News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Razak Dawod urges exporters to send proposal for Pak-Afghan PTA

“I request all exporters to send their proposals to MOC at the earliest. Bilateral trade with Afghanistan has to be placed on a sustainable growth path,” he added.

Published 26 Nov, 2020 03:57pm

Business & Finance

TPL Insurance Becomes Pakistan’s First Insurance Member of UNEP FI

The UNEP FI is a strategic partnership between the UN Environment Program and the global financial sector to advance sustainable finance.

Published 26 Nov, 2020 02:19pm

Technology

China terms India’s latest app ban as ‘glaring violation of market principles’

"These moves in glaring violation of market principles and WTO rules severely harm the legitimate rights and interests of Chinese companies. China firmly rejects them,” said Foreign Ministry Spokesperson Zhao Lijian in a presser.

Published 26 Nov, 2020 01:11pm

Business & Finance

Over $100mn deposited in Roshan Digital Accounts, $50mn invested in NPCs

The senator further informed that over 44,000 accounts have been opened by “our great Overseas Pakistanis.”

Published 26 Nov, 2020 12:15pm

Business & Finance

International transit activity initiates at Gwadar Port

FBR has already notified International Transshipment Rules vide SRO 218(I)/2020 dated 10.03.2020.

Published 26 Nov, 2020 11:38am

Business & Finance

CAA issues new guidelines for foreign travelers amid second COVID-19 wave

The new Civil Aviation Authority Advisory will remain in effect until December 31, 2020.

Published 26 Nov, 2020 11:17am

Business & Finance

BankIslami chief calls for Collective Efforts to Mitigate Covid-19’s Impact

He went on to say that the asset base of the Islamic banking industry during the July 2019 to June 2020 period grew by 21 percent.

Published 25 Nov, 2020 04:38pm

Technology

India bans dozens of Chinese apps including AliExpress, terming them security threat

India has once again targeted China with web restrictions and has banned 43 applications, including Alibaba Group's application AliExpress, which is being termed as a reaction to the ongoing tension on the Himalayan border.

Published 25 Nov, 2020 02:36pm

Business & Finance

Pakistan economy gathering steam, but vulnerability persists, says SAPM

He said that it remains to be decided whether the IMF review mission would visit Pakistan or conduct a virtual review.

Published 25 Nov, 2020 01:12pm

Business & Finance

CPEC a 'win-win' for both Pakistan, China: Faraz

Faraz said that the promotion of CPEC is in the best interest of Pakistan as it is a Win-Win situation for both countries.

Updated 25 Nov, 2020 02:14pm

Business & Finance

Pakistan sees 'light at the end of the tunnel’ as domestic activity indicators pickup: Baqir

The Governor said that the committee kept unchanged its projection for growth this fiscal year at about 2 percent.

Published 25 Nov, 2020 11:26am

Business & Finance

PM vows to provide full support to textile industry amid historic demand

“The textile sector is one of a number of positive developments in our economy despite COVID 19,” he said.

Published 25 Nov, 2020 10:23am

Business & Finance

Power consumers to reap relief of Rs 300bn owing to govt reforms: Umar

The Federal Minister said that if the electricity rate was raised by Rs 12 per unit as soon as the present government came into power, the circular debt issue would have ended.

Published 24 Nov, 2020 04:26pm

Business & Finance

Traders refuse to follow, urge govt to reconsider new SOPs

The business leaders said that the country's economy, especially the small business sector, could not afford such measures, adding that in the reduced timing, the market would be in a rush, which would increase Coronavirus.

Published 24 Nov, 2020 02:25pm

Technology

Pakistan eyes to enter $90bn gaming industry with upcoming program

The minister in a tweet on Tuesday said that the upcoming program terming it a ‘game-changer’ that would allow Pakistan to penetrate into the $90 billion gaming industry.

Published 24 Nov, 2020 01:02pm

Business & Finance

Tesla’s Elon Musk overtakes Bill Gates as world’s second richest person

The rise of Elon Musk wealth majorly comes from his electric vehicle manufacturing giant Tesla, whose market value is approaching $500bn.

Published 24 Nov, 2020 12:02pm

Business & Finance

China's Xi calls for using QR Code technology to resume global travel

President Xi has given a new proposal to facilitate international tourism suspended due to the coronavirus.

Published 24 Nov, 2020 11:11am

Business & Finance

MPCL enters into JV Agreement for Potential Mining Projects in Balochistan

“As part of its long term growth strategy, MPCL is evaluating multiple opportunities in nearcore and non-core sectors to diversify its business including mineral exploration in the prospective areas of the country,” it added.

Published 24 Nov, 2020 10:23am

Business & Finance

SBP's Monetary Policy Committee maintain policy rate at 7pc

On the inflation front, recent out-turns have been on the higher side, primarily due to increases in food prices.
As per SBP, exports have recovered to their pre-COVID monthly level of around $2 billion in September and October, with the strongest recovery in textiles, rice, cement, chemicals, and pharmaceuticals.

Updated 23 Nov, 2020 04:08pm

Business & Finance

TPL Trakker to Provide Fleet Management Services to Sialkot’s Dry Port

Following the partnership, TPL Trakker will provide SDPT a customized solution catered to address their business needs.

