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Pakistan Updated 25 Feb, 2021 04:25pm

ECP orders re-election in entire Daska constituency on March 18

The ECP has declared the by-poll held in the constituency on February 19 as null and void.
The ECP has ordered that fresh elections be held in Daska on March 18.

Pakistan

Senate Election: All candidates from Punjab elected unopposed

Published 25 Feb, 2021 07:53pm

Business & Finance

How much FATF grey-listing cost Pakistan’s economy?

Published 25 Feb, 2021 04:16pm

Business & Finance

Moody’s term Pakistani banks strong growth despite pandemic ‘a credit positive’

Published 25 Feb, 2021 11:42am

Pakistan

Pakistani, Indian DGMOs agree for strict observance of all agreements, cease firing along LoC, other sectors immediately

Published 25 Feb, 2021 12:04pm

Pakistan

All schools will go back to regular five-day classes from Monday: Shafqat Mahmood

Published 25 Feb, 2021 11:21am

Pakistan

Pakistan is victim of attacks by terrorists harbored by neighboring state: Akram

Published 25 Feb, 2021 11:26am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 25	158.85
USD PKR Interbank Buying / Feb 25	158.75
USD to Japanese Yen / Feb 25	105.95
USD to Swiss Franc / Feb 25	0.91
Pound Sterling to USD / Feb 25	1.41
Euro to USD / Feb 25	1.22
UK LIBOR % / Feb 25	0.08

Stock	Volume
S&P 500 / Feb 25	3925.43
India Sensex / Feb 25	50781.69
Tokyo Nikkei / Feb 25	29671.70
Nasdaq / Feb 25	13597.97
Hang Seng / Feb 25	29718.24
FTSE 100 / Feb 25	6658.97
Dow Jones / Feb 25	31961.86
Germany DAX 30 / Feb 25	13976.00
France CAC40 / Feb 25	5797.98

Item	Value
Crude Oil / Feb 25	63.55
Karachi Cotton Assoc. / Feb 25	11700.00
Gold 10 Grams / Feb 25	94864.00
Gold Spot / Feb 25	1802.60
Cotton / Feb 25	93.69

Gainers
Losers
Leaders

Stock	Price
1st Dawood / Feb 26 First Dawood Investment Bank Limited(FDIBL)	3.50 ▲ 0.89 (34.10%)
First Equity Mod. / Feb 26 First Equity Modaraba(FEM)	4.05 ▲ 0.55 (15.71%)
Telecard / Feb 26 Telecard Limited(TELE)	7.88 ▲ 1.00 (14.53%)
Dewan Farooq. Spin. / Feb 26 Dewan Farooque Spinning Mills Limited(DFSM)	3.00 ▲ 0.35 (13.21%)
Saudi Pak Leas. / Feb 26 Saudi Pak Leasing Company Limited(SPLC)	1.69 ▲ 0.19 (12.67%)
TPL Corp / Feb 26 TPL Corp Limited(TPL)	8.10 ▲ 0.69 (9.31%)
Trust Sec.& Brok. / Feb 26 Trust Securities & Brokerage Limited(TSBL)	11.95 ▲ 0.95 (8.64%)
Gammon Pak / Feb 26 Gammon Pakistan Limited(GAMON)	13.59 ▲ 0.99 (7.86%)
Zephyr Tex / Feb 26 Zephyr Textiles Limited(ZTL)	13.59 ▲ 0.99 (7.86%)
Flying Cement Ltd / Feb 26 Flying Cement Company Limited(FLYNG)	14.10 ▲ 1.00 (7.63%)

