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Steven Mnuchin

Yellen makes history again as US Treasury secretary

Published 27 Jan, 2021 11:38am

Early in Trump's term, she did not hesitate to warn of the risks tax cuts like the one he was proposing would have on the budget deficit.

Yellen wins unanimous Senate panel vote for Treasury despite concerns

Published 23 Jan, 2021 03:56am

WASHINGTON: The US Senate Finance Committee on Friday unanimously approved Janet Yellen's nomination as the first...

Mnuchin condemns Capitol violence, looks to transition; Netanyahu calls incident a 'rampage'

Published 07 Jan, 2021 04:45pm

Netanyahu condemned Wednesday's storming of the U.S. Congress by supporters of outgoing Republican President Donald Trump.

US treasury chief inks Sudan deal after blacklisting lifted

Published 06 Jan, 2021 07:56pm

The signing came after the United States on December 14 formally removed Sudan from its crippling blacklist.

US treasury chief visits Sudan after blacklisting lifted

Published 06 Jan, 2021 05:18pm

Mnuchin is scheduled to meet both head of state General Abdel Fattah al-Burhan and Prime Minister Abdalla Hamdok.

Treasury's Mnuchin tells NYSE chief he disagrees with reversal of Chinese delisting plans

Published 06 Jan, 2021 03:54am

Plans for the delistings of China Mobile, China Unicom and China Telecom were prompted by a White House executive order banning U.S. investment in Chinese military-linked companies.

US Congress edges toward approval of $900bn stimulus package

Published 22 Dec, 2020 08:52am

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.

Americans to start receiving relief checks next week: Mnuchin

Published 21 Dec, 2020 08:10pm

Mnuchin said people are going to see this money by the beginning of the next week.

Still no COVID-19 relief bill as U.S. Congress faces shutdown deadline

Published 18 Dec, 2020 08:20pm

Congressional leaders plan to pass the COVID-19 aid as part of sweeping legislation to fund the government through September 2021.

Pelosi, Mnuchin discuss COVID-19 relief, spending bill: Pelosi spokesman

Published 15 Dec, 2020 04:10pm

Pelosi reiterated Democratic concerns about liability provisions in the COVID-19 relief bill, and told Mnuchin that remaining unresolved items in the spending bill could be resolved easily.

Pelosi, Mnuchin discuss COVID-19 relief, spending bill: Pelosi spokesman

Published 15 Dec, 2020 09:38am

Pelosi reiterated Democratic concerns about liability provisions in the COVID-19 relief bill, and told Mnuchin that remaining unresolved items in the spending bill could be resolved easily, Pelosi spokesman Drew Hammill wrote on Twitter.

Mnuchin says COVID aid checks would spur more jobs than unemployment supplement

Published 10 Dec, 2020 10:41am

He said he was "cautiously hopeful" that the two parties could reach agreement on aid to support the economy until COVID-19 vaccines are widely available.

U.S. Treasury's Mnuchin says he presented $916 billion COVID-19 relief proposal to Pelosi

Published 09 Dec, 2020 05:29pm

"As part of this proposal, we will fund it using $140 billion in unused funds from the Paycheck Protection Program and $429 billion in Treasury funds," Mnuchin said.

US Treasury's Mnuchin says he presented $916 billion COVID-19 relief proposal to Pelosi

Published 09 Dec, 2020 11:42am

"As part of this proposal, we will fund it using $140 billion in unused funds from the Paycheck Protection Program and $429 billion in Treasury funds," Mnuchin said.

Treasury chief backs $20 billion for US airlines payroll

Published 03 Dec, 2020 12:45am

I think that would be very meaningful in terms of employment and saving the industry.
Airlines spent months seeking a new bailout and have won overwhelming support in the US Congress.

US stimulus deal 'hard' to accomplish before election: Mnuchin

Published 15 Oct, 2020 09:27pm

President Donald Trump threw the stimulus negotiations into chaos last week when he ordered Mnuchin to halt the talks, but he quickly reversed course..

US stimulus hopes dim as Mnuchin says negotiators 'far apart'

Published 15 Oct, 2020 02:27am

Under their latest proposal, Democrats want to enact a broad measure costing $2.2 trillion, but the Trump administration's latest offer was for $1.8 trillion.

