Minister for Planning, Development and Special Initiatives Asad Umar has said that it is essential for the government to strike a balance between preventing the spread of the coronavirus and keeping the economy running.
A meeting on the coronavirus chaired by Prime Minister Imran Khan on Tuesday decided that private hospitals must also be bound to allocate specific number of beds and other facilities for coronavirus patients.
The federal government has launched a countrywide data survey regarding the distribution of financial assistance to the deserving public in line with Prime Minister Imran Khan's initiative to launch Economic Package for the less privileged masses in the b
The government decision to provide cash transfer to those earning up to Rs20,OOO monthly through Ehsaas Programme may take weeks owing to verification and registration process.
Commerce Ministry has claimed that Pakistan will face export loss of $ 2 billion, besides delayed payments due to outbreak of coronavirus in Europe and United States of America.
Emergency field hospitals are going up in Central Park and at the home of the US Open as the number of coronavirus deaths in America surpassed on Tuesday those reported by China.
Port terminal operators have appeared reluctant to waive port charges from the importers for a period of lockdown announced by provincial government to avert the spread of COVID-19 in the country.
Sindh Chief Minister Syed Murad Ali Shah has said that 61 new cases of the coronavirus have been detected in the last 24 hours, taking the total number of cases in the province to 627.
Developing countries, including Pakistan, will be hit hardest by the economic shockwaves caused by the novel coronavirus crisis that has shaken the world and will need a support package of up to $2.5 trillion to cope with the damage, a United Nations repo
The Group of 20 major economies said on Tuesday that they would present a coronavirus action plan in two weeks to address the debt vulnerabilities of the poorest countries and deliver financial aid to emerging economies.
Prime Minister Imran Khan Tuesday deferred the formal launch of 'Corona Relief Tiger Force' till today (Wednesday) amid strong reservations expressed by opposition political parties.
Opposition political parties on Tuesday rejected Prime Minister Imran Khan's initiative - formation of "Corona Relief Tiger Force" - and instead proposed setting up of a "Parliamentary Monitoring Committee" to prevent the possible distribution of the fund
The United States has allowed Russian, Chinese and European companies to continue their work at Iranian nuclear sites to make it harder for Tehran to develop nuclear weapons, the US State Department said on Monday.
The Federal Board of Revenue (FBR) has provisionally collected Rs3,063 billion during July-March (2019-2020) against the revised target of Rs3,521 billion, reflecting a shortfall of Rs458 billion.
The government is likely to constitute a committee under the chairmanship of Minister for Power, Omar Ayub Khan to negotiate with Independent Power Producers (IPPs) for waiver of capacity charges of CPPA-G voluntarily to lower cost of generation, well-inf
The Overseas Investors Chamber of Commerce and Industry (OICCI) has urged the federal government and provinces to ease the Coronavirus lockdown restrictions and facilitate exporters, as well as manufacturers, transporters, distributors and retailers of es
Opposition leader and PML-N leader Shahbaz Sharif on Tuesday made telephonic contacts with opposition leaders and held consultations with regard to formation of parliamentary monitoring committee on coronavirus.
India sealed off the headquarters of a Muslim missionary group on Tuesday and ordered an investigation into accusations it held religious meetings that officials fear may have infected dozens of people with the coronavirus.
The Federal Board of Revenue (FBR) has further extended the last date for payment of sales tax and the federal excise duty up to April 12, 2020 to facilitate business community.
Jang Group chairman and publisher Mir Javed, who is also the brother of Jang Group and Geo TV owner Mir Shakil, passed away at a private hospital here Tuesday.
This is apropos a Business Recorder op-ed "Origins and challenges of coronavirus pandemic" carried by the newspaper yesterday. The writer, Rashed Rahman, has ably explained the China 'model' and the contrasting approaches to dealing with the challe
If the 2008 financial crisis is any guide, world markets - which have barely had time to recover from the dollar's 9% surge in mid-March - may be set for another damaging bout of strength in the greenback.
