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Print - 2020-05-17
Tourists back in Vietnam's Ha Long Bay

Tourists back in Vietnam's Ha Long Bay

Vietnamese flocked to scenic spots and beaches Saturday, leaping at the chance to travel as the communist government eases restrictions on domestic movement to revive a tourism sector devastated by the coronavirus.
Updated 17 May, 2020 05:18am
Category-IV of Ehsaas Programme to begin tomorrow

Category-IV of Ehsaas Programme to begin tomorrow

The newly-added category-IV of ongoing Ehsaas Emergency Cash Programme to provide financial assistance to those who have lost their livelihoods as a result of the outbreak of coronavirus in Pakistan would start Monday (May 18).
Updated 17 May, 2020 05:14am
Lockdown essential, legislative scheme unfazed, SC informed

Lockdown essential, legislative scheme unfazed, SC informed

The Punjab and the Sindh governments informed the Supreme Court that lockdown is essential for the public health and maintenance of public order therefore, with these steps to control coronavirus pandemic, legislative scheme is not disturbed.
Updated 17 May, 2020 05:14am
KP: Public transport to reopen tomorrow

KP: Public transport to reopen tomorrow

The provincial government of Khyber Pakhtunkhwa Saturday further eased lockdown and allowed conditional plying of public transport in the province from tomorrow (Monday). However, general public holiday was extended end of the current month (May 31, 2020)
Updated 17 May, 2020 05:14am
Eid holidays announced

Eid holidays announced

The federal government announced on Saturday that there will be public holidays from May 22 to May 27 for Eid-ul-Fitr.
Updated 17 May, 2020 05:15am
PIA resumes partial domestic operations

PIA resumes partial domestic operations

PIA Domestic Flight Operation resumed partially on 16 May 2020. The first domestic flight PK 8304 took off from Jinnah International Airport for Lahore on Saturday afternoon at 1:30 pm carrying 84 passengers while the return flight PK 8305 took off from A
Updated 17 May, 2020 05:15am
Beaches and football as Europe relaxes virus restrictions

Beaches and football as Europe relaxes virus restrictions

Beaches in France and Italy were open Saturday for the first weekend since the easing of coronavirus lockdowns while football fans awaited the return of major league action with Germany's Bundesliga set to kick off.
Published 17 May, 2020 12:03am
Sindh to resume public transport soon: minister

Sindh to resume public transport soon: minister

Sindh Transport Minister Syed Awais Qadir Shah has announced resumption of public transport in the province before or after Eid ul Fitr, without giving a specific date.
Published 17 May, 2020 12:03am
China tells US to stop 'unreasonable suppression' of Huawei

China tells US to stop 'unreasonable suppression' of Huawei

Beijing has urged the United States to stop the "unreasonable suppression of Huawei and Chinese enterprises" after Washington announced new export controls to restrict the tech giant's access to semiconductor technology.
Updated 17 May, 2020 05:15am
RLNG's UFG: PD-Ogra dispute lands in ECC

RLNG's UFG: PD-Ogra dispute lands in ECC

The dispute between Petroleum Division and Oil and Gas Regulatory Authority (Ogra) on a proposal meant to recover RLNG's UFG from RLNG consumers in a staggered manner with the least impact on the current RLNG sale price has landed in the Economic Coordina
Updated 17 May, 2020 05:15am
Trump fires State Dept watchdog said to be probing Pompeo

Trump fires State Dept watchdog said to be probing Pompeo

A government watchdog fired suddenly by Donald Trump was investigating Secretary of State Mike Pompeo, said a Democratic lawmaker who accused the president of committing a potentially illegal act of retribution.
Updated 17 May, 2020 05:15am
Afghan border to open for 6 days per week

Afghan border to open for 6 days per week

The government on Saturday announced opening of Pakistan-Afghanistan border at Torkham and Chaman posts round the clock for six days per week.
Published 17 May, 2020 12:03am
Proposed development budget discussed

Proposed development budget discussed

Minister for Planning and Development Asad Umar Saturday said that the government will ensure provision of funds for projects in Karachi.
Published 17 May, 2020 12:03am
ECC told: Provinces, PASSCO procure 3.422m tons of wheat so far

