News stories for Ali Ahmed - Business Recorder

Ali Ahmed

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

Business & Finance

UAE extends $ 2bn loan repayment period for Pakistan

“FM Qureshi lauded UAE’s consistent support to Pakistan and welcomed the announcement of rolling back payment of $2 billion, which symbolizes the depth and strength of bilateral ties,” said the Ministry of Foreign Affairs in a statement.

Published 20 Apr, 2021 11:24am

Business & Finance

Tarin's target of achieving 6-7pc GDP growth not an easy task, says expert

Najam was of the view that despite challenges, the government should target to achieve a 6pc to 7pc growth rate and utilize all the resources at its disposal especially low-interest rate (policy rate).

Published 20 Apr, 2021 10:57am

Business & Finance

Finance Minister Tarin kicks off budget preperation

The Finance Minister said that there are many plans to improve the economy, which will be revealed to the media.

Published 19 Apr, 2021 03:47pm

Business & Finance

NAB recovered Rs 321bn from corrupt elements in 2020

NAB has filed 1269 corruption cases having an accumulative value of Rs 950 billion which are subjudice in the learned accountability courts.

Published 19 Apr, 2021 02:32pm

Business & Finance

Meeting IMF conditions biggest challenge for Tarin, says Expert

On Friday, Shaukat Tarin was appointed as the fourth Finance and Revenue Minister to head Ministry of Finance (MoF) in less than three years ahead of the budget for the next fiscal year.

Published 19 Apr, 2021 01:30pm

Business & Finance

Govt, MPCL sign agreement, allowing removal of dividend distribution cap

The company informed that accordingly, effective 1st July 2020, MPCL has been allowed to declare and distribute dividends in accordance with the provisions of the Companies Act 2017 (as amended from time time) and the Companies (Distribution of Dividends) Regulations, 2017. `

Published 19 Apr, 2021 10:53am

Business & Finance

Hackers scamming taxpayers through fake emails, warns FBR

As per details, these fake emails instruct the targeted taxpayers to check the attached Income Tax Defaulters List for their details.

Published 19 Apr, 2021 10:11am

Business & Finance

Federal govt bans import of conventional syringes

The Ministry of Commerce has also issued a notification banning the import of conventional syringes.

Published 17 Apr, 2021 02:54pm

Business & Finance

Karachi traders say will not follow Sindh govt new SOPs

Mir said that the frequent change of holidays was creating ambiguity.
President Karachi Electronics Dealers Association (KEDA), Mohammad Rizwan has announced that all electronics markets will be open today.

Published 17 Apr, 2021 01:10pm

Business & Finance

FBR drafting new rules to curb sale of unregistered cigarette brands in Pakistan

From July 1, 2021, Track & Trace System would be rolled out to cover tobacco manufacturing across the country, and the AJK Government had approached the Federal Board of Revenue to extend the scope of the Track & Track System to cigarette manufacturing units located inside AJK territory.

Published 17 Apr, 2021 11:49am

Business & Finance

Despite Covid-19, Pakistan’s economy struggling less than regional countries: Report

Despite the third peak of Covid-19, over a 12-month period PPI faces an upward-sloping trajectory reaching an all-time high of 126.1 points in January 2021 from 125.3 points in December 2020, signaling an economic turnaround largely driven by improved business confidence.

Published 17 Apr, 2021 11:29am

Business & Finance

Circular debt build-up has made power sector financially challenging, says Azhar

Secretary Power briefed Hamamd about the efforts being made for the reformation of the Power sector with a view to providing maximum relief to the electricity consumers.

Published 17 Apr, 2021 10:55am

Business & Finance

WB, FBR discuss ‘Pakistan Raises Revenue’ program

Asim Ahmad gave an update on the progress of the reforms agenda covering 10 Disbursement Linked Indicators (DLIs) and also shared concerns regarding the difficulties being encountered in progress on reform interventions involving data sharing with provinces and the Sindh High Court stay on the Track and Trace process.

Published 17 Apr, 2021 10:08am

Business & Finance

Standing Committee on Finance approve funds for projects in Punjab

As per details, funds will be released for various development projects in Lahore, Mianwali, Sahiwal and other cities.

Published 16 Apr, 2021 02:10pm

Gainers
Losers
Leaders

Stock	Price
Bilal Fibres / Apr 21 Bilal Fibres Limited(BILF)	1.85 ▲ 0.20 (12.12%)
Pak Gulf Leas. / Apr 21 Pak-Gulf Leasing Company Limited(PGLC)	9.30 ▲ 0.95 (11.38%)
Sana Ind. (R) / Apr 21 Sana Industries (R)(SNAIR)	12.01 ▲ 1.00 (9.08%)
Dawood Equities / Apr 21 Dawood Equities Limited(DEL)	5.50 ▲ 0.45 (8.91%)
Service Fab. / Apr 21 Service Fabrics Limited(SERF)	13.35 ▲ 1.00 (8.10%)
Service Tex. / Apr 21 Service Industries Textiles Limited(SERT)	13.61 ▲ 1.00 (7.93%)
Telecard / Apr 21 Telecard Limited(TELE)	13.87 ▲ 1.00 (7.77%)
AKD Capital Ltd / Apr 21 AKD Capital Limited(AKDCL)	451.50 ▲ 31.50 (7.50%)
Imperial Ltd / Apr 21 Imperial Limited(IML)	27.96 ▲ 1.95 (7.50%)
Tandlianwala / Apr 21 Tandlianwala Sugar Mills Limited(TSML)	133.63 ▲ 9.32 (7.50%)

