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Pakistan Published 18 Jan, 2021 05:30pm

Anti-govt protests: PDM announces new round of rallies across Pakistan

Rehman says the PDM has decided to hold a 'Million March' in Karachi on January 21 and Kashmir rally in Rawalpindi's Liaqat Bagh on February 5
The PDM leadership will enthusiastically stage a protest demonstration in front of the Election Commission regarding the foreign funding case: Rehman

Pakistan

Pakistan approves Sinopharm COVID-19 vaccine for emergency use

Published 18 Jan, 2021 07:54pm

Pakistan

Security forces kill two TTP linked terrorists in South Waziristan: ISPR

Updated 18 Jan, 2021 03:56pm

Pakistan

Arnab Goswami's WhatsApp messages show Modi Govt used Balakot attack to win election: PM

Updated 18 Jan, 2021 11:51am

Pakistan

Govt has decided to make Broadsheet documents public on PM's orders, says Akbar

Published 18 Jan, 2021 03:38pm

World

At least 83 killed in fighting in Sudan's Darfur: medics

Published 18 Jan, 2021 12:31pm

Pakistan

Conspiracy exposed: Modi got 40 Indian soldiers killed in Pulwama to win polls: Qureshi

Published 18 Jan, 2021 12:15pm

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Jan 16	160.35
USD PKR Interbank Buying / Jan 16	160.20
USD to Japanese Yen / Jan 16	103.90
USD to Swiss Franc / Jan 16	0.89
Pound Sterling to USD / Jan 16	1.36
Euro to USD / Jan 16	1.21

Stock	Volume
S&P 500 / Jan 16	3770.02
India Sensex / Jan 16	49034.67
Tokyo Nikkei / Jan 16	28519.18
Nasdaq / Jan 16	12998.50
Hang Seng / Jan 16	28573.86
FTSE 100 / Jan 16	6735.71
Dow Jones / Jan 16	30814.26
Germany DAX 30 / Jan 16	13787.73
France CAC40 / Jan 16	5611.69

Indicator	Value
UK LIBOR % / Jan 16	0.09

Gainers
Losers
Leaders

Stock	Price
B.R.R. Mod. (R) / Jan 19 B.R.R. Guardian Modaraba (R)(BRRR)	2.54 ▲ 1.17 (70.47%)
Popular Islamic Mod. / Jan 19 Popular Islamic Modaraba(PIM)	6.94 ▲ 1.00 (15.67%)
Pakistan Cables / Jan 19 Pakistan Cables Limited(PCAL)	157.59 ▲ 21.21 (15.07%)
Khurshid Spinng / Jan 19 Khurshid Spinning Mills Limited(KHSM)	18.41 ▲ 1.28 (14.99%)
Khairpur / Jan 19 Khairpur Sugar Mills Limited(KPUS)	52.72 ▲ 6.72 (14.61%)
B.R.R. Mod. / Jan 19 B.R.R. Guardian Modaraba(BRR)	12.50 ▲ 1.30 (11.61%)
Nagina Cot. / Jan 19 Nagina Cotton Mills Limited(NAGC)	57.51 ▲ 4.61 (8.51%)
Pakgen Power / Jan 19 Pakgen Power Limited(PKGP)	25.98 ▲ 1.98 (8.25%)
Tata Textile / Jan 19 Tata Textile Mills Limited(TATM)	56.86 ▲ 3.96 (7.28%)
F.Treet Manuf.Mod / Jan 19 First Treet Manufacturing Modaraba(FTMM)	17.87 ▲ 1.22 (7.26%)

