News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Despite decline, Pakistan exports remain over $2bn for 5th consecutive month

The advisor informed that the country’s exports for Feb-2021 stand at $2,044 million as compared to $2,140 million for Feb-2020, showing a decline of 4.5 percent.

Published 01 Mar, 2021 04:34pm

Business & Finance

Pakistan to make renewable transition with launch of first-ever Green Bond

The Special Assistant informed that the incumbent government is trying to pilot a ‘Nature Bond’ which can “link the retirement of sovereign debt with quantifiable nature performance.”

Published 01 Mar, 2021 03:47pm

Business & Finance

Pakistan among world’s largest manpower provider for online services

The advisor informed that most of the technical manpower is from the IT services sector.

Published 01 Mar, 2021 02:34pm

Business & Finance

Ogra raises LPG cylinder rate by over Rs21

According to the OGRA notification, the price of LPG has been increased by Rs 1.84 per kg, bringing the new price of LPG to Rs 159.74 per kg.

Published 01 Mar, 2021 01:04pm

Business & Finance

Pakistani Payment app aims to generate thousands of employment opportunities

“With the point of sale more women and young entrepreneurs will be able to open the business and do transactions.”

Published 01 Mar, 2021 12:30pm

Business & Finance

Pakistan Oxygen to build multi-million Electrode Manufacturing Plant

The company informed that the plant would feature the latest European technology and is expected to commence production by early 2022.

Published 01 Mar, 2021 10:48am

Business & Finance

Despite COVID pandemic FBR exceeds revenue target on back of economic uptick

The net collection for the month of February was Rs.343 billion against a required target of Rs.325 billion, representing an increase of 8pc.

Published 01 Mar, 2021 10:13am

Business & Finance

Pakistan, KSA agree to cooperate in the field of Tax & Customs

It was agreed at the meeting that the two countries would take steps to promote cooperation on bilateral relations related to customs and taxes and the relevant institutions of the two countries would adopt each other's best practices.

Published 27 Feb, 2021 04:02pm

Business & Finance

Govt to build multi-billion modern train structure from Islamabad to Murree

The minister was replying to a twitterati who called for modern trains similar to what we see in Europe and the developed world to enjoy the scenic beauty, especially of the northern areas.

Published 27 Feb, 2021 02:58pm

Business & Finance

Pakistan’s economic growth prospects showing signs of improvement

Taking all these observations into account, YoY inflation for next month may remain between 5.5−7.5 percent.
The Monthly Economic Indicator (MEI), which is based on combining monthly data of indicators that are proven to be correlated with GDP at constant prices shows continued strong growth in January, in continuation with what was observed in the previous seven months.

Published 27 Feb, 2021 12:59pm

Business & Finance

World Bank provide $12mn grant for FATA temporarily displaced

Minister for Economic Affairs, Makhdum Khusro Bakhtyar witnessed the signing ceremony of Additional Grant Agreement of “FATA Temporarily Displaced Persons Emergency Recovery Project” worth $12 million with the World Bank.

Published 27 Feb, 2021 12:04pm

Business & Finance

This financial expert told us about the Pakistan, Qatar LNG deal weeks ago

He said that the deal would be a long-term contract for 2 cargos per month at 20-25 percent discount to the existing deal.

Published 27 Feb, 2021 11:16am

Business & Finance

Major hike in POL rates in the offing

According to details, OGRA has proposed an increase in the price of petrol by Rs 20.7 per liter, a summary of which has been sent to the Petroleum Division.

Published 26 Feb, 2021 04:09pm

Business & Finance

Pakistan signs LNG agreement with Qatar, deal to save $300mn annually: PM

He said it took the government three years to negotiate this agreement which will help save $300 million annually.

Updated 26 Feb, 2021 07:14pm

Technology

Singapore based video content platform continues to gain traction in Pakistan

“We are thrilled to be among the top most downloaded applications in Pakistan,” said a spokesperson from Likee.

Published 26 Feb, 2021 02:22pm

Business & Finance

Pakistan remains committed towards completion of FATF Action Plan, says Azhar

Azhar said that FATF is itself admitting that Pakistan has completed 90pc of its Action Plan target.

Updated 26 Feb, 2021 07:36pm

Business & Finance

As online banking rise in Pakistan so too customer complaints

It was learnt that the Banking Ombudsman received 15,600 complaints in 2019 but the number of complaints reached 25,500 in 2020 which shows an increase of 63 percent in one year.

Published 26 Feb, 2021 11:45am

Business & Finance

Pakistan has completed 90pc of its FATF Action Plan: Hammad

The minister who also leads the Pakistani delegation at the FATF, in a series of tweets said Pakistan completed with 24 out of 27 items rated as largely addressed and remaining three items partially addressed.

Published 26 Feb, 2021 10:26am

Business & Finance

How much FATF grey-listing cost Pakistan’s economy?

The study results suggest that FATF grey-listing, starting in 2008 and till 2019, may have resulted in cumulative real GDP losses of approximately $38bn.

