News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Pakistan

CAA to take action, if found smoking in cockpit, cabin

The CAA has asked all operators to ensure a culture of non-smoking in the cockpit.

Published Jul 11, 2020 02:47pm

Business

Pakistan will turn into 'Technological Superpower' in 10 years, says Fawad

“In the next phase, Health City is being set up on 200 acres of land in Faisalabad and Science and Technology Special Economic Zones will be built in Lahore, Karachi, and Islamabad," says Fawad.

Published Jul 11, 2020 02:01pm

Pakistan

Sindh sanctions Adhoc Relief Allowance-2020 for govt employees

As per the memo, the allowance will be subject to income tax, and will not be admissible to the employees during the tenure of their posting/ deputation abroad.

Published Jul 11, 2020 01:21pm

Pakistan

Cattle markets to be set up on outskirts of the cities: NCOC

The NCOC was informed that the World Health Organization (WHO) has acknowledged Pakistan’s efforts to contain COVID-19 and termed Pakistani data accurate.

Published Jul 11, 2020 12:10pm

Pakistan

Making history, Pakistan born Asifa to lead biology, medicine at Max Planck Society

Born in 1971 in Karachi Pakistan, Asifa is the first international female Vice President in the Biology and Medicine Section.
Asifa would now be in charge of the Institutes of medicine section and will also be the contact person for the Max Planck Schools.

Updated Jul 11, 2020 04:46pm

Markets

PSX updates trading hours

For Friday trading will take place in two sessions i.e. the first session will begin from 9:15 am to 12 pm, whereas, the second session would resume after Friday prayers at 2:30pm and would continue till 4:30pm.

Published Jul 10, 2020 04:34pm

Business

Major shopping malls chain in Karachi waive off rentals, as economic slowdown continues

“We can understand economic challenges that are being faced by the organizations due to COVID-19,” said the management.

Published Jul 10, 2020 02:33pm

Business

Govt to give loans for establishing Utility Stores franchise under Kamyab Jawan Program

Loans will be given for the establishment of Utility Stores franchises ensuring that loans are secured.

Published Jul 10, 2020 12:18pm

Business

Pakistan economy to gradually ‘recover’ in 2021: IMF

Pakistan’s near-term economic outlook has worsened notably, and growth is estimated at –0.4 percent in FY 2020.

Published Jul 10, 2020 11:29am

Pakistan

Power outage continues in Karachi

According to experts, the poor transmission system of KE and the reduction in production is the main reason for the power outage.

Published Jul 10, 2020 11:08am

Business

NEPRA to hold public hearing against KE tomorrow

Since last month, K Electric has started a series of unannounced and unannounced load-shedding under the pretext of furnace oil and gas supply, which has left the citizens helpless amid soaring temperatures.

Published Jul 09, 2020 04:39pm

Business

This Pakistani company will make sportswear for the German football team

It was learned that the Pakistani company who has booked the order from the German luxury brand would be making t-shirts for the German national football team.

Published Jul 09, 2020 03:25pm

Business

Omar Ayub blames KE for not improving system, as govt to provide additional power

The minister told the House, that they are providing an additional 100 megawatts of electricity to the KE, which is more than the contract agreement signed with it.
The government will provide more gas to the KE, which will result in generating 200MW of electricity.

Updated Jul 09, 2020 03:40pm

Business

US IDFC keen to finance projects in Pakistan

Boehler stated that funds are available through both debt and equity to finance projects in the private sector in several fields and also for infrastructure projects in the Public-Private Partnership (PPP) mode.

Published Jul 09, 2020 01:34pm

Business

Indonesia’s Lion Air eager to commence operations in Pakistan

Amri said Lion Air of Indonesia wanted to start flights from Pakistan, and negotiations with the aviation officials were already underway.

