News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

HUBCO subsidiary to acquire all upstream operations of ENI in Pakistan

Furthermore, the company will also acquire renewable energy assets owned by Eni in Pakistan.

Published 08 Mar, 2021 04:09pm

Business & Finance

Pakistan’s Capital Market ring the Bell for Gender Equality

Speaking at the occasion, the MD & CEO of PSX, Farrukh H. Khan, said, “I am very pleased that Pakistan Stock Exchange is not only celebrating this event every year for the last four years, but is also making tangible efforts to materialise the objective of gender equality in the capital market and corporate sector of Pakistan”.

Published 08 Mar, 2021 03:41pm

Technology

Researchers develop face masks that can detect COVID-19

The US National Institutes of Health has provided a $1.3 million grant to the University of California for the project.

Published 08 Mar, 2021 02:34pm

Business & Finance

Inflation bites as chicken rate hikes up in Karachi

On the other hand, poultry sellers expressed that the price is likely to rise further due to a shortage of supply from poultry farmers.

Published 08 Mar, 2021 01:28pm

Business & Finance

Govt to launch ‘Brand Pakistan’ to promote tourism sector

Bukhari who also serves as the Chairman of National Tourism Coordination Board (NTCB) informed that Pakistan will get 25 to 30 hotels in coming years as tourism is a priority of the present government.

Published 08 Mar, 2021 10:41am

Business & Finance

ITI regional freight train to launch in coming days

The Istanbul-Tehran-Islamabad (ITI) Freight Train has the capacity to move 750 MT of goods and will complete its one-side trip in 12-days.

Published 06 Mar, 2021 04:11pm

Business & Finance

BOI paves way for colonization in CPEC's Special Economic Zones

Applicants include a Chinese Firm Zhengbang Agriculture Pakistan Pvt Ltd with a plan Rs. 800 m investment. Amongst other 14 local firms, Zahid Jee Textile Mills, Ocean Ceramics & Ittehad Metals to initiate business establishments worth Rs.11.8 billion, Rs. 11.2bn and Rs. 7.5bn, respectively.

Published 06 Mar, 2021 02:48pm

Business & Finance

NEPRA approves additional power supply of 150 MW to KE

NEPRA has accorded final approval of the Tripartite Power Purchase Agreement made between K-Electric, NTDC and CPPA-G for supply of 150 MW from National Grid to K-Electric through 03 WPPs i.e. namely 50 MW Tenaga, 50 MW Zephyr and 50 MW Hydro China Dawood.

Published 06 Mar, 2021 01:09pm

Business & Finance

Work on Karachi's Red Line Project to begin soon

Work on the project will begin soon and will be completed in two years, he said while chairing a meeting on the Red Line Bus project.

Published 06 Mar, 2021 12:18pm

Business & Finance

Pakistan’s Cement Sector Outlook remains Bright says expert despite nominal growth

The sector posted growth of 1.98 percent in February 2021 as compared to February 2020. Total cement despatches during February 2021 were 4.577 million tons against 4.489 million tons despatched during the same month of last fiscal year.

Published 06 Mar, 2021 11:20am

Business & Finance

Pakistan to chair CTD of the World Trade Organisation for 2021

“Under Pakistan’s leadership, the CTD would strive to work for expansion of trade & investment opportunities for Developing Countries,” Dawood added.

Published 05 Mar, 2021 03:45pm

Technology

WhatsApp introduces Private & Secure calling from Desktop

Answering on a bigger screen makes it easier to work with colleagues, see your family more clearly on a bigger canvas, or free up your hands to move around a room while talking.

Published 05 Mar, 2021 03:26pm

Business & Finance

PM directs economic team to resolve flying invoices issue

The Prime Minister said that the issues with the taxation system should be resolved whereas the tax code should be further simplified to facilitate business persons.

Updated 05 Mar, 2021 04:43pm

Business & Finance

Dairy farmers & wholesalers raise Milk rates further

From March 1, the price of milk has been increased by Rs 10 per liter, yoghurt is being sold at Rs 200 per liter, the new rate has been applied to all major shops in the city.

Published 05 Mar, 2021 12:31pm

Business & Finance

Illegal cigarettes worth Rs 20mn confiscated

On inquiry, it was also found that FED amounting to Rs.4.95 million and Sales Tax amounting to Rs. 1.678 million was not deposited in Government Exchequer against supplies of aforesaid cigarettes.

Published 05 Mar, 2021 11:43am

Business & Finance

Hafeez Sheikh's loss could lead to change of guard at Finance Ministry, say Experts

The report was of the view that Sheikh can continue to be the FM for an additional 3 months before the expiration of the six months grace period.

Updated 05 Mar, 2021 11:27am

Business & Finance

FBR launches one-window facility for Punjab businesses

The one-window facility will be used for registration of Sole Proprietor (Individual)/ Association of Persons (AOP) in the Government of Punjab’s Business Portal and FBR.

Published 05 Mar, 2021 10:33am

Business & Finance

PM Khan urges global bodies to provide 'fiscal space' to developing countries

“The COVID-19 pandemic is not over we must ensure the people are secure and ensure earliest possible access to vaccines being produced but on an affordable and equitable basis,” said PM Khan.
“The rich countries have injected $20 trillion to stimulate their economies. Our economy has been equally affected but we do not have the capacity to create such liquidity,” he said

Updated 04 Mar, 2021 05:30pm

Technology

WhatsApp latest feature to reach more users

The tweet added that the feature will be provided with a new release today, but WhatsApp will take some more time to reach all users.

Published 04 Mar, 2021 03:29pm

Business & Finance

China, Pakistan invites foreign investors to participate in CPEC

Nong Rong said in Rashakai SEZ, both Pakistan and China were mutually working to ensure security, visa facilitation, and other infrastructure facilities.

Published 04 Mar, 2021 02:37pm

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
Petrol/Litre / Apr 19	293.94
Crude Oil USD/Barrel / Apr 19	84.27
Gold Spot USD/Ounce / Apr 19	2382.04
Diesel/Litre / Apr 19	290.38

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

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