News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Hubco, DHA plan to develop Sea Water Reverse Osmosis Project

Hubco and DHA also plan to develop a five million gallons per day of potable water project based on Sea Water Reverse Osmosis technology for which Hubco already possesses the first right of refusal.

Updated 11 Dec, 2020 04:57pm

Business & Finance

Pakistan, US identify opportunities to expand Trade & Investment

It was learned that the latest data shows Pakistan’s exports to the United States hit record levels in October ($430 million) and November ($437 million).

Published 11 Dec, 2020 02:30pm

Business & Finance

Need to sustain strong Remittances flow to get ‘true economic independence’: Asad

The minister in a tweet post on Friday said that strong remittance flows are significantly helping with Pakistan’s external account.

Published 11 Dec, 2020 12:11pm

Business & Finance

Abdul Hafeez Shaikh sworn in as Federal Minister, takes charge of Finance

Shaikh was previously serving as an Advisor to the Prime Minister on Finance.
IHC has ruled that unelected advisers and special assistants could not head government’s committees and has barred Advisor to Prime Minister Imran Khan on Finance and Revenue Dr Abdul Hafeez Sheikh from heading the Cabinet Committee on Privatisation (CCoP).

Updated 11 Dec, 2020 02:06pm

Business & Finance

Pakistan eyeing to protect its products using GIs

The advisor also requested all stakeholders to inform as to what course of action the Ministry of Commerce and IPO should take in case of salt.

Published 11 Dec, 2020 11:20am

Business & Finance

Trend Continues; Remittances from Overseas Pakistanis remain above $2bn

In aggregate, remittances rose to an unprecedented $11.8 billion during Jul-Nov FY21, 26.9pc higher than the same period last year.

Updated 11 Dec, 2020 11:43am

Business & Finance

CAA issues new travel advisory for foreign travelers entering Pakistan

The notification issued by the CAA's Director of Transport states that the number of passengers arriving from abroad has been divided into 3 categories with reference to Coronavirus.

Published 10 Dec, 2020 04:15pm

Business & Finance

Despite deadline, FBR allows taxpayers to file Returns

Special instructions were issued to the field offices to provide all possible facilities to the taxpayers so that the taxpayers could file their tax returns on time.

Published 10 Dec, 2020 03:28pm

Business & Finance

British Cos keen to invest in Pakistan’s energy sector

The envoy also indicated that approximately $1.5 billion of credit line for export credit facility remains largely unused and urged Pakistani projects to utilize it more.

Published 10 Dec, 2020 01:48pm

Business & Finance

Govt decides to ban sale of Rs. 25,000 prize bonds with immediate effect

As per the notification, National Prize Bonds of Rs. 25,000 denomination shall not be sold with immediate effect and will not be encashed / redeemed after 31st May 2021.

Published 10 Dec, 2020 12:56pm

Business & Finance

Highest ever daily amount remitted in Roshan Digital Account: SBP

“To date, total inward remittances into RDA have reached $139.4 million, with $81 million invested in Naya Pakistan Certificates (NPCs),” it added.

Published 10 Dec, 2020 11:28am

Business & Finance

Over 20mn mobile devices locally manufactured in Pakistan since 2019

It informed that since the implementation of PTA DIRBS, the import of mobile devices via legal channels has increased from 17.2 Million in 2018 to 28.02 Million in 2019 (63% increase). In 2020, 32.83 million devices have so far been imported.

Published 10 Dec, 2020 10:48am

Business & Finance

Avanceon to deploy Emergency Shutdown System at Fauji Fertilizer

The project worth approx Rs 25 million is currently in its initial stages and Avanceon expects to complete within the agreed timeline.

Published 09 Dec, 2020 04:18pm

WB approves $300mn for Pakistan’s Natural Disasters, Solid Waste Management

These investments will bolster Pakistan’s efforts to build resilience to natural hazards such as floods and droughts in the Sindh province, and will strengthen solid waste management in Karachi.

Published 09 Dec, 2020 03:05pm

Business & Finance

PM Khan calls for ‘inclusive development’ urges to adopt the Chinese model

PM Khan said that Pakistan's biggest issue is its diminishing Foreign Exchange reserves, as Pakistan imports more than its exports that balloons the Current Account Deficit, and adds pressure on PKR, which leads to inflation.

Published 09 Dec, 2020 02:31pm

Business & Finance

Govt intends to reindustrialize Pakistan: Hammad Azhar

Hammad said that the government would further introduce measures to facilitate business in the coming budgets.

Published 09 Dec, 2020 01:29pm

Business & Finance

PM inaugurates AirSial, Pakistan’s third private airline

Just days ago, this Pakistani airline received its second aircraft, Airbus A320, at Sialkot Airport. The airline’s initial operations will rely on three Airbus A320-200s, which the airline has leased from AerCap, Dublin-based aircraft leasing giant. It

Published 09 Dec, 2020 12:50pm

Business & Finance

PM to inaugurate AirSial Airlines today

During the visit, the Prime Minister will inaugurate AirSial Airline, the country's third private airline, and other development projects besides meeting political, social and business community members in the city.

Published 09 Dec, 2020 10:49am

Business & Finance

Transit to Afghanistan: ‘Strategic Endeavor’ carrying fertilizer arrives at Gwadar Port

This new initiative provides business opportunity generating employment for logistics companies and labor services and promoting trade facilitation, says Customs.

Published 09 Dec, 2020 10:29am

Business & Finance

Success for Pakistan; Illegal registration of “KERNAL” rice trademark canceled

The minister thanked the Rice Exporters Association of Pakistan (REAP) for bringing the issue to the Ministry of Commerce’s notice.

Published 08 Dec, 2020 04:49pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 24	278.59
USD PKR Interbank Buying / Apr 24	278.39
USD to Japanese Yen / Apr 24	155.21
USD to Swiss Franc / Apr 24	0.91
Pound Sterling to USD / Apr 24	1.25
Euro to USD / Apr 24	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
India Sensex / Apr 24	73852.94
Tokyo Nikkei / Apr 24	38460.08
Nasdaq / Apr 24	15712.75
Hang Seng / Apr 24	17201.27
FTSE 100 / Apr 24	8040.38
Dow Jones / Apr 24	38460.92
Germany DAX 30 / Apr 24	18088.70

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Crude Oil USD/Barrel / Apr 24	82.83
Gold Spot USD/Ounce / Apr 24	2318.17
Cotton US¢/pound / Apr 24	81.01
Petrol/Litre / Apr 25	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 25 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 25 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 25 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 25 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 25 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 25 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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