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Apr 27, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2020-05-27
World needs 'green recovery', health pros tell G20 leaders

World needs 'green recovery', health pros tell G20 leaders

Trillions of dollars, euros and yuan pouring into post-pandemic economies must build a "healthy and green recovery", 200 medical groups representing 40 million health professionals worldwide told G20 leaders Tuesday in an open letter.
Published 27 May, 2020 12:06am
UK minister quits over Cummings lockdown trip

UK minister quits over Cummings lockdown trip

British Prime Minister Boris Johnson's government was hit by its first resignation on Tuesday over the controversy surrounding his top aide Dominic Cummings' cross-country trip during the coronavirus lockdown.
Published 27 May, 2020 12:06am
IFALPA offers its assistance

IFALPA offers its assistance

The International Federation of Air Line Pilots' Associations (IFALPA) has offered its assistance in the investigation into the crash of PIA Flight PK 8303.
Published 27 May, 2020 12:06am
Airbus team examines crash site

Airbus team examines crash site

An eleven-member team from the Airbus company arrived here on Tuesday from France to assist the Aircraft Accident and Investigation Board (AAIB) in the investigation into the crash of flight PK-8303.
Published 27 May, 2020 12:06am
ECB prepares for the worst: life without the Bundesbank

ECB prepares for the worst: life without the Bundesbank

The European Central Bank (ECB) is drafting contingency plans to carry out its multi-trillion bond-buying programme without the Bundesbank in case Germany's top court forces the main participant in the scheme to quit, four sources told Reuters.
Published 27 May, 2020 12:06am
Army fully alive to threat spectrum: COAS

Army fully alive to threat spectrum: COAS

Chief of Army Staff (COAS) General Qamar Javed Bajwa said Pakistan Army was fully alive to the threat spectrum and would remain ever ready to perform its part in line with national aspirations.
Published 27 May, 2020 12:06am
WHO suspends hydroxychloroquine trial

WHO suspends hydroxychloroquine trial

The World Health Organization said Monday it had temporarily suspended clinical trials of hydroxychloriquine as a potential treatment for COVID-19 being carried out across a range of countries as a precautionary measure.
Published 27 May, 2020 12:06am
UAE crown prince, Turkish president speak to PM

UAE crown prince, Turkish president speak to PM

Prime Minister Imran Khan has said without immediate, coordinated and comprehensive actions to create fiscal space, the developing world may have to contend with dire social, political and economic consequences of the pandemic.
Published 27 May, 2020 12:06am
COVID-19 cases on the rise: No shortage of PPEs, ventilators: NDMA chief

COVID-19 cases on the rise: No shortage of PPEs, ventilators: NDMA chief

As there is no let-up in the coronavirus cases, National Disaster Management Authority (NDMA) Chairman Lt Gen Muhammad Afzal Tuesday said that there was no shortage of Personal Protection Equipment (PPEs) and ventilators to treat the COVID-19 patients in
Published 27 May, 2020 12:06am
Hundreds more Taliban prisoners freed on last day of ceasefire

Hundreds more Taliban prisoners freed on last day of ceasefire

Afghan authorities freed hundreds more Taliban prisoners on Tuesday, as calls grew for the militants to extend a ceasefire on its third and final day. The historic pause in fighting - only the second in nearly 19 years of war - has mostly held across Afgh
Published 27 May, 2020 12:06am
Overseas Pakistanis: PM-formed think tank meets

Overseas Pakistanis: PM-formed think tank meets

A special meeting of the PM-formed think tank was held here during the Eid holidays with Adviser to the Prime Minister on Finance & Revenue Dr Abdul Hafeez Shaikh in the chair.
Published 27 May, 2020 12:06am
'Incapable and politicized' PSM security staff to be laid off

'Incapable and politicized' PSM security staff to be laid off

Pakistan Steel Mills (PSM) management has decided to lay off "incapable and politicized" security staff by hiring a security firm due to 'special interest' of incumbent GM Security despite initial resistance from some Board members, well-informed sources
Published 27 May, 2020 12:06am
First Iranian oil tanker docks in Venezuela

First Iranian oil tanker docks in Venezuela

The first of five Iranian tankers carrying much-needed gasoline and oil derivatives docked in Venezuela on Monday, Caracas announced amid concern in Washington over the burgeoning relationship between countries it sees as international pariahs.
Published 27 May, 2020 12:06am
AMCs, REIT: MUFAP for abolition of 8 percent minimum tax