Published 23 Nov, 2020 01:01pm

Gainers
Losers
Leaders

Stock	Price
Askari Gen. / Nov 27 Askari General Insurance Company Limited(AGIC)	24.7700 ▲ 1.27 (5.40%)
AL-Ghazi / Nov 27 Al-Ghazi Tractors Limited(AGTL)	370.0000 ▲ 9.00 (2.49%)
HBL Growth Fund / Nov 27 HBL Growth Fund(HGFA)	8.1000 ▲ 0.30 (1.92%)
S. S. Oil / Nov 27 S.S.Oil Mills Limited(SSOM)	67.0000 ▲ 1.01 (1.53%)
Reliance Ins. / Nov 27 Reliance Insurance Company Limited(RICL)	7.9400 ▲ 0.10 (1.28%)
Saritow Sp. / Nov 27 Saritow Spinning Mills Limited(SSML)	6.0000 ▲ 0.25 (1.22%)
Tata Textile / Nov 27 Tata Textile Mills Limited(TATM)	52.8600 ▲ 0.38 (0.63%)
United Ins. / Nov 27 The United Insurance Company(UNIC)	7.7450 ▲ 0.33 (0.40%)
Power Cement / Nov 27 Power Cement Limited(POWER)	9.6060 ▲ 0.50 (0.33%)
Philip Morris / Nov 27 Philip Morris (Pakistan) Limited(PMPK)	1450.0000 ▲ 34.74 (0.33%)

Stock	Price
First Pak Modaraba / Nov 27 First Pak Modaraba(PAKMI)	1.9300 ▼ 0.42 (-21.76%)
Ravi Textile / Nov 27 Ravi Textile Mills Limited(RAVT)	6.2000 ▼ 0.51 (-14.19%)
Service Tex. / Nov 27 Service Industries Textiles Limited(SERT)	17.5000 ▼ 2.30 (-11.54%)
Khyber Tob / Nov 27 Khyber Tobacco Company Limited(KHTC)	474.3000 ▼ 35.05 (-7.39%)
Gharibwal Cem. / Nov 27 Gharibwal Cement Limited(GWLC)	28.0000 ▼ 3.00 (-7.37%)
Systems Limited / Nov 27 Systems Limited(SYS)	366.0000 ▼ 36.02 (-7.35%)
Dost Steel / Nov 27 Dost Steels Limited(DSL)	5.0280 ▼ 0.88 (-6.77%)
J.A.Textile / Nov 27 J.A. Textile Mills Limited(JATM)	8.4200 ▼ 0.58 (-6.51%)
Crescent Star / Nov 27 Crescent Star Insurance Limited(CSIL)	2.7400 ▼ 0.24 (-6.32%)
Bilal Fibres / Nov 27 Bilal Fibres Limited(BILF)	1.5000 ▼ 0.09 (-6.00%)

Stock	Volume
Fauji Fert. Bin (R) / Nov 27 Fauji Fertilizer Bin Qasim Limited (R)(FFBLR)	20,878,000 ▼ 0.85
TRG Pak. / Nov 27 TRG Pakistan Limited(TRG)	16,909,500 ▼ 5.48
Hum Network / Nov 27 Hum Network Limited(HUMNL)	16,524,000 ▼ 0.40
Maple Leaf / Nov 27 Maple Leaf Cement Factory Limited(MLCF)	15,002,344 ▼ 2.24
Unity Foods / Nov 27 Unity Foods Limited(UNITY)	8,749,500 ▼ 0.46
Power Cement / Nov 27 Power Cement Limited(POWER)	8,249,000 ▼ 0.50
Pakistan Refinery / Nov 27 Pakistan Refinery Limited(PRL)	7,703,500 ▼ 0.85
Fauji Fert. Bin / Nov 27 Fauji Fertilizer Bin Qasim Limited(FFBL)	7,361,500 ▼ 1.55
Pak Int.Bulk Ter / Nov 27 Pakistan International Bulk Terminal Limited(PIBTL)	6,637,500 ▼ 0.38
Hascol Petroleum / Nov 27 Hascol Petroleum Limited(HASCOL)	6,574,294 ▼ 0.61

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Nov 27	159.40
USD PKR Interbank Buying / Nov 27	159.30
USD to Japanese Yen / Nov 27	104.25
USD to Swiss Franc / Nov 27	0.91
Pound Sterling to USD / Nov 27	1.34
Euro to USD / Nov 27	1.19

Stock	Volume
S&P 500 / Nov 27	3629.65
India Sensex / Nov 27	44259.74
Tokyo Nikkei / Nov 27	26537.31
Nasdaq / Nov 27	12094.40
Hang Seng / Nov 27	26819.45
FTSE 100 / Nov 27	6362.93
Dow Jones / Nov 27	29872.47
Germany DAX 30 / Nov 27	13286.57
France CAC40 / Nov 27	5566.79

Indicator	Value
Per Capita Income USD (CPI) / Nov 19	1516.00
Weekly Foreign Reserves / Nov 27	20085.60
UK LIBOR % / Nov 27	0.08
GDPGROWTH / Nov 27	1.00
Foreign Debt (PKR billions) / Nov 27	17000.00
Average CPI % / Nov 27	11.11