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Print - 2020-05-10
Venezuela charges Americans with terrorism, conspiracy

Venezuela charges Americans with terrorism, conspiracy

Venezuela has charged two former US soldiers with terrorism and conspiracy for allegedly taking part in a failed bid to topple President Nicolas Maduro, the attorney general said on Friday.
Updated 10 May, 2020 05:08am
PSMA reps quizzed about costings, exports

PSMA reps quizzed about costings, exports

The Sugar Inquiry Commission Saturday quizzed office holders of Pakistan Sugar Mills Association (PSMA) led by its Chairman Aslam Faruque for a couple of hours at the FIA headquarters.
Updated 10 May, 2020 05:08am
Hike in sugar prices: Khaqan holds cabinet, ECC responsible

Hike in sugar prices: Khaqan holds cabinet, ECC responsible

Former prime minister and senior leader of Pakistan Muslim League-Nawaz (PML-N) Shahid Khaqan Abbasi on Saturday said the decision taken by the federal cabinet and the Economic Coordination Committee (ECC) resulted into an increase in the prices of sugar
Updated 10 May, 2020 05:08am
PBA asks FBR to clarify WHT exemption certificate in FY21 budget

PBA asks FBR to clarify WHT exemption certificate in FY21 budget

To avoid litigations between bank customers and tax officials, banks have asked the Federal Board of Revenue (FBR) to include a clarification in the Income Tax Ordinance, 2001, through Finance Bill, 2020, that withholding tax (WHT) exemption certificate w
Updated 10 May, 2020 05:08am
PM for treating patients with respect, dignity

PM for treating patients with respect, dignity

Emphasizing the importance of a robust public awareness campaign to stem the spread of coronavirus, Prime Minister Imran Khan on Saturday directed the authorities concerned to take care of the coronavirus patients with greater responsibility.
Published 10 May, 2020 12:02am
Pence spokeswoman tests positive for COVID-19

Pence spokeswoman tests positive for COVID-19

The US vice president's spokeswoman became the second White House staffer this week to test positive for the coronavirus, officials said Friday, even as President Donald Trump continued to go mask-free at a World War II commemoration with veterans in thei
Published 10 May, 2020 12:02am
Russia virus surge mutes WWII celebrations as world economy reels

Russia virus surge mutes WWII celebrations as world economy reels

Rising coronavirus infections forced Russia on Saturday to curtail its celebrations marking the end of World War II, as deaths from the pandemic surged past 275,000 worldwide and the global economy reeled from the disease and lockdowns.
Published 10 May, 2020 12:02am
Mobile phones/devices: FBR eyeing Rs 56 billion revenue

Mobile phones/devices: FBR eyeing Rs 56 billion revenue

The Federal Board of Revenue (FBR) is expecting to generate Rs 56 billion of revenue on account of taxes/duties on commercial import of mobile phones/devices in 2019-20 i.e. 154 percent increase compared to Rs 22 billion during the same period of last yea
Published 10 May, 2020 12:02am
Budget 2020-21: Finance Division sends IBCs to ministries, divisions

Budget 2020-21: Finance Division sends IBCs to ministries, divisions

The cash-deficient Finance Division has conveyed Indicative Budget Ceilings (IBCs) to all the ministries/divisions with a clear message that whatever is allocated is final and no meeting of the priority committee will be held for this purpose, well-inform
Published 10 May, 2020 12:02am
US reversal prevents UN vote on pandemic truce

US reversal prevents UN vote on pandemic truce

The United States on Friday stunned other members of the UN Security Council by preventing a vote on a resolution for a ceasefire in various conflicts around the world to help troubled nations better fight the coronavirus pandemic, diplomats said.
Published 10 May, 2020 12:02am
Sectors earning high profits: FBR may suggest one-time taxation

Sectors earning high profits: FBR may suggest one-time taxation

The Federal Board of Revenue (FBR) is planning to propose a one-time tax on sectors earning high profits in the budget 2020-21. The board is also working on several other proposals to generate additional revenue to the tune of Rs500-600 billion in the nex
Published 10 May, 2020 12:02am
Hundreds protest Swiss anti-virus restrictions

Hundreds protest Swiss anti-virus restrictions

Hundreds of demonstrators gathered in Bern and other Swiss cities Saturday to protest restrictions put in place to halt the spread of the novel coronavirus, local media reported.
Published 10 May, 2020 12:02am
Government's poor handling of virus
Letters

