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Archive - 2021-02-06
UAE significantly slashed funding for Palestinian refugee agency in 2020
Middle East

UAE significantly slashed funding for Palestinian refugee agency in 2020

  • The United Arab Emirates drastically reduced funding to the United Nations Agency for Palestinian Refugees (UNRWA) in 2020, as it signed a U.S-brokered normalisation accord with Israel.
  • The Gulf state contributed $51.8 million to the refugee agency in 2018 and 2019, but it reduced that contribution by an unprecedented margin in 2020, down to a mere $1 million.
Updated 08 Feb, 2021 10:25am
Pakistan set to initiate Gwadar shipyard project
World

Pakistan set to initiate Gwadar shipyard project

  • Pakistan has finalised the details for the construction of a new shipyard in Gwadar, the country's deep sea-port in the province of Balochistan.
  • The project aims to incentivise the commercial shipbuilding and repair industry, generate employment and spur economic growth.
Published 06 Feb, 2021 08:41pm
Biden to raise current U.S. refugee cap from historic lows
USA

Biden to raise current U.S. refugee cap from historic lows

  • U.S. President Joe Biden plans to raise the refugee cap for the current fiscal year to 62,500, a sharp increase from the 15,000 set by former President Donald Trump, two people familiar with the move told Reuters on Friday.
  • The allocations will create spots for 22,000 refugees from Africa, 6,000 from East Asia, 4,000 from Europe and Central Asia, 5,000 from Latin America and the Caribbean, and 13,000 from South Asia.
Published 06 Feb, 2021 07:12pm
U.S. to drop Houthi terrorist designation due to Yemen crisis
Middle East

U.S. to drop Houthi terrorist designation due to Yemen crisis

  • The United States intends to revoke the Houthi movement’s terrorist designation in response to Yemen’s humanitarian crisis, reversing one of the Trump administration’s most criticised last-minute decisions.
  • The move, confirmed by a State Department official on Friday, came a day after President Joe Biden declared a halt to U.S. support for the Saudi Arabia-led military campaign in Yemen, which is widely seen as a proxy conflict between Saudi Arabia and Iran.
Updated 06 Feb, 2021 07:04pm
Libya embarks on new transition phase
Africa

Libya embarks on new transition phase

  • It marked the start of a new chapter for the country after the failure of a 2015 UN-brokered deal that established a Government of National Accord headed by Fayez al-Sarraj.
Published 06 Feb, 2021 05:54pm
Somalia leaders fail to reach deal on elections
Africa

Somalia leaders fail to reach deal on elections

  • The impasse threatens a constitutional crisis in the fragile Horn of Africa nation that is already confronting a violent Islamist insurgency, a locust invasion and serious food shortages.
Published 06 Feb, 2021 05:52pm
K2 Winter Summit: Pakistani mountaineer Ali Sadpara, two others reportedly missing
Pakistan

K2 Winter Summit: Pakistani mountaineer Ali Sadpara, two others reportedly missing

  • Sadpara has been active on Twitter throughout the K-2 expedition.
  • Pakistan Army helicopters have been dispatched for search and rescue operations. So far, the rescue mission has not been able to locate the climbers.
  • Pakistani actor, singer and host Fakhar-e-Alam tweeted about the missing climbers too, requesting his followers to pray for their recovery.
Updated 06 Feb, 2021 04:01pm
Facebook urges unblocking of Myanmar social media
World

Facebook urges unblocking of Myanmar social media

  • “We are extremely concerned by orders to shut down the internet in Myanmar,” said Rafael Frankel, Facebook’s director of public policy, APAC emerging countries. “We strongly urge the authorities to order the unblocking of all social media services.”
Published 06 Feb, 2021 03:52pm
Snatched mobile phone market setup in Karachi: Police
Pakistan

Snatched mobile phone market setup in Karachi: Police

  • The development was confirmed by two habitual street criminals, who were arrested by the Special Investigation Unit (SIU) of Karachi Police.
  • They were arrested by the SIU from PIB Colony, and illegal weapons and other valuables were recovered from their possession, said officials.
Published 06 Feb, 2021 02:02pm
There is no change in Pakistan's principled stand on Kashmir issue, clarifies FO following PM's statement
Pakistan

There is no change in Pakistan's principled stand on Kashmir issue, clarifies FO following PM's statement

