 20 Jul, 2020 12:00pm

Technology

Zoom overtakes TikTok, as world’s most downloaded app

The video-conference app on iOS was downloaded almost 94 million times from April 1 to June 30

Published 20 Jul, 2020 11:01am

Pakistan

DRAP okays up to 10pc hike in medicine prices

According to the DRAP announcement, pharmaceutical companies and importers were allowed to increase the prices of lifesaving medicines by 7pc while the prices of other medicines by 10pc.

Published 18 Jul, 2020 04:03pm

Markets

Indefinite lockdown to have caused irreversible damage to Pakistan economy: Hammad

The minister was of the view that the smart lockdown strategy implemented by his government was a ‘wiser path and minimized the damage.’

Published 18 Jul, 2020 01:15pm

Business & Finance

After losing Chabahar rail project, India to suffer another blow in Iran gas project

Iran would develop the field on its own and would like to involve India appropriately at a later stage, said Anurag Srivastava, spokesperson, Ministry of External Affairs, India,

Updated 18 Jul, 2020 01:24pm

Pakistan

Punjab launches ‘Bakar Mandi Online’ during corona season

Using this application, customers will not have to travel to cattle markets to buy animals during the COVID-19 season.
The 'Bakra Mandi Online' application will have all the details of the animals including the age, weight, and breed of the animal.

Published 18 Jul, 2020 11:29am

Business & Finance

Pakistan to deploy dozens of drones to tackle locust attacks

The minister informed that in the first phase, 30 drones will take part in the Ministry of Science and Technology and Locust Control campaign, and their numbers will gradually increase.

Published 18 Jul, 2020 10:55am

Technology

Govt to utilize TPL’s Location Based Services to tackle COVID-19

TPL Trakker will provide Location Based Services (LBS) to government applications for the purpose of mapping, analyzing, reporting, and responding to cases across the country.

Published 18 Jul, 2020 10:21am

Business & Finance

Licenses of nine Pakistani pilots working in Vietnam found genuine

A representative of the Vietnam Aviation Administration confirmed that during the flight operation at Vietnamese airlines, there was no case of a Pakistani pilot involved in a flight safety incident or threat.

Published 17 Jul, 2020 03:34pm

Business & Finance

Power China, FIEDMC to set up 700MW solar plant in Punjab

FIEDMC and Power China JEPCC have signed a memorandum, which aims to facilitate setting up of a 700MW solar power plant for M3-Industrial City and Allama Iqbal Industrial City.

Published 17 Jul, 2020 02:29pm

Markets

China supports extension of CPEC into Afghanistan

China is also pleased to see the Gwadar port, among other CPEC projects, plays a positive role in this process and stands ready to work together with Pakistan and Afghanistan in this regard, said the Chinese spokesperson.

Published 17 Jul, 2020 12:40pm

Business & Finance

CAA validates licenses of 166 Pakistani pilots as ‘genuine’ and ‘certified’

The countries namely, United Arab Emirates, Turkey, Malaysia, Vietnam, Bahrain, Ethiopia, Hong Kong, Oman, Qatar, and Kuwait had asked for the details of 176 pilots who had received licenses from the operator in Pakistan.

Published 17 Jul, 2020 10:52am

Business & Finance

Rs400bn construction projects to be initiated in last quarter

A project envisaging construction of houses and apartments worth Rs145bn will commence from 20th October.

Published 16 Jul, 2020 03:53pm

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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