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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

World

Afghan peace process: Baradar-led Taliban delegation arrives in Iran to hold talks

Published 26 Jan, 2021 04:52pm

World

WHO issues new clinical advice on treating COVID-19 patients

Published 26 Jan, 2021 03:30pm

Pakistan

Pakistan opposes addition of new permanent seats in UNSC

Published 26 Jan, 2021 12:33pm

World

Biden doesn't believe Trump will be convicted at his impeachment trial: CNN

Published 26 Jan, 2021 12:38pm

Pakistan

Deadly pandemic: COVID infections on rise in Hyderabad as positivity rate reaches 25.76 percent

Published 26 Jan, 2021 11:45am

World

Senate Republican leader McConnell drops objection to power-sharing deal with Democrats

Published 26 Jan, 2021 11:54am

Forex
World
Econ

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

Gainers
Losers
Leaders

Stock	Price
First Punjab Mod. / Jan 26 First Punjab Modaraba(FPJM)	2.70 ▲ 0.20 (14.89%)
Ghani Auto Ind. / Jan 26 Ghani Automobile Industries Limited(GAIL)	6.80 ▲ 0.69 (13.33%)
Habib Ins. / Jan 26 Habib Insurance Company Limited(HICL)	8.50 ▲ 0.69 (13.18%)
Bawany Air / Jan 26 Bawany Air Products Limited(BAPL)	22.38 ▲ 1.89 (11.34%)
Unicap Mod. / Jan 26 Unicap Modaraba(UCAPM)	1.10 ▼ -0.01 (10.00%)
Hi-Tech Lubricants / Jan 26 Hi-Tech Lubricants Limited(HTL)	60.28 ▲ 7.55 (9.66%)
Pak Datacom Ltd / Jan 26 Pak Datacom Limited(PAKD)	113.50 ▲ 4.58 (9.03%)
Fazal Cloth / Jan 26 Fazal Cloth Mills Limited(FZCM)	229.68 ▲ 30.92 (7.50%)
Dewan Sugar / Jan 26 Dewan Sugar Mills Limited(DWSM)	3.03 ▼ -0.10 (6.32%)
B.R.R. Mod. / Jan 26 B.R.R. Guardian Modaraba(BRR)	14.00 ▲ 0.46 (5.98%)

Stock	Price
Hala Enterpries / Jan 26 Hala Enterprises Limited(HAEL)	10.81 ▼ 0.97 (-11.76%)
Saritow Sp. / Jan 26 Saritow Spinning Mills Limited(SSML)	9.90 ▼ 0.86 (-11.61%)
Grays Leas. / Jan 26 Grays Leasing Limited(GRYL)	5.17 ▼ 0.69 (-10.86%)
PICIC Insurance / Jan 26 PICIC Insurance Limited(PIL)	1.38 ▼ 0.11 (-9.80%)
First Pak Modaraba / Jan 26 First Pak Modaraba(PAKMI)	2.12 ▼ 0.27 (-9.40%)
First Prud Mod. / Jan 26 First Prudential Modaraba(PMI)	2.10 ▼ 0.35 (-8.70%)
Altern Energy / Jan 26 Altern Energy Limited(ALTN)	27.25 ▼ 1.75 (-8.40%)
Summit Bank / Jan 26 Summit Bank Limited(SMBL)	1.83 ▼ 0.14 (-8.04%)
Saudi Pak Leas. / Jan 26 Saudi Pak Leasing Company Limited(SPLC)	1.74 ▼ 0.25 (-7.94%)
Khurshid Spinng / Jan 26 Khurshid Spinning Mills Limited(KHSM)	19.86 ▼ 0.00 (-7.46%)

Stock	Volume
TRG Pak. / Jan 26 TRG Pakistan Limited(TRG)	29,686,000 ▼ 8.01
K-Electric Ltd / Jan 26 K-Electric Limited(KEL)	25,544,000 ▼ 0.11
Invest Cap. Bank / Jan 26 Invest Capital Investment Bank Limited(ICIBL)	17,052,500 ▼ 0.87
Unity Foods / Jan 26 Unity Foods Limited(UNITY)	16,920,978 ▼ 1.02
Fauji Foods / Jan 26 Fauji Foods Limited(FFL)	15,931,500 ▼ 0.35
Fauji Fert. Bin / Jan 26 Fauji Fertilizer Bin Qasim Limited(FFBL)	12,716,500 ▼ 1.75
Pak Int.Bulk Ter / Jan 26 Pakistan International Bulk Terminal Limited(PIBTL)	10,876,500 ▼ 0.31
Hum Network / Jan 26 Hum Network Limited(HUMNL)	10,747,500 ▼ 0.17
Aisha Steel / Jan 26 Aisha Steel Mills Limited(ASL)	9,137,500 ▼ 1.32
Jahangir Sid. Co. / Jan 26 Jahangir Siddiqui & Co. Ltd.(JSCL)	8,165,000 ▼ 0.75

Markets →

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

BR Research

Captive to grid: Tread carefully

Last week cabinet committee on energy (CCoE) decided to put a moratorium on gas supply to self-generation of power...

Published 26 Jan, 2021 07:30am

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

Commodities

Weakening dollar lifts copper as rally loses momentum

Benchmark copper on the London Metal Exchange (LME) was up 0.5% at $8,015.50 a tonne.
The metal used in power and construction has hovered around $8,000 since slipping from a high of $8,238 on Jan. 8.

