News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Pakistan to launch soft loan scheme for Overseas Workers

Under the initiative, soft loans will be provided to the labourers and the overseas Pakistanis returning from foreign countries so that they could set up their own businesses.

Published 03 May, 2021 11:16am

Business & Finance

US Senators table bill to develop ROZs in Pakistan, Afghanistan border region

The bill would establish Reconstruction Opportunity Zones (ROZs) in Afghanistan and Pakistan’s border regions to allow certain products from these areas to enter the U.S. duty-free, read a statement.

Published 01 May, 2021 12:47pm

Pakistan reduce inbound international flights to 20pc

Pakistan has decided to significantly reduce inbound international air travel, said the NCOC in a statement on Saturday.

Published 01 May, 2021 12:17pm

Business & Finance

Policies leading to economic revival says PM, as FBR post impressive growth

The prime minister said that the rise in FBR revenue indicates that the government policies have led to broad-based economic revival.

Published 01 May, 2021 10:50am

Business & Finance

Adhering to strict financial discipline to achieve stability, Tarin tells business community

The representatives of FPCCI discussed matters related to sales tax harmonization and rationalization of taxes.

Published 01 May, 2021 10:15am

Business & Finance

OGRA slashes LPG rates for May

The notification said that the new price of a domestic LPG cylinder was fixed at Rs 1,572.40, while in April, the price of a domestic LPG cylinder was Rs 1,718.59.

Published 30 Apr, 2021 02:59pm

Business & Finance

Punjab approves projects worth Rs 75bn under Public-Private partnership

The meeting approved to initiation of seven projects worth Rs. 75 billion under public-private partnership.

Published 30 Apr, 2021 02:22pm

Markets

PSX ends April with bears dominating the bourse

The benchmark KSE-100 Index closed at 44,262.35 points on Friday, losing 600.76 points facing a decline of 1.34 percent.

Published 30 Apr, 2021 12:49pm

Business & Finance

Riding on new policy Pakistan’s refining capacity to register significant growth

The expectation comes on the back of a new oil refinery policy, which is under works and offers incentives for existing up-gradation projects and new refineries as well.

Published 30 Apr, 2021 11:53am

Business & Finance

Consumer Confidence erodes, as Pakistan fears rise in unemployment: Survey

*The Consumer Confidence Index declined by 10.8pc on a quarterly basis to 80.8 points in the first quarter of 2021.

Published 30 Apr, 2021 11:00am

Business & Finance

Traders urge govt to increase business hours of groceries

LCCI President Tariq Misbah has said that extra working hours will reduce the pressure on the business community.

Published 30 Apr, 2021 10:00am

Business & Finance

SECP introduces combined digital registration with provincial depts

As per SECP, this initiative is expected to significantly reduce the overall starting a business time in Pakistan and would have a positive impact on the countries ranking on the Doing Business Index.

Published 29 Apr, 2021 03:33pm

Business & Finance

Experts call for special tax regime for Pakistan solar industry

Rizvi lamented the situation that power plants were still being established in the country on the basis of imported coal when there was a huge potential to indigenously generate clean electricity using abundantly available solar energy.

Published 29 Apr, 2021 02:16pm

Business & Finance

Modern scanners to be installed at airports for fruits & veggie inspection

Waheed said that the scanner will help examine the export of fruits, vegetables, and other perishable food items.

Published 29 Apr, 2021 01:14pm

Business & Finance

Until exports increase, Pakistan need to close gap with remittances: PM

He was hopeful that the introduction of two new products including the Roshan Apni Car and Roshan Samaji Khidmat to increase the participation of Overseas Pakistanis will be successful.

Updated 29 Apr, 2021 02:59pm

Markets

PSX updates office/trading timing amid rising COVID cases

“Align with the decision of National Command and Operation Centre (NCOC) regarding the COVID-19 situation and subsequent reduction in banking hours by the State Bank of Pakistan, PSX has also revised its market at office timing keeping in view the smooth clearing and settlement within the reduced banking hours,” stated the bourse.

Published 29 Apr, 2021 10:54am

Business & Finance

Pakistan’s textile giant to invest $300mn in next five years

The company said that under the vision it will endeavor to double its sales by FY2025-26 when compared to the sales in the FY2020 -21.

Published 29 Apr, 2021 10:08am

Business & Finance

Pakistan's meat exporter eyeing to enter into international pet foods market

The company informed that its shipment has been cleared by the US Food and Drug Administration (FDA), which can result in the opening of a new export market for pet food raw material supply.

Published 28 Apr, 2021 02:51pm

Business & Finance

Pakistan‘s inflation rate expected to remain 8-9.5pc in April

The monthly bulletin was of the view that the recent increases in international and domestic energy prices are expected to have transitory effects on inflation.

Published 28 Apr, 2021 02:10pm

Business & Finance

Pakistan should continue efforts toward fiscal consolidation and policy reforms: ADB

The ADB report highlighted that reforms are required to promote high value-added exports, expand social spending, reinforce energy sector financial and technical sustainability, and implement structural changes that will strengthen institutions and create jobs.

Published 28 Apr, 2021 12:41pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 20	278.50
USD PKR Interbank Buying / May 20	278.30
USD to Japanese Yen / May 20	156.25
USD to Swiss Franc / May 20	0.91
Pound Sterling to USD / May 20	1.27
Euro to USD / May 20	1.09

Stock	Volume
S&P 500 / May 20	5308.13
India Sensex / May 20	74005.94
Tokyo Nikkei / May 20	38069.68
Nasdaq / May 20	16794.88
Hang Seng / May 20	19636.22
FTSE 100 / May 20	8424.20
Dow Jones / May 20	39806.77
Germany DAX 30 / May 20	18768.96

Item	Value
Karachi Cotton PKR/37.32 KG / May 17	19935
Crude Oil USD/Barrel / May 20	79.65
Gold 10 Grams PKR / May 20	214678
Gold Spot USD/Ounce / May 20	2430.25
Cotton US¢/pound / May 20	76.03
Petrol/Litre / May 21	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 21 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 21 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 21 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 21 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 21 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 21 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 21 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 21 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 21 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 21 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 21 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 21 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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