The reported claim by the SBP Governor and Dr Hafeez Sheikh that the main selling point for a high discount rate is its linkage to the rate payable by the National Savings Centres (NSCs) to domestic savers (widows and pensioners) is also challengeable. Tr
Focusing exclusively on public health rather than trying to strike a balance between human and economic health, China seems to have succeeded by March 15, in preventing, to a large extent, Covid-19 spreading exponentially in the mainland since it first st
Exactly a month after the Islamabad High Court (IHC) granted him bail in the LNG terminal reference case, an accountability court issued non-bailable arrest warrants for former prime minister Shahid Khaqan Abbasi in a fresh case. This time, the National A
The government has done the right thing by lifting the ban on inter-provincial transport of goods even as the number of infected cases and deaths from the coronavirus increases by the day. Not only will this decision help meet demand for essential items a
In a formal televised address to the nation Prime Minister Imran Khan announced the establishment of Prime Minister's fund dedicated to dealing with the Coronavirus in National Bank of Pakistan (NBP). Critics who are dishing this proposal as one which was
The Women University Swabi, which will remain closed till May 30, has started online classes by shifting more than 400 courses of all the 18 departments on Google classrooms and online lectures.
The Islamabad High Court (IHC) on Tuesday directed the National Accountability Bureau (NAB) to file reply in the bail petitions of Omni Group head Khawaja Anwar Majeed, and Khursheed Anwar Jamali. A two-member bench of the IHC comprising Chief Justice Ath
The Accountability Court hearing multi-billion-rupee fake bank accounts case on Tuesday rejected former president Asif Ali Zardari's sister Faryal Talpur's plea to unfreeze her bank accounts.
A cheque presentation ceremony was held at the Sindh Bank Head Office on March 30. The contribution was from the Karachi Water & Sewerage Board (KWSB) for Rs 22,173,913 for the Sindh Government Coronavirus Emergency Fund.
The Supreme Court on Tuesday dismissed the bail application of a murder convict. A two-judge bench, headed by Justice Umar Ata Bandial heard the bail appeal of Javed Akhtar. Latif Khosa advocate, representing the petitioner, Javed Akhtar argued that one y
Pakistan International Airlines (PIA) will take a decision on Wednesday (April 1) to allow two special repatriation flights of the national flag carrier for Canadian citizens. However, the decision to allow the PIA to fly special flights to three other in
In the wake of rapid increase in the number of coronavirus cases in the country in general, and the capital city in particular, the Islamabad Capital Territory (ICT) Administration has decided to further tighten the lockdown in order to control the spread
The Chairman of All Pakistan Timber Traders Association (APTTA), Muhammad Sharjeel Goplani, has said that the State Bank of Pakistan should advise the commercial banks not to charge any markup since the announcement of the lockdown.
Sindh Minister for Information Syed Nasir Hussain Shah, while reacting to Prime Minister Imran Khan's decision to form a "tiger force" to stop the spread of the coronavirus, said that Imran Khan had already used the name "tiger" on previous occasions, and
Muttahida Qaumi Movement-Pakistan (MQM-P) convener Dr. Khalid Maqbool Siddiqui said on Tuesday that his party would not leave the people alone in the present crisis caused by the coronavirus.
Chairman Pakistan Chemicals & Dyes Merchants Association (PCDMA) and former director Karachi Stock Exchange, Amin Yousuf Balgamwala has urged the Chairman Federal Board of Revenue to waive all notices including income tax, sales tax, WHT and all proceedin
The mutual effective measures is being taken to cope up the coronavirus , Tharparkar district is still safe from the coronavirus with the team work done by the District Administration, departments concerned and law enforce agencies and all the measures ha
While the country is combating coronavirus pandemic, Pakistan Navy has also lined-up its resources to counter implications of Corona virus across the country. In this perspective, Pakistan Navy has decided to contribute in Corona Relief Fund.
Mayor of Karachi Wasim Akhtar on Tuesday distributed food in UC-26, I. I. Chundrigar Road and directed the union committee chairmen to do the same in their areas.
The country's $450-million seafood export business seeks an electricity tariff structure similar to those of the five zero-rated sectors, saying that the "injustice" against the seafood processing industry should end, exporters said on Tuesday.
All Pakistan Textile Mills Association (APTMA) has said that that the entire textile sector is in crisis as majority of export orders have either been deferred or cancelled.
Federal Board of Revenue has issued a statement wherein it has been appealed to the taxpayers to pay their due taxes in time to increase the revenue resource of the government. The government will utilize the resources to effectively provide services to t
The government has assured Pakistan Engineering Council (PEC) of full support for manufacturing and marketing of engineering and surgical products, but no incentive package is currently under consideration for the sector.
The Oil and Gas Regulatory Authority (OGRA) has slashed the price of indigenous liquefied petroleum gas (LPG) by Rs462.78 per 11.8kg domestic cylinder for the month of April 2020, due to low consumption and decline in petroleum price globally.
