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Pakistan Updated 03 Mar, 2021 08:20pm

In upset for PTI, PPP's Yousuf Raza Gilani wins Senate seat from Islamabad

  • Gilani received 169 votes while Sheikh was able to muster 164 votes.
    • Independent candidate Abdul Qadir, JUI-F's Maulana Abdul Ghafoor Haideri and BNP's Muhammad Qasim have each been elected to a general seat
    • MQM's candidate for a women's seat Khalida Ateeb won with 57 votes, while PPP's Palwasha Khan also won with 60 votes
In upset for PTI, PPP's Yousuf Raza Gilani wins Senate seat from Islamabad
Currency Rate
USD PKR Interbank Selling / Mar 3
157.65
USD PKR Interbank Buying / Mar 3
157.55
USD to Japanese Yen / Mar 3
106.75
USD to Swiss Franc / Mar 3
0.92
Pound Sterling to USD / Mar 3
1.40
Euro to USD / Mar 3
1.21
UK LIBOR % / Mar 3
0.08
Stock Volume
S&P 500 / Mar 3
3870.29
India Sensex / Mar 3
50296.89
Tokyo Nikkei / Mar 3
29408.17
Nasdaq / Mar 3
13358.79
Hang Seng / Mar 3
29095.86
FTSE 100 / Mar 3
6613.75
Dow Jones / Mar 3
31391.52
Germany DAX 30 / Mar 3
14039.80
France CAC40 / Mar 3
5809.73
Item Value
Crude Oil / Mar 3
59.40
Karachi Cotton Assoc. / Mar 3
11900.00
Gold 10 Grams / Mar 3
94564.00
Gold Spot / Mar 3
1734.60
Cotton / Mar 3
90.99

Business & Finance

Energy

US natgas futures rise to 1-week high on colder forecasts

  • Front-month gas futures rose 2.8 cents, or 1.0%, to $2.867 per million British thermal units.3
  • Refinitiv projected average gas demand, including exports, would drop from 112.2 bcfd this week to 105.0 bcfd next week as the weather turns seasonally milder.
Published 03 Mar, 2021 07:58pm
Companies

Exxon pitches investors on dividend growth, debt reduction

  • Ahead of its investor day presentation, the company reaffirmed plans to keep project spending between $16 billion and $19 billion in 2021, and between $20 billion and $25 billion a year through 2025.
  • It expects output to remain flat at around 3.7 million barrels of oil and gas per day through mid-decade as it focuses on boosting cash flow instead.
Published 03 Mar, 2021 07:53pm

Emirate of Sharjah expected to raise around $1bn via bonds

  • It tightened guidance to between 3.625% and 3.75% for the 12-year notes and 4.75% to 4.875% for the 30-year tranche, the document showed.
  • Initial price guidance was around 3.875% for the 12-year bonds and between 4.875% and 5% for the 30-year paper.
Published 03 Mar, 2021 07:40pm
Companies

Bharat Biotech's COVID-19 shot 81pc effective

  • COVAXIN demonstrates high clinical efficacy trend against COVID-19 but also significant immunogenicity against the rapidly emerging variants.
  • Only about 11% of the more than 10 million Indians vaccinated had taken the Bharat Biotech shot as of last week.
Published 03 Mar, 2021 07:16pm
Companies

Takeda buys epilepsy treatment rights from Ovid for up to $856mn

  • Takeda will be responsible for future development and commercialization of the drug, soticlestat, worldwide and Ovid will no longer have any financial obligation, the companies said.
  • The companies in August reported results from a mid-stage study showing soticlestat met the main goal of reduction in seizure frequency.
Published 03 Mar, 2021 07:01pm
Companies

Thales Alenia Space signs 772mn euro EU satellite contract

  • Under the deal, Thales Alenia Space will build six satellites which will be part of a second generation of the so-called "Galileo constellation". Preliminary information on the deal had emerged in January.
  • The first satellites of this second generation will be placed in orbit by the end of 2024, the statement said.
Published 03 Mar, 2021 06:59pm

BR Research

BR Research
Big banks stand out

Big banks stand out

What if the assets base did not grow much? What if the interest rates were down from a year ago? Having muscle...
Published 03 Mar, 2021 07:35am
BR Research

Talk about peace

Economy and security are intrinsically linked. So the economic observers, too, were taken by a positive surprise ...
Published 03 Mar, 2021 07:40am
BR Research

The sweet LNG deal

Last week, Pakistan signed a long-term contract of LNG supply from Qatar at 10.2 percent of Brent, which is at...
Published 02 Mar, 2021 07:25am

Pakistan

Middle East

Pakistan offers military training to Qatari armed forces

  • Pakistan's Federal Minister for Defense Production Zobaida Jalal, has offered military training to the Qatari Armed Forces, adding that her country's military institutions were open to soldiers belonging to the Arab state.
  • Last month, the two countries signed a 10-year Liquefied Natural Gas supply contract at the “lowest-ever publicly disclosed price under a long-term contract in the world.”
Updated 03 Mar, 2021 02:59pm

PM Imran casts vote for Senate elections

  • The premier also interacted with the MNAs of PTI and allied parties
  • The voting process through secret ballot began for Senate elections on 37 seats will continue till 5:00 pm today
Published 03 Mar, 2021 12:20pm

Faisal Vawda resigns from NA to avoid disqualification

  • The legal team of the PTI leader tendered his resignation in Islamabad High Court where a disqualification case is pending against him
  • Vawda's counsel stated that the case against him in the court now stands ineffective following his resignation
Published 03 Mar, 2021 11:02am

Latest

World

Economy: disturbing data

EDITORIAL: Disturbing macroeconomic data was released over the weekend by the Ministry of Finance, the Pakistan...

SC on Senate polls

EDITORIAL: The much-anticipated Supreme Court (SC) ruling on the upcoming Senate polls was delivered on March 1,...
ECP deserves praise

ECP deserves praise

EDITORIAL: Commendably for it, the Election Commission of Pakistan (ECP) has effectively dealt with some serious...
How the 'pawri' united Pakistan and India

How the 'pawri' united Pakistan and India

Dananeer Mobeen says she has been inundated with acting and modelling offers. Instead, she aspires to join Pakistan’s foreign services. Updated 03 Mar, 2021 11:47am
Cricket gets forgotten in IPL, PSL more focused on the game: Steyn

Cricket gets forgotten in IPL, PSL more focused on the game: Steyn

  • “When you come to like a PSL or the Sri Lankan Premier League (SPL), for that matter, there is an importance on the cricket," says the Right-arm pacer.
  • “I have only been here for a couple of days and I have had people in and out of my room, just wanting to know about where I have played and how I went about it. Whereas, when I go to something like the IPL that gets forgotten and the main topic is how much money did you go for in this IPL?” says Quetta Gladiator fast-bowler.
Updated 02 Mar, 2021 09:30pm