Oil prices extended the gloom on Monday after a Saudi-Russian price war and an equities meltdown sparked by the coronavirus pandemic saw their biggest weekly losses in more than a decade. US benchmark West Texas Intermediate (WTI) briefly fell below $30 a barrel, or 5.5 per cent, in morning Asian trade before regaining its footing. It […]
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Faced with a growing economic shutdown from the coronavirus pandemic, that could cause the US economy to contract, the US Federal Reserve on Sunday announced drastic emergency measures to shore up confidence and keep the financial sector running, including slashing the key interest rate to virtually zero. The Fed made its second emergency rate cut […]
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The Pakistan Stock Exchange was a sea of red once again on Monday with the benchmark KSE-100 index closing down 2,416 points, or 6.7 per cent, at 33,644 – back to levels last seen about four months ago (Oct 24, 2019). With today’s close, the benchmark index has recorded a decline of 17.4pc in the […]
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Only a day after gaining some lost ground, the rupee on Monday resumed its slide against the United States dollar as it fell by Rs1.90 to reach Rs158.6 in the interbank market. However, in the open market, the local currency recovered by Rs2 to stand at Rs156.5, as opposed to Friday’s closing of Rs158.5. Since […]
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LAHORE: The government has converted all public sector universities’ hostels into quarantine centres as an immediate arrangement for likely coronavirus patients as health authorities confirmed first COVID-19 case in the Punjab capital on Sunday. A senior Higher Education Department (HED) official told Dawn that hostels were being vacated and cleaned as a precautionary measure to turn rooms […]
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ISLAMABAD: A second case of COVID-19, the disease caused by the novel coronavirus, has been confirmed in the capital while a number of sectors and segments of society who are vulnerable to the disease have not been addressed. Pakistan Institute of Medical Sciences (Pims) media coordinator Dr Wasim Khawaja said the second patient is the […]
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KARACHI: As many as 358 children — 252 boys and 106 girls — became victims of child abuse in Sindh between 2014 and 2019, it emerged on Sunday. A recent police study about child abuse cases in the province showed that girls found to be more vulnerable between ages of 1-5 and 16-18 while boys […]
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ISLAMABAD: President Dr Arif Alvi has emphasised the need for preventing coronavirus from spreading through national awareness and strict compliance with “simple measures by all of us”. “It is not a political issue but a national one. The war hero’s role is yours thru ur weapons of social media & ur phone messages. Don’t stop […]
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ISLAMABAD: President Dr Arif Alvi will leave for China on Monday (today) on his first visit to the neighbouring country since assuming the office in September 2018. In a statement issued here on Sunday, Foreign Office Spokesperson Aisha Farooqui said that the president would be visiting China at the invitation of President Xi Jinping of […]
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ISLAMABAD: Pakistan on Thursday signalled its willingness to help Afghans deal with challenges in efforts for peace in their country. “Collaborative approach and patience can help overcome all challenges for which Pakistan is ready to play its part with utmost sincerity,” Chief of Army Staff Gen Qamar Bajwa said while chairing the 230th Corps Commanders’ […]
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