News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Govt approves increase in Petrol, Diesel rates

PM has approved the increase In Petrol price by Rs 3.20 per liter, the rate of diesel increased by Rs 2.95 per liter, light diesel price has been hiked by Rs 4.42 per liter, whereas, kerosene rate increased by Rs 3 per liter.

Published 15 Jan, 2021 04:33pm

Business & Finance

Pakistan to soon open tenders for 20 new Oil & Gas exploration blocks

Regarding the recent power breakdown, Omer Ayub said a committee has been constituted to investigate the matter and action will be taken against those found responsible.

Published 15 Jan, 2021 03:32pm

Business & Finance

Hike in POL rates expected as OGRA summary sent to PM

It has also been recommended to levy 17 percent GST and Rs 30 levy on the prices of petroleum products.

Published 15 Jan, 2021 03:01pm

Business & Finance

ADP appoints Eugene Zhukov head of 10 countries, including Pakistan

Zhukov will manage 10 country offices and 7 sector divisions: energy; environment, natural resources, and agriculture; public management, financial sector, and trade; regional cooperation and operations coordination; social; transport and communications; and urban development and water.

Published 15 Jan, 2021 02:13pm

Business & Finance

Japan take action to curb illegitimate used cars trade in Pakistan

The Embassy of Pakistan in Tokyo is taking all legal measures both in Pakistan and Japan to address the matter under applicable laws; and, to mitigate any possible unease that might be caused to legitimate trade

Updated 15 Jan, 2021 02:12pm

Business & Finance

Thar coal saved Pakistan $78mn in power generation, says Murad

CM said that work on 660 MW (2 x 330 MW) power projects was started and power was being supplied to the national grid from July 10, 2019.

Published 15 Jan, 2021 11:58am

Business & Finance

China bans PIA flights after COVID-19 found in passengers

Confirming the ban by China, PIA spokesman Abdullah Khan said that the report of the COVID-19 test conducted 72 hours ago by passengers traveling from Pakistan to China was negative.

Published 15 Jan, 2021 11:42am

Business & Finance

Despite COVID Pakistan’s Textile exports to EU surge due to govt policies, says envoy

The envoy was of the view that the rise in textile exports was the result of governments’ smart lock down strategy, reopening of industry, as well as recently announced energy package to help exporters recuperate from the effects of the pandemic.

Published 15 Jan, 2021 11:03am

Business & Finance

Rashakai SEZ: Committee allocates land to Chinese steel conglomerate

The SEZ Committee of Rashakai SEZ allocated 40 acres of land to Century Steel (Pvt) Ltd, owned by M/S Fuzhou Julitaihe International Company; a Chinese conglomerate.

Published 15 Jan, 2021 10:34am

Business & Finance

Sindh urges federal govt to ban tomatoe import

Due to import of tomatoes and non-export of onions, the prices of these commodities have come down sharply, so farmers are not getting a fair price for their produce, stated the letter

Published 14 Jan, 2021 03:50pm

Budget

Budget deficit hits Rs 922bn in five months

According to Finance Ministry figures, the federal government's expenditure during the last five months was Rs 2.4 trillion, of which Rs 244 billion was spent on debt repayment.

Published 14 Jan, 2021 02:40pm

Business & Finance

OGRA proposes price hike in POL products

The final decision on the prices of petroleum products will be taken by the Ministry of Finance in consultation with the Prime Minister.

Published 14 Jan, 2021 02:03pm

Business & Finance

UAE’s Abu Dhabi Group to enhance investment in Pakistan

He said that due to the vision of Prime Minister Imran Khan, the Abu Dhabi group would further their investments in Pakistan and a new project worth US$ 500 million would be started in Pakistan soon.

Published 14 Jan, 2021 12:39pm

Business & Finance

2021 to be a ‘game changer’ for Made in Pakistan devices, says Chaudhry

He added that at least two global brands are ready to set up their factories in Pakistan.

Published 14 Jan, 2021 11:38am

Business & Finance

Govt release over Rs 319bn under PSDP

According to the latest data released by the Ministry of Planning, Development and Reform, the released funds include more than Rs 207 billion for federal ministries.

Published 14 Jan, 2021 10:23am

Business & Finance

Pakistan’s Textile Exports boost impressive growth in Jul-Dec

“It is heartening to note that textiles sector is maintaining its export growth,” said Dawood in a series of tweets on Wednesday.

Published 13 Jan, 2021 03:33pm

Business & Finance

PTA renews Integrated License of PTCL for next 25 years

It is pertinent to inform that PTCL integrated license was issued for 25 years effective from 1st January 1996 and valid until 31st December 2020; therefore-subsequent renewal was required effective from 1st January 2021.

Published 13 Jan, 2021 02:28pm

Business & Finance

Integrated Strategy measures lead to significant increase in Pakistan exports: FBR

FBR has stated that Import duties on 1,623 tariff lines, pertaining to basic raw material and intermediate goods were reduced to zero through the Finance Act, 2020.

Published 13 Jan, 2021 01:16pm

Technology

Telegram users surge over 25mn within hours after WhatsApp privacy policy update

According to the announcement made by Telegram, the total number of active users of the application has exceeded 500 million since the recent increase.

