News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

SECP approves framework for ‘Direct Listing’ at PSX

Company can get listed by selling existing shares to accredited investors, existing shareholders, and specific category of investors, without the mandatory appointment of intermediaries

Published 28 May, 2021 08:25pm

Business & Finance

SBP keeps interest rate unchanged at 7%

Announcement largely in line with market expectations * The MPC of the central bank was of the view that positive recovery momentum is expected to persist, translating into higher growth next year.

Published 28 May, 2021 06:10pm

Business & Finance

GDP growth forecast of 4.8pc approved for next fiscal: Umar

The minister was of the view that the approval reflects the strength of growth momentum in the economy while maintaining strong fundamentals.

Updated 28 May, 2021 08:38pm

Business & Finance

Volume record tumbles again at PSX

Over 2.2 billion shares change hands on Thursday, a day after the stock exchange registered its highest volume in a single session

Published 27 May, 2021 05:42pm

Business & Finance

Bestway Cement announces greenfield plant in Mianwali

Company reaches agreement with Chinese firm
Plant to have capacity of 7,200 tons

Published 27 May, 2021 11:51am

Business & Finance

PSX records highest daily volume in history

Over 1,563 million shares change hands on Wednesday.
KSE-100 Index also increases 511 points to near 47,000 level

Published 26 May, 2021 07:40pm

Business & Finance

Reko Diq case: BVI high court decision ‘big victory’ of Pakistan's stance, says govt

Addressing media persons on Wednesday, the minister said that the decision will also provide economic relief to the country.

Published 26 May, 2021 02:13pm

Business & Finance

Pakistan, WB discuss projects to uplift rural economy

In order to improve the rural economy, it was discussed to improve agriculture productivity through provision of improved seeds and efficient water management system.

Published 26 May, 2021 01:06pm

Business & Finance

Pakistan approves six month extension to APTTA

He said that the decision reflects Pakistan’s strong desire to enhance bilateral trade and transit which will particularly bring prosperity to the people living in bordering areas.

Published 26 May, 2021 11:55am

Business & Finance

Pakistan, Tajikistan agree to fast track bilateral agreements, MoUs

The Foreign Secretary emphasized the need to increase volume of bilateral trade and investments through trade diversification, increasing business-to-business contacts, resuming air links, and enhancing cooperation in the energy sector.

Published 26 May, 2021 11:04am

Business & Finance

Refuting reports, FBR says Rs 20mn allocated for Pakistan Single Window under PSDP

The tax collecting authority informed that with the required administrative approvals in place, the allocated amount is expected to be fully utilized before 30th June 2021.

Published 26 May, 2021 10:39am

Business & Finance

Govt to bring employment programs for youth: PM Khan

The Prime Minister said that 170,000 scholarships are being given for teaching skills, 50,000 scholarships will be given for high technologies.
He said that the government has set aside Rs 100 billion for giving loans to the youth.

Published 25 May, 2021 02:21pm

Business & Finance

Economic revival on 'sound footing' says SBP, as CAB post $200mn deficit

The central bank added that through the first 10 months of the ongoing fiscal year, CAB remains in surplus of $800mn, which is “a significant turnaround from the $4.7bn deficit during the same period last year.

Published 25 May, 2021 01:36pm

Business & Finance

Biscuit manufacturer found involved in over Rs 4bn tax evasion

Assessment order was issued wherein an amount of Rs. 4.27 billion as sales tax along with default surcharge and 100 percent penalty for tax fraud was imposed upon the registered person, stated FBR.

Updated 25 May, 2021 12:25pm

Business & Finance

Circular debt declines Rs 189bn during July-April: Umar

The federal minister said that this ‘huge improvement’ in the circular debt buildup against the last year of PML-N government has been achieved despite massive increase in capacity payments caused by decisions committed by the former government.

Published 25 May, 2021 11:27am

Business & Finance

Fitch Ratings assigns WAPDA’s USD Notes 'B-' rating

“The proceeds of the proposed notes will be used to finance or refinance eligible green projects,” said Fitch.

Published 25 May, 2021 10:53am

Business & Finance

IT Ministry concern over FBR decision to abolish Tax Exemption regime

MOIT presented a detailed Industry Impact Analysis as the result of recent announcements by FBR to abolish the Tax Exemption regime and replacing it with the recently announced Tax Credit Regime.

Published 25 May, 2021 10:06am

Business & Finance

SBP Special ATM Monitoring exercise bears results

Consequently, the joint efforts of SBP and commercial banks saw an average of 96.5 percent uptime recorded in ATM services during Ramadan and Eid-ul-Fitr.

Published 25 May, 2021 09:34am

Business & Finance

Baqir highlights SBP measures amid COVD pandemic

On policy rate, Baqir informed that Pakistan reduced its interest rate by 625 basis points since 1st February 2020 to provide interest expense relief for borrowers.
The central bank chief said that about Rs 2 trillion liquidity or five percent of the GDP was injected through SBP’s economic policy support measures during COVID.

Published 24 May, 2021 04:47pm

Business & Finance

GDP growth expected to rise 3.94pc as post-Covid recovery strengthens: SBP

“This rebound was fueled by a well-calibrated policy response,” said SBP.
SBP said that it provided a targeted economic stimulus of Rs2 trillion to support the recovery through interest rate cut, principal deferment & loan restructuring, Rozgar payroll finance scheme to prevent layoffs, and concessional finance for investment in industry and health facilities.

Published 24 May, 2021 01:59pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 29	278.53
USD PKR Interbank Buying / Apr 29	278.03
USD to Japanese Yen / Apr 29	156.41
USD to Swiss Franc / Apr 29	0.91
Pound Sterling to USD / Apr 29	1.25
Euro to USD / Apr 29	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Dow Jones / Apr 26	38239.66
India Sensex / Apr 29	74257.68
Hang Seng / Apr 29	17861.75
FTSE 100 / Apr 29	8179.85
Germany DAX 30 / Apr 29	18202.27

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Crude Oil USD/Barrel / Apr 29	83.16
Gold 10 Grams PKR / Apr 29	209105
Gold Spot USD/Ounce / Apr 29	2332.70
Cotton US¢/pound / Apr 29	82.15
Petrol/Litre / Apr 30	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 30 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 30 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 30 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 30 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 30 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 30 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 30 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 30 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 30 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 30 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 30 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 30 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 30 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 30 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 30 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 30 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 30 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 30 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 30 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 30 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 30 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 30 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 30 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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