News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Flour rates come down as Sindh govt release wheat

The food department has released 85,000 metric tonnes of wheat at the rate of Rs 36.87 per 100 kg.

Published 23 Oct, 2020 03:31pm

Business & Finance

Belt & Road Initiative: GIP renews focus to increase green investments

Building on the Report findings, a three-year plan for the GIP, “Vision 2023”, was put forward at the meeting.

Published 23 Oct, 2020 02:36pm

World Bank approves $304mn for Punjab's 'PRIDE' program

The program supports efficiencies in public resource management that generate savings and create fiscal space for growth-generating investments in the Punjab province.

Published 23 Oct, 2020 12:47pm

Markets

Govt establishes special purpose vehicle to issue Islamic Naya Pakistan Certificates

The State Bank of Pakistan (SBP) informed that the company shall be managed under the mandate of its Board of Directors (BoDs).

Published 23 Oct, 2020 11:35am

Business & Finance

FATF to decide Pakistan’s status today

The plenary meeting of the FATF would decide on the basis of measures taken by the government against money laundering and terror financing, whether Pakistan should be excluded from its “grey list” or not.

Published 23 Oct, 2020 11:11am

Business & Finance

FATF Plenary: PTI leader says decision on Pakistan's status to be taken in March

She said that the FATF meeting to be held today (Friday) would not decide regarding Pakistan's grey list status, the decision to keep Pakistan on the grey list or be removed from it will be made in March next year, in the final session.

Published 23 Oct, 2020 10:45am

Business & Finance

Banks assure govt to facilitate promotion of the construction sector

Governor State Bank Dr. Reza Baqir briefed the meeting about the provision of loans to the poor and the middle class on easy installments.

Published 22 Oct, 2020 04:35pm

Technology

PTA launches online portal for IP Whitelisting and VPN registration

It may be further added that, previously, call centers and companies had to route their applications through relevant Internet Service Providers (ISPs).

Published 22 Oct, 2020 03:51pm

Business & Finance

CAA impose fines on Turkish Airlines for violating COVID19 SOPs

The CAA imposed a fine of Rs 100,000 on Turkish Airlines for violating the COVID19 virus SOPs in accordance with aviation laws.

Updated 22 Oct, 2020 02:47pm

Reforms needed to turn Pakistan into a ‘resilient economy’: IMF’s Georgieva

Georgieva was of the view that the government’s policy response and support from the international community helped mitigate the impact of COVID19.

Published 22 Oct, 2020 11:26am

Business & Finance

Over 500mmcf gas shortfall expected in coming winters

Tufail said that the continuous depletion of gas reserves is a matter of great concern, while the demand for gas is increasing and production is declining, which will exacerbate the gas crisis in December-January.

Published 22 Oct, 2020 11:04am

Business & Finance

FATF Plenary: What measures has Pakistan taken to be excluded from ‘grey list’?

The government of Pakistan has taken a number of measures to get the country out of the ‘grey list’.

Published 22 Oct, 2020 10:36am

Business & Finance

State Bank extends timeline in implementation of circulars due to COVID19

Based on the representation of the banking industry regarding challenges faced by the industry in meeting the timeline due to COVID19, it has been decided to extend the timelines for various SBP circulars/guidelines' requirements.

Published 21 Oct, 2020 03:30pm

Business & Finance

Hundreds of Pakistani healthcare professionals to depart for Kuwait

Last month the Ministry of Overseas Pakistanis and Human Resources announced that Pakistan is planning on sending 100,000 skilled workers to Kuwait.

Updated 21 Oct, 2020 09:19pm

Markets

A tough road ahead for global industries in 2021: EIU

This year more uncertainties and risks lie ahead as the world stutters into recovery, said EIU.

Updated 21 Oct, 2020 09:21pm

Business & Finance

FATF session: Why it’s important for Pakistan to get out of the ‘grey list’?

Whether Pakistan would stay on the grey list is vital for the country, especially if taking into account the economic implications of the body's decision.

Updated 21 Oct, 2020 01:11pm

Technology

Careem enters Lahore to grab food delivery industry

The food delivery market in the region Careem operates in is predicted to grow to around $25 billion by 2022.

Published 21 Oct, 2020 11:56am

Business & Finance

Treet Corporation exiting the education sector, to sell GAL

The company has signed a Memorandum of Understanding (MoU) with an interested party on off October 20 2020 for inter alia sale of 100 percent shares of the subsidiary Global Arts Limited (GAL) and transfer of control thereof

Published 21 Oct, 2020 11:31am

Pakistan's C/A post surplus for third successive month on back of remittance & exports

The SBP was of the view that continued buoyancy in remittances (up 9 percent m/m) and a broad-based rebound in exports (up 29pc m/m) drove the current account surplus in September.

Updated 21 Oct, 2020 04:49pm

Business & Finance

State Bank’s DPC goes digital

The DPC is a subsidiary of State Bank of Pakistan, established under the DPC Act 2016.

Published 20 Oct, 2020 04:08pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 24	278.50
USD PKR Interbank Buying / Apr 24	278.25
USD to Japanese Yen / Apr 24	154.89
USD to Swiss Franc / Apr 24	0.91
Pound Sterling to USD / Apr 24	1.24
Euro to USD / Apr 24	1.07

Stock	Volume
S&P 500 / Apr 23	5070.55
Nasdaq / Apr 23	15696.64
Dow Jones / Apr 23	38503.69
India Sensex / Apr 24	73884
Tokyo Nikkei / Apr 24	38460.08
Hang Seng / Apr 24	17176.31
FTSE 100 / Apr 24	8079.79
Germany DAX 30 / Apr 24	18202.76

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Petrol/Litre / Apr 24	293.94
Crude Oil USD/Barrel / Apr 24	83.46
Gold Spot USD/Ounce / Apr 24	2319
Diesel/Litre / Apr 24	290.38

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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