News stories for Kashaf Ali - Business Recorder

Kashaf Ali

Business & Finance

Growth in Power Generation and Petroleum Sale: SBP

SBP reports that easing of lockdowns has resulted in growth in power generation and petroleum product sales during the first quarter of FY21.

Published 16 Dec, 2020 12:02pm

Technology

Industry Valley Capital Launching a Dedicated Program for Returning Pakistanis

Industry Valley Capital has announced the launch of a dedicated program for returning Pakistani, known as Wapistani, today at 021Disrupt 2020, an online conference by Nest I/O.

Updated 04 Dec, 2020 05:44pm

Technology

Fatima Gobi Ventures Announced Two Investments in InventHub & Safepay at 021Disrupt 2020

Fatima Gobi Ventures announced its investment in two new startups, InventHub & Safepay, today at 021Disrupt 2020, an online conference by Nest I/O.

Updated 05 Dec, 2020 04:07pm

Business & Finance

E-Banking Transactions Increase by 25 pc amidst Pandemic: SBP

The use of e-Banking Channels has witnessed an increase as transaction rise by 25 percent in value and 23 percent in volume in the 1QFY21 as compared to 4QFY20, according to the State Bank of Pakistan (SBP).

Updated 04 Dec, 2020 03:58pm

Business & Finance

Increase in Board Gender Diversity in the Listed Companies in Pakistan: SECP

The proportion of listed companies with women directors show an increase from 31 percent in 2017 to 58 percent in 2019, according to a recent report by the Securities and Exchange Commission of Pakistan (SECP).
SECP explains that the Listed Companies Regulations 2017 has had a positive impact on board diversity in the listed companies.

Updated 04 Dec, 2020 01:24pm

Technology

Privacy Concerns Trump Law Enforcement as Massachusetts Lawmakers Ban Facial Recognition

Lawmakers in Massachusetts voted to pass state-wide police ban on facial recognition by law enforcement.
State-level bans on facial recognition offer important lessons for developing countries like Pakistan, which are increasingly investing in safe city projects.

Published 02 Dec, 2020 12:38pm

Business & Finance

E-commerce Market Grows by 55.5pc with Growth in Digital Payments: SBP

Pakistan's e-commerce market is estimated to have expanded to Rs 234.6 billion in FY20 during the pandemic, according to the State Bank of Pakistan.

Updated 28 Nov, 2020 05:00pm

Technology

Broadband Penetration in Pakistan Quadrupled in 5 years: SBP

Broadband penetration in the economy quadrupled in the last five years from only 8.9 percent in June 2015 to 39.1 percent by March 2020, according to the State Bank of Pakistan

Updated 23 Nov, 2020 01:20pm

Business & Finance

Asia hosts 10 of the World’s Busiest Domestic Air Travel Routes this Month

According to the OAG Aviation Worldwide Ltd, 10 of the world’s busiest domestic routes this month are operating in Asia.

Updated 17 Nov, 2020 02:08pm

Business & Finance

Karachi BRT Red Line Project Will Boost Pakistan's Transport Sector Sustainably: ADB

Bambang Susantono explains how ADB's Karachi Bus Rapid Transit Red Line Project will transform Pakistan's transport system sustainably at the Intergovernmental 13th Regional Environmentally Sustainable Transport Forum in Asia.

Updated 10 Nov, 2020 02:38pm

Business & Finance

Pakistan's Tax-to-GDP Ratio Falls Amidst the Pandemic

Pakistan's tax revenue to GDP ratio falls in 1QFY21, despite a 6.9% increase in the total tax revenue collection by the provinces.

Updated 05 Nov, 2020 04:07pm

Business & Finance

Impressive Year for Bestway Cement: Profits Rise by Almost 500%

Bestway Cement Limited witnessed a stellar increase of almost 500% in profits after tax during the third quarter of the current financial year.

Published 29 Oct, 2020 01:43pm

Business & Finance

Toyota Indus Motor Profits Rise by an Impressive 40pc

Toyota Indus Motor had a stellar year with a 40pc increase in profits after tax during the third quarter of the current financial year.
Company’s revenue increased by 65% from a surge in car prices and sales this year.

Published 29 Oct, 2020 01:15pm

Business & Finance

SEED Launches Policy Note for Property Tax Reform in KP

Sustainable Energy and Economic Development (SEED) launched a Policy Note in collaboration with the KP Government to introduce Property Tax Reform in the province.

Updated 28 Oct, 2020 07:12pm

Business & Finance

Uber UK forced to Pay Up £1.5bn in VAT - Why Competition Laws are Necessary?

After exploiting loopholes in UK tax law to avoid paying VAT for a long time, Uber UK was forced to pay £1.5bn in VAT.
As global companies expand to new developing markets, competition and tax laws must evolve across the globe to protect consumers and domestic industry.

Published 23 Oct, 2020 03:21pm

Markets

Value-added Textile Products Boost Sector Exports by 3%

Pakistan’s textile exports grew by 3% with value-added textile products, knitwear and readymade garments, generating the highest export revenue.

Published 20 Oct, 2020 06:06pm

Business & Finance

COVID-19 hardships turn boon as Pakistan's E-commerce grows by 79pc

Despite the COVID-19 pandemic, Pakistan’s e-commerce market witnessed growth due to a year-on-year rise in the use of digital payment methods.

Published 20 Oct, 2020 03:20pm

Business & Finance

PDMA Bans Economic Activity: Is Pakistan Losing The War Against Climate Change?

In light of the deteriorating Air Quality Index for Punjab, PDMA bans a list of economic activities to combat the smog season.
With 'weak' regulation and lack of evidence-based policymaking, is a ban on economic activities a solution to the smog crisis?

Published 17 Oct, 2020 01:22pm

Business & Finance

Pakistani Startup Investments Rise to $178 million

Pakistani Startups made 122 deals worth $178 million from 2015-2020 with male-founded e-commerce startups taking the lead, according to data generated by i2i’s Deal Flow Tracker.
“There is a lot of exciting activity happening in the investment landscape these days,” says Kalsoom Lakhani, Invest2Innovate Founder and CEO.

Published 14 Oct, 2020 08:41pm

Business & Finance

Toyota surges, Suzuki declines as Pakistan auto sector gains momentum

According to the Automobile Industry Report by PAMA, the automobile industry of Pakistan recovered with a 20% month-on-month increase in passenger car sales in September 2020.

Published 12 Oct, 2020 07:05pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 1	277.99
USD PKR Interbank Buying / Jan 1	277.79
USD to Japanese Yen / Jan 1	152.16
USD to Swiss Franc / Jan 1	0.86
Pound Sterling to USD / Jan 1	1.30

Stock	Volume
S&P 500 / Jan 1	5,712.69
India Sensex / Jan 1	78,782.24
Tokyo Nikkei / Jan 1	38,053.67
Nasdaq / Jan 1	18,179.98
Hang Seng / Jan 1	20,567.52
FTSE 100 / Jan 1	8,184.24
Dow Jones / Jan 1	41,794.60
Germany DAX 30 / Jan 1	19,147.85

Item	Value
Petrol/Litre / Jan 1	248.38
Crude Oil USD/Barrel / Jan 1	71.65
Karachi Cotton PKR/37.32 KG / Jan 1	18,085
Gold 10 Grams PKR / Jan 1	244,227
Gold Spot USD/Ounce / Jan 1	2,745.40
Diesel/Litre / Jan 1	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 21 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 21 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 21 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 21 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 21 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 21 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 21 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 21 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 21 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

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