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Pakistan Updated 05 Mar, 2021 09:26pm

“Every political party and politician should have the courage to accept defeat,” says ECP in response to PM Khan’s speech

“ECP cannot do any amendment against the law, and if anybody has reservation, the constitutional way is open for all,” says the electoral body.
The national institutions should be allowed to work without any pressure, said ECP.

Pakistan

PTI challenges re-polling decision in Daska's NA-75 constituency

Updated 05 Mar, 2021 01:19pm

Pakistan

Pakistan reports 1,579 new COVID-19 cases in 24 hours

Updated 05 Mar, 2021 10:32am

Pakistan

PDM to boycott National Assembly session tomorrow: Fazlur Rehman

Updated 05 Mar, 2021 08:26pm

Pakistan

DRAP approves Sinopharm vaccine for people above 60 years

Updated 05 Mar, 2021 09:22pm

Pakistan

MQM-P, PML-Q express full confidence in PM Imran

Updated 05 Mar, 2021 07:04pm

Business & Finance

Hafeez Sheikh's loss could lead to change of guard at Finance Ministry, say Experts

Updated 05 Mar, 2021 11:27am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 4	157.50
USD PKR Interbank Buying / Mar 4	157.25
USD to Japanese Yen / Mar 4	107.88
USD to Swiss Franc / Mar 4	0.93
Pound Sterling to USD / Mar 4	1.39
Euro to USD / Mar 4	1.20
UK LIBOR % / Mar 4	0.08

Stock	Volume
S&P 500 / Mar 4	3768.52
India Sensex / Mar 4	50846.08
Tokyo Nikkei / Mar 4	28930.11
Nasdaq / Mar 4	12723.47
Hang Seng / Mar 4	29236.79
FTSE 100 / Mar 4	6650.88
Dow Jones / Mar 4	30924.14
Germany DAX 30 / Mar 4	14056.34
France CAC40 / Mar 4	5830.65

Item	Value
Crude Oil / Mar 4	64.13
Karachi Cotton Assoc. / Mar 4	12200.00
Gold 10 Grams / Mar 4	94564.00
Gold Spot / Mar 4	1693.30
Cotton / Mar 4	87.14

Gainers
Losers
Leaders

Stock	Price
KASB Mod. / Mar 6 KASB Modaraba(KASBM)	3.50 ▲ 0.42 (13.64%)
Orient Rental Mod / Mar 6 Orient Rental Modaraba(ORM)	6.70 ▲ 0.69 (11.48%)
Universal Ins. / Mar 6 The Universal Insurance Company Limited(UVIC)	5.15 ▲ 0.52 (11.23%)
Hala Enterpries / Mar 6 Hala Enterprises Limited(HAEL)	10.50 ▲ 1.00 (10.53%)
Ghazi Fab. / Mar 6 Ghazi Fabrics International Limited(GFIL)	7.45 ▲ 0.69 (10.21%)
Habib Ins. / Mar 6 Habib Insurance Company Limited(HICL)	8.50 ▲ 0.76 (9.82%)
First Equity Mod. / Mar 6 First Equity Modaraba(FEM)	3.98 ▲ 0.33 (9.04%)
Trust Sec.& Brok. / Mar 6 Trust Securities & Brokerage Limited(TSBL)	11.99 ▲ 0.94 (8.51%)
Olympia Mills / Mar 6 Olympia Mills Limited(OML)	13.09 ▲ 0.99 (8.18%)
Indus Dyeing / Mar 6 Indus Dyeing & Manufacturing Co. Limited(IDYM)	860.61 ▲ 60.04 (7.50%)

Stock	Price
Dewan Tex. / Mar 6 Dewan Textile Mills Limited(DWTM)	2.20 ▲ -0.60 (-21.43%)
First Prud Mod. / Mar 6 First Prudential Modaraba(PMI)	1.80 ▲ -0.25 (-12.20%)
Mehmood Tex / Mar 6 Mehmood Textile Mills Limited(MEHT)	453.25 ▲ -36.75 (-7.50%)
Sapphire Tex. / Mar 6 Sapphire Textile Mills Limited(SAPT)	982.35 ▲ -79.65 (-7.50%)
Sapphire Fib. / Mar 6 Sapphire Fibres Limited(SFL)	817.00 ▲ -63.00 (-7.16%)
Leiner Gelatine / Mar 6 Leiner Pak Gelatine Limited(LPGL)	18.10 ▲ -1.26 (-6.51%)
First IBL Mod. / Mar 6 First IBL Modaraba(FIBLM)	3.00 ▲ -0.20 (-6.25%)
SME Leasing Ltd. / Mar 6 SME Leasing Limited(SLL)	3.01 ▲ -0.19 (-5.94%)
AKD Capital Ltd / Mar 6 AKD Capital Limited(AKDCL)	329.00 ▲ -20.22 (-5.79%)
Prosperity / Mar 6 Prosperity Weaving Mills Limited(PRWM)	49.00 ▲ -2.99 (-5.75%)

