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Print - 2020-05-04
Coronavirus can shut down 1 million SMEs: Umar

Coronavirus can shut down 1 million SMEs: Umar

Minister for Planning, Development and Special Initiatives Asad Umar expressed his concern that 18 million people could lose their jobs and one million small and medium-sized enterprises (SMEs) could be shut down forever due to closure of businesses durin
Published 04 May, 2020 12:07am
Covid-19 lockdown: BTAP engages thousands of jobless labourers

Covid-19 lockdown: BTAP engages thousands of jobless labourers

Billions Trees Afforestation Project (BTAP), a flagship programme of Pakistan Tehreek e Insaf (PTI) government in green sector has been proved an oasis for thousands of jobless labourers and daily wagers to earn better livelihoods for their families durin
Published 04 May, 2020 12:07am
KSTA delegation meets Mustafa Kamal

KSTA delegation meets Mustafa Kamal

A delegation representing Karachi Shermaal and Tandoor Association (KSTA) called on the Chairman Pak Sarzameen Party Syed Mustafa Kamal here at PSP's Central Secretariat and highlighted problems they are facing during the ongoing lockdown in the backdrop
Published 04 May, 2020 12:07am
Body finalises short-term strategic domains to boost economy

Body finalises short-term strategic domains to boost economy

A meeting of a think tank, to assess the emerging economic slowdown and its impact on business due to the Covid-19, has decided that fiscal proposals including changes in rates of sales tax, refunds etc would be deliberated with the Federal Board of Reven
Published 04 May, 2020 12:07am
GDP growth can decline to -3 percent

GDP growth can decline to -3 percent

Governor State Bank of Pakistan (SBP) Dr Reza Baqir has reportedly projected GDP growth between -2 per cent to -3 per cent if lockdown continues for 60 days, well informed sources told Business Recorder.
Published 04 May, 2020 12:07am
Positive trend witnessed
Stocks

Positive trend witnessed

Pakistan Stock Exchange witnessed positive trend during the four-day outgoing week ended April 30, 2020 on the back of local investors and institutional support.
Published 04 May, 2020 12:07am
Pope says coronavirus vaccine must be shared worldwide

Pope says coronavirus vaccine must be shared worldwide

Pope Francis called on Sunday for international scientific cooperation to discover a vaccine for the coronavirus and said any successful vaccine should be made available around the world.
Published 04 May, 2020 12:07am
Pompeo says 'enormous evidence' virus came from Wuhan lab

Pompeo says 'enormous evidence' virus came from Wuhan lab

Secretary of State Mike Pompeo on Sunday stepped up a US campaign to hold China accountable for the spread of the deadly coronavirus, asserting there is "enormous evidence" the virus originated in a laboratory in the city of Wuhan.
Published 04 May, 2020 12:07am
Roche wins FDA nod for Covid-19 antibody test

Roche wins FDA nod for Covid-19 antibody test

Roche has won emergency approval from the US Food and Drug Administration (FDA) for an antibody test to determine whether people have ever been infected with the coronavirus, the Swiss drugmaker said on Sunday.
Published 04 May, 2020 12:07am
Imran, Trudeau discuss Covid-19 situation

Imran, Trudeau discuss Covid-19 situation

Prime Minister Imran Khan held a telephone conversation with his Canadian counterpart Prime Minister Justin Trudeau. The situation arising out of the Covid-19 pandemic, and other matters of mutual interest came under discussion.
Published 04 May, 2020 12:07am
Assets beyond means case: NAB issues summons to Shahbaz

Assets beyond means case: NAB issues summons to Shahbaz

The National Accountability Bureau (NAB) has for the third time summoned Pakistan Muslim League - Nawaz (PML-N) president and opposition leader Shahbaz Sharif in the case pertaining to possession of assets beyond means.
Published 04 May, 2020 12:07am
Economic slowdown to deplete foreign reserves: Qureshi

Economic slowdown to deplete foreign reserves: Qureshi

Foreign Minister Shah Mehmood Qureshi said on Sunday that there is forecast of three-percent contraction in the world economy involving trillions and this economic slide would leave impact on Pakistan's and other economies due to COVID-19.
Published 04 May, 2020 12:07am
Sales tax frauds: FTO's recommendation remains unimplemented

Sales tax frauds: FTO's recommendation remains unimplemented

A key recommendation issued by the Federal Tax Ombudsman (FTO) remained unimplemented by the Federal Board of Revenue (FBR) to proceed against tax employees, particularly those in higher ranks, found involved in perpetration of sales tax frauds.
Published 04 May, 2020 12:07am
APPMA demands elimination of 'anomalous' tariff

