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Pakistan

Punjab govt suspends 18 health officials for 'out of turn' COVID vaccination

Initial inquiry transpired that the staff was taking bribes from people to save them from waiting in long lines for vaccination
The employees have been served show-cause notices after confirmation of the charges

Published 18 May, 2021 01:58pm

Technology

Pakistan’s teledensity reach 85pc, 88pc has access to internet: PTA

“There are now over 100 million broadband subscribers with total teledensity at 85pc, over 181 million mobile subscribers and 2.4 million fixed-line subscribers,” said PTA.

Published 18 May, 2021 01:40pm

Markets

CBOT soybeans may bounce to $16.25-3/4

Based on this analysis, the contract may bounce towards $16.41-3/4.

Published 18 May, 2021 12:35pm

Markets

Australia, NZ dollars in tight bands awaiting clues on inflation

Australian government bond futures eased too, with the three-year bond contract off 1 tick at 99.74 ticks, implying yield of 0.25% when the cash rate is at 0.1% now.

Published 18 May, 2021 12:30pm

Pakistan

Pakistan finalizes deal to acquire two million doses of Sputnik V vaccine

The first consignment of two million doses of Sputnik V vaccine will be transported to Pakistan soon
Russian scientist says the shot had proven 97.6 percent effective against COVID-19 in a real-world assessment, based on data from 3.8 million people

Published 18 May, 2021 12:30pm

World

US approves release of oldest Guantanamo prisoner - a Pakistani man accused of ties with Al-Qaeda

Saifullah Paracha, who was captured in Thailand in 2003, was held in Guantanamo Bay prison on suspicion of ties to Al-Qaeda but has never been charged.
Abdul Rabbani, also a citizen of Pakistan, and Uthman Abdul al-Rahim Uthman, a Yemeni have also been released.

Updated 18 May, 2021 01:27pm

Markets

South Korean stocks climb as more economies reopen

The KOSPI has risen 10.43% so far this year, and gained 0.7% in the previous 30 trading sessions.

Published 18 May, 2021 12:25pm

Markets

Copper rises; ShFE zinc at 13-1/2-year high on supply concerns

Meanwhile, Yangshan copper premium climbed $1.50 to $38.50 a tonne on Monday, rising for the first time since February and signalling early signs of improved demand for imported metal into China.

Published 18 May, 2021 12:23pm

Markets

FTSE 100 rises on commodity stocks, jobs data boost; Oxford Biomedica jumps

The domestically focussed mid-cap FTSE 250 index advanced 0.8%.

Published 18 May, 2021 12:21pm

Pakistan

Faisal Edhi applies for visa to travel to Palestine for relief work

Chairman of the Edhi Foundation Faisal Edhi said that he plans to cross over into Gaza from Egypt.
He further said that the foundation had set up an initial fund of Rs30 million to purchase medicines, tents and other items

Updated 18 May, 2021 01:01pm

Markets

Gold, energy stocks lift Australia shares higher as commodity prices firm

Heavyweights Woodside Petroleum and Santos rose 2.1% and 1.6%, respectively.

Published 18 May, 2021 12:01pm

World

21 dead, 96 missing as cyclone batters Covid-stricken India

Authorities there scrambled to ensure there would be no power cuts in the nearly 400 designated Covid hospitals and 41 oxygen plants in the area.

Published 18 May, 2021 11:57am

Pakistan

SHC extends stay order over demolition of leased properties along Orangi, Gujjar nullahs

The SHC instructed the Sindh government and Karachi Metropolitan Corporation to submit documents, proving the Supreme Court had ordered the demolition of leased properties
The officers who approved the lease should be held accountable: Court

Published 18 May, 2021 11:57am

Markets

Tokyo stocks close higher after recent falls

But Nintendo gave up gains and fell 1.40 percent to 61,830 yen.

Published 18 May, 2021 11:54am

Markets

Indian shares jump as financials extend gains

Auto stocks rose 1.03%, with Tata Motors climbing nearly 2% ahead of its quarterly results.

