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Archive - 2021-01-21
IRSA releases 32,700 cusecs water
Pakistan

IRSA releases 32,700 cusecs water

  • According to the data released by IRSA, water level in the Indus River at Tarbela Dam was 1470.73 feet, which was 78.73 feet higher than its dead level 1386 feet. Water inflow and outflow in the dam was recorded as 16,200 cusecs each.
Published 21 Jan, 2021 09:22pm
US stocks flat following mixed economic data
Stocks

US stocks flat following mixed economic data

  • All three major indices ended at records Wednesday after Joe Biden was sworn in as president amid optimism over the new administration's plans to support the US economy and improve the Covid-19 vaccine rollout.
Published 21 Jan, 2021 08:57pm
Investors get their Biden bounce on
Stocks

Investors get their Biden bounce on

  • Wall Street's latest highs had been helped by tech shares again. Netflix had said it would no longer need to borrow billions of dollars to finance its TV shows and movies, prompting a near 17% surge in its shares.
Published 21 Jan, 2021 08:47pm
Former SC judge to head inquiry committee on Broadsheet saga
Pakistan

Former SC judge to head inquiry committee on Broadsheet saga

  • Shibli Faraz said that the inquiry committee on the Broadsheet scandal will complete its inquiry in 45 days.
  • Fawad Chaudhry in a tweet stated that Imran Khan has nominated Justice Sheikh Azmat Saeed retired as head of inquiry committee on Broadsheet scandal.
Published 21 Jan, 2021 08:18pm
World's oldest mosque found in Northern Israel
Middle East

World's oldest mosque found in Northern Israel

  • A team of archaeologists uncovered the oldest mosque in the world, in the region of Tiberias in Northern Israel.
  • The Al-Juma Mosque (or Friday Mosque) is in the South of Tiberias, at the foot of Mount Berenice.
Updated 21 Jan, 2021 08:17pm
Startup Investment Rise to $77M in Pakistan
Industry

Startup Investment Rise to $77M in Pakistan

  • Startup investments in Pakistan increased by 97 percent in 2020 as compared to 2019, according to data from MAGNiTT's 'State of Startup Funding - 2021 Emerging Venture Markets' Report.
  • The number of startup deals in Pakistan also went up by 45% this year as opposed to the general downward trend in the MENA region.
Published 21 Jan, 2021 07:27pm
FX holds gains ahead of ECB meeting
Forex

FX holds gains ahead of ECB meeting

  • "Today, a positive reception of the ECB's decision by the euro may indirectly support the zloty and the currencies of the region," Konrad Bialas, chief economist at DM TMS Brokers said in a note.
Published 21 Jan, 2021 07:24pm
Rare twin suicide attack kills at least 28 in Baghdad
Asia

Rare twin suicide attack kills at least 28 in Baghdad

  • “Daesh terrorist groups might be standing behind the attacks,” Civil Defence chief Major General Kadhim Salman told reporters.
  • Salman said the death toll had risen to 28 from 23 initially reported, with 73 more people wounded.
Published 21 Jan, 2021 05:48pm
Coronavirus triggered 'anti-tumour response' in 61-year-old patient: Study
World

Coronavirus triggered 'anti-tumour response' in 61-year-old patient: Study

  • A new study revealed that a 61-year-old man, suffering from renal failure and progressive lymphadenopathy, contracted the coronavirus, and over the span of a few months it was observed that it had an anti-tumour response.
  • Shortly after his diagnosis, he was admitted to the hospital with breathlessness and wheezing, and was diagnosed with the coronavirus. After 11-days of medical care, he was discharged to recuperate at home, with no additional immuno-chemotherapy being administered.
Updated 21 Jan, 2021 05:36pm
Winners and losers of upcoming Senate polls
Pakistan

Winners and losers of upcoming Senate polls

  • The term-wise data of the Senators shows that out of the 52 members retiring from the present 103-member Senate in March next year, 34 belong to the opposition parties and 18 from the treasury benches.
  • The upcoming Senate will comprise 98 members as there will be no elections on the four vacant seats from the country’s tribal areas after their merger with KP.
Published 21 Jan, 2021 05:17pm
Govt announces public holiday on Kashmir day
Pakistan

Govt announces public holiday on Kashmir day

  • A one-minute silence will be observed on February 5 in solidarity with the Kashmiris.
  • The government said that Kashmir day is being observed to “signify political and moral support in their struggle for self-determination and to honour" Kashmiri martyrs.
Published 21 Jan, 2021 04:28pm
OGRA lifts ban on issuance of new CNG licenses
Business & Finance

OGRA lifts ban on issuance of new CNG licenses

  • Pursuant to the Oil and Gas Regulatory Authority (OGRA) Ordinance, 2002, and the provisions of CNG (Production and Marketing) Rules, 1992, issuance of a CNG license to any prospective investor/applicant falls under the exclusive domain of the Ogra.
Published 21 Jan, 2021 02:17pm
Biden administration will pause some U.S. deportations for 100 days: DHS
USA

Biden administration will pause some U.S. deportations for 100 days: DHS

Biden promised the deportation moratorium on the campaign trail. “For 100 days, starting January 22, 2021, DHS will pause removals for certain noncitizens ordered deported to ensure we have a fair and effective immigration enforcement system focused on protecting national security, border security, and public safety,” DHS said in a release announcing the memo.
Published 21 Jan, 2021 01:42pm
World welcomes U.S. return to Paris climate accord, readies wish-list for Biden
World

World welcomes U.S. return to Paris climate accord, readies wish-list for Biden

  • U.N. Secretary General Antonio Guterres welcomed the U.S. return to the Paris accord but added: “There is a very long way to go. The climate crisis continues to worsen and time is running out to limit temperature rise to 1.5 degrees Celsius and build more climate-resilient societies that help to protect the most vulnerable.”
Published 21 Jan, 2021 11:03am
Biden signs executive order to end Trump’s Muslim ban
World

Biden signs executive order to end Trump’s Muslim ban

  • The controversial ban was introduced during Trump’s first week in office and restricted travel from Iran, Iraq, Libya, Somalia, Sudan, Syria, and Yemen.
  • "These are just all starting points," Biden said, as he signed 15 executive actions on his first day in office.
Published 21 Jan, 2021 10:21am
Fecto Cement Limited
BR Research

Fecto Cement Limited

Fecto Cement Limited (PSX: FECTC) was set up in 1981 as a public limited company. It produces and sells ordinary...
Updated 21 Jan, 2021 09:51am
Change and changemakers!
BR Research

Change and changemakers!

The United Nation’s just-released Human Development Report is a surprisingly refreshing read. Quite unlike earlier...
Published 21 Jan, 2021 07:40am
Oil rises – PL goes down
BR Research

Oil rises – PL goes down

Brent crossed $56/bbl the other day, registering an 11-month high. More and more signs now tell oil prices may stage...
Published 21 Jan, 2021 07:25am