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COVID19

Aramco may have to sell assets, borrow more to maintain Saudi dividend

Aramco, the world’s largest oil producer, listed in 2019 in a record $29.4 billion share sale, but the government still owns 98.2% of the group.

Published 16 Dec, 2020 09:06pm

Pakistan

Govt initiates working for purchase of COVID-19 vaccine: Dr. Faisal

Dr. Faisal said that specific amount has been allocated for purchase of Corona vaccine and dispelled the impression that private sector will soon start purchasing Corona vaccine.

Updated 16 Dec, 2020 09:42pm

Pakistan

USAID assistance to help reduce infectious diseases’ mortality: Dr. Faisal

Executive Director National Institute of Health (NIH) Maj Gen Aamer Ikram explained importance of such units which would now be connected to their respective provinces.

Published 16 Dec, 2020 08:34pm

World

Medical staff could receive coronavirus vaccine this month, Polish PM's aide says

Medical staff in Poland could start getting vaccinated against COVID-19 as soon as this month, the Polish prime minister's top aide Michal Dworczyk said on Wednesday.

Published 16 Dec, 2020 08:20pm

World

Germany aims to offer COVID-19 vaccine to the willing by summer: minister

Germany aims to be able to vaccinate everyone seeking a COVID-19 inoculation in the country by summer, Health Minister Jens Spahn said on Wednesday.

Published 16 Dec, 2020 08:16pm

World

Italy expects to begin COVID vaccinations between Xmas and New Year

Germany, France, Italy and five other European states announced they would coordinate the start of their COVID-19 vaccinations.

Published 16 Dec, 2020 08:06pm

World

Daily U.S. COVID-19 deaths again top 3,000 as officials scurry to distribute vaccine

The case load of 16.7 million infections represented roughly 5% of the U.S. population.

Published 16 Dec, 2020 07:55pm

Markets

Wall Street set to tick higher as stimulus hopes grow

Technology shares pushed Wall Street higher on Tuesday, with the Nasdaq ending at a record high, with investors viewing the sector as more resilient to the pandemic.

Published 16 Dec, 2020 07:06pm

World

WHO vaccine scheme risks failure, leaving poor countries no COVID shots until 2024

The World Health Organization’s COVAX programme is the main global scheme to vaccinate people in poor and middle income countries around the world against the coronavirus.

Published 16 Dec, 2020 06:49pm

World

Indonesia reports 6,725 new COVID-19 cases, 137 new deaths

According to the ministry, 5,328 more patients were discharged from hospitals, bringing the total number of recoveries to 521,984.

Published 16 Dec, 2020 05:41pm

World

WHO vaccine scheme risks failure, leaving poor countries no COVID shots until 2024

COVAX programme is the main global scheme to vaccinate people in poor and middle income countries around the world against the coronavirus.
“The risk of a failure to establish a successful COVAX Facility is very high,” says an internal report to the board of Gavi.

Published 16 Dec, 2020 05:33pm

World

UK has vaccinated 137,897 people so far against COVID, minister says

"A really good start to the vaccination program. It's been 7 days and we have done: England: 108,000, Wales: 7,897, Northern Ireland: 4,000, Scotland: 18,000. U.K Total 137,897,".

Published 16 Dec, 2020 05:24pm

Markets

Indian shares close at record high on financial, IT sector boost

Mahindra and Mahindra ended up 2pc after the automaker said on Tuesday it would increase the price of its passenger and commercial vehicles from January.

Published 16 Dec, 2020 05:13pm

Pakistan

30 covid-19 deaths, 535 new cases reported in Pb

The Punjab health department conducted 2, 223,422 tests for COVID-19 so far while 115,424 confirmed cases recovered altogether in the province.

Published 16 Dec, 2020 05:12pm

World

WTO mulls how to ease food aid hurdles in pandemic

If adopted, the proposal would "ban export restrictions on these foodstuffs which hinder the World Food Programme's ability to procure (food products for) the populations most in need across the world."

Published 16 Dec, 2020 05:09pm

Business & Finance

World Bank expects Russian economic growth in 2021 but warns over banks

This could happen if "the meaningful rollout of an approved vaccine is delayed by about three quarters and is limited by a general reluctance to be immunized."

Published 16 Dec, 2020 05:07pm

World

Study finds 1 in 10 people in Spain has been infected with virus

The sero-prevalence study, presented late on Tuesday, is now in its fourth round. Its work involved carrying out rapid antibody tests on 51,409 people across the country of some 47 million people between November 16 and 29.

