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Print - 2020-04-13
Air France repatriation flight damaged

Air France repatriation flight damaged

An Air France plane that was to have repatriated French citizens from the Republic of Congo back to Paris amid the coronavirus epidemic was damaged by gunfire while on the airport tarmac, the airline and sources said Sunday.
Published 13 Apr, 2020 12:00am
Joe Biden wins Alaska primary

Joe Biden wins Alaska primary

Joe Biden, the presumptive Democratic presidential nominee, was declared winner of the Alaska primary late Saturday after the state shifted to postal voting due to the coronavirus pandemic.
Published 13 Apr, 2020 12:00am
14 deaths reported across country: Zafar

14 deaths reported across country: Zafar

Special Assistant to the Prime Minister on Health Services Dr Zafar Mirza on Sunday warned the nation to be extra vigilant as the last 24 hours proved quite heavy after 14 deaths were reported across the country due to Covid-19 pandemic and the rise in lo
Published 13 Apr, 2020 12:00am
UAE warns on worker repatriation

UAE warns on worker repatriation

Saudi Arabia indefinitely extended a curfew due to the coronavirus on Sunday amid a surge of new infections, and the United Arab Emirates warned of possible action against countries refusing to allow migrant workers to be repatriated.
Published 13 Apr, 2020 12:00am
Pope marks 'Easter of solitude' in virus lockdown

Pope marks 'Easter of solitude' in virus lockdown

Pope Francis broke with centuries of tradition to livestream Easter Sunday mass to those suffering in the solitude of a coronavirus lockdown that forced the world's Catholics to improvise on their holiest day.
Published 13 Apr, 2020 12:00am
Bulls again on driving seat
Stocks

Bulls again on driving seat

Pakistan Stock Exchange recovered some of its losses during the outgoing week ended on April 10, 2020 on the back of fresh buying by local investors and institutional support.
Published 13 Apr, 2020 12:00am
Energy sector circular debt touches Rs 2 trillion

Energy sector circular debt touches Rs 2 trillion

The country's energy sector circular debt has touched whopping level of Rs 2 trillion as failures are witnessed starting from generation, transmission distribution and recovery.
Published 13 Apr, 2020 12:00am
Economic stimulus package: PM briefed about progress

Economic stimulus package: PM briefed about progress

Adviser to the Prime Minister on Finance Dr Abdul Hafeez Shaikh on Sunday called on Prime Minister Imran Khan and briefed him about the progress on economic stimulus package.
Published 13 Apr, 2020 12:00am
Country facing recession prospect

Country facing recession prospect

Pakistan may fall into a recession with the real GDP for fiscal year 2020 could contract by 2.2 percent and a painful decline in per-capita income, says the World Bank (WB).
Published 13 Apr, 2020 12:00am
PM calls for global initiative on debt relief

PM calls for global initiative on debt relief

Prime Minister Imran Khan on Sunday appealed for a "Global Initiative on Debt Relief" saying that Covid-19 pandemic has posed unprecedented health and economic challenges.
Published 13 Apr, 2020 12:00am
IPPs reject allegations of wrongdoings

IPPs reject allegations of wrongdoings

Independent Power Producers (IPPs) have brushed aside all allegations of wrongdoings in the purported inquiry committee report tailored by a committee.
Published 13 Apr, 2020 12:00am
What was behind fixation of sugarcane price, sugar export?

What was behind fixation of sugarcane price, sugar export?

The newly-appointed Minister for Industries and Production, Hammad Azhar is reportedly going through all the documents of Sugar Advisory Board (SAB) which led to fixation of sugarcane price and sugar export, well informed sources told Business recorder
Published 13 Apr, 2020 12:00am
Johnson says 'no question' medics saved his life

Johnson says 'no question' medics saved his life

British Prime Minister Boris Johnson left hospital on Sunday and thanked staff for saving his life from COVID-19, but his government was forced to defend its response to the coronavirus outbreak as the national death toll passed 10,000.
Published 13 Apr, 2020 12:00am
Taliban set to release first prisoners in fragile Afghan exchange

Taliban set to release first prisoners in fragile Afghan exchange

In what appeared some breakthrough in peace process between the Afghan government and the Taliban, the armed group announced on Sunday that it will be freeing 20 prisoners of the Kabul administration in response to the earlier releases of 200 Taliban pris
Published 13 Apr, 2020 12:00am
Indian troops deliberately targeting civilians