Stock	Price
Adam Sugar / Feb 26 Adam Sugar Mills Limited(ADAMS)	28.30 ▲ -5.72 (-16.81%)
SME Leasing Ltd. / Feb 26 SME Leasing Limited(SLL)	3.15 ▲ -0.35 (-10.00%)
Emco Ind. / Feb 26 Emco Industries Limited(EMCO)	31.45 ▲ -2.55 (-7.50%)
John&Philips / Feb 26 Johnson & Phillips (Pakistan) Limited(JOPP)	40.70 ▲ -3.30 (-7.50%)
Jubilee Gen. Ins. / Feb 26 Jubilee General Insurance Limited(JGICL)	49.29 ▲ -3.99 (-7.49%)
Sana Ind. / Feb 26 Sana Industries Limited(SNAI)	68.55 ▲ -5.55 (-7.49%)
Int. Knit. / Feb 26 International Knitwear Limited(INKL)	13.97 ▲ -1.13 (-7.48%)
J.A.Textile / Feb 26 J.A. Textile Mills Limited(JATM)	14.10 ▲ -1.14 (-7.48%)
Shams Textile / Feb 26 Shams Textile Mills Limited(STML)	44.87 ▲ -3.63 (-7.48%)
Olympia Mills / Feb 26 Olympia Mills Limited(OML)	12.41 ▲ -1.00 (-7.46%)

Stock	Volume
Telecard / Feb 26 Telecard Limited(TELE)	35,854,000 ▼ 0.00
Byco Petr. / Feb 26 Byco Petroleum Pakistan Limited(BYCO)	34,224,000 ▼ 0.00
Unity Foods / Feb 26 Unity Foods Limited(UNITY)	32,364,414 ▼ 0.00
K-Electric Ltd / Feb 26 K-Electric Limited(KEL)	32,179,000 ▼ 0.00
TRG Pak. / Feb 26 TRG Pakistan Limited(TRG)	29,671,119 ▼ 0.00
Hum Network / Feb 26 Hum Network Limited(HUMNL)	25,286,000 ▼ 0.00
1st Dawood / Feb 26 First Dawood Investment Bank Limited(FDIBL)	18,558,500 ▼ 0.00
Worldcall / Feb 26 Worldcall Telecom Limited(WTL)	17,584,500 ▼ 0.00
Media Times / Feb 26 Media Times Limited(MDTL)	15,673,000 ▼ 0.00
Netsol Tech. / Feb 26 NetSol Technologies Limited(NETSOL)	14,112,000 ▼ 0.00

Markets →

Business & Finance

Energy

Oil holds close to 13-month high, supported by sharp drop in US output

Fed Chairman Jerome Powell nixes rate hike fears.
US dollar languishes near three-year lows.
Crude prices hit highest level since January 2020.
OPEC+ to meet on March 4, discuss modest output increase.

Published 25 Feb, 2021 09:37pm

BR Research

Power blackout: System needs overhaul

The inquiry report on the power system collapse in January 2021 is out. Do not expect media frenzy and mafia-calling...

Published 25 Feb, 2021 07:25am

Commodities

Gold falls 1pc as elevated US yields hit safe haven appeal

Fed Chair Powell reaffirms extended loose monetary policy.
SPDR Gold Trust holdings slip to lowest since May 2020.
Palladium scales more than one-month high.

Published 25 Feb, 2021 09:35pm

Commodities

Copper jumps to 9-1/2 year high on inflation fears

Copper is about 6% below its record high of $10,190 a tonne hit in February 2011.
Three-month copper on the London Metal Exchange had climbed 1.2% to $9,417 a tonne.

Published 25 Feb, 2021 09:32pm

BR Research

Dismal telecom FDI

Foreign investment into the country’s telecom sector has flipped back to a disappointing trend in FY21 so far. The...

Published 25 Feb, 2021 07:30am

Stocks

Wall St edges lower as tech shares fall, bond yields rise

Jobless claims dip, but still remain elevated.
Best Buy slips on downbeat annual sales forecast.
Big tech stocks fall; banks, energy shares gain.
Indexes down: Dow 0.11%, S&P 0.20%, Nasdaq 0.26%.

Published 25 Feb, 2021 09:23pm

Forex

Dollar dips, Aussie jumps on global growth optimism

US dollar at three-year lows vs Aussie dollar.
Euro-dollar crosses $1.22.

Published 25 Feb, 2021 09:28pm

Stocks

Global share rally, rising oil prices buoy Gulf bourses

Brent oil climbed to a 13-month high of $67.30, after US government data on Wednesday showed a drop in crude output as a deep freeze in Texas disrupted production last week.
Saudi Arabia's benchmark share index rose 0.9%, with Al Rajhi Bank rising 2% and Saudi Telecom Company climbing 3.3%.

