Friday, April 3rd, 2020
PCDMA seeks loans for 1 year to overcome liquidity crunch
KARACHI, APR 03 (DNA) – Amin Yusuf Balgamwala, chairman, Pakistan Chemicals & Dyes Merchants Association (PCDMA) and former director, Karachi Stock Exchange, has said that commercial importers are facing a severe financial crisis due to lockdown and the closure of trade and industry. “After the lockdown period, import of goods including raw material will not be able to be restored, which could cause industries to suffer shortages of raw materials, so commercial importers will be given loans with easy terms for a year,” he demanded. In a statement on Friday,Read More
Australia’s Pat Cummins keeps fingers crossed for T20 World Cup
DUBAI, APR 3 – Australia fast bowler Pat Cummins expressed excitement for the ICC Men’s T20 World Cup 2020, which is scheduled to be played at home in October, while acknowledging that things could ‘change pretty quickly’. Amid the ongoing global crisis, players have been forced into a long break. Australia had to cancel their limited-overs series against New Zealand last month after just one game and their two-Test series against Bangladesh in June could also be affected. The Indian Premier League, which Pat Cummins is a part of alongsideRead More
Pakistan overreacting to pandemic: FPCCI
KARACHI, APR 03 (DNA) – FPCCI’s Businessmen Panel SVP, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday said coronavirus has not damaged Pakistan as much as it has devastated other countries. The incidence of pandemic is not very severe in the country but the reaction is more than desired, he added. Mian Zahid Hussain said that closing down industrial sector is easy but restarting operations is not a piece of cake. Talking to the business community, the veteranRead More
Consumption of domestic cement declined by 16.70 percent in March
KARACHI, APR 03 (DNA) – As expected Coronavirus had its impact on domestic consumption that declined by 16.70 percent in March while the exports grew at lowest pace of 5.27 percent as the global markets are equally under pressure due to the same reason. According to the data of APCMA in March, the industry despatched 3.721 million tons of cement that was 14.26 percent less than the despatches of 4.340 million tons during the corresponding month of last year. The pressure was heavier from the domestic market where the uptakeRead More
China donates 60000 protective masks to KP
PESHAWAR, APR 3 (DNA) – The CGGC ( China Gezhouba Group Company) Country Head Pakistan, Shi Yu called on Chief Minister Khyber Pakhtunkhwa, Mahmood Khan this afternoon & donate 60000 Protective masks &:1000 3M brand protective suits as a gesture of Good well. The CM KP Mahmood Khan appreciated the friendly gesture of good well from time tested friend China.=DNA =============
Pak Diaspora in Morocco asked to contact embassy for help
RABAT, APR 3 (DNA) – Hamid Asghar Khan Ambassador of Pakistan to Morocco has urged Pakistani Diaspora living in Morocco to come forward and donate to Prime Minister relief fund. He also called upon them to contact Pakistan embassy in case they need any assistance. He expressed these views in a letter written to Pakistani Diaspora living in Morocco. He added outbreak of corona virus has presented mankind with a sudden, acute and unique challenge, and all of our lives have been affected by it. “At this difficult time, asRead More