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Coronavirus
VERY HIGH
Pakistan Deaths
16,316
7324hr
Pakistan Cases
761,437
515224hr
Sindh
272,729
Punjab
270,338
Balochistan
20,940
Islamabad
70,079
KPK
106,500
World Published 19 Apr, 2021 05:02pm

After the initial snub, US formally invites Pakistan to President Biden’s first summit on climate

  • SAPM on Climate Change Malik Amin Aslam will represent Pakistan at the summit.
  • Pakistan was not among the 40 countries initially invited to the summit when it was announced by US President Joe Biden last month.
  • The summit “will be a key milestone on the road to the United Nations Climate Change Conference [COP26] this November in Glasgow [in the U.K.],” said the White House.
After the initial snub, US formally invites Pakistan to President Biden’s first summit on climate
Currency Rate
USD PKR Interbank Selling / Apr 16
152.80
USD PKR Interbank Buying / Apr 16
152.70
USD to Japanese Yen / Apr 16
108.80
USD to Swiss Franc / Apr 16
0.92
Pound Sterling to USD / Apr 16
1.38
Euro to USD / Apr 16
1.20
UK LIBOR % / Apr 16
0.07
Stock Volume
S&P 500 / Apr 16
4185.47
India Sensex / Apr 16
48832.03
Tokyo Nikkei / Apr 16
29683.37
Nasdaq / Apr 16
14052.34
Hang Seng / Apr 16
28969.71
FTSE 100 / Apr 16
7019.53
Dow Jones / Apr 16
34200.67
Germany DAX 30 / Apr 16
15459.75
France CAC40 / Apr 16
6287.07
Item Value
Crude Oil / Apr 16
63.13
Karachi Cotton Assoc. / Apr 16
10800.00
Gold 10 Grams / Apr 16
94564.00
Gold Spot / Apr 16
1780.20
Cotton / Apr 16
85.03

Business & Finance

BR Research

More bad press

Despite recent efforts to improve Pakistan’s image, the problem refuses to go away. Last week’s deadly protests,...
Published 19 Apr, 2021 07:25am
Money & Banking

Creval investors vote to keep CEO Lovaglio as CAI's buyout nears conclusion

  • The buyout offer launched by the local arm of France's Credit Agricole to expand in its biggest market outside France as Italy's banking sector consolidates runs until Wednesday.
  • Creval has rejected CAI's as too low. The new board meets later on Monday to discuss improved terms for the offer after CAI last week raised the price to 12.20 euros from 10.5 euros in a bid to encourage take-up.
Published 19 Apr, 2021 05:38pm
Companies

Chip shortage casts shadow over China's auto industry recovery

  • Automakers around the world have had to adjust assembly lines due to the shortages, caused by manufacturing delays that some semiconductor makers blame on a faster-than expected recovery from the coronavirus pandemic.
  • Volkswagen AG, China's biggest foreign automaker which hopes to sell over four million vehicles in the country, said the situation had not improved in the second quarter.
Published 19 Apr, 2021 05:32pm
China's market regulator investigates Alibaba-Minmetals JV
Companies

China's market regulator investigates Alibaba-Minmetals JV

  • Minmetals said in a statement that it received a notice from the State Administration for Market Regulation in recent days about an investigation into the joint venture formed in 2015, in which Alibaba transferred its 44% stake to an unrelated firm in 2019.
Published 19 Apr, 2021 05:23pm
Commodities

Bullish investors push copper towards 10-year highs

  • "That February high" -- $9,617 -- "will be tested sooner or later," said Saxo Bank analyst Ole Hansen, taking prices to their highest since 2011. Prices would then target $10,000 a tonne, he said.
  • World shares traded near record highs with investors generally upbeat about the prospects for a global economic recovery from COVID-19.
Published 19 Apr, 2021 05:20pm
Stocks

India shares plunge as record infections prompt new lockdowns

  • The NSE Nifty 50 index was down 1.77% at 14,359.45 and the S&P BSE Sensex fell 1.81% to 47,949.42.
  • Private banks also suffered as they dropped 2.6%, with top private-sector lender HDFC Bank losing 1.1%, as investors sold off positions fearing that the resurgence in COVID-19 cases would hurt banks' asset quality.
Published 19 Apr, 2021 04:43pm

BR Research

BR Research

So long, Uncle Sam!