Published 18 May, 2021 11:52am

Markets

Taiwan shares surge nearly 5%, easing dollar supports Asian FX

However, stocks markets in the developing economies of Indonesia, Malaysia and the Philippines were broadly lower as worries over the virus and its impact on their economies remain.

Published 18 May, 2021 11:49am

Markets

Energy, telecom firms lift Hong Kong stocks higher; China trade in narrow range

On the mainland, major indexes were mixed after hitting two-month highs in the previous session.

Published 18 May, 2021 11:27am

Sports

Injured Archer looking forward to T20 World Cup, Ashes

"It's quite a longstanding issue now and it keeps raising its ugly head at times he doesn't want it to," Broad said.

Published 18 May, 2021 11:21am

Markets

Corn jumps 1.5% as USDA pegs planting behind forecast

The most-active soybean futures were up 0.5% at $15.95-1/4 a bushel, having closed flat in the previous session.

Published 18 May, 2021 11:18am

Markets

India's Nifty hits 2-month high as COVID-19 cases stay below 300,000 mark

A heady rally in metal stocks paused last week as commodity prices pulled back from record prices. The Nifty metal index is up more than 10% this month despite the pause last week, after surging 21.9% in April.

Published 18 May, 2021 11:10am

Markets

Oil rises as US, Europe reopen economies

"Some expectations that negotiations between Iran and the United States may lead to a resumption of Iranian oil exports is limiting the upside of oil prices," said Hiroyuki Kikukawa, general manager of research at Nissan Securities.

Published 18 May, 2021 11:07am

Markets

US oil may rise to $67.98

The second correction triggered by this zone looks too shallow, casting some shadow on the current rise.

Published 18 May, 2021 11:05am

Pakistan

UN President Bozkir to visit Pakistan from May 25 to 27

Bozkir will be received by President Arif Alvi, Prime Minister Imran Khan, and Foreign Minister Shah Mahmood Qureshi
The N president's visit comes after the UNGA will hold an urgent meeting on May 20 to discuss the grave situation in the Occupied Palestinian Territory

Published 18 May, 2021 11:04am

Markets

Palm oil may rise to 4,369 ringgit

This fall looks like a pullback towards the March 15 high of 4,192 ringgit, around which, the contract is stabilizing, as suggested by the doji forming on Monday.

Published 18 May, 2021 11:01am

Markets

Brent oil may rise towards March 8 high of $71.38

A wedge is contracting to a point, which looks more like a bullish continuation pattern. Once confirmed, it will suggest a target of $80.

Published 18 May, 2021 11:00am

Markets

Spot gold may retreat into $1,830-$1,847 range

On the daily chart, the metal faces a similar resistance at $1,874, which may trigger a pullback towards the falling trendline.

Published 18 May, 2021 10:58am

Markets

Asian shares push higher, dollar eases

The dollar index was down 0.082%, with the euro at $1.2157.

Published 18 May, 2021 10:56am

Markets

Gold prices at 3-1/2-month high on weaker dollar, inflation anxiety

Investors now await minutes of the US Fed's last meeting, due on Wednesday, for more cues on the US central bank's monetary policy.

Published 18 May, 2021 10:52am

Markets

Australia shares rise as gold, iron ore miners gain

Buy-now-pay-later giant Afterpay Ltd was down 1.6%, while aerial imagery tech firm Nearmap Ltd fell 3.2%.

Published 18 May, 2021 10:51am

Markets

Australia shares likely to open up on oil, gold boost; NZ rises marginally

The local share price index futures rose 0.2%, a 6.4-point premium to the underlying S&P/ASX 200 index close.

Published 18 May, 2021 10:48am

Markets

China's yuan firms as dollar drops on US rate outlook

Analysts and traders also say that relatively tight cash conditions ahead of monthly tax payments due this week continue to provide some support for China's currency.

