News stories for Kashaf Ali - Business Recorder

Kashaf Ali

Business & Finance

Pakistan’s Dawaai raises $8.5 million amid expansion plans

Hopes to use recent investment to grow its infrastructure expansion and technology

Updated 10 Jun, 2021 01:15pm

Business & Finance

Pakistan's Abhi raises $2m in seed investment

Karachi-based fintech raises sum for its salary advance platform in a seed round led by Vostok Emerging Finance
Abhi will be the second Pakistani fintech to join Y Combinator’s next batch after TAG

Published 07 Jun, 2021 06:19pm

Govt projects Pakistan economy to grow at 3.94% in FY21

Estimate comes in stark contrast to earlier projections by the SBP and IMF that see growth between 1.5 and 2.5%
National Accounts Committee says recovery to come on back of strong turnaround in industrial sector.

Published 22 May, 2021 12:32am

Markets

SBP hopes to boost investment in Pakistan: Raza Baqir

As the third wave continues to disrupt economies worldwide, Pakistan’s economy has a lot going on in its favour this time, according to the Dr. Raza Baqir, Governor of the State Bank of Pakistan (SBP) in an online session with Nest I/O.
Dr. Raza Baqir explained how the country’s demographic profile, growing mobile penetration rate, and positive economic indicators, especially during the COVID-19 pandemic, have contributed to an increase in investments.

Published 01 May, 2021 10:34am

Pakistan

13 Young Pakistanis Make it to the Forbes 30 Under 30

Thirteen young Pakistanis have made it to the Forbes 30 Under 30 list this year.
The list includes startup founders and young innovators like Hamza Jawaid, Saad Jangda, Muhammad Owais Qureshi, Zohaib Ali, Iman Jamall, Hasib Malik, Yaseen Khalid, M. Saquib Malik, Nabeel Siddiqui, Misha Japanwala, Abdullah Siddiqui, Shayan Mahmud, and Hannia Zia.

Published 23 Apr, 2021 07:54pm

Technology

Amazon Revolutionizes Grocery Shopping with Automated Checkout Technology

Committed to revolutionizing grocery shopping, Amazon is going to introduce automated checkout technology to full-size supermarkets soon.

Updated 22 Apr, 2021 07:51pm

Business & Finance

SBP launches a FX Portal for end-to-end digitalization of FX requests

The State Bank of Pakistan (SBP) has launched a Foreign Exchange (FX) Portal for end-to-end digitalization of FX requests.
Currently, customers of 22 banks can submit their cases digitally from their workplace.

Published 27 Mar, 2021 06:21pm

Business & Finance

World Bank & CDPR Unlock Pakistan’s Income Tax Potential in a New Webinar Series

The Pakistan Development Policy series 2021 is a set of policy discussions organized by CDPR and the World Bank to discuss key reform areas critical to Pakistan’s economic, social and development growth.

Updated 02 Mar, 2021 01:08pm

Business & Finance

Daewoo, Skywell & Hitachi ABB partner to introduce electric buses in Pakistan

Pakistan's Daewoo Express Pakistan, China's Skywell Automobiles and Sweden's Hitachi ABB Power Grids signed a Memorandum of Understanding (MoU) on Thursday to revolutionize Pakistan's transport sector.

Updated 26 Feb, 2021 03:58pm

Technology

IBM to become more environment friendly by 2030

IBM sets new climate goals to get rid of carbon emissions from its operations by 2030.

Published 17 Feb, 2021 02:12pm

Business & Finance

SBP Modernizes Foreign Exchange Regulations to facilitate Startups, Fintechs & Exports

The State Bank of Pakistan (SBP) has notified revisions in chapter 20 of the Foreign Exchange Manual to modernize foreign exchange regulations for facilitating startups, fintechs and exports in Pakistan.

Updated 10 Feb, 2021 09:56pm

Business & Finance

GameStop’s Meteoric Rise, Explained

GameStop’s stocks skyrocketed by 160% in a matter of hours on Monday to an all-time high of $159, giving birth to the ‘Meme Stock’ bubble in the stock market.

