News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Technology

Easypaisa new App features redefine the Way Customers Pay Bills

The platform has introduced new features with the addition of various billers such as government payments, educational institutes’ fee payments, and credit card payments to facilitate bill payments process.

Published 30 Jul, 2020 04:46pm

Business

‘The State of Pakistan’s Economy’: Stabilization measures provided cushion against COVID downturn

The central bank said that these measures provided a period of necessary stabilization and also made the economy relatively better equipped to respond to any external shocks than it would have otherwise been.

Published 30 Jul, 2020 04:08pm

Business

Pakistan sets new record in electricity generation

As per the federal minister, the record was achieved on Tuesday at around 3 pm, when Pakistan generated 23,116 MW of electricity.

Published 30 Jul, 2020 03:16pm

Business

SBP renews status of VIS and PACRA credit rating agencies

Banks and DFIs using the standardized approach of Basel framework are allowed to use credit ratings assigned by VIS and PACRA for CAR calculation purposes.

Published 30 Jul, 2020 02:28pm

Pakistan

Senate Standing Committee approves the "Anti-Terrorism (Amendment) Bill, 2020"

In a meeting chaired by Chairman Committee Senator Javed Abbasi, Foreign Office officials said that both the Asia Pacific Group and the Financial Action Task Force (FATF) were monitoring Pakistan. They said that the Security Council sanctions must be implemented.

Updated 30 Jul, 2020 02:42pm

Business

As US, China tensions deepen; global manufacturers could shift to Pakistan: Report

"Both Chinese and global manufacturers may move their factories from China to Pakistan,” said Canadian research firm BCA in its latest report.

Published 30 Jul, 2020 11:39am

Business

SBP allows Islamic Banking Windows to offer all types of financing products

Under the revised instructions, IBWs can now offer all types of financing products to their customers including Corporates, SMEs, Agriculture, Housing, and Consumers.

Published 29 Jul, 2020 01:34pm

Business

Moving towards renewable; Pakistan launches Electric Charging Station

Omar Ayub said that by 2023 Pakistan will generate 75-80pc of its electricity from its local sources including nuclear, hydro, and coal power, which will reduce the electricity tariffs for the end customers.
The opening of a charging station in Islamabad will help encourage electric vehicles as future transportation in the country, says Babar.

Published 29 Jul, 2020 01:14pm

Markets

Pakistani Equities likely to move higher over the next six months: Study

“We believe stock prices have already priced in plenty of negatives, and that Pakistani equities are likely to move higher over the next six months,” it said.

Published 29 Jul, 2020 12:01pm

Pakistan

Disruption in Amazon Web Services Not due to PUBG ban: PTA

"This phenomenon was not specific to Pakistan only but users in other countries including the United States also experienced similar issues,” said PTA.

Published 29 Jul, 2020 11:02am

Business

British Airways to resume flight operations to Pakistan

As per details, the carrier is resuming its air operations to Pakistan from August, the British company will operate three flights a week from Heathrow to Islamabad.

Published 28 Jul, 2020 02:52pm

Pakistan

IBM launching Open P-tech learning platform in Pakistan

“IBM is launching Open P-TECH in Pakistan to help develop talent and equip them with technical and professional proficiency in AI, Data Science, Cybersecurity, Cloud, etc - enabling our workforce for a Digital Pakistan,” said Aidrus in a tweet post.

Published 28 Jul, 2020 02:46pm

Business

Pakistan receives $505mn from WB

The disbursements under the programme will strengthen foreign exchange reserves and provide liquidity for the economy.

Published 28 Jul, 2020 02:08pm

Business

Despite slowdown Pakistan’s external account has been stabilized: Monthly Economic Outlook

During FY2020, current account deficit is reduced by 77.9% to $ 2.9 billion (1.1 % of GDP) against $ 13.4 billion last year (4.8 % of GDP).

Published 28 Jul, 2020 01:40pm

Pakistan

WB, Sindh govt to launch SWEEP project for Karachi

Illango informed that the project is currently being appraised and no funds have been approved or disbursed.

Published 28 Jul, 2020 12:43pm

Business

PIA makes alcohol test mandatory for cabin crew

According to the notification, the cabin crew has been required to undergo a Breathalyzer test. The notification said that the purpose of the test was to prevent the use of alcohol and drugs in the crew.

Published 28 Jul, 2020 12:21pm

Business

FBR dismisses three employees involved in misconduct

FBR has issued dismissal orders in accordance with Efficiency and Discipline Rules-1973 after their official misconduct was confirmed during the official inquiry.

Published 28 Jul, 2020 11:43am

Pakistan

Govt directs authorities to launch investigation against 'sugar mafia'

As per details, the government has directed the Federal Board of Revenue (FBR), Securities and Exchange Commission of Pakistan (SECP) and the Federal Investigation Agency (FIA) to begin the investigation on the basis of the Sugar Commission report.

Published 27 Jul, 2020 04:32pm

Markets

Why are gold prices rising in Pakistan and internationally?

Experts have identified the factors behind the rise in gold rates.

Published 27 Jul, 2020 03:18pm

Business

Afghan transit trade through Gwadar port initiated

As per details, the first consignment of Pak-Afghan transit trade goods has been sent to Afghanistan by road from Gwadar deep seaport.