Government's poor handling of virus

A poorly enforced shutdown which was in place since late March has now been further relaxed despite the fact that the country has recorded over 25,000 cases of Covid-19.
Published 10 May, 2020 12:02am
The failure of Pakistan's power policies
Articles

The failure of Pakistan's power policies

The recently released report on IPPs by a government sanctioned commission brought not only the power producers into the limelight, but also the design of the previous power policies. While the final verdict on the report is still awaited, especially give
Published 10 May, 2020 12:02am
GDP estimates: Between a rock and a hard place
Articles

GDP estimates: Between a rock and a hard place

Provincial GDP figures for 2019-20 will be announced. The official number is likely to remain in the range of negative 0.6 percent to 0.7 percent. The IMF projection is of negative 1.5 percent, and SBP's latest estimation is similar. This could be the fir
Updated 10 May, 2020 06:00am
'Fake facts' and the coronavirus

'Fake facts' and the coronavirus

Social media has completely changed the world over the last two decades or so by connecting much of the globe in ways not even thought of before and enabling real time transfer of information. It has also completely revolutionised the way we communicate,
Updated 10 May, 2020 07:18pm
Calling India's bluff

Calling India's bluff

On Wednesday Riyaz Naikoo, commander of a major Kashmiri resistance group, Hizbul Mujahideen, was martyred along with three others in a clash with Indian troops in Awantipora area of Pulwama district. As press reports point out, he had shot into prominenc
Updated 10 May, 2020 07:19pm
Letting go of the deadwood

Letting go of the deadwood

Unfortunately, the prime minister's civil service reform agenda was one of the many policy initiatives that had to be pushed down the priority list because of all the death and devastation caused by the coronavirus. But now that the government has done al
Updated 10 May, 2020 07:21pm
Confidence of SMEs has plunged: PBIF chief
Business & Economy

Confidence of SMEs has plunged: PBIF chief

President Pakistan Businessmen and Intellectuals Forum Mian Zahid Hussain has said confidence of SMEs has plunged and will slide further due to economic slowdown. He said that ninety-six percent businesses fall under the SME category which should be baile
Published 10 May, 2020 12:02am
Mango harvest: Farmers facing shortage of labour
Commodities

Mango harvest: Farmers facing shortage of labour

Mango harvesting has been started at the farm level, but the farmers are facing shortage of labourers. In order to deal with this issue a meeting of the growers was held here recently under the chairmanship of focal person of District Hyderabad on the cor
Published 10 May, 2020 12:02am
Businesses to be opened from Monday: Nasir

Businesses to be opened from Monday: Nasir

Sindh Minister for Information Syed Nasir Hussain Shah has said that in accordance with the decisions of the National Coordination Committee, all the businesses which had been decided to be opened would be opened in Sindh province from Monday.
Published 10 May, 2020 12:02am
NBP designates branch for collection of duty, taxes
Money & Banking

NBP designates branch for collection of duty, taxes

National Bank of Pakistan (NBP) has designated its Nadir House Branch for collection of duty and taxes from Monday (May 11). This was informed by the MCC Appraisement East in its letter sent to All Pakistan Customs Agents Association (APCAA).
Published 10 May, 2020 12:02am
Five drown in Indus River near Thatta

Five drown in Indus River near Thatta

Five people drowned in Indus River near Ghorabari in district Thatta on Saturday. The incident has been reported at Goth Ismail Jatt in coastal area of Dandari. "Three women and two children were drowned in Indus waters in a mishap near Ghorabari town," l
Published 10 May, 2020 12:02am
FPCCI VP Roohi Rizwan passes away
Business & Economy

FPCCI VP Roohi Rizwan passes away

Roohi Rizwan, vice president of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), passed away on Friday. Mian Anjum Nisar, president of the FPCCI, and other office-bearers and executive committee and general body members expressed thei
Published 10 May, 2020 12:02am
NKATI chief urges Sindh CM to eliminate encroachments
Business & Economy

NKATI chief urges Sindh CM to eliminate encroachments

North Karachi Association of Trade & Industry(NKATI) president Nasim Akhtar has pointed out the growing illegal activities of land mafia in the industrial area and demanded Sindh Chief Minister Syed Murad Ali Shah and Local Government Minister Nasir Hussa
Published 10 May, 2020 12:02am
KPT offers extra space for storage of containers
Business & Economy