Published 27 Jan, 2021 06:54pm

Business & Finance

Amendment in Sindh Water Management Bill Empowers Women Farmers

A landmark amendment in the Sindh Water Management Bill, 2018, aims to empower women farmers in the province by offering them decision-making power in water management.

Updated 22 Jan, 2021 03:09pm

Business & Finance

Startup Investment Rise to $77M in Pakistan

Startup investments in Pakistan increased by 97 percent in 2020 as compared to 2019, according to data from MAGNiTT's 'State of Startup Funding - 2021 Emerging Venture Markets' Report.
The number of startup deals in Pakistan also went up by 45% this year as opposed to the general downward trend in the MENA region.

Published 21 Jan, 2021 07:27pm

Business & Finance

Pakistan Ascends to 111th Position in the Trading Across Border Index: FBR

Pakistan has improved its rankings by 31 positions in the Trading Across Border Index.
The country has also ascended 28 places in World Bank's 'Ease of Doing Business 2020' Index.

Published 19 Jan, 2021 01:08pm

Business & Finance

Sensitive Price Index falls to 6.13pc: Asad Umar

Pakistan was able to achieve the lowest level of SPI in the last two years under the current government, according to Asad Umar.

Updated 01 Jan, 2021 05:56pm

Business & Finance

Pakistan's Total Liquid Foreign Reserves Reach US$ 20.25bn: SBP

Pakistan's total liquid foreign reserves stand at US$ 20.25 billion as of December 24, 2020, as reported by the State Bank of Pakistan.

Updated 31 Dec, 2020 05:59pm

Business & Finance

SEED partners with KP Government to Reform Sales Tax on Services in KP

Sustainable Energy and Economic Development (SEED) launched a Policy Note in collaboration with the KP Government to introduce Sales Tax on Services Reform in the province.

Updated 24 Dec, 2020 01:29pm

Perspectives

Unpaid Electric Bills Undermine Efforts to Improve Access and Reliability: EPIC Chicago

A new study by the Energy Policy Institute at the University of Chicago (EPIC) suggests that unpaid electric utilities in many developing countries including Pakistan have undermined efforts to improve access and reliability in the energy sector.

Published 23 Dec, 2020 03:30pm

Business & Finance

Textile Exporter Sadaqat Ltd to invest 8 Billion in Vertical Operations

Sadaqat Ltd, plans to invest 8 Billion in its vertical operations, boosting the export potential of Pakistan's textile sector.

Published 17 Dec, 2020 06:34pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 13	283
USD PKR Interbank Buying / Jun 13	282.75
USD to Japanese Yen / Jun 13	143.75
USD to Swiss Franc / Jun 13	0.81
Pound Sterling to USD / Jun 13	1.36
Euro to USD / Jun 13	1.15
UK LIBOR % / Jun 12	4.96

Stock	Volume
S&P 500 / Jun 12	6,045.26
Nasdaq / Jun 12	19,662.48
Dow Jones / Jun 12	42,967.62
India Sensex / Jun 13	81,216.80
Tokyo Nikkei / Jun 13	37,834.25
Hang Seng / Jun 13	23,892.56
FTSE 100 / Jun 13	8,839.41
Germany DAX 30 / Jun 13	23,434.96
France CAC40 / Jun 13	7,687.50

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 12	16,485
Gold 10 Grams PKR / Jun 12	305,984
Petrol/Litre / Jun 13	253.63
Crude Oil USD/Barrel / Jun 13	72.11
Gold Spot USD/Ounce / Jun 13	3,421.89
Diesel/Litre / Jun 13	254.64
Cotton US¢/pound / Jun 13	67.63