APPMA demands elimination of 'anomalous' tariff

All Pakistan Paper Merchants Association (APPMA) has said that the local printing industry has reached to the edge of destruction due to the continuation of anomalous tariff and once it closed down, will never be able to revive itself.
Published 04 May, 2020 12:07am
SRB to reopen its offices today

SRB to reopen its offices today

Sindh Board of Revenue (SRB) will open its provincial offices from tomorrow (Monday) onward which had been facing closure due to the coronavirus related lockdown in Sindh.
Published 04 May, 2020 12:07am
Covid-19: PCGA, MCCI for protecting textile industry, allied units

Covid-19: PCGA, MCCI for protecting textile industry, allied units

Pakistan Cotton Ginners Association (PCGA) and Multan Chamber of Commerce & Industry (MCCI) said, "We have no political motive nor we want to create any trouble for the present government but we want to save the sinking textile industry and its allied uni
Published 04 May, 2020 12:07am
World Press Freedom Day
Letters

World Press Freedom Day

That this deadly virus knows no bounds is a fact. Dozens of journalists losing their lives in the world, including Pakistan, is a wake-up call for media houses and the governments to ensure that media workers do not lack proper protection for covering the
Published 04 May, 2020 12:07am
Swiss soldiers fight Covid-19 armed with Bluetooth app
Articles

Swiss soldiers fight Covid-19 armed with Bluetooth app

Swiss army conscripts are taking the fight to the coronavirus pandemic by field-testing a Bluetooth-based smartphone app aimed at stopping a resurgence of COVID-19. The rapidly-created app traces people who have inadvertently crossed paths with someone in
Published 04 May, 2020 12:07am
Humanity on profound trial
Articles

Humanity on profound trial

"Human Kind" and "Gentlemen" had become obsolete words in Pre-Corona era. Human beings were neither kind nor men / women were gentle to each other or to their habitat. The consequences of this cruelty and unkindness have never been more exposed as in the
Published 04 May, 2020 12:07am
Whither the budget deficit
Articles

Whither the budget deficit

There was intense speculation on the government's ability to meet the budget deficit target of 7.2 percent for the current fiscal year, the same as projected for 2018-19, agreed with the International Monetary Fund (IMF) even before the rampage wrought on
Published 04 May, 2020 12:07am
National Tax Council

National Tax Council

It is unfortunate that the NTC (National Tax Council), which was mandated with harmonising GST (General Sales Tax) on both goods and services between the centre and provinces, will not be able to get the job done in time for the upcoming budget because of
Published 04 May, 2020 12:07am
FY21: Corona budget

FY21: Corona budget

Advisor to the Prime Minister on Finance Dr Hafeez Sheikh stated on a private television channel that the budget for next fiscal year would be presented during the first week of June and would focus on mitigating the impact of the Coronavirus on the gener
Updated 08 May, 2020 03:35am
Minister urges people to adopt new lifestyle

Minister urges people to adopt new lifestyle

Sindh Information Minister Syed Nasir Hussain Shah has said when the federal ministers constantly criticise the Sindh government and mislead the people, only then the ministers of the Sindh government had to respond them to tell people the truth.
Published 04 May, 2020 12:07am
Bilawal, Murad discuss Covid-19 situation

Bilawal, Murad discuss Covid-19 situation

Sindh Chief Minister Syed Murad Ali Shah on Sunday met Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari and discussed coronavirus situation in the province.
Published 04 May, 2020 12:07am
PMA delegation meets Bilawal

PMA delegation meets Bilawal

A Pakistan Medical Association (PMA) delegation met PPP Chairman Bilawal Bhutto Zardari at Bilawal House on Sunday and apprised him about the problems being faced by doctors and paramedics across the country.
Published 04 May, 2020 12:07am
Covid-19: Eight more die, 214 recovered: Murad

Covid-19: Eight more die, 214 recovered: Murad

Sindh Chief Minister Syed Murad Ali Shah has said that 214 more patients recovered and returned to their homes while another 363 positive cases emerged between Saturday and Sunday.
Published 04 May, 2020 12:07am
BMP calls to revise 18th Amendment, NFC Award
Business & Economy

BMP calls to revise 18th Amendment, NFC Award

Businessmen Panel (BMP) Secretary General (Federal) Ahmad Jawad has said 18th Amendment should be revised including NFC award so that the balance of powers could be streamlined including certain powers may be come back to Federation because public looks t
Published 04 May, 2020 12:07am
Wasim, Babar to guide women cricketers online
Cricket