Published 18 May, 2021 10:46am

Markets

Canadian dollar nears recent 6-year high as oil climbs

Canada's inflation report for April is due on Wednesday, which could offer clues on the Bank of Canada policy outlook.

Published 18 May, 2021 10:44am

Markets

Dollar inches lower as Treasury yields hold firm

And despite higher metal prices, the Australian dollar also edged lower.

Published 18 May, 2021 10:41am

Life & Style

Ariana Grande marries real estate agent boyfriend Dalton Gomez in tiny ceremony

The pop star had a pandemic wedding with less than 20 people in attendance.

Published 18 May, 2021 10:40am

Markets

Dollar drops as yield support fades amid expectations of low US rates

The onshore yuan edged up to 6.4279 per dollar, not far from an almost three-year high reached last week.

Published 18 May, 2021 10:39am

Markets

Gold extends rally as dollar weakness, inflation jitters lift appeal

"However, the pace of the gold rally appears to be outpacing fundamentals right now, and the Relative Strength Index (RSI) has entered overbought territory.

Published 18 May, 2021 10:33am

Markets

Hong Kong stocks finish morning higher

The Hang Seng Index rose 1.25 percent, or 351.11 points, to 28,545.20.

Published 18 May, 2021 10:30am

Markets

Asia markets mostly rise but virus, inflation fears linger

"Markets continue to view this progress favorably, with long-term interest rates remaining remarkably calm and the stock market, so far, avoiding any sharp correction."

Published 18 May, 2021 10:28am

World

Long working hours are a killer, WHO study shows

The paper in the journal Environment International showed that 745,000 people died from stroke and heart disease associated with long working hours in 2016

Published 18 May, 2021 10:28am

World

Macron hosts summit on post-Covid Africa finance

Macron notably announced that France would cancel almost $5 billion in debt owed by Khartoum in order to help a transition he described as an "inspiration".

Published 18 May, 2021 10:24am

Technology

Pakistan installs 4G BTS at K2 Base camp

PTA informed that a 4G Base Transceiver Station (BTS) has been installed at K2 Base camp area of Concordia in order to provide better communication facilities to the mountaineers and trekkers.

Published 18 May, 2021 10:23am

World

Monster cyclone batters Covid-stricken India's west coast

Cyclone Tauktae battered swathes of the vast nation, sending huge waves crashing onto its shores, turning streets into rivers and forcing hundreds of thousands of people to flee.

Published 18 May, 2021 10:20am

World

Canada taps woman general as new head of Covid vaccine campaign

Vance retired earlier this year before the allegations were made public.

Published 18 May, 2021 10:18am

Markets

Tokyo stocks open higher after recent falls

Among blue-chip stocks, Uniqlo operator Fast Retailing added 2.82 percent to 88,520 yen. SoftBank Group rose 1.71 percent to 8,575 yen. Robot maker Fanuc surged 2.60 percent to 25,215 yen.

Published 18 May, 2021 10:14am

Markets

Hong Kong stocks begin with gains

The Hang Seng Index rose 0.87 percent, or 243.94 points, to 28,438.03.

Published 18 May, 2021 10:13am

World

US military chief warns Israel-Palestinian conflict destabilising 'beyond Gaza'

Palestinian militants have fired around 3,350 rockets toward Israel, which has responded with relentless air strikes it says are targeting top Hamas commanders and military infrastructure.

Published 18 May, 2021 10:10am

World

Pfizer, Moderna COVID vaccines appear effective against Indian variants: Research

As per lab experiments involving cell cultures, the B.1.617 and B.1.618 variants seem to be partially resistant to the antibodies developed by the vaccination
Researchers say the vaccine's antibodies are a little bit weaker against the variants, but not to an extent that it would have much of an effect on the protective ability of the vaccines

Updated 18 May, 2021 10:26am

Sports

Kane wants to leave Spurs: reports

He has regularly spoken about his desire to win trophies, but is yet to land one with Tottenham, who are without major silverware since the 2008 League Cup.

