News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

DG Khan Cement to export cement to Philippines

The latest export orders would be boon for Pakistan exports, which has declined by 6.8 percent during 2019-20, due to the economic slowdown which has been brought in by the coronavirus pandemic.

Published 08 Jul, 2020 12:57pm

Business & Finance

Fashion giant, Hugo Boss to purchase sportswear from Pakistan

“Happy to note that well known brand, Hugo Boss, has placed its first order of sportswear to a Pakistani company,” said Dawood in a tweet post.

Published 08 Jul, 2020 12:37pm

Business & Finance

Pakistan trade deficit decline by 27pc

The country's exports at the end of the fiscal year ended June 30, 2020, stood at $21.387 billion against a target of $24 billion.
The country's imports during the last fiscal year were recorded at $44 billion, indicating a drop of 18.6pc from the imports recorded in 2018-19.

Published 08 Jul, 2020 11:58am

Markets

Rahat Kaunain appointed as CCP chairperson

The cabinet also gave approval to the appointment of Shumaila Lone and Mujtaba Lodhi as members of the CCP for three years.
Rahat Kaunain has previously served as chairperson of Competition Commission of Pakistan (CCP) from 2010-2013.

Published 08 Jul, 2020 11:34am

Business & Finance

Despite witnessing decline in 2019-20, Dawood lauds exporters

The SAPM highlighted that Pakistan exports declined by 6 percent as compared to 2018-19, meanwhile the regional countries fare worse than Pakistan, with Bangladesh witnessing exports decline by 17pc and arch-rival India facing exports plunge of 14pc.

Published 07 Jul, 2020 03:49pm

Business & Finance

Medical engineering industry could save Pakistan $1bn in imports, claims Fawad

Fawad revealed that Pakistan imports medical equipment worth $2.1 billion each year, “we also do a $1bn service agreement with companies for operating this equipment.”

Published 07 Jul, 2020 02:47pm

Business & Finance

Pakistan Post should offer more banking services, stresses SBP Report

Cross-country experience has shown that state-owned postal services can play a vital role in financial inclusion of the underserved and unbanked population, especially in the rural areas, read an SBP staff report titled Enhancing Financial Inclusion through Pakistan Post.

Updated 07 Jul, 2020 02:32pm

Markets

South Korea’s bank eager to finance Pakistan IT projects

Eximbank is also planning to delay debt repayment of seven loans extended to Pakistan via EDCF.

Published 07 Jul, 2020 12:37pm

Business & Finance

PIA further slashes domestic fares

The one-way fare from Karachi to Islamabad and from Karachi to Lahore has been fixed at Rs 9,572 while passengers will also be allowed to carry 7 kg of hand luggage.

Published 07 Jul, 2020 11:46am

Business & Finance

Pakistan get green signal to export mangoes to Japan

Generally, the export of Pakistani mangoes to Japan is subject to the clearance of Japanese inspectors.
However, this year Pakistani mangoes were allowed to be exported under temporary arrangements without the clearance of Japanese inspectors.

Updated 07 Jul, 2020 01:06pm

Markets

International students must leave US if they take only online classes

After the announcement, international students only have two options i.e. attend in-person classes or take them online from another country.

Published 07 Jul, 2020 10:34am

Business & Finance

JS Bank crosses $2.3bn in deposits

JS Bank has been recognized by the State Bank of Pakistan as the best performer under the Rozgar Refinance Scheme, a concessional credit scheme for SME’s that ensure zero job layoffs.

Published 06 Jul, 2020 03:41pm

Technology

Despite COVID-19, Pakistanis still hesitant to adopt digital payments: Survey

Only 15 percent consumers have used digital payments for the first time during COVID-19.
17pc male respondents used a digital payment method while 13pc were female.

Published 06 Jul, 2020 03:16pm

Business & Finance

First batch of Pakistan made ventilators handed over to NDMA

As per details, SafeVent SP 100 is FDA/CE approved economical and reliable ventilator. The National Radio and Telecommunication Corporation (NRTC) has already produced 15 units of SafeVent SP 100 and has a production capacity to manufacture 250 –300 units per month.

Published 06 Jul, 2020 02:10pm

Pakistan

Load shedding, high voltage leading to financial worries

Residents of the area say that the duration of load shedding in the area is three hours. They said that their complaint is not being registered at the complaint center.

Published 06 Jul, 2020 01:43pm

Business & Finance

Thousands of Pakistani iqama holders get a breather

The Kingdom has also extended the validity of final exit visas as well as exit and reentry visas issued for expatriates, who are in the Kingdom.

Published 06 Jul, 2020 12:15pm

Business & Finance

Airblue resumes flight operations for UAE amid strict SOPs

In order to fly through Airblue, the passengers would need to follow SOPs including, COVID-19 test results from Chughtai Lab only, which will need to be taken within 96 hours of flight.

Published 06 Jul, 2020 11:39am

Business & Finance

CPEC's Azad Pattan Hydel power project signing ceremony today

It may be mentioned here that the Azad Pattan Hydropower Project is a 700 MW hydroelectric power station on the Jhelum River roughly 7 km upstream of Azad Pattan Bridge in the Sudhanoti District of Azad Kashmir.

Published 06 Jul, 2020 11:06am

Business & Finance

Javed Ghani takes charge of FBR, replaces Nausheen Amjad

Javed Ghani, a BS-22 officer of Pakistan Customs Services (PCS), presently posted as Member Federal Board of Revenue, has been assigned on the post for a period of three months, with immediate effect.

Published 04 Jul, 2020 04:38pm

Business & Finance

KE to present $2bn investment plan for Karachi power infrastructure

In a statement, KE spokesperson said that these investments would be utilized to improve generation, transmission & distribution system of the power utility.

Published 04 Jul, 2020 03:37pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Tokyo Nikkei / May 17	38787.38
Nasdaq / May 17	16685.97
Hang Seng / May 17	19535.61
FTSE 100 / May 17	8420.26
Dow Jones / May 17	40003.59
Germany DAX 30 / May 17	18704.42

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210562
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 19	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00

Markets →

Calculate your monthly liability in FY24

Most Popular