News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business

WB approves $236mn for Pakistan’s education, healthcare sector

The $200mn grant for Khyber Pakhtunkhwa Human Capital Investment Project and the $36mn grant for Balochistan Human Capital Investment Project will be utilized in improving public services in education and health.

Published 24 Jun, 2020 01:45pm

Business

Emirates suspends services from Pakistan, amid Covid-19 cases

The announcement comes in light of reports that 26 passengers on the Emirates flight to Hong Kong were tested positive for Covid-19.

Published 24 Jun, 2020 12:31pm

Pakistan

Unannounced load shedding continues across Karachi

K-Electric, the chief power provider in the city has blamed the reduction in furnace oil and gas for affecting production capacity.

Published 24 Jun, 2020 12:00pm

Business

Transfast partners with HBL to facilitate Pakistani expatriates

As per details, the remittance facility between Transfast and HBL is now available to the Pakistani expatriates globally.

Published 24 Jun, 2020 11:09am

Business

Rising cost govt’s ‘biggest challenge,’ says Jhagra, calls to control ‘unnecessary growth’

Jhagra in a series of tweets on Tuesday highlighted several issues faced by his province government and the government at large and was of the view that there is a need to “control unnecessary growth in the size of government.”

Published 23 Jun, 2020 05:10pm

Business

Bank Alfalah provides CNIC facility for Ehsaas Beneficiaries

Many beneficiaries of Gilgit-Baltistan, Khyber Pakhtunkhwa, and Azad Jammu & Kashmir as well as migrated beneficiaries from these regions who were facing problems in biometric verification can now visit any of the designated Bank Alfalah branches open t

Published 23 Jun, 2020 04:25pm

Business

South Korea impose new restrictions on Pakistanis, after surge in imported coronavirus cases

South Korea will limit the entry of foreigners from countries including Pakistan and Bangladesh, through a temporary restriction on flights and visa issuances.

Published 23 Jun, 2020 01:24pm

Markets

Gold rates touch new highs in Pakistan

The price of gold per tola has increased by Rs1,300 while the price of 10 grams of gold has increased by Rs1,114. One tola of gold is available at Rs102,000 while 10 grams of gold is worth Rs87,448.

Published 23 Jun, 2020 12:15pm

Business

Germany’s DEG eager to re-enter Pakistan, eyes 20pc stake of TPL Insurance Limited

DEG is re-entering into the Pakistani market with the investment being a first, in an insurance company by a Development Finance Institution in recent times in Pakistan.

Updated 23 Jun, 2020 12:26pm

Technology

TPL Trakker, NITB partners to identify COVID-19 hotspots in Pakistan

Through this collaboration, TPL Maps, the mapping arm of TPL Trakker, will play a critical role in helping the people of Pakistan during this pandemic by mapping, analyzing, and reporting cases across major cities.

Updated 22 Jun, 2020 04:31pm

Markets

Gold hits one-month peak as rising virus fears boost demand

Spot gold was up 0.5% at $1,751.63 per ounce by 0650 GMT after hitting its highest since May 18. U.S. gold futures rose 0.7% to $1,764.50.

Published 22 Jun, 2020 01:25pm

Business

Pakistan’s banking industry stellar performance in 2019, profitability jumps 27.5pc

As per the report, the total assets of the banks included increased from Rs19,618 billion in 2018 to Rs21,729bn in 2019, showing an increase of 10.8pc. Meanwhile, the number of deposits rose from Rs14,123bn in 2018 to Rs15,865bn in 2019.

Updated 24 Jun, 2020 03:14pm

Business

Pakistan opens Ghulam Khan terminal from today allows transit trade from Afghanistan

This arrangement on trade will be in operation 6 days a week. Saturdays will be reserved for pedestrian movement on these border crossing terminals.

Updated 22 Jun, 2020 12:02pm

Business

Dubai to Pakistan ticket fare increased

As per details, the one-way ticket fare for economy class for passengers bound to Punjab and Peshawar from Dubai will be 1,470 dirhams and for flights to Karachi, the fare will be 1,270 dirhams.