Over 14,000 Afghanistan-bound containers loaded with transit trade and Pakistani export goods are stranded at Chaman and Torkham border crossings and Karachi port due to the closure of Pakistan's border with Afghanistan as a precautionary measure against
In response to a number of complaints regarding online classes in some universities, the Higher Education Commission (HEC) has asked for detailed information on these courses in order to inspect the quality of the content, delivery, and connectivity.
Chinese Energy Engineer Group, Jiangsu Power Design Institute Company Limited, has donated 10,000 medical face masks for the employees of National Transmission and Dispatch Company (NTDC) to keep them protected from Coronavirus while performing their duti
Unapproved statutes of the Punjab's public sector universities are the biggest hurdle in implementation of the orders of governor vis-à-vis appointments of registrars, controllers' examination and treasurers of the public sector universities in Punjab.
Taking notice of rice exporters' complaints, Sindh government has made it clear that there is no ban on the movement of essential food commodities except transportation of wheat which is being regulated by the Sindh Food department.
Punjab Chief Minister Sardar Usman Buzdar on Tuesday said that 1000-bedded Hospital at Expo centre Lahore will be made functional from Wednesday (today) and situation with regard to medical and administrative affairs is under control in the province of Pu
The Pakistan Railways (PR) has extended the suspension of all passenger trains which was expiring at 12:00 midnight till further order. Extending the notification earlier issued, Chairman Railways Habib-ur-Rehman said that the passengers, who had booked t
Pakistan People Party (PPP) Punjab has deferred its video-link All Parties Conference (APC) for a day. This APC will now take place on Wednesday (today), said Hassan Murtaza, spokesman of PPP Punjab.
An accountability court on Tuesday allowed transit remand of Jang group editor-in-chief Mir Shakilur Rehman to attend funeral of his elder brother in Karachi.
Foreign Minister Makhdoom Shah Mehmood Qureshi said on Tuesday that government was trying to get loans rescheduled from International Monetary Fund (IMF), World Bank (WB) and Asian Development Bank (ADB) to deal coronavirus pandemic effectively. "The resc
Punjab Higher Education Commission Committee in its meeting on Tuesday gave go a head to the universities of the Punjab to start online and blended teaching learning process ensuring compliance to minimum requirements and facilities available at the campu
Punjab Chief Secretary Azam Suleman Khan has directed that the ongoing disinfection campaign should be divided into two zones and the process of cleaning and disinfecting roads, mosques and public places be completed at the earliest.
Three dedicated centres have been set up in Lahore for treatment of COVID-19 patients and the remuneration package has been doubled for doctors serving here.
The Government of Pakistan is in constant touch with the Iranian government on the issue of zaireen (pilgrims) and is working together through mutual consultation to facilitate the stranded Pakistani citizens, the Foreign Office said.
Chief Secretary (SC) Balochistan Captain Fazeel Asghar (retd) on Tuesday said at least 1854 of Zahireen have been tested from 5000 visitors in which 158 test reports were diagnosed positive as 19 patients of them were recovered from the virus.
Mar.31-Khyber Pakhtunkhwa Textile Mills Association (KPTMA) has demanded of the provincial government for the exemption of textile mills of holidays or allowing operation at least for minimum level to fulfill the demands of exporters.
Berger Paints Pakistan (PSX: BERG) began its operations three years after the inception of Pakistan- in 1950. It later became a public limited company in 1974.
The US dollar's share of currency reserves reported to the International Monetary Fund fell to 60.8% in the fourth quarter last year from the previous quarter, data released on Tuesday showed.
Huawei said Tuesday it had sustained solid growth in its global businesses in 2019 despite a US campaign to isolate the Chinese tech giant, but warned of its "most difficult year" ahead.
President Donald Trump called Tuesday for a $2 trillion infrastructure package, saying cheap credit now allows for a "bold" initiative just when the US economy is reeling from the coronavirus shutdown.
Chinese factory activity saw surprise growth in March as businesses grind back to work following a lengthy shutdown but analysts said the economy faces a challenging recovery as external demand is devastated by coronavirus, while the World Bank warned gro
US consumer confidence dropped to a near three-year low in March as households worried about the economy's near-term outlook amid the coronavirus pandemic, which has upended life for Americans.