Stock	Volume
Azgard Nine / Mar 6 Azgard Nine Limited(ANL)	28,863,500 ▼ 0.00
TRG Pak. / Mar 6 TRG Pakistan Limited(TRG)	20,728,437 ▼ 0.00
Pakistan Refinery / Mar 6 Pakistan Refinery Limited(PRL)	17,734,500 ▼ 0.00
Ghani Global Hold. / Mar 6 Ghani Global Holdings Limited(GGL)	16,936,500 ▼ 0.00
Fauji Fert. Bin / Mar 6 Fauji Fertilizer Bin Qasim Limited(FFBL)	13,983,500 ▼ 0.00
Kot Addu / Mar 6 Kot Addu Power Company Limited(KAPCO)	13,380,000 ▼ 0.00
Byco Petr. / Mar 6 Byco Petroleum Pakistan Limited(BYCO)	10,539,500 ▼ 0.00
Unity Foods / Mar 6 Unity Foods Limited(UNITY)	9,218,165 ▼ 0.00
Hum Network / Mar 6 Hum Network Limited(HUMNL)	9,158,000 ▼ 0.00
Worldcall / Mar 6 Worldcall Telecom Limited(WTL)	8,866,500 ▼ 0.00

Markets →

Business & Finance

Stocks

S&P 500 rises after solid jobs report

Costco drops after profit miss.
Banks rally after nonfarm payrolls report.
Indexes: Dow up 0.2%, S&P rises 0.1%, Nasdaq down 0.3%.

Published 05 Mar, 2021 09:28pm

BR Research

Power tariffs: Devil and the details

The Pakistan Bureau of Statistics (PBS) calculated the impact of electricity price increase as 29 percent and 43...

Published 05 Mar, 2021 07:25am

Commodities

Gold holds near 9-month low as yields, dollar gain further

US jobs increased more than expected in February.
US 10-year yield rises to 1.625%.
Gold down 2% so far this week.
Silver on track for worst week since late November.

Published 05 Mar, 2021 09:56pm

Stocks

London Stock Exchange shares 'spooked' by costs from Refinitiv

Revenue up 3% to 2.1 billion pounds.
Adjusted operating profit up 5% to 1.1 billion pounds.
Shares fall 12% after Citi downgrade.
LSE CEO expects cull of senior leadership.

Published 05 Mar, 2021 09:41pm

BR Research

Poultry: maize dynamics leading from the front

As per monthly CPI for Feb-20 released earlier this week, poultry prices have once again leapt forward by an ...

Published 05 Mar, 2021 07:30am

Forex

Sterling weakens against resurgent dollar

US Federal Reserve Chair Jerome Powell failed to soothe investor concerns about a recent surge in borrowing costs as he spoke at a Wall Street Journal forum on Thursday, pushing the safe-haven dollar higher.
Sterling fell to a three-week low against the dollar, briefly dropping below $1.38. It was last down 0.6% at $1.3810.

Published 05 Mar, 2021 09:49pm

Forex

South Africa's rand heads for weekly loss, Sasol leads stocks higher

Stocks ended higher, led by petrochemical firm Sasol's 14% surge.
The currency was on track to post losses of 2.2% since Monday.
Emerging market currencies have felt the pinch globally as the US Dollar reminded currency markets of its power as the world's reserve currency.

Published 05 Mar, 2021 09:33pm

Forex

Latam FX struggle against buoyant dollar; Surging oil lifts Colombian peso

MSCI Latam FX index on track for worst day in five months.
Oil prices lift Colombian peso.
Colombia's new deficit forecast raises downgrade prospect –CS.

Published 05 Mar, 2021 09:36pm

Companies

Main Volkswagen brand speeds up shift to electric

EVs seen comprising 70% of VW brand sales in Europe by 2030.
Up from a previous target of 35%.
16 bln euros in e-mobility, other investments by 2025.

