MORNING SHOUT - 16TH AUG 2021
Vaccination process to be expedited: official The National Command and Operation Centre (NCOC) will further
expedite the process of vaccination as four million doses of
Sinopharm and Sinovac vaccines reached the country and 6.1
million more doses of the vaccine under the arrangements of
Covax are expected over the next 24 hours.
NSC meets today to deliberate on situation Prime Minister Imran Khan has convened an emergency meeting
of the National Security Committee on Monday (today) to discuss
the situation in Afghanistan. A briefing on national security matters
and situation at Pakistan’s border with Afghanistan will also be
given during the meeting.
Ghani flies out of Afghanistan as Kabul falls to Taliban
President Ashraf Ghani, along with his close aides, flew out of
Afghanistan on Sunday, paving way for Taliban to regain power
20 years after a US-led military invasion ousted them.
FY21 LSMI output jumps 14.85pc YoY
The overall output of Large Scale Manufacturing Industries (LSMI)
increased by 14.85 percent for fiscal year (July-June) 2020-21
compared to the same period (July-June) 2019-20, as most of the
major manufacturing sectors posted growth, the data released by
the Pakistan Bureau of Statistics (PBS) showed Friday.
Measures under way to secure World Bank loan: Tarin
The government will make all-out efforts to address three to four
outstanding issues, including tax harmonisation, for securing loans
worth over $800 million from the World Bank in the next one month.
Roshan Digital Account inflows reach $2bn in 11 months
Foreign exchange inflows from overseas Pakistanis through the
expensive Roshan Digital Account (RDA) crossed the $2 billion
mark in 11 months on Monday and will now require more than
Rs13.1bn subsidy to maintain its growth. Prime Minister Imran Khan
had lauded overseas Pakistanis when the RDA inflows crossed
$1bn on April 24 and then again when these crossed $1.5bn on
PM for fast track reforms to attract investment
Prime Minister Imran Khan Saturday directed the authorities
concerned to expedite the reforms process to attract investors
and improve the functioning of state-owned enterprises (SOEs).
PD to decide future of Hubco next week
The Power Division (PD) is likely to decide the future of 1200 MW
Hub Power company (Hubco) next week as the government is in
no mood to buy the plant for termination, well-informed sources
told Business Recorder. Presently, Hubco plant is on idle mode but
government operates it on need basis like it did recently when the
country was facing massive shortfall during dry-docking of Engro’s
Asia stocks stumble as China data disappoint
Most Asian equity markets continued to ignore record highs hit
elsewhere in the world and fell in early trading on Friday, though
Australia bucked the trend. MSCI’s broadest index of Asia-Pacific
shares outside Japan fell 0.59%, having closed lower on each of
the past three days.
Oil falls as Delta surge clouds fuel demand outlook
Oil prices fell for a second day on Friday after the IEA warned that
demand growth for crude and its products had slowed sharply as
surging cases of COVID-19 worldwide has forced governments to
revive restrictions on movement.
China’s new home price growth slows as speculative curbs bite
China’s new home prices rose at the slowest clip in six months in
July, as authorities further tightened rules in the red-hot property
sector, including limits on some categories of purchases.
China economy under pressure as factory output, retail sales
growth slow sharply
China’s factory output and retail sales growth slowed sharply and
missed expectations in July, as new COVID-19 outbreaks and
floods disrupted business operations, adding to signs the
economic recovery is losing momentum.