Print - 2020-05-02
Russia ditches Putin mosaic in army church

Russia ditches Putin mosaic in army church

A mosaic featuring Russian President Vladimir Putin will no longer be displayed in a grand military church being built outside Moscow after the leader objected, a cleric said on Friday.
Published 02 May, 2020 12:08am
SBP increases financing limit by 150 percent under RFCC

SBP increases financing limit by 150 percent under RFCC

In order to facilitate the health sector in its fight against COVID-19, the State Bank of Pakistan (SBP) has enhanced financing limit by 150 percent for a single hospital or medical center under the Refinance Facility for Combating COVID-19.
Published 02 May, 2020 12:08am
Package should be extended to micro finance enterprises: Ishrat

Package should be extended to micro finance enterprises: Ishrat

Prime Minister's aide on Institutional Reforms and Austerity, Dr. Ishrat Hussain, has suggested that Prime Minister's Relief Package should also be extended to Micro Finance Enterprises which are affected with the outbreak of Covid-19, well informed sourc
Published 02 May, 2020 12:08am
Health professionals claim making drug

Health professionals claim making drug

A team of Pakistani health professionals Friday claimed making anti-coronavirus medicine that could potentially rid the health professionals of use of personal protection equipments (PPEs) and effectively treat Covid-19 within eight days.
Published 02 May, 2020 12:08am
Inflation eases as Covid-19 hammers economy

Inflation eases as Covid-19 hammers economy

Country's consumer price inflation eased to 9.5 percent in April, its statistics office said on Friday, extending a months-long decline as the economy tanks due to the coronavirus crisis despite three interest rate cuts.
Published 02 May, 2020 12:08am
PM highlights 'new jungle jobs' for unemployed

PM highlights 'new jungle jobs' for unemployed

Prime Minister Imran Khan on Friday said paying out-of-work people for planting trees during the coronavirus pandemic was beneficial two ways in the shape of generating employment and ensuring forestation. "Killing two birds with one stone: giving people
Published 02 May, 2020 12:08am
Country cannot afford strict lockdown: Faraz

Country cannot afford strict lockdown: Faraz

Federal Minister for Information and Broadcasting Shibli Faraz has said the country could not afford a complete lockdown due to the economic condition.
Published 02 May, 2020 12:08am
WHO says virus 'natural in origin'

WHO says virus 'natural in origin'

The World Health Organization reiterated Friday that the new coronavirus was of natural origin after US President Donald Trump claimed he had seen evidence it originated in a Chinese lab.
Published 02 May, 2020 12:08am
FBR achieves April revenue target

FBR achieves April revenue target

The Federal Board of Revenue (FBR) announced on Friday that it has met the revenue collection target of Rs 200 billion set for April 2020 and collected Rs 256 billion out of revised annual revenue target of Rs 3908 billion for the current Financial Year.
Published 02 May, 2020 12:08am
Covid-19: NCOC directs RSPs to enhance community mobilization

Covid-19: NCOC directs RSPs to enhance community mobilization

National Command and Operation Centre (NCOC) on Friday directed the Rural Support Programmes (RSPs) spread across various villages and districts of the country to enhance community mobilization for effectively containing Covid-19 pandemic in the country.
Published 02 May, 2020 12:08am
Balcony banners, e-rallies as pandemic curbs May Day demos

Balcony banners, e-rallies as pandemic curbs May Day demos

Workers of the world scaled back their traditional May Day demos Friday with coronavirus lockdowns forcing many to rally online while a determined few hit the streets in face masks. There were arrests in the Philippines, Russia and Turkey, a riot in Indon
Published 02 May, 2020 12:08am
No ban on rice exports, clarifies MNFS&R

No ban on rice exports, clarifies MNFS&R

The ministries of commerce and national food security & research (MNFS&R) have made it clear that there is no ban on exports of rice from Pakistan as the country has sufficient stocks of the commodity.
Published 02 May, 2020 12:08am
Deutsche Bank chairman faces fresh shareholder scrutiny

Deutsche Bank chairman faces fresh shareholder scrutiny

A top shareholder advisor, Glass Lewis, has called on Deutsche Bank investors to vote against ratifying the actions of the bank's chairman, Paul Achleitner, at this month's annual general meeting, citing "performance" concerns.
Published 02 May, 2020 12:08am
Dozens of journalists die from coronavirus since March 1: NGO

Dozens of journalists die from coronavirus since March 1: NGO

Dozens of journalists have died worldwide from the novel coronavirus in the past two months, a press freedom organisation said Friday, lamenting that media workers often lack proper protection for covering the pandemic.
Published 02 May, 2020 12:08am
PMA, PIMA teams meet President

PMA, PIMA teams meet President

President Dr Arif Alvi Friday said that the government would ensure supply of personal protective equipment to doctors as safety of healthcare personnel was its priority.
Published 02 May, 2020 12:08am
'Mysterious drop in number of tests'
Letters

'Mysterious drop in number of tests'