The International Monetary Fund said Tuesday its members have agreed to renew arrangements ensuring the fund has lending firepower, especially as the coronavirus pandemic creates a demand for financing.
The head of the investigation into the poisoning of Russian former double agent Sergei Skripal has been appointed as the next head of Britain's domestic intelligence agency.
Eighteen firefighters and one forestry guide died while fighting a huge forest fire in southwestern China, the local government said Tuesday. State television footage showed large flames shooting into the sky from the mountains above the city of Xichang i
US President Donald Trump and his Turkish counterpart Recep Tayyip Erdogan underlined Tuesday the need for ceasefires in Syria and Libya during the coronavirus pandemic, the White House said.
Former Republic of Congo president Jacques Joaquim Yhombi Opango died in France on Monday of the new coronavirus, his family told AFP. He was 81. Yhombi Opango, who led Congo-Brazzaville from 1977 until he was toppled in 1979, died at a Paris hospital of
The head of Moscow's main coronavirus hospital who met with President Vladimir Putin a week ago has tested positive, he said Tuesday, as the Kremlin announced the Russian leader's health was fine.
Methane, a powerful greenhouse gas, is leaking from industry sites at rates equivalent to the annual carbon emissions of France and Germany combined, a new analysis using satellite data showed Tuesday.
Czech authorities are testing a new IT system to quickly trace back the contacts of those infected with coronavirus to curb the spread, a spokeswoman said Tuesday.
European nations have delivered medical goods to Iran in the first transaction under the Instex mechanism set up to bypass American sanctions on Tehran, the German foreign ministry said Tuesday.
Japanese stock benchmark Nikkei dropped on Tuesday on growing fears that Tokyo could go into its first-ever lockdown as the global coronavirus crisis showed no signs of abating.
Most Gulf stock markets declined on Tuesday, as investors remained worried by the chronic weakness of oil prices and lockdowns across much of the world, while Saudi Arabia bucked the trend.
European stock markets regained more ground on Tuesday after a brutal selloff this month, with investors measuring the impact of massive official stimulus efforts against a near total shut down in global supply chains due to the coronavirus pandemic.
Wall Street steadied on Tuesday as investors returned to stocks that are likely to weather an economic slump due to the coronavirus pandemic that has put the S&P 500 on course for its worst first quarter since 1938.
US stocks rose on Monday, led in part by healthcare stocks as investors looked for shares that have become cheap and can withstand the impact to the economy from efforts to stem the spread of the coronavirus.
Indian shares closed higher on Tuesday, tracking broader Asian markets, but recorded their worst monthly and yearly performance in over a decade as the country grappled with disruption caused by the fast-spreading coronavirus.
UK shares rose on Tuesday as a recovery in oil prices and a surprise expansion in Chinese factory activity revived confidence in equity markets amid a deep selloff this month that set the FTSE 100 on course for its worst quarter since 1987.
Chinese shares edged up on Tuesday after the country reported a better-than-expected industrial activity, though fears of an economic fallout of the coronavirus pandemic led the stock market to its worst quarter since 2018.
The dollar climbed against major currencies on Tuesday amid quarterly and fiscal year-end demand from portfolio managers and Japanese firms. Analysts said the steep fall in US equity markets during the month of March led to increased buying of dollars for
The dollar climbed against a swathe of currencies on Tuesday amid fiscal year-end demand by Japanese firms while the Australian dollar slipped despite a Chinese survey showing manufacturing returned to growth in March.
Sterling rose on Tuesday as investors readjusted their portfolios at the end of the first quarter of 2020, although analysts said the currency remained fragile.
Russian wheat export prices jumped alongside European benchmarks last week while domestic prices were tempered by higher supply from farmers selling to raise cash for spring sowing, analysts said on Monday.
European wheat prices were steady on Monday as a strong export pace continued to support the market, while traders assessed the consequences of the coronavirus epidemic, including a plan by top wheat exporter Russia to cap grain shipments.
Chicago Board of Trade soyabean futures ended mixed on Monday as worries that the coronavirus pandemic could curb South American soya shipments largely offset spillover pressure from the sinking corn market, traders said.
Iron ore futures in China and Singapore fell on Monday on renewed doubts over whether massive worldwide stimulus measures will be enough to buttress a global economy hammered by the coronavirus pandemic.
The Karachi Port handled 71,018 tonnes of cargo comprising 33,718 tonnes of import cargo and 37,300 tonnes of export cargo including 2,584 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.