Published 25 Feb, 2021 09:25pm

Stocks

TSX falls as energy, materials stocks drag

The energy sector dropped 0.1%, while the materials sector, which includes precious and base metals miners and fertilizer companies, lost 1.3%.
Toronto Stock Exchange's S&P/TSX composite index was down 65.27 points, or 0.35%, at 18,419.26.

Published 25 Feb, 2021 09:21pm

Stocks

Micro-cap stock surge shows investor risk taking, GameStop effect

The Russell Microcap index, whose components have a median market value of about $350 million, has climbed 26% nearly two months into 2021.
The micro-cap gauge ceded some gains during volatility earlier this week while other indexes held up better.

Published 25 Feb, 2021 09:16pm

Facebook promotes value of personalized ads in new campaign

The campaign called "Good Ideas Deserve To Be Found" highlights several advertisers that have grown their business on Facebook and Instagram, such as Houston-based fashion brand House of Takura.
Facebook's ad spending behind the campaign is in the millions of dollars, according to a source familiar with the matter.

Published 25 Feb, 2021 09:14pm

BR Research

Cotton imports: highest ever, and still counting

As ginning factories turn off their machines for the season, the marketing year 2020-21 will probably be remembered...

Published 25 Feb, 2021 07:35am

BR Research

Commercial Vehicles: Growth (ish)

Over 95 percent of Pakistan’s freight transportation uses the country’s road network—which means, the country...

Published 25 Feb, 2021 07:40am

BR Research SAZEW 192.00 ▲ 1.48%

Sazgar Engineering Works Limited

Sazgar Engineering Works Limited (PSX: SAZEW) was set up as a private limited company in 1991. Three years later in...

Published 25 Feb, 2021 07:45am

BR Research

Current account deficit: good tidings?

The current account deficit tamed in January 2021 (versus Dec 2020) to $229 million. The era of monthly surpluses is...

Published 24 Feb, 2021 07:25am

BR Research

Power generation: Furnace oil in January

Pakistan’s power system generation has grown by 2.5 percent year-on-year in the seven months of the fiscal year so...

Published 24 Feb, 2021 07:30am

BR Research

FDI – stagnant, diminutive and confined

FDI blues continue as every consecutive month posts an even dreary picture of foreign direct investment pouring into...

Published 24 Feb, 2021 07:35am

Pakistan

Senate Election: All candidates from Punjab elected unopposed

Five Senators each from the PML-N and the PTI have been elected while one, Kamil Ali Agha, has been elected unopposed from the PML-Q's platform.
They were elected after all challengers withdrew their nomination papers today (Thursday).

Published 25 Feb, 2021 07:53pm

Lahore court issues release orders of Hamza Shehbaz

On February 24, the court had approved bail of Hamza Shahbaz after hearing arguments of his lawyers and the NAB prosecutor.
The court in Lahore issued the order after submission of Rs10 million surety bond against his bail.

Updated 25 Feb, 2021 06:39pm

Court orders govt to de-freeze Sanaullah's salary account

The verdict was announced by Judge Shakir Hassan on an application of the PML-N MNA seeking to de-freeze his bank accounts
The court ordered that the account Sanaullah uses to receive his National Assembly salary be de-frozen with immediate effect

Published 25 Feb, 2021 05:02pm

LHC directs Pakistani auto manufacturers to install airbags in all vehicles

"Almost all locally manufactured vehicles have airbags but those priced less than Rs1.5 million do not have this facility,” says PAMA cheif.
Airbags are not manufactured in the country but imported from abroad, he said, adding they need time to implement the court order.

Updated 25 Feb, 2021 05:02pm

PSX gains 603 points to close at 45,965 points

As many as 416 companies transacted shares in the stock market, 286 of them recorded gain and 111 sustained losses.

Published 25 Feb, 2021 08:08pm

Gold prices decrease Rs350 to 110,300

The price of per tola and ten gram silver remained constant.

Published 25 Feb, 2021 08:05pm

ECP orders re-election in entire Daska constituency on March 18

The ECP has declared the by-poll held in the constituency on February 19 as null and void.
The ECP has ordered that fresh elections be held in Daska on March 18.

