News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Perspectives

Fuel subsidy: an unwanted gift?

The ongoing saga of Pakistan’s economic crisis continues to take sharp twists and turns each passing day as the...

Published 24 Mar, 2023 07:24pm

Business & Finance

MPC meeting on March 2: market expects 200bps hike in key policy rate

In a widely expected move, the State Bank of Pakistan (SBP) on Tuesday morning announced that its Monetary Policy...

Updated 28 Feb, 2023 04:59pm

Business & Finance

DHL Pakistan suspends 'Import Express Product' from March 15

Restrictions on outward remittances for foreign companies cited as reason

Published 27 Feb, 2023 07:11pm

Technology

Pakistan’s 'sustainable fashion' platform Swag Kicks raises $1.2mn seed funding

Swag Kicks, which calls itself a sustainable fashion platform for Millennials and Gen-Z Pakistanis, announced on...

Updated 16 Feb, 2023 04:18pm

Markets

Dollar released from Dar(kness): Pakistan moves to convince IMF

As the PKR endured its worst day in over two decades (in terms of percentage loss), many say this is a step towards reviving the stalled bailout programme

Updated 26 Jan, 2023 10:03pm

Markets

FCY: how did open market behave after Exchange Companies lifted the price cap

All eyes were on the open market of foreign currency on Wednesday after the Exchange Companies (ECs) lifted what...

Updated 26 Jan, 2023 03:57am

Perspectives

Summing up one of Pakistan's worst economic crisis

Pakistan’s economy is currently passing through one of its worst phases in history, as the cash-strapped country...

Updated 18 Jan, 2023 10:47am

Pakistan

Steel shortage in offing: Pakistan's construction sector under threat

Brokerage house says as per its checks local players will run out of steel raw material and become forcefully non-operational if no LCs are opened within the next 30 days

Published 17 Jan, 2023 04:29pm

Pakistan

Experts react as Pakistan manages to secure pledges of over $8.5bn in Geneva

During first plenary alone, Pakistan saw commitments of over the targeted amount

Updated 09 Jan, 2023 08:29pm

Pakistan

Bleak times ahead for Pakistan’s manufacturing sector

Expert says temporary shutdown seems to be the only available option at the moment

Updated 04 Jan, 2023 04:40pm

Perspectives

Make the tough choices: it is now or never

People are likely to come to terms with tough actions right now. Its the inaction that would be difficult to explain later

Published 02 Jan, 2023 04:20pm

Markets

Arif Habib Limited expects KSE-100's recovery in 2023

Despite a poor show in 2022, one of Pakistan’s prominent brokerage houses expects the benchmark KSE-100 Index to...

Updated 02 Jan, 2023 03:42pm

Markets

Pakistan's Rupee sees its worst year since 2008 meltdown

PKR lost 22% during 2022, depreciating from 176.51 to 226.43 against the US dollar in the inter-bank market

Updated 01 Jan, 2023 01:19pm

Markets

Asset classes and their performance in Pakistan: all that glittered in 2022 was gold

USD-denominated Naya Pakistan Certificates and US dollar were placed second and third, respectively

Published 27 Dec, 2022 05:24pm

Pakistan

Pakistan would need another IMF programme post elections: report

Brokerage house AHL also expects rupee-dollar parity to hit 263 by end of 2023

Updated 22 Dec, 2022 04:53pm

Markets

As Pakistan reels from dollar shortage, customers lured towards 'grey' market premiums

Inter-bank and open-market rates have only become wider in recent days

Published 16 Dec, 2022 07:06pm

Markets

Searle Pakistan looks to raise Rs3.24bn through IPO

Searle Pakistan Limited (SPL), formerly OBS Pakistan Pvt Limited and a subsidiary of The Searle Company Limited...

Published 15 Dec, 2022 04:40pm

Markets

Pakistan: where formal channels suffer, and 'grey' markets prosper

Pakistan’s inability to curb the rise of smuggling and enforce regulation has enabled the ‘grey’ currency market to...

Updated 14 Dec, 2022 07:57pm

Pakistan

Facing massive economic headwinds, companies in Pakistan struggle to keep operations going

Facing energy shortages and an overall decline in demand, companies in Pakistan are either announcing shutdown of...

Updated 12 Dec, 2022 07:35pm

Pakistan

End of FY23: JPMorgan has penciled in another 400bps rate-hike, but experts disagree

Market experts disagreed with JPMorgan, a leading global financial institution that penciled in an interest rate...

