News stories for Ali Ahmed - Business Recorder

Ali Ahmed

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

Business & Finance

China’s RNL Technologies plans to produce EV chargers in Pakistan

He further said that after the announcement of the new EV policy the market demand for EVs has increased and more new EV manufacturers are coming to Pakistan.

Published 19 May, 2021 10:35am

Business & Finance

Profit rates on National Saving Schemes slashed

The reduction in profit rates on schemes, including Shuhada 'Family Welfare Accounts and Pensioners' Benefit Accounts, will take effect from May 19.

Published 19 May, 2021 10:12am

Technology

Pakistan’s teledensity reach 85pc, 88pc has access to internet: PTA

“There are now over 100 million broadband subscribers with total teledensity at 85pc, over 181 million mobile subscribers and 2.4 million fixed-line subscribers,” said PTA.

Published 18 May, 2021 01:40pm

Business & Finance

PM urges ministries for quick follow up on agreements with KSA

During PM Khan's three days visit to Saudi Arabia, a number of bilateral agreements/memoranda of understanding (MoU) were signed between Prime Minister Imran Khan and Crown Prince Mohammed bin Salman.

Published 18 May, 2021 12:34pm

Business & Finance

Diseases causing poultry rates to skyrocket

In the current situation, the increase in the rate of poultry is due to an attack on poultry farms by the disease of Rani Kheet.

Published 18 May, 2021 11:53am

Technology

Pakistan installs 4G BTS at K2 Base camp

PTA informed that a 4G Base Transceiver Station (BTS) has been installed at K2 Base camp area of Concordia in order to provide better communication facilities to the mountaineers and trekkers.

Published 18 May, 2021 10:23am

Business & Finance

Pakistan's Remittances rise to all-time high of $2.8bn in April

Remittance inflows during July-April FY21 were mainly sourced from Saudi Arabia ($6.4 billion), United Arab Emirates ($5.1 billion), United Kingdom ($3.3 billion) and the United States ($2.2 billion).

Published 18 May, 2021 09:50am

Business & Finance

POL prices expected to rise

The new prices will apply tonight at 12 noon and will remain in effect till May 31.

Published 17 May, 2021 03:52pm

Technology

KP appoints Waqar Zaka as cryptocurrency expert

Zaka has been appointed by the provincial government as an expert in an advisory committee overseeing its digital assets including cryptocurrency and cryptomining.

Published 17 May, 2021 02:22pm

Business & Finance

BAHL acquires Centrepoint Building

The company informed that after satisfactory due diligence, obtaining the requisite approvals and consents, completing the necessary formalities, and the execution of appropriate contracts, the parties have successfully completed the sale and purchase transaction for the Centrepoint Building.

Published 17 May, 2021 01:42pm

Business & Finance

ODGCL discovers gas reserves in Balochistan

OGDCL said that the discovery of Jandran X-04 is the result of aggressive exploration strategy adopted by the company.

Published 17 May, 2021 11:46am

Business & Finance

Packages, Mitsubishi finalise price for Tri-Pack stake

As per JV agreement between the parties, the company has first right of refusal to purchase the entire shareholding of Mitsubishi Corporation.

Published 17 May, 2021 10:47am

Business & Finance

PM lauds Nishtar after Ehsaas program achieves intl recognition

World Bank has recognized Pakistan’s government Ehsaas Emergency Cash program among the top four social protection interventions globally in terms of number of people covered.

Published 17 May, 2021 10:03am

Pakistan

WB recognizes Ehsaas Emergency Cash program among world's largest in terms of coverage

The report stated that Pakistan was also among the top 5 lower middle income countries by level of social protection spending.

Updated 15 May, 2021 05:20pm

Business & Finance

Pakistan economic growth projected to be 3pc: Baqir

He said that despite coronavirus pandemic, economic indicators are strong this year.

Updated 15 May, 2021 10:42am

Business & Finance

Pakistan weigh 0.02pc in MSCI EM

Pakistan now has a weight of 0.023 percent as compared to 0.016pc previously. Additionally, Pakistan's weight in the small cap index has been revised to 037 9pc.

Published 12 May, 2021 03:35pm

Business & Finance

Pakistan exports to EU cross over $7.4bn in Jul-Apr 2021

“EU is a very important market for us and we greatly appreciate the tireless efforts of our exporters for making this possible under very difficult conditions,” he said.

Published 12 May, 2021 01:51pm

Business & Finance

Poultry rates skyrocket in metropolis

The price of live chicken was up Rs. 330 per kg after which the vendors increased the price of meat to Rs. 560 per kg.

Updated 12 May, 2021 01:14pm

Business & Finance

Govt says multi-billion dollars Qatari investment not diverted to Bangladesh

Earlier, local media reports said that Pakistan and Qatar authorities had negotiated $5 billion investment projects in Pakistan but they could not be materialized.

Published 12 May, 2021 11:19am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 23	278.40
USD PKR Interbank Buying / Apr 23	278.10
USD to Japanese Yen / Apr 23	154.75
USD to Swiss Franc / Apr 23	0.91
Pound Sterling to USD / Apr 23	1.24
Euro to USD / Apr 23	1.07

Stock	Volume
S&P 500 / Apr 23	5070.55
India Sensex / Apr 23	73738.45
Tokyo Nikkei / Apr 23	37552.16
Nasdaq / Apr 23	15696.64
Hang Seng / Apr 23	16828.93
FTSE 100 / Apr 23	8044.81
Dow Jones / Apr 23	38503.69
Germany DAX 30 / Apr 23	18137.65

Item	Value
Crude Oil USD/Barrel / Apr 23	83.54
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Gold Spot USD/Ounce / Apr 23	2323.25
Cotton US¢/pound / Apr 23	81.72
Petrol/Litre / Apr 24	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 24 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 24 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 24 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 24 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 24 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 24 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 24 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 24 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 24 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 24 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 24 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 24 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 24 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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