Published 16 Dec, 2020 05:00pm

World

Germany sees record death toll on first day of new lockdown

It said 27,728 new coronavirus cases were registered, a figure close to the daily record of nearly 30,000 infections reported on Friday.

Published 16 Dec, 2020 04:54pm

World

Saudi Arabia receives first shipment of COVID-19 vaccines: health minister

Tawfiq al-Rabiah asked citizens and residents to register to receive the vaccine and reiterated that the vaccine would be free to all in the country.

Published 16 Dec, 2020 04:44pm

Business & Finance

Irish annual house price deflation eases in October

Prices declined for the first time in seven years in July in the wake of the COVID-19 disruption.

Published 16 Dec, 2020 04:41pm

World

UK has vaccinated 137,897 people so far against COVID, minister says

“That number will increase as we have operationalised hundreds of PCN (primary care networks),” he said.
Vaccines developed by Pfizer and BioNTech are being used to treat coronavirus in UK.

Published 16 Dec, 2020 03:21pm

Pakistan

COVID-19:Chinese companies in Pakistan seek permission from govt to vaccinate workers

Around 5000 Chinese workers of CZEC and COECG are stationed in Karachi.
The companies will make all arrangements for their workers vaccination and they will be administered Sinovac vaccine made in China, further in the letter.

Published 16 Dec, 2020 03:16pm

Pakistan

Right decision to close educational institutions amid spike in COVID-19: Shafqat Mahmood

“Given the current high rate of corona infections and sadly deaths, it was the right decision to close educational institutions,” says the Minister.
On November 23, the federal government had announced to shut all educational institutions from November 26 to December 24 amid resurge in COVID-19 cases.

Published 16 Dec, 2020 02:41pm

World

EU members to start Covid-19 jabs 'the same day'

Her statement to the European Parliament came as pressure mounted on the bloc to catch up with the United States and Britain.

Published 16 Dec, 2020 01:24pm

Markets

Rouble holds steady ahead of OFZ bond auctions

Such auctions serve as a gauge of demand for Russian assets and can buttress the rouble.

Published 16 Dec, 2020 01:11pm

Technology

Driven by COVID-19 led digitalization, Online Retail to double size in five years: EIU

In 2021 EIU expects further growth of 18% in online sales, and by 2025 they are likely to account for nearly 20% of total retail sales, up from 10% in 2019.

Published 16 Dec, 2020 12:59pm

Pakistan

Over 41 percent health workers faced verbal, physical assault while battling COVID-19 in Pakistan: Study

As part of the research project, 360 healthcare workers from different hospitals in Lahore, Peshawar and Karachi were interviewed
Majority of healthcare workers witnessed verbal and physical assault while some say they were falsely accused of causing injury or death to patients

Updated 16 Dec, 2020 02:14pm

Business & Finance

Tokyo stocks close higher with eyes on US Fed

The dollar fetched 103.56 yen in Asian trade, against 103.61 yen in New York and 104.08 yen in Tokyo late Tuesday.

Published 16 Dec, 2020 12:11pm

World

Biden to be sworn into office in largely virtual event as COVID-19 rages

Both the ceremony and traditional parade that follows will have limited attendance and be reimagined, the committee planning the event said in a statement.
The committee is urging members of the public to refrain from traveling to Washington for the inauguration, which in the past has drawn hundreds of thousands.

Published 16 Dec, 2020 12:09pm

Business & Finance

Growth in Power Generation and Petroleum Sale: SBP

SBP reports that easing of lockdowns has resulted in growth in power generation and petroleum product sales during the first quarter of FY21.