Published 10 Dec, 2022 04:45pm

Gainers
Losers
Leaders

Stock	Price
Pak Gen.Ins. / Mar 29 The Pakistan General Insurance Co. Ltd.(PKGI)	4.42 ▲ 0.62 (16.32%)
Popular Islamic / Mar 29 Popular Islamic Modaraba(PIM)	8.15 ▲ 1.00 (13.99%)
KASB Modaraba / Mar 29 KASB Modaraba(KASBM)	1.24 ▲ 0.15 (13.76%)
Invest Bank / Mar 29 Invest Capital Investment Bank Limited(ICIBL)	1.19 ▲ 0.10 (9.17%)
Khyber Tex. / Mar 29 Khyber Textile Mills Limited(KHYT)	369.70 ▲ 25.79 (7.50%)
J.K.Spinning / Mar 29 J.K. Spinning Mills Limited(JKSM)	43.32 ▲ 3.02 (7.49%)
Khairpur / Mar 29 Khairpur Sugar Mills Limited(KPUS)	67.61 ▲ 4.71 (7.49%)
Quetta Textile / Mar 29 Quetta Textile Mills Limited(QUET)	15.22 ▲ 1.06 (7.49%)
Zahid Jee Textile / Mar 29 Zahidjee Textile Mills Limited(ZAHID)	26.87 ▲ 1.87 (7.48%)
Shield Corp. / Mar 29 Shield Corporation Limited(SCL)	304 ▲ 20.89 (7.38%)

Stock	Price
Pak. P.V.C. / Mar 29 Pakistan PVC Limited(PPVC)	3.91 ▼ -0.99 (-20.20%)
First Pak Mod. / Mar 29 First Pak Modaraba(PAKMI)	1.20 ▼ -0.20 (-14.29%)
Bilal Fibres / Mar 29 Bilal Fibres Limited(BILF)	2.15 ▼ -0.29 (-11.89%)
Unicap Modaraba / Mar 29 Unicap Modaraba(UCAPM)	1.61 ▼ -0.19 (-10.56%)
U.D.L.Modaraba / Mar 29 First UDL Modaraba(FUDLM)	4.71 ▼ -0.49 (-9.42%)
Media Times Ltd / Mar 29 Media Times Limited(MDTL)	1.82 ▼ -0.16 (-8.08%)
Ghazi Fabrics / Mar 29 Ghazi Fabrics International Limited(GFIL)	4.07 ▼ -0.34 (-7.71%)
Saritow Spinning / Mar 29 Saritow Spinning Mills Limited(SSML)	4.03 ▼ -0.33 (-7.57%)
Metro Steel / Mar 29 Metropolitan Steel Corporation Limited(MSCL)	27.39 ▼ -2.22 (-7.50%)
Nimir Ind.Chem. / Mar 29 Nimir Industrial Chemicals Limited(NICL)	57.77 ▼ -4.68 (-7.49%)

Stock	Volume
Telecard Limited / Mar 29 Telecard Limited(TELE)	23,781,500 ▼ -0.33
WorldCall Telecom / Mar 29 Worldcall Telecom Limited(WTL)	9,342,048 ▼ -0.02
Pakistan Alumin / Mar 29 Pakistan Aluminium Beverage Cans Limited(PABC)	7,635,500 ▼ -2.29
Pak Int.Bulk / Mar 29 Pakistan International Bulk Terminal(PIBTL)	5,999,500 ▼ -0.17
Nishat Mills Ltd / Mar 29 Nishat Mills Limited(NML)	4,517,772 ▼ -0.92
Shifa Int.Hosp / Mar 29 Shifa International Hospitals Limited(SHFA)	4,299,000 ▲ 8.00
Pak Elektron / Mar 29 Pak Elektron Limited(PAEL)	4,048,000 ▼ -0.07
K-Electric Ltd. / Mar 29 K-Electric Limited(KEL)	3,769,542 ▼ -0.02
Habib Bank / Mar 29 Habib Bank Limited(HBL)	3,527,993 ▼ -1.26
D.G.K.Cement / Mar 29 D.G. Khan Cement Company Limited(DGKC)	3,430,473 ▼ -0.07

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 29	284
USD PKR Interbank Buying / Mar 29	283.40
USD to Japanese Yen / Mar 29	131.67
USD to Swiss Franc / Mar 29	0.92
Pound Sterling to USD / Mar 29	1.23
Euro to USD / Mar 29	1.08
UK LIBOR % / Mar 28	4.81

Stock	Volume
S&P 500 / Mar 28	3971.27
Nasdaq / Mar 28	11716.08
Dow Jones / Mar 28	32394.25
India Sensex / Mar 29	57772.50
Tokyo Nikkei / Mar 29	27883.78
Hang Seng / Mar 29	20191.68
FTSE 100 / Mar 29	7506.30
Germany DAX 30 / Mar 29	15242.54
France CAC40 / Mar 29	7139.99

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 28	18935
Gold 10 Grams PKR / Mar 28	175411
Crude Oil USD/Barrel / Mar 29	73.63
Gold Spot USD/Ounce / Mar 29	1966.74
Cotton US¢/pound / Mar 29	82

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