Monday, February 24th, 2020
Oil prices tumble over 2pc on demand concerns
SINGAPORE, FEB 24 (DNA) : Oil prices tumbled more than 2% on Monday, as the rapid spread of a coronavirus in several countries outside China left investors fretting about a hit to demand. Global shares also extended losses as concerns about the impact of the new virus grew, with the number of infections jumping in Iran, Italy and South Korea. Brent crude fell by $1.42, or 2.4%, to $57.08 a barrel by 0552 GMT, but off a low of $56.53 touched earlier. U.S. crude futures fell by $1.26, or 2.4%,Read More
Gold jumps to new peak as virus spread spurs safe-haven demand
Gold prices climbed more than 2 percent on Monday to their highest since February 2013, as spikes in coronavirus cases in several countries outside China deepened worries about a hit to the global economic growth, prompting a flight to safe havens. In Pakistan, local bullion price of one tola gold on Monday rose to all-time high of Rs96,300, showing a sharp jump of Rs2,000. This is the fourth time this year that domestic gold prices have broken previous records on the back of soaring international prices. Experts have opined thatRead More
Pakistan to continue supporting Azerbaijan on Nagorno-Karabakh: Senator Mushahid
Ambassador Alizade says double standards on Nagorno-Karabakh and Kashmir must be shelved; thanks Pakistan for whole-hearted support BY ANSAR MAHMOOD BHATTI ISLAMABAD, FEB 24 (DNA) -The Khojaly genocide is one of the most serious crimes in history not only against the people of Azerbaijan but humanity as a whole said Senator Mushahid Hussain Sayed Chairman Senate Defence Committee, on Monday. He expressed these views at a Seminar on “Together for Peace and Humanity. End to Etnic Cleansing and Genocide” dedicated to 28th anniversary of Khojaly Genocideorganised by NUML in collaboration withRead More
PM Imran calls meeting to contain power sector’s skyrocketing circular debt
ISLAMABAD, FEB 24 (DNA) : Prime Minister Imran Khan has summoned an important meeting with NEPRA Chairman Tauseef Farooqi and Federal Minister for Energy Omar Ayub Khan to find a solution to the menace of skyrocketing circular debt in the power sector – as the overall liabilities rose to Rs1.782 trillion by December 2019, up 34 per cent since September 2018 when PTI came to power. The premier aims to restrict further increase in the electricity tariffs, and has sought recommendations from the NEPRA’s chairman, Mr Omar Ayub and AdvisorRead More
Pervez Musharraf’s appeal against SC registrar office’s decision adjourned
ISLAMABAD, FEB 24 (DNA) : Former president General (retd) Pervez Musharraf’s appeal against Supreme Court registrar office’s decision has been adjourned till Tuesday. The appeal has been postponed due to Justice Umar Ata Bandial’s unavailability. Pervez Musharraf had moved the apex court after he was sentenced to death by a special court in high treason case. The top court registrar office turned down the erstwhile president’s appeal against the special court’s verdict maintaining that the plea cannot be entertained till Pervez Musharraf surrenders himself. The former president then lodged an appealRead More
Resolution seeking Farogh Naseem, Shahzad Akbar’s resignations tabled in PA
LAHORE, FEB 24 (DNA) : A resolution seeking resignations of Federal minister for Law Farogh Naseem and Special Assistant to Prime Minister on Accountability Shahzad Akbar has been tabled in Punjab Assembly today (Monday). According to details, the resolution presented by Pakistan Muslim League-Nawaz (PML-N) member of provincial assembly Uzma Bukhari also demanded contempt of court inquiry against the federal minister and special assistant. On the other hand, Farogh Naseem has apologized to former Attorney General of Pakistan (AGP) Anwar Mansoor over statement against him. He said that Anwar Mansoor is likeRead More