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Archive - 2020-12-31
NA Speaker decides not to accept resignations of two PML-N MNAs
Pakistan

NA Speaker decides not to accept resignations of two PML-N MNAs

  • The MNAs had earlier written to the speaker requesting not to accept their resignations as they renege from the party’s stance of en masse resignations.
  • The secretariat had sent a note to both the MNAs for either confirming or denying the development within seven days.
Updated 31 Dec, 2020 10:20pm
Shibli Faraz reminds opposition of resignation deadline
Pakistan

Shibli Faraz reminds opposition of resignation deadline

"Today is December 31. The deadline for resignations ends at 12 midnight," he wrote on Twitter. He tweeted, "Under Imran Khan's leadership, Pakistan emerged from the challenge [better than many]. We accorded importance to both health and the economy."
Updated 31 Dec, 2020 09:52pm
Dollar on track for worst year since 2017
Forex

Dollar on track for worst year since 2017

  • An improving economic outlook as COVID-19 vaccines are rolled out and unprecedented fiscal and monetary stimulus has dimmed the allure of the greenback.
  • The US currency is also suffering from rising fiscal and current account deficits that show no signs of slowing down.
Published 31 Dec, 2020 09:14pm
US natgas futures set for best year since 2016
Energy

US natgas futures set for best year since 2016

  • Front-month natural gas futures for February delivery rose 5.9 cents, or 2.4%, to $2.481 per million British thermal units.
  • Couple that insight with today being the last trading day of 2020 and we are seeing increased volatility early in the session.
Published 31 Dec, 2020 09:02pm
TSX falls on weakness in energy, materials stocks
Stocks

TSX falls on weakness in energy, materials stocks

  • The materials sector, which includes precious and base metals miners and fertilizer companies, slipped 0.7%.
  • Toronto Stock Exchange's S&P/TSX composite index was down 62.3 points, or 0.36%, at 17,483.51.
Published 31 Dec, 2020 08:58pm
Mexico's peso gains, but set for worst year since 2016
Forex

Mexico's peso gains, but set for worst year since 2016

  • The peso gained 0.3% after Foreign Minister Marcelo Ebrard said on Twitter that Mexican authorization of AstraZeneca and Oxford University's vaccine was "imminent."
  • MSCI's index of LatAm currencies and stocks dropped between 13% and 15% this year.
Published 31 Dec, 2020 08:56pm
Local funding crisis threatens US vaccine rollout
USA

Local funding crisis threatens US vaccine rollout

  • King County, which represents greater Seattle, has $14 million of COVID-19 funding for 2021.
  • We've been on pins and needles the whole last three or four months, watching what's happening at the federal level, waiting, watching.
Updated 31 Dec, 2020 08:50pm
Dollar's growing dominance in Venezuela leaves locals 'short-changed'
USA

Dollar's growing dominance in Venezuela leaves locals 'short-changed'

  • A flustered Garcia disappears into a closet, re-emerges, takes the $10 note and scribbles, "owes $1.87" on the back of an old crumpled receipt.
  • With each client it is different and you have to decide in the moment with the customer how to resolve the situation.
Published 31 Dec, 2020 08:23pm
Gold set for strongest year since 2010
Commodities

Gold set for strongest year since 2010

  • European shares retreat, set to end year with losses.
  • Silver up 48% this year, also on track for best year since 2010.
  • Palladium up for fifth straight year, gains 22% in 2020.
Published 31 Dec, 2020 08:18pm
UK and Ghana to miss Brexit trade deadline, but deal close
Europe

UK and Ghana to miss Brexit trade deadline, but deal close

  • The deal, once active, will replicate the terms of trade Britain previously benefitted from as a member of the European Union.
  • Ahead of that deadline Britain has signed "continuity" agreements with 63 countries to safeguard terms on 885 billion pounds ($1.21 trillion) of trade
Published 31 Dec, 2020 08:11pm
Hungary says will not use Russian vaccine due to lack of capacity
Europe

Hungary says will not use Russian vaccine due to lack of capacity

  • Hungary has participated in Russia's testing efforts and was an early recipient of small batches of Russia's Sputnik-V vaccine.
  • Hungarian premier Viktor Orban has come under criticism during his decade-long rule for building ties with Russian leader Vladimir Putin.
Published 31 Dec, 2020 08:00pm
Murray pulls out of Delray Beach Open citing COVID-19 concerns
Sports

Murray pulls out of Delray Beach Open citing COVID-19 concerns

  • Murray, who missed most of the 2020 season due to complications with his hip and struggled for form on his return after the COVID-19 hiatus.
  • "After much deliberation with my team I've decided not to travel to play in Delray Beach," Murray, 33, said on Thursday.
Published 31 Dec, 2020 07:55pm
China reports first case of new coronavirus variant
South Asia

