Trends - President elect Joe Biden

President elect Joe Biden

No US administration can ignore Pakistan, says Qureshi

FM says Pakistan and the incoming US administration have a lot of “commonalties”
The people being nominated by President-elect Joe Biden know Pakistan well: Qureshi

Published 20 Jan, 2021 12:00pm

World

Pro-gun demonstration set for Virginia capital in wake of Capitol siege

Gun rights activists will converge on the Virginia state capital on Monday for an annual demonstration that falls at an especially tense time this year, after the Jan. 6 siege of the U.S. Capitol and two days before the presidential inauguration.
Nationwide pro-Trump demonstrations scheduled for Sunday largely fizzled after the FBI issued warnings and several states deployed the National Guard.

Updated 18 Jan, 2021 08:14pm

Markets

Treasury nominee Janet Yellen to say US does not seek weaker dollar

"I think the dollar and financial markets will be less of a focus, in terms of verbal rhetoric, for the Treasury secretary and the key focus will be getting policy implemented in terms of fiscal relief."

Published 18 Jan, 2021 10:23am

World

Record number of Indian-Americans to be involved in the Biden Administration

President-elect Joe Biden has nominated at least 20 Indian-Americans to key positions in his administration, despite the fact that the community constitutes only one percent of the country's population.
Three Indian-Americans have made their way to the crucial National Security Council of the White House, thus leaving a permanent imprint on the country’s foreign policy and national security in the coming years of the Biden Administration.

Updated 18 Jan, 2021 11:01am

World

Retired doctors and more syringes: Biden lays out plan to get America vaccinated

Under Biden’s plan, federal disaster-relief workers would set up thousands of vaccination centers, where retired doctors would administer shots to teachers, grocery store workers, people over 65 years old and other groups who do not currently qualify.
Biden said his team has identified companies that are ready to be activated under the law, which enables the president to order businesses to produce items necessary for national defense.

Published 16 Jan, 2021 03:47pm

World

FBI has arrested more than 100 people over Capitol siege, looks now to inauguration

We're looking at individuals who may have an eye towards repeating that same kind of violence that we saw last week.

Published 15 Jan, 2021 01:30pm

Markets

Dollar extends rebound as investors await US stimulus details, bitcoin bounces

Bitcoin was little changed at $37,420 on Thursday, up from as low as $30,261.13 on Jan. 11.

Published 14 Jan, 2021 11:03am

World

Disgruntled staffer changed the State Department's website to state Trump's term ended 9 days early: Sources

A disgruntled employee at the State Department changed the biographies of President Donald Trump and Vice President Pence, to state that their term was ending on Monday - nine days before the inauguration of President-elect Biden.
The changes to the State Department's website came only a few days after the President incited an insurrection of Trump supporters in the Capitol building.

Published 12 Jan, 2021 01:38pm

World

Israel announces the construction of additional housing in West Bank, days prior to Biden assuming office

Israeli Prime Minister Benjamin Netanyahu and Defense Minister Benny Gantz are advancing the construction of 850 Jewish housing units in the West Bank, days before President-elect Biden takes office.
The Israeli Supreme Planning Council is expected to advance construction of the housing units, which are currently in varying stages of approval - but a date for the approval has yet to be confirmed.

Published 11 Jan, 2021 05:37pm

World

President-elect Biden nominates William Burns as CIA Director

President-elect Joe Biden announced former Deputy Secretary of State William Burns as his nominee for Director of the CIA.
Burns, a career diplomat who served in the United States Foreign Service for over three decades, has served in numerous national security positions across five Democratic and Republican administrations.

Published 11 Jan, 2021 04:26pm

World

After Capitol siege, majority of Americans believe Trump should be removed from office before term: Poll

Over half of surveyed Americans in a new poll have indicated that they believe that President Trump should be removed from office, following the attack on the Capitol by his supporters.
56 percent polled in favour of the removal of President Trump from office, while 67 percent polled that the outgoing President deserves a significant degree of the blame for the rioting that took place in the Capitol.

Published 11 Jan, 2021 04:02pm

World

Pro-Trump protestors storm US Capitol building

Outgoing U.S. President Donald Trump addressed thousands of supporters, including members of far-right groups, at a rally in Washington.
A short walk from the rally, hundreds of Trump supporters overturned barricades and clashed with police on the grounds of the U.S. Capitol where Congress was meeting.
The Mayor of Washington DC has declared a citywide curfew starting at 6pm.

Updated 07 Jan, 2021 01:20am

World

Pelosi re-elected as US House speaker amid political uncertainty

"It appears to be more of a political dodge than an effective remedy," Graham said in a statement. "I will listen closely. But they have a high bar to clear."

Published 04 Jan, 2021 11:06am

World

Dozen US senators plan to oppose Biden certification

Senate majority leader Mitch McConnell also urged fellow Republicans to vote to certify and avoid a divisive political brawl.

