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Pakistan is China’s priority in fight against coronavirus: Envoy Yao Jing

ISLAMABAD: China’s ambassador to Pakistan Yao Jing on Sunday addressed a ceremony held in the honor of Chinese medical staff that has arrived in Pakistan to help-out during the global corona virus pandemic. Jing said that China has made great headway into controlling the deadly pathogen and stands by their ‘iron brother’ Pakistan in there hour of need. The Chinese ... Read More »

Poultry sales, prices fall more than 50% amid coronavirus lockdown

KARACHI: Poultry industry has lost millions of rupees amid coronavirus lockdown across the country, denting sales and nearly halving the prices, industry officials told media. According to officials, closure of restaurants and wedding events hit hundreds of poultry farmers as sales declined more than 50%. “There has been an abrupt drop in the demand for chicken and prices have dropped ... Read More »

Gov’t disburses 100pc funds allocated for ML-1 Railway project

ISLAMABAD: The government has disbursed 100 percent development funds of Rs1.8 billion allocated for preliminary design for up-gradation and rehabilitation of main line (ML-1) and establishment of dryport near Havelian under the China Pakistan Economic Corridor (CPEC). Under the federal government’s Public Sector Development Programme (PSDP) 2019-20, the project was allocated funds of Rs 1.8 billion which had been disbursed ... Read More »

Sufficient stocks of food items available: USC MD

ISLAMABAD: Utility Stores Corporation (USC) Managing Director Umar Lodhi said on Saturday that all utility store outlets were opened across the country to serve the masses, especially the marginalized segment of the society. In a statement, he said at this difficult time when the whole country was locked down, utility stores were ensuring the provision of basic items on subsidized ... Read More »

Privatization process ongoing as planned

ISLAMABAD: Federal Minister for Privatization Muhammad Mian Soomro said that the process to privatize national entities is ongoing and no delay is being made in the timeline for privatization of power plants and other entities. He said that although the government has prioritize provision of health facilities due to the coronavirus pandemic, however, the privatization process is also ongoing as ... Read More »

Shortage of face masks, sanitizers persist in market

ISLAMABAD: Following coronavirus outbreak, acute shortage of face masks and hand sanitizers has further intensified in the market due to demand supply situation. Face masks and hand sanitizers are not available at any of the medical stores in any part of the twin cities, which shopkeepers have attributed to the higher demand, and lower supply. It has been observed across ... Read More »

CNG price reduced by Rs9 per liter in Punjab, Islamabad

ISLAMABAD: All Pakistan Compressed Natural Gas Association (APCNGA) on Friday announced to decrease the commodity price by Rs9 per liter in Islamabad and Punjab. “New retail price will be at around Rs84.50 per liter,” APCNGA Central Chairman, Ghiyas Abdullah Paracha said. He said the price reduction decision had been taken in view of the prevailing situation in the country and ... Read More »

China-Pakistan brave snow at Khunjerab Pass for coronavirus relief activities

ISLAMABAD: Medical supplies from Xinjiang, China to Pakistan are being delivered through Khunjerab Pass today it is the highest land port on earth. Both sides from China and Pakistan braved the cold, cleared the roads made good preparations for the delivery of medical supplies across. Expressing his sincere gratitude to China for supporting Pakistan in fight against novel coronavirus, Prime ... Read More »

OGRA sends notices to companies over LPG tanker fire incident

ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) issued show-cause notices to three companies in Lahore over the Liquefied Petroleum Gas (LPG) tanker fire incident. The OGRA spokesperson said in a statement that the authority issued show-cause notices to three companies over the fire incident due to gas leakage from the LPG tanker. The statement also read that strict action will ... Read More »

Internet use sees sharp spike

KARACHI: As millions remain indoors due to varying lockdowns across Pakistan, the internet usage in the country has increased by 15 per cent in a week. In a press release issued on Friday , the Pakistan Telecommunication Authority (PTA) said the increase was observed due to a spike in online activities by educational institutions and businesses, as well as a ... Read More »

JS Bank offers financing to hospitals to curb coronavirus

KARACHI: JS Bank has introduced financing of up to Rs 200 million to hospitals and medical centres for the purchase of equipment to detect, contain and treat patients infected by COVID-19. Under this State Bank-designed scheme, all medical centres registered with federal or provincial health governing bodies, engaged in the control and eradication of COVID-19, will be eligible to avail ... Read More »

SBP reserves fall by $690m

KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $690 million to $11.9 billion during the week ended on March 20. According to the central bank’s report, commercial banks’ holdings increased by $56 million and were calculated at 6.11 billion. Whereas the country’s net foreign reserves were calculated to be $18.10 billion. Earlier on March ... Read More »

ECC approves Rs5b for NDMA to curb spread of corona virus

ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh, chaired the meeting of the Economic Coordination Committee (ECC). Four technical supplementary grants (1: Rs. 275 million in favor of Ministry of Housing and works for capital outlay on civil works, 2: Rs. 84,352,265 equivalent to $ 532,152 to be provided to NADRA for FATA TDP ... Read More »

Finance ministry announces details of multi-sectoral relief package

ISLAMABAD: The Finance Ministry Tuesday announced the details of the multi-sectoral relief package approved by Prime Minister Imran Khan in a major effort to address the crisis resultant of Covid-19. The package is aimed at providing quick relief to all those who have been affected by the pandemic, the Finance Ministry said in a statement issued here. According to the ... Read More »

Gold imports increase 8.89pc in 8 months

ISLAMABAD,:The gold imports into the country increased by 8.89 percent during the first eight months of the current financial year (2019-20) as compared to the corresponding period of last year. Pakistan imported gold worth $11.188 million during July-February (2019-20) compared to the imports of $10.275 million during July-February (2018-19), showing growth of 8.89 percent, according to the Pakistan Bureau of ... Read More »

Covid-19: Domestic flight operation suspended till April 2

ISLAMABAD: In a bid to control the spread of deadly coronavirus, the government on Thursday has suspended all types of flights including domestic and chartered flights in the country till April 2. According to spokesperson of Civil Aviation Authority (CAA), all domestic, chartered and private flights will be suspended; however cargo and flights with special permission letters are exempted from ... Read More »

Leather goods exports increase by 11.17pc

ISLAMABAD: Leather goods exports during first eight months of current financial year grew by 11.17% as compared to the exports of the corresponding period of last year. During the period from July-February (2019-20), leather goods worth $361,921 million were exported as compared to the exports of $325,543 million of same period of last year. According the data released by the ... Read More »

Govt to procure record wheat worth Rs280 billion: Asad Umar

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Asad Umar has said that the government had announced to procure a record wheat worth of Rs 280 billion. “The government is going to have the biggest wheat procurement this year which will inject Rs 280 billion in the market,” he said. The minister said that the people would get Rs ... Read More »

Federal Cabinet discusses coronavirus situation

ISLAMABAD: Federal Cabinet on Wednesday has met in Islamabad via video link with Prime Minister Imran Khan in the chair. According to details, the participants have discussed the situation arising out of coronavirus and the steps taken by the government to contain the spread of the contagion. The meeting has reviewed the impact of the epidemic on the country’s economy ... Read More »

PIA faces loss of Rs4b due to coronavirus

ISLAMABAD: Federal Minister for Aviation Ghulam Sarwar Khan on Wednesday said that Pakistan International Airline (PIA) suffered a loss of Rs4 billion as it brought back stranded Pakistanis in the wake of the coronavirus crisis. “The national carrier brought 8,824 Umrah pilgrims back from Saudi Arabia in 27 special flights,” he said, adding: “PIA brought 40 passengers from Doha and ... Read More »