Published 27 Jul, 2020 02:53pm

Gainers
Losers
Leaders

Stock	Price
Samin Textile / Aug 3 Samin Textiles Limited(SMTM)	3.7419 ▲ (0.40%) (12.03%)
Attock Ref. / Aug 3 Attock Refinery Limited(ATRL)	134.1000 ▲ (10.85%) (8.80%)
Ghani Global Glass / Aug 3 Ghani Global Glass Limited(GGGL)	17.6946 ▲ (1.04%) (5.83%)
Al Shaheer Corp. / Aug 3 Al Shaheer Corporation Limited(ASC)	13.4500 ▲ (0.85%) (5.79%)
Telecard / Aug 3 Telecard Limited(TELE)	1.3300 ▲ (0.10%) (5.69%)
Mehran Sugar / Aug 3 Mehran Sugar Mills Limited(MRNS)	59.3400 ▲ (3.14%) (5.59%)
Sakrand Sugar / Aug 3 Sakrand Sugar Mills Limited(SKRS)	10.1125 ▲ (0.51%) (5.21%)
Worldcall / Aug 3 Worldcall Telecom Limited(WTL)	1.0450 ▲ (0.08%) (5.21%)
Pakistan Refinery / Aug 3 Pakistan Refinery Limited(PRL)	14.2950 ▲ (0.80%) (4.43%)
Siddiqsons Tin / Aug 3 Siddiqsons Tin Plate Limited(STPL)	11.1900 ▲ (0.54%) (4.41%)

Stock	Price
Systems Limited / Aug 3 Systems Limited(SYS)	209.5500 ▼ (0.54%) (-0.26%)
Sui South Gas / Aug 3 Sui Southern Gas Company Limited(SSGC)	14.3500 ▼ (0.08%) (-0.01%)
Kohi.Tex. / Aug 3 Kohinoor Textile Mills Limited(KTML)	44.5000 ▼ (0.00%) (0.00%)
P.T.C.L.A / Aug 3 Pakistan Telecommunication Company Ltd(PTC)	8.6000 ▼ (0.01%) (0.00%)
Nestle Pak. / Aug 3 Nestle Pakistan Limited(NESTLE)	6500.0000 ▼ (50.00%) (0.00%)
Pak Tobacco / Aug 3 Pakistan Tobacco Company Limited(PAKT)	1699.0000 ▼ (0.00%) (0.00%)
TPL Properties / Aug 3 TPL Properties Limited(TPLP)	6.5125 ▼ (0.01%) (0.00%)
Imperial Sugar / Aug 3 Imperial Sugar Limited(IMSL)	16.2667 ▼ (0.27%) (0.00%)
Mithchells / Aug 3 Mitchells Fruit Farms Limited(MFFL)	205.0000 ▼ (0.00%) (0.00%)
Ashfaq Tex. / Aug 3 Ashfaq Textile Mills Limited(ASHT)	12.3600 ▼ (0.00%) (0.00%)

Stock	Volume
Pak Int.Bulk Ter / Aug 3 Pakistan International Bulk Terminal Limited(PIBTL)	21,200,500 ▼ (0.43%)
TRG Pak. / Aug 3 TRG Pakistan Limited(TRG)	15,095,500 ▼ (0.91%)
Worldcall / Aug 3 Worldcall Telecom Limited(WTL)	10,520,500 ▼ (0.08%)
Fauji Cem. / Aug 3 Fauji Cement Company Limited(FCCL)	9,163,000 ▼ (0.80%)
Pakistan Refinery / Aug 3 Pakistan Refinery Limited(PRL)	8,462,000 ▼ (0.80%)
Pak Elektron / Aug 3 Pak Elektron Limited(PAEL)	8,084,500 ▼ (0.44%)
Maple Leaf / Aug 3 Maple Leaf Cement Factory Limited(MLCF)	7,906,000 ▼ (0.50%)
Fauji Fert. Bin / Aug 3 Fauji Fertilizer Bin Qasim Limited(FFBL)	6,855,500 ▼ (0.93%)
Pak Petroleum / Aug 3 Pakistan Petroleum Limited(PPL)	6,072,075 ▼ (1.50%)
Attock Ref. / Aug 3 Attock Refinery Limited(ATRL)	5,995,000 ▼ (10.85%)

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Jul 31	167.30
USD PKR Interbank Buying / Jul 31	167.10
USD to Japanese Yen / Aug 1	105.88
USD to Swiss Franc / Aug 1	0.91
Pound Sterling to USD / Aug 1	1.31
Euro to USD / Aug 1	1.18

Stock	Volume
S&P 500 / Aug 1	3271.12
India Sensex / Aug 1	37606.89
Tokyo Nikkei / Aug 1	21710.00
Nasdaq / Aug 1	10745.27
Hang Seng / Aug 1	24595.35
FTSE 100 / Aug 1	5897.76
Dow Jones / Aug 1	26428.32
Germany DAX 30 / Aug 1	12313.36
France CAC40 / Aug 1	4783.69

Indicator	Value
Weekly Foreign Reserves / Jul 30	19047.30
GDPGROWTH / Jul 30	5.40
Foreign Debt / Jul 30	15087.50
Per Capita Income (CPI) / Jul 30	1516.00
Average CPI / Jul 30	11.11
UK LIBOR / Aug 1	0.31