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Dec 23, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2020-03-14
Combined income groups: SPI inflation up 0.71 percent WoW

Combined income groups: SPI inflation up 0.71 percent WoW

The Sensitive Price Indicator-based inflation during the week ended March 12 against March 5 witnessed an increase of 0.71 percent for combined income groups. It moved up from 128.74 points to 129.66 points, the SPI data released by the Pakistan Bureau of
Published 14 Mar, 2020 12:00am
Karachi package: PM for expediting work

Karachi package: PM for expediting work

Prime Minister Imran Khan on Friday directed the federal government authorities to expedite Rs 162 billion development package announced by the federal government for Karachi, while reviewing a host of mega projects concerning the cosmopolitan.
Published 14 Mar, 2020 12:00am
ECC accords approval to gas allocation to SSGC

ECC accords approval to gas allocation to SSGC

The Economic Coordination Committee (ECC) of the Cabinet has accorded approval, in principle to allocation of 10 MMCFD gas to the Sui Southern Gas Company Limited (SSGCL) and the provisional tight gas price incentive for Rehman-4 well in Kirthar Block sub
Published 14 Mar, 2020 12:00am
Rescheduled PSL tournament to be played behind closed doors

Rescheduled PSL tournament to be played behind closed doors

Besides replacing the playoffs with semi-finals to shorten the HBL PSL V 2020 by four days, due to coronavirus threats, Pakistan Cricket Board has decided to hold these matches behind closed doors. Earlier, the decision to hold matches without spectators
Published 14 Mar, 2020 12:00am
Locally-transmitted coronavirus case detected in Karachi

Locally-transmitted coronavirus case detected in Karachi

The very first locally transmitted case of the novel coronavirus emerged in the city on Friday, pushing the patients' tally of COVID-19 to 15 in Sindh province. A spokesperson for the Sindh health department confirmed that a 52-year-old man, who had arriv
Published 14 Mar, 2020 12:00am
Government to seek fresh funds from multilateral agencies: minister

Government to seek fresh funds from multilateral agencies: minister

The government has decided re-allocation of non-utilized funds and to seek fresh funds from multilateral agencies to deploy towards coronavirus (COVID-19) prevention across the country, said Federal Minister for Economic Affairs Hammad Azhar.
Published 14 Mar, 2020 12:00am
Pakistan shuts borders with Iran and Afghanistan

Pakistan shuts borders with Iran and Afghanistan

Pakistan on Friday decided to shut its western borders with Iran and Afghanistan for two weeks, limit international operations only to three major airports, shut educational institutes for three weeks and ban public gatherings.
Published 14 Mar, 2020 12:00am
PSX manages to make decent recovery: BRIndex100 inches up
Stocks

PSX manages to make decent recovery: BRIndex100 inches up

The local bourse remained in the grip of panic selling Friday and the Exchange had to trigger another market halt just after opening of the trading session this week. However, fresh buying at the fag end supported the market to close on a positive note. T
Published 14 Mar, 2020 12:00am
JEDI contract

JEDI contract

The US Department of Defense said Thursday it wants to reconsider its decision to award a multi-billion-dollar military cloud computing contract to Microsoft in a bidding process Amazon claims was tainted by politics. A judge last month issued an order at
Published 14 Mar, 2020 12:00am
PSX triggers another market halt

PSX triggers another market halt

The local bourse witnessed a freefall at the start of the trading session and the Pakistan Stock Exchange had to trigger market halt option at 09:25am for 45 minutes for the third day this week. The market fell by over 4 percent at 09:25am when the PSX in
Published 14 Mar, 2020 12:00am
SECP examines stock market situation

SECP examines stock market situation

The Securities and Exchange Commission of Pakistan's (SECP) team led by the Chairman SECP and Commissioner (SM) held a detailed meeting with the CEOs of Pakistan Stock Exchange (PSX), National Clearing Company of Pakistan Limited and Central Depository Co
Published 14 Mar, 2020 12:00am
Government to seek special export package from China