AMCs, REIT: MUFAP for abolition of 8 percent minimum tax

The mutual fund industry has proposed the government to abolish eight percent minimum tax on Asset Management Companies (AMCs) and real estate investment trust (REIT) Management Companies licensed by the Securities and Exchange Commission of Pakistan (SEC
Published 27 May, 2020 12:06am
New Indian roads, air strips cause border standoff with China

New Indian roads, air strips cause border standoff with China

A Himalayan border standoff between old foes India and China was triggered by India's construction of roads and air strips in the region as it competes with China's spreading Belt and Road initiative, Indian observers said on Tuesday.
Published 27 May, 2020 12:06am
There's no shortage of petrol: PD

There's no shortage of petrol: PD

The Petroleum Division (PD) while rejecting a news item appearing in a section of electronic media about shortage of petrol said sufficient fuel stock was available in the country to meet for 13-day needs.
Published 27 May, 2020 12:06am
Governor's rule on Sindh?
Letters

Governor's rule on Sindh?

How interesting it is that the Minister for Information and Broadcasting Senator Shibli Faraz has vehemently denied what he says the "rumours" circulating on social media regarding imposition of governor's rule on the provinces while his own party and all
Published 27 May, 2020 12:06am
Housing - a fundamental human right
Articles

Housing - a fundamental human right

Article 25 of the Universal Declaration of Human Rights recognizes the right to housing as part of the right to an adequate standard of living. Article 11(1) of the International Covenant on Economic, Social and Cultural Rights (ICESCR) also guarantees th
Published 27 May, 2020 12:06am
The GDP growth rate
Articles

The GDP growth rate

The Pakistan Bureau of Statistics (PBS) has revealed the final estimate of the GDP growth rate for 2018-19 and the preliminary estimate of the GDP growth rate for 2019-20. This is contrary to the past practice whereby GDP estimates were included in the Pa
Published 27 May, 2020 12:06am
A long, dark tunnel

A long, dark tunnel

The World Bank's warning on Tuesday that the coronavirus pandemic could push up to 60 million people into extreme poverty, erasing "all the progress made in poverty alleviation in the past three years", is disturbing but not altogether difficult to unders
Published 27 May, 2020 12:06am
Tax refunds

Tax refunds

Surely, the government understands well enough that it does itself no favours by announcing timely relief measures, giving hope to employers and employees alike in these uncertain times, and then not following up on one promise after another. And some rel
Published 27 May, 2020 12:06am
Zong releases campaign titled #humhainone
Telecommunication

Zong releases campaign titled #humhainone

Zong 4G marks this Eid as a tribute to the resilience of the Pakistani nation as it releases its much-awaited campaign titled #humhainone. As the world continues battling with the pandemic, Zong 4G has come forward with a message of hope, optimism and uni
Published 27 May, 2020 12:06am
FPCCI calls for making Azakhel Dry Port operational
Business & Economy

FPCCI calls for making Azakhel Dry Port operational

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called for making the Azakhel Dry Port operational, increasing the number of railway bogies and allowing of the use of loose cargo for transportation of the Afghan transit trade good
Published 27 May, 2020 12:06am
Sanitary workers' grievances: Supreme Court order not complied with

Sanitary workers' grievances: Supreme Court order not complied with

The Supreme Court's order to pay salaries and pensions and to provide protective gears to the sanitary workers has not been complied with, though the Attorney General for Pakistan and the advocates general of all the provinces and the Islamabad Capital Te
Published 27 May, 2020 12:06am
Youngsters baton-charged for violating ban on swimming in BRB canal

Youngsters baton-charged for violating ban on swimming in BRB canal

The city police sprung into action and baton-charged citizens for violating ban on swimming in the BRB canal, as a good number of people thronged the canal to get respite from the scorching heat as the mercury shot up to 44 degree Celsius in the provincia
Published 27 May, 2020 12:06am
KP chief secy tested positive for Covid-19

KP chief secy tested positive for Covid-19

Khyber Pakhtunkhwa Chief Secretary Dr Kazim Niaz has tested positive for Covid-19 and subsequently gone into quarantine, it emerged on Monday. In a statement, KP Chief Minister Mahmood Khan wished Niaz a speedy recovery. "He [Niaz] has been working day an
Published 27 May, 2020 12:06am
KP government may tighten lockdown, warns CM's aide

KP government may tighten lockdown, warns CM's aide

Adviser to the Khyber Pakhtunkhwa Chief Minister on Information, Ajmal Wazir Khan here on Tuesday warned of further tightening the lockdown if the SOPs were not fully followed by masses or cases of corona pandemic would increase in upcoming days.
Published 27 May, 2020 12:06am
Car-train collision kills four in Pattoki

