Monday, April 6th, 2020
Jahangir Tareen’s sugar mill stocks plummet after damning inquiry report
ISLAMABAD, APR 6 – The share of JDW Sugar Mills Limited, owned by PTI’s Jahangir Khan Tareen, hit its lowest limit after falling Rs21.05 from its opening price on Monday. The market reaction comes after the prime minister’s inquiry committee, which was investigating the recent sugar crisis, identified Tareen’s mills as the largest beneficiary of total export subsidies worth Rs2.4 billion that the Punjab government gave to sugar mills based in the province. The report, published on Saturday, cited untimely exports as the major cause of the sugar crisis in Pakistan, which started last year andRead More
Italy records lowest virus death toll in over two weeks
ROME , APR 6 – Italy recorded its lowest daily death toll from the novel coronavirus in over two weeks and saw the number of critical care patients decline for the second day. The 525 official COVID-19 fatalities reported by the civil protection service were the lowest since 427 registered on March 19. “This is good news but we should not let our guard down,” civil protection service chief Angelo Borrelli told reporters. Officials also reported the first decline in the number of non-critical COVID-19 patients receiving hospital care. ThatRead More
Nausheen Javaid Amjad appointed new FBR chairperson
ISLAMABAD, APR 6 – Nausheen Javed Amjad has appointed as new Federal Board of Revenue chairperson. Her appointment notification was issued on Monday after the federal cabinet approved it. Amjad was serving as the acting FBR chief after Shabbar Zaidi stepped down on February 11. Zaidi said that he has been advised by his doctors not to take stress, and rest. He confirmed that he does not plan on rejoining once he feels better. Zaidi had taken a sick leave from January 6 to January 19. Many people speculated that differencesRead More
SCO Secy Gen to visit Pakistan
ISLAMABAD, APR 6 (DNA) – Foreign Minister Makhdoom Shah Mahmood Qureshi held a telephone conversation with the Secretary General of Shanghai Cooperation Organization (SCO), Mr. Vladimir Norov. Both leaders exchanged views on adopting an effective strategy to contain the COVID-19 Pandemic and facing the challenges posed by it. The Foreign Minister briefed the Secretary General on the measures being taken by Pakistan to contain Covid-19 Pandemic. He said that Pakistan attached high importance to SCO as its member states comprised more than 40% of the world population and accounted forRead More
Japan offers assistance, expertise to Pakistan
ISLAMABAD, APR 6 (DNA) – Ambassador of Japan, Kuninori Matsuda said that the Japanese government was ready to provide its expertise and any sort of assistance to the government of Pakistan if required in the current hard times. “Japanese Government supports the people of Pakistan in these trying times and is ready to offer its expertise and any sort of assistance to the government of Pakistan if the situation so requires,” the Ambassador told Adviser to the Prime Minister on Finance and Revenue, Dr Abdul Hafeez Shaikh during a callRead More
NAM member states do not recognize the so-called “elections” in Nagorno-Karabakh
On April 4, the Coordinating Bureau of the Non-Aligned Movement (NAM) issued a statement on the so-called “elections” in the occupied territories of the Republic of Azerbaijan, the Ministry of Foreign Affairs told. The Non-Aligned Movement, the second largest political platform after the UN and uniting 120 countries, stressed that the acquisition of territories by force is unacceptable and stated that the situation after the occupation of the territories of the Republic of Azerbaijan will not be legally recognized by any country. In this regard, the Non-Aligned Movement member statesRead More