News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

Moving towards renewable; Pakistan launches Electric Charging Station

Omar Ayub said that by 2023 Pakistan will generate 75-80pc of its electricity from its local sources including nuclear, hydro, and coal power, which will reduce the electricity tariffs for the end customers.
The opening of a charging station in Islamabad will help encourage electric vehicles as future transportation in the country, says Babar.

Published 29 Jul, 2020 01:14pm

Markets

Pakistani Equities likely to move higher over the next six months: Study

“We believe stock prices have already priced in plenty of negatives, and that Pakistani equities are likely to move higher over the next six months,” it said.

Published 29 Jul, 2020 12:01pm

Pakistan

Disruption in Amazon Web Services Not due to PUBG ban: PTA

"This phenomenon was not specific to Pakistan only but users in other countries including the United States also experienced similar issues,” said PTA.

Published 29 Jul, 2020 11:02am

Business & Finance

British Airways to resume flight operations to Pakistan

As per details, the carrier is resuming its air operations to Pakistan from August, the British company will operate three flights a week from Heathrow to Islamabad.

Published 28 Jul, 2020 02:52pm

Pakistan

IBM launching Open P-tech learning platform in Pakistan

“IBM is launching Open P-TECH in Pakistan to help develop talent and equip them with technical and professional proficiency in AI, Data Science, Cybersecurity, Cloud, etc - enabling our workforce for a Digital Pakistan,” said Aidrus in a tweet post.

Published 28 Jul, 2020 02:46pm

Markets

Pakistan receives $505mn from WB

The disbursements under the programme will strengthen foreign exchange reserves and provide liquidity for the economy.

Published 28 Jul, 2020 02:08pm

Business & Finance

Despite slowdown Pakistan’s external account has been stabilized: Monthly Economic Outlook

During FY2020, current account deficit is reduced by 77.9% to $ 2.9 billion (1.1 % of GDP) against $ 13.4 billion last year (4.8 % of GDP).

Published 28 Jul, 2020 01:40pm

Pakistan

WB, Sindh govt to launch SWEEP project for Karachi

Illango informed that the project is currently being appraised and no funds have been approved or disbursed.

Published 28 Jul, 2020 12:43pm

Business & Finance

PIA makes alcohol test mandatory for cabin crew

According to the notification, the cabin crew has been required to undergo a Breathalyzer test. The notification said that the purpose of the test was to prevent the use of alcohol and drugs in the crew.

Published 28 Jul, 2020 12:21pm

Business & Finance

FBR dismisses three employees involved in misconduct

FBR has issued dismissal orders in accordance with Efficiency and Discipline Rules-1973 after their official misconduct was confirmed during the official inquiry.

Published 28 Jul, 2020 11:43am

Markets

Govt directs authorities to launch investigation against 'sugar mafia'

As per details, the government has directed the Federal Board of Revenue (FBR), Securities and Exchange Commission of Pakistan (SECP) and the Federal Investigation Agency (FIA) to begin the investigation on the basis of the Sugar Commission report.

Published 27 Jul, 2020 04:32pm

Markets

Why are gold prices rising in Pakistan and internationally?

Experts have identified the factors behind the rise in gold rates.

Published 27 Jul, 2020 03:18pm

Business & Finance

Afghan transit trade through Gwadar port initiated

As per details, the first consignment of Pak-Afghan transit trade goods has been sent to Afghanistan by road from Gwadar deep seaport.

Published 27 Jul, 2020 02:53pm

Business & Finance

Pakistan, China to soon agree on a trade-in-services agreement, says Chinese scholar

Work on services sector-focused economic zones under the China-Pakistan Economic Corridor (CPEC) would be established.

Published 27 Jul, 2020 01:08pm

Pakistan

Load shedding continues in Karachi after rains

As per details, inhabitants of Liaquatabad, Nazimabad, New Karachi, Lines Area, Old Area, Gulistan-e-Jauhar areas stayed awake at night owing to no power blackout.

Published 27 Jul, 2020 12:23pm

Business & Finance

Govt to roll put discounted airfares, pension scheme for Overseas Pakistanis

Bukhari informed that the government will also launch a pension scheme for overseas Pakistani

Published 27 Jul, 2020 11:21am

Markets

Gold hits another all-time high

According to Sindh Jewellers Association, the price of 22-carat gold has reached Rs 110,458 per 10 grams while the price of silver with an increase of Rs 20 is now being sold at Rs1,420 per tola.

Published 25 Jul, 2020 03:19pm

Business & Finance

After Rafale jets, war frenzy India eyes to purchase HAMMER missiles from France

The Indian Army is signing an agreement for 60-70 km hammer missiles using the emergency powers recently given to Indian Prime Minister Narendra Modi and it is believed that the agreement is being done in the context of recent tensions with China.

Published 25 Jul, 2020 02:01pm

Technology

Made in Pakistan drones to benefit agriculture and LEAs, says Chaudhry

The newly developed drones will not only be used in the agricultural sector but for patrolling and monitoring as well.

Published 25 Jul, 2020 01:30pm

Business & Finance

36,000 Pakistanis lost jobs in Gulf region amid COVID-19

Despite, job losses mounting into thousands the SAPM was of the view that the figures are minuscule compared to the overall impact of Covid-19 in economies of the region.

Published 25 Jul, 2020 12:44pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 16	5297.10
Nasdaq / May 16	16698.32
Dow Jones / May 16	39869.38
India Sensex / May 17	73946.83
Tokyo Nikkei / May 17	38787.38
Hang Seng / May 17	19525.75
FTSE 100 / May 17	8430.62
Germany DAX 30 / May 17	18692.83

Item	Value
Petrol/Litre / May 17	273.10
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210048
Gold Spot USD/Ounce / May 17	2386.18
Diesel/Litre / May 17	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 17 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 17 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 17 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 17 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 17 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 17 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 17 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 17 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 17 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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