Police enforced a strict lockdown across the country to restrict Friday prayer congregations and curb the spread of the coronavirus, officials said, after failing to prevent large gatherings last week. Health experts have warned of an epidemic in South Asia, home to a fifth of the world’s population, that could easily overwhelm its weak public […]
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ISLAMABAD: Pakistan would start a week-long repatriation flight programme from Saturday for bringing back its nationals stranded overseas because of disruption of flights and tightening of travel restrictions during the Covid-19 pandemic. Foreign Minister Shah Mehmood Qureshi said 17 repatriation flights would be flown between April 4 -11. Under the plan approved by the National […]
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ISLAMABAD: Moody’s Investors Service on Thursday estimated Pakistan’s growth rate could further slide to two per cent during the current fiscal year owing to Covid-19 outbreak and believed recent steps by the State Bank of Pakistan (SBP) would soften the impact of the pandemic on the country’s banks. On March 17, the Moody’s had formally […]
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LONDON: Oil prices rocketed on Thursday after US President Donald Trump said Russia and Saudi Arabia planned to end their price war by slashing output. But gains for Brent North Sea crude of nearly 46 per cent cooled to around 20 per cent as Russia denied it had spoken to Saudi Arabia, the world’s biggest […]
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ISLAMABAD: Prime Minister Imran Khan on Thursday ordered a relief package specifically for the construction industry and directed resumption of all China-Pakistan Economic Corridor (CPEC) related infrastructure and energy projects. The package for construction industry will be unveiled today (Friday). The premier also directed formation of a Codal Research Committee (CRC) for devising an action […]
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ISLAMABAD: Faced with increasing liabilities in the energy sector, a cabinet committee on Thursday decided to engage with private investors in the Liquefied Natural Gas (LNG) terminals and power projects to renegotiate terms of their capacity payments, return on equity and exchange rate indexation. A meeting of the reconstituted Cabinet Committee on Energy (CCoE) led […]
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Prime Minister Imran Khan on Friday elevated the status of the construction sector to that of an industry while announcing incentives for investors and businessmen as the government tries to mitigate the economic impact of the coronavirus outbreak. While speaking to journalists, the premier said that a board will also be formed to address all […]
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KARACHI: As the uncertainty looms over the resumption of the halted fifth edition of the Pakistan Super League (PSL), the franchise teams who reached the semi finals — are found on the same wavelength regarding the formula to declare the winners. The fifth edition of the PSL was suspended just hours before the first semi […]
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LONDON: Tony Lewis, one of the men behind the Duckworth-Lewis-Stern method used in weather-affected limited overs cricket matches, has died aged 78, the England and Wales Cricket Board (ECB) announced on Wednesday. “It is with much sadness that the ECB has learned of the passing of Tony Lewis MBE, aged 78,” said a statement. “Tony, […]
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LONDON: England and Wales Cricket Board (ECB) chief executive Tom Harrison ‘volunteered’ on Wednesday to take the same 25 per cent pay cut as other employees in the face of the coronavirus pandemic. On Tuesday, when Harrison unveiled the ECB’s 61 million pounds ($76 million) aid package in response to the ‘once in a generation’ […]
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