Car-train collision kills four in Pattoki

At least four people were crushed to death when a passenger train hit the car in Pattoki on Tuesday. According to rescue sources, the passenger train smashed into a car near the Landa Phattak area, killing four people on the spot. Rescue teams reached the
Published 27 May, 2020 12:06am
Buzdar visits Musakhel in Balochistan

Buzdar visits Musakhel in Balochistan

Chief Minister Punjab Sardar Usman Buzdar Tuesday visited Musakhel, the most backward district of Balochistan and met tribal leaders and other notables of the area and greeted Eid.
Published 27 May, 2020 12:06am
Fate of KPT chief tied to audit of stores, hospitals
Business & Economy

Fate of KPT chief tied to audit of stores, hospitals

The Federal Cabinet has reportedly linked action against Chairman KPT with the outcome of special audit of KPT stores and hospitals to be conducted by an audit firm selected through competitive tendering process, well-informed sources told Business Rec
Published 27 May, 2020 12:06am
Eid celebrated with simplicity in Sialkot

Eid celebrated with simplicity in Sialkot

Eidul Fitr was celebrated with simplicity in Sialkot due to the tragic incident of PIA aircraft crash. The Eid prayers were offered at different mosques and open places in the city and other parts of the district.
Published 27 May, 2020 12:06am
'No Eid in our home': families mourn crash victims

'No Eid in our home': families mourn crash victims

As Fazal Rahmaan, 80 and his wife, Wahida Rahmaan, 74, boarded a plane in the Lahore on Friday, their family's biggest fear was that they might get catch the coronavirus on their way to spend the holiday in Karachi.
Published 27 May, 2020 12:06am
Karachiites celebrate Eid with simplicity, religious fervor

Karachiites celebrate Eid with simplicity, religious fervor

The deadly plane crash almost spoiled the traditional festivities of Eidul Fitr as Karachiites who continue to reel under effects of Covid-19, opted to celebrate the mega religious event with simplicity and religious fervor.
Published 27 May, 2020 12:06am
Elahi pays tribute to Khalid Sherdil

Elahi pays tribute to Khalid Sherdil

Speaker Punjab Assembly Ch Parvez Elahi visited the residence of Chief Executive Urban Unit Khalid Sherdil, who died in PIA plane crash. He expressed heartfelt sorrow and grief with the mother of Shaheed Khalid Sherdil, brother Mujahid Sherdil and other f
Published 27 May, 2020 12:06am
Gusty winds may strike Karachi

Gusty winds may strike Karachi

The Met Office on Tuesday issued an alert about gusty winds up to 30 nautical miles an hour may strike Karachi until Thursday. It said the gusty winds between 25 nautical miles and 30 nautical miles are expected to blow from west-southwest across the metr
Published 27 May, 2020 12:06am
Sindh posts 573 new Covid-19 cases, 5 deaths

Sindh posts 573 new Covid-19 cases, 5 deaths

As many as 2327 samples were tested for Covid-19 during the last 24 hours which resulted in 573 new cases while five more patients died lifting the death toll to 374.
Published 27 May, 2020 12:06am
Agriculture relief package may not benefit farmers: expert
Commodities

Agriculture relief package may not benefit farmers: expert

Agriculture is the economic engine of Pakistan and contributes 18.5 percent to the country's Gross Domestic Product (GDP) and provides 38.5 percent employment to the national labour force, though it has always remained a low priority for every elected gov
Published 27 May, 2020 12:06am
PIA plane crash: DNA tests to be completed in 10 days: minister

PIA plane crash: DNA tests to be completed in 10 days: minister

Sindh Information Minister Syed Nasir Hussain Shah has said the process of getting DNA samples of the family members of ill-fated plane crash victims had been started immediately after the crash at the forensic lab of Karachi University. "To help the vict
Published 27 May, 2020 12:06am
Shahbaz worried over rising number of coronavirus cases

Shahbaz worried over rising number of coronavirus cases

Pakistan Muslim League-Nawaz (PML-N) President Mian Shahbaz Sharif on Tuesday expressed concerns over the rising number of coronavirus cases and death rate in Pakistan, and urged the government to devise an effective national strategy to cope with the pan
Published 27 May, 2020 12:06am
DC registers FIR against 5 shopkeepers for overcharging

DC registers FIR against 5 shopkeepers for overcharging

Deputy Commissioner Muhammad Ali registered FIR against 5 shopkeepers for over charging of fruits and other essential items. On some complaints of public regarding overcharging Deputy Commissioner suddenly went to various markets, bazaars and public point
Published 27 May, 2020 12:06am
Governor, CM, Shahbaz offer Eid prayers in Lahore