Published 22 Jun, 2020 11:07am

Business

Pakistan LSMI output declines by 42pc amid COVID-19 pandemic

As per the report, the overall output of LSMI decreased by 8.96pc for July-April, 2019-20 compared to July-April, 2018-19. the decline comes amid economic uncertainty put in place due to coronavirus lead lockdowns.

Published 20 Jun, 2020 02:51pm

Business

Budget 2020-21: Business leaders dismiss budget, expects economy to worsen further

An overwhelming 60pc of the respondents were of the view that the pandemic had an ‘Adverse’ or ‘Very Adverse’ impact on their businesses.

Published 20 Jun, 2020 12:58pm

Pakistan

International flight operations resume across Pakistan

The authority informed that the permission for international flight operations shall be subject to applicable restrictions and limitations as decided by the competent authority from time to time in light of the current COVID-19 scenario.

Published 20 Jun, 2020 11:13am

Budget

Budget 2020-21: Balochistan budget to be presented today

As per details, the total outlay of the budget is estimated at Rs410 billion, under which it is proposed to allocate Rs305 billion for non-development expenditure and Rs105 billion for development budget.

Published 20 Jun, 2020 10:27am

Budget

Budget 2020-21: Jhagra presents Rs923bn KP budget, with maximum allocation for health

"It's budget day, at a difficult time, in the age of Coronavirus," said Jhagra in a tweet prior to budget session. "A budget in a year of challenges, where our resilience as a people will see us through," he added.

Updated 19 Jun, 2020 05:39pm

Business

Senators irked over confidentiality of Gwadar port contract

The Senate Standing Committee on Finance under the Chairmanship of Senator Farooq Hamid Naek has sought list of contractors and sub-contractors working at Gwadar Port from the Ministry of Maritime Affairs.

Published 19 Jun, 2020 12:55pm

Gainers
Losers
Leaders

Stock	Price
Pak Gen. Ins. / Aug 11 The Pakistan General Insurance Co. Ltd.(PKGI)	2.3900 ▲ (0.30%) (14.35%)
Shahtaj Textile / Aug 11 Shahtaj Textile Limited(STJT)	129.5000 ▲ (14.09%) (12.20%)
Khurshid Spinng / Aug 11 Khurshid Spinning Mills Limited(KHSM)	7.7500 ▲ (0.76%) (7.44%)
United Brands / Aug 11 United Brands Limited(UBDL)	27.6900 ▲ (1.67%) (5.69%)
1st. Nat. Bank Mod. / Aug 11 First National Bank Modaraba(FNBM)	1.1000 ▲ (0.05%) (4.76%)
First Fid. Leas. / Aug 11 First Fidelity Leasing Modaraba(FFLM)	3.6500 ▲ (0.15%) (4.29%)
Kohinoor Mills / Aug 11 Kohinoor Mills Limited(KML)	37.0000 ▲ (1.98%) (4.23%)
Power Cement (R) / Aug 11 Power Cement Limited (R)(POWERR1)	0.6800 ▲ (0.22%) (3.70%)
Unity Foods (R) / Aug 11 Unity Foods Limited (R)(UNITYR2)	3.6745 ▲ (0.62%) (3.44%)
Ghazi Fab. / Aug 11 Ghazi Fabrics International Limited(GFIL)	3.4000 ▲ (0.40%) (3.33%)

Stock	Price
TPL Trakker / Aug 11 TPL Trakker Limited(TPLT)	11.7500 ▼ (1.41%) (-10.09%)
Cyan Ltd / Aug 11 Cyan Limited(CYAN)	33.7500 ▼ (3.70%) (-9.62%)
Telecard / Aug 11 Telecard Limited(TELE)	1.6900 ▼ (0.14%) (-8.28%)
Sindh Modaraba / Aug 11 Sindh Modaraba(SINDM)	11.5900 ▼ (0.88%) (-7.59%)
Honda Atlas Car / Aug 11 Honda Atlas Cars (Pakistan) Limited(HCAR)	354.5093 ▼ (38.51%) (-7.45%)
JS Global / Aug 11 JS Global Capital Limited(JSGCL)	71.0000 ▼ (5.00%) (-7.04%)
Nazir Cot. / Aug 11 Nazir Cotton Mills Limited(NCML)	4.4200 ▼ (0.42%) (-6.98%)
First Equity Mod. / Aug 11 First Equity Modaraba(FEM)	3.7200 ▼ (0.47%) (-6.88%)
Tri-Star Power / Aug 11 Tri-Star Power Limited(TSPL)	4.4150 ▼ (0.58%) (-6.76%)
Kohinoor Power / Aug 11 Kohinoor Power Company Limited(KOHP)	2.7200 ▼ (0.53%) (-6.60%)

