LONDON: The Pakistan Cricket Board (PCB) is hoping for the best and preparing for the worst as it seeks to mitigate financial setbacks stemming from the Covid-19 pandemic, its chief executive, Wasim Khan, has said. On the face of it, the disruption caused by the novel coronavirus outbreak could not have come at a worse […]
CLICK HERE TO READ MORE
LAHORE: Chief Minister Usman Buzdar has directed all provincial departments to follow strict financial discipline and further decrease unnecessary expenditure in the next financial year. Chairing a meeting to review the provincial budget and annual development programme (ADP) for 2020-21 at the Chief Minister’s Secretariat on Thursday, he stressed that there was a dire need […]
CLICK HERE TO READ MORE
KARACHI: The current account deficit (CAD) during the month of April rose to $572 million compared to just $9m in March, data released by the State Bank of Pakistan (SBP) showed on Thursday. However, the cumulative deficit during the first 10 months of this fiscal year fell to $3.343 billion against $11.449bn in the same […]
CLICK HERE TO READ MORE
KARACHI: The finance ministry said on Thursday that the Rs10 billion that was being diverted to help make interest payments to the power sector will not come from the Prime Minister Covid Relief Fund but from the fiscal stimulus package totalling Rs1.2 trillion that was announced by the government in the month of March. “The […]
CLICK HERE TO READ MORE
ISLAMABAD: Amid contesting agriculturists, the Economic Coordination Committee (ECC) of the cabinet on Thursday rejected an intervention price for cotton procurement in the public sector and approved an incentive policy for local manufacturing and assembly of mobile phone sets. Informed sources told Dawn that Minister for National Food Security and Research Syed Fakhr Imam’s recommendations […]
CLICK HERE TO READ MORE
China’s No. 2 leader on Friday promised higher spending to revive its pandemic-stricken economy and curb surging job losses but steered clear of launching a massive stimulus on the scale of the United States or Japan. Premier Li Keqiang, in a speech to legislators, said Beijing would set no economic growth target, usually a closely […]
CLICK HERE TO READ MORE
KARACHI: A biosafety laboratory at Dr Panjwani Centre for Molecular Medicine and Drug Research (PCMD), Karachi University (KU), has been transformed into a large Covid-19 testing facility. Part of the National Institute of Virology established last year with federal support, the facility is the largest biosafety level-III laboratory in the country. “The lab is testing […]
CLICK HERE TO READ MORE
QUETTA: The National Disaster Management Authority (NDMA), UN agencies, donor organisations and the Balochistan government have agreed to work jointly to minimise the impact of Covid-19 in the province. The decision was taken in a high-level meeting presided over by Chief Minister Jam Kamal Khan Alyani on Thursday. The meeting was attended by NDMA chairman […]
CLICK HERE TO READ MORE
ISLAMABAD: The Islamabad High Court (IHC) on Thursday suspended the three-month suspension of Islamabad Mayor Sheikh Anser Aziz and reinstated him to his position until final adjudication of the petition he has filed to seek contempt of court proceedings against the federal government. Last week, the Pakistan Tehreek-i-Insaf (PTI) government suspended Mr Aziz, who belongs […]
CLICK HERE TO READ MORE
ISLAMABAD: The country’s two major opposition parties — Pakistan Muslim League-Nawaz (PML-N) and the Pakistan Peoples Party (PPP) — have expressed serious reservations over the Sugar Forensic Commission (SFC) report and termed it “misleading” and an attempt to save the “real culprits”. In separate statements in response to the SFC report, which was made public […]
CLICK HERE TO READ MORE