Stock	Price
Reliance Ins. / Apr 21 Reliance Insurance Company Limited(RICL)	7.06 ▲ -0.84 (-10.63%)
Popular Islamic Mod. / Apr 21 Popular Islamic Modaraba(PIM)	5.00 ▲ -0.50 (-9.09%)
Punjab Oil / Apr 21 Punjab Oil Mills Limited(POML)	203.50 ▲ -16.50 (-7.50%)
Sapphire Tex. / Apr 21 Sapphire Textile Mills Limited(SAPT)	914.83 ▲ -74.17 (-7.50%)
Tata Textile / Apr 21 Tata Textile Mills Limited(TATM)	59.30 ▲ -4.80 (-7.49%)
Bal. Wheel / Apr 21 Baluchistan Wheels Limited(BWHL)	55.20 ▲ -4.36 (-7.32%)
Nagina Cot. / Apr 21 Nagina Cotton Mills Limited(NAGC)	48.60 ▲ -3.81 (-7.27%)
MCB-Arif Habib / Apr 21 MCB-Arif Habib Savings and Invest(MCBAH)	37.10 ▲ -2.90 (-7.25%)
Apna Microfin.Bank / Apr 21 Apna Microfinance Bank Limited(AMBL)	20.00 ▲ -1.50 (-6.98%)
Crescent Fib. / Apr 21 Crescent Fibres Limited(CFL)	51.21 ▲ -3.79 (-6.89%)

Stock	Volume
Unity Foods / Apr 21 Unity Foods Limited(UNITY)	28,770,832 ▼ 0.00
TRG Pak. / Apr 21 TRG Pakistan Limited(TRG)	26,992,080 ▼ 0.00
Worldcall / Apr 21 Worldcall Telecom Limited(WTL)	24,801,500 ▼ 0.00
Telecard / Apr 21 Telecard Limited(TELE)	15,467,000 ▼ 0.00
Ghani Global Hold. / Apr 21 Ghani Global Holdings Limited(GGL)	14,259,500 ▼ 0.00
Byco Petr. / Apr 21 Byco Petroleum Pakistan Limited(BYCO)	8,808,500 ▼ 0.00
Bal. Glass / Apr 21 Balochistan Glass Limited(BGL)	8,099,000 ▼ 0.00
Media Times / Apr 21 Media Times Limited(MDTL)	6,993,000 ▼ 0.00
Flying Cement (R) / Apr 21 Flying Cement Company (R)(FLYNGR)	6,098,500 ▼ 0.00
Silkbank / Apr 21 Silkbank Limited(SILK)	5,209,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 20	153.00
USD PKR Interbank Buying / Apr 20	152.90
USD to Japanese Yen / Apr 20	108.07
USD to Swiss Franc / Apr 20	0.92
Pound Sterling to USD / Apr 20	1.39
Euro to USD / Apr 20	1.20
UK LIBOR % / Apr 20	0.07

Stock	Volume
S&P 500 / Apr 20	4134.94
India Sensex / Apr 20	47705.80
Tokyo Nikkei / Apr 20	29100.38
Nasdaq / Apr 20	13788.27
Hang Seng / Apr 20	29135.73
FTSE 100 / Apr 20	6859.87
Dow Jones / Apr 20	33821.30
Germany DAX 30 / Apr 20	15129.51
France CAC40 / Apr 20	6165.11

Item	Value
Crude Oil / Apr 20	62.67
Karachi Cotton Assoc. / Apr 20	10800.00
Gold 10 Grams / Apr 20	94564.00
Gold Spot / Apr 20	1778.40
Cotton / Apr 20	85.17

Ali Ahmed

Cabinet ratifies decision of customs duty withdrawal on cotton yarn import

Pakistan installs 4G Mobile Tower at K2 base camp

Former FBR chief urges Tarin to make fundamental corrections

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

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

Pakistan suffers further drop on Inclusive Internet Index

UAE extends $ 2bn loan repayment period for Pakistan

Tarin's target of achieving 6-7pc GDP growth not an easy task, says expert

Finance Minister Tarin kicks off budget preperation

NAB recovered Rs 321bn from corrupt elements in 2020

Meeting IMF conditions biggest challenge for Tarin, says Expert

Govt, MPCL sign agreement, allowing removal of dividend distribution cap

Hackers scamming taxpayers through fake emails, warns FBR

Federal govt bans import of conventional syringes

Karachi traders say will not follow Sindh govt new SOPs

FBR drafting new rules to curb sale of unregistered cigarette brands in Pakistan

Despite Covid-19, Pakistan’s economy struggling less than regional countries: Report

Circular debt build-up has made power sector financially challenging, says Azhar

WB, FBR discuss ‘Pakistan Raises Revenue’ program

Standing Committee on Finance approve funds for projects in Punjab

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