News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Pakistan economy poised to bounce back, KSE-100 to hit 52,000 points by 2021

The report was of the view that it expects the economic activity in Pakistan to continue the robust pace it has shown over the last couple of months.
The report was of the view that “we think that an exit from the FATF grey list in February has become quite likely. This would be a significant stimulant for confidence in the equity bourse.”

Updated 05 Dec, 2020 04:47pm

Business & Finance

Pakistan among Top Five countries with highest investment commitments: WB Report

Pakistan had the fourth-highest investment commitments—a new entrant to the top five countries this year—with $1.9 billion of investment commitments, accounting for 0.69 percent of its GDP.

Published 05 Dec, 2020 11:02am

Business & Finance

SECP: How to open a brokerage account online?

It is expected that the new regime would revolutionize Pakistan’s capital markets and contribute significantly towards economic growth in the country by channeling investments and savings through the market.

Published 04 Dec, 2020 04:59pm

Business & Finance

PD rejects media reports, says Govt decision saved $237mn in last 27 months

The Petroleum Division said that the total of all cargos bought in 2020 on spot was USD 353 million, or Rs 57 billion, with an average just below 12 percent.

Updated 04 Dec, 2020 03:03pm

Business & Finance

Pakistan’s exports witness strong recovery’ despite COVID resurgence: SBP

The central bank shared data from the Pakistan Bureau of Statistics, showing a sharp recovery of Pakistan’s exports during the year, marred by the coronavirus pandemic.

Updated 04 Dec, 2020 03:58pm

Business & Finance

Pakistan inflation rate remains in single digits, says Asad Umar

The reduction in the rate of inflation has been sustained now for the past several weeks with SPI consistently in single digits, he added.

Published 04 Dec, 2020 12:29pm

Technology

Stripe launches embedded financial services platform Stripe Treasury

This product gives Stripe’s platform users powerful APIs to embed financial services, enabling their customers to easily send, receive and store funds.

Published 04 Dec, 2020 11:44am

Business & Finance

MoC releases Rs 1.78bn DLTL refunds for Textile Sector

The advisor informed that the DLTL for the non-textile sector will also be released shortly.

Published 04 Dec, 2020 11:08am

Business & Finance

FBR to give 90pc Tax Exemption on low-cost housing projects

So far 348 people have registered 389 projects with a total value of Rs. 157 billion.

Published 04 Dec, 2020 10:55am

Business & Finance

Netherlands AWECT to build $1bn waste to energy, desalination plant in Karachi

This is the first step towards sustainable development with low emission technology of Netherlands in renewable energy, said the Ministry of Maritime Affairs in a statement.

Published 03 Dec, 2020 03:06pm

Business & Finance

Pakistan’s third private airline AirSial, to be launched on Dec 9

AirSial plans to commence its operations from Mid-December 2020 across 5 cities of Pakistan Karachi, Sialkot, Islamabad, Lahore & Peshawar.

Published 03 Dec, 2020 12:57pm

Business & Finance

Tri-Pack Films to install a multi-billion BOPP manufacturing line

The company informed that the project cost is estimated up to PKR 9 billion and is sensitive to exchange fluctuations and changes in duty/tax.

Published 03 Dec, 2020 11:59am

Business & Finance

Indian Spice King; MDH owner passes away

The Indian entrepreneur, who for many years appeared in MDH spice advertisements breathed his last at about 5:38 this morning.

Published 03 Dec, 2020 11:36am

Business & Finance

PIA offers 30pc discount on domestic flights

The purpose of these fares was to facilitate travel of people to their homes and loved ones during these holidays at a much more affordable price.

Published 03 Dec, 2020 10:48am

Business & Finance

Pakistani IT, Textile giants among Forbes Asia’s 200 Best Under A Billion Companies

The annually released list highlights 200 Asia-Pacific public companies with less than $1 billion in revenue and consistent top-and bottom-line growth.

Published 03 Dec, 2020 10:36am

Business & Finance

ECC removes Regulatory Duty on cotton yarn

“The ECC today approved removal of Regulatory Duty on Cotton Yarn. This will facilitate the exports of apparel sector,’ said Dawood in a tweet post.

Published 02 Dec, 2020 04:24pm

Business & Finance

'Second wave' hampers Pakistan’s Refining, Fuel Demand Growth Outlooks: Report

The report said that a sharp resurgence in new daily Covid-19 infections in Pakistan has put the brakes on the government’s economic reopening plans after earlier lockdowns.

Published 02 Dec, 2020 02:46pm

Business & Finance

Argentina Air Force considering to purchase Pakistan's JF-17 Thunder jets

It has been reported that due to the unavailability of financial resources, the military authorities of Argentina want to buy Pakistan-made JF-17 Thunder instead of buying expensive fighter jets from Britain.

Published 02 Dec, 2020 12:57pm

Business & Finance

Pakistan’s Nov exports ‘highest during last 10 years’: Dawood

“This indicates a rising trend in our exports and I hope that with efforts of our exporters, this trend will continue,” he added.

Published 02 Dec, 2020 12:13pm

Business & Finance

FBR confiscate non-duty/ counterfeit cigarettes worth millions

The operations are being carried out by the Directorate of Intelligence and Investigation (Inland Revenue), Faisalabad as part of a drive to curb the illegal trade of non-duty / counterfeit cigarettes.

Published 02 Dec, 2020 11:27am

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