Indian troops deliberately targeting civilians

Director General Inter Services Public Relations (DG ISPR) Major General Babar Iftikhar Sunday said the Indian Army troops resorted to unprovoked ceasefire violation late last night along the Line of Control (LoC) and Working Boundary in Chirikot and Shak
Published 13 Apr, 2020 12:00am
Ahfaz-ur-Rahman passes away

Ahfaz-ur-Rahman passes away

Renowned journalist, writer and poet Ahfaz ur Rehman passed away early on Sunday at the age of 78 after a prolonged illness.
Published 13 Apr, 2020 12:00am
OPEC, Russia approve biggest ever oil cut

OPEC, Russia approve biggest ever oil cut

OPEC, Russia and other oil producing nations agreed on Sunday to cut output by a record amount, representing around 10% of global supply, to support oil prices amid the coronavirus pandemic.
Published 13 Apr, 2020 12:00am
Striking a delicate balance
Letters

Striking a delicate balance

The announcement of a comprehensive construction promotion package by prime minister Imran Khan is a decision in the right direction. Elevating this sector's status to an industry would certainly attract more investors and an increased economic activity i
Published 13 Apr, 2020 12:00am
Oil prices, virus, instability put Algeria on edge
Articles

Oil prices, virus, instability put Algeria on edge

Algeria faces economic and social turmoil if crude prices continue to collapse, experts have warned, with the oil-dependent country reeling from a year of popular protests, political turmoil and now, coronavirus.
Published 13 Apr, 2020 12:00am
A silver lining in the Covid-19 clouds
Articles

A silver lining in the Covid-19 clouds

Clouds obscure the sun. The horizon becomes grey and dark. It seems all ominous. However, rays of sunlight do break through eventually to make the world seem brighter. While Covid-19 has darkened the lights and sounds of the hustling bustling world, it ha
Published 13 Apr, 2020 12:00am
Sugar under greater focus
Articles

Sugar under greater focus

While the poor and the vulnerable continue to grapple with the serious implications of the Coronavirus that has compromised their ability to feed their families prompting the government to disburse cash to meet their daily needs the media and peoples' rep
Published 13 Apr, 2020 12:00am
Need for better social messaging

Need for better social messaging

A picture is worth a thousand words. That old adage has assumed special significance in these trying times of coronavirus, as President Arif Alvi may have learned to his chagrin when a picture showing him wearing an N-95 mask at an official meeting in Lah
Updated 14 Apr, 2020 09:29am
Rs1.2trn package: a misnomer?

Rs1.2trn package: a misnomer?

The much-touted 1.2 trillion rupee relief package announced by the government appears to be a misnomer as it not only restates budgeted expenditure envisaged as far back as in June 2019, at least five months before news of the Coronavirus began to filter
Updated 14 Apr, 2020 09:29am
WEEKLY COTTON REVIEW: Business activities remain suspended
Cotton & Textile

WEEKLY COTTON REVIEW: Business activities remain suspended

Increasing trend was witnessed in the international cotton markets. Like textile mills of Punjab textile mills of Sindh hinted to start operations partially. State Bank of Pakistan has announced a refinance scheme for the payments of salaries to the worke
Published 13 Apr, 2020 12:00am
Bilawal greets Christian community on Easter

Bilawal greets Christian community on Easter

Chairman, Pakistan Peoples Party, Bilawal Bhutto Zardari has extended greetings to the Christian community in Pakistan and the world over on the Easter being celebrated on Sunday In his message, the PPP Chairman said that this Easter was being celebrated
Published 13 Apr, 2020 12:00am
Two more die as 93 new cases surface: Murad

Two more die as 93 new cases surface: Murad

Sindh Chief Minister Syed Murad Ali Shah has said that 93 new cases of Coronavirus have been detected while two more patients succumbed to the infection during the last 24 hours.
Published 13 Apr, 2020 12:00am
SNGPL to donate Rs 38 million for Covid-19 relief activities
Energy

SNGPL to donate Rs 38 million for Covid-19 relief activities

Sui Northern Gas Pipelines Limited (SNGPL) has announced to donate Rs. 38 Million to support efforts in combating Coronavirus in the Country. The Company Board of Directors accorded approval for the donation in its meeting held on April 11, 2020 at the He
Published 13 Apr, 2020 12:00am
Ration distribution: Process should not be used for publicity: minister

Ration distribution: Process should not be used for publicity: minister

Sindh Minister for Information, Local Government, Housing & Town Planning, Religious Affairs, and Forest & Wildlife Syed Nasir Hussain Shah on Sunday said that focus of the Sindh government was to slow down the spread of the Coronavirus (Covid-19) to save
Published 13 Apr, 2020 12:00am
Reopening markets: Jewellers distance themselves from calls

