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Apr 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

coronavirus pandemic

CAA likely to lift in-flight ban on meal service
Pakistan

CAA likely to lift in-flight ban on meal service

  • The CAA air transport director says that the efforts remained successful to contain the spread of the coronavirus pandemic
  • The aviation authority recommends that permission on meal and beverages onboard may be offered on domestic flights within Pakistan
Published 04 Mar, 2021 11:52am
Ryanair hopes for 60-70pc of normal traffic this summer
Business & Finance

Ryanair hopes for 60-70pc of normal traffic this summer

  • "We would be hopeful that we could fly maybe 60, 70% of our normal traffic volumes during the peak summer months ... June, July, August and September," he said. "That's about as optimistic as its going to get."
  • "We don't need a taskforce, we just need action," O'Leary said. "The real challenge is timing here ... we need to give them the clarity to book their summer holidays."
Published 03 Mar, 2021 06:39pm
US shale output won't return to pre-pandemic levels: Occidental CEO
Business & Finance

US shale output won't return to pre-pandemic levels: Occidental CEO

  • The recovery is looking really good to us. If you look at what's happening in India as well as the US, I think the oil industry is looking like things will be pretty good for us over next couple of years.
  • "The severe drop in activity in the US along with the high decline rates of shale and the pressure from investment community to maintain discipline instead of growth means in my view that shale will not get back to where it was in the US."
Published 02 Mar, 2021 09:14pm
South Africa seeks to lift infrastructure investment with change to pension fund rules
World

South Africa seeks to lift infrastructure investment with change to pension fund rules

  • Africa's most industrialised nation - the hardest-hit by the coronavirus pandemic on the continent - has put public works in sectors such as transport, energy and water at the heart of its economic recovery plans.
  • They also say overall investment in infrastructure across all asset categories may not exceed 45% of domestic exposure and an additional 10% for the rest of Africa.
Updated 27 Feb, 2021 09:09pm
Chile says November to January jobless rate 10.2pc
World

Chile says November to January jobless rate 10.2pc

  • Unemployment in Chile, the world's top copper producer, hit a decade-long high of 13.1% in July, during the peak of the pandemic. The jobless rate during the October to December period was 10.3%.
Published 26 Feb, 2021 07:03pm
Swiss industry calls for extension to short-time work scheme
Business & Finance

Swiss industry calls for extension to short-time work scheme

  • The maximum period for short-time work compensation needs to be raised to 24 months," said Martin Hirzel, president of Swissmem.
  • Swissmem said annual orders for its members fell by 6.5% in 2020 compared with a year earlier, while sales fell 9.8%. The number of people working in the sector fell by 2% to 319,300.
Published 24 Feb, 2021 06:51pm