News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

2.3mn Pakistani youth could lose jobs under long term COVID containment: ADB

As per the report titled Tackling the COVID-19 Youth Employment Crisis in Asia and the Pacific, in the 6-month scenario, job losses for youth may equal 6.1 million in India, followed by Pakistan with 2.3 million.

Published 18 Aug, 2020 04:22pm

Markets

Fitch Ratings testament to govt’s ‘balanced and effective’ financial management, says Shaikh

Fitch Ratings on Monday has affirmed Pakistan’s long-term foreign-currency Issuer Default Rating (IDR) at “B-” with a stable outlook.

Published 18 Aug, 2020 01:37pm

Global community recognizes Pakistan’s FATF measures, says Azhar

Azhar told that the government had completed 14 of the 27 action items, whereas, out of the remaining 13, implementation on 11 points had been partially completed.

Updated 18 Aug, 2020 03:32pm

Markets

PTI two-years performance: Govt's sound policies led to economic revival, says Hafeez

Talking about the performance of the finance ministry, Adviser to the Prime Minister on Finance Abdul Hafeez Shaikh said that Pakistan was facing huge challenges when the current government came to power.

Updated 18 Aug, 2020 12:48pm

Pakistan

Pakistan born Nergis Mavalvala to head MIT’s School of Science

Back in 2016, Dr. Mavalvala was among the team of scientists who verified Albert Einstein’s 1915 general theory of relativity.

Published 18 Aug, 2020 11:40am

Business & Finance

These are the Top Richest families in the World

As per the latest list of the 25 richest families in the world released by Bloomberg, these 25 families are involved in various industries, media groups, agribusiness companies, and oil trade.

Published 18 Aug, 2020 10:48am

Markets

Engro Powergen Qadirpur among IPPs to sign MoU with govt

The IPPs have reached an understanding with Committee to alter their existing contractual arrangements in the larger national interest, to the extent of, and strictly with respect to, the matters listed under the Memorandum of Understanding (MoU) signed between the Parties on August 13, 2020.

Published 17 Aug, 2020 04:46pm

Business & Finance

With 100pc booking, Pakistan’s tourism industry growing says govt

The minister was of the view that the development is a clear demonstration of economic activity and the restoration of public confidence.

Published 17 Aug, 2020 03:42pm

Business & Finance

What led to ‘abnormal increase’ in remittances from Saudi Arabia? Expert answers

No cash transaction took place through Hajj/Umrah movement owing to a limited Hajj this year and ban on Umrah in place amid COVID-19, which pushed people towards using formal channels.

Updated 17 Aug, 2020 03:11pm

Business & Finance

Govt decides to provide digital banking facility to Overseas Pakistanis: Zulfi

The SAPM said that overseas Pakistanis will now be able to make direct banking payments and investments in the country.

Updated 17 Aug, 2020 02:58pm

Markets

HUBCO’s Narowal Energy Limited signs MoU with govt

HUBCO informed that under the terms of the MoU the ROE/ROEDC rate shall be changed from current 15pc in US$ to 17pc in PKR with no future US$ indexation.

Published 17 Aug, 2020 11:12am

Markets

Pakistan's remittances hit 'highest ever' of $2.76bn in July

As per details, the remittances showed 12.2 percent increase over June 2020 and 36.5pc increase over July 2019.

Published 17 Aug, 2020 10:58am

Markets

Tech giant Amazon sets foot in Pakistan

As per details, Amazon, the world’s largest eCommerce platform has registered an office in Pakistan under the name Amazon Data Services Pakistan (Pvt) Ltd.

Published 15 Aug, 2020 04:38pm

Markets

Pakistan’s ‘Blue Economy’ policy to revitalise shipping sector: PM

The Prime Minister said we will ensure that Pakistan fulfills its enormous maritime potential.

Published 15 Aug, 2020 02:02pm

Business & Finance

Pakistan to appeal against European Air Safety Agency ban

Just days ago, EASA rejected the appeal of Pakistan International Airlines (PIA), as the agency decided to maintain the ban on PIA flights till December 31.

Published 15 Aug, 2020 12:20pm

Markets

Pakistan’s home appliances manufacturer enters into house building, real estate

The development comes as the company appoints Adnan Afaq as Chairman and Haroon Ahmed Khan as Chief Executive Officer of the company for a period of three years.

Published 15 Aug, 2020 11:01am

Business & Finance

Investigative team that saved Pakistan from $1.2bn penalty in Karkey case awarded Sitara e Imtiaz

As per details, Brig Rana Arfan Shakeel Ramay, Lt Col Farooq Shahbaz, and International Dispute Unit Head Ahmed Irfan Aslam worked hard in gathering information from Swiss, Lebanese, and Dubai banks regarding the corruption of Turkish power rental company, Karkey.

Updated 15 Aug, 2020 05:20pm

Supreme Court issues detailed verdict of GIDC case

Justice Faisal Arab of the Supreme Court wrote a detailed decision of 78 pages. The decision was written by a majority of 2-1.

Published 13 Aug, 2020 03:39pm

Business & Finance

Wheat crisis in Sindh: Price of flour jumps to Rs 65-70 per kg

In the open market, the price of wheat has gone up to Rs 52 per kg, which was Rs 35-36 per kg last year.

Published 13 Aug, 2020 01:53pm

Technology

Pakistani researchers from LUMS among winners of Facebook misinformation project

Among the global list of winners are Agha Ali Raza and Ihsan Ayyub Qazi from Lahore University of Management Sciences (LUMS), whose proposal shone during the competitive selection process.

Updated 15 Aug, 2020 01:13pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 30	278.40
USD PKR Interbank Buying / Apr 30	278.20
USD to Japanese Yen / May 1	155.98
USD to Swiss Franc / May 1	0.92
Pound Sterling to USD / May 1	1.25
Euro to USD / May 1	1.07

Stock	Volume
S&P 500 / May 1	5018.39
India Sensex / May 1	74482.78
Tokyo Nikkei / May 1	38093.34
Nasdaq / May 1	15605.48
Hang Seng / May 1	17763.03
FTSE 100 / May 1	8121.24
Dow Jones / May 1	37903.29
Germany DAX 30 / May 1	17932.17

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 30	20535
Gold 10 Grams PKR / Apr 30	207390
Crude Oil USD/Barrel / May 1	79.18
Gold Spot USD/Ounce / May 1	2324.96
Cotton US¢/pound / May 1	76.51
Petrol/Litre / May 2	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 2 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 2 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 2 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 2 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 2 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 2 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 2 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 2 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 2 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 2 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 2 Telecard Limited(TELE)	12,358,668 ▲ 0.00

Markets →

Calculate your monthly liability in FY24

Most Popular