Heavy hail and rainstorm played havoc with standing crops of tobacco, wheat, vegetables and fruit orchards in Swabi, said reports pouring from the natural disaster affected district here on Sunday.
On the directions of the Punjab government, the price control magistrates checked the prices of essential commodities at markets, bazaars and mega stores and imposed fines of Rs 47,000 to 40 shopkeepers for overcharging on the first day of Ramazan.
In a significant international victory, the National Transmission and Despatch Company (NTDC), falling under the Ministry of Energy (Power Division), has prevailed in an international commercial arbitration initiated by an Iranian company (GAM ARAK Ind. C
The Federal Reserve already cut its benchmark lending rate to zero and made unprecedented moves to bolster liquidity as the coronavirus slammed the US economy, so it is not expected to do much besides project confidence at its policy meeting this week.
A five-year programme under Agriculture Emergency, a national programme for enhancing profitability through increasing productivity of rice has been launched in 15 rice growing districts of the Punjab costing Rs 6.63 billion.
Sri Lanka reversed plans to end its virus lockdown on Monday, extending it for another week after a spike in coronavirus infections led to a recall of military personnel on leave.
Pakistan Stock Exchange witnessed mixed trend during the outgoing week ended on April 24, 2020 as the investors remained sidelined due to their concerns over deadly coronavirus spread.
The Economic Coordination Committee (ECC) of the Cabinet is to approve a package for small business titled with" Chota Karobar Imdadi Package" on Monday (today).
Pakistan will allow the resumption of oil imports as it eases some coronavirus lockdown restrictions and as farmers start wheat harvesting, the energy ministry said.
The country's oil and gas sector is reportedly facing billions of loss every day due to onslaught of Covid-19 pandemic which has slowed economic activities across the world, sources close to Prime Minister Special Assistant on Petroleum told Business
Special Assistant to the Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan on Sunday said the forensic audit report of the inquiry into the wheat flour and sugar crisis would be made public, apprising the people of all the facts and fig
Five children aged between 9 to 14, including two brothers, lost their lives after drowning into a water-filled pit formed in an empty plot in the city's Surjani neighbourhood.
The US special envoy who brokered a deal with the Taliban called Sunday for the insurgents to implement a humanitarian ceasefire while Afghanistan tries to tackle its worsening coronavirus crisis.
The appointment of Abid Latif Lodhi as Chief Executive Officer (CEO), Central Power Purchasing Agency -Guaranteed (CPPA-G), is unlikely as several cabinet members have shown dissatisfaction at his previous record, well informed sources told Business Re
Sindh Minister for Information, Local Government, Housing & Town Planning, Religious Affairs, Forest and Wildlife Syed Nasir Hussain Shah has said that the Sindh government has written a letter to the Federal Investigation Agency's cyber crime cell to inv
President Dr Arif Alvi paid a surprise visit to multiple mosques in Rawalpindi Saturday night to look over preparations for taraweeh prayers in the city.
Former captain Saleem Malik on Sunday assured unconditional cooperation to Pakistan Cricket Board (PCB) and International Cricket Council (ICC), insisting that he should be given a second chance like others.
This is apropos a Business Recorder editorial "Sacred resistance?" carried by the newspaper recently. The newspaper has concluded its argument in the following words: "So far the only country that seems to have won the war on coronavirus is China a
Six weeks after US President Donald Trump declared a national emergency over the spreading new coronavirus, the United States is deeply divided over the correct economic and health response.
Man is a social animal. Social isolation causes depression. Human interaction can never be replaced with machine interaction. Facebook can never substitute face to face. Virtual is not real. Human touch cannot to be compared with touch screen. And so on a
The State Bank of Pakistan's (SBP) report for the first half of the current financial year reiterated its unconditional support for the International Monetary Fund (IMF) programme conditions - a pledge restated in the one-page Monetary Policy Committee st
To lockdown or not to lockdown that is the question. But this question is largely relevant to urban population centres. The rural areas are not in lockdown, but even then they have lost freedom of movement and essential means to make both ends meet. The c
The State Bank of Pakistan (SBP) data uploaded on its website indicates that around one billion dollars of government debt securities (from three months to a year) have been purchased by foreign investors, mostly in the UK, which may have contributed to t
Karachi Metropolitan Corporation (KMC) has decided to defer to take rent from tenants of 7500 shops in 43 KMC markets, adding that the same would be charged in four-month installation. Talking to a delegation of All City Tajir Ittehad here, Mayor Karachi
A manifold increase in prices of essential food commodities, including live chicken/meat, gram flour (baisen) vegetable, pulses, fruits, dates, flour, beverages, ghee/cooking oil and others was witnessed in here retail market since advent of Ramazan, said
OLX Pakistan conducted a special online training in Pakistan recently for 28 business startups based in Peshawar from Wednesday, April 22 to Friday, April 24, 2020.
