News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Markets

Pakistan’s KSE-100 has seen a record year, but how far can the bull run?

Experts say upside still available, but dependent on several factors

Updated 23 Nov, 2023 07:34pm

Technology

Voyage Freight raises $1mn in pre-seed funding

Voyage Freight, which says its Pakistan’s first digital freight forwarder, has secured over $1 million in pre-seed...

Updated 13 Nov, 2023 03:05pm

Pakistan

Poverty headcount in Pakistan reached 39.4% in FY23, projects World Bank

Expects poverty reduction to be gradual in the medium term, owing to weak growth and lower labor income, persistent inflation (especially for food and energy), and lower remittances

Updated 03 Oct, 2023 10:35pm

Markets

Pakistani rupee emerges as world’s best-performing currency in September

Appreciates 6.2% during the month as crackdown on smuggling, illegal exchanges bears fruit

Published 30 Sep, 2023 03:40pm

Markets

Pakistan seeks two LNG cargoes for winter

Pakistan LNG Limited (PLL), a government subsidiary that procures liquefied natural gas (LNG) from the international...

Updated 27 Sep, 2023 07:32pm

Perspectives

Much-needed iron fist comes into play

Pakistan’s economy – which remained a hotbed of developments in recent months – is back in the frontline with a...

Published 25 Sep, 2023 04:32pm

Technology

OPay International confident it has muscle to tap Pakistan’s market

Statement comes after company got SBP approval to fully acquire a commercially active Electronic Money Institution (EMI) licenced company

Published 14 Sep, 2023 06:19pm

Markets

Caretaker govt working on ‘Electricity Theft Control Act’ to curb losses

Crackdown against power theft to start in areas where losses are high, says interim energy minister Muhammad Ali

Updated 06 Sep, 2023 05:56pm

Markets

Open market: rupee recovers after hitting 334 against US dollar during trading

Gap with rate in inter-bank market, however, continues to stay well over IMF-prescribed 1.25%

Updated 04 Sep, 2023 07:11pm

Markets

Analysts expect rate hike of up to 300bps in SBP’s monetary policy announcement

High inflation and currency depreciation seen as reasons behind expected increase in key policy rate

Updated 31 Aug, 2023 07:28pm

Technology

Umar Saif expresses wish to bring PayPal, stripe payment gateways to Pakistan

If the authorities facilitate us, I can increase the IT industry's size from $2.6 billion to $3.5 billion in a couple of months, says caretaker IT minister

Updated 31 Aug, 2023 05:37pm

Markets

Open-market: US dollar hits 315 against rupee as gap with inter-bank rate continues to widen

The US dollar continued to hit new heights against a weakening Pakistani rupee, and reached the 315 level during...

Updated 23 Aug, 2023 08:20pm

Pakistan

For Pakistan’s consumers and industries, economic woes are far from over

Pakistan’s last-minute deal with the International Monetary Fund (IMF) has given Islamabad some breathing room as...

Published 18 Aug, 2023 05:56pm

Markets

Inter-bank & open markets: exchange rate gap starts to breach IMF-defined limit

Average premium between the inter-bank and open market rate will be no more than 1.25 percent during any consecutive 5-business day period, the IMF had said in its country report on Pakistan

Updated 15 Aug, 2023 08:59pm

Perspectives

Agrivoltaics: looking to solve Pakistan’s food and energy conundrum at the same time

In what could only be called the climax moment of a movie that was dragging on, Pakistani authorities managed to...

Published 29 Jul, 2023 04:01pm

Markets

Atlas Honda sees $25mn in exports in MY24: Ismail Iqbal Securities

Atlas Honda Limited (ATLH), manufacturer of motorcycles in Pakistan, expects its exports to hit nearly $25 million...

Updated 19 Jul, 2023 07:30pm

Markets

IMF delves into reasons behind ‘shorter’ programme with Pakistan

Nine-month Stand-By Arrangement provides time to implement policies critical to strengthening Pakistan's economic situation, says IMF’s Director of Strategic Communications Julie Kozack

Updated 14 Jul, 2023 08:59pm

Business & Finance

Irfan Siddiqui’s tenure as CEO/president of Meezan Bank extended

Upon his retirement on Dec 29, 2025, BankIslami's current CEO Syed Amir Ali will assume the roles

Updated 10 Jul, 2023 06:42pm

Markets

Lying in wait for IMF, Pakistani rupee witnesses record depreciation in FY23

Hammered by the deteriorating macroeconomic situation in the country, the Pakistani rupee witnessed a record level...

Published 27 Jun, 2023 07:01pm

Technology

Pakistan’s startup Abhi selected among WEF’s ‘Technology Pioneers’

Pakistan’s financial platform Abhi has been selected as one of the World Economic Forum’s (WEF) ‘Technology...

