BR100 Increased By (0.77%)
BR30 Increased By (1.13%)
KSE100 Increased By (0.76%)
KSE30 Increased By (0.84%)
BECO 5.40 Increased By ▲ 0.01 (0.19%)
BML 57.72 Increased By ▲ 0.26 (0.45%)
BOP 36.65 Increased By ▲ 0.34 (0.94%)
CNERGY 8.20 Decreased By ▼ -0.01 (-0.12%)
DCL 12.23 Increased By ▲ 0.40 (3.38%)
FCCL 59.65 Increased By ▲ 0.37 (0.62%)
FCSC 5.05 Increased By ▲ 0.04 (0.8%)
FFL 17.90 Increased By ▲ 0.05 (0.28%)
FNEL 1.28 Increased By ▲ 0.02 (1.59%)
HUMNL 11.50 No Change ▼ 0.00 (0%)
KEL 8.35 Increased By ▲ 0.02 (0.24%)
KOSM 6.65 Increased By ▲ 0.02 (0.3%)
MLCF 109.40 Increased By ▲ 1.97 (1.83%)
NBP 208.12 Increased By ▲ 3.11 (1.52%)
PACE 11.37 Increased By ▲ 0.27 (2.43%)
PAEL 45.80 Increased By ▲ 0.38 (0.84%)
PIAHCLA 31.30 Decreased By ▼ -0.46 (-1.45%)
PIBTL 19.16 Increased By ▲ 0.31 (1.64%)
PPL 245.93 Increased By ▲ 2.19 (0.9%)
PRL 36.18 Decreased By ▼ -0.06 (-0.17%)
PTC 72.97 Increased By ▲ 0.90 (1.25%)
SEARL 95.79 Increased By ▲ 1.21 (1.28%)
SSGC 32.02 Increased By ▲ 0.17 (0.53%)
TELE 9.15 Increased By ▲ 0.13 (1.44%)
THCCL 68.85 Increased By ▲ 0.38 (0.55%)
TPLP 11.79 Increased By ▲ 1.07 (9.98%)
TREET 26.20 Increased By ▲ 0.31 (1.2%)
TRG 65.15 Increased By ▲ 0.84 (1.31%)
WAVES 11.10 Increased By ▲ 0.19 (1.74%)
WTL 1.28 Decreased By ▼ -0.01 (-0.78%)
By

VATICAN CITY: Pope Francis said on Sunday that the COVID-19 pandemic was the latest crisis to prove that market forces alone and "trickle-down" economic policies had failed to produce the social benefits their proponents claim.

In an encyclical on the theme of human fraternity, Francis also said private property cannot be considered an absolute right in all cases where some lived extravagantly while others had nothing.

Called "Fratelli Tutti" (Brothers All), the encyclical's title prompted criticism for not using inclusive language after it was announced last month.

In Italian, Fratelli means brothers but it is also used to mean brothers and sisters. The Vatican said it was taken from the "Admonitions", or guidelines, written by St Francis of Assisi in the 13th century to his followers and could not be changed.

Comments

Comments are closed for this article.