Yearly Archives
2020
Signs suggest delayed Tokyo Olympics to open in July 2021
TOKYO: Tokyo Olympic organisers seem to be leaning away from starting the rescheduled games in the spring of 2021. More and more the signs point toward the summer of 2021.
Japanese media reported on Sunday that the International Olympic…
Another $2m ADB grant to help Pakistan fight Covid-19
PAKISTAN: The Asian Development Bank (ADB) on Monday approved another $2 million grant to support the government’s efforts to combat the coronavirus pandemic in Pakistan.
The new grant supplements an initial $500,000 approved by the bank…
Pakistan will be among hardest-hit economies by coronavirus crisis, says UN report
Developing countries, including Pakistan, will be hit hardest by the economic shockwaves caused by the novel coronavirus crisis that has shaken the world and will need a support package of up to $2.5 trillion to cope with the damage, a…
SCIENCE: NUST’S COVID-19 TESTING KIT
In mid-January 2020, Associate Professor Dr Aneela Javed and Assistant Professor Dr Ali Zohaib had a Eureka moment.
The two young scientists of the Attaur Rahman School of Applied Biosciences (Asab) at the National University of Sciences…
Modi apologises to Indians for 21-day lockdown hardships
Indian Prime Minister Narendra Modi apologised to the public on Sunday for imposing a three-week national lockdown, calling it harsh but “needed to win” the battle against the coronavirus pandemic.
“I apologise for taking these harsh…
MCB Bank’s NPLs soar to record Rs49.42b in 2019
Reduces lending to Rs 540.04b from Rs 546.80 in 2018
By M Jahangir Hayat
LAHORE: MCB Bank’s Non-Performing Loans (NPLs) have touched to a record high of Rs49.42 billion in 2019 from Rs 20. 37 billion in 2015, registering a growth of…
Star footballer Paul Dybala recovers from Corona virus
MILAN: Paulo Dybala, Juventus star, one of the highest-profile players to be infected with the coronavirus, has recovered from the disease and he has started training again . He said corona virus left him struggling for breath.
The…
Here’s how you can get checked for coronavirus in Pakistan
The threat of coronavirus is growing globally even as the numbers continue to decline in China, where the virus was originally reported.
In Pakistan, the federal government and the respective provincial governments have announced a…
‘Don’t take Covid-19 lightly’: KP’s first recovered patient advises
Adil Rehman, 29, a resident of Bara Tehsil in Khyber, became the first Covid-19 patient to have fully recovered from the virus in Khyber Pakhtunkhwa, when he was discharged from the Police Services Hospital in Peshawar on Wednesday.
He…
US places Pakistan on high-priority list for Covid-19 assistance
WASHINGTON: The United States has placed Pakistan among the high-priority countries that will receive US assistance for curbing the outbreak of the deadly coronavirus, a senior American official said.
Briefing journalists in Washington…
Punjab overtakes Sindh in virus cases
KARACHI/LAHORE/ISLAMABAD: The Sindh and Punjab governments on Friday took further stringent measures to contain the spread of coronavirus cases, reducing the shopping hours in order to stem the local transmission of the disease, as the…
COVID-19: Rs 4,000 each to be distributed among 25 lakh families affected by lock-down
By M Jahangir Hayat
LAHORE: As many as Rs4,000 each would be distributed among 25 lakh families affected by the lockdown due to COVID-19 for which Rs10 billion have been allocated. The Punjab government has also decided to waive off…
All educational institutions to remain closed till May 31
By Our Staff Reporter
LAHORE: All educational institutions across Pakistan would remain closed till May 31, as this closure would be treated as summer vacation, read the notification issued by Ministry of Federal Education and…
IMF decides two years debt service relief for poor states
ISLAMABAD: The International Monetary Fund (IMF) Executive Board decided on Friday to allow all member countries with per capita income below the World Bank’s operational threshold for concessional support to qualify for debt service relief…
Habib Bank Limited official runs away with Rs 70.5 million
M Jahangir Hayat
LAHORE: Habib Bank Limited (HBL) Patoki MTO has stolen over Rs 70.5
million cash which was to be uploaded in a nearby Automated Teller
Machines (ATMs) and run away, officials sources told Daily The
Business on Friday.…
SBP and PBA join forces to cope with economic impact of COVID-19 Pandemic
Our Special Correspondent
LAHORE: State Bank of Pakistan (SBP) in collaboration with Pakistan Banks Association (PBA) has announced a comprehensive relief package to tackle growing concerns about the potential economic impact of the…
importers allowed to make Import Advance Payment, Import on Open Account to combat COVID-19
Our Special Correspondent
Lahore: The State Bank of Pakistan (SBP) has allowed all federal and provincial government departments, hospitals in public and private sectors, charitable organizations, manufacturers and commercial importers…
SBP cut policy rate by further 150 basis points
M jahangir Hayat
LAHORE: The State Bank of Pakistan Monetory Policy Committee (MPC) has
decided to cut the policy rate by a further 150 basis points to 11
percent which brings the cumulative easing over the past one week to
225…
Banks to told ensure continuous banking services amid COVID-19 situation
Our Special Correspondent
LAHORE: SBP held a meeting with banks today,through link, to assess their readiness to SBP takes measures to ensure continuous availability of banking services amid COVID-19 situation
SBP held a meeting…