China reports first case of new coronavirus variant

  • Countries around the world have cut off travel links to Britain to stop the spread of the new variant.
  • The case "poses a great potential threat to the prevention and control of COVID-19 in China", the publication said.
Published 31 Dec, 2020 07:51pm
Chile jobless rate eases to 10.8pc for Sept-Nov
Europe

Chile jobless rate eases to 10.8pc for Sept-Nov

  • Unemployment has been falling for four consecutive months after hitting a decade-long high of 13.1% in July.
  • The unemployment rate nonetheless remains 3.8 percentage points higher through November compared with the same period of the previous year.
Published 31 Dec, 2020 07:39pm
Indian shares weather tough 2020 with solid gains
Stocks

Indian shares weather tough 2020 with solid gains

  • The benchmark NSE Nifty 50 index rose 14.9% to clock its best year since 2017, while the S&P BSE Sensex gained 15.75%.
  • The Nifty was flat at 13,981.75 after rising briefly to life-time high of 14,024.85 and the Sensex closed 0.01% higher at 47,751.33.
Published 31 Dec, 2020 06:48pm
Oil outlook for 2021 hit by new COVID-19 strain
Energy

Oil outlook for 2021 hit by new COVID-19 strain

  • Pace of oil demand recovery to depend on vaccine rollouts –analysts.
  • Some analysts say no return to pre-pandemic levels before 2023.
  • OPEC to meet on Jan. 4 to decide on output.
  • Brent has averaged $43.21/bbl in 2020, WTI about $39.34.
Published 31 Dec, 2020 06:45pm
EU bets on Biden to resolve aircraft subsidy row
Europe

EU bets on Biden to resolve aircraft subsidy row

  • New US tariffs set for Jan. 12.
  • US expands list over EU retaliation it sees as excessive.
  • Airbus says it trusts Europe will respond "appropriately".
  • French wine exporters call new tariffs a sledgehammer.
Published 31 Dec, 2020 06:00pm
Iranian Mission in Pakistan to arrange events to mark Gen. Soleimani's death anniversary
Middle East

Iranian Mission in Pakistan to arrange events to mark Gen. Soleimani's death anniversary

  • On 3rd January, the first anniversary of Gen. Qasem Soleimani's assassination, special programs will be held by the cultural missions of the Islamic Republic of Iran in Pakistan.
  • Political and religious groups in Pakistan are also reported to be participating in the programs.
  • Programs will be held across all major cities, including Rawalpindi, Lahore, Islamabad and Peshawar.
Updated 31 Dec, 2020 05:43pm
Private schools urge govt to reopen institutes from Jan 11
Pakistan

Private schools urge govt to reopen institutes from Jan 11

  • They said at least 80% of the schools across the country doesn’t have access to internet.
  • They also demanded an economic relief package from the government stating, “They should suspend registration fee and taxes for at least a year.”
Published 31 Dec, 2020 04:51pm
President Trump briefed on Chinese attempts to fund insurgents in Afghanistan
China

President Trump briefed on Chinese attempts to fund insurgents in Afghanistan

  • Earlier this month, President Donald Trump received unconfirmed information that China sought to pay non-state actors to attack American forces in Afghanistan.
  • In a press briefing on Thursday, Wang Wenbin, Spokesperson for the Chinese Ministry of Foreign Affairs, described the accusation as slanderous, stating that it was "completely nonsense and completely fake news".
Updated 31 Dec, 2020 04:13pm
British PM Johnson's father applying for French citizenship
Europe

British PM Johnson's father applying for French citizenship

  • The father of British Prime Minister Boris Johnson said on Thursday he was in the process of applying for a French passport to maintain his ties with the European Union after Brexit.
  • Stanley Johnson, a former member of the European Parliament who voted Remain in Britain’s 2016 referendum, told RTL radio he wanted to become a French citizen because of strong family links to France.
Published 31 Dec, 2020 03:54pm
Fauci sees U.S. gaining control over pandemic by next autumn
USA

Fauci sees U.S. gaining control over pandemic by next autumn

  • Dr. Anthony Fauci, said on Wednesday he foresees America achieving enough collective COVID-19 immunity through vaccinations to regain “some semblance of normality” by autumn 2021.
  • Fauci said he was “not surprised,” adding that additional cases of the variant would likely surface around the country and that the mutating nature of such viruses is normal.
Published 31 Dec, 2020 03:17pm
Sindh Health Secretary gets COVID-19 vaccine shot in clinical trials
Pakistan