Published 05 Mar, 2021 09:25pm

Companies

Norwegian Air says Boeing dispute to be decided in US court

Norwegian Air asked Ireland's High Court to issue repudiation orders for three sales contracts with Boeing, but lawyer Declan Murphy said this was not intended to take precedence over ongoing US legal action on the contracts.

Published 05 Mar, 2021 09:45pm

Commodities

Nickel firms but remains set for biggest weekly loss since 2011

The metal is mainly used in stainless steel, but demand for battery grade nickel for electric vehicles is expected to boom in as the world moves towards a lower-carbon economy.
Benchmark three-month nickel edged up 1.5% to $16,379 a tonne in official trading but was still on track for a weekly loss of about 11%, its biggest since September 2011.

Published 05 Mar, 2021 09:15pm

BR Research

Cement: concrete revival

The cement industry is demonstrating a remarkable recovery from losses to profits after demand in the country had a...

Published 05 Mar, 2021 07:35am

BR Research

Jab in the dark

As summer saunters in, the air is heavy with trepidation. Pakistan is about to open all commercial activities and...

Published 05 Mar, 2021 07:40am

BR Research

Interview with Ali Janjua, CEO, PayPro

“Transaction patterns have seen a paradigm shift towards e-payments during pandemic” Ali Janjua is the Chief...

Published 05 Mar, 2021 07:45am

BR Research

Agri-imports: let them flow in freely!

According to a news report published in this paper yesterday, the federal government’s Adviser on Commerce and...

Published 04 Mar, 2021 07:25am

BR Research

The PL challenge gets tougher

As movement restrictions ease, the petroleum sales seem to have lost some steam, that was evident in the first six...

Published 04 Mar, 2021 07:30am

BR Research HUBC 86.33 ▲ 1.45%

HUBC – good things adding up

Hub Power Company Limited’s (PSX: HUBC) has been benefitting from its diversification strategy in times when IPPs...

Published 04 Mar, 2021 07:35am

Pakistan

PDM to boycott National Assembly session tomorrow: Fazlur Rehman

“No member of the PDM will participate in tomorrow's National Assembly session,” says JUI-F Chief.
"We believe blaming the ECP [for their loss] in Senate election is not the matter," he said.

Updated 05 Mar, 2021 08:26pm

Punjab govt debunks fake notification announcing schools to be closed

The official Twitter account of the provincial school education department on Friday dismissed the notification and declared it fake.
The notification said schools in Lahore, Gujranwala, Rawalpindi and Faisalabad would be closed for a week.

Published 05 Mar, 2021 07:34pm

MQM-P, PML-Q express full confidence in PM Imran

Both delegations met the Prime Minister separately in the Federal Capital, Islamabad.
The Khalid Maqbool Siddiqui-led MQM-P reminded the prime minister of his promises and expresses concerns over the sale of government jobs in Sindh, the murder of merit and withdrawal of security from several MQM-P’s leaders.

Updated 05 Mar, 2021 07:04pm

Fawad Chaudhry terms ECP’s response ‘inappropriate’

“ECP is respectable to us and will remain”, said Fawad.
“We are not planning to hold any protest in front of the supreme electoral body,” said federal minister.

Published 05 Mar, 2021 04:44pm

“Every political party and politician should have the courage to accept defeat,” says ECP in response to PM Khan’s speech

“ECP cannot do any amendment against the law, and if anybody has reservation, the constitutional way is open for all,” says the electoral body.
The national institutions should be allowed to work without any pressure, said ECP.

Updated 05 Mar, 2021 09:26pm

PM Imran summons PTI, allied parties meeting today

The meeting will take place at Parliament House this afternoon.
He would also brief participants about purpose of obtaining the vote of confidence from the parliament.

Published 05 Mar, 2021 02:22pm

DRAP approves Sinopharm vaccine for people above 60 years

NCOC states that the Sinopharm vaccine is being administered to people up to the age of 60 years, however, it would now be used to inoculate citizens above 60 years of age too
On February 2, the first batch of 500,000 doses of Sinopharm vaccine arrived in Pakistan as a gift from China

Updated 05 Mar, 2021 09:22pm

Coronavirus cases rise by 30% in a week after government eases restrictions

Last month, the NCOC eased most of the restrictions, allowing commercial activities, schools, offices and other workplaces to function fully.
1579 cases were reported during the past 24 hours.

