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 / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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