Thursday, March 12th, 2020
Gold continues on downwards spiral in coronavirus affected market
KARACHI, MARCH 12 (DNA) : Gold rates in the domestic market registered a drop of Rs600 per tola on Thursday. According to details, per tola price of the precious yellow metal decreased to Rs94,400 while the price of 10 grams was reduced by Rs514 to Rs80,932. Gold inched up on worries about the economic impact of the coronavirus outbreak as the United States suspended travel from virus-hit Europe, although gains were capped as traders covered margin calls after a plunge in, equities. Spot gold rose 0.2% to $1,637.33 per ounceRead More
Total to build France’s biggest battery power storage project
PARIS : Energy major Total said on Thursday it had launched a project to construct the largest battery storage facility in France which could help boost the growth of intermittent renewable power in the French energy mix. The 25 megawatt (MW) capacity battery power storage facility in Dunkirk, northern France, will be used to provide fast power reserve services to support the stability of the French electricity grid, the company said. Total, like other oil majors, is expanding its foothold in the renewables energy sector. It plans to invest aroundRead More
Punjab govt declares medical emergency to contain coronavirus
The Punjab government on Thursday declared a medical emergency after 20 cases of coronavirus were confirmed in the country this week. “All the departments have to work together with the health department,” Punjab Health Minister Yasmeen Rashid said, while speaking to reporters in Lahore. “We need to take the coronavirus epidemic seriously. Precautionary measures such as unnecessarily touching face, shaking hands should be avoided,” she said, adding that precautionary measures will help in curbing the spread of the virus. Rashid added, “If an emergency has been declared, people need toRead More
PM Imran orders timely completion of development projects in Karachi
KARACHI, MARCH 12 (DNA) : Sindh Governor Imran Ismail on Thursday called on Prime Minister Imran Khan here in Islamabad. As per details, during the meeting matters related to the overall political situation of Sindh and ongoing federal government’s development projects were discussed. PM Khan said the federal government is making all-out efforts to play its role regarding developmental needs of Karachi and solution to the problems of the city. “Country’s progress is linked with the development of Karachi,” said prime minister, adding that development of Karachi is a topRead More
China shuts down Everest over coronavirus
China has cancelled permits for Mount Everest because of the coronavirus, expedition organisers said Thursday, ahead of the spring climbing season on the world’s highest peak. Last year’s traffic-clogged spring window saw a record 885 people summit Everest, 644 of them from Nepal and 241 from the northern flank in Tibet. The Nepal side remains open for now although some expedition operators have seen cancellations and climbers have been asked to submit a 14-day travel history and medical reports. The Chinese authorities “have informed us that the mountain will closeRead More
Pakistan Railways giving 10 more trains to private sector
Federal Minister for Railways Shiekh Rasheed Ahmed on Thursday held a press conference stating that the government is mulling over handing 10 more trains to the private sector while 3 more freight trains will also be given to private companies. The minister expanding upon the idea said that the government is also introducing a ‘free track policy’ which will allow private companies to bring in their trains and use Pakistan Railway’s train tracks after paying a set amount to the government for using its resource. Railways Minister Sheikh Rasheed AhmedRead More