Updated 25 Feb, 2021 04:25pm

FM Qureshi welcomes Pak-India ceasefire agreement

Foreign minister says the pact is a positive omen and urged India to strictly follow the ceasefire agreement
Pakistan has been highlighting the ceasefire violations at all international forums from the Indian side: FM

Published 25 Feb, 2021 03:04pm

Latest

Pakistan

NCOC eases restrictions on commercial activities as COVID-19 cases decline

Indoor wedding ceremonies will be allowed from March 21, with Standard Operating Procedures (SOPS).
The Election Commission of Pakistan has also been allowed by the NCOC to hold local bodies and cantonment board elections by the end of May or early June.

Published 25 Feb, 2021 10:29am

The sword of NAB hangs over some IPPs’ heads

ISLAMABAD: The federal government is reportedly in a serious dilemma on payment of Rs 400 billion to 47 Independent... Published 25 Feb, 2021 04:58am

Nepra reduces RoE component of N-plants

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has reduced the Return on Equity (RoE) component... Published 25 Feb, 2021 04:58am

Pakistan, Sri Lanka decide to broaden FTA

ISLAMABAD: At the invitation of Prime Minister of Democratic Socialist Republic of Sri Lanka Mahinda Rajapaksa, ... Published 25 Feb, 2021 04:58am

PM says greater trade connectivity vital for poverty alleviation

COLOMBO: Prime Minister Imran Khan on Wednesday, while inviting the Sri Lankan businessmen to invest in Pakistan,... Published 25 Feb, 2021 04:58am

PSDP for 2021-22: 5 new projects worth Rs8.41bn proposed

ISLAMABAD: The Finance Division has proposed five new projects in the federal public sector development programme... Published 25 Feb, 2021 04:58am

CJP says apex court no substitute for parliament

ISLAMABAD: Chief Justice of Pakistan (CJP) Gulzar Ahmed on Monday said the Supreme Court is not a substitute for the... Published 25 Feb, 2021 04:58am

Foreign funding case: petitioner moves ECP

ISLAMABAD: Akbar Sher Babar, the petitioner against ruling party Pakistan Tehreek-e-Insaf (PTI) in the foreign... Published 25 Feb, 2021 04:58am

World

EU mulls vaccination passports to resurrect tourism after COVID-19

Officials said the EU was working with the International Air Transport Association, which is keen to revive air travel, and with the Organisation for Economic Cooperation and Development and the World Health Organization.

Published 25 Feb, 2021 01:23pm

Europe

Ireland targets return to full employment no later than 2023

Irish businesses have been shut cumulatively for a longer period than any other European Union country over the last 11 months and have been back in a strict lockdown since late December that is set to run at least into April.
They see the change in hours worked as a reasonable proxy for the impact of the pandemic on the labour market.

Published 25 Feb, 2021 08:57pm

South Asia

China denies using Covid-19 anal swabs on US diplomats

"China has never requested US diplomatic personnel in China to undergo anal swabs," foreign ministry spokesman Zhao Lijian said.

Published 25 Feb, 2021 04:51pm

Middle East

Saudi crown prince has surgery for appendicitis

SPA tweeted footage of the prince walking out of the hospital with an entourage and getting into the front passenger seat of a car.

Published 25 Feb, 2021 05:02pm

Decision on Lahore-leg matches to be made in due course and will depend on how spectators follow the SOPs
PCB advises ticket-holders to come to the venue with original CNICs, reminds them of No Mask No Entry policy

Updated 25 Feb, 2021 05:42pm

Sports

Mohammad Wasim wants to make most out of HBL PSL 6

This is a reward for their hard work and high-quality performances during the difficult and challenging bio-secure environments that tested their determination, resolve, commitment, mental toughness and physical fitness to the limits.
Fawad Alam scored centuries against New Zealand and South Africa, and has now aggregated 320 runs in 11 innings of six Tests.

Published 24 Feb, 2021 07:39pm

Sports

Gwadar to host match between Karachi Kings, Quetta Gladiators after PSL

Updated 22 Feb, 2021 06:01pm

Sports

England suffer early blows in India pink-ball Test

Published 24 Feb, 2021 05:31pm