Published Jul 09, 2020 12:03pm

Business

Power outage cripples Punjab

Contrary to the claims of Lahore Electric Supply Company (LESCO) officials in the suburbs of Lahore, unannounced load shedding is increasing instead of decreasing.

Published Jul 09, 2020 11:26am

Business

TMB reports Rs18bn in revenue FY2019

A two-fold increase in Year-Over-Year wallet accounts was witnessed with more than 3 million increase in monthly active users as compared to 2018.
Easypaisa App users increased by about 300% to over 2 million representing the highest number of users of any financial app in Pakistan.

Published Jul 09, 2020 10:51am

Business

SBP slashes markup to boost long term investment

The SBP has announced to reduces markup rate on investment under SBP’s Temporary Economic Refinance Facility (TERF) to 5 percent from the previous 7pc.

Published Jul 08, 2020 04:14pm

Business

Pakistan manufacturing agricultural drones to combat locusts attack

“Pakistan's drone technology is among the most modern in the world,” said Federal Minister for Science and Technology, Chaudhry Fawad Hussain in a tweet post, while sharing video footage of the drone.

Published Jul 08, 2020 03:41pm

Business

DG Khan Cement to export cement to Philippines

The latest export orders would be boon for Pakistan exports, which has declined by 6.8 percent during 2019-20, due to the economic slowdown which has been brought in by the coronavirus pandemic.

Published Jul 08, 2020 12:57pm

Gainers
Losers
Leaders

Stock	Price
Dewan Tex. / Jul 11 Dewan Textile Mills Limited(DWTM)	2.0000 ▲ (0.20%) (11.11%)
Escorts Bank / Jul 11 Escorts Investment Bank Limited(ESBL)	9.5500 ▲ (0.80%) (9.14%)
Shaheen Ins. / Jul 11 Shaheen Insurance Company Limited(SHNI)	3.6400 ▲ (0.24%) (7.06%)
Bolan Castings / Jul 11 Bolan Castings Limited(BCL)	55.3400 ▲ (2.84%) (3.35%)
Azgard Nine / Jul 11 Azgard Nine Limited(ANL)	15.2182 ▲ (0.82%) (2.78%)
Aisha Steel / Jul 11 Aisha Steel Mills Limited(ASL)	11.0500 ▲ (0.95%) (2.48%)
Colony Textile / Jul 11 Colony Textile Mills Ltd.(CTM)	4.4000 ▲ (0.20%) (2.38%)
Sitara Peroxide / Jul 11 Sitara Peroxide Limited(SPL)	22.9000 ▲ (1.20%) (2.12%)
Engro Fertilizers / Jul 11 Engro Fertilizers Limited(EFERT)	64.8915 ▲ (2.09%) (2.01%)
Buxly / Jul 11 Buxly Paints Limited(BUXL)	44.8750 ▲ (0.88%) (1.99%)

Stock	Price
Kohinoor Sp. / Jul 11 Kohinoor Spinning Mills Limited(KOSM)	2.2143 ▼ (0.20%) (-8.54%)
Ghazi Fab. / Jul 11 Ghazi Fabrics International Limited(GFIL)	3.0900 ▼ (0.27%) (-8.44%)
Pervez Ahmed Cons. / Jul 11 Pervez Ahmed Consultancy Services Ltd.(PASL)	0.8500 ▼ (0.07%) (-7.94%)
A. Shah Ghazi / Jul 11 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	2.3500 ▼ (0.15%) (-6.38%)
Ruby Tex. / Jul 11 Ruby Textile Mills Limited(RUBY)	8.3000 ▼ (0.30%) (-3.61%)
Pace (Pakistan) / Jul 11 Pace (Pakistan) Limited(PACE)	2.3962 ▼ (0.17%) (-3.04%)
ECOPACK / Jul 11 Ecopack Limited(ECOP)	21.5000 ▼ (0.85%) (-2.98%)
Rupali / Jul 11 Rupali Polyester Limited(RUPL)	18.5100 ▼ (0.51%) (-2.76%)
Friesland. Engro / Jul 11 Frieslandcampins Engro Foods Limited(FCEPL)	74.4840 ▼ (4.49%) (-2.65%)
Thal LTD / Jul 11 Thal Limited(THALL)	344.5000 ▼ (8.50%) (-2.47%)