Government to seek special export package from China

The government has reportedly decided to seek a special export package from China as compensation of decline in exports destined to China since coronavirus hit China in December 2019. Well-informed sources told Business Recorder that this proposal
Published 14 Mar, 2020 12:00am
Kuwait shuts mosques over coronavirus

Kuwait shuts mosques over coronavirus

Kuwait's religious authorities asked Muslims to pray at home on Friday as the emirate prepares to enter a period of virtual lockdown to fight the spread of the new coronavirus. "The doors of the mosques will stay closed," said the ministry of religious en
Published 14 Mar, 2020 12:00am
Iraq condemns US air strikes

Iraq condemns US air strikes

Iraq condemned overnight US air strikes on Friday, with its military saying they had killed six people and describing them as a violation of sovereignty and a targeted aggression against the nation's regular armed forces. President Barham Salih said repea
Published 14 Mar, 2020 12:00am
SC issues notice to AGP regarding interpretation of Article 165-A

SC issues notice to AGP regarding interpretation of Article 165-A

The Supreme Court issued notice to the Attorney General for Pakistan regarding interpretation of Article 165-A of the Constitution and Section 122(2) of Income Tax Ordinance (ITO) 2001 that whether entities established under the provision of statutes woul
Published 14 Mar, 2020 12:00am
Major US Internet firms

Major US Internet firms

The Federal Communications Commission said Friday that major internet providers - including Comcast Corp, AT&T Inc and Verizon Communications Inc - agreed not to terminate service for subscribers for the next 60 days if they are unable to pay their bills
Published 14 Mar, 2020 12:00am
India releases Farooq Abdullah

India releases Farooq Abdullah

Indian authorities on Friday released an influential Kashmir lawmaker who had been held for seven months after New Delhi stripped the disputed region of its semi-autonomy and detained thousands of politicians and activists.
Published 14 Mar, 2020 12:00am
PSM's revival plan discussed

PSM's revival plan discussed

Pakistan Steel Mills Board of Directors (BoD) Chairman Aamir Mumtaz Friday said Pakistan Steel Mills is in the process of revival and recovery and needs to reinvent itself as a new organization. Presiding over a meeting with PSM officials regarding reviva
Published 14 Mar, 2020 12:00am
End-December 2019: Islamic banking market share jumps to 15 percent

End-December 2019: Islamic banking market share jumps to 15 percent

The market share of Islamic Banking Industry (IBI) in the overall banking industry surged to 15 percent by the end of December 2019. Islamic banking continues to post healthy growth and its share in overall banking industry increased to 14.9 percent in De
Published 14 Mar, 2020 12:00am
36 Brigadiers promoted

36 Brigadiers promoted

The Pakistan Army Promotion board on Friday promoted 36 Brigadiers to the rank of Major General. The meeting to this regard was held here at General Headquarters which was presided by Chief of Army Staff (COAS), General Qamar Javed Bajwa , an Inter Servic
Published 14 Mar, 2020 12:00am
Government not behind Mir Shakil's arrest: Firdous

Government not behind Mir Shakil's arrest: Firdous

Special Assistant to the Prime Minister on Information and Broadcasting Firdous Ashiq Awan on Friday dismissed as false propaganda the allegations that the federal government was behind the arrest of Jang Group's Mir Shakilur Rehman at the hands of Nation
Published 14 Mar, 2020 12:00am
Coronavirus threat
Letters

Coronavirus threat

According to the World Health Organisation (WHO), nearly 5,000 people have died and over 132,000 have been infected by coronavirus globally. Although the number of infected people in Pakistan is 21 with no deaths so far, the near absence of required prepa
Published 14 Mar, 2020 12:00am
Shareholders pick holes in Europe's bank safety blanket
Articles