Sindh Health Secretary gets COVID-19 vaccine shot in clinical trials

  • “I have presented myself for the vaccine trial as secretary health,” says Dr Kazim Jatoi.
  • Several prominent public figures including Punjab Governor Chaudhry Sarwar and his wife have volunteered to be vaccinated in clinical trials of a Chinese vaccine being conducted in the country.
Published 31 Dec, 2020 03:04pm
China completes maiden flight for passenger jet, challenging global aviation giants
China

China completes maiden flight for passenger jet, challenging global aviation giants

  • Using the Chinese-made ARJ-21, the nation's main aircraft maker seeks to bolster the utilisation of domestically produced planes, in an effort to compete with international aviation behemoths such as Airbus and Boeing.
  • China seeks to leverage the nation's massive aviation network and growing domestic market to gain a larger chunk of the global aviation services industry.
Updated 31 Dec, 2020 12:23pm
Pakistan Army shot down 16 Indian quadcopters in 2020: ISPR
Pakistan

Pakistan Army shot down 16 Indian quadcopters in 2020: ISPR

  • On Wednesday, Pakistan Army troops shot down an Indian Army quadcopter in Hotspring Sector across LoC where it had come '100 meters inside own territory'.
  • Due to unprovoked firing by the Indian troops in Khuiratta sector along LoC, a valiant soldier Sepoy Fazal Elahi, 35, was also martyred.
Published 31 Dec, 2020 10:22am
Iran honours 'martyr' Soleimani, killed a year ago by US
World

Iran honours 'martyr' Soleimani, killed a year ago by US

  • The late general's appeal transcended political, religious and class divisions, said academic Mehdi Zakerian, who noted that "in his speeches, Soleimani always spoke to all Iranians and not just to one social class".
Published 31 Dec, 2020 09:29am
What's in the UK, EU post-Brexit trade pact
World

What's in the UK, EU post-Brexit trade pact

  • Brussels says "security cooperation can be suspended in case of violations by the UK of its commitment for continued adherence to the European Convention of Human Rights".
Published 31 Dec, 2020 08:57am
Balotelli finds target on Monza debut
Sports

Balotelli finds target on Monza debut

  • He has had a turbulent career since bursting on the scene as a talented teenager at Inter Milan in 2007, going on to play in the team that won the treble under Jose Mourinho in 2010.
Published 31 Dec, 2020 08:42am
ZIL Limited
BR Research

ZIL Limited

ZIL Limited (PSX: ZIL) was established in 1954 in Karachi, with a factory in Hyderabad. It bought Zulfeqar ...
Published 31 Dec, 2020 07:45am
Debating taxes
BR Research

Debating taxes

Did you know that Pakistan has not ever been able to frame any income tax act after due debates in the assembly, not...
Published 31 Dec, 2020 07:25am
Asif says PM behind his arrest

Asif says PM behind his arrest

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) senior leader Khawaja Asif on Wedne-sday said that Prime Miniser...
Updated 31 Dec, 2020 03:40am
Bank holiday

Bank holiday

KARACHI: The State Bank of Pakistan (SBP) will remain closed for public dealing on Friday, January 1, 2021, which...
Updated 31 Dec, 2020 03:32am
EFU AGGRESSIVE FUND RATES
Rates.EFU

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Wednesday (December 30, 2020). ======================== Offer Price...
Updated 31 Dec, 2020 03:06am
BOARD MEETINGS
Rates.PSX

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Updated 31 Dec, 2020 03:06am
Member to Member
Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Wednesday (December 30, 2020)....
Updated 31 Dec, 2020 03:06am
Shipping Intelligence
Rates.Ports

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (December 30, 2020)....
Updated 31 Dec, 2020 03:06am
Lahore Paper Market Rates
Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (December 30, 2020). =======================================...
Updated 31 Dec, 2020 03:06am
Lahore Grain Market Rates
Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (December 30, 2020)...
Updated 31 Dec, 2020 03:06am
Bullion Rates
Rates.Bullion

Bullion Rates

KARACHI: Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (December 30, 2020)....
Updated 31 Dec, 2020 03:06am
The Weather
Pakistan

The Weather

KARACHI: The weather report on Wednesday (December 30, 2020) and the forecast for Thursday (December 31, 2020)....
Updated 31 Dec, 2020 03:06am
AAJ PROGRAM SCHEDULE
Life & Style

AAJ PROGRAM SCHEDULE

Thursday, December 31, 2020 TIMING PROGRAM TITLE 06:00 NEWS HOUR 06:25 HEADLINE NEWS 06:30 NEWS HOUR 06:55 ...
Updated 31 Dec, 2020 03:06am
Aussie, kiwi up
Money & Banking

Aussie, kiwi up

SYDNEY: The Australian and New Zealand dollars rose on Wednesday as their US counterpart remained locked in a...
Updated 31 Dec, 2020 03:05am