News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Ashmore Investment to sell its stake in Pakistan’s can maker

The entire offer of 93,888,000 Ordinary Shares will be offered through the book building process at a Floor Price of PKR 35/- per share i.e. translated into Rs3.3 billion rupees ($22 million).

Published 23 Apr, 2021 03:39pm

Business & Finance

WB approves $400mn financing for Pakistan's Education & Healthcare

The KP Spending Effectively for Enhanced Development (SPEED) program will help the provincial government strengthen its management of public resources and fiscal planning to sustain human capital investments in education and healthcare services.

Published 23 Apr, 2021 02:31pm

Business & Finance

PIA cancels flights to Canada amid COVID-19 ban

The ban officially takes effect on Friday, 11:30 pm (PST).

Published 23 Apr, 2021 12:23pm

Business & Finance

SBP imposes penalties of over Rs 97mn on major banks

The SBP takes supervisory enforcement actions against those institutions that fail to comply with legal or regulatory requirements and these actions may range from the imposition of penalties, administrative and financial sanctions, and reference to concerned law enforcement/prosecution agencies.

Published 23 Apr, 2021 11:41am

Business & Finance

Pakistan economy needs to grow 7-9pc to generate jobs, curb debt: Report

The report highlighted that investment and productivity, which are the two major drivers of growth are not only rather low in Pakistan, but are on a decline.

Published 23 Apr, 2021 11:16am

Business & Finance

Simplifying tax system priority of the govt, PM Khan

PM Khan has directed the Economic Advisory Council to present a road-map envisaging short, medium and long-term measures for economic stability and sustainable growth.

Published 22 Apr, 2021 03:10pm

Business & Finance

Trend of housing finance is accelerating, says SBP's Kamil

Sima Kamil said that banks have approved loans of Rs 15 billion in six months and earlier loan terms were difficult but now they have been eased.

Published 22 Apr, 2021 02:26pm

Business & Finance

SBP & SECP amend ToRs to enhance Anti-Money Laundering supervision

As per SBP, the interagency cooperation between financial sector regulators is a crucial element for the effective supervision of financial groups, which comprise various types of financial institutions.

Published 22 Apr, 2021 01:22pm

Business & Finance

Germany’s DEG re-enters Pakistan Insurance Market, invests over $3mn

As per details, this foreign collaboration will help TPL Insurance to develop its Agriculture and Micro Insurance segments, thereby increasing penetration of insurance in Pakistan.

Published 22 Apr, 2021 11:33am

Business & Finance

Electricity price likely to be reduced by Rs 0.61 per unit

In this regard the hearing to consider the proposed adjustment is scheduled by the National Electric Power Regulatory Authority (NEPRA) on April 28, 2021 (Wednesday).

Published 22 Apr, 2021 10:51am

Business & Finance

Engro Corp petrochemical project to generate 50,000 job opportunities

Ghias shared that the prospective project will be valuable for the government in terms of revenue generation and will promote domestic growth and the economy.

Published 22 Apr, 2021 10:24am

Business & Finance

Housing Finance: SBP develops Mechanism for Payment of Markup Subsidy

As per details, SBP has issued necessary instructions to all commercial banks, microfinance banks and HBFCL (Executing Agencies (EAs)) through IH&SMEFD Circular No. 03 dated March 25, 2021 and revised instructions thereof issued from time to time.

Published 21 Apr, 2021 03:41pm

Business & Finance

Pakistan Customs introduces Non-Intrusive Inspection System for speedy clearance

The Karachi Port and Port Qasim have Customs scanning facilities installed with the assistance of Japanese Government under JICA program in addition to the scanners of the terminal operators.

Published 21 Apr, 2021 02:27pm

Business & Finance

Pakistan’s packaging co to invest billions of rupees in capacity expansion

The company informed that the project shall be financed primarily with a mix of debt and internal cash generation and is expected to start commercial operation during the first half of 2023.

Published 21 Apr, 2021 02:08pm

Business & Finance

Cabinet ratifies decision of customs duty withdrawal on cotton yarn import

“The notification will be issued in a few days,” said the advisor.

Published 21 Apr, 2021 12:38pm

Technology

Pakistan installs 4G Mobile Tower at K2 base camp

As per details, the mobile tower was installed by the Ministry of Interior department namely, Special Communication Organization and has started providing cellular and internet services.

Published 21 Apr, 2021 12:28pm

Business & Finance

Former FBR chief urges Tarin to make fundamental corrections

Taking to social media, Zaidi urged the finance minister to make fundamental corrections in the system. He also called for the registration of all industrial and commercial consumers for sales tax.

Published 21 Apr, 2021 10:41am

Business & Finance

SPDC urges govt to increase tax on tobacco in upcoming Federal Budget

This would not only help curb tobacco use in the country but would also contribute to generating more revenues that can be used for promoting public health.

Published 20 Apr, 2021 03:14pm

Business & Finance

TRG Pakistan's associate to sell its stake in E-Telequote

“TRG Pakistan’s prorated stake at closing, excluding any earn-out and prior to net debt adjustment at TRGIL, will be approximately Rs 21.5 billion,” it said.

Published 20 Apr, 2021 01:27pm

Technology

Pakistan suffers further drop on Inclusive Internet Index

Pakistan ranked highest in the Affordability pillar due to improvements in the competitive environment and a decrease in mobile phone costs.
However, not all was gloomy for Pakistan as it was among the countries that have made commendable progress in reducing gender gap in Internet access.

Published 20 Apr, 2021 12:22pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 24	2278.33
USD PKR Interbank Buying / May 24	278.13
USD to Japanese Yen / May 24	157.02
USD to Swiss Franc / May 24	0.91
Pound Sterling to USD / May 24	1.27
Euro to USD / May 24	1.08

Stock	Volume
S&P 500 / May 22	5307.01
Nasdaq / May 22	16801.54
Dow Jones / May 22	39671.04
India Sensex / May 24	75408.09
Tokyo Nikkei / May 24	38646.11
Hang Seng / May 24	18551.66
FTSE 100 / May 24	8304.47
Germany DAX 30 / May 24	18617.22

Item	Value
Crude Oil USD/Barrel / May 24	76.87
Karachi Cotton PKR/37.32 KG / May 24	19935
Gold 10 Grams PKR / May 24	205933
Gold Spot USD/Ounce / May 24	2336.82
Cotton US¢/pound / May 24	81.34
Petrol/Litre / May 25	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 25 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 25 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 25 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 25 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 25 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 25 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 25 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 25 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 25 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 25 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 25 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 25 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 25 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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