This is apropos a Business Recorder editorial "Mysterious drop in number of tests" carried by the newspaper yesterday. The newspaper has concluded its argument by stating that "As it is, Pakistan's creaking healthcare system is under stress because
Published 02 May, 2020 12:08am
Crew of 'clean' US warship in coronavirus limbo
Articles

Crew of 'clean' US warship in coronavirus limbo

On any given day, the U.S. aircraft carrier Harry S. Truman can be found off the Atlantic coast of the United States, probably somewhere between Virginia and Florida. Its crew would love to come home to their families. But they can't. They're just too val
Published 02 May, 2020 12:08am
Nine lives
Articles

Nine lives

Ramazan Mubarak, Dear Readers. As the nation continues to battle it out with the coronavirus, the experts warn that the Virus War will be entering a critical phase by the time this article is published. May Allah SWT protect our nation and give strength a
Published 02 May, 2020 12:08am
Report on IPPs
Articles

Report on IPPs

The report on the conduct of IPPs has indeed triggered extensive criticism on the profits made by Independent Power Producers (IPPs) in the last four decades and witnessed an extensive media bashing of IPPs on their conduct with an equally-hyped condemnat
Published 02 May, 2020 12:08am
Increase in militancy

Increase in militancy

On this past Sunday, in a clash in North Waziristan two soldiers embraced martyrdom while nine terrorists were killed. In Panjgur, Balochistan, four militants were killed in exchange of fire with security forces. And, along the Line of Control there was o
Published 02 May, 2020 12:08am
Predictable price hike in Ramazan

Predictable price hike in Ramazan

The way this particular federal cabinet has been thumping its chest and rattling its sabre about all the things it is going to do to hoarders, profiteers and market manipulators, it was thought that this Ramazan people might be spared the exploitative pri
Published 02 May, 2020 12:08am
Pharma Bureau donates medical equipment to Ruth Pfau Civil Hospital

Pharma Bureau donates medical equipment to Ruth Pfau Civil Hospital

Pharma Bureau, the representative body of research based multinational pharmaceuticals in Pakistan, has donated biomedical devices to Covid-19 isolation unit and negative ventilation system to medical ICU of Ruth Pfau Civil Hospital Karachi.
Published 02 May, 2020 12:08am
UPaisa offers funds' transfer facility to customers
Business & Economy

UPaisa offers funds' transfer facility to customers

UPaisa customers can now donate to Prime Minister's Corona Relief Fund and Shaukat Khanum with convenience through UPaisa's funds transfer facility. Donations can be sent to multiple organisations which are working for the relief of daily wage workers and
Published 02 May, 2020 12:08am
CRBC donates medical supplies to Pakistan

CRBC donates medical supplies to Pakistan

China Road and Bridge Corporation (CRBC) donated to the Pakistani government a batch of medical supplies that include 20,000 surgical masks, 5,000 N95 masks, 300 protection gowns, 1,000 surgical gloves and 20 temperature checking guns.
Published 02 May, 2020 12:08am
ABAD for taking advantage of low prices of materials
Business & Economy

ABAD for taking advantage of low prices of materials

Mohsin Sheikhani, Chairman Association of Builders and Developers of Pakistan (ABAD), has called upon ever allied industry of construction to join hands to serve the people of this country and make Pakistan's economy strong through taking advantage of low
Published 02 May, 2020 12:08am
FBR extends date of payment of ST and FED
Taxes

FBR extends date of payment of ST and FED

The Federal Board of Revenue (FBR) has extended the date for payment/submission of sales tax and federal excise duty for the tax period of January, February, and March 2020.
Published 02 May, 2020 12:08am
EMPG, OLX Group announce merger
Business & Economy

EMPG, OLX Group announce merger

Emerging Markets Property Group (EMPG), a leading property portal group in emerging markets, and OLX Group, Prosus's global classifieds business, have announced their merger in Pakistan, Egypt, Lebanon and the UAE.
Published 02 May, 2020 12:08am
Pakistan loses top spot in ICC T20 rankings
Cricket

Pakistan loses top spot in ICC T20 rankings

After more than two years, Pakistan has lost its top spot in the International Cricket Council (ICC) T20 rankings, reaching to the fourth position as Australia rose to number one in both Test matches and T20 internationals.
Published 02 May, 2020 12:08am
'International Labour Day' marked

'International Labour Day' marked

On the 'International Labour Day,' Hari Welfare Association (HWA) lamented that across rural areas of Sindh, workers in agriculture, farms, and brick kilns, who are in millions, hardly earn Rs 6000 per month against Rs 17,500 minimum wage promised by the
Published 02 May, 2020 12:08am
DG FDA orders implemention of Anti-Dengue Micro Plan

DG FDA orders implemention of Anti-Dengue Micro Plan

Faisalabad Development Authority (FDA) Director General Muhammad Suhail Khawaja has directed for implementing Anti Dengue Micro Plan in letter and spirit by FDA and WASA and said that regular surveillance be carried out to eliminate the possible larva bre
Published 02 May, 2020 12:08am
Heat waves to hit city from 5th to 8th