Published 05 Mar, 2021 12:39pm

Latest

Embittered PM flays ECP, sharpens anti-PDM rhetoric

ISLAMABAD: Prime Minister Imran Khan has asked his party legislators to “openly vote against” him, if they so... Updated 05 Mar, 2021 09:44am

World

Daily US Covid cases below 40,000 for first time in months: monitor

Three vaccines are currently being administered in the country and the Biden administration says the campaign to jab 100 million people in his first 100 days in office is ahead of schedule.

Published 05 Mar, 2021 10:09am

Business & Finance

China military budget to grow 6.8% in 2021

Over the past year, China has launched three new amphibious assault ships, and is currently building a third aircraft carrier.

Published 05 Mar, 2021 10:06am

World

WHO scraps plan for interim report on Wuhan virus mission: WSJ

US State Department spokesman Ned Price called on China Thursday to share what it knows from the earliest days of the pandemic.

Published 05 Mar, 2021 09:57am

World

Reading aloud of 628-page Covid bill delays debate in US Senate

Bill readings are almost always dispensed with at the start to allow for debate, but Johnson saw it as way to register his frustration over the massive outlay of federal spending.

Published 05 Mar, 2021 09:51am

Covid crisis: Proposed plan aimed at providing fiscal space to developing states

ISLAMABAD: Prime Minister Imran Khan has proposed a five-point plan to provide developing countries the fiscal space... Updated 05 Mar, 2021 09:44am

Telecom sector: Universal service subsidy requirement offsets fiscal revenues: WB

ISLAMABAD: The universal service subsidy requirement of telecom sector in Pakistan entirely offsets the fiscal... Updated 05 Mar, 2021 10:38am

PM holds talks with COAS, ISI chief

ISLAMABAD: Prime Minister Imran Khan on Thursday held a detailed meeting with Army Chief General Qamar Javed Bajwa... Updated 05 Mar, 2021 09:44am

World

Asia

Pope urges Iraqis to shun past violence and give peace a chance

“May the clash of arms be silenced ... may there be an end to acts of violence and extremism,” he said, addressing Iraqi President Barham Salih, politicians and diplomats at the presidential palace.
Francis arrived at Baghdad airport under tight security, after telling reporters on his plane that he felt duty-bound to make the “emblematic” trip because the country “has been martyred for so many years”.

Published 05 Mar, 2021 09:27pm

Europe

Swiss plan free coronavirus tests for population

Under the proposals each person would be given five self-test kits per months, as soon as reliable tests are available, the government said, while all tests at pharmacies and testing centres will be free of charge.
To ensure more testing is carried out, the government proposed to pay for the voluntary tests. It estimated the expanded testing scheme will cost more than 1 billion francs this year.

Published 05 Mar, 2021 09:23pm

South Asia

India steps up border patrols to stop arrivals from Myanmar

"As of now, we are not letting anybody enter," Maria Zuali, senior government official in Mizoram state's Champhai district, told Reuters by telephone.
"They alleged that there are human rights violations and they were asked to shoot at civilians," the official said, also requesting anonymity.

Published 05 Mar, 2021 05:59pm

Middle East

Saudi prince pushes on with $500bn megacity as US points the finger over Khashoggi killing

Yet preparations for NEOM, the $500 billion signature project in Prince Mohammed bin Salman's drive to diversify Saudi Arabia's economy, are well underway.
The scale of the project is vast and the region already has well-established transport and business hubs in Dubai, Abu Dhabi and Qatar.

Published 04 Mar, 2021 05:43pm

The decision was made after seven cases were reported in the competition, which had started on 20 February.
The PCB, as an immediate step, will focus on the safe and secure passage of all participants, and arrange repeat PCR tests, vaccines and isolation facilities to the six participating sides.

Updated 04 Mar, 2021 01:23pm

Sports

Australia win toss and bat in fourth New Zealand T20

The eighth-seeded Belarusian was scheduled to face Garbine Muguruza, who received a walkover into Saturday's final.
Muguruza will meet the winner of the Friday's second semi-final between Czech Petra Kvitova and American Jessica Pegula.

Published 05 Mar, 2021 09:38pm

Sports

'Nothing untoward', says Stokes on showdown with Kohli

Published 04 Mar, 2021 08:40pm

Sports

Patel, Ashwin spin England out for 205 in final Test

Published 04 Mar, 2021 04:49pm