Stock	Price
Sally Tex. / Jan 19 Sally Textile Mills Limited(SLYT)	4.71 ▼ 0.00 (-11.96%)
KASB Mod. / Jan 19 KASB Modaraba(KASBM)	1.60 ▼ 0.31 (-11.11%)
IbrahimFibres / Jan 19 Ibrahim Fibres Limited(IBFL)	105.02 ▼ 6.95 (-10.96%)
Saudi Pak Leas. / Jan 19 Saudi Pak Leasing Company Limited(SPLC)	1.60 ▼ 0.32 (-9.09%)
First Pak Modaraba / Jan 19 First Pak Modaraba(PAKMI)	2.21 ▼ 0.92 (-8.68%)
First Prud Mod. / Jan 19 First Prudential Modaraba(PMI)	2.11 ▼ 1.01 (-8.26%)
Shadman Cotton / Jan 19 Shadman Cotton Mills Limited(SHCM)	22.89 ▼ 1.71 (-6.95%)
Media Times / Jan 19 Media Times Limited(MDTL)	2.05 ▼ 0.22 (-6.82%)
Yousuf Weaving / Jan 19 Yousaf Weaving Mills Limited(YOUW)	4.69 ▼ 0.13 (-6.76%)
Pak. P.V.C. / Jan 19 Pakistan PVC Limited(PPVC)	3.55 ▼ 0.09 (-6.58%)

Stock	Volume
TRG Pak. / Jan 19 TRG Pakistan Limited(TRG)	47,593,500 ▼ 7.79
Fauji Foods / Jan 19 Fauji Foods Limited(FFL)	44,616,500 ▼ 1.25
Hum Network / Jan 19 Hum Network Limited(HUMNL)	38,439,000 ▼ 0.50
K-Electric Ltd / Jan 19 K-Electric Limited(KEL)	33,013,500 ▼ 0.05
Power Cement / Jan 19 Power Cement Limited(POWER)	29,144,000 ▼ 0.89
Unity Foods / Jan 19 Unity Foods Limited(UNITY)	21,084,818 ▼ 0.75
Jahangir Sid. Co. / Jan 19 Jahangir Siddiqui & Co. Ltd.(JSCL)	20,909,000 ▼ 1.94
Fauji Fert. Bin / Jan 19 Fauji Fertilizer Bin Qasim Limited(FFBL)	18,554,500 ▼ 0.50
Pakistan Refinery / Jan 19 Pakistan Refinery Limited(PRL)	18,531,000 ▼ 0.29
Worldcall / Jan 19 Worldcall Telecom Limited(WTL)	18,273,500 ▼ 0.08

Markets →

Business & Finance

Stocks

Stocks waver as COVID-19 fears trump recovery hopes

MSCI ACWI down 0.1%.
Dollar up, yen up, euro down.
U.S. markets on holiday.

Updated 18 Jan, 2021 11:09pm

BR Research

LSM: the tides are changing

Large Scale Manufacturing (LSM) index jumped 14.5 percent in November 2020, arguably the fastest year-on-year growth...

Published 18 Jan, 2021 07:25am

Energy

Oil slips on coronavirus fears, strong dollar

Brent crude was down 23 cents, or 0.4pc, at $54.87 per barrel at 1720 GMT, and West Texas Intermediate U.S. crude fell 19 cents, or 0.4pc, to $52.17.

Published 19 Jan, 2021 12:39am

Commodities

White sugar sets 3-1/2 year high, London cocoa also rises

U.S.-based raw sugar, arabica coffee and New York cocoa futures contracts were shut on Monday for Martin Luther King Jr. Day and will reopen on Tuesday.

Published 19 Jan, 2021 12:34am

BR Research

Sugar: don’t let them take you for a ride

If 9’ o clock media speaks the pulse of the nation, then Pakistan’s economy is always in dire straits. Same can...

Published 18 Jan, 2021 07:30am

Forex

South African rand softer as risk appetite wanes, stocks gain

Rand traded at 15.2900 versus the dollar, 0.43% weaker than its previous close.

Updated 18 Jan, 2021 11:09pm

IMF chief sees 'high degree of uncertainty' in global outlook

Georgieva said the IMF had rapidly increased concessional financing to emerging market and developing economies.

Updated 18 Jan, 2021 11:09pm

Forex

Sterling falls; speculative longs hit 10-month highs

The pound was at $1.3572, down 0.1% against the dollar since the previous session's New York close.

Updated 18 Jan, 2021 11:09pm

Stocks

Abu Dhabi market leads broader gains

Abu Dhabi marks best session in over 9 months.
First Abu Dhabi Bank powers Abu Dhabi benchmark.
Saudi Telecom best performer on Saudi main index.

Published 18 Jan, 2021 07:14pm

Commodities

Copper rises on strong economic data from top metals buyer China

Three-month benchmark copper on the London Metal Exchange (LME) gained 0.5% to $7,991 tonnes.
The China data was pretty robust, not any great surprises there but just confirmation that China is back on track and that is a solid underpinning for metals.

