Thursday, February 6th, 2020
Trump remains a ‘threat to American democracy’: Nancy Pelosi
WASHINGTON, FEB 06 (DNA) : Democratic House speaker Nancy Pelosi denounced the Senate’s acquittal of President Donald Trump on Wednesday and said he remains “an ongoing threat to American democracy.” “Today, the President and Senate Republicans have normalized lawlessness and rejected the system of checks and balances of our Constitution,” Pelosi said in a statement issued after the Senate acquitted Trump of both impeachment articles passed by the House. “The President remains an ongoing threat to American democracy, with his insistence that he is above the law and that heRead More
Israel strikes Gaza again over Palestinian fire
GAZA CITY : Israeli aircraft struck Hamas positions in Gaza early Thursday, the military said, after Palestinians in the enclave again launched projectiles and explosive balloons at the Jewish state. “Fighter jets and (other) aircraft targeted Hamas terror targets throughout the Gaza Strip,” it said in an English language statement. Palestinian security sources and eyewitnesses in Gaza reported hits on unspecified targets north of Al Shati refugee camp near Gaza City and a Hamas facility in the southern Gaza Strip. They said nobody was injured. On Wednesday night the armyRead More
Talks with IMF delegation focused on fiscal adjustments
ISLAMABAD, FEB 06 (DNA) : Pakistan and the visiting International Monetary Fund (IMF) delegation continued their talks on Wednesday to work out a revised budgetary estimate on the exact extent of fiscal adjustments needed to stay on track with commitments. The government plans to introduce the fiscal adjustments in the form of a mini-budget through which it will adopt additional taxation measures that will be implemented by the Federal Bureau Revenue (FBR). It also reportedly plans to revise upward the non-tax revenue target. “One possibility is the addition of moreRead More
Moody’s report underpins stable outlook for Pakistan banking system
LAHORE, FEB 06 (DNA) : Moody’s Investors Service has said in its new report that robust funding, high liquidity and close links with the sovereign underpin its stable outlook for the Pakistan banking system over the next 12-18 months. “The sovereign credit profile has improved in recent months, benefiting the banks through their high exposure to government securities, which account for around 40% of their assets,” said Constantinos Kypreos, Moody’s Senior Vice President. In terms of operating environment, economic activity in Pakistan will also be supported by ongoing infrastructure projectsRead More
India handed third consecutive fine for slow over rate
India’s players were fined 80 per cent of their match fees after Wednesday’s first one-day international against New Zealand for a slow over rate, the International Cricket Council (ICC) announced. It was the third consecutive match that Virat Kohli’s side had been fined for the offence, having been deducted 40 percent following the fourth T20 international against the Black Caps, and 20 percent after the fifth T20I last Sunday, when Rohit Sharma stood in for Kohli as skipper. Kohli accepted the charge after India’s four-wicket defeat in Hamilton on Wednesday.Read More
Pakistan, Bangladesh Test series trophy to be unveiled today
RAWALPINDI, FEB 06 (DNA) : The trophy of the Test series between Pakistan and Bangladesh will be unveiled on Thursday (today) as the first ICC World Test Championship fixture begins tomorrow (Feb 7-11). Practice sessions of both teams are scheduled today. Azhar Ali and Mominul Haque, the opposite captains, will hold pre-series press conferences afterwards and take part in a photo-shoot with the trophy. Pakistan and Bangladesh teams will reach Aiwan-e-Sadr in evening where a ceremony has been arranged in the players’ honor. The toss will take place at 9.30amRead More