KPT offers extra space for storage of containers

Chairman Karachi Port Trust (KPT) Rear Admiral Jamil Akhtar has extended the offer to provide any extra space of KPT land for storage of containers if required by the terminal operators at no cost. Further he also assured the CEOs of private terminals to
Published 10 May, 2020 12:02am
Covid-19: ICT clears Tramari area

Covid-19: ICT clears Tramari area

The Islamabad Capital Territory (ICT) administration on Saturday de-sealed Tramari area, which was sealed in the mid of last month after some cases of coronavirus surfaced there.
Published 10 May, 2020 12:02am
PML-N slams government's strategy to deal with Covid-19

PML-N slams government's strategy to deal with Covid-19

Pakistan Muslim League-Nawaz (PML-N) on Saturday criticized the govt's strategy of dealing with Covid-19 and said instead of waging a war against Covid-19, a war is being fought with the Opposition.
Published 10 May, 2020 12:02am
Private schools body demands to open schools

Private schools body demands to open schools

While the federal and provincial governments have unanimously decided to keep the educational institutions closed till July 15 on account of the alarming spread of Covid-19 in Pakistan, a private schools association has opposed this move and demanded to o
Published 10 May, 2020 12:02am
Release of Hamza Shahbaz demanded

Release of Hamza Shahbaz demanded

Pakistan Muslim League-Nawaz (PML-N) spokesperson Marriyum Aurangzeb has demanded release of Leader of the Opposition in the Punjab Assembly Hamza Shahbaz.
Published 10 May, 2020 12:02am
Punjab announces relief package for media workers

Punjab announces relief package for media workers

Information Minister of Punjab, Fayyaz-ul-Hassan Chauhan, has said that Information Department will give any media worker affected by Covid-19 Rs100,000 while in case of death the government will give one million rupees to the family of the deceased in ad
Published 10 May, 2020 12:02am
Buzdar seeks performance report from provincial ministers

Buzdar seeks performance report from provincial ministers

Punjab Chief Minister Sardar Usman Buzdar has sought a performance report from the provincial ministers with the directions to prepare performance report on the policy reforms and progress on key initiatives taken by the government.
Published 10 May, 2020 12:02am
PML-N leadership reaping what they had sown: Faraz

PML-N leadership reaping what they had sown: Faraz

Minister for Information and Broadcasting Senator Shibli Faraz has said that Prime Minister Imran Khan is committed to protect lives of citizens, providing them all basic amenities of life under prevailing conditions of Covid-19.
Published 10 May, 2020 12:02am
Temperature likely to go down in city

Temperature likely to go down in city

Temperature is expected to start reducing in the next 48 hours but humidity to remain as high as 80 percent in the city, the Met Office said on Saturday.
Published 10 May, 2020 12:02am
PTI Karachi President slams Sindh government

PTI Karachi President slams Sindh government

Pakistan Tehreek-e-Insaf (PTI) Karachi President and Member Sindh Assembly Khurram Sher Zaman while addressing a press conference at the party secretariat "Insaf House" said that one of my statements has been misrepresented since Friday. So I would like t
Published 10 May, 2020 12:02am
Doctors warn against ease in lockdown

Doctors warn against ease in lockdown

Pakistan Medical Association (PMA) has warned against softening of lockdown, while the number of Covid-19 cases on rise in the country, on Saturday.
Published 10 May, 2020 12:02am
1,000 Pakistani students in Wuhan to be repatriated

1,000 Pakistani students in Wuhan to be repatriated

At least 1,000 Pakistani students stranded in Wuhan - once the epicentre of the novel coronavirus - will be repatriated via four special Pakistan International Airlines (PIA) flights.
Published 10 May, 2020 12:02am
FIA arrests RAW agent in Karachi

FIA arrests RAW agent in Karachi

The Federal Investigation Agency (FIA) has arrested a key operative of a sleeper cell of Indian prime intelligence agency, Research and Analysis Wing (RAW), FIA officials said on Saturday.
Published 10 May, 2020 12:02am
Petroleum products demand: Experts call for clear lockdown timeline
Energy

Petroleum products demand: Experts call for clear lockdown timeline

In order to proactively cope with the challenge of uncertainty in petroleum products demand, oil industry experts have suggested some essential steps required by the government with a clearer view on the lockdown timelines i.e. its continuity and end, so
Published 10 May, 2020 12:02am
Cos Act, 2017: Changes made by SECP surprise capital market
Stocks

