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Pakistan Published 26 Jan, 2021 02:12pm

Broadsheet scandal: Cabinet approves formation of inquiry commission to hold investigation

  • A former Supreme Court judge will head the commission that will be mandated to carry out a comprehensive investigation into the Broadsheet scandal
  • The commission will re-investigate cases involving bigwigs, which were closed out of expediency
Broadsheet scandal: Cabinet approves formation of inquiry commission to hold investigation
Currency Rate
USD PKR Interbank Selling / Jan 26
160.85
USD PKR Interbank Buying / Jan 26
160.75
USD to Japanese Yen / Jan 26
103.78
USD to Swiss Franc / Jan 26
0.89
Pound Sterling to USD / Jan 26
1.37
Euro to USD / Jan 26
1.21
Stock Volume
S&P 500 / Jan 26
3842.69
India Sensex / Jan 26
48347.59
Tokyo Nikkei / Jan 26
28822.29
Nasdaq / Jan 26
13577.42
Hang Seng / Jan 26
30159.01
FTSE 100 / Jan 26
6638.85
Dow Jones / Jan 26
30870.85
Germany DAX 30 / Jan 26
13643.95
France CAC40 / Jan 26
5472.36
Indicator Value
UK LIBOR % / Jan 26
0.09

Business & Finance

Stocks rise on earnings boost; US Treasury yields lower
Stocks

Stocks rise on earnings boost; US Treasury yields lower

  • Dow Jones Industrial Average rose 30.53 points, or 0.1%, to 30,990.53, the S&P 500 lost 1.52 points.
  • Europe's broad FTSEurofirst 300 index added 0.79%, at 1,575.88. The pan-European STOXX 600 was up 0.8% after Swiss wealth manager UBS posted a surge in quarterly net profit.
Published 26 Jan, 2021 09:06pm
BR Research

Power up!

The inevitable has happened. The Prime Minister had to give in having held back the power base tariff increase for...
Updated 26 Jan, 2021 02:58pm
Companies

GAVI seeks political support for COVAX as bilateral vaccine deals grow

  • Our hope is this will lead to consensus to keep vast majority of work done through multilateral mechanisms and not bilateral. We have no ability to stop those bilateral mechanisms.
  • Covax has two price points for the Astrazeneca vaccine, $3 and $4 a dose, depending on the country, he said.
Published 26 Jan, 2021 09:01pm
Companies

Saudi Aramco may sell more shares if market is right

  • The Saudi government sold more than 1.7% of Aramco in a 2019 initial public offering that raised a record $29.4 billion.
  • The PIF, whose holdings include a stake in Uber, plans to double its assets to 4 trillion riyals ($1.07 trillion) by 2025.
Published 26 Jan, 2021 08:58pm
Forex

Rebound in risk sentiment pulls sterling higher

*The pound fell in early trade after risk sentiment ebbed overnight in US and Asian markets. * sterling was up 0.3% against the dollar at $1.3720 and was also up 0.3% against the euro, at 88.60 pence. Published 26 Jan, 2021 08:55pm
Stocks

TSX falls as materials drag, stimulus concerns weigh

  • The Toronto Stock Exchange's S&P/TSX composite index was down 20.27 points, or 0.11%, at 17,885.75.
  • The energy sector climbed 0.5% as US crude prices were up 0.4% a barrel, while Brent crude added 0.6%.
Published 26 Jan, 2021 08:42pm
Companies

Mexico eyes delivery of Russian Sputnik V vaccine next week

  • Ferrer said the finishing touches were being put on the contract for the deal, and that it could be signed on Tuesday.
  • Mexico is trying to secure as much vaccine supply as possible amid delays of some products and has said it plans to administer 7.4 million doses of Sputnik V through March.
Published 26 Jan, 2021 08:37pm

BR Research

BR Research
A billion-dollar question

A billion-dollar question

As per the latest SBP data, the mobile handset imports surged to $1.1 billion in Jul-Dec 2020 period. This figure is...
Published 26 Jan, 2021 07:35am
BR Research

Gur over sugar?

A social media campaign of sorts is gaining traction over the past few months. Keyboard warriors – egged on by...
Published 26 Jan, 2021 07:40am

Pakistan

Pakistan likely to receive Pfizer-BioNTech vaccine under COVAX programme

  • The WHO signed an advance purchase agreement with the American pharmaceutical, where it will receive at least 40 million doses of the drug.
  • It also anticipates another 50 million doses from UK-based pharmaceutical Oxford-Astrazeneca. As per the existing agreement with the company, the shipment will be made in first quarter of the year.
Published 26 Jan, 2021 05:09pm

Five injured as student protests in Lahore, Faisalabad turn violent

  • Students of the Central University of Punjab in Lahore staged a sit-in outside their campus and requested the management to hold talks with them at 2pm.
  • The students have demanded that either exam be taken online or universities should postpone the finals.
Updated 26 Jan, 2021 03:54pm

LHC accepts petition seeking ban on TikTok, other social media apps

  • Advocate Waqas Anwar Gujjar stated that the social media applications like TikTok, Bigo Live, Likee and others are becoming a source of waste of time for youngsters
  • Many youngsters who while trying to shoot short videos for the TikTok had lost their lives: Petitioner
Published 26 Jan, 2021 02:56pm

Latest

World

Mexico's coronavirus death toll passes 150,000

Mexico's coronavirus death toll passes 150,000
  • Mexico City has been in a state of maximum alert since mid-December, with more than 90 percent of hospital beds full due to soaring infections. Non-essential activities have been suspended in the capital.
Published 26 Jan, 2021 11:01am

World

Europe

UK sells arms to 80% of countries under restrictions: Report

  • British officials have approved the sale of arms to nearly four-fifths of countries subject to arms embargos, sanctions and other restrictions, over the past five years.
  • The United Kingdom has exported military hardware to 58 countries, out of 73 listed as subject to restrictions by the Department for International Trade, including Pakistan, Kenya and China.
Updated 26 Jan, 2021 07:27pm
South Asia

HSBC CEO says cannot 'judge motives' of Hong Kong police over frozen accounts

  • The HSBC CEO's summons to face the cross-party Foreign Affairs Committee came after former Hong Kong lawmaker Ted Hui criticised HSBC for blocking his local bank accounts.
  • "I can't cherry-pick which laws to follow," Quinn said, adding that the bank would have to comply with police requests in any country in the world.
Published 26 Jan, 2021 08:43pm

Broadsheet conundrum

EDITORIAL: To add one more item to the long and growing list of issues of discord between the government and the...
Food inflation

Food inflation

EDITORIAL: Pakistan Bureau of Statistics (PBS) sensitive price index (SPI) for the week ending 14 January 2021,...

Monetary policy statement

EDITORIAL: The Monetary Policy Committee (MPC) in its statement dated 22 January 2021 decided to maintain the policy...
A K2 first

A K2 first

EDITORIAL: A team of Nepalese climbers won the last great prize in mountaineering last Saturday when they became the...
Aaj TV - Tuesday's schedule

Aaj TV - Tuesday's schedule

All timings are in PST (Pakistan Standard Time) 06:00 NEWS HOUR 06:25 HEADLINE NEWS 06:30 NEWS HOUR 06:55 HEADLINE... Published 26 Jan, 2021 05:05am
Moin expects high from Yasir Shah against SA

Moin expects high from Yasir Shah against SA

  • I also feel that the decision to play Zafar Gohar in the presence of Yasir, against New Zealand, was the wrong decision as the former isn’t suited for Test cricket.
Published 26 Jan, 2021 01:26pm