Gainers
Losers
Leaders

Stock	Price
Pervez Ahmed Consultancy / Jun 13 Pervez Ahmed Consultancy Services Ltd.(PASL)	2.77 ▲ 0.84 (43.52%)
Ist.Capital Sec / Jun 13 First Capital Securities Corporation(FCSC)	2.75 ▲ 0.63 (29.72%)
First Prudential Mod. / Jun 13 First Prudential Modaraba(PMI)	3.07 ▲ 0.68 (28.45%)
Media Times Ltd / Jun 13 Media Times Limited(MDTL)	2.59 ▲ 0.46 (21.6%)
Invest Bank / Jun 13 Invest Capital Investment Bank Limited(ICIBL)	7.11 ▲ 1 (16.37%)
Grays Leasing / Jun 13 Grays Leasing Limited(GRYL)	7.50 ▲ 0.89 (13.46%)
Ashfaq Textile / Jun 13 Ashfaq Textile Mills Limited(ASHT)	25.70 ▲ 2.34 (10.02%)
AN Textile Mills / Jun 13 AN Textile Mills Limited(ANTM)	15.49 ▲ 1.41 (10.01%)
Shadman Cotton / Jun 13 Shadman Cotton Mills Limited(SHCM)	47.38 ▲ 4.31 (10.01%)
LSE Financial Serv. / Jun 13 LSE Financial Services Limited(LSEFSL)	42.97 ▲ 3.91 (10.01%)

Stock	Price
Crescent Cotton / Jun 13 Crescent Cotton Mills Limited(CCM)	50.23 ▼ -5.58 (-10%)
PIA Holding Co.B / Jun 13 PIA Holding Company Limited B(PIAHCLB)	18,889.10 ▼ -2098.79 (-10%)
Khyber Textile / Jun 13 Khyber Textile Mills Limited(KHYT)	1,794.55 ▼ -199.39 (-10%)
First Elite Cap.Mod / Jun 13 First Elite Capital Modaraba(FECM)	37.98 ▼ -4.22 (-10%)
Reliance Weaving / Jun 13 Reliance Weaving Mills Limited(REWM)	123.76 ▼ -13.74 (-9.99%)
Hala Enterprise / Jun 13 Hala Enterprises Limited(HAEL)	30.53 ▼ -3.39 (-9.99%)
Calcorp Ltd / Jun 13 Calcorp Limited(CASH)	44.15 ▼ -4.85 (-9.9%)
Blue-Ex Ltd / Jun 13 Blue-Ex Limited (GEM)(GEMBLUEX)	59.14 ▼ -6.46 (-9.85%)
Gulistan Sp. / Jun 13 Gulistan Spinning Mills Limited(GUSM)	6.50 ▼ -0.68 (-9.47%)
Hafiz Ltd. / Jun 13 Hafiz Limited(HAFL)	273 ▼ -28 (-9.3%)

Stock	Volume
Pervez Ahmed Consultancy / Jun 13 Pervez Ahmed Consultancy Services Ltd.(PASL)	102,714,490 ▲ 0.84
WorldCall Telecom / Jun 13 Worldcall Telecom Limited(WTL)	52,623,475 ▲ 0.04
Ist.Capital Sec / Jun 13 First Capital Securities Corporation(FCSC)	50,776,125 ▲ 0.63
PIA Holding Co.Ltd / Jun 13 PIA Holding Company Limited(PIAHCLA)	19,971,910 ▲ 0.58
B.O.Punjab / Jun 13 The Bank of Punjab(BOP)	17,449,138 ▼ -0.28
K-Electric Ltd. / Jun 13 K-Electric Limited(KEL)	16,212,517 ▼ -0.13
Sui South Gas / Jun 13 Sui Southern Gas Company Limited(SSGC)	14,820,745 ▼ -0.86
Maple Leaf Cement / Jun 13 Maple Leaf Cement Factory Limited(MLCF)	14,786,281 ▼ -1.5
First Prudential Mod. / Jun 13 First Prudential Modaraba(PMI)	14,743,914 ▲ 0.68
Invest Bank / Jun 13 Invest Capital Investment Bank Limited(ICIBL)	14,090,899 ▲ 1

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