News stories for Syed Ahmed Raza

Syed Ahmed Raza

Business & Finance

MG Pakistan's local assembly plant is almost ready

In a recent post on MG Pakistan’s Facebook page, the company highlighted how their local assembly plant, being constructed under the 'greenfield status,' is almost ready.

Published 17 May, 2021 03:16pm

Sports

UFC 262: Charles Oliveira knocks out Michael Chandler to claim lightweight title

The 31-year-old scraped past the first round with TKO former Bellator champ Chandler. But in round two, the Brazilian rushed to victory 19 seconds in.
“I think we saw one of the toughest dudes on the planet come back from some adversity,” said Chandler.

Updated 16 May, 2021 02:38pm

Sports

Neymar accused of plotting armed assault against activist investigating homophobic claims

An assistant to a Member of Parliament (MP), has filed a lawsuit with the Court of Justice of Sao Paulo. He reportedly claimed that he fears for his life.
Argipino Magalhaes also accuses Neymar’s lawyer, Davi de Paiva Costa Tangerina, of making death threats against him.

Updated 16 May, 2021 01:24pm

Pakistan

Pakistan down to 61 percent of COVID-19 peak as cases continue to fall

Reuters reported that the country’s new infections fell by over 22,00 daily over the last three weeks, a whopping 39% slump from what they were in the third week of April.

Updated 14 May, 2021 09:14pm

Business & Finance

Five EV Startups lose over $40 billion after merger with SPACs for public listing

During their high, the EV firms, Nikola Corp., Fisker Inc., Lordstown Motors Corp., Canoo Inc., and Arrival Ltd. were worth $60 billion combined.
They have since lost $40 billion of market capitalization.

Updated 14 May, 2021 07:10pm

Pakistan

Pakistan to receive $153 million from World Bank for coronavirus vaccines

The funds will be issued under the Pandemic Response Effectiveness in Pakistan (PREP) project, originally approved in April 2020.
The project will strengthen the health system’s capacity to implement the vaccination campaign for its prioritized and eligible populations.

Published 14 May, 2021 05:18pm

Pakistan

Rawalpindi Ring Road Scam: Opposition demands removal of Zulfi Bukhar, Ghulam Sarwar

PML-N blamed that Zulfi and Sarwar had made billions in this project as their lands fell in the project area. He also termed this project another way for PM Khan to benefit his “ATMs.”

Published 14 May, 2021 03:52pm

World

Major airlines suspend flights to Israel as conflict with Palestine intensifies

Major European and American airlines have temporarily suspended flights to Israel due to escalating tensions with Palestine.
The decision is more of a precautionary measure due to increasing retaliatory rocket attacks from Hamas.

Updated 14 May, 2021 01:57pm

Business & Finance

Elon Musk says Tesla will no longer accept bitcoin for car payments

Tesla CEO Elon Musk has announced that his company will no longer accept bitcoin for car purchases.
Musk said the reason behind his change of mind was the long-brewing environmental concerns surrounding the mining process of bitcoin.

Updated 14 May, 2021 01:21pm

Business & Finance

Renault Sport changes its name to Alpine Cars

Back in January, the Alpine 'Business Unit' announced that Alpine, Renault Sport, and Renault’s motorsport operation would be combined into one entity.
This makeover is only superficial, as, on a practical level, little will change.

Published 12 May, 2021 07:55pm

Business & Finance

Toyota Yaris is officially the UK's most reliable car

Toyota Yaris was crowned as the most reliable car due to its superb 'reliability rating'.
The Yaris scored double compared to that of its nearest rival, the Ford Fiesta. Other cars that ranked among the top 5 most reliable cars in the United Kingdom include the Vauxhall Corsa and Astra.

Updated 08 Jul, 2021 07:23pm

Pakistan

New Saudi Arabia vaccine condition is a nightmare for Pakistani travelers

Saudi Arabia's new condition has made life difficult for Pakistanis intending to travel to the kingdom.
This is because the Gulf country’s list of recommended vaccines does not include any of the ones that have been manufactured in China.

Updated 12 May, 2021 03:37pm

Business & Finance

Aston Martin's first all-electric sports car is due in 2025

The new man behind Aston Martin, Tobias Moers is planning to release the company's first fully electric vehicle by 2025.
"In 2025 or 2026, our next-generation sports car. It’s a given. When it comes to an electric platform, you create one that serves sports cars and SUVs," he said in a recent interview.

Updated 12 May, 2021 02:39pm

World

Breaking: Shawwal crescent not sighted in Saudi Arabia, Eidul Fitr on Thursday

Shawwal moon has not been sighted in Saudi Arabia, the Eidul Fitr 2021 will be observed on Thursday, an official statement said.

Updated 11 May, 2021 09:17pm

Business & Finance

FBR reduces sales tax on petroleum products to keep petroleum prices unchanged

The FBR had to amend S.R.O. 57(I)/2016 (sales tax on petroleum products) through a notification S.R.O. 557 (I)/2021 on Monday.
The sales tax on Kerosene oil has been reduced from 17 percent to 15.44 percent on Kerosene oil and from 17 percent to 7.56 percent on Light diesel oil.

Updated 11 May, 2021 08:39pm

Business & Finance

Hyundai to start local assembly of Santa Fe SUV

The Korean automaker Hyundai is planning to commence the local assembly of the Santa Fe.
The vehicle is already on sale in Pakistan as a CBU in only one trim-level, i.e. the GLS.

Updated 11 May, 2021 07:08pm

Business & Finance

Here is an update on Honda City variants and advance bookings

Honda City will be available in five variants. Two of them are fitted with a 1200cc engine and the other three have a 1500cc powertrain.
The first two are manual and the other three are CVT transmission variants.

Updated 11 May, 2021 05:16pm

Pakistan

COVID-19: Bannu imposes Section 144 in the city for one month

DC Bannu said that the step has been taken to “prevent danger to human life and disturbance of public peace and tranquility”.

Updated 11 May, 2021 03:25pm

Pakistan

Govt starts walk-in vaccination for people above 40 from Wednesday

The walk-in vaccination for people above 40 years of age will start tomorrow.
Only registered individuals can walk into any vaccination center and get a jab. For registration, people must send their CNIC to 1166.

Updated 11 May, 2021 02:15pm

Pakistan

Pakistan to receive 1.2 million more doses of AstraZeneca vaccine next month

Pakistan received 1.2 million AstraZeneca doses on May 8 through the United Nations' COVAX program on May 8.
The second batch of the COVID-19 vaccine is expected to be delivered next month.

Updated 10 May, 2021 09:23pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 19	278.45
USD PKR Interbank Buying / Apr 19	278.15
USD to Japanese Yen / Apr 19	154.37
USD to Swiss Franc / Apr 19	0.91
Pound Sterling to USD / Apr 19	1.24
Euro to USD / Apr 19	1.06

Stock	Volume
S&P 500 / Apr 18	5011.12
Nasdaq / Apr 18	15601.50
Dow Jones / Apr 18	37775.38
India Sensex / Apr 19	72222.48
Tokyo Nikkei / Apr 19	37068.35
Hang Seng / Apr 19	16205.02
FTSE 100 / Apr 19	7834.89
Germany DAX 30 / Apr 19	17717.67

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 18	21735
Gold 10 Grams PKR / Apr 18	214077
Petrol/Litre / Apr 19	293.94
Crude Oil USD/Barrel / Apr 19	84.27
Gold Spot USD/Ounce / Apr 19	2382.04
Diesel/Litre / Apr 19	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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