ECC told: Provinces, PASSCO procure 3.422m tons of wheat so far

A meeting of the Economic Coordination Committee (ECC) of the Cabinet has been informed by the Ministry of National Food Security and Research that provinces and the PASSCO have so far procured only 3.422 million tons wheat against or 41.9 percent of the
Published 17 May, 2020 12:03am
Sudan inflation soars to 99% as food prices rise

Sudan inflation soars to 99% as food prices rise

Inflation in Sudan jumped to 99 percent because of rising food prices, official figures showed Saturday, more than a year after the country was rocked by protests sparked by bread price hikes.
Published 17 May, 2020 12:03am
30 migrant workers killed in India lockdown crashes

30 migrant workers killed in India lockdown crashes

At least 30 Indian migrant workers were killed Saturday in road accidents as they tried to return to their home villages during a nationwide coronavirus lockdown, officials said.
Published 17 May, 2020 12:03am
France arrests 'financier' of Rwanda genocide

France arrests 'financier' of Rwanda genocide

France on Saturday arrested Felicien Kabuga, one of the last key fugitives wanted over 1994 Rwandan genocide, leaving him facing a likely trial at an international tribunal after a quarter of a century on the run.
Published 17 May, 2020 12:03am
PM Office's 4 staff members test positive?

PM Office's 4 staff members test positive?

Four staff members of the Prime Minister's Office are said to have been sent to quarantine centres after they tested positive for Covid-19..
Published 17 May, 2020 12:03am
Ruet-e-Hilal session to begin on 23rd

Ruet-e-Hilal session to begin on 23rd

A Ruet-e-Hilal Committee session has been called for May 23 to sight the Shawwal moon to announce the next Islamic month in the lunar calendar.
Published 17 May, 2020 12:03am
Flour millers decide to shut down operations in 3 provinces

Flour millers decide to shut down operations in 3 provinces

Flour millers of Punjab, Balochistan and Khyber Pakhtunkhwa have announced to shut down their operations from Monday as a protest against the Punjab food department and district administrations raiding the mills' godowns under the pretext of anti-hoarding
Published 17 May, 2020 12:03am
Business hours
Letters

Business hours

There is little or no clarity about government's strategy in relation to lockdowns. Small shopkeepers and vendors have been allowed to open up their businesses as early as 6am in the morning. Such businesspeople, however, do not open their shops or premis
Published 17 May, 2020 12:03am
Tobacco industry - Pakistan's Giffen Paradox?
Articles

Tobacco industry - Pakistan's Giffen Paradox?

Many governments around the world keep a close eye on the use of tobacco - mostly used in cigarettes. Many countries increase taxes over time to reduce its consumption - the classic demand theory where increase in price of a commodity decreases its demand
Published 17 May, 2020 12:03am
The going gets tougher
Articles

The going gets tougher

As new data comes in, the bitter reality is sinking. The global economic slowdown is expected to be worse than what was earlier expected. There could be further downside risks to global economic growth outlook of minus 3 percent in 2020. No economist in t
Published 17 May, 2020 12:03am
Trump fighting a losing battle

Trump fighting a losing battle

Playing out to domestic opinion in an election year, US President Donald Trump has repeatedly been calling coronavirus as the "Chinese virus" in an obvious attempt to shift the blame for his initial failure to recognise the seriousness of the contagion wh
Updated 17 May, 2020 10:26am
Need for unity in the corona war

Need for unity in the corona war

Sindh Chief Minister Murad Ali Shah was spot on when he said that there was an urgent need for unity and an identical narrative in the fight against the coronavirus. "This is a war and only those nations win who demonstrate national unity, cohesion [and]
Updated 17 May, 2020 10:28am
MQM-P offers support to traders

MQM-P offers support to traders

Muttahida Qaumi Movement (MQM-P) Saturday extended support to traders and businessmen saying that the party would join them if they take to streets due to their hardships, caused by lockdown.
Published 17 May, 2020 12:03am
Hot and dry weather likely

Hot and dry weather likely

Mainly hot and dry weather is expected in most parts of the country in the next 24 hours, the Met Office said on Saturday. However, it said, rain wind-thunderstorm was likely in upper Khyber Pakhtunkhwa, Gilgit-Baltistan, Kashmir and its adjoining hilly a
Published 17 May, 2020 12:03am
Impending locust attack on cotton
Cotton & Textile