Wasim, Babar to guide women cricketers online

To help players learn from the cricket's elite and remain focused on the game during the Covid-19 lockdown, the Pakistan Cricket Board (PCB) has organised online sessions for the Pakistan national women's team with the legendary Wasim Akram and Babar Azam
Published 04 May, 2020 12:07am
Textile, allied supply chain to start operation soon: APTPMA chief
Cotton & Textile

Textile, allied supply chain to start operation soon: APTPMA chief

Chairman All Pakistan Textile Processing Mills Association (APTPMA), Muhammad Pervez Lala has said, "Within next one or two days we will start our factories soon after announcement by the Prime Minister and issuance of requisite notification in this regar
Published 04 May, 2020 12:07am
Buzdar vows to create more ease, comforts for traders community

Buzdar vows to create more ease, comforts for traders community

Chief Minister Sardar Usman Buzdar in a meeting with the delegation of industrialists and representatives of traders community, here Sunday assured that Punjab government will create more ease and comforts for the industrialists and traders community.
Published 04 May, 2020 12:07am
Ehsaas Programme: Web portal to ease Covid-19 victims: Sania

Ehsaas Programme: Web portal to ease Covid-19 victims: Sania

Special Assistant on Social Protection and Poverty Alleviation Dr Sania Nishtar said that Prime Minister Imran Khan had launched a web portal to solicit Ehsaas Emergency Cash aid applications from COVID-19 livelihood-loss-affectees (category-4).
Published 04 May, 2020 12:07am
Government firmly believes in freedom of expression: Faraz

Government firmly believes in freedom of expression: Faraz

Federal Minister for Information and Broadcasting, Shibli Faraz has said the Pakistan Tehreek-e-Insaf (PTI) government firmly believes in the fundamental, constitutional and legal right of freedom of expression.
Published 04 May, 2020 12:07am
Business advisory body: PA speaker convenes meeting today

Business advisory body: PA speaker convenes meeting today

Speaker Punjab Assembly Ch. Parvez Elahi has convened meeting of the Business Advisory Committee on Monday (today) at 1:30 PM in the Punjab Assembly. Deputy Speaker Sardar Dost Mohammad Mazari will preside over the meeting.
Published 04 May, 2020 12:07am
PRGMEA for switching over production to PPEs
Cotton & Textile

PRGMEA for switching over production to PPEs

Chief Coordinator Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Ijaz A Khokhar has said there is great need of switching over the business to protective equipment production without fail to capture the market share for fetch
Published 04 May, 2020 12:07am
KP witnesses 108 new Covid-19 positive cases, 11 deaths

KP witnesses 108 new Covid-19 positive cases, 11 deaths

Advisor to KP CM on Information, Ajmal Wazir Sunday said that 108 coronavirus cases and 11 deaths have been occurred due to virus during 24 hours in Khyber Pakhtunkhwa raising the tally of total patients to 2907 and deaths to 172 respectively.
Published 04 May, 2020 12:07am
Algerian singer and Berber idol Idir dies

Algerian singer and Berber idol Idir dies

Algerian singer Idir, a leading cultural ambassador of his native Kabylie and its Berber language, died in Paris on Saturday, aged 70, his family announced.
Published 04 May, 2020 12:07am
Egypt says 18 suspected militants killed

Egypt says 18 suspected militants killed

Egypt's interior ministry said Sunday 18 suspected militants were killed in North Sinai in a firefight with security forces, two days after a deadly blast claimed by the Islamic State group.
Published 04 May, 2020 12:07am
Nearly 100,000 evacuated after Uzbekistan dam bursts

Nearly 100,000 evacuated after Uzbekistan dam bursts

Nearly 100,000 people have been displaced in Uzbekistan and Kazakhstan after an Uzbek dam burst, flooding thousands of homes and destroying agricultural fields. The wall of the Sardoba reservoir dam in eastern Uzbekistan burst early on Friday triggering a
Published 04 May, 2020 12:07am
North and South Korea exchange gunfire at border

North and South Korea exchange gunfire at border

North Korean troops fired multiple gunshots towards the South in the DMZ dividing the peninsula on Sunday, prompting South Korean forces to fire back, Seoul said. The rare exchange of gunfire comes a day after North Korean state media reported that leader
Published 04 May, 2020 12:07am
Ivory Coast PM flies to France for medical checks

Ivory Coast PM flies to France for medical checks

Ivory Coast Prime Minister Amadou Gon Coulibaly, the ruling party's candidate in October's presidential election, has flown to France for medical checks, the presidency said on Sunday.
Published 04 May, 2020 12:07am
Europe prepares to ease lockdowns as signs pandemic ebbing