Stock	Volume
Unity Foods / Jul 11 Unity Foods Limited(UNITY)	18,516,000 ▼ (0.40%)
Aisha Steel / Jul 11 Aisha Steel Mills Limited(ASL)	12,060,000 ▼ (0.95%)
Pak Elektron / Jul 11 Pak Elektron Limited(PAEL)	10,127,500 ▼ (0.98%)
Hascol Petroleum / Jul 11 Hascol Petroleum Limited(HASCOL)	9,751,000 ▼ (0.17%)
TRG Pak. / Jul 11 TRG Pakistan Limited(TRG)	8,686,500 ▼ (0.67%)
Pak Int.Bulk Ter / Jul 11 Pakistan International Bulk Terminal Limited(PIBTL)	5,910,500 ▼ (0.19%)
Maple Leaf / Jul 11 Maple Leaf Cement Factory Limited(MLCF)	5,596,000 ▼ (0.50%)
Bank of Punjab / Jul 11 The Bank of Punjab(BOP)	4,549,000 ▼ (0.33%)
Lotte Chemical / Jul 11 Lotte Chemical Pakistan Limited(LOTCHEM)	3,981,000 ▼ (0.30%)
Worldcall / Jul 11 Worldcall Telecom Limited(WTL)	3,979,000 ▼ (0.04%)

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Jul 11	166.40
USD PKR Interbank Buying / Jul 11	166.10
USD to Japanese Yen / Jul 11	106.93
USD to Swiss Franc / Jul 11	0.94
Pound Sterling to USD / Jul 11	1.26
Euro to USD / Jul 11	1.13

Stock	Volume
S&P 500 / Jul 11	3185.04
India Sensex / Jul 11	36594.33
Tokyo Nikkei / Jul 11	22290.81
Nasdaq / Jul 11	10617.44
Hang Seng / Jul 11	25727.41
FTSE 100 / Jul 11	6095.41
Dow Jones / Jul 11	26075.30
Germany DAX 30 / Jul 11	12633.71
France CAC40 / Jul 11	4970.48

Indicator	Value
Weekly Foreign Reserves / Jul 9	17971.90
Foreign Debt / Jul 9	15087.50
Per Capita Income (CPI) / Jul 9	1516.00
Average CPI / Jul 9	11.11
UK LIBOR / Jul 11	0.35

Business Recorder

Ali Ahmed

CAA to take action, if found smoking in cockpit, cabin

Pakistan will turn into 'Technological Superpower' in 10 years, says Fawad

Sindh sanctions Adhoc Relief Allowance-2020 for govt employees

Cattle markets to be set up on outskirts of the cities: NCOC

Making history, Pakistan born Asifa to lead biology, medicine at Max Planck Society

PSX updates trading hours

Major shopping malls chain in Karachi waive off rentals, as economic slowdown continues

Govt to give loans for establishing Utility Stores franchise under Kamyab Jawan Program

Pakistan economy to gradually ‘recover’ in 2021: IMF

Power outage continues in Karachi

NEPRA to hold public hearing against KE tomorrow

This Pakistani company will make sportswear for the German football team

Omar Ayub blames KE for not improving system, as govt to provide additional power

US IDFC keen to finance projects in Pakistan

Indonesia’s Lion Air eager to commence operations in Pakistan

Power outage cripples Punjab

TMB reports Rs18bn in revenue FY2019

SBP slashes markup to boost long term investment

Pakistan manufacturing agricultural drones to combat locusts attack

DG Khan Cement to export cement to Philippines

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This Pakistani company will make sportswear for the German football team