Shareholders pick holes in Europe's bank safety blanket

The euro zone followed Britain on Thursday with measures to support banks hit by the coronavirus pandemic but it offered little consolation to their long-suffering shareholders, faced with continued rock-bottom interest rates and a dire economic outlook.
Published 14 Mar, 2020 12:00am
The lucky economy
Articles

The lucky economy

About a decade or more ago, during a square table discussion, a comment was made that the economic success of the dictatorial government could only be attributed to luck; the almost immediate retort was short and simple - that being the case is it not stu
Published 14 Mar, 2020 12:00am
OICCI's survey
Articles

OICCI's survey

The Overseas Investors Chambers of Commerce & Industry (OICCI) has rolled out key findings of its recently released 'Perception and Investment Survey - 2019'. The following are key punch lines of its survey:
Published 14 Mar, 2020 12:00am
Redressing foreign policy

Redressing foreign policy

When Foreign Minister Shah Mahmood Qureshi gets involved in creating a new province - something which is presently not a possibility - instead of looking after his own portfolio then there is something definitely wrong with distribution of government work
Updated 16 Mar, 2020 08:49am
Rise in remittances

Rise in remittances

It is good to see that home remittances sent by overseas Pakistanis are rising and contributing a great deal to the improvement in external sector of the economy. According to the latest data released by the State Bank, workers' remittances amounted to do
Updated 16 Mar, 2020 08:48am
Ogra invites consumers, public for hearings on SNGPL's petition
Energy

Ogra invites consumers, public for hearings on SNGPL's petition

The Oil and Gas Regulatory Authority (Ogra) has invited gas consumers and the general public for public hearings on the Sui Northern Gas Pipeline Limited (SNGPL)'s petition for an increase in its average prescribed price by Rs 133.31 per mmbtu effective J
Published 14 Mar, 2020 12:00am
'1,800 Pakistani pilgrims shifted to Quetta from quarantine'

'1,800 Pakistani pilgrims shifted to Quetta from quarantine'

As many as 1,800 pilgrims on Friday were shifted to Quetta from quarantine at the Taftan border. The pilgrims were kept in the quarantine after reaching to Pakistan from Iran amid coronavirus threat that has claimed more than 450 lives in Iran. The pilgri
Published 14 Mar, 2020 12:00am
Shahbaz for national action plan to tackle challenges

Shahbaz for national action plan to tackle challenges

Terming deteriorating economy as a bigger threat to the national sovereignty than Coronavirus, leader of the Opposition in the National Assembly and the Pakistan Muslim League-Nawaz (PML-N) President Shehbaz Sharif said on Friday that the world is fightin
Published 14 Mar, 2020 12:00am
Demand pay raise: Pakistan Secretariat employees stage sit-in

Demand pay raise: Pakistan Secretariat employees stage sit-in

The employees of Pakistan Secretariat on Friday staged a sit-in outside the Parliament House seeking pay raise on the pattern of the staff of Prime Minister's Office, the President House, the NAB, the Federal Investigation Agency (FIA), the Federal Board
Published 14 Mar, 2020 12:00am
Farid Rahman elected SOPREST president

Farid Rahman elected SOPREST president

Farid Rahman has been elected as a new president of the Society for the Promotion of Engineering Sciences and Technology in Pakistan (SOPREST), a parent body of Ghulam Ishaq Khan Institute of Engineering Sciences and Technology.
Published 14 Mar, 2020 12:00am
Fisheries department to launch 'Cage Culture Cluster' project

Fisheries department to launch 'Cage Culture Cluster' project

The provincial department of fisheries is all set to launch 'Cage Culture Cluster Development Project' worth Rs 1.475 billion to harness the potential of untapped aquatic resources of the province and increase fish production to meet the food requirement.
Published 14 Mar, 2020 12:00am
PHEC holds meeting: Need for setting up council of editors stressed

PHEC holds meeting: Need for setting up council of editors stressed

Establishment of Council of Editors has been emphasized to improve the quality of local research journals in Punjab during a consultative meeting of Punjab Higher Education Commission (PHEC) with the editors and local research journals. The meeting, held
Published 14 Mar, 2020 12:00am
Telenor marks 15 years operations in Pakistan
Telecommunication