Pelosi, Mnuchin fail to reach COVID-19 stimulus deal, but talks go on amid Republican doubts

Published 10 Oct, 2020 01:25am

Mnuchin floated a new $1.8 trillion proposal in a 30-minute Friday afternoon phone conversation.
We are still awaiting language from the administration as negotiations on the overall funding amount continue,

Pelosi, Mnuchin continue stimulus negotiations

Published 06 Oct, 2020 02:18am

The law also created a system of loans and grants for small businesses battered by business shutdowns to stop the virus's spread, but that money ran dry in August.

Mnuchin, Pelosi to meet, raising hopes of end to US aid deadlock

Published 01 Oct, 2020 02:48am

Democrats earlier this week unveiled a $2.2 trillion aid proposal, more than $1 trillion less than they had initially wanted to spend.

Trump official says TikTok must become US firm

Published 01 Oct, 2020 02:41am

The Chinese government has accused Trump of "bullying behavior" and "abusing national power" to take over TikTok.

Pelosi, Mnuchin meet in bid to reach US COVID-19 relief deal

Published 30 Sep, 2020 11:28pm

Hours before the meeting, Mnuchin said he thought that he and Pelosi could "reach a reasonable compromise" in the next day or two.
Pelosi said: "I'm hopeful. We'll just see what they come back with today and how our negotiations go next."

US Treasury's Mnuchin 'hopeful' for coronavirus aid compromise with Democrats

Published 30 Sep, 2020 07:32pm

Mnuchin told a CNBC investor conference that he is continuing recently revived talks with House Speaker Nancy Pelosi and said he thinks they can "reach a reasonable compromise."

Despite aid impasse, Mnuchin sees strong US rebound in Q3

Published 23 Sep, 2020 02:38am

I believe we will see tremendous growth in the third quarter, Mnuchin said.

US stocks flat ahead of Powell testimony

Published 22 Sep, 2020 07:22pm

Among individual companies, Comcast jumped 2.6 percent on news that Nelson Peltz's activist Trian Fund management had taken a stake in the cable giant.

G7 ministers to consider extending debt freeze for low-income countries: Treasury

Published 17 Aug, 2020 11:09pm

The ministers repeated their call for all official bilateral creditors to fully implement the G20 debt freeze for the poorest countries.
The Group of 20 countries to extend their Debt Service Suspension Initiative (DSSI) given the economic impact of the pandemic.

White House, Democratic leaders trade barbs over pandemic aid deal

Published 11 Aug, 2020 01:49am

Steven Mnuchin said reaching a deal is possible if Democrats in Congress are willing to give ground on some of their demands.

Mnuchin sees possible virus aid deal, but no talks set with Congress

Published 10 Aug, 2020 11:46pm

Eviction protections and enhanced unemployment assistance both expired at the end of July, slashing aid for more than 30 million people.
They have to meet us in the middle. They can't just come to the table and say it's our way or no way; we'll never get a deal.

Trump administration wants ‘plenty of money’ for coronavirus testing

Published 22 Jul, 2020 12:21am

The White House is blocking funding for tests considered key to containing the reach of the deadly pandemic.
"We want to make sure there's plenty of money for testing. And that's a big priority."

Treasury's Mnuchin open to blanket forgiveness for smaller business relief loans

Published 17 Jul, 2020 08:54pm

Mnuchin told lawmakers that they should consider such an approach to reduce complexity, coupled with some form of fraud protection. *"This time, we need to have a revenue test and make sure that money is going to businesses that have significant revenue declines," he said.

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Currency	Rate
USD PKR Interbank Selling / Jul 20	278.15
USD PKR Interbank Buying / Jul 20	277.95
USD to Japanese Yen / Jul 21	162.52
USD to Swiss Franc / Jul 21	0.81
Pound Sterling to USD / Jul 21	1.34
Euro to USD / Jul 21	1.14
SOFR % / Jul 20	3.62

Stock	Volume
S&P 500 / Jul 20	7,443.28
Nasdaq / Jul 20	25,508.07
Dow Jones / Jul 20	51,839.26
India Sensex / Jul 21	77,478.67
Tokyo Nikkei / Jul 21	65,077.32
Hang Seng / Jul 21	25,036.86
FTSE 100 / Jul 21	10,506.59
Germany DAX 30 / Jul 21	24,879.67
France CAC40 / Jul 21	8,348.97