Heat waves to hit city from 5th to 8th

The Met Office on Friday alerted the citizens to the heat waves spell in the city from May 5 to May 8, 2020, with a daytime maximum temperature rising up to 42 degrees Celsius.
Published 02 May, 2020 12:08am
662 new cases diagnosed, six more die of Covid-19: Murad

662 new cases diagnosed, six more die of Covid-19: Murad

Sindh Chief Minister Syed Murad Ali Shah Friday said that 662 new cases of coronavirus have been diagnosed while six more people lost their lives. Thus, the death toll has reached 118 or 1.76 percent of the total patients.
Published 02 May, 2020 12:08am
SSGC's monetary support to healthcare institutions
Energy

SSGC's monetary support to healthcare institutions

SSGC realising the hardships of doctors and paramedic staffs in fighting Covid-19 with difficulties in accessing the protective gears, and relevant items in this fight, rose to the occasion and supported leading hospitals/health institutions spread over S
Published 02 May, 2020 12:08am
New York cotton
Cotton & Textile

New York cotton

The following were the fluctuations observed during the day:

Published 02 May, 2020 12:08am
Cotton clocks biggest monthly rise in nearly four years
Cotton & Textile

Cotton clocks biggest monthly rise in nearly four years

ICE cotton futures on Thursday scaled a near 1-1/2-month peak and lodged their best month since July 2016 on a resumption in purchases from China and expectations of a further pickup in demand as economies slowly start to reopen.
Published 02 May, 2020 12:08am
Oil surges as OPEC+ begins record cuts; set for weekly rise
Energy

Oil surges as OPEC+ begins record cuts; set for weekly rise

US oil prices were 4% higher while the front month Brent crude futures rose above $26 per barrel on Friday, with both benchmarks on track for their first weekly gain in four weeks as OPEC and its allies embark on record output cuts to tackle a supply glut
Published 02 May, 2020 12:08am
Copper and other base metals tumble
Commodities

Copper and other base metals tumble

Copper and other base metals prices fell sharply on Friday as a threat by US President Donald Trump to impose new tariffs on China and bleak economic data added to pessimism over the demand outlook.
Published 02 May, 2020 12:08am
Gold prices rebound in Europe
Commodities

Gold prices rebound in Europe

Gold shook off initial losses to post modest gains in volatile trade on Friday as risk sentiment soured on US President Donald Trump's threat to impose new tariffs on China, but bullion was still on track for its worst week since mid-March.
Published 02 May, 2020 12:08am
Iran denies US claim it's helping Venezuela oil sector

Iran denies US claim it's helping Venezuela oil sector

Iran on Friday rejected US claims it is helping Venezuela to rebuild its oil industry, saying the accusations are designed to increase pressure and disrupt the two countries' trade ties.
Published 02 May, 2020 12:08am
Conte apologises to Italians as lockdown nears end

Conte apologises to Italians as lockdown nears end

Prime Minister Giuseppe Conte apologised to Italians on Friday for their economic hardships and promised a brighter future once the lockdown lifts. Italy will begin to emerge from the world's longest coronavirus shutdown on Monday and see whether two mont
Published 02 May, 2020 12:08am
NATO withholds key information on Taliban attacks: watchdog

NATO withholds key information on Taliban attacks: watchdog

NATO's US-led mission in Afghanistan is withholding key information about Taliban attacks, a US government watchdog said Friday, potentially making insights into the war harder just as the Pentagon slashes its troop presence.
Published 02 May, 2020 12:08am
US manufacturing activity plunges to 11-year low
Global Business Economy

US manufacturing activity plunges to 11-year low

US manufacturing activity plunged to an 11-year low in April as the novel coronavirus wreaked havoc on supply chains, suggesting the economy was sinking deeper into recession.
Published 02 May, 2020 12:08am
Legendary drummer Tony Allen dies

Legendary drummer Tony Allen dies

Legendary Nigerian drummer Tony Allen, who created afrobeat along with his old bandmate Fela Kuti, died suddenly at the age of 79 in Paris on Thursday, his manager told AFP.
Published 02 May, 2020 12:08am
Biden says alleged sex assault 'never happened'

Biden says alleged sex assault 'never happened'

US presidential candidate Joe Biden on Friday emphatically denied sexually assaulting a former aide, saying the incident she says occurred 27 years ago "never happened."
Published 02 May, 2020 12:08am
US military sexual assaults increase again in 2019

US military sexual assaults increase again in 2019

The number of sexual assaults in the US military increased again in 2019, though at a lower rate than the previous year, according to an annual Pentagon report published Thursday.
Published 02 May, 2020 12:08am
The Weather

The Weather

The weather report on Friday (May 1, 2020) and the forecast for Saturday (May 2, 2020).

Published 02 May, 2020 12:08am