Published 26 Jan, 2021 08:54pm

Energy

Iran's oil exports rise in January despite sanctions

Iranian crude exports rise to 600,000-700,000 bpd in January.
Iran lawmaker says shipments reach 900,000 bpd.
Hard to know final destinations due to ship-to-ship transfers.

Published 26 Jan, 2021 08:46pm

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

Stocks

S&P 500 scales new high on upbeat corporate earnings

GE jumps as free cash flow tops estimates.
J&J up on upbeat 2021 profit outlook; vaccine data "soon".
Indexes: Dow up 0.31%, S&P up 0.07%, Nasdaq flat.

Published 26 Jan, 2021 08:38pm

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

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

BR Research FCCL 21.50 ▲ 1.03%

Fauji Cement Company Limited

Fauji Cement Company Limited (PSX: FCCL) was set up as a public limited company and commenced operation in 1997. It...

Published 26 Jan, 2021 07:45am

BR Research

MPS: a ‘meaningful surprise’ but no change

No change in rates. But there is a surprise in the policy statement. For the first time in the history, SBP is...

Published 25 Jan, 2021 07:25am

BR Research

Power generation: Static & inefficient

Pakistan’s power sector (ex KE) generated 124 billion units in 2018. Another 124 billion in 2019. And 123 billion...

Published 25 Jan, 2021 07:30am

BR Research JDWS 227.99 ▼ -0.87%

JDWS: prodigal son returns bearing gifts

A ten times increase in before-tax profits, and an EBIDTA margin highest in nearly a decade – the prodigal son of...

Published 25 Jan, 2021 07:35am

Pakistan

Kashmir Day: PM Imran to address public rally in Kotli on Feb 5

In a detailed meeting PM Imran Khan has announced to visit Kotli LoC on February 5.
The groundbreaking ceremony of a housing program for Azad Jammu and Kashmir would be held soon,

Updated 26 Jan, 2021 08:24pm

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

Zardari proposes jointly contesting Senate elections under PDM banner

He believes that a joint-candidature would allow the Opposition alliance to secure more seats.
The final decision in this regard will be made during the 11-party alliance's meeting slated for February 4.

Updated 26 Jan, 2021 03:05pm

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

Palm oil valuing $1.111bn, soyabean $48.309mn imported in 6 months

Over 1,269,769 metric tons of palm oil costing $1.111 billion imported in order to fulfill the domestic consumption of edible oil and vegetable ghee.

Published 26 Jan, 2021 06:35pm

IT exports witnesses 40pc increase in last 6 months: Senate told

The Minister said that exports remittances inflow target for 2020-23 was $5 billion.

Published 26 Jan, 2021 06:33pm

Gold prices decrease by Rs250 per tola

The price of per tola and ten gram silver also witnessed no change.

Published 26 Jan, 2021 07:23pm

Latest

Most stressed out nations: PM for SDR step to help alleviate BoP pressures

ISLAMABAD: Prime Minister Imran Khan has emphasised allocation of Special Drawing Rights (SDRs) of $500 billion to... Updated 26 Jan, 2021 09:51am

Pakistan

Kashmir is internationally recognised dispute; its immediate and permanent solution must for regional peace: FM

Foreign minister says people of Kashmir are observing India's Republic Day as a Black Day across the world
Negative policies of BJP government are also adversely affecting the Indian economy: Qureshi

Updated 26 Jan, 2021 11:40am

World

House sends Trump impeachment article to Senate, triggering trial

Trump repeatedly and falsely claimed he had won the election and summoned his supporters to Washington on January 6 for a rally that coincided with the certification of the results by Congress.

Published 26 Jan, 2021 11:16am

Business & Finance

US Senate confirms Yellen as first female Treasury secretary

Biden is having to push Congress for funding while simultaneously getting his government confirmed -- Pentagon chief Lloyd Austin won Senate approval Friday -- and bracing for turmoil from Trump's impeachment trial.

Published 26 Jan, 2021 11:03am

World

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

IAI inks two deals supplying Heron MK II systems to 'unnamed' central Asian country

While no details pertaining to the potential customer have been disclosed, the Heron 1 that precedes it is fielded by India in the central Asian region
The agreements, valued at tens of millions of dollars, include reconnaissance payloads, Heron MK II drones and land arrays and ground control stations

Published 26 Jan, 2021 10:47am

Pakistan

UN conference: PM calls for viable framework for affordable supply of COVID-19 vaccines to developing countries

He called for the general allocation of Special Drawing Rights of 500 billion dollars to help alleviate balance-of-payment pressures.
"The developed countries should meet the agreed target of mobilizing 100 billion dollars annually for climate action in developing countries," the PM said.

Published 25 Jan, 2021 04:15pm

Country Partnership Framework: WB, govt discuss development priorities

ISLAMABAD: The World Bank (WB) country director Najy Benhassine stated that the next Country Partnership Framework... Updated 26 Jan, 2021 09:52am

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

Europe

Spain extends UK arrivals ban till mid February

The two-week ban has already been extended once.

Published 26 Jan, 2021 09:28pm

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

Middle East

Iran approves Russia's Sputnik V vaccine

Iran had earlier said it would wait for the World Health Organization's approval of Russia's jab before buying it.

Published 26 Jan, 2021 07:59pm

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

Sports

Manchester giants look to extend lead over chasing Premier League pack

Published 26 Jan, 2021 01:09pm

Sports

Bangladesh's Shakib in doubt for New Zealand tour

Published 26 Jan, 2021 01:00pm