Impending locust attack on cotton

Impending locust attack on cotton is making cotton growers worry that if the preventive measures will not be taken, this year cotton yield will be low as compared to previous years. The growers of Matiari, Bhtishah, Hala and other surrounding areas of Hyd
Published 17 May, 2020 12:03am
PSX lists BankIslami Ehad Sukuk Certificates
Stocks

PSX lists BankIslami Ehad Sukuk Certificates

Pakistan Stock Exchange (PSX) has announced the listing of BankIslami Pakistan Limited (BankIslami) Ehad Sukuk Certificates with effect from May 14 whereas trading in the same has commenced from Friday, May 15.
Published 17 May, 2020 12:03am
Smoking causes 166,000 deaths annually in Pakistan

Smoking causes 166,000 deaths annually in Pakistan

The tobacco industry is causing an economic burden of Rs192 billion per year, whereas smoking causes 166,000 deaths annually in Pakistan and increases the financial and health burdens of the users.
Published 17 May, 2020 12:03am
PML-N MPA moves resolution against NAB

PML-N MPA moves resolution against NAB

Pakistan Muslim League-Nawaz (PML-N) MPA has moved a resolution in the Punjab Assembly against the National Accountability Bureau (NAB), condemning the NAB cases against the Sharif family members.
Published 17 May, 2020 12:03am
Child pornographer: LHC to rehear appeal on 19th

Child pornographer: LHC to rehear appeal on 19th

The Lahore High Court would rehear an appeal of Saadat Amin of Sargodha on May 19 who was convicted in 2018 as part of an international nexus of child pornographers and released on bail by LHC two days ago.
Published 17 May, 2020 12:03am
Former ZTBL president for revival of KSSL, AZS
Money & Banking

Former ZTBL president for revival of KSSL, AZS

The State Bank of Pakistan (SBP) should ask the Zarai Taraqiati Bank Ltd (ZTBL) to revive Awami Zarai Scheme (AZS), reactivate Kissan Support Services Ltd (KSSL) and pursue the commercial banks through penalties to disburse agricultural credit to farmers.
Published 17 May, 2020 12:03am
Strict action being taken against hoarders: Aleem

Strict action being taken against hoarders: Aleem

In line with the directions of Senior Food Minister Punjab Abdul Aleem Khan, the Food Department has been mobilized across the province and raids are being carried out in various districts of South Punjab against illegal stockiest of wheat even on holiday
Published 17 May, 2020 12:03am
IBA Karachi revamps admission process for MBA

IBA Karachi revamps admission process for MBA

In response to the disruption caused by the coronavirus pandemic, the IBA Karachi has revamped the admission process for its flagship MBA program for the upcoming admission cycle.
Published 17 May, 2020 12:03am
APBF seeks further cut in interest rate
Business & Economy

APBF seeks further cut in interest rate

The representatives of business community have asked the government to take concrete steps to keep the industrial wheel moving and facilitate the businesses, which are playing a great role in providing jobs to the people and revenue to the government.
Published 17 May, 2020 12:03am
Covid-19 cases surge to 921 in capital

Covid-19 cases surge to 921 in capital

The number of positive Covid-19 cases reported in the federal capital rose to 921 on Saturday, after 55 more people were diagnosed with the deadly disease, official data revealed.
Published 17 May, 2020 12:03am
Crime rate declined in capital city last week

Crime rate declined in capital city last week

The capital city witnessed a decline in crime rate during the last week as only three cases of various kinds of theft, four cases of carjacking, and a case of murder were reported to various police stations of the city.
Published 17 May, 2020 12:03am
FO rejects Indian army chief's allegation

FO rejects Indian army chief's allegation

Responding to media queries, the Foreign Office spokesperson said we reject Indian army chief's recent comments levelling allegations against Pakistan and hurling threats, said a press release issued on Saturday.
Published 17 May, 2020 12:03am
PIA brings 250 Pakistanis from Jeddah