America is ready to leave Afghanistan. Joe Biden’s solemn speech earlier on Wednesday announced a complete...
Published 16 Apr, 2021 07:30am
BR Research

Autos’ small changes

Latest Large-Scale Manufacturing (LSM) numbers spin a positive tale of recovery for industrial growth in Pakistan; ...
Published 16 Apr, 2021 07:36am

Pakistan

After the initial snub, US formally invites Pakistan to President Biden’s first summit on climate

  • SAPM on Climate Change Malik Amin Aslam will represent Pakistan at the summit.
  • Pakistan was not among the 40 countries initially invited to the summit when it was announced by US President Joe Biden last month.
  • The summit “will be a key milestone on the road to the United Nations Climate Change Conference [COP26] this November in Glasgow [in the U.K.],” said the White House.
Published 19 Apr, 2021 05:02pm

FM Qureshi says no meeting scheduled with Indian counterpart in UAE

  • He said the purpose of the visit to the UAE is to further strengthen the existing ties between the Muslim two countries.
  • The top leadership of ISI and RAW had also held a secret meeting in the UAE in January this year that led to a ceasefire on the Kashmir border.
Published 19 Apr, 2021 05:01pm

Mufti Muneeb announces nationwide shutter down strike in TLP support today

  • Mufti Muneeb-ur-Rehman demanded that the arrested TLP workers be released.
  • Jamiat Ulema-e-Islam-Fazl (JUI-F) Chief Maulana Fazlur Rehman and Jamaat-e-Islami Ameer Siraj ul Haq also announced that they fully supported Muneeb's call for strike.
  • CNG and petrol pumps, as well as markets, will remain closed today.
Published 19 Apr, 2021 11:08am

Latest

Print

Tarin, PM take stock of economy

Tarin, PM take stock of economy
ISLAMABAD: The new Minister for Finance and Revenue, Shaukat Tarin, is said to have met with Prime Minister Imran... Published 19 Apr, 2021 03:21am

World

After the initial snub, US formally invites Pakistan to President Biden’s first summit on climate

  • SAPM on Climate Change Malik Amin Aslam will represent Pakistan at the summit.
  • Pakistan was not among the 40 countries initially invited to the summit when it was announced by US President Joe Biden last month.
  • The summit “will be a key milestone on the road to the United Nations Climate Change Conference [COP26] this November in Glasgow [in the U.K.],” said the White House.
Published 19 Apr, 2021 05:02pm
Europe

'Britcoin' not bitcoin? UK considers new digital currency

  • UK creates BoE-Treasury taskforce to look at 'digital pound'.
  • Sunak focused on boosting London's competitiveness after Brexit.
  • Britain will lift curbs on who can trade shares in London.
  • Britain will ease limit on off-exchange share trading.
Published 19 Apr, 2021 04:27pm
South Asia

Austria will only use Sputnik V vaccine after EMA approval, Kurz says

  • Austria has been in talks with Russia to buy a million doses of the vaccine, and Kurz said on March 31 the order would probably be placed the following week. However, that order has yet to be announced.
  • Kurz had recently avoided saying whether his country would await EMA approval of the vaccine, which has been used in the European Union only by Hungary so far. EMA has launched a rolling review of Sputnik V.
Published 19 Apr, 2021 04:58pm

Rewarding the land mafias

EDITORIAL: Like the sugar barons a common presence in all political parties, inside and outside the government, is...

Developing countries and SDGs

EDITORIAL: It’s interesting to note that Planning Commission Deputy Chairman Dr Mohammad Jahanzeb Khan quoted from...

Welcome advice from PBC

EDITORIAL: Finance Minister Hammad Azhar should welcome the advice, however unsolicited, that came from the Pakistan...
AAJ PROGRAM SCHEDULE

AAJ PROGRAM SCHEDULE

Monday, April 19, 2021 TIMING PROGRAM TITLE 06:00:00 NEWS BULLETIN 06:25:00 HEADLINE NEWS 06:30:00 NEWS BULLETIN... Published 19 Apr, 2021 03:21am
Former Sri Lanka player Lokuhettige gets eight-year ban for corruption

Former Sri Lanka player Lokuhettige gets eight-year ban for corruption

  • Lokuhettige, who played nine one-dayers and two Twenty20 internationals for Sri Lanka, was charged with three counts of breaching the anti-corruption code of world governing body.
  • "Having represented Sri Lanka in international cricket, Dilhara had attended a number of anti-corruption education sessions and would have known his actions were a breach of the Code," said Alex Marshall, ICC General Manager - Integrity Unit.
Published 19 Apr, 2021 04:18pm