News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

MoC to hold consultative meeting with plastic industry

The upcoming meeting comes at the backdrop of a meeting held in August 2020 on the 3-year Tariff Road Map, in which the Commerce Ministry had decided to start deliberations on long-term tariff policy for all sectors like plastics, engineering, pharmaceuticals, textiles, etc.

Updated 07 Nov, 2020 06:43pm

Business & Finance

Pakistan calls for investment in infrastructure to battle against COVID-19

Akram also urged that all measures need to be translated into action.

Updated 07 Nov, 2020 06:46pm

Markets

All-cargo air service launched linking ASEAN, China & Pakistan

As per Chinese media, some two to four flights will run on the route on a weekly basis.

Published 07 Nov, 2020 11:45am

Business & Finance

SBP approves over Rs237bn loans under Rozgar Scheme

Under relief provided to the borrowers, SBP has also allowed around Rs199.9bn for restructuring/ rescheduling.

Published 06 Nov, 2020 04:04pm

Technology

Super Mario, Pokemon creator profits soar amid COVID pandemic

Lockdowns were imposed around the world to prevent the spread of the coronavirus, which lead people to remain at home and resort to video games to quell their boredom.

Published 06 Nov, 2020 02:55pm

Business & Finance

Denmark envoy to Pakistan proposes to set up joint energy platform

The platform would allow Danish companies to closely follow developments in the field of renewable energy and they could participate in the competitive process of renewable energy projects in Pakistan.

Published 06 Nov, 2020 02:30pm

Business & Finance

KSA allows all airlines to bring Umrah and visit visa passengers

The Saudi General Authority for Civil Aviation has issued formal orders for permission to all airlines.

Published 06 Nov, 2020 12:38pm

Technology

WhatsApp lauches disappearing messages feature

Note that Facebook has introduced a similar feature before, while Snapchat was the first to provide this option to users.

Published 06 Nov, 2020 11:55am

Business & Finance

Pakistan Customs launch its first trade facilitation program

The program is expected to facilitate traders and improve ease of doing business.

Published 06 Nov, 2020 11:42am

Business & Finance

End of ‘kafala system’ to benefit Pakistani workers in KSA

The ministry aims to certify the contracts of all foreign workers by the end of the first quarter of 2021.

Published 06 Nov, 2020 10:49am

Markets

Pakistan urges Bangladeshi investors to enjoy CPEC advantage

Imran Siddiqui urged Bangladeshi entrepreneurs to invest in Pakistan, while requesting Bangladeshi industrialists to import various industrial raw materials and textiles from Pakistan.

Updated 05 Nov, 2020 04:39pm

Business & Finance

CPEC: China says $25bn invested in Pakistan since project launch

The spokesperson said that the Belt and Road Initiative (BRI) cooperation projects, including the CPEC, are open ones.

Updated 06 Nov, 2020 09:13pm

Business & Finance

USF awards contracts to Zong 4G for providing network coverage in remote areas

The contracts were signed by Haaris Mahmood Chaudhary, CEO, USF with Wang Hua, Chairman and CEO, Zong 4G.

Updated 06 Nov, 2020 09:12pm

Markets

Roshan Digital Accounts gaining foothold among Non- Resident Pakistanis

The figures were shared at a webinar hosted by Pakistan High Commission Ottawa and Consulate General of Pakistan Toronto.

Updated 06 Nov, 2020 09:12pm

Business & Finance

Reko Diq Case: NAB unearths corruption to the tune of billions

In a statement, the spokesperson revealed that serious irregularities were also found in the allotment of land and other matters by the officials of the finance department, and the accused also confessed to taking financial benefits in this regard.

Published 05 Nov, 2020 11:11am

Business & Finance

Pakistan’s economy ‘on path to recovery’ as world battles COVID

He added that “Big electricity price cut for industry will further accelerate industrial growth particularly for SME's.”

Published 04 Nov, 2020 03:39pm

Business & Finance

General Tyre and Rubber PAT grew exponentially amid drop in financial cost

As per the company’s financial statements, the PAT of the company profit after tax for the quarter was Rs.126.0 million as compared to PAT of Rs.15.9 million reported in the same period last year.

Published 04 Nov, 2020 02:28pm

Business & Finance

Dawood urges Exporters & Industrialists to avail the Industrial Support Package

“It was a long standing demand of our industry that our energy tariff be made competitive in order to reduce their cost of doing business. This demand has now been met,” said Dawood in a tweet post on Wednesday.