Telenor marks 15 years operations in Pakistan

Telenor Pakistan on Friday marked 15 years of its operations in Pakistan with an investment of over $4.5 billion, making it one of the largest foreign direct investors in the country, and has paid over $2.5 billion in direct and indirect taxes through a s
Published 14 Mar, 2020 12:00am
Gold smuggling foiled
Taxes

Gold smuggling foiled

An attempt of smuggling of gold from Pakistan to Afghanistan was foiled, when the custom officials recovered six and half kilo from Afghanistan bound truck on Friday. The custom official said that on tips of, the custom (preventive) staff during routine s
Published 14 Mar, 2020 12:00am
Gold prices fall by Rs 900

Gold prices fall by Rs 900

Gold on Friday further receded by Rs 900 per tola to Rs 93600 on the local market, traders said.
Published 14 Mar, 2020 12:00am
Sindh government starts KCR's revival work: minister

Sindh government starts KCR's revival work: minister

Provincial Minister for Information, Local Government, Religious Affairs, Forest and Wildlife, Syed Nasir Hussain Shah, has said that Sindh government has also started work for restoration of Karachi Circular Railway on the directives of the Supreme Court
Published 14 Mar, 2020 12:00am
Sindh PA adjourned till 27th

Sindh PA adjourned till 27th

The Sindh Assembly was Friday adjourned for March 27 after mourning the death of its female lawmaker Shahnaz Ansari.
Published 14 Mar, 2020 12:00am
Coronavirus: Cash prize for vaccine developer announced

Coronavirus: Cash prize for vaccine developer announced

Sindh Information Minister Nasir Hussain Shah on Friday announced a cash prize for the one who develops a vaccine for the coronavirus. According to a statement, Nasir Hussain Shah said it was his request to all research laboratories and students to help t
Published 14 Mar, 2020 12:00am
Sindh confirms one more coronavirus case, tally rises to 21

Sindh confirms one more coronavirus case, tally rises to 21

The health authorities in Sindh confirmed one more coronavirus case in the province on Friday. The confirmation was made in a post on social networking platform Twitter by the provincial Health and Population Welfare Department.
Published 14 Mar, 2020 12:00am
Coronavirus spread: Chief Justice for fumigation in SHC premises

Coronavirus spread: Chief Justice for fumigation in SHC premises

Chief Justice (CJ) Sindh High Court (SHC) Ahmed Ali M Sheikh on Friday directed for proper fumigation in high court premises including chambers, court rooms, office/branches, offices of Bar and other departments located in the premises of high court in Ka
Published 14 Mar, 2020 12:00am
KE, City Administration join hands to restore Ibn-e-Insha Park

KE, City Administration join hands to restore Ibn-e-Insha Park

Ibn-e-Insha Park in Nazimabad has been reopened for the public after years of neglect, with a completely new look. K-Electric, with the collaboration and support of UC-47 cleared more than 26 tons of garbage from the derelict park and its surroundings in
Published 14 Mar, 2020 12:00am
Mir Shakil remanded in NAB custody for 12 days

Mir Shakil remanded in NAB custody for 12 days

An accountability court on Friday handed over physical custody of Jang and Geo Media Group's Editor-in-Chief, Mir Shakil-ur-Rehman, to the National Accountability Bureau (NAB) for 12 days in a land transaction case. Mir Shakil's counsel Barrister Aitzaz A
Published 14 Mar, 2020 12:00am
Suspects in Punjab: 71 tested negative, one under observation: Chohan

Suspects in Punjab: 71 tested negative, one under observation: Chohan

Punjab Information Minister Fayyaz-ul-Hassan Chohan said on Friday that 72 coronavirus suspects were admitted to the hospitals of Punjab out of which 71 were test negative while only one case was under observation. The minister was responding to the point
Published 14 Mar, 2020 12:00am
CM condoles martyrdom of Wing Commander Noman Akram