Published 16 Dec, 2020 12:02pm

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Jun 9 Security Investment Bank Limited(SIBL)	5.03 ▲ 1.00 (24.81%)
Zephyr Textile / Jun 9 Zephyr Textiles Limited(ZTL)	9.98 ▲ 0.98 (10.89%)
Haseeb Waqas / Jun 9 Haseeb Waqas Sugar Mills Limited(HWQS)	5.50 ▲ 0.53 (10.66%)
Hussain Industries / Jun 9 Husein Industries Limited(HUSI)	12.55 ▲ 1.00 (8.66%)
Kohinoor Mills / Jun 9 Kohinoor Mills Limited(KML)	52.68 ▲ 3.68 (7.51%)
Colgate Palm / Jun 9 Colgate-Palmolive (Pakistan) Limited(COLG)	1801.55 ▲ 125.69 (7.50%)
Gatron Ind. / Jun 9 Gatron (Industries) Limited(GATI)	281.39 ▲ 19.63 (7.50%)
Khyber Tobacco / Jun 9 Khyber Tobacco Company Limited(KHTC)	489.02 ▲ 34.12 (7.50%)
Sunrays Textile / Jun 9 Sunrays Textile Mills Limited(SUTM)	123.63 ▲ 8.63 (7.50%)
Bunnys Limited / Jun 9 Bunnys Limited(BNL)	16.23 ▲ 1.13 (7.48%)

Stock	Price
Century Paper / Jun 9 Century Paper & Board Mills Limited(CEPB)	30.86 ▼ -24.67 (-44.43%)
Mod. Al-Mali (R) / Jun 9 Modaraba Al-Mali R(MODAMR1)	0.47 ▼ -0.13 (-21.67%)
Sindh Modaraba / Jun 9 Sindh Modaraba(SINDM)	7.20 ▼ -1.00 (-12.20%)
Pak Gulf Leasing / Jun 9 Pak-Gulf Leasing Company Limited(PGLC)	6.55 ▼ -0.84 (-11.37%)
PICIC Ins.Ltd. / Jun 9 PICIC Insurance Limited(PIL)	0.59 ▼ -0.06 (-9.23%)
P.I.A.C.(A) / Jun 9 Pakistan International Airlines Corp(PIAA)	3.53 ▼ -0.35 (-9.02%)
TPL Corp Ltd / Jun 9 TPL Corp Limited(TPL)	5.65 ▼ -0.55 (-8.87%)
JDW Sugar / Jun 9 JDW Sugar Mills Limited(JDWS)	370 ▼ -34.00 (-8.42%)
Bilal Fibres / Jun 9 Bilal Fibres Limited(BILF)	2.25 ▼ -0.19 (-7.79%)
Pak Leather / Jun 9 Pak Leather Crafts Limited(PAKL)	13.18 ▼ -1.07 (-7.51%)

Stock	Volume
WorldCall Telecom / Jun 9 Worldcall Telecom Limited(WTL)	79,599,537 ▼ -0.04
Unity Foods Ltd / Jun 9 Unity Foods Limited(UNITY)	28,717,723 ▲ 0.73
Telecard Limited / Jun 9 Telecard Limited(TELE)	16,584,665 ▼ -0.31
Pak Int.Bulk / Jun 9 Pakistan International Bulk Terminal(PIBTL)	15,416,500 ▼ -0.18
TPL Properties / Jun 9 TPL Properties Limited(TPLP)	15,277,141 ▼ -0.20
Pak Refinery / Jun 9 Pakistan Refinery Limited(PRL)	11,614,238 ▼ -0.31
Bankislami Pak. / Jun 9 BankIslami Pakistan Limited(BIPL)	11,156,759 ▼ -0.48
TRG Pak Ltd / Jun 9 TRG Pakistan Limited(TRG)	9,934,796 ▼ -4.26
Fauji Foods Ltd / Jun 9 Fauji Foods Limited(FFL)	9,822,229 ▼ -0.11
P.I.A.C.(A) / Jun 9 Pakistan International Airlines Corp(PIAA)	8,850,000 ▼ -0.35

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 8	287.32
USD PKR Interbank Buying / Jun 8	287.12
USD to Japanese Yen / Jun 8	139.76
USD to Swiss Franc / Jun 8	0.91
Pound Sterling to USD / Jun 8	1.24
Euro to USD / Jun 8	1.07
UK LIBOR % / Jun 7	5.07

Stock	Volume
S&P 500 / Jun 7	4267.52
Nasdaq / Jun 7	13104.89
Dow Jones / Jun 7	33665.02
India Sensex / Jun 8	63203.02
Tokyo Nikkei / Jun 8	31605.11
Hang Seng / Jun 8	19177.52
FTSE 100 / Jun 8	7612.23
Germany DAX 30 / Jun 8	15994.38
France CAC40 / Jun 8	7222.68

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 7	20235
Gold 10 Grams PKR / Jun 7	194873
Crude Oil USD/Barrel / Jun 8	72.32
Gold Spot USD/Ounce / Jun 8	1946.62
Cotton US¢/pound / Jun 8	81.37

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