Published 18 Jan, 2021 07:12pm

Commodities

China's corn, wheat imports in 2020 reach record highs

Corn imports in 2020 were more than double the previous year's volume and exceeded their annual quota, which was set at 7.2 million tonnes.
China also imported a record 8.38 million tonnes of wheat, against a quota of 9.64 million tonnes.

Published 18 Jan, 2021 07:07pm

BR Research

A happening start to 2021

Half-way through the first month of 2021, and it has been a rather happening start - from the events that unfolded ...

Published 18 Jan, 2021 07:35am

BR Research

Paddy: steadfast in the face of threats?

If provisional estimates by provincial Crop Reporting Services are to be believed, Pakistani farmers are set to...

Published 18 Jan, 2021 07:40am

BR Research

Interview with Faizaan Ghauri, CEO, WRLD

“Pakistan in a prime position to lead Virtual and Augmented Reality application development.” Faizaan Ghauri is...

Published 18 Jan, 2021 07:45am

BR Research

Circular debt: Going nowhere

The circular debt stock had crossed Rs2300 billion by November 2020. The incremental flow of circular debt in five...

Published 15 Jan, 2021 07:25am

BR Research

LNG and the private sector

Earlier this week, OGRA issued two new gas marketing licenses to Energas and Tabeer. If these have tie and point and...

Published 15 Jan, 2021 07:30am

BR Research

E&P sector’s charm fading?

From flattish oil and gas levels to declining volumes, production by the E&P companies have been running dry in...

Published 15 Jan, 2021 07:35am

Pakistan

Educational activities resume from Class 9 to 12; teams to ensure implementation of SOPs: Minister

Shahram said that testing and screening of teachers and students against corona infection would continue and measures are being taken to increase the testing facilities.

Published 19 Jan, 2021 12:05am

Ravi Riverfront project to provide lakhs of job opportunities: Dr. Firdous

She said more than 200,000 acres of land would be utilised for setting up new city in Lahore under Ravi Riverfront project and it would be completed in the next 30 years.

Published 18 Jan, 2021 11:59pm

No seminary student, militia to be allowed in PDM protest: Sheikh Rasheed

Sheikh Rasheed said he had a meeting with the prime minister to discuss the measures being taken regarding the PDM's protest.

Published 18 Jan, 2021 11:56pm

CDA to complete PWD underpass by end of April

He said that earth work and Pipe Culverts work for east and west ramp of the said project have been completed.

Published 18 Jan, 2021 11:43pm

Hafeez directs for smooth wheat, sugar supply at reasonable prices

He also urged the provincial governments to continue taking necessary steps to ensure provision of basic items at affordable prices across the country.

Published 18 Jan, 2021 11:38pm

PM for fast-tracking establishment of border markets along Afghan, Iran bordering areas

The prime minister expressed these views while presiding over a meeting here to review progress regarding the establishment of border markets in bordering areas with Afghanistan and Iran.

Published 18 Jan, 2021 11:36pm

3-member cabinet committee to recommend action against Broadsheet beneficiaries: Shibli

Action would be taken against all the elements, who were either benifitted or had given favours to the Broadsheet in the light of the committee's recommendations, he added.

Published 18 Jan, 2021 11:33pm

Govt inherited inflation, precarious economic crisis: Hafeez Sheikh

He said the government had to take very unpopular decision of not giving any raise in salaries to the employees.

Published 18 Jan, 2021 11:29pm

Latest

Business & Finance

Biden expected to pick FTC member Chopra to head consumer financial regulator

Chopra's appointment would take a key advocate for strong regulation of big technology companies off of the FTC.

Published 18 Jan, 2021 11:19am

Pakistan

'Brutal act of terrorism', FO condemns assassination of two female judges in Kabul

"This is a brutal act of terrorism. Pakistan condemns terrorism in all its forms and manifestations," FO said.
FO called upon all parties to accelerate the peace process.

Published 18 Jan, 2021 10:36am

Pakistan

Shafqat Mehmood wishes luck to students as they return to school today

Students of class 9 to 12, as well as O and A level students have returned to their schools today.
Educational institutions were closed on November 26 due to a surge in COVID-19 cases.