Cos Act, 2017: Changes made by SECP surprise capital market

Corporate experts and financial professionals have expressed surprise at the bold changes made by the Securities and Exchange Commission of Pakistan (SECP) in the Companies Act, 2017, enabling a board of companies to appoint Chief Executive Officers (CEOs
Published 10 May, 2020 12:02am
12 more succumb to corona pandemic in KP

12 more succumb to corona pandemic in KP

Twelve more people have succumbed to coronavirus during the last 24 hours in KP to reach the death tally from the virus to 221 as 371 new cases were also confirmed in the province.
Published 10 May, 2020 12:02am
CM directs KPITB high-ups to come up with workable strategy

CM directs KPITB high-ups to come up with workable strategy

Chief Minister Khyber Pakhtunkhwa, Mahmood Khan, while stressing the need of timely completion of Citizens Facilitation Centres (CFCs) projects in the provincial capital launched under the Digital Access Initiative of the provincial government, has direct
Published 10 May, 2020 12:02am
To lockdown or not? an economic perspective
Articles

To lockdown or not? an economic perspective

The handling and effectiveness of the lockdown depends on the healthcare system and testing capacity of the country, which has unfortunately been plagued by confusion amidst a debate, or rather indecisiveness as to whether we must lockdown the country or
Published 10 May, 2020 12:02am
US natural gas futures fall on lower demand
Energy

US natural gas futures fall on lower demand

US natural gas futures fell 4% on Friday on forecasts for lower demand in mid-May due to milder weather and as businesses remain shut due to government lockdowns to stop the spread of the coronavirus.
Published 10 May, 2020 12:02am
Cotton spot rates remain unchanged
Cotton & Textile

Cotton spot rates remain unchanged

Traders are hopeful that trading activity will soon partially resume in the cotton market as the government had given permission to the whole textile supply chain to resume it's operations.
Published 10 May, 2020 12:02am
South Korea buys 138,000 tonnes corn
Commodities

South Korea buys 138,000 tonnes corn

South Korea's Major Feedmill Group (MFG) purchased about 138,000 tonnes of corn expected to be sourced from South America in a private deal on Thursday without an international tender being issued, European traders said on Friday.
Published 10 May, 2020 12:02am
Tripoli airport shelling hits fuel tanks, passenger plane

Tripoli airport shelling hits fuel tanks, passenger plane

Shelling of Tripoli's Mitiga airport early on Saturday, part of an intensified barrage of artillery fire on the capital in recent days, hit fuel tanks and damaged passenger planes, the Transport Ministry said in a statement.
Published 10 May, 2020 12:02am
India uses drones to disinfect virus hotspot as cases surge

India uses drones to disinfect virus hotspot as cases surge

Indian authorities used drones and fire engines to disinfect the pandemic-hit city of Ahmedabad on Saturday, as virus cases surged and police clashed with migrant workers protesting against a reinforced lockdown.
Published 10 May, 2020 12:02am
Apple unveils plans to reopen some US stores
Global Business Economy

Apple unveils plans to reopen some US stores

Apple on Friday said it will begin gradually reopening its retail shops in the US next week, taking pandemic precautions such as making sure everyone in them wears masks. The iPhone maker planned to start with some stores in Alabama, Alaska, Idaho and Sou
Published 10 May, 2020 12:02am
Magician Roy Horn dies

Magician Roy Horn dies

Roy Horn, half of Las Vegas illusionist duo Siegfried and Roy, died Friday of complications from the coronavirus. He was 75. Known for his work with big cats, elephants and snakes, the German-born magician died at Mountain View Hospital in Las Vegas, his
Published 10 May, 2020 12:02am
Rock 'n' roll pioneer Little Richard dies

Rock 'n' roll pioneer Little Richard dies

Little Richard, the self-proclaimed "architect of rock 'n' roll" who built his ground-breaking sound with a boiling blend of boogie-woogie, rhythm and blues and gospel, died on Saturday at the age of 87, Rolling Stone magazine reported.
Published 10 May, 2020 12:02am
End of an era: Bangladesh's last Armenian dies

End of an era: Bangladesh's last Armenian dies

Michael Joseph Martin, Bangladesh's last Armenian, has died aged 89, bringing an end to the more than 300-year presence of the once thriving and powerful minority Christian community.
Published 10 May, 2020 12:02am
The Weather

The Weather

The weather report on Saturday (May 9, 2020) and the forecast for Sunday (May 10, 2020).

Published 10 May, 2020 12:02am
Cotton Spot Rates
Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (May 9, 2020).

Published 10 May, 2020 12:02am