ISLAMABAD: Moody’s Investor Service on Tuesday lowered its forecast for Pakistan growth rate at 2.5 per cent for the current fiscal year owing to Covid-19 even though it said risks for the entire Asia-Pacific (APAC) region were generally on the downside. In December 2019, the New York-based rating agency had projected Pakistan’s growth rate at […]
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ISLAMABAD: Due to the adverse impact of the coronavirus pandemic on the economy, the government on Tuesday decided to revise all international and local agreements in the energy sector, including those related to Independent Power Projects (IPPs) and Liquefied Natural Gas (LNG), to provide relief to the common man. The decision was taken in a […]
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From empty hotels to shuttered beauty salons, oil-dependent Saudi Arabia is bracing for a coronavirus-led economic slump on top of possible austerity measures as crude prices go into free fall. Huge losses are expected after the Arab world’s biggest economy shut down cinemas, malls and restaurants, halted flights, suspended the year-round umrah pilgrimage and locked […]
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Trading was halted at the Pakistan Stock Exchange less than an hour into the morning session on Wednesday after the benchmark KSE-100 index tanked over 5 per cent as investors reacted with disappointment to the lower-than-expected cut in the policy rate announced by the central bank yesterday. Right from the outset, shares began slipping into […]
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Around 671 more returnees from Iran left their quarantine centre in Taftan for Sindh on Tuesday in a convoy of 18 buses while around 1,500 others are waiting to be sent to Khyber Pakhtunkhwa and Punjab provinces in the next few days. In the first wave of returnees, more than half were found to be […]
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ISLAMABAD: The Foreign Office on Tuesday set up a special cell for coordination on coronavirus and introduced a number of social distancing measures. The newly-established cell, headed by Special Secretary (Admin) Moazzam Ahmed Khan, would liaise with diplomatic corps in the country as well as with Pakistani missions abroad, the FO said. The social distancing […]
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• Restaurants, shopping malls, public parks, govt offices closed in province• Out-patient departments of hospitals also shut for 15 days• Inter-city bus services suspended from Friday ISLAMABAD: As the countrywide tally of coronavirus (COVID-19) cases rose to 212 on Tuesday, the Sindh government made a drastic decision under which restaurants, shopping malls, food streets, public parks […]
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Foreign Minister Shah Mahmood Qureshi on Wednesday assured the nation that he was completely healthy but had “voluntarily decided” to self-isolate for five days after his return from China in order to “give a message”. “I am completely healthy […] but a message needs to be given that we should follow the guidance provided by […]
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The Pakistan Civil Aviation Authority (CAA) — in an effort to curb the spread of the novel coronavirus — has made it compulsory for all international passengers arriving in the country to provide a copy of the test result for COVID-19. The number of coronavirus cases in the country rose to 237 on Tuesday as […]
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BEIJING: An influential former Chinese property executive who called President Xi Jinping a “clown” over a speech he made last month about the government’s efforts to battle the coronavirus has gone missing, three of his friends said. Ren Zhiqiang, a member of China’s ruling Communist Party and a former top executive of state-controlled property developer […]
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