Published 18 Jan, 2021 09:19am

World

Latest on worldwide spread of the coronavirus

Portugal's public health system is on the verge of collapsing as hospitals in the areas worst-affected by a worrying surge in coronavirus cases are quickly running out of intensive care beds to treat COVID-19 patients.

Published 18 Jan, 2021 10:26am

Business & Finance

China's economy picks up speed in Q4, ends 2020 in solid shape after COVID-19 shock

Some analysts also cautioned that a recent rebound in COVID-19 cases in the northeast of the country could impact activity and consumption in the run-up to next month's long Lunar New Year holidays.

Published 18 Jan, 2021 10:17am

Business & Finance

Pakistan LNG says supplier unable to deliver cargo after tender award

Logistical challenges due to limited LNG tanker availability and record high spot prices has meant that some suppliers have not been able to deliver cargoes on time, a Singapore-based trade source said.

Published 18 Jan, 2021 09:59am

Govt likely to import LNG itself till new terminals commissioned

ISLAMABAD: Ministry of Maritime Affairs (MoMA) has proposed to the government to import LNG itself as per available... Published 18 Jan, 2021 04:10am

Covid-19 vaccines Procurements by ministry granted exemption

ISLAMABAD: The Federal government has exempted procurement of Covid-19 vaccine or vaccines by the Ministry of... Published 18 Jan, 2021 04:10am

World

WHO pandemic review panel critical of China, WHO delays

It called for a "global reset" and said it would provide recommendations in a final report to health ministers in May.

Published 19 Jan, 2021 12:25am

Europe

Norway says advice on use of Pfizer vaccine is unchanged

The Nordic country is currently vaccinating residents of care homes, including those with serious underlying diseases.

Published 19 Jan, 2021 12:53am

South Asia

Tens of thousands skip India's vaccine drive launch

In the first two days of the drive, which started Saturday, the government said 224,000 of 300,000 planned vaccinations were carried out.

Published 18 Jan, 2021 07:41pm

Middle East

UK 'seriously concerned' by Israeli expansion of W. Bank homes

The government of Israel on Sunday directed authorities to approve construction of the new settler homes in the occupied territory.

Published 18 Jan, 2021 07:30pm

Editorials

Tax quantum under litigation

EDITORIAL: That the total disputed tax amount stuck in litigation has increased by 38 percent to Rs1.8 trillion over...

POL products’ prices hiked

EDITORIAL: Petroleum and its products’ prices have been raised for the second half of January by 3.20 per litre ...

Trigger-happy police

EDITORIAL: The judicial inquiry into the killing of 21-year old student Osama Satti by an Anti-Terrorism Squad (ATS)...

Karachi uplift plan

EDITORIAL: The government deserves praise for remembering its promise about the Karachi Transformation Plan (KTP)....

Govt makes tough calls when times get hard?

EDITORIAL: The federal government employees have been demanding – through protracted demonstrations – the...

Opinion

CPEC — the engine of our growth

Anjum Ibrahim

Fiftyone memoranda of understanding (MoUs) with an initial 46 billion dollar envisaged investment were signed in...

Trumped, twittered and mobbed

Andleeb Abbas

The expected happened. Donald Trump’s trumpet of fighting till the end was literal and real. For most people in ...

COVID-19: Digital banking tipping point in Pakistan

Ali Ashar Jaffri

The Covid-19 pandemic has not only impacted but rather transformed almost all aspects of our lives. The year 2020...

Raast: Rolling the dice

Ali Khizar

Raast clearly has the potential to revolutionize banking in Pakistan. It is a backend plumbing that would allow...

PIA plane impounded at KL

Malik Tariq Ali

A PIA B777 has been impounded on court orders before departure at KL, because of default in lease payments. Any...

Perspectives

What is Raast? An Explainer

Ammar Habib Khan

Lately there has been a lot of chatter regarding launch of a payment interface by the Central Bank, which has aptly been branded as ‘Raast’, and is being heralded as the ultimate solution to all payment related problems.
If built, and leveraged well, ‘Raast’ can truly catalyse a paradigm shift regarding how transactions are executed in the country, enabling hefty economic dividends in the process.