Published 13 Jan, 2021 12:41pm

Business & Finance

Karachi based Artistic Milliners acquires denim factory in Los Angeles

“This acquisition gives us a strategic foothold in the US, in a region with significant geographic and demographic advantages,” said Murtaza Ahmed, Founder at SFI and Executive Director at Artistic Milliners.

Published 13 Jan, 2021 11:43am

Gainers
Losers
Leaders

Stock	Price
First Prud Mod. / Jan 16 First Prudential Modaraba(PMI)	1.70 ▲ 0.37 (18.06%)
Hira Tex. / Jan 16 Hira Textile Mills Limited(HIRAT)	5.35 ▲ 1.76 (13.83%)
First Pak Modaraba / Jan 16 First Pak Modaraba(PAKMI)	2.12 ▲ 0.52 (12.77%)
First Credit & Inv. / Jan 16 First Credit and Investment Bank Limited(FCIBL)	9.35 ▲ 2.00 (11.44%)
Media Times / Jan 16 Media Times Limited(MDTL)	2.19 ▲ 0.34 (10.05%)
AN Textile / Jan 16 AN Textile Mills Limited(ANTM)	12.00 ▲ 2.00 (9.09%)
Power Cement Pref. / Jan 16 Power Cement Preference(POWERPS)	12.40 ▲ 0.90 (7.83%)
AKD Capital Ltd / Jan 16 AKD Capital Limited(AKDCL)	410.53 ▲ 28.64 (7.50%)
AL-Noor Sugar / Jan 16 Al-Noor Sugar Mills Limited(ALNRS)	62.35 ▲ 6.83 (7.50%)
MACPAC Films / Jan 16 MACPAC Films Limited(MACFL)	25.24 ▲ 1.91 (7.50%)

Stock	Price
Tri-Star / Jan 16 Tri-Star Mutual Fund Limited(TSMF)	6.35 ▼ 0.00 (-13.61%)
Sindh Modaraba / Jan 16 Sindh Modaraba(SINDM)	8.55 ▼ 0.00 (-7.57%)
IbrahimFibres / Jan 16 Ibrahim Fibres Limited(IBFL)	111.00 ▼ 11.52 (-7.50%)
Quetta Textile / Jan 16 Quetta Textile Mills Limited(QUET)	9.35 ▼ 2.37 (-7.33%)
Khairpur / Jan 16 Khairpur Sugar Mills Limited(KPUS)	49.05 ▼ 0.00 (-6.57%)
Buxly / Jan 16 Buxly Paints Limited(BUXL)	64.66 ▼ 0.43 (-5.76%)
Ravi Textile / Jan 16 Ravi Textile Mills Limited(RAVT)	10.00 ▼ 0.00 (-5.75%)
Gillette Pak. (R) / Jan 16 Gillette Pakistan Limited (R)(GLPLR)	325.00 ▼ 3.86 (-4.70%)
Dawood Lawrencepur / Jan 16 Dawood Lawrencepur Limited(DLL)	230.00 ▼ 0.00 (-4.15%)
Trust Sec.& Brok. / Jan 16 Trust Securities & Brokerage Limited(TSBL)	11.75 ▼ 0.00 (-4.08%)

Stock	Volume
Hum Network / Jan 16 Hum Network Limited(HUMNL)	57,531,000 ▼ 0.62
K-Electric Ltd / Jan 16 K-Electric Limited(KEL)	45,688,500 ▼ 0.09
Power Cement / Jan 16 Power Cement Limited(POWER)	29,144,000 ▼ 0.89
Fauji Fert. Bin / Jan 16 Fauji Fertilizer Bin Qasim Limited(FFBL)	25,893,000 ▼ 1.97
Kot Addu / Jan 16 Kot Addu Power Company Limited(KAPCO)	24,032,500 ▼ 2.48
Kohinoor Sp. / Jan 16 Kohinoor Spinning Mills Limited(KOSM)	23,663,000 ▼ 1.06
Byco Petr. / Jan 16 Byco Petroleum Pakistan Limited(BYCO)	21,789,500 ▼ 0.27
Pakistan Refinery / Jan 16 Pakistan Refinery Limited(PRL)	18,588,000 ▼ 0.44
Faysal Bank / Jan 16 Faysal Bank Limited(FABL)	17,901,500 ▼ 1.27
Fauji Foods / Jan 16 Fauji Foods Limited(FFL)	17,735,500 ▼ 0.28

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Jan 16	160.35
USD PKR Interbank Buying / Jan 16	160.20
USD to Japanese Yen / Jan 16	103.90
USD to Swiss Franc / Jan 16	0.89
Pound Sterling to USD / Jan 16	1.36
Euro to USD / Jan 16	1.21

Stock	Volume
S&P 500 / Jan 16	3770.02
India Sensex / Jan 16	49034.67
Tokyo Nikkei / Jan 16	28519.18
Nasdaq / Jan 16	12998.50
Hang Seng / Jan 16	28573.86
FTSE 100 / Jan 16	6735.71
Dow Jones / Jan 16	30814.26
Germany DAX 30 / Jan 16	13787.73
France CAC40 / Jan 16	5611.69

Indicator	Value
Weekly Foreign Reserves / Jan 8	20512.10
GDPGROWTH / Jan 8	1.00
Foreign Debt (PKR billions) / Jan 8	17000.00
Average CPI % / Jan 8	11.11
UK LIBOR % / Jan 16	0.09