Thursday, May 7th, 2020
Secured Transactions Registry Inaugurated
A.M.BHATTI ISLAMABAD: Dr. Abdul Hafeez Shaikh, Advisor to the Prime Minister on Finance and Revenue, formally launched the Secured Transactions Registry (STR) today. The STR, established under the Financial Institutions (Secured Transactions) Act, 2016,for registration of security interests/charges created by entities other than companies on their movable assets,has been operationalized by the Securities and Exchange Commission of Pakistan (SECP).The STR is an electronic register that can be accessed through a dedicated website 24/7. Financial institutions can now file security interests online. Registration process is fully automated and the registry isRead More
Turkey sends Ramadan aid to Pakistan
ISLAMABAD, DNA Turkey’s state-run aid distributed food packages to 600 families in Pakistan’s northeastern Punjab and northwestern Khyber Pakhtunkhwa provinces. The ongoing lockdown to curb the spread of coronavirus has deprived a large number of daily wage workers of their source of income. Some 300 food ration bags were distributed in the city of Lahore and as many were distribute in Mardan, said a statement by the Turkish Cooperation and Coordination Agency (TIKA). In Mardan, Pakistani lawmaker Shaheen Saifullah distributed the aid among the parents of deaf and muteRead More
Pakistan going for COVID-19 exit strategy: Report
ISLAMABAD, May 7 (DNA) – With carrot and stick policy, Pakistan COVID-19 exit strategy pivoting on gradual resumption of markets, home isolation and smart sampling is all set to come into force. It is programmed to restart economic engine and restore social activities blown to smithereens over the last two months of lockdown in the length and breadth of the country, says a report published by Gwadar Pro on Thursday. COVID-19 exit strategy is susceptible to get reversed if people do not act in conformity with set guidelinesRead More
Coronavirus: Germany reopens shops as lockdown is relaxed
Germany re-opens, football league allowed to resume BERLIN (DNA) -Chancellor Angela Merkel has said Germany’s goal of slowing the spread of coronavirus has been achieved, so all shops can be reopened as lockdown restrictions are eased. Bundesliga football has been given the green light to resume and schools will gradually reopen in the summer term. Germany’s 16 federal states, under an agreement with the government, will take control of timing the reopening. They will operate an “emergency brake” if there is a new surge in infections.Read More