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 20	18,880
Gold 10 Grams PKR / Jul 20	363,971
Petrol/Litre / Jul 21	316.15
Crude Oil USD/Barrel / Jul 21	82.50
Gold Spot USD/Ounce / Jul 21	4,050.88
Diesel/Litre / Jul 21	354.35
Cotton US¢/pound / Jul 21	79.38

Gainers
Losers
Leaders

Stock	Price
Trust Sec.& Brok. / Jul 21 Trust Securities & Brokerage Limited(TSBL)	2.39 ▲ 0.24 (11.16%)
Invest Capital Invest Bank / Jul 21 Invest Capital Investment Bank Limited(ICIBL)	21.75 ▲ 1.98 (10.02%)
Crescent Cotton / Jul 21 Crescent Cotton Mills Limited(CCM)	64.96 ▲ 5.91 (10.01%)
First IBL Mod. / Jul 21 First IBL Modaraba(FIBLM)	15.27 ▲ 1.39 (10.01%)
Gammon Pak / Jul 21 Gammon Pakistan Limited(GAMON)	21.98 ▲ 2 (10.01%)
Ahmad Hassan / Jul 21 Ahmad Hassan Textile Mills Limited(AHTM)	110.23 ▲ 10.02 (10%)
Asia Ins. / Jul 21 Asia Insurance Company Limited(ASIC)	41.69 ▲ 3.79 (10%)
Biafo Ind. / Jul 21 Biafo Industries Limited(BIFO)	130.83 ▲ 11.89 (10%)
Dewan Farooque Sp. / Jul 21 Dewan Farooque Spinning Mills Limited(DFSM)	18.15 ▲ 1.65 (10%)
Husein Industries / Jul 21 Husein Industries Limited(HUSI)	60.50 ▲ 5.5 (10%)

Stock	Price
United Insurance / Jul 21 The United Insurance Company(UNIC)	12.68 ▼ -1.41 (-10.01%)
Baba Farid Sugar / Jul 21 Baba Farid Sugar Mills Limited(BAFS)	414.40 ▼ -46.02 (-10%)
Khairpur Sug. / Jul 21 Khairpur Sugar Mills Limited(KPUS)	1,515.89 ▼ -168.43 (-10%)
S.G.Power / Jul 21 S.G. Power Limited(SGPL)	79.05 ▼ -8.78 (-10%)
Shams Textile / Jul 21 Shams Textile Mills Limited(STML)	57.58 ▼ -6.4 (-10%)
Service Textile / Jul 21 Service Industries Textiles Limited(SERT)	50.44 ▼ -5.6 (-9.99%)
Pakistan Credit Rating Agency / Jul 21 The Pakistan Credit Rating Agency Ltd(GEMPACRA)	36 ▼ -3.62 (-9.14%)
Popular Islamic / Jul 21 Popular Islamic Modaraba(PIM)	22.90 ▼ -2.21 (-8.8%)
Frontier Ceramics / Jul 21 Frontier Ceramics Limited(FRCL)	98.02 ▼ -7.77 (-7.34%)
Azgard Nine (Non-Voti) / Jul 21 Azgard Nine (Non-Voti)(ANLNV)	7.71 ▼ -0.61 (-7.33%)

Stock	Volume
Cnergyico PK / Jul 21 Cnergyico PK Limited(CNERGY)	263,436,960 ▼ -0.69
Trust Sec.& Brok. / Jul 21 Trust Securities & Brokerage Limited(TSBL)	110,849,016 ▲ 0.24
TPL Properties / Jul 21 TPL Properties Limited(TPLP)	73,851,952 ▲ 0.89
Pak Refinery / Jul 21 Pakistan Refinery Limited(PRL)	58,224,946 ▲ 0
F. Nat.Equities / Jul 21 First National Equities Limited(FNEL)	26,116,799 ▲ 0.02
TPL Corp Ltd / Jul 21 TPL Corp Limited(TPL)	24,336,000 ▲ 0.97
WorldCall Telecom / Jul 21 Worldcall Telecom Limited(WTL)	22,413,148 ▲ 0.03
B.O.Punjab / Jul 21 The Bank of Punjab(BOP)	20,069,620 ▲ 0.41
K-Electric Ltd. / Jul 21 K-Electric Limited(KEL)	15,692,784 ▲ 0.14
Maple Leaf Cement / Jul 21 Maple Leaf Cement Factory Limited(MLCF)	13,608,067 ▼ -2.01

Steven Mnuchin

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