Traders among hundreds held over SOP violation in Peshawar

PESHAWAR: The district administration of Peshawar on Thursday arrested 385 people, mostly traders, and sealed several pharmacies and superstores for not following the standard operating procedures enforced to prevent the spread of Covid-19 pandemic. According to a statement issued here, Umer Pharmacy, Naik Store and Esa Electronics on University Road, Chen-One and Macro Mart on […]

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Flour price shoots up as wheat crisis in Sindh deepens

KARACHI: Shortage of wheat continues to fuel rise in flour prices across the province in the absence of effective price control mechanism and insipid government response to the deepening crisis. On Thursday, flour millers raised prices by Rs2 per kg on various varieties of flour. Just two days before on Tuesday, they had raised prices […]

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Exports fall again in May, but recover from April low

ISLAMABAD: Pakistan’s exports tumbled for the third consecutive month in May falling 33.6 per cent year-on-year to $1.39 billion compared to $2.09bn in the corresponding month last year, data released by the Pakistan Bureau of Statistics showed on Thursday. Compared to 54pc decline in April, when exports fell to $957 million, month-on-month proceeds in May […]

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Minister defends Steel Mills retrenchment decision

ISLAMABAD: Federal Industries Minister Hammad Azhar has defended the government’s decision to terminate the services of over 9,300 workers of the Pakistan Steel Mills (PSM), saying that revamping was necessary to revive production there. Speaking at a press conference on Thursday, the minister slammed the opposition for opposing the government’s revamping plan. He was flanked […]

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Rs1.41tr development budget set to pursue 2.3pc growth target

ISLAMABAD: Amid alleged boycott by Balochistan Chief Minister Jam Mir Kamal Khan Alyani, the Annual Plan Coordination Committee (APCC) on Thursday finalised total development outlay of about Rs1.41 trillion to achieve an economic growth rate of about 2.3 per cent next fiscal year (2020-21). The APCC meeting, presided over by Deputy Chairman Planning Commission Jahanzeb […]

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Cabinet panel opens debate on outsourcing of major airports

ISLAMABAD: The cabinet committee on outsourcing of major airports of the country on Thursday held its first meeting and directed stakeholders to come up with viable options in a week. The committee, headed by its chairman Razak Dawood, Adviser to the Prime Minister on Commerce and Investment, asked the members to finalise proposals to be […]

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PCB takes back decision to terminate employees

The Pakistan Cricket Board (PCB) on Friday reversed its decision to terminate 55 employees as a downsizing measure, days after it handed them a one-month notice period ending on June 30. PCB Chief Executive Wasim Khan in a statement today said “making changes is about timing and, on reflection, the process and communication needed to […]

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Pakistan’s first virtual fashion show ready to kick off tonight

With Covid-19 cancelling a lot of events – or as we say, cancelling 2020 – Frieha Altaf announced a virtual fashion show. Called Catwalk Cares, the three day event is ready to kick off tonight. Shared Frieha Altaf in a press release, “We were all prepared to proudly present Pakistan’s first ever virtual fashion week […]

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3 million jobs likely to be lost due to pandemic, finance ministry tells Senate

Around three million jobs are expected to be lost in the “initial round” of the novel coronavirus outbreak, the finance ministry told the Senate in a written response submitted on Friday. Out of the three million jobs, the industrial sector is likely to lose one million and the remaining two million will be lost in […]

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