News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Withdrawal of tax exemptions to take toll on trade & industry, say experts

The government has withdrawn a wide range of income tax exemptions to the emerging sectors and industries including IT sector; exemption on profit and gains derived by LNG terminal operators and terminal owners and exemption available to the Pakistan Mortgage Refinance Company under the Tax Laws (Second Amendment) Ordinance, 2021.

Published 05 Apr, 2021 01:38pm

Technology

Facebook gives users more control over comments on public posts

“By adjusting your commenting audience, you can further control how you want to invite conversation onto your public posts and limit potentially unwanted interactions," said the platform.

Updated 05 Apr, 2021 12:39pm

Business & Finance

Approached IMF due to weak economic conditions, says Baqir

He said SBP will implement those policies which benefit the economy of Pakistan.

Published 05 Apr, 2021 10:42am

Business & Finance

Pakistan’s Trade Deficit balloons over $ 20bn in 9MFY21

According to data released by the Pakistan Bureau of Statistics (PBS), the trade deficit for the month of March 2021 was recorded at $ 3.271bn, showing a month-on-month increase of 28.02 percent as compared to a deficit of $2.555bn recorded in February 2021.

Published 03 Apr, 2021 01:39pm

Technology

What will iPhone 13 look like?

According to experts, in 2021, four models of iPhone 13 will be launched namely; iPhone 13 Pro, iPhone 13 Pro Max, iPhone 13, and iPhone 13 mini.

Published 03 Apr, 2021 12:45pm

Technology

Pakistan’s Mobile Broadband subscribers cross 100mn mark

It informed that broadband is provided over 3G/4G networks with an average download speed of 17.7 Mbps and upload speed of 11.3 Mbps (mobile) which is above the speed levels in other regional countries.

Published 03 Apr, 2021 11:35am

Business & Finance

Private Sector Wheat procurement: SBP amends instructions

Banks are required to strictly fulfill the conditions for extending financing to eligible borrowers, which should be licensed and functional flour mills duly evidenced by some documentation or licensed wheat traders registered with the concerned authority/department.

Published 03 Apr, 2021 11:03am

Technology

USF awards Rs 2.07bn contract to Ufone, for providing High Speed Mobile Broadband

The Ministry of IT and Telecommunication through USF has contracted various development projects worth approximately PKR 7 Billion to provide High-Speed Mobile Broadband services in districts of Chagai, Noshki, Bolan, Mastung, Panjgur, Gwadar, Ziarat, Jaffarabad and Pishin.

Published 02 Apr, 2021 04:58pm

Business & Finance

No plan to privatize PIA assets, Sarwar informs NA

He said routes that were bearing loss have been closed and flights on profitable routes have been added which has resulted in a reduction of losses.

Published 02 Apr, 2021 02:10pm

Markets

PSX inks agreement to launch E-IPO System

8 The E-IPO system will electronically connect investors, share registrars with brokers / TRE Certificate holders, banks via 1LINK, and the shares custodial company, Central Depository Company (CDC) on a real-time basis with a simplified end-to-end customer experience.

Published 02 Apr, 2021 12:05pm

Business & Finance

Pakistan's Organic Meat Company gets approval to Export beef to China

“This process will enable us to access more markets for value-added meat products,” the company added.

Published 02 Apr, 2021 11:35am

Business & Finance

Deposits in Roshan Digital Accounts cross $ 800mn mark: SBP

Inflows have been accelerating every month since the RDA launch in September 2020.

Published 02 Apr, 2021 11:13am

Business & Finance

Pakistan's Searle announces agreement with China’s Livzon for COVID-19 vaccine

As per Searle, the license agreement also covers the manufacturing transition of the V-01 vaccine in Pakistan.

Updated 01 Apr, 2021 04:49pm

Business & Finance

Federal Cabinet rejects summary of sugar & cotton import from India

After the rejection of the summary by the cabinet, the Prime Minister directed the concerned authorities to intensify efforts to import sugar and cotton from other countries at reasonable prices.

Published 01 Apr, 2021 03:39pm

Business & Finance

Pakistan's Exports cross US$ 2.3bn mark in March

“This is also the first time since 2011 that exports have crossed the $ 2 billion mark for six consecutive months,” said Dawood.

Published 01 Apr, 2021 12:23pm

Business & Finance

PM Khan lauds FBR after ‘historic’ double-digit growth

The prime minister was of the view that the growth is clear signs of the broad-based economic recovery that has resulted from government policies.

Published 01 Apr, 2021 11:39am

Markets

Pakistani Rupee emerges as world’s best currency of 2021

“It’s good to celebrate but equally concern to maintain the competitiveness. I’m on for gradual changes than abrupt,” Aslam added in his tweet post.

Published 01 Apr, 2021 10:53am

Technology

Be careful users, a new tactic to hack WhatsApp account making rounds

It is reported that WhatsApp is not sending any messages regarding the renewal of your account.

Published 01 Apr, 2021 10:22am

Business & Finance

ECC allows Sugar, Cotton import from India

He said that the private sector could import up to 500,000 metric tons of sugar from India.
Hammad Azhar said that they have decided to reduce the prices of petrol and diesel by Rs 1. 50 and Rs 3 per litre, respectively.
On the proposal of the Ministry of Commerce, the ECC has decided to allow cotton import from India as well, which will benefit our SMEs, said Azhar.

Updated 31 Mar, 2021 05:08pm

Business & Finance

Shanghai Electric submits fresh PAI to acquire K-Electric shares

On Tuesday, it was learned K-Electric has received “withdrawal” of Public Announcement of Intention (PAI) for the acquisition of up to 66.40pc voting shares of K-Electric Limited by Shanghai Electric Power Company Limited.

Published 31 Mar, 2021 02:55pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 19	278.45
USD PKR Interbank Buying / Apr 19	278.15
USD to Japanese Yen / Apr 19	154.37
USD to Swiss Franc / Apr 19	0.91
Pound Sterling to USD / Apr 19	1.24
Euro to USD / Apr 19	1.06

Stock	Volume
S&P 500 / Apr 18	5011.12
Nasdaq / Apr 18	15601.50
Dow Jones / Apr 18	37775.38
India Sensex / Apr 19	72222.48
Tokyo Nikkei / Apr 19	37068.35
Hang Seng / Apr 19	16205.02
FTSE 100 / Apr 19	7834.89
Germany DAX 30 / Apr 19	17717.67

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 18	21735
Gold 10 Grams PKR / Apr 18	214077
Crude Oil USD/Barrel / Apr 19	84.27
Gold Spot USD/Ounce / Apr 19	2382.04
Cotton US¢/pound / Apr 19	80.67
Petrol/Litre / Apr 20	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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