Saturday, May 16th, 2020
World Bank provides over US$370 million to Central Asian countries to combat coronavirus
Tashkent, MAY 16 – – The World Bank has provided more than US$370 million to Central Asian countries to combat coronavirus (COVID-19). Funds were allocated as part of the global emergency response package, as well as reallocated from projects currently being implemented in these countries with the financial assistance of the World Bank. “The World Bank has quickly mobilized funds to counter the COVID-19 pandemic. Together with the governments of Central Asian states, we are also reviewing our investment portfolio in the region for a total of US$9.7 billion to provideRead More
PM’s transport decision in the best national interest
ISLAMABAD, MAY 16 (DNA) – Leader of the business community and former President ICCI Shahid Rasheed Butt on Saturday demand immediate reopening of all the shopping malls and departmental stores. All the shopping malls and megastores should be reopened to provide relief to thousands of businessmen and their employees while it will also help masses to buy needed items for upcoming Eid, he said. Shahid Rasheed Butt said that the timings of shops and markets should be increased to reduce crowd which can result in infection. He said that the governmentRead More
No downgrading of Pak B3 rating’
ISLAMABAD, MAY 15 (DNA) – The Ministry of Finance has said that the rating review conducted by Moody’s Investor Service on 14th May 2020 does not downgrade Pakistan’s B3 rating. In a statement, the Ministry has said that the Moody’s Investor Service has only placed the current rating under review for downgrade in case the G-20 Covid-19 Debt Service Suspension Initiative (G-20 DSSI) extends to private sector creditors. The action is, therefore, not Pakistan specific and is in line with Moody’s global approach to place under review for downgrade allRead More
Uzbekistan to resume air, rail links
TASHKENT, May 15 (agencies):Uzbekistan has extended quarantine measures until the end of May, while lifting a number of restrictions imposed earlier, the Special Republican Commission to Combat Coronavirus said Friday. The quarantine measures to counteract the spread of COVID-19 are extended until June 1, while domestic air and rail links will be partially resumed starting on May 18, the commission said. When organizing air and rail transportation, the public must comply with all quarantine rules, including limiting the number of passengers, disinfection and other sanitary requirements, it added. Earlier thisRead More