MULTAN: Cotton production fell by 20.3 per cent to 8.6 million bales till March 1 this season against 10.7m bales in the same period last year, the Pakistan Cotton Ginners Association (PCGA) said on Tuesday. In its fortnightly report, the PCGA noted that the production of cotton bales went down by 2.2m in the current […]
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ISLAMABAD: State Bank of Pakistan (SBP) Governor Reza Baqir on Tuesday briefed the Public Accounts Committee (PAC) on the recent increase in price of essential commodities. He said the rise was temporary as it was a result of disruption in the supply chain and devolution of rupee. Pointing to the growth in the large-scale manufacturing, […]
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ISLAMABAD: The Pakistan Electric Power Company (Pepco) — a defunct holding company of the Power Division — has reported total payables by sector power companies at Rs1.882 trillion as of Jan 31. In a report submitted to a Special Committee of the Senate, Pepco reported total receivables of the power sector at Rs1.178tr. That would […]
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WASHINGTON: The US Federal Reserve announced an emergency rate cut on Tuesday, responding to the growing economic risk posed by the coronavirus epidemic and giving President Donald Trump the stimulus he has called for. In a unanimous decision, the Fed’s policy-setting committee slashed its key interest rate by a half point to a range of […]
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LAHORE: The government decision to increase the state’s already large footprints in the country’s heavily controlled wheat market through its enhanced purchases of 8.25 million tonnes of staple grain from growers this year will significantly increase its subsidy burden. The targeted procurement is over 30 per cent of the total projected wheat harvest of 27m […]
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ISLAMABAD: Prime Minister Imran Khan on Tuesday promised that 2020 would be the year of jobs and housing facilities for deserving people and said it was his government mission to construct homes for low-income groups of society. “Before this, the government system was a bit slow but now we have taken off and 2020 will […]
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Special Assistant to Prime Minister on Health Dr Zafar Mirza on Wednesday dismissed rumours that the number of coronavirus cases in Pakistan were being understated due to the ongoing Pakistan Super League matches. Speaking to media in Rawalpindi, Mirza said rumours of a higher number of confirmed cases in the country were “100 per cent […]
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The Supreme Court (SC) reminded the government on Wednesday of its earlier ruling that civilians cannot be court-martialled. A two-member bench, headed by Justice Mushir Alam and Justice Munib Akhtar, made these remarks during a hearing on the government’s appeal against the release of Inamur Rahim — a retired colonel. On Jan 2, the defence […]
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Special Assistant to the Prime Minister on Information and Broadcasting Firdous Ashiq Awan said that “there was an outpouring of press conferences immediately after writing a letter to London”. She was referring to a letter the government wrote to authorities in the United Kingdom for the repatriation of former prime minister Nawaz Sharif who it […]
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The Senate on Wednesday passed the Zainab Alert, Response and Recovery Bill, 2019, paving the way for the child protection legislation to become a law more than two years after the body of nine-year-old Zainab Ansari, a rape-murder victim, was found in Kasur in 2018. The gory incident had sparked outrage in the country and raised […]
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