Special Assistant to Prime Minister on Health Affairs Dr Zafar Mirza said on Sunday that Pakistan Disaster Management Authority (PDMA) was providing medical supplies directly to the hospitals to deal with coronavirus pandemic.
As many as 250 stranded Pakistanis were repatriated Sunday from Australia through a special flight of Pakistan International Airline after they were stuck up due to closure of flight operation following outbreak of COVID-19.
With the government moving towards "smart lockdown" in coronavirus hotspots, the clamor for stricter lockdown restrictions to contain the spread of the deadly virus is growing louder.
Advisor to KP CM on Information, Ajmal Wazir has said that with the confirming of 85 new cases during last 24 hours the total number of coronavirus patients has reached to 1,793 with four more deaths have also been recorded from the deadly virus.
The sowing of cotton is successfully going on. Cotton production is expected to increase. The new crop of cotton is expected to start arriving partially from the month of June in Sindh. Export sector is demanding restoration of zero rated status.
At least nine terrorists were killed and one was apprehended in an intelligence-based operation (IBO) in Khaisura and Dossali areas of North Waziristan district late Saturday night.
The Special Investigation Unit Karachi on Sunday arrested six accused, involved in heinous crimes, from different parts of the megalopolis and recovered illegal arms, motorbikes and drugs from their possession.
Sindh Chief Minister Syed Murad Ali Shah has said that 383 new cases of coronavirus have been detected during last 24 hours which is the first highest figures of last 61 days of coronavirus emergency, February 26 to April 26.
Khyber Pakhtunkhwa Chief Minister Mehmood Khan has termed the health sector as the top priority of the provincial government for the Annual Development Program (ADP) of the next financial year.
District administration Peshawar has continued crackdown on the violators of the lockdown on Sunday and arrested 166 persons for keeping shops open in violation of restrictions in this regard.
Chinese enterprises and organizations teamed up in donating another load of 18 tons much-needed medical supplies to help Pakistan's health authorities prevent and control the Covid-19 epidemic.
The tea imports into the country witnessed declined 15.61 percent during the first three quarters of the current fiscal year (2019-20) as against the same period of last fiscal year, Pakistan Bureau of Statistics (PBS) reported.
The parliamentary committee on coronavirus pandemic is going to be held today (Monday) with Speaker National Assembly Asad Qaiser in the chair to discuss impact of lockdown on the overall economy of the country.
The number of cases with Covid-19 positive has been increasing in the field formations of the Federal Board of Revenue (FBR), as now 14 employees/officers of Regional Taxpayer Office (RTO) Quetta have been found infected with the virus.
Chief Minister Punjab Sardar Usman Buzdar censured that those enjoyed power for many decades could not handover even a strong healthcare system to the nation and announced to provide additional salary to doctors and paramedical staff giving treatment to c
Minister for Planning, Development, Reforms and Special Initiatives Asad Umar on Sunday sought feedback from provinces on compliance of Ramazan guidelines by masses as confirmed cases of coronavirus have risen to 13,165.
The Covid-19 pandemic has been spiralling around the globe crashing the economies, did not spare the Pakistan Stock Exchange (PSX), which in totality dipped 62 percent during the pandemic.
Punjab Governor Chaudhry Mohammad Sarwar has warned that the government will be left with no option but to take stringent measures, if the people did not take coronavirus pandemic seriously. "Easing lockdown to allow selected businesses does not mean that
The opposition Pakistan Muslim League-Nawaz president Shehbaz Sharif on Sunday blasted Prime Minister Imran Khan for the delay in Sugar Forensic Commission (SFC) report, and termed it 'proof of the prime minister's guilt'.
An Indian woman was allegedly gang raped in a school in the desert state of Rajasthan where she had been quarantined for a night by the police amid the nationwide coronavirus lockdown, a police official said on Sunday.
Yemeni separatists early Sunday declared self-rule of the country's south as a peace deal with the government crumbled, complicating a long and separate conflict with Huthi rebels who control much of the north.