Published 03 Jan, 2021 11:21am

World

China senior diplomat says U.S. relations at 'new crossroads'

China’s relationship with the United States has reached a “new crossroads” and could get back on the right track following a period of “unprecedented difficulty”, senior diplomat Wang Yi said in official comments published on Saturday.
Relations between the world’s two biggest economies have come under increasing strain amid a series of disputes over trade, human rights and the origins of COVID-19.

Published 02 Jan, 2021 03:56pm

World

Israel, Saudi Arabia reportedly pushing Trump for a strike on Iran ahead of Biden inauguration

Israel and Saudi Arabia are reportedly pushing the Trump Administration to carry out a surgical strike on Iran's nuclear facilities, before President-elect Joe Biden takes office.
Riyadh and Jerusalem have "exerted heavy pressure on the president to take out Iran's nuclear installations in a surgical strike", in an effort to "sabotage" President-elect Biden's plan to re-enter negotiations with the Iranian regime.

Updated 01 Jan, 2021 12:49pm

Markets

Dollar on borrowed time as US twin deficits balloon

In contrast, the European Union runs a huge current account surplus, largely thanks to Germany, so there is a natural inflow to euros through trade.

Published 31 Dec, 2020 10:02am

Markets

Sterling extends gains, markets mixed as traders see out 2020

Sterling, in response to the upbeat news, rallied Wednesday and built on the gains in Asian trade, sitting at levels not seen since May 2018.

Published 31 Dec, 2020 09:16am

World

New virus variant hits US as Biden vows all-out effort

In response, health authorities announced a 10-day quarantine from December 31 for all arrivals.

Published 30 Dec, 2020 09:14am

World

Trump backs plan to contest election result in Congress, amid false claims of fraud

With a joint session of the House and Senate politicians set for the 6th of January, for the counting of electoral votes, President Trump engaged in another Twitter tirade to make unfounded claims about electoral fraud.
Several Republican congressmen have already mentioned that they will be objecting to the electoral votes, despite GOP leader Mitch McConnell requesting his party members not to.

Updated 28 Dec, 2020 03:03pm

World

US Congress edges toward approval of $900bn stimulus package

Progressive New York Representative Alexandria Ocasio-Cortez said earlier Monday that legislators still did not have copies of the more than 5,550-page bill.

Published 22 Dec, 2020 08:52am

World

Biden says he is not concerned about accusations against son Hunter

Biden said in an interview on "The Late Show with Stephen Colbert."

Published 18 Dec, 2020 11:00am

World

Biden to pick former Michigan governor Granholm to be energy secretary

While governor, Granholm supported efforts to build advanced battery plants for electric cars in Michigan, despite concerns from some in the auto industry about moving away from gasoline-powered engines.

Published 16 Dec, 2020 11:44am

World

Top US Congress leaders start second meeting on COVID-19 aid, government funding

The other includes the two main sticking points on Capitol Hill that McConnell cited: the liability protections for businesses and other organizations, and $160 billion for state and local governments.

Published 16 Dec, 2020 11:19am

World

After long delay, leaders of Mexico and Brazil congratulate Biden on US election win

Biden's victory and Bolsonaro's reluctance to recognize it have cast a dark cloud over US-Brazilian relations, which had warmed to the point of discussing a free trade deal last year.

Published 16 Dec, 2020 10:37am

US Electoral College set to confirm Biden win as Trump fights on

This weekend, when asked on Fox News whether he would attend Biden's inauguration on January 20 -- as demanded by protocol and centuries of tradition -- the former real estate magnate snapped, "I don't want to talk about that."

Published 14 Dec, 2020 09:37am

Business & Finance

Fed may convey optimism on US economy despite stimulus deadlock

But Englander predicted the Fed will use the meeting to focus mostly on reassurance.

Published 13 Dec, 2020 07:58pm

Despite historic diversity, Biden faces pressure with cabinet picks

For the general who retired in 2016 to take the Pentagon reins, Congress would need to grant him a waiver because of a law that bars any veteran from becoming secretary of defense unless they have been out of the military for seven years.

Published 11 Dec, 2020 09:47am

World

Biden picks Capitol Hill staffer Tai as US trade 'czar'

"Ms. Tai has the experience she needs to succeed as USTR, and her record of getting wins for American workers demonstrates she knows how to champion the values that matter to US families," he said in a statement.

