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Pakistan Updated 24 Feb, 2021 06:07pm

Action taken against officers responsible for Ehsanullah Ehsan's escape: DG ISPR

Maj Gen Babar Iftikhar termed Ehsan’s escape was a "very serious" matter, which had been investigated thoroughly.
- Ehsan was arrested in 2017, but escaped in January last year from a “safe house” where he was being held by Pakistan’s intelligence agency.

Pakistan

Senate voting method will be decided by parliament: CJP

Published 24 Feb, 2021 07:06pm

Business & Finance

Moody’s expects Islamic banking to expand across South Asia post-pandemic

Published 24 Feb, 2021 04:17pm

Pakistan

PM Imran inaugurates High Performance Sports Complex in Colombo

Updated 24 Feb, 2021 05:21pm

Business & Finance

Pakistan can play its role in diffusing US-China tensions: PM

Updated 24 Feb, 2021 07:38pm

Pakistan

Pakistan has offered Sri Lanka $50 million credit line for defence cooperation, says Qureshi

Updated 24 Feb, 2021 04:42pm

Business & Finance

Dawood urges Sri Lankan businesses to take advantage of opportunities in Pakistan

Published 24 Feb, 2021 12:13pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 24	158.90
USD PKR Interbank Buying / Feb 24	158.80
USD to Japanese Yen / Feb 24	105.38
USD to Swiss Franc / Feb 24	0.91
Pound Sterling to USD / Feb 24	1.41
Euro to USD / Feb 24	1.22
UK LIBOR % / Feb 24	0.08

Stock	Volume
S&P 500 / Feb 24	3881.37
India Sensex / Feb 24	49751.41
Tokyo Nikkei / Feb 24	29880.52
Nasdaq / Feb 24	13465.20
Hang Seng / Feb 24	30632.64
FTSE 100 / Feb 24	6625.94
Dow Jones / Feb 24	31537.55
Germany DAX 30 / Feb 24	13864.81
France CAC40 / Feb 24	5779.84

Item	Value
Crude Oil / Feb 24	61.21
Karachi Cotton Assoc. / Feb 24	11300.00
Gold 10 Grams / Feb 24	94264.00
Gold Spot / Feb 24	1805.90
Cotton / Feb 24	92.67

Gainers
Losers
Leaders

Stock	Price
Bilal Fibres / Feb 25 Bilal Fibres Limited(BILF)	2.33 ▲ 0.78 (50.32%)
Dewan Tex. / Feb 25 Dewan Textile Mills Limited(DWTM)	2.80 ▲ 0.30 (12.00%)
Pak Gulf Leas. / Feb 25 Pak-Gulf Leasing Company Limited(PGLC)	10.50 ▲ 1.00 (10.53%)
Flying Cement Ltd / Feb 25 Flying Cement Company Limited(FLYNG)	13.10 ▲ 1.00 (8.26%)
Shield Corp. / Feb 25 Shield Corporation Limited(SCL)	337.86 ▲ 23.57 (7.50%)
Shahtaj Textile / Feb 25 Shahtaj Textile Limited(STJT)	106.21 ▲ 7.41 (7.50%)
Tandlianwala / Feb 25 Tandlianwala Sugar Mills Limited(TSML)	157.27 ▲ 10.97 (7.50%)
Leiner Gelatine / Feb 25 Leiner Pak Gelatine Limited(LPGL)	18.80 ▲ 1.31 (7.49%)
J.A.Textile / Feb 25 J.A. Textile Mills Limited(JATM)	15.24 ▲ 1.06 (7.48%)
Shakarganj / Feb 25 Shakarganj Limited(SML)	35.47 ▲ 2.47 (7.48%)

