News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Markets

Pakistan's power generation increases, but so does cost

Output was 7% higher in September, but cost increased 65% year-on-year

Published 21 Oct, 2021 02:38pm

Markets

KSE-100 gains 870 points as investor sentiment soothed on IMF front

Reports of IMF talks moving 'positively' seem to have calmed nerves at stock market

Updated 20 Oct, 2021 06:52pm

Technology

ADB-backed Rider raises $2.3 million in seed round

Karachi-based startup announces raising funds in round led by ADB Ventures, Global Founders Capital, Fatima Gobi Ventures among others

Published 20 Oct, 2021 01:14pm

Business & Finance

Remittances clock in at $2.67 billion in September

Amount nearly 17% higher year-on-year

Published 08 Oct, 2021 06:37pm

Business & Finance

Roshan Digital Accounts: Pace picks up as inflow crosses $2.4 billion in 13 months

Inflow amounting to $297 million received in September alone, over 21% high month-on-month

Updated 08 Oct, 2021 01:22pm

Business & Finance

Rising coal prices spelling trouble for local cement sector: report

Rising commodity prices in international markets especially coal have raised concerns for the local cement sector,...

Published 07 Oct, 2021 09:26pm

Business & Finance

Air Link announces wholly-owned subsidiary for mobile device manufacturing

Subsidiary would take on additional mobile device manufacturing of certain selected brand(s)

Updated 06 Oct, 2021 01:00pm

Business & Finance

GGL set to launch IPO of subsidiary Ghani Chemicals Industries

Riding the wave of fresh public listings, Ghani Global Holdings Limited (GGL), a Lahore-based industrial and...

Published 04 Oct, 2021 03:17pm

Business & Finance

Hours before deadline, FBR’s Iris portal becomes non-functional

Filers of tax returns complain of page's functionality for past 8-9 hours

Updated 30 Sep, 2021 01:48pm

Markets

KSE-100 companies: Earnings jump 56% year-on-year, register record high

Analysis features results of 83 companies while remaining 17 have not disclosed earnings yet

Published 28 Sep, 2021 03:44pm

Technology

Pakistan’s fintech Oraan raises $3m

Pakistan's fintech Oraan has raised $3 million in the largest seed funding closed by a local women-led startup,...

Updated 27 Sep, 2021 03:43pm

Business & Finance

ADB says Pakistan's economy to grow at 4% in FY22

Forecast is lower than what the government is targeting

Updated 22 Sep, 2021 10:29pm

Business & Finance

KSE-100 recovers after intra-day fall of over 1,200 points

Benchmark index reacts to triggers emanating from regional markets as well as interest-rate hike in Pakistan

Updated 22 Sep, 2021 06:18pm

Business & Finance

Karachi emerges among least safe major cities in the world: EIU report

Ranked 59th out of 60 peers in The Safe Cities Index 2021 report compiled by The Economist Intelligence Unit

Published 21 Sep, 2021 12:06pm

Business & Finance

July-August: Pakistan's food import bill increases 50% YoY, amounts to $1.47bn

Of the food group, palm oil imports were the major constituent

Published 18 Sep, 2021 02:33pm

Business & Finance

Pakistan’s REER declines to 97.4 in August

The Real Effective Exchange Rate (REER) of Pakistan, a measure of the value of a currency against a weighted average...

Published 17 Sep, 2021 05:33pm

Business & Finance

Pakistan's current account deficit swells to $1.48 billion in August

Increases over 80% on a monthly basis

Published 17 Sep, 2021 04:35pm

Markets

Rupee closes at 169.12 as the fall continues

Currency registers another 0.11% decline against the dollar on Wednesday

Published 15 Sep, 2021 04:43pm

Business & Finance

Upcoming MPC: Majority expect status quo but a greater divide is now visible

A poll, consisting of 68 participants, shows 65% expect the SBP to maintain the discount rate at 7%

Published 15 Sep, 2021 02:36pm

Business & Finance

Pakistan's rupee closes at its lowest level against the US dollar as pressure remains

The rupee has been under pressure since May this year with an increasing import bill causing immense worry among policymakers

Updated 14 Sep, 2021 05:37pm

Gainers
Losers
Leaders

Stock	Price
786 Investments / Oct 22 786 Investments Limited(786)	7.19 ▼ 0.00 (0.00%)
AL- Abbas / Oct 22 Al-Abbas Sugar Mills Limited(AABS)	280.55 ▼ 0.00 (0.00%)
Agro Allianz / Oct 22 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 22 Allied Bank Limited(ABL)	79.50 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 22 Abbott Laboratories (Pakistan) Limited(ABOT)	776.39 ▼ 0.00 (0.00%)
Abson Ind. / Oct 22 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Oct 22 Attock Cement Pakistan Limited(ACPL)	137.93 ▼ 0.00 (0.00%)
Adam Sugar / Oct 22 Adam Sugar Mills Limited(ADAMS)	31.74 ▼ 0.00 (0.00%)

Stock	Price
786 Investments / Oct 22 786 Investments Limited(786)	7.19 ▼ 0.00 (0.00%)
AL- Abbas / Oct 22 Al-Abbas Sugar Mills Limited(AABS)	280.55 ▼ 0.00 (0.00%)
Agro Allianz / Oct 22 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 22 Allied Bank Limited(ABL)	79.50 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 22 Abbott Laboratories (Pakistan) Limited(ABOT)	776.39 ▼ 0.00 (0.00%)
Abson Ind. / Oct 22 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Oct 22 Attock Cement Pakistan Limited(ACPL)	137.93 ▼ 0.00 (0.00%)
Adam Sugar / Oct 22 Adam Sugar Mills Limited(ADAMS)	31.74 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 22	173.95
USD PKR Interbank Buying / Oct 22	173.80
USD to Japanese Yen / Oct 22	113.85
USD to Swiss Franc / Oct 22	0.92
Pound Sterling to USD / Oct 22	1.38
Euro to USD / Oct 22	1.16
UK LIBOR % / Oct 22	0.07

Stock	Volume
S&P 500 / Oct 22	4549.78
India Sensex / Oct 22	60923.50
Tokyo Nikkei / Oct 22	28590.46
Nasdaq / Oct 22	15215.70
Hang Seng / Oct 22	26017.53
FTSE 100 / Oct 22	7190.30
Dow Jones / Oct 22	35603.08
Germany DAX 30 / Oct 22	15472.56
France CAC40 / Oct 22	6686.17