Published 25 Feb, 2021 04:16pm

Business & Finance

SBP amends clauses to facilitate Housing Finance & Capital Market

The SBP has also allowed banks/DFIs to use their names with their own SPVs in compliance with applicable laws, however, banks/DFIs’ names shall not be used in the RMBS/CMBS issued by such SPVs.

Published 25 Feb, 2021 02:22pm

Gainers
Losers
Leaders

Stock	Price
KASB Mod. / Mar 2 KASB Modaraba(KASBM)	3.20 ▲ 0.40 (14.29%)
Colony Textile / Mar 2 Colony Textile Mills Limited(CTM)	6.80 ▲ 0.53 (8.45%)
Fazal Cloth / Mar 2 Fazal Cloth Mills Limited(FZCM)	210.70 ▲ 14.70 (7.50%)
Indus Dyeing / Mar 2 Indus Dyeing & Manufacturing Co. Limited(IDYM)	644.44 ▲ 44.96 (7.50%)
S. S. Oil / Mar 2 S.S.Oil Mills Limited(SSOM)	92.45 ▲ 6.45 (7.50%)
Suraj Cotton / Mar 2 Suraj Cotton Mills Limited(SURC)	251.55 ▲ 17.55 (7.50%)
Tandlianwala / Mar 2 Tandlianwala Sugar Mills Limited(TSML)	158.06 ▲ 11.02 (7.49%)
Shabbir Tiles / Mar 2 Shabbir Tiles & Ceramics Limited(STCL)	26.88 ▲ 1.87 (7.48%)
Crescent Fib. / Mar 2 Crescent Fibres Limited(CFL)	66.99 ▲ 4.64 (7.44%)
Sunrays Tex. / Mar 2 Sunrays Textile Mills Limited(SUTM)	865.00 ▲ 59.76 (7.42%)

Stock	Price
First Punjab Mod. / Mar 2 First Punjab Modaraba(FPJM)	3.02 ▲ -0.93 (-23.54%)
Saudi Pak Leas. / Mar 2 Saudi Pak Leasing Company Limited(SPLC)	1.40 ▲ -0.20 (-12.50%)
Universal Ins. / Mar 2 The Universal Insurance Company Limited(UVIC)	4.45 ▲ -0.54 (-10.82%)
1st Dawood / Mar 2 First Dawood Investment Bank Limited(FDIBL)	3.00 ▲ -0.32 (-9.64%)
Redco Tex. / Mar 2 Redco Textiles Limited(REDCO)	7.00 ▲ -0.70 (-9.09%)
Dewan Farooq. Spin. / Mar 2 Dewan Farooque Spinning Mills Limited(DFSM)	2.80 ▲ -0.26 (-8.50%)
Tri-Star Power / Mar 2 Tri-Star Power Limited(TSPL)	5.26 ▲ -0.45 (-7.88%)
Invest Cap. Bank / Mar 2 Invest Capital Investment Bank Limited(ICIBL)	3.05 ▲ -0.26 (-7.85%)
Dandot Cement / Mar 2 Dandot Cement Company Limited(DNCC)	11.03 ▲ -0.92 (-7.70%)
PICIC Insurance / Mar 2 PICIC Insurance Limited(PIL)	1.44 ▲ -0.12 (-7.69%)

Stock	Volume
Azgard Nine / Mar 2 Azgard Nine Limited(ANL)	31,723,500 ▼ 0.00
TRG Pak. / Mar 2 TRG Pakistan Limited(TRG)	24,599,249 ▼ 0.00
Unity Foods / Mar 2 Unity Foods Limited(UNITY)	21,189,731 ▼ 0.00
Hum Network / Mar 2 Hum Network Limited(HUMNL)	20,527,500 ▼ 0.00
Byco Petr. / Mar 2 Byco Petroleum Pakistan Limited(BYCO)	18,135,500 ▼ 0.00
Ghani Global Hold. / Mar 2 Ghani Global Holdings Limited(GGL)	17,518,000 ▼ 0.00
Maple Leaf / Mar 2 Maple Leaf Cement Factory Limited(MLCF)	12,115,118 ▼ 0.00
K-Electric Ltd / Mar 2 K-Electric Limited(KEL)	9,206,500 ▼ 0.00
Worldcall / Mar 2 Worldcall Telecom Limited(WTL)	9,074,000 ▼ 0.00
Telecard / Mar 2 Telecard Limited(TELE)	9,041,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 2	158.00
USD PKR Interbank Buying / Mar 2	157.90
USD to Japanese Yen / Mar 2	106.88
USD to Swiss Franc / Mar 2	0.92
Pound Sterling to USD / Mar 2	1.39
Euro to USD / Mar 2	1.20
UK LIBOR % / Mar 2	0.08

Stock	Volume
S&P 500 / Mar 2	3901.82
India Sensex / Mar 2	49849.84
Tokyo Nikkei / Mar 2	29892.14
Nasdaq / Mar 2	13588.83
Hang Seng / Mar 2	29452.57
FTSE 100 / Mar 2	6588.53
Dow Jones / Mar 2	31535.51
Germany DAX 30 / Mar 2	14012.82
France CAC40 / Mar 2	5792.79