KARACHI: Foreign investors have pulled out almost one-sixth of their investments, usually referred to as hot money, in treasury bills (T-bills) during the last three weeks as they jump to safer bets to mitigate risks in the aftermath of coronavirus pandemic. Net outflows from the T-bills reached $606.54 million in the first 12 days of […]
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The benchmark KSE-100 index was back in the positive zone at market close on Friday after stocks recovered from intraday losses of nearly 1,700 points. Minutes after the opening bell, shares fell as low as 34,266.91 (1689.78 points) as panic from the global coronavirus outbreak and trade disruptions was also witnessed at the PSX just […]
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The escalating coronavirus emergency sent the stock market on Thursday into its worst slide since the Black Monday crash of 1987, extending a sell-off that has now wiped out most of Wall Street’s big gains since US President Donald Trump took office. The S&P 500 plummeted 9.5 per cent, for a total drop of 26.7pc […]
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Shares plunged in Asia on Friday, with benchmarks in Japan, Thailand and India sinking as much as 10 per cent after Wall Street suffered its biggest drop since the Black Monday crash of 1987. Markets worldwide have retreated as fears of economic fallout from the coronavirus crisis deepen and the meltdown in the US, the […]
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ISLAMABAD: A day after the World Health Organisation (WHO) officially declared COVID-19 a pandemic, the Pakistan Peoples Party (PPP) on Thursday asked the government to enforce health emergency and gear up efforts to check the spread of coronavirus in the country. Talking to reporters at the Parliament House building, chairman of the Senate Standing Committee […]
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The National Security Committee (NSC) on Friday decided to take a number of steps to contain the spread of coronavirus in the country, including closing the borders with Iran and Afghanistan and cancelling the Pakistan Day parade held annually on March 23. The meeting chaired by Prime Minister Imran Khan and was attended by the […]
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An accountability court in Lahore on Friday granted the National Accountability Bureau (NAB) 12-day physical remand of Jang Group’s Editor-in-Chief Mir Shakilur Rahman in a property case. The court had originally granted NAB an 11-day physical remand but extended it by a day when Rahman’s counsel Aitizaz Ahsan said that he would not be available […]
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Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan on Friday said it was unfair to term the arrest of Jang Group’s Editor-in-Chief Mir Shakilur Rahman a part of revenge tactics by the government for his media house’s stance. On Thursday, Rahman had been arrested by the National Accountability Bureau (NAB) […]
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The National Assembly on Friday cut its session short by a week and prorogued proceedings due to concerns raised by treasury and opposition members over coronavirus. When the session had begun on March 9, the House Business Advisory Committee had decided that the assembly was to remain in session till March 20. Earlier in the […]
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Minister for Foreign Affairs Shah Mahmood Qureshi on Wednesday said that a bill will be tabled in the National Assembly for the creation of the South Punjab province. Addressing the media after a high-level meeting, Qureshi said that Prime Minister Imran Khan has taken the decision to move forward with the process of creation of […]
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