ISLAMABAD: While health authorities conducted the highest number of coronavirus tests in a single day, they anticipate a 15-20 per cent rise in daily cases over the next week across the country due to lifting of the lockdown. According to data released by the National Command and Operations Centre (NCOC) issued on Thursday, 15,346 tests […]
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LONDON: A prolonged global slump and surge in bankruptcies arising from the coronavirus pandemic are the foremost concerns for companies surveyed in a World Economic Forum report on Tuesday. However, the crisis also gives governments a “unique opportunity” to craft a healthier, climate-friendly economy as they intervene with huge rescue packages, the organisation said. Its […]
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KARACHI: The wheels of industry have started to turn with auto sector taking the lead in resuming operations after the government announced “relaxation to the automobile industry from the current situation of lockdown due to Covid-19”. Indus Motor Company on Tuesday told the stock exchange that the management had decided to resume plant operations and […]
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Prime Minister Imran Khan on Wednesday hailed the “landmark financial innovation” whereby the government raised Rs200 billion through sukuk issue via competitive book building at the Pakistan Stock Exchange (PSX). Taking to Twitter, the premier said the move had led to his government saving Rs18bn which could now be used for the people’s welfare. A […]
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ISLAMABAD: The Asian Development Bank (ADB) has approved a $300 million emergency assistance loan to strengthen Pakistan’s public health response to the coronavirus pandemic and help meet basic needs of vulnerable and poor segments of society. The project will support purchase of medical supplies and personal protective equipment (PPE) for hospitals and their frontline health […]
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ISLAMABAD: Moody’s Investors Service on Tuesday placed on review for downgrade both local and foreign currency deposits highlighting the government’s weakening capacity to support banks in case of need. In a statement, the New York-based rating agency said it placed the B3 long-term local-currency deposit ratings of the Allied Bank Ltd (ABL), Habib Bank Ltd. […]
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ISLAMABAD: The government seems to be determined to place the name of Leader of the Opposition in the National Assembly and PML-N president Shahbaz Sharif on the no-fly list “so that he could not escape and face fresh corruption cases being made against him”. “It is under consideration, and it should happen that the name […]
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MIRAMSHAH: The Bannu regional police officer has constituted a four-member joint investigation team for probing the honour killing of two teenage girls, whose ‘objectionable’ video went viral lately. The police have so far arrested four suspects, including the video recorder and the one, released on social media. North Waziristan district police officer Shafiullah Gandapur will […]
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KARACHI: The Sindh government has revised the standard operating procedures (SOPs) for funerals of Covid-19 patients relaxing the tough conditions and allowing normal rituals. On the recommendations of health experts, “very much normal” rituals have been restored through the revised SOPs issued by the provincial health department. However, people have been advised to strictly adhere […]
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A PTI member of the Punjab Assembly (MPA) from Gujranwala, Shaheen Raza, passed away on Wednesday at Lahore’s Mayo Hospital after having tested positive for the novel coronavirus. Raza was shifted to the isolation ward of Mayo Hospital, Lahore, on Monday and was put on a ventilator after her condition deteriorated. On Saturday night, Raza […]
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