Published 21 Jun, 2023 03:20pm

Gainers
Losers
Leaders

Stock	Price
Chakwal Spinning / Dec 11 Chakwal Spinning Mills Limited(CWSM)	3.35 ▲ 1.00 (42.55%)
First Elite Cap.Mod / Dec 11 First Elite Capital Modaraba(FECM)	6 ▲ 1.00 (20.00%)
Dar-es-Salaam / Dec 11 Dar-es-Salaam Textile Mills Limited(DSML)	8.49 ▲ 1.00 (13.35%)
Power Cem(Pref) / Dec 11 Power Cement (Pref)(POWERPS)	9.35 ▲ 1.00 (11.98%)
Silk Bank Ltd / Dec 11 Silkbank Limited(SILK)	1.22 ▲ 0.12 (10.91%)
Nazir Cotton Mills / Dec 11 Nazir Cotton Mills Limited(NCML)	4.20 ▲ 0.40 (10.53%)
Treet Corp. (R) / Dec 11 Treet Corporation Limited (R)(TREETR2)	4.28 ▲ 0.36 (9.18%)
Kohinoor Spining / Dec 11 Kohinoor Spinning Mills Limited(KOSM)	4.57 ▲ 0.38 (9.07%)
Tri-Star Mutual / Dec 11 Tri-Star Mutual Fund Limited(TSMF)	5.48 ▲ 0.42 (8.30%)
AEL Textile / Dec 11 AEL Textile Limited(AEL)	26.50 ▲ 1.85 (7.51%)

Stock	Price
Sec. Inv. Bank / Dec 11 Security Investment Bank Limited(SIBL)	4.88 ▼ -0.86 (-14.98%)
Trust Mod. / Dec 11 Trust Modaraba(TRSM)	1.80 ▼ -0.20 (-10.00%)
Next Capital / Dec 11 Next Capital Limited(NEXT)	6 ▼ -0.60 (-9.09%)
Asim Textile / Dec 11 Asim Textile Mills Limited(ASTM)	11.50 ▼ -0.98 (-7.85%)
Crescent Fib. / Dec 11 Crescent Fibres Limited(CFL)	74.02 ▼ -6.00 (-7.50%)
Olympia Mills / Dec 11 Olympia Mills Limited(OML)	14.80 ▼ -1.20 (-7.50%)
Sunrays Textile / Dec 11 Sunrays Textile Mills Limited(SUTM)	111 ▼ -9.00 (-7.50%)
Masood Textile / Dec 11 Masood Textile Mills Limited(MSOT)	53.20 ▼ -4.30 (-7.48%)
J.A.Textile / Dec 11 J.A. Textile Mills Limited(JATM)	47.05 ▼ -3.37 (-6.68%)
JS Investments / Dec 11 JS Investments Limited(JSIL)	17.01 ▼ -1.19 (-6.54%)

Stock	Volume
K-Electric Ltd. / Dec 11 K-Electric Limited(KEL)	342,535,258 ▲ 0.16
WorldCall Telecom / Dec 11 Worldcall Telecom Limited(WTL)	98,557,282 ▲ 0.04
P.T.C.L. / Dec 11 Pakistan Telecommunication Company Ltd(PTC)	58,736,500 ▲ 0.36
Kohinoor Spining / Dec 11 Kohinoor Spinning Mills Limited(KOSM)	56,593,500 ▲ 0.38
Askari Bank / Dec 11 Askari Bank Limited(AKBL)	55,381,500 ▲ 0.56
Fauji Foods Ltd / Dec 11 Fauji Foods Limited(FFL)	47,998,197 ▲ 0.07
Cnergyico PK / Dec 11 Cnergyico PK Limited(CNERGY)	46,684,647 ▼ -0.15
Hascol Petrol / Dec 11 Hascol Petroleum Limited(HASCOL)	43,500,500 ▲ 0.53
Pak Refinery / Dec 11 Pakistan Refinery Limited(PRL)	36,606,909 ▼ -1.70
B.O.Punjab / Dec 11 The Bank of Punjab(BOP)	32,876,325 ▼ -0.02

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 11	284.32
USD PKR Interbank Buying / Dec 11	283.77
USD to Japanese Yen / Dec 11	145.58
USD to Swiss Franc / Dec 11	0.88
Pound Sterling to USD / Dec 11	1.25
Euro to USD / Dec 11	1.08
UK LIBOR % / Dec 8	5.48

Stock	Volume
S&P 500 / Dec 8	4604.37
Nasdaq / Dec 8	14403.97
Dow Jones / Dec 8	36247.87
India Sensex / Dec 11	69967.53
Tokyo Nikkei / Dec 11	32791.80
Hang Seng / Dec 11	16156.22
FTSE 100 / Dec 11	7549.32
Germany DAX 30 / Dec 11	16771.35
France CAC40 / Dec 11	7538.69

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 8	17235
Gold 10 Grams PKR / Dec 8	187414
Crude Oil USD/Barrel / Dec 11	71.63
Gold Spot USD/Ounce / Dec 11	1996.45
Cotton US¢/pound / Dec 11	82.25

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