PIA brings 250 Pakistanis from Jeddah

The PIA special flight PK 8732 carrying 250 passengers departed Jeddah for Karachi today at 1500 hours, said a press release issued on Saturday. It was first special PIA flight to Karachi from Jeddah after the suspension of international flights due to Co
Published 17 May, 2020 12:03am
EMPG acquires Lamudi Global
Business & Economy

EMPG acquires Lamudi Global

EMPG, the parent company of Pakistan's largest real estate portal Zameen and one of the leading digital classifieds groups in the MENA, South Asia and Southeast Asia regions, has announced its acquisition of Lamudi Global, which has businesses in Philippi
Published 17 May, 2020 12:03am
PIA brings 257 stranded Pakistanis from Iraq

PIA brings 257 stranded Pakistanis from Iraq

A special plane of the Pakistan International Airlines (PIA) carrying 257 stranded Pakistani nationals arrived on Saturday from Iraq. Ambassador of Pakistan to Iraq Sajid Bilal saw off the passengers at the airport.
Published 17 May, 2020 12:03am
ANP rejects 10th NFC, demands reconstitution

ANP rejects 10th NFC, demands reconstitution

Awami National Party President Asfandyar Wali Khan Saturday rejected 10th National Finance Commission (NFC), saying that the inclusion of unrelated and non-local is tantamount to compromise on provincial autonomy and right. He demanded of the government t
Published 17 May, 2020 12:03am
US natural gas futures rise on small storage build
Energy

US natural gas futures rise on small storage build

US natural gas futures rose 4% on Thursday on a smaller-than-expected storage build and a slowdown in output as energy firms shut oil wells and slashed spending on new drilling after crude prices collapsed over the past couple of months due in part to dem
Published 17 May, 2020 12:03am
Cotton spot rate remains unchanged
Cotton & Textile

Cotton spot rate remains unchanged

In the local cotton market some trading activity was witnessed after the easing of long lockdown.
Published 17 May, 2020 12:03am
CBOT soyabean futures decline for 3rd session
Commodities

CBOT soyabean futures decline for 3rd session

Chicago Board of Trade soyabean futures closed lower on Thursday for a third straight session as generally favorable US crop weather bolstered expectations for a large crop and overshadowed supportive news of fresh US soya sales to China, traders said.
Published 17 May, 2020 12:03am
China iron ore futures hit nearly 9-1/2-month high
Commodities

China iron ore futures hit nearly 9-1/2-month high

Benchmark iron ore futures in China jumped to their highest level in over nine and a half months on Wednesday, driven by higher demand for the steelmaking ingredient as steel mills ramped up output amid improving profit margins.
Published 17 May, 2020 12:03am
Beatles photographer Astrid Kirchherr dies

Beatles photographer Astrid Kirchherr dies

German photographer Astrid Kirchherr, whose striking images of The Beatles in the early 1960s helped turn them into cultural icons, has died aged 81, German media reported Saturday.
Updated 17 May, 2020 05:18am
Air Canada to lay off half its workforce
Global Business Economy

Air Canada to lay off half its workforce

Air Canada announced Friday that it will lay off at least half of its staff due to the collapse of its business during the coronavirus pandemic. The airline decided to slash its workforce after reducing flights by 95 percent due to border closures and loc
Updated 17 May, 2020 05:18am
Lebanon army says arrests 16 over 'illegal' currency ring

Lebanon army says arrests 16 over 'illegal' currency ring

Sixteen people in Lebanon, mostly Syrians, have been arrested for money transfers and "illegal" currency exchange operations, the army said Saturday, amid a government crackdown on exchange rate manipulation. The army said it had arrested 13 Syrians and t
Published 17 May, 2020 12:03am
China calls on US to pay its debts to the United Nations
Global Business Economy

China calls on US to pay its debts to the United Nations

China on Friday issued a statement calling on all UN member states to "actively fulfill their financial obligations to the United Nations," stressing that Washington owes the organization more than $2 billion.
Updated 17 May, 2020 05:18am
The Weather

The Weather

The weather report on Saturday (May 16, 2020) and the forecast for Sunday (May 17, 2020).

Published 17 May, 2020 12:03am
Cotton Spot Rates
Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (May 16, 2020).

Published 17 May, 2020 12:03am