Published 18 May, 2021 10:05am

World

US state makes death row inmates choose electric chair or firing squad

An acute shortage of the deadly drugs used in lethal injections has lasted several years, as several major laboratories refuse to stock US prisons to avoid the bad PR of being associated with the death penalty.

Published 18 May, 2021 10:02am

World

UN meeting on Myanmar arms embargo postponed

It also demanded that the military "immediately and unconditionally" release President Win Myint, State Counsellor Aung San Suu Kyi and other politicians under arbitrary detention.

Published 18 May, 2021 09:59am

Life & Style

SnackVideo-Edhi Ramadan campaign raises 20 million PKR donation

During this year's holy month, SnackVideo held hand with Edhi Foundation for celebration and charity, bringing...

Published 18 May, 2021 09:59am

World

India's virus cases decline but WHO expert says positive tests ominously high

At the current rate, India's total caseload since the epidemic began a year ago should pass the 25 million mark in the next couple of days.

Published 18 May, 2021 09:54am

Pakistan

Qureshi leaves for US en route Turkey to address UNGA on Palestine

Qureshi will then leave for the United States along with the foreign ministers of Turkey, Sudan and Palestine.
The FM is visiting New York to address the emergency session of the United Nations General Assembly (UNGA) on the Palestine issue.

Published 18 May, 2021 09:53am

World

Gaza reels under Israeli strikes as violence enters second week

Biden's administration says it is working behind the scenes, and that a Security Council statement could backfire.

Published 18 May, 2021 09:51am

Business & Finance

Pakistan's Remittances rise to all-time high of $2.8bn in April

Remittance inflows during July-April FY21 were mainly sourced from Saudi Arabia ($6.4 billion), United Arab Emirates ($5.1 billion), United Kingdom ($3.3 billion) and the United States ($2.2 billion).

Published 18 May, 2021 09:50am

World

Number of migrants arriving in Spain's Ceuta enclave Monday rises to 5,000: authorities

A spokesman for the Spanish government delegation in Ceuta said the numbers arriving Monday were unprecedented.

Published 18 May, 2021 09:49am

World

Brazil deforestation 94% illegal: report

"Bolsonaro made that promise of 'zero deforestation,' but how will we even know if the necessary information isn't available?" Paula Bernasconi, coordinator of the Centro da Vida Institute, told AFP.

Published 18 May, 2021 09:43am

Sports

Guardiola warns Aguero over Champions League final berth

"Then I will make a selection and they will be who they are normally: grumpy, upset with me. That's normal!"

Published 18 May, 2021 09:41am

Sports

Bristol extend Premiership lead with Gloucester win as fans return

All 14-man Gloucester had to show for a gutsy effort was a Santiago Carreras try converted by Billy Twelvetrees.

Published 18 May, 2021 09:39am

World

Biden tells Netanyahu he backs 'ceasefire' in Israel: White House

Biden "encouraged Israel to make every effort to ensure the protection of innocent civilians," the statement said.

Published 18 May, 2021 09:37am

Gainers
Losers
Leaders

Stock	Price
First Credit & Inv. / May 18 First Credit and Investment Bank Limited(FCIBL)	6.76 ▲ 0.96 (16.55%)
B. F. Mod. / May 18 B.F. Modaraba(BFMOD)	5.70 ▲ 0.70 (14.00%)
A. Shah Ghazi / May 18 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	8.75 ▲ 0.90 (11.46%)
Hala Enterpries / May 18 Hala Enterprises Limited(HAEL)	10.00 ▲ 1.00 (11.11%)
Samin Textile / May 18 Samin Textiles Limited(SMTM)	8.80 ▲ 0.84 (10.55%)
Flying Cement Ltd / May 18 Flying Cement Company Limited(FLYNG)	13.22 ▲ 1.00 (8.18%)
Quice Food / May 18 Quice Food Industries Limited(QUICE)	5.02 ▲ 0.37 (7.96%)
Bal. Glass / May 18 Balochistan Glass Limited(BGL)	14.08 ▲ 1.00 (7.65%)
Pak. P.V.C. / May 18 Pakistan PVC Limited(PPVC)	4.84 ▲ 0.34 (7.56%)
Fecto Cement / May 18 Fecto Cement Limited(FECTC)	27.95 ▲ 1.95 (7.50%)