  • The FO issued this statement following PM's statement that Pakistan will allow the Kashmiris to decide between choosing to join Pakistan or remaining independent even after they vote in favour of Pakistan.
  • "Pakistan remains firmly committed to the resolution of the Jammu and Kashmir dispute through free and impartial plebiscite under the UN auspices as enshrined in the relevant UNSC resolutions," FO added.
Updated 06 Feb, 2021 12:58pm
The Weather
Pakistan

The Weather

KARACHI: The weather report on Friday (February 5, 2021) and the forecast for Saturday (February 6, 2021)....
Published 06 Feb, 2021 04:06am
Corrigendum
Pakistan

Corrigendum

KARACHI: With reference to Takaful Pakistan Limited's press release titled "PACRA upgrades IFS rating of Takaful...
Published 06 Feb, 2021 04:06am
S&P, Nasdaq hit record highs
Stocks

S&P, Nasdaq hit record highs

• EBay, PayPal jump on upbeat quarterly earnings NEW YORK: US stocks rose more than 1% on Thursday and the ...
Published 06 Feb, 2021 04:06am
China shares post weekly gains
Stocks

China shares post weekly gains

SHANGHAI: China stocks ended higher for the week on Friday, as investors found support from a continued economic...
Published 06 Feb, 2021 04:06am
Japanese shares rally
Stocks

Japanese shares rally

TOKYO: Japanese shares ended more than 1% higher on Friday, following Wall Street's rally overnight, driven by ...
Published 06 Feb, 2021 04:06am
Gold rises in Europe
Commodities

Gold rises in Europe

NEW YORK: Gold rose on Friday as the dollar retreated slightly but was set for its worst weekly dip in four as...
Published 06 Feb, 2021 04:06am
Gold prices up in Asia
Commodities

Gold prices up in Asia

SINGAPORE: Gold gained in Asian trade on Friday, recovering from a more than two-month low hit in the previous...
Published 06 Feb, 2021 04:06am
EU wheat steadies
Grains

EU wheat steadies

PARIS: Euronext wheat futures were little changed on Friday as traders continued to assess the potential impact of...
Published 06 Feb, 2021 04:06am
Copper prices up
Commodities

Copper prices up

LONDON: Copper prices rose on Friday, boosted by a weak dollar and hopes for better metals demand due to improved...
Published 06 Feb, 2021 04:06am
Cotton futures slip
Cotton & Textile

Cotton futures slip

NEW YORK: ICE cotton futures dipped more than 1% on Friday, as index funds rolled over their positions from the...
Published 06 Feb, 2021 04:06am
Japan rubber up
Commodities

Japan rubber up

TOKYO: Japanese rubber futures rose on Friday, tracking the Shanghai market after Chinese authorities reported the...
Published 06 Feb, 2021 04:06am
US MIDDAY: Soyabeans gain
Commodities

US MIDDAY: Soyabeans gain

CHICAGO: US soyabean futures gained on Friday on expectations of continued export demand eating into already tight ...
Published 06 Feb, 2021 04:06am
US MIDDAY: Gold gains
Commodities

US MIDDAY: Gold gains

NEW YORK: Gold rebounded above the $1,800 psychological level on Friday, helped by a retreat in the dollar and data...
Published 06 Feb, 2021 04:06am
SOEs: forensic audit
Opinion

SOEs: forensic audit

The federal government, in the third year of its five- year tenure, is reported to have decided to conduct forensic...
Published 06 Feb, 2021 04:06am
Aussie, kiwi down
Money & Banking

Aussie, kiwi down

SYDNEY/WELLINGTON: The Australian dollar slipped on Friday and was on track for a small weekly loss led by a...
Published 06 Feb, 2021 04:06am
Turkish lira jumps
Money & Banking

Turkish lira jumps

ISTANBUL: Turkey's lira hit its strongest level since August on Friday and cemented its position as the...
Published 06 Feb, 2021 04:06am
PM and missing persons
Editorials

PM and missing persons

EDITORIAL: On Prime Minister (PM) Imran Khan’s bidding, a recent order of the Islamabad High Court (IHC) on ...
Published 06 Feb, 2021 04:06am
Myanmar military widens coup dragnet

Myanmar military widens coup dragnet

YANGON: Hundreds of teachers and students protested at a Myanmar university Friday as the military widened a dragnet...
Published 06 Feb, 2021 04:06am
SPI up 0.53pc WoW

SPI up 0.53pc WoW

ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended February 4, 2021 recorded an increase of 0.53...
Published 06 Feb, 2021 04:06am