Per Olov Enquist, one of Sweden's most acclaimed authors who wrote "The Visit of the Royal Physician," has died aged 85, his family told Swedish media on Sunday.
A special train possibly belonging to North Korean leader Kim Jong Un was spotted this week at a resort town in the country, according to satellite images reviewed by a Washington-based North Korea monitoring project, amid conflicting reports about Kim's
Germany's far-right AfD party on Sunday said it had suspended a longtime spokesman, reportedly after he described himself as a fascist and praised his "Aryan grandfather".
Beijing has banned "uncivilised" behaviour such as not covering the mouth and nose when coughing or sneezing, the city government said Sunday, in a new set of regulations to improve public hygiene amid the coronavirus outbreak.
The Chinese city of Wuhan, where the global coronavirus pandemic began, now has no remaining cases in its hospitals, a health official told reporters on Sunday.
More than four million students in Syria confined at home due to the coronavirus will not resume classes this year but will advance to the next grade, the government said Sunday.
Australia has launched a smartphone app to trace people who come in contact with coronavirus patients despite privacy concerns that authorities insisted Sunday were unwarranted.
China has confiscated over 89 million poor quality face masks, a government official said Sunday, as Beijing faces a slew of complaints about faulty protective gear exported worldwide.
Spanish children were allowed outside on Sunday for the first time in six weeks as countries eased lockdown measures in a bid to slowly reopen economies gutted by the coronavirus pandemic that has infected nearly three million people worldwide.
Market gauges measuring euro break-up risk emanating from Italy are starting to flicker, flagging the risk that another existential crisis may be building for the eurozone.
Major stock markets in the Gulf rose on Sunday, led by gains in banking shares, as some nations in the region eased coronavirus restrictions during the holy month of Ramadan.
Who needs physical money? The coronavirus pandemic has highlighted problems with cash, which is neither contactless nor clean. Some investors have turned their attention to so-called stablecoins like Tether and USD Coin. These dollar-backed cryptocurrenci
Investors are looking to ramp up wagers against already-battered commodity currencies, a sign that many believe a rebound in oil prices is nowhere in sight after this week's historic plunge in crude.
Foreigners sold Japanese equities during the week ended April 17, marking their tenth straight week of net selling, as economic damage from COVID-19 weighed on investor sentiment.
Brazilian stocks sank as much as 9.6%, and the real slid to new lows on Friday as political turmoil in the country added to mounting concerns over the coronavirus outbreak, while risk aversion ravaged Latin American markets.
Companies across a range of industries are slashing or suspending dividends to cope with the economic fallout from the coronavirus outbreak, complicating the stock selection process for money managers eager to buttress their portfolios with a steady strea
China's Yunnan province said on Sunday it would set aside 1 billion yuan ($141.22 million) to help businesses stockpile 800,000 tonnes of nonferrous metal as part of efforts to boost its real economy following the novel coronavirus outbreak.
Mercedes-Benz maker Daimler has seen business stabilise in China after the country ended coronavirus lockdowns, a senior manager at the German carmaker told a newspaper on Sunday.
The German government on Sunday switched to backing a coronavirus-tracing app using technology supported by Google and Apple, ditching a German-led alternative that had come under fire over privacy concerns.
Europe's 20 biggest commercial banks are not doing enough to fight climate change - but have made progress in recent years, a UK-based pressure group claimed on Sunday.
Hundreds of Bangladesh garment factories defied a nationwide coronavirus lockdown to reopen on Sunday, raising fears the industry's vulnerable and largely female workforce could be exposed to the contagion.
The group of 20 rich and emerging economies on Sunday launched an international initiative to accelerate access to health tools needed to fight the new coronavirus.
Banks are considering letting some employees keep working from home indefinitely, and staggering the shifts of those who do come into the office. Hotels are trying to figure out a way to let arriving guests go straight to their rooms without signing in at
Russia, the world's largest wheat exporter, is suspending grain exports, including wheat, rye, barley and corn until July 1, the ministry of agriculture said Sunday.
Venezuelans reported paying above $2 per liter ($7.57 per gallon) for gasoline last week amid fuel shortages, one of the world's highest rates and a dramatic reversal for an OPEC nation that long boasted of having the world's cheapest fuel.
US Treasury Secretary Steven Mnuchin insisted Sunday the US economy will come roaring back even amid warnings from another White House adviser of longer-term impacts of the coronavirus pandemic's unprecedented shock to the economy.