CM condoles martyrdom of Wing Commander Noman Akram

Chief Minister Punjab Sardar Usman Buzdar went to the residence of Wing Commander Noman Akram who embraced martyrdom in a plane crash and extended heartfelt sympathies and condoled with his family members including Brig (R) Muhammad Akram father of Noman
Published 14 Mar, 2020 12:00am
LCCI for stringent safety steps to coronavirus
Business & Economy

LCCI for stringent safety steps to coronavirus

The Lahore Chamber of Commerce and Industry (LCCI) stressing the need for fool proof and stringent safety measures to contain the further spread of coronavirus has urged the government to immediately compile the data of travelers to Pakistan and ensure th
Published 14 Mar, 2020 12:00am
Coronavirus threat: Police halt biometric attendance system

Coronavirus threat: Police halt biometric attendance system

Amid rising threat of coronavirus in the country, the Punjab police have halted the biometric attendance system for an indefinite period in all the offices and directed its officials suffering from cough, flu or fever to cover their mouths and noses with
Published 14 Mar, 2020 12:00am
KE clarification
Energy

KE clarification

Apropos a news report titled 'TI-P accuses KE of sending exaggerated bills to consumers', K-Electric (KE) reiterates that the power utility is a law abiding entity that strictly adheres to all rules and regulations.
Published 14 Mar, 2020 12:00am
TDAP holds exporters training programme
Business & Economy

TDAP holds exporters training programme

TDAP successfully organized 5th episode of National Exporters Training Program (NETP) at Sukkur in collaboration with Sukkur, Khairpur, Shikarpur and Larkana Chambers of Commerce & Industry on 12th March. The objective of this program was to train potenti
Published 14 Mar, 2020 12:00am
Hascol appoints CEO & director
Energy

Hascol appoints CEO & director

Alan Duncan has joined the Board of the Directors of the Company as nominee Director of Vitol Dubai Limited. Alan is a former UK government minister. After studying at Oxford and Harvard, he worked first for Shell and then spent 10 years as an oil trader
Published 14 Mar, 2020 12:00am
Probe into smuggling of face masks begins

Probe into smuggling of face masks begins

The Federal Investigation Agency (FIA) has initiated an investigation into allegation of smuggling of surgical masks to foreign countries.
Published 14 Mar, 2020 12:00am
ICoast PM named ruling party's presidential candidate

ICoast PM named ruling party's presidential candidate

Ivory Coast's ruling party has named the prime minister as its candidate for the October presidential poll, after President Alassane Ouattara ended months of speculation and said he would not seek a controversial third term.
Published 14 Mar, 2020 12:00am
US developing rapid coronavirus tests as shortages persist

US developing rapid coronavirus tests as shortages persist

The United States on Friday announced it was funding development of rapid diagnostic kits for the novel coronavirus as people across the country reported they were unable to get tested for the illness because of shortages.
Published 14 Mar, 2020 12:00am
Chinese billionaire Jack Ma offers US virus test kits, masks

Chinese billionaire Jack Ma offers US virus test kits, masks

Chinese billionaire businessman Jack Ma on Friday offered the United States 500,000 coronavirus test kits and a million masks, as the country faces a shortage of kits for diagnosing the potentially deadly disease.
Published 14 Mar, 2020 12:00am
US summons Chinese ambassador over coronavirus comments

US summons Chinese ambassador over coronavirus comments

The US State Department on Friday summoned the Chinese ambassador to the United States to protest against comments by a Chinese foreign ministry spokesman who had suggested the US military might have brought the coronavirus to Wuhan.
Published 14 Mar, 2020 12:00am
G7 to hold special coronavirus summit via video Monday