Stock	Price
Media Times / Feb 25 Media Times Limited(MDTL)	3.51 ▲ -0.56 (-13.76%)
First AL-Noor Mod. / Feb 25 First Al-Noor Modaraba(FANM)	3.30 ▲ -0.40 (-10.81%)
1st Dawood / Feb 25 First Dawood Investment Bank Limited(FDIBL)	2.60 ▲ -0.27 (-9.41%)
Dawood Equities / Feb 25 Dawood Equities Limited(DEL)	6.76 ▲ -0.64 (-8.65%)
First UDL Mod. / Feb 25 First UDL Modaraba(FUDLM)	10.82 ▲ -1.00 (-8.46%)
Telecard / Feb 25 Telecard Limited(TELE)	6.87 ▲ -0.63 (-8.40%)
TPL Corp / Feb 25 TPL Corp Limited(TPL)	7.40 ▲ -0.64 (-7.96%)
SME Leasing Ltd. / Feb 25 SME Leasing Limited(SLL)	3.50 ▲ -0.30 (-7.89%)
Macter Int. Ltd. / Feb 25 Macter International Limited(MACTER)	148.93 ▲ -12.07 (-7.50%)
Netsol Tech. / Feb 25 NetSol Technologies Limited(NETSOL)	275.61 ▲ -22.34 (-7.50%)

Stock	Volume
Byco Petr. / Feb 25 Byco Petroleum Pakistan Limited(BYCO)	83,905,000 ▼ 0.00
TRG Pak. / Feb 25 TRG Pakistan Limited(TRG)	47,091,260 ▼ 0.00
Worldcall / Feb 25 Worldcall Telecom Limited(WTL)	27,206,500 ▼ 0.00
Hum Network / Feb 25 Hum Network Limited(HUMNL)	23,906,500 ▼ 0.00
Media Times / Feb 25 Media Times Limited(MDTL)	19,088,500 ▼ 0.00
Telecard / Feb 25 Telecard Limited(TELE)	14,908,000 ▼ 0.00
Unity Foods / Feb 25 Unity Foods Limited(UNITY)	13,597,926 ▼ 0.00
Power Cement / Feb 25 Power Cement Limited(POWER)	12,071,500 ▼ 0.00
Maple Leaf / Feb 25 Maple Leaf Cement Factory Limited(MLCF)	11,119,024 ▼ 0.00
Pak Int.Bulk Ter / Feb 25 Pakistan International Bulk Terminal Limited(PIBTL)	10,939,000 ▼ 0.00

Markets →

Business & Finance

Stocks

Material stocks drag TSX lower

The materials sector, which includes precious and base metals miners and fertilizer companies, lost 1.3% as gold futures fell 0.3% to $1,799 an ounce.
Toronto Stock Exchange's S&P/TSX composite index was down 77.04 points, or 0.42%, at 18,253.05.

Published 24 Feb, 2021 09:48pm

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

Forex

Canadian dollar notches 3-year high as oil climbs

Canadian dollar up 0.1% against the greenback.
Loonie touches its strongest level since April 2018 at 1.2551.
Price of US oil increases 1.3%.
Canadian bond yields rise across a steeper curve.

Published 24 Feb, 2021 09:54pm

Commodities

Gold drops over 1pc as US Treasury yields, dollar rise

US 10-year yields hit one-year high.
Palladium, platinum up more than 1%.

Published 24 Feb, 2021 09:44pm

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

Energy

Oil rises despite surprise US stock build weighs

US crude stocks rise 1 mln bbls –API.
Market eyes EIA inventory data due later in the day.
Houston ship channel slowly returning to normal traffic.

Published 24 Feb, 2021 09:39pm

USA

Johnson & Johnson's one-dose vaccine closes in on US approval

J&J also said the data suggested its vaccine cut down on asymptomatic infections, which experts said was another sign COVID-19 vaccines may indeed stop transmission of the disease.
That you could still get protection against medically attended illnesses - meaning hospitalization, ICU admission and deaths from that vaccine against the South African strain, I thought that was really encouraging.

Published 24 Feb, 2021 09:33pm

Commodities

Arabica coffee slips from more than one-year peak

May arabica coffee fell by 0.3 cent, or 0.2%, to $1.38 per lb.
May raw sugar rose by 0.14 cent, or 0.8%, to 17.15 cents per lb, climbing towards a nearly four-year peak of 17.52 cents set on Tuesday.
May New York cocoa was up $32, or 1.3%, at $2,531 a tonne.