Published 10 Dec, 2020 10:56am

Gainers
Losers
Leaders

Stock	Price
Data Textile / Jan 30 Data Textiles Limited(DATM)	5.08 ▲ 1.00 (24.51%)
PICIC Ins.Ltd. / Jan 30 PICIC Insurance Limited(PIL)	0.67 ▲ 0.08 (13.56%)
Dewan Sugar / Jan 30 Dewan Sugar Mills Limited(DWSM)	2.88 ▲ 0.28 (10.77%)
Dawood Equities / Jan 30 Dawood Equities Limited(DEL)	5.71 ▲ 0.51 (9.81%)
Leather Up Ltd. / Jan 30 Leather Up Limited(LEUL)	11.61 ▲ 1.00 (9.43%)
Engro Powergen / Jan 30 Engro Powergen Qadirpur Limited(EPQL)	27.96 ▲ 1.95 (7.50%)
Gatron Ind. / Jan 30 Gatron (Industries) Limited(GATI)	317.23 ▲ 22.13 (7.50%)
Shahmurad Sugar / Jan 30 Shahmurad Sugar Mills Limited(SHSML)	141.84 ▲ 9.89 (7.50%)
Mehran Sugar / Jan 30 Mehran Sugar Mills Limited(MRNS)	32.92 ▲ 2.29 (7.48%)
Rafhan Maize / Jan 30 Rafhan Maize Products Company Limited(RMPL)	8999 ▲ 614.00 (7.32%)

Stock	Price
Pak Agro Pack. (GEM) / Jan 30 Pak Agro Packaging Limited (GEM)(GEMPAPL)	6.75 ▲ -1.00 (-12.90%)
Samba Bank / Jan 30 Samba Bank Limited(SBL)	6.50 ▲ -0.90 (-12.16%)
Shaheen Ins. / Jan 30 Shaheen Insurance Company Limited(SHNI)	3 ▲ -0.40 (-11.76%)
Bawany Air Products / Jan 30 Bawany Air Products Limited(BAPL)	8.79 ▲ -0.96 (-9.85%)
MetaTech. / Jan 30 MetaTech Health Limited(META)	6.31 ▲ -0.64 (-9.21%)
Escorts Bank / Jan 30 Escorts Investment Bank Limited(ESBL)	3.71 ▲ -0.37 (-9.07%)
Gammon Pak / Jan 30 Gammon Pakistan Limited(GAMON)	5.46 ▲ -0.54 (-9.00%)
Tariq Corp.Pref. / Jan 30 Tariq Corporation Limited-Preference Shares(TCORPCPS)	9.50 ▲ -0.80 (-7.77%)
JDW Sugar / Jan 30 JDW Sugar Mills Limited(JDWS)	329.86 ▲ -26.74 (-7.50%)
Ellcot Spinning / Jan 30 Ellcot Spinning Mills Limited(ELSM)	118.24 ▲ -9.58 (-7.49%)

Stock	Volume
Pak Refinery / Jan 30 Pakistan Refinery Limited(PRL)	21,102,936 ▼ 0.05
Cnergyico PK / Jan 30 Cnergyico PK Limited(CNERGY)	13,167,971 ▼ 0.00
Fauji Foods Ltd / Jan 30 Fauji Foods Limited(FFL)	12,526,831 ▲ -0.11
WorldCall Telecom / Jan 30 Worldcall Telecom Limited(WTL)	9,891,019 ▼ 0.01
K-Electric Ltd. / Jan 30 K-Electric Limited(KEL)	9,686,092 ▼ 0.00
Hub Power Co. / Jan 30 The Hub Power Company Limited(HUBC)	8,819,700 ▲ -1.26
Habib Bank / Jan 30 Habib Bank Limited(HBL)	8,556,359 ▲ -3.45
Engro Polymer / Jan 30 Engro Polymer & Chemicals Limited(EPCL)	6,713,796 ▼ 0.87
Maple Leaf Cement / Jan 30 Maple Leaf Cement Factory Limited(MLCF)	5,509,833 ▲ -0.93
Lotte Chemical / Jan 30 Lotte Chemical Pakistan Limited(LOTCHEM)	5,393,473 ▲ -1.07

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 30	272
USD PKR Interbank Buying / Jan 30	270
USD to Japanese Yen / Jan 30	129.59
USD to Swiss Franc / Jan 30	0.92
Pound Sterling to USD / Jan 30	1.24
Euro to USD / Jan 30	1.09
UK LIBOR % / Jan 27	4.31

Stock	Volume
S&P 500 / Jan 27	4070.56
Nasdaq / Jan 27	11621.71
Dow Jones / Jan 27	33978.08
India Sensex / Jan 30	59500.41
Tokyo Nikkei / Jan 30	27433.40
Hang Seng / Jan 30	22028.58
FTSE 100 / Jan 30	7724.20
Germany DAX 30 / Jan 30	15045.51
France CAC40 / Jan 30	7049.52

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 27	20235
Gold 10 Grams PKR / Jan 27	173610
Crude Oil USD/Barrel / Jan 30	79.34
Gold Spot USD/Ounce / Jan 30	1923.13
Cotton US¢/pound / Jan 30	86.10

President elect Joe Biden

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