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

Business & Finance

Material stocks drag TSX lower
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
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
Johnson & Johnson's one-dose vaccine closes in on US approval
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

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

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

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

Latest

Business & Finance

Can IATA Travel Pass pave way for quarantine free travel?

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

World

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
IMF prior conditions

IMF prior conditions

EDITORIAL: No definite date has been set for the International Monetary Fund (IMF) Board approval of the staff-level...
Adieu Ali Sadpara

Adieu Ali Sadpara

EDITORIAL: The deeply saddening news came last Thursday that the search for Pakistan’s celebrated mountaineer...
Rizwan and Fawad promoted to Category A and C, respectively

Rizwan and Fawad promoted to Category A and C, respectively

  • 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
Trump predicts Woods return, Obama: never count Tiger out

Trump predicts Woods return, Obama: never count Tiger out

  • "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