Europe prepares to ease lockdowns as signs pandemic ebbing

European nations on Sunday prepared for further cautious easing of coronavirus restrictions following signs the pandemic may be slowing, with hard-hit Italy set to follow Spain in allowing people outside after weeks of confinement.
Published 04 May, 2020 12:07am
UK says virus lockdown to be lifted gradually

UK says virus lockdown to be lifted gradually

The British government on Sunday said the easing of coronavirus lockdown measures was likely to be gradual, as it announced a further rise in the overall death toll.
Published 04 May, 2020 12:07am
Money market stress adds to case for more ECB action
Money & Banking

Money market stress adds to case for more ECB action

Funding costs in a vital corner of euro zone money markets remain at worryingly high levels even after unprecedented ECB action, indicating the central bank may need to do more to ensure a smooth supply of short-dated credit to the economy.
Published 04 May, 2020 12:07am
Abu Dhabi's Mubadala in talks for potential dollar bond issue
Stocks

Abu Dhabi's Mubadala in talks for potential dollar bond issue

Abu Dhabi's state fund Mubadala is in early discussions with banks for a potential dollar bond issue, two banking sources said, as the region seeks liquidity amid the double blow of historically low oil prices and the coronavirus pandemic.
Published 04 May, 2020 12:07am
Saudi index sees biggest daily fall in nearly two months
Stocks

Saudi index sees biggest daily fall in nearly two months

Saudi Arabia's stock market fell sharply on Sunday, snapping three sessions of gains as the prospect of more stringent measures to cope with the coronavirus and Moody's downgrading of the kingdom's outlook soured investor sentiment.
Published 04 May, 2020 12:07am
Forget 2020, stock market optimists look at 2021 for buy signals
Stocks

Forget 2020, stock market optimists look at 2021 for buy signals

Shrugging off reams of terrible economic data, plunging oil prices and dire corporate profits, world stocks have recouped around half of this year's coronavirus-linked losses as investors flip over their calendars to bet on a strong recovery in 2021.
Published 04 May, 2020 12:07am
Boeing eyes major bond issue
Stocks

Boeing eyes major bond issue

Boeing Co is working with investment banks on a multibillion-dollar bond-fueled financing package as it aims to shore up its balance sheet amid a sharp travel downturn due to the coronavirus pandemic, three people familiar with the matter said on Tuesday.
Published 04 May, 2020 12:07am
Syria tycoon alleges pressure to step back from business
Global Business Economy

Syria tycoon alleges pressure to step back from business

Syria's most notorious tycoon has accused security forces of detaining his employees to pressure him into distancing himself from his businesses, amid rumours of tensions with the president.
Published 04 May, 2020 12:07am
Following Dubai, more UAE malls, restaurants reopen
Global Business Economy

Following Dubai, more UAE malls, restaurants reopen

Malls in the United Arab Emirates' capital Abu Dhabi began reopening to a restricted number of customers this weekend as the UAE eases lockdown measures imposed more than a month ago to combat the novel coronavirus.
Published 04 May, 2020 12:07am
UAE airlines say years needed to restore demand
Global Business Economy

UAE airlines say years needed to restore demand

Top executives of Emirates and Etihad, two of the Middle East's biggest airlines, have said passenger demand may not return to pre-coronavirus crisis levels until 2023.
Published 04 May, 2020 12:07am
Oil-hungry Asian nations pounce on low prices to build stockpiles
Energy

Oil-hungry Asian nations pounce on low prices to build stockpiles

Some oil-hungry Asian nations are taking advantage of the collapse in prices caused by the coronavirus pandemic to build up their crude stockpiles. Here are some questions and answers about strategic reserves and the region's oil supplies:
Published 04 May, 2020 12:07am
TUI's China unit resumes domestic holiday offers
Global Business Economy

TUI's China unit resumes domestic holiday offers

The Chinese unit of Germany's TUI, the world's biggest tourism group, said on Sunday it has resumed offering holiday packages in China and urged the European Union (EU) to lift travel restrictions in place to curb the coronavirus.
Published 04 May, 2020 12:07am
Virus impact puts thousands of jobs risk at Rolls-Royce
Global Business Economy

Virus impact puts thousands of jobs risk at Rolls-Royce

Thousands of jobs could be at risk at British aircraft engine manufacturer Rolls-Royce, which on Sunday said it was in talks with unions about the impact of the coronavirus outbreak on operations.
Published 04 May, 2020 12:07am
The Weather

The Weather

The weather report on Sunday (May 3, 2020) and the forecast for Monday (May 4, 2020).

Published 04 May, 2020 12:07am
Your rupee last week
Rates

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (April 28 to 30, 2020).

Published 04 May, 2020 12:07am
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