Stock	Price
Tri-Star / May 18 Tri-Star Mutual Fund Limited(TSMF)	4.45 ▲ -0.55 (-11.00%)
Al-Mali / May 18 Modaraba Al-Mali(MODAM)	4.00 ▲ -0.34 (-7.83%)
Fazal Cloth / May 18 Fazal Cloth Mills Limited(FZCM)	263.00 ▲ -21.76 (-7.64%)
AL-Noor Sugar / May 18 Al-Noor Sugar Mills Limited(ALNRS)	51.43 ▲ -4.17 (-7.50%)
Frontier Cer. / May 18 Frontier Ceramics Limited(FRCL)	27.39 ▲ -2.21 (-7.47%)
Blessed Tex. / May 18 Blessed Textiles Limited(BTL)	374.01 ▲ -29.99 (-7.42%)
Int. Knit. / May 18 International Knitwear Limited(INKL)	12.80 ▲ -1.00 (-7.25%)
Tandlianwala / May 18 Tandlianwala Sugar Mills Limited(TSML)	167.30 ▲ -13.08 (-7.25%)
Zahid Jee Tex. / May 18 Zahidjee Textile Mills Limited(ZAHID)	20.22 ▲ -1.53 (-7.03%)
Dawood Lawrencepur / May 18 Dawood Lawrencepur Limited(DLL)	192.71 ▲ -14.19 (-6.86%)

Stock	Volume
Telecard Ltd. / May 18 Telecard Limited(TELE)	45,536,500 ▼ 0.00
Worldcall / May 18 Worldcall Telecom Limited(WTL)	43,294,000 ▼ 0.00
Ghani Global Hold. / May 18 Ghani Global Holdings Limited(GGL)	41,297,500 ▼ 0.00
Unity Foods / May 18 Unity Foods Limited(UNITY)	30,923,187 ▼ 0.00
Pakistan Refinery / May 18 Pakistan Refinery Limited(PRL)	24,452,500 ▼ 0.00
TRG Pakistan / May 18 TRG Pakistan Limited(TRG)	21,409,645 ▼ 0.00
Ghani Global Glass / May 18 Ghani Global Glass Limited(GGGL)	18,549,000 ▼ 0.00
Sui Northern / May 18 Sui Northern Gas Pipelines Limited(SNGP)	15,840,612 ▼ 0.00
Byco Petr. / May 18 Byco Petroleum Pakistan Limited(BYCO)	14,184,500 ▼ 0.00
Hascol Petroleum / May 18 Hascol Petroleum Limited(HASCOL)	13,202,692 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	152.70
USD PKR Interbank Buying / May 17	152.60
USD to Japanese Yen / May 17	109.25
USD to Swiss Franc / May 17	0.90
Pound Sterling to USD / May 17	1.41
Euro to USD / May 17	1.22
UK LIBOR % / May 17	0.06

Stock	Volume
S&P 500 / May 17	4163.29
India Sensex / May 17	49580.73
Tokyo Nikkei / May 17	27824.83
Nasdaq / May 17	13379.05
Hang Seng / May 17	28194.09
FTSE 100 / May 17	7032.85
Dow Jones / May 17	34327.79
Germany DAX 30 / May 17	15396.62
France CAC40 / May 17	6367.35

Item	Value
Crude Oil / May 17	66.36
Karachi Cotton Assoc. / May 17	11300.00
Gold 10 Grams / May 17	89163.00
Gold Spot / May 17	1867.30
Cotton / May 17	82.32

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