Reopening markets: Jewellers distance themselves from calls

Distancing itself from the calls of other trader associations for reopening shops and markets amid deteriorating financial condition of people, the Lahore Division Sarafa and Jewellers Association (LDS&JA) has announced to completely support of the govern
Published 13 Apr, 2020 12:00am
Buzdar participates in Christian community festivities

Buzdar participates in Christian community festivities

Chief Minister Punjab Sardar Usman Buzdar participated in the Christian community festivities on the eve of Easter and sent cake gifts to the leaders of Christian community and also congratulated them on their Easter.
Published 13 Apr, 2020 12:00am
Christians celebrate Easter in lockdown

Christians celebrate Easter in lockdown

The Christian community in Karachi on Sunday celebrated the Easter amid COVID-19 fears and lockdown. People mostly opted to stay at homes and arranged small gatherings at rooftops of their buildings to mark the day, as the provincial government has impose
Published 13 Apr, 2020 12:00am
NSC meeting to decide fate of lockdown: Yasmeen

NSC meeting to decide fate of lockdown: Yasmeen

Provincial Health Minister Dr Yasmeen Rashid said on Sunday that the final decision on extending the lockdown will be made in the upcoming meeting of the National Security Council (NSC) and no respite will be allowed to areas having more coronavirus cases
Published 13 Apr, 2020 12:00am
Life-saving health awareness messaging drive launched

Life-saving health awareness messaging drive launched

Alight Pakistan, an NGO, with the collaboration of the National Commission for Human Development (NCHD) and Pakistan Alliance for Girls Education (PAGE) has launched a six-week life-saving health awareness messaging campaign titled "InOurHands" on social
Published 13 Apr, 2020 12:00am
Jirga demands end to lockdown to allow business activities

Jirga demands end to lockdown to allow business activities

Peshawar Qaumi Jirga, a grand civil society organization of the provincial metropolis of Khyber Pakhtunkhwa, has demanded the KP government to immediately end the lockdown to allow business activities.
Published 13 Apr, 2020 12:00am
Fear, anxiety caused by coronavirus: Counselling Centre set up at LGH

Fear, anxiety caused by coronavirus: Counselling Centre set up at LGH

Psycho-Counselling Centre has been set up at Lahore General Hospital to address the maximum fear and anxiety caused by the Corona Virus outbreak and the psychological problems that result from it. Principal Post Graduate Medical Institute Prof. Dr. Sardar
Published 13 Apr, 2020 12:00am
Sarwar blames opposition for resorting to political stunts

Sarwar blames opposition for resorting to political stunts

Punjab Governor Chaudhry Mohammad Sarwar has said that opposition is hurting national solidarity in the war against corona pandemic by resorting to political stunts that is not the right way to approach such a serious issue.
Published 13 Apr, 2020 12:00am
Toronto stock market to recoup recent losses
Stocks

Toronto stock market to recoup recent losses

Toronto's stock market is set to recoup recent losses and continue climbing but the coronavirus outbreak and its impact on global growth could hold back prospects for a steeper uplift in valuations, a Reuters poll found.
Published 13 Apr, 2020 12:00am
Russian stocks to reach new highs in 2020
Stocks

Russian stocks to reach new highs in 2020

Russia's stock market is forecast to surpass record levels reached in January by the end of this year, a Reuters poll of market experts showed, but concerns over the effects of China's coronavirus epidemic are causing uncertainty.
Published 13 Apr, 2020 12:00am
Offshore holdings of Chinese bonds edge up last month
Stocks

Offshore holdings of Chinese bonds edge up last month

Foreign investors were net buyers of Chinese government bonds in March, new data showed on Thursday, but they added to their holdings at the slowest pace in more than a year as pandemic-driven panic prompted a global flight to liquidity.
Published 13 Apr, 2020 12:00am
Foreign holding of South Africa bonds sinks to four-year low
Stocks

Foreign holding of South Africa bonds sinks to four-year low

South Africa's bond yields soared on Friday and the rand crashed to all-time lows as the growing likelihood of a global recession due to the spreading novel coronavirus compounded concerns about the local economy following a ratings downgrade to junk.
Published 13 Apr, 2020 12:00am
Royal London suspends two property funds
Stocks

