News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Punjab produces 20mn metric tons of wheat: Fawad

“This historic development was possible despite the outbreak of coronavirus,” he said.

Published 12 May, 2021 10:50am

Business & Finance

Pakistan’s exports to US cross $4bn mark

The advisor said that this is a substantial increase of USD 918 million and credit goes to Pakistani exporters for making this possible under difficult global conditions.

Published 11 May, 2021 01:34pm

Business & Finance

Despite COVID Pakistan’s citrus exports show double digit growth

The advisor commended the hard work of the local citrus exporters and encourage them to achieve even better results in next season.

Published 11 May, 2021 12:37pm

Business & Finance

Sindh initiates Participatory Form of Budgeting

“Citizens are requested to fill the questionnaire/survey designed to incorporate the citizens’ recommendations in next year’s budget,” it added.

Published 11 May, 2021 10:53am

Technology

Twitter has got a new feature that lets you monetize your post

“Tip Jar is an easy way to support the incredible voices that make up the conversation on Twitter. This is a first step in our work to create new ways for people to receive and show support on Twitter – with money,” said Esther Crawford, a senior product manager at the company, on Twitter's blog.

Published 11 May, 2021 10:24am

Business & Finance

Egyptian electrical giant acquires Pakistani transformers manufacturer

The multi-billion dollar company said that it plans to introduce its power inverters technology to boost the growth of the Pakistani company, in order to reach a production capacity of 5,500 MW.

Published 10 May, 2021 01:35pm

Business & Finance

Moving towards growth mode, Pakistan to spend $6bn on development

“That’s the bare minimum we need for a country this size,” said Tarin, who will be presenting a new budget in June.

Published 10 May, 2021 12:46pm

Business & Finance

Kamyab Jawan Program providing platform to Pakistan's transgender community

Sonia Naz, a trans artist and a fashion designer is one such individual who has started her own business with Rs 1 million under the scheme.

Published 10 May, 2021 11:48am

Business & Finance

Pakistan set eyes on Central Asian countries in bid to expand trade

“We’re too restricted to a few countries -- North America, European Union and China,” said Dawood.

Published 10 May, 2021 10:43am

Technology

What will happen to your WhatsApp account after May 15?

No one will have their accounts deleted or lose functionality of WhatsApp on May 15th because of this update.

Published 08 May, 2021 01:10pm

Business & Finance

Locally produced COVID vaccine to be available by May end

Due to the agreement on technology transfer, the National Institute of Health (NIH) will be able to produce three million doses per month which will significantly reduce the country’s dependence on other countries.

Published 08 May, 2021 12:08pm

Business & Finance

SECP considering conversion of physical shares into book-entry form

As per SECP, in order to minimize shareholding disputes and make the entire process of holding, monitoring, and transferring of shares much easier, cost-efficient and transparent, the SECP is considering a proposal requiring all the public listed, public unlisted, public interest and private limited companies to have their shares in book-entry form in compliance with Section 72 of the Companies Act, 2017.

Published 08 May, 2021 11:14am

Business & Finance

PIA incurs over Rs7.5bn losses in first three months as Covid-19 dents aviation

Due to extremely challenging environment on account of COVID-19, PIA has attained gross loss of Rs 3.6 billion and operating loss of Rs 5.4 billion during the period ended March 31 2021.

Published 08 May, 2021 10:48am

Business & Finance

Pakistan exports to UK witness 31pc growth

These are the highest-ever exports to UK in a 10-months’ period, said Dawood.

Published 08 May, 2021 10:26am

Technology

IBM unveils world's first 2nm chip

IBM claims that the use of new technology will also increase the battery life of mobile phones by four times, after which the phone will need to be charged only once in 4 days.

Published 07 May, 2021 03:40pm

Business & Finance

Amazon’s Pakistan addition major breakthrough for local companies, SMEs

The advisor said that the development is a big opportunity for Pakistani companies including the SMEs to use the platform of Amazon to connect with the global market and export their products.

Published 07 May, 2021 02:19pm

Business & Finance

Pakistan eyes KSA investment in power sector

During the visit, the Prime Minister’s consultations with the Saudi leadership will cover all areas of bilateral cooperation including economic, trade, investment, energy, job opportunities for Pakistani workforce, and welfare of Pakistani Diaspora in the Kingdom.

Published 07 May, 2021 12:05pm

Business & Finance

Pakistan, UK launch initiative to promote SMEs in country

The International Trade Centre (ITC) will implement the Revenue mobilization, Investment and Trade Programme (REMIT) programme.
These efforts are part of a larger UK-supported REMIT programme aimed at contributing to sustainable and inclusive economic development in the country.

Published 07 May, 2021 11:27am

Business & Finance

National Saving Schemes; rates reduced

The rate of return on Defense Savings Certificates, Behbood, Shuhada family and Pensioners Certificates and Savings Accounts and Short Term Certificates for one year will remain the same.

Published 07 May, 2021 10:48am

Business & Finance

MMBL secures ‘Positive Outlook’ credit rating from PACRA

Commenting on the achievement, Chief Finance & Digital Officer Mobilink Bank, Sardar Mohammad Abubakr said: “We are committed to focusing on untapped market & customer opportunities that map well with our strategic ambitions for SME and Digital Businesses.

Published 06 May, 2021 02:24pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 3	278.23
USD PKR Interbank Buying / May 3	278.03
USD to Japanese Yen / May 3	153.05
USD to Swiss Franc / May 3	0.91
Pound Sterling to USD / May 3	1.25
Euro to USD / May 3	1.08

Stock	Volume
S&P 500 / May 3	5127.79
India Sensex / May 3	73878.15
Tokyo Nikkei / May 3	38236.07
Nasdaq / May 3	16156.33
Hang Seng / May 3	18475.92
FTSE 100 / May 3	8213.49
Dow Jones / May 3	38675.68
Germany DAX 30 / May 3	18001.60

Item	Value
Crude Oil USD/Barrel / May 3	78.11
Karachi Cotton PKR/37.32 KG / May 3	20535
Gold 10 Grams PKR / May 3	205418
Gold Spot USD/Ounce / May 3	2301.74
Cotton US¢/pound / May 3	78.06
Petrol/Litre / May 4	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 4 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 4 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 4 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 4 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 4 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 4 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 4 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 4 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 4 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 4 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 4 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 4 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 4 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 4 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 4 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 4 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 4 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 4 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 4 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 4 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 4 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 4 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 4 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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