Stock	Volume
Unity Foods (R) / Aug 11 Unity Foods Limited (R)(UNITYR2)	70,088,000 ▼ (0.62%)
Hascol Petroleum / Aug 11 Hascol Petroleum Limited(HASCOL)	51,686,500 ▼ (2.11%)
Worldcall / Aug 11 Worldcall Telecom Limited(WTL)	29,591,000 ▼ (0.14%)
Power Cement (R) / Aug 11 Power Cement Limited (R)(POWERR1)	23,534,000 ▼ (0.22%)
TRG Pak. / Aug 11 TRG Pakistan Limited(TRG)	23,217,000 ▼ (2.25%)
Unity Foods / Aug 11 Unity Foods Limited(UNITY)	22,309,000 ▼ (0.44%)
Pakistan Refinery / Aug 11 Pakistan Refinery Limited(PRL)	15,717,500 ▼ (1.10%)
Kot Addu / Aug 11 Kot Addu Power Company Limited(KAPCO)	15,469,000 ▼ (3.28%)
K-Electric Ltd / Aug 11 K-Electric Limited(KEL)	13,411,000 ▼ (0.26%)
Pak Int.Bulk Ter / Aug 11 Pakistan International Bulk Terminal Limited(PIBTL)	11,980,500 ▼ (0.42%)

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Aug 11	169.00
USD PKR Interbank Buying / Aug 11	168.60
USD to Japanese Yen / Aug 11	105.96
USD to Swiss Franc / Aug 11	0.92
Pound Sterling to USD / Aug 11	1.31
Euro to USD / Aug 11	1.17

Stock	Volume
S&P 500 / Aug 11	3360.47
India Sensex / Aug 11	38182.08
Tokyo Nikkei / Aug 11	22329.94
Nasdaq / Aug 11	10968.36
Hang Seng / Aug 11	24377.43
FTSE 100 / Aug 11	6050.59
Dow Jones / Aug 11	27791.44
Germany DAX 30 / Aug 11	12687.53
France CAC40 / Aug 11	4909.51

Indicator	Value
Weekly Foreign Reserves / Aug 11	19047.30
UK LIBOR / Aug 11	0.29
GDPGROWTH / Aug 11	5.40
Foreign Debt / Aug 11	15087.50
Per Capita Income (CPI) / Aug 11	1516.00
Average CPI / Aug 11	11.11

Business Recorder

Ali Ahmed

WB approves $236mn for Pakistan’s education, healthcare sector

Emirates suspends services from Pakistan, amid Covid-19 cases

Unannounced load shedding continues across Karachi

Transfast partners with HBL to facilitate Pakistani expatriates

Rising cost govt’s ‘biggest challenge,’ says Jhagra, calls to control ‘unnecessary growth’

Bank Alfalah provides CNIC facility for Ehsaas Beneficiaries

South Korea impose new restrictions on Pakistanis, after surge in imported coronavirus cases

Gold rates touch new highs in Pakistan

Germany’s DEG eager to re-enter Pakistan, eyes 20pc stake of TPL Insurance Limited

TPL Trakker, NITB partners to identify COVID-19 hotspots in Pakistan

Gold hits one-month peak as rising virus fears boost demand

Pakistan’s banking industry stellar performance in 2019, profitability jumps 27.5pc

Pakistan opens Ghulam Khan terminal from today allows transit trade from Afghanistan

Dubai to Pakistan ticket fare increased

Pakistan LSMI output declines by 42pc amid COVID-19 pandemic

Budget 2020-21: Business leaders dismiss budget, expects economy to worsen further

International flight operations resume across Pakistan

Budget 2020-21: Balochistan budget to be presented today

Budget 2020-21: Jhagra presents Rs923bn KP budget, with maximum allocation for health

Senators irked over confidentiality of Gwadar port contract

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