Published 24 Feb, 2021 09:46pm

Companies

Lufthansa rejects Condor allegations of market position abuse

Lufthansa was granted a 9 billion euro ($10 billion) government bailout that came with conditions to preserve competition including the transfer to rivals of some take-off and landing slots at German airports.
Earlier this month, Condor asked the European Court of Justice to stop Lufthansa from cancelling the agreement.

Published 24 Feb, 2021 09:41pm

Money & Banking

Aviva pushes back bid deadline for Polish unit over Santander contract

Germany's Allianz is also in the race after missing out on Aviva's French business, which was snapped up by mutual insurer Aema Groupe for 3.2 billion euros on Tuesday, the sources said.
Aviva, which initially requested binding offers by Feb. 26, needs more time to renegotiate a bancassurance partnership in Poland with Santander, the sources said.

Published 24 Feb, 2021 09:25pm

Energy

US crude output, refining use slump on Texas storms: EIA

Crude stocks at the Cushing, Oklahoma, delivery hub rose by 2.8 million barrels, and net US crude imports rose by 249,000 bpd, the EIA said.
US gasoline stocks rose by 12,000 barrels to 257.1 million barrels, compared with expectations for a 3.1 million-barrel drop.?

Published 24 Feb, 2021 09:23pm

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

BR Research PAKT 1,550.00 ▼ -1.84%

PAKT: record profits

Business is good at a tobacco major. Yesterday, Pakistan Tobacco Company (PSX: PAKT) announced some impressive...

Published 24 Feb, 2021 07:40am

BR Research PAEL 38.75 ▼ -2.27%

Pak Elektron Limited

Pak Elektron Limited (PSX: PAEL) was set up in 1956 “through a technical collaboration with AEG” under the...

Published 24 Feb, 2021 07:45am

BR Research

RDA gets going

The Roshan Digital Account (RDA) is gaining pace. The scheme was launched on 10th Sep 2020, and the amount received...

Published 23 Feb, 2021 07:25am

BR Research

M-wallets: scoring gains

The country’s digital financial services segment seems to have endured the pandemic year rather well. The latest...

Published 23 Feb, 2021 07:30am

BR Research ABL 80.50 ▼ -0.07%

Allied Bank: Sound and growing

Allied Bank Limited (ABL) pulled out a great 2020 despite the challenges that the pandemic threw its way for most...

Published 23 Feb, 2021 07:35am

Pakistan

Sindh to start second round of COVID-19 vaccination soon

A total of 55,458 health workers out of the 198,484 registered have been vaccinated so far.
Health workers who refuse to get the shot will be given show-cause notices and won’t be allowed to work in the health sector as they could potentially spread further mutations of the virus, Dr Pechuho warned.

Updated 24 Feb, 2021 08:10pm

Senate voting method will be decided by parliament: CJP

"It is the parliament that will decide whether or not the voting should be secret; we will not take over the parliament's right," says Gulzar Ahmed.
"We are not the parliament and neither can we reduce its authority," says CJP.

Published 24 Feb, 2021 07:06pm

Action taken against officers responsible for Ehsanullah Ehsan's escape: DG ISPR

Maj Gen Babar Iftikhar termed Ehsan’s escape was a "very serious" matter, which had been investigated thoroughly.
- Ehsan was arrested in 2017, but escaped in January last year from a “safe house” where he was being held by Pakistan’s intelligence agency.

Updated 24 Feb, 2021 06:07pm

Gold prices decrease Rs50 to 110,650

The price of per tola silver increased by Rs10.

Published 24 Feb, 2021 08:20pm

PM Imran inaugurates High Performance Sports Complex in Colombo

"I inaugurated Sri Lanka's High Performance Sports Complex. It was great to meet the Sri Lankan cricket greats invited on the occasion who had played against me," says Khan.
PM Imran also met the Sri Lankan president on the occasion. He tweeted that it was great to meet and discuss poverty alleviation with Gotabaya Rajapaksa.