Published 04 Nov, 2020 01:27pm

Markets

USD decline continues against PKR as United States count votes

As per details, at the interbank market, US dollar value declines by 20 paisas against the Pakistani rupee, and the new value of the dollar came to 159 rupees 75 paise on Wednesday.

Updated 06 Nov, 2020 09:20pm

Technology

TPL Trakker Launches TrakkerPro a First in Stolen Vehicle Recovery

For the first time in Pakistan, TrakkerPro customers will get the cash equivalent of the value of their car if, due to unforeseen circumstances, the Company is unable to recover their stolen car.

Published 04 Nov, 2020 10:28am

Gainers
Losers
Leaders

Stock	Price
B.R.R. Mod. (R) / Jan 18 B.R.R. Guardian Modaraba (R)(BRRR)	2.54 ▲ 1.17 (70.47%)
Popular Islamic Mod. / Jan 18 Popular Islamic Modaraba(PIM)	6.94 ▲ 1.00 (15.67%)
Pakistan Cables / Jan 18 Pakistan Cables Limited(PCAL)	157.59 ▲ 21.21 (15.07%)
Khurshid Spinng / Jan 18 Khurshid Spinning Mills Limited(KHSM)	18.41 ▲ 1.28 (14.99%)
Khairpur / Jan 18 Khairpur Sugar Mills Limited(KPUS)	52.72 ▲ 6.72 (14.61%)
B.R.R. Mod. / Jan 18 B.R.R. Guardian Modaraba(BRR)	12.50 ▲ 1.30 (11.61%)
Nagina Cot. / Jan 18 Nagina Cotton Mills Limited(NAGC)	57.51 ▲ 4.61 (8.51%)
Pakgen Power / Jan 18 Pakgen Power Limited(PKGP)	25.98 ▲ 1.98 (8.25%)
Tata Textile / Jan 18 Tata Textile Mills Limited(TATM)	56.86 ▲ 3.96 (7.28%)
F.Treet Manuf.Mod / Jan 18 First Treet Manufacturing Modaraba(FTMM)	17.87 ▲ 1.22 (7.26%)

Stock	Price
Sally Tex. / Jan 18 Sally Textile Mills Limited(SLYT)	4.71 ▼ 0.00 (-11.96%)
KASB Mod. / Jan 18 KASB Modaraba(KASBM)	1.60 ▼ 0.31 (-11.11%)
IbrahimFibres / Jan 18 Ibrahim Fibres Limited(IBFL)	105.02 ▼ 6.95 (-10.96%)
Saudi Pak Leas. / Jan 18 Saudi Pak Leasing Company Limited(SPLC)	1.60 ▼ 0.32 (-9.09%)
First Pak Modaraba / Jan 18 First Pak Modaraba(PAKMI)	2.21 ▼ 0.92 (-8.68%)
First Prud Mod. / Jan 18 First Prudential Modaraba(PMI)	2.11 ▼ 1.01 (-8.26%)
Shadman Cotton / Jan 18 Shadman Cotton Mills Limited(SHCM)	22.89 ▼ 1.71 (-6.95%)
Media Times / Jan 18 Media Times Limited(MDTL)	2.05 ▼ 0.22 (-6.82%)
Yousuf Weaving / Jan 18 Yousaf Weaving Mills Limited(YOUW)	4.69 ▼ 0.13 (-6.76%)
Pak. P.V.C. / Jan 18 Pakistan PVC Limited(PPVC)	3.55 ▼ 0.09 (-6.58%)

Stock	Volume
TRG Pak. / Jan 18 TRG Pakistan Limited(TRG)	47,593,500 ▼ 7.79
Fauji Foods / Jan 18 Fauji Foods Limited(FFL)	44,616,500 ▼ 1.25
Hum Network / Jan 18 Hum Network Limited(HUMNL)	38,439,000 ▼ 0.50
K-Electric Ltd / Jan 18 K-Electric Limited(KEL)	33,013,500 ▼ 0.05
Power Cement / Jan 18 Power Cement Limited(POWER)	29,144,000 ▼ 0.89
Unity Foods / Jan 18 Unity Foods Limited(UNITY)	21,084,818 ▼ 0.75
Jahangir Sid. Co. / Jan 18 Jahangir Siddiqui & Co. Ltd.(JSCL)	20,909,000 ▼ 1.94
Fauji Fert. Bin / Jan 18 Fauji Fertilizer Bin Qasim Limited(FFBL)	18,554,500 ▼ 0.50
Pakistan Refinery / Jan 18 Pakistan Refinery Limited(PRL)	18,531,000 ▼ 0.29
Worldcall / Jan 18 Worldcall Telecom Limited(WTL)	18,273,500 ▼ 0.08

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