G7 to hold special coronavirus summit via video Monday

France moved Friday to bolster cross-border coordination of the coronavirus response, marshalling G7 leaders for an extraordinary summit via videoconference, and launching an EU discussion on stricter border control.
Published 14 Mar, 2020 12:00am
Moscow plans coronavirus medical centre on Chinese model

Moscow plans coronavirus medical centre on Chinese model

Moscow said on Friday it was planning to build a medical centre inspired by a rapidly built Chinese facility to prevent the spread of the coronavirus pandemic. The new 500-bed facility, in a sparsely populated region 50 kilometres (30 miles) from Moscow,
Published 14 Mar, 2020 12:00am
Turkey, Russia agree joint patrols in Syria

Turkey, Russia agree joint patrols in Syria

Turkish and Russian officials agreed Friday to start joint patrols in Syria's Idlib at the weekend, Turkey's defence minister said, following a fragile ceasefire in the last rebel stronghold.
Published 14 Mar, 2020 12:00am
Some Rome churches reopen after angry pope steps in

Some Rome churches reopen after angry pope steps in

Some of Rome's Catholic churches reopened Friday after Pope Francis voiced displeasure with the Italian authorities' push to shut them because of the coronavirus pandemic. The rare standoff between the 83-year-old pontiff and Prime Minister Giuseppe Conte
Published 14 Mar, 2020 12:00am
UK delays local elections over coronavirus

UK delays local elections over coronavirus

Britain on Friday announced it was delaying May's local elections - including for London mayor - for a year due to the outbreak of coronavirus. "We will bring forward legislation to postpone local, mayoral and Police and Crime Commissioner elections until
Published 14 Mar, 2020 12:00am
Europe now 'epicentre' of COVID-19 pandemic: WHO

Europe now 'epicentre' of COVID-19 pandemic: WHO

The World Health Organization said Friday that Europe was now the "epicentre" for the global coronavirus pandemic - and warned it was impossible to know when the outbreak would peak. The continent had now "more reported cases and deaths than the rest of t
Published 14 Mar, 2020 12:00am
Dollar gains in Asia
Money & Banking

Dollar gains in Asia

The dollar stood tall on Friday as investors scrambled for the world's most liquid currency amid deepening panic about the coronavirus, while the euro nursed losses after the European Central Bank disappointed by not cutting rates.
Published 14 Mar, 2020 12:00am
Dollar surges against yen, others in Europe
Money & Banking

Dollar surges against yen, others in Europe

The dollar rallied on Friday, gaining sharply versus the yen, as stock markets rebounded and investors welcomed signs that governments and policymakers were prepared to do more to tackle the economic shock of the coronavirus.
Published 14 Mar, 2020 12:00am
Early trade in New York: Dollar rallies; yen plummets
Money & Banking

Early trade in New York: Dollar rallies; yen plummets

The dollar advanced on Friday, posting sharp gains against the safe-haven yen as stock markets recovered globally and investors cheered efforts made by governments and policymakers to address the economic fallout from the coronavirus outbreak.
Published 14 Mar, 2020 12:00am
Euro slides, yen and franc remain in demand in New York
Money & Banking

Euro slides, yen and franc remain in demand in New York

The euro weakened on Thursday, as investors were unimpressed by the European Central Bank's stimulus measures to fight the economic fallout from the coronavirus outbreak, with investors flocking to the safe-haven dollar after the Federal Reserve said it w
Published 14 Mar, 2020 12:00am
Turkish lira steady
Money & Banking

Turkish lira steady

The Turkish lira traded steady at 6.32 against the dollar early on Friday after the government took measures to curb the spread of coronavirus, closing schools and universities and deciding to hold sports events without spectators.
Published 14 Mar, 2020 12:00am
South Africa's rand recovers
Money & Banking

South Africa's rand recovers

South Africa's rand rallied on Friday afternoon as the flush of liquidity pumped into markets by central banks overseas spurred flows back into emerging currencies after the coronavirus sell-off. At 1430 GMT, the rand was 2.06% firmer at 16.2300 per dolla
Published 14 Mar, 2020 12:00am
Most Asian currencies weaken
Money & Banking

