News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Pakistan all set to register pink salt, mangoes for GI tag

"The process of registration is underway and will be completed as soon as the statutory bodies (owners of GI tag) approach IPO,” he said.

Published 24 May, 2021 11:04am

Business & Finance

PTCL appoints Hatem Bamatraf as Chief Executive

“We have to inform you that Mr Matthew Wilsher has/have ceased to be the Chief Executive of the Company w.e.f. 2021-05-23 and Mr Hatem Mohamad Bamatraf has/have been appointed as Chief Executive,” read a PTCL in a filing to the Pakistan Stock Exchange (PSX).

Updated 24 May, 2021 12:57pm

Business & Finance

Hammad terms economic growth forecast of nearly 4pc a remarkable recovery

“This is a remarkable recovery,” he said. “And unlike past growth stints, forex reserves have also grown and the current account remains in surplus,” added Azhar.

Published 22 May, 2021 12:14pm

Business & Finance

Expert anticipates policy rate to remain unchanged in upcoming MPC

“We expect the central bank to keep policy rate unchanged at 7 percent in the upcoming monetary policy statement,” said Arif Habib Limited in a report.

Updated 22 May, 2021 03:41pm

Business & Finance

Federal cabinet disapprove immediate hike in electricity rate, says Hammad

Power Division has submitted a review motion with Nepra as per directions of Cabinet.

Published 22 May, 2021 10:53am

Business & Finance

Response of RDAs in UK very encouraging, says envoy

The High Commissioner appreciated the State Bank of Pakistan (SBP) for allowing Pound Sterling denominated accounts, which he said, would help promote RDA in the UK.

Published 22 May, 2021 10:21am

Business & Finance

Pakistan commences production of COVID vaccine, NA told

The vaccine will be available for administration to the people by the end of this month.

Published 21 May, 2021 03:57pm

Business & Finance

US targets cryptocurrency as Biden administration unveils tax proposals

"As with cash transactions, businesses that receive cryptoassets with a fair market value of more than $10,000 would also be reported on," the Treasury Department said in the report.

Published 21 May, 2021 02:37pm

Business & Finance

Pakistan to roll out Green Bond in coming days

The WAPDA chief said that the funds generated from the issuance of the green bonds will be used to fund the Diamer Basha and Mohmand dams in Pakistan.

Published 21 May, 2021 12:45pm

Business & Finance

Wyeth Pakistan delisting: Co to submit application at PSX

Wyeth Pakistan Limited on Tuesday informed that the parent company, Wyeth LLC, USA currently holding 40.55 percent of the shareholding in Wyatt Pakistan Limited resolved to consider purchase of shares from all minority security holders in order to increase its ownership and de-list the company.

Published 21 May, 2021 11:58am

Business & Finance

PM Khan says peace required to unleash China’s Belt and Road potential

“The China-Pakistan Economic Corridor is a flagship project of the Belt and Road Initiative. It has generated economic activity, employment and will enhance bilateral and regional trade," Khan said.

Published 21 May, 2021 10:34am

Business & Finance

PM Khan visit to KSA having positive impact on forex reserves: Baqir

The Governor said Pakistani community in Saudi Arabia is showing greater interest in RDAs following the Prime Minister's recent visit to the Kingdom.

Published 20 May, 2021 03:21pm

Business & Finance

SBP rolls out advance calendar of MPC meetings

It is pertinent to mention that a minimum of six MPC meetings are scheduled every year.
The SBP has lately taken a number of initiatives to modernize and increase transparency in the monetary policymaking process.

Published 20 May, 2021 01:35pm

Technology

Pakistan to join Amazon’s approved seller list before June

The spokesperson informed that the government is currently working on its procedures, such as changes in the foreign exchange manual of the State bank of Pakistan (SBP).

Published 20 May, 2021 01:11pm

Business & Finance

WAPDA highly dependent on govt extraordinary support: Moody’s

Moody’s said that the BCA of b3 reflects WAPDA's dominant position in supplying hydropower and developing water resource infrastructure in the nation, and the recurring financial support from the Pakistani government, which is closely linked to the government's fiscal budget.

Published 20 May, 2021 12:15pm

Business & Finance

SBP reduces Exchange Companies SLR requirement

The amount of SLR may be kept in current account maintained with SBP as well as invested in unencumbered approved government securities through SBP’s Subsidiary General Ledger Account (SGLA) facility.

Updated 20 May, 2021 03:56pm

Business & Finance

BoI stresses on increase bilateral trade between Pakistan & UK

Secretary BOI Ms. Fareena Mazhar shared that UK is the second largest investor in Pakistan with net FDI of US 1117.3 million in FY 2020 and a number of British companies with substantial investments are successfully operating in the country.

Published 20 May, 2021 10:27am

Business & Finance

Engro planning a massive multi-billion-dollar chemical complex

Engro Corporation has selected Honeywell UOP and W. R. Grace & Co. as technology partners to use their licensed process technology for the $1.5 billion, 750,000 Propane Dehydrogenation (“PDH”) and Polypropylene (“PP”) production.

Published 19 May, 2021 02:29pm

Business & Finance

Restaurants demand resumption of indoor, outdoor dining

The association said that the restaurant industry was coronavirus's biggest victim, which was shut down immediately by the government in light of measures adopted to curb COVID spread.

Published 19 May, 2021 01:25pm

Business & Finance

Ex- State Minister says intl companies keen to invest billions in Pakistan

Ghuman said that after decades a number of international investors including Canadian National Railway Company, Deutsche Bahn (Germany), Korean, Japanese, and USA companies are ready to commit to investing in Pakistan.

Published 19 May, 2021 11:36am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 18	278.62
USD PKR Interbank Buying / Apr 18	278.32
USD to Japanese Yen / Apr 18	154.30
USD to Swiss Franc / Apr 18	0.91
Pound Sterling to USD / Apr 18	1.25
Euro to USD / Apr 18	1.07

Stock	Volume
S&P 500 / Apr 17	5022.21
Nasdaq / Apr 17	15683.37
Dow Jones / Apr 17	37735.31
India Sensex / Apr 18	72965.85
Tokyo Nikkei / Apr 18	38103.03
Hang Seng / Apr 18	16452.30
FTSE 100 / Apr 18	7883.62
Germany DAX 30 / Apr 18	17795.41

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 16	21735
Gold 10 Grams PKR / Apr 17	215964
Crude Oil USD/Barrel / Apr 18	82.77
Gold Spot USD/Ounce / Apr 18	2374.98
Cotton US¢/pound / Apr 18	81.50
Petrol/Litre / Apr 19	293.94

Gainers
Losers
Leaders

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

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

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