Updated 24 Feb, 2021 05:21pm

Pakistan Navy seizes 700kg narcotics near Pishukan coast

Pakistan Navy says that the drugs are valued at approximately Rs2.2 Billion and they have been handed over to Anti-Narcotics Force for further legal formalities
Successful execution of operation against narcotics smuggling is based on prolonged surveillance and operational coordination: PN

Published 24 Feb, 2021 05:05pm

Maryam demands re-elections in entire Daska, says agencies falling under PM were involved in rigging

The PML-N has submitted a petition to the ECP demanding a re-election in the entire NA-75 constituency.

Published 24 Feb, 2021 04:52pm

Excellent meeting with Sri Lankan President Gotabaya, PM says following discussions on poverty alleviation

"We also exchanged views on how to give farmers more for their produce and get cheaper food and fruits to the population by using technology to eliminate middle men," the PM tweeted.
The PM also inaugurated Sri Lanka's High Performance Sports Complex.

Published 24 Feb, 2021 04:32pm

Latest

PM Khan, Sri Lankan president hold bilateral discussions

Matters of mutual interest were discussed between the two leaders.
The PM is visiting Sri Lanka for the first time since assuming office in 2018.

Published 24 Feb, 2021 10:49am

World

US orders deeper testing after engine scare on Boeing plane

The MAX began returning to commercial service in late 2020, with airline travel still depressed due to the coronavirus pandemic.

Updated 24 Feb, 2021 05:53pm

Business & Finance

Can IATA Travel Pass pave way for quarantine free travel?

“To re-open borders without quarantine and restart aviation governments need to be confident that they are effectively mitigating the risk of importing COVID-19. This means having accurate information on passengers’ COVID-19 health status,” states IATA on its website.

Published 24 Feb, 2021 10:45am

Sri Lanka too can benefit from CPEC: PM

COLOMBO: Pakistan and Sri Lanka on Tuesday agreed to further strengthen bilateral relations in diverse areas,... Updated 24 Feb, 2021 09:39am

World

Biden, al-Kadhemi discuss embassy rocket strikes

The attacks are usually claimed by shadowy groups that both Iraqi and US officials say are "smokescreens" for hardline pro-Iran factions inside Iraq.

Updated 24 Feb, 2021 05:45pm

World

Boeing 777: Engine maker will conduct inspections ordered by US regulator

The company said the fan blades would be examined using Thermal Acoustic Imaging (TAI) inspection "to confirm airworthiness."

Updated 24 Feb, 2021 05:45pm

World

Two more Biden cabinet picks confirmed, but one in peril

Also under fire was Xavier Becerra, California's attorney general whom Biden tapped for health secretary.

Updated 24 Feb, 2021 05:43pm

SC likely to firm up its opinion on ballot mode today

ISLAMABAD: The Supreme Court is likely to reserve or announce a short order on the presidential reference on the ... Updated 24 Feb, 2021 09:39am

World

China

Canada's parliament declares China's treatment of Uighurs as 'genocide'

Canada's House of Commons has overwhelmingly voted to declare China's treatment of its Uighur minority community as a genocide.
The motion, passed with a unanimous majority (266 in favour to 0 against), was supported by all opposition parties and the governing Liberal Party.

Updated 24 Feb, 2021 08:01pm

Europe

We need to talk about trade with China, UK parliament tells PM Johnson

The rights and wrongs of trading with China, the world's second-largest economy, have become a burning question for governments around the world.
Britain has denounced the torture, forced labour and sterilisations that it says are taking place against Muslim Uighurs on an "industrial scale".

Published 24 Feb, 2021 09:36pm

South Asia

India warns of worsening COVID-19 situation, vaccinations to expand

Reluctance grows over masks and social distancing.
India's 11 million infections are world's second worst.
States told to stick to stringent measures.
More vaccinations available from March 1.

Published 24 Feb, 2021 09:31pm

Middle East

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

"Sending my prayers to @TigerWoods and his family tonight -- here's to a speedy recovery for the GOAT (Greatest of all Time) of golf. If we've learned anything over the years, it's to never count Tiger out."

Published 24 Feb, 2021 10:58am

Sports

Crusaders red-hot favourites before Super Rugby Aotearoa kicks off

Updated 24 Feb, 2021 05:45pm

Sports

Collins stuns world number one Barty in Adelaide

Published 24 Feb, 2021 05:18pm