Most Asian currencies weaken

Most Asian currencies fell against a firmer dollar on Friday, with the Indonesian rupiah and the South Korean won declining the most, as intensifying panic over the coronavirus outbreak sent investors scurrying into the world's reserve currency.
Published 14 Mar, 2020 12:00am
Bitcoin surges a fifth as markets rebound
Money & Banking

Bitcoin surges a fifth as markets rebound

Bitcoin surged by more than a fifth on Friday amid high volatility across rebounding global markets, reversing some of its heavy losses from a day earlier but still leaving the cryptocurrency down nearly 30% since the start of the week.
Published 14 Mar, 2020 12:00am
Sterling hits five-month lows on broad dollar rebound
Money & Banking

Sterling hits five-month lows on broad dollar rebound

The pound weakened to a five-month low on Friday, erasing earlier gains, as the dollar rallied across the board in volatile trading. The dollar had sunk in Asian and early London sessions, then regained all its losses and went onto post sharp gains agains
Published 14 Mar, 2020 12:00am
Aussie, kiwi left broken in global rush from risk
Money & Banking

Aussie, kiwi left broken in global rush from risk

The Australian and New Zealand dollars lay bloodied at 11-year lows on Friday as panicked investors fled risk in all forms and dumped currencies with exposure to global trade or commodities. As the spread of the coronavirus disrupts travel worldwide and a
Published 14 Mar, 2020 12:00am
London Marathon postponed until October 4
Other

London Marathon postponed until October 4

The 40th edition of the London Marathon has been postponed from April 26 to October 4, race organisers announced on Friday due to the health crisis caused by the spread of the new coronavirus.
Published 14 Mar, 2020 12:00am
Formula One in turmoil as three races scrapped on eve of season
Other

Formula One in turmoil as three races scrapped on eve of season

Formula One's season was thrown into turmoil Friday with the Australian Grand Prix cancelled just hours before cars were due to hit the track, and races in Vietnam and Bahrain subsequently called off as well as the coronavirus pandemic takes its toll.
Published 14 Mar, 2020 12:00am
IPL postponed as virus fears mount
Cricket

IPL postponed as virus fears mount

The Indian Premier League, the world's most lucrative cricket competition, on Friday postponed the start of this year's tournament amid mounting anxiety in India over the coronavirus pandemic.
Published 14 Mar, 2020 12:00am
PCB allows foreign players to leave remaining PSL matches
Cricket

PCB allows foreign players to leave remaining PSL matches

A day after the decision made by Pakistan Cricket Board (PCB) to organize HBL PSL V 2020 matches behind closed doors in Karachi due to coronavirus threats, 14 foreign players and coaching staff have withdrawn the Pakistan Super League tournament.
Published 14 Mar, 2020 12:00am
ICC to hold its meetings via conference call only
Cricket

ICC to hold its meetings via conference call only

In the wake of the continued global spread of COVID-19, the International Cricket Council (ICC) Board, has decided to hold its meetings scheduled for Dubai at the end of March via conference call only.
Published 14 Mar, 2020 12:00am
Sporting calendar shredded as coronavirus ravages top events
Other

Sporting calendar shredded as coronavirus ravages top events

The collapse of sports events worldwide gathered pace Friday with England's Premier League, Europe's Champions League and the Augusta Masters golf major among competitions swept aside by the coronavirus pandemic.
Published 14 Mar, 2020 12:00am
Coronavirus impact on economy 'short-term issue': Mnuchin
Global Business Economy

Coronavirus impact on economy 'short-term issue': Mnuchin

President Donald Trump is "very close" to reaching a stimulus agreement with US lawmakers to fight the coronavirus outbreak's economic damage that has sent markets plunging and disrupted businesses, Treasury Secretary Steven Mnuchin said Friday.
Published 14 Mar, 2020 12:00am
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