Governor, CM, Shahbaz offer Eid prayers in Lahore

Governor Punjab Chaudhry Mohammad Sarwar and Chief Minister Sardar Usman Buzdar on Sunday offered Eid prayers separately by following social distancing SOPs. Chaudhry Mohammad Sarwar offered Eid prayers at Governor's House Lahore, while the Chief Minister
Published 27 May, 2020 12:06am
Groom, others arrested over violation of PIDPC Act 2020

Groom, others arrested over violation of PIDPC Act 2020

Assistant Commissioner Sadar Muhammad Umar Maqbool had taken action against marriage function in Royal Palm Marquee and arrested 12 persons including the groom Haseeb and his father and shifted them to Paras Quarantine Center on Jhang Road where they will
Published 27 May, 2020 12:06am
Federation, provinces to decide about lockdown: Governor

Federation, provinces to decide about lockdown: Governor

Expressing concern over surge in cases of coronavirus, Governor Punjab Chaudhry Mohammad Sarwar said that federal and provincial government will decide about relaxing or tightening the lockdown in the country.
Published 27 May, 2020 12:06am
APTPMA urges government to support textile processing industries
Cotton & Textile

APTPMA urges government to support textile processing industries

Central Chairman All Pakistan Textiles Processing Mills Association (APTPMA) Muhammad Pervaiz Lala demanded to support textile processing industries and employment, government should pick two regulatory costs to employers, namely SESSI and EOBI as Pakista
Published 27 May, 2020 12:06am
Israel picks local firm over Chinese for desalination plant
Global Business Economy

Israel picks local firm over Chinese for desalination plant

Israeli authorities on Tuesday named a local company as the winning bidder for a multi-million dollar desalination plant contract, beating out Chinese competition amid reports of pressure from Washington.
Published 27 May, 2020 12:06am
Airlines given $123 billion in state aid
Global Business Economy

Airlines given $123 billion in state aid

Governments have provided airlines $123 billion to help weather the coronavirus storm, the global aviation industry said Tuesday, warning though that the assistance was adding to surging debt in the industry.
Published 27 May, 2020 12:06am
NYSE floor reopens as world tries to kickstart post-virus economy
Stocks

NYSE floor reopens as world tries to kickstart post-virus economy

From the floor of the New York Stock Exchange to the Church of the Nativity, numerous iconic world landmarks reopened on Tuesday as the global economy eased its way out of lockdown. Two months of shutdowns decreed to slow the spread of the coronavirus pan
Published 27 May, 2020 12:06am
Aston Martin CEO steps down as 007 carmarker hits skids
Global Business Economy

Aston Martin CEO steps down as 007 carmarker hits skids

Aston Martin chief executive Andy Palmer has left James Bond's favourite carmaker as it seeks to recover from crashing demand and ballooning losses, the company said Tuesday. Palmer, who oversaw the company's London stock market float two years ago, agree
Published 27 May, 2020 12:06am
US new home sales rebound slightly
Global Business Economy

US new home sales rebound slightly

New US home sales edged up in April after two months of steep declines, but prices continued to fall amid the pandemic shutdowns, according to government data released Tuesday.
Published 27 May, 2020 12:06am
'Kind of Blue' jazz drummer Jimmy dies

'Kind of Blue' jazz drummer Jimmy dies

Jimmy Cobb, the drummer on Miles Davis's 1959 jazz classic "Kind of Blue" - revered by critics as one of the greatest albums of all time - has died aged 91, US media reported Monday.
Published 27 May, 2020 12:06am
Macau casino tycoon Stanley Ho dies

Macau casino tycoon Stanley Ho dies

Stanley Ho, the Hong Kong-born tycoon who made billions transforming neighbouring Macau from a sleepy Portuguese outpost into the world's biggest gambling hub, died on Tuesday at the age of 98, his family said.
Published 27 May, 2020 12:06am
Dino-dooming asteroid hit Earth at 'deadliest possible' angle

Dino-dooming asteroid hit Earth at 'deadliest possible' angle

This much we knew: some 66 million years ago an asteroid roughly twice the diameter of Paris crashed into Earth, wiping out all land-dwelling dinosaurs and 75 percent of life on the planet. What remained a mystery was whether it was a direct hit or more o
Published 27 May, 2020 12:06am
Russia sent jets to Libya to back mercenaries: US

Russia sent jets to Libya to back mercenaries: US

Russia recently sent fighter jets to Libya to support Russian mercenaries fighting for strongman Khalifa Haftar in the long-running conflict, the US military said on Tuesday.
Published 27 May, 2020 12:06am
The Weather

The Weather

The weather report on Tuesday (May 26, 2020) and the forecast for Wednesday (May 27, 2020).

Published 27 May, 2020 12:06am
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