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COVID-19 TOTAL DAILY
CASES 237,489 2980
DEATHS 4,922 83
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Punjab 83,599 Cases Today
Balochistan 10,919 Cases Today
Islamabad 13,650 Cases Today
KP 28,681 Cases Today
Rahat Kaunain appointed as CCP chairperson
Industry

Rahat Kaunain appointed as CCP chairperson

  • The cabinet also gave approval to the appointment of Shumaila Lone and Mujtaba Lodhi as members of the CCP for three years.

  • Rahat Kaunain has previously served as chairperson of Competition Commission of Pakistan (CCP) from 2010-2013.

Published Jul 08, 2020 11:34am
Libya's NOC says oil blockade to halve oil output in coming years
Industry

Libya's NOC says oil blockade to halve oil output in coming years

  • NOC said in a statement on its website that production would be cut in half by 2022 "in the absence of an immediate restart of oil production.
  • The bank said it had allocated 1.2 billion dinars to NOC as "an exceptional budget" item, as well as $1.55 billion to cover fuel subsidies and expenses.
Published Jul 07, 2020 09:54pm
UAE's ADNOC to boost August oil exports as OPEC+ cuts set to ease
Industry

UAE's ADNOC to boost August oil exports as OPEC+ cuts set to ease

  • The cuts are due to taper to 7.7 million bpd until December although a final decision has yet to be taken. Key OPEC+ ministers hold talks next week.
  • ADNOC has notified its customers of its plans to cut crude oil nominations for August by 5% for all grades in line with OPEC+ pact to reduce oil supplies.
Published Jul 07, 2020 09:29pm
Fiat Chrysler restarts production at Serbia's plant: report
Industry

Fiat Chrysler restarts production at Serbia's plant: report

  • Due to the effects of the coronavirus outbreak on markets, Fiat Chrysler halted production at its Italian plants and in Serbia and Poland on March 16.
  • Around 2,000 workers returned to production halls in the central Serbian city of Kragujevac a day earlier to prepare for the restart of manufacturing of the 500L model.
Published Jul 07, 2020 06:23pm
Lufthansa to cut leadership positions, 1,000 admin jobs
Industry

Lufthansa to cut leadership positions, 1,000 admin jobs

  • Lufthansa said it would also cut the investment volume for new aircraft in half, with its financial plan allowing for up to 80 new aircraft for the group's fleet up to 2023.
  • Lufthansa already decided in early April to reduce its fleet by 100 aircraft and not to resume the operations of budget unit Germanwings.
Published Jul 07, 2020 06:21pm
Indonesia's Telkom Group unblocks Netflix as it amps digital push
Industry

Indonesia's Telkom Group unblocks Netflix as it amps digital push

  • Telkom said the decision came after a "change in the US company's approach to the country".
  • The world's largest Muslim-majority country, with a youthful population of 270 million, is experiencing a boom in its digital economy, which is seen reaching $130 billion by 2025,
Published Jul 07, 2020 05:03pm
Despite witnessing decline in 2019-20, Dawood lauds exporters
Industry

Despite witnessing decline in 2019-20, Dawood lauds exporters

  • The SAPM highlighted that Pakistan exports declined by 6 percent as compared to 2018-19, meanwhile the regional countries fare worse than Pakistan, with Bangladesh witnessing exports decline by 17pc and arch-rival India facing exports plunge of 14pc.
Published Jul 07, 2020 03:49pm
Pakistan's tree-planting push has a sweetener: more honey

Pakistan's tree-planting push has a sweetener: more honey

  • Beekeepers in the plantation said they are now harvesting up to 70% more honey than before the greening project started in 2014, as the trees provide a habitat for bees and create conditions for a growing diversity of plants and flowers.
Published Jul 07, 2020 02:11pm
PIA further slashes domestic fares
Industry

PIA further slashes domestic fares

  • The one-way fare from Karachi to Islamabad and from Karachi to Lahore has been fixed at Rs 9,572 while passengers will also be allowed to carry 7 kg of hand luggage.
Published Jul 07, 2020 11:46am
Pakistan get green signal to export mangoes to Japan
Industry

Pakistan get green signal to export mangoes to Japan

  • Generally, the export of Pakistani mangoes to Japan is subject to the clearance of Japanese inspectors.

  • However, this year Pakistani mangoes were allowed to be exported under temporary arrangements without the clearance of Japanese inspectors.

Updated Jul 07, 2020 01:06pm