Royal London suspends two property funds

Investment manager Royal London has suspended dealings in its Royal London Property Fund and Royal London Property Trust with effect from March 31, it said in a notice on its website.
Published 13 Apr, 2020 12:00am
Saudi shares fall after OPEC+ output deal falters
Stocks

Saudi shares fall after OPEC+ output deal falters

Saudi Arabia's stock market closed lower on Sunday following eight winning sessions as investors paused after OPEC and other oil producing countries struggled to finalise a record deal to cut output and support crude prices.
Published 13 Apr, 2020 12:00am
Essential food items: KP government taking steps for home delivery

Essential food items: KP government taking steps for home delivery

The provincial government of Khyber Pakhtunkhwa is taking steps for home delivery of the essential food items like fruits and vegetables etc through online app to the people. This was stated during a meeting of the Agriculture & Livestock Department held
Published 13 Apr, 2020 12:00am
FDA to complete Rs70m uplift schemes of roads under PM's SDP

FDA to complete Rs70m uplift schemes of roads under PM's SDP

Under the Prime Minister's Sustainable Development Programme (SDP), the five uplift schemes of improvement of carpet roads and construction of streets in the different localities of the city would be completed with Rs70 million fund under the supervision
Published 13 Apr, 2020 12:00am
600 Americans leave Pakistan

600 Americans leave Pakistan

As there is no let up in Covid-19 case in the country, evacuation of US citizens in Pakistan continued, as some 600 Americans were flown out of the country through special flights on April 10 and 12, respectively.
Published 13 Apr, 2020 12:00am
Motorsport great Moss dies aged 90

Motorsport great Moss dies aged 90

Motorsport great Stirling Moss has died aged 90 following a long illness, the British driver's wife announced Sunday.
Published 13 Apr, 2020 12:00am
China toughens restrictions on border with Russia

China toughens restrictions on border with Russia

Chinese cities near the border with Russia said on Sunday they would tighten border controls and quarantine measures on arrivals from abroad after the number of imported cases of COVID-19 hit a record high.
Published 13 Apr, 2020 12:00am
China chasing coronavirus praise from Germany

China chasing coronavirus praise from Germany

Chinese representatives tried to influence German government officials to give positive comments about Beijing's management of the coronavirus outbreak, Germany's Die Welt newspaper reported Sunday.
Published 13 Apr, 2020 12:00am
Japanese PM criticised as tone deaf after lounge-at-home Twitter video
IT & Computers

Japanese PM criticised as tone deaf after lounge-at-home Twitter video

Japanese Prime Minister Shinzo Abe on Sunday drew an angry response from some Twitter users after sharing a video of himself lounging on a sofa with his dog, drinking tea and reading, with a message telling people to stay at home. "Who do you think you ar
Published 13 Apr, 2020 12:00am
Canadian lawmakers approve vast economic aid plan
Global Business Economy

Canadian lawmakers approve vast economic aid plan

Canadian lawmakers passed a wage subsidy program Saturday heralded as the largest economic measure in the country since World War II, to help businesses and their employees get through the coronavirus crisis.
Published 13 Apr, 2020 12:00am
Wet markets in Wuhan struggle to survive coronavirus blow
Global Business Economy

Wet markets in Wuhan struggle to survive coronavirus blow

Fish and vegetable merchants are reopening stalls at wet markets in China's central city of Wuhan as it lifts a months-long lockdown against the coronavirus pandemic, but their future looks uncertain with few customers as the virus stigma persists.
Published 13 Apr, 2020 12:00am
JPMorgan Chase to raise mortgage borrowing standards
Stocks

JPMorgan Chase to raise mortgage borrowing standards

JPMorgan Chase & Co, the country's largest lender by assets, is raising borrowing standards this week for most new home loans as the bank moves to mitigate lending risk stemming from the novel coronavirus disruption.
Published 13 Apr, 2020 12:00am
US airlines want Treasury to scrap proposal to make some grant money repayable
Global Business Economy

US airlines want Treasury to scrap proposal to make some grant money repayable

Major US airlines were urging Treasury officials and the federal government's outside advisers on Saturday to scrap or revise a proposal that would make part of the $25 billion earmarked by Congress to help keep workers on the payroll repayable in the for
Published 13 Apr, 2020 12:00am
The Weather

The Weather

The weather report on Sunday (April 12, 2020) and the forecast for Monday (April 13, 2020).

Published 13 Apr, 2020 12:00am
Your rupee last week
Rates

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (April 6 to 10, 2020).

Published 13 Apr, 2020 12:00am