Friday, June 12th, 2020
Budget 2020-21: Hammad Azhar presents ‘corona-budget’ at NA
Federal Minister for Industries and Production, Hammad Azhar presented the Federal Budget for the year, 2020-21 at the National Assembly. The Pakistan Tehreek-i-Insaf (PTI) government unveiled its second annual budget for the fiscal year 2020-21 on Friday, coming at a time of high uncertainty as coronavirus pandemic stirs economic upheaval both nationally and globally, the budget is being referred as corona-budget. Federal Minister for Industries and Production, Hammad Azhar presented the Federal Budget for the year, 2020-21 at the National Assembly. The total outlay of budget 2020-21 is Rs 7,294.9Read More
JS Bank Witnesses Significant Growth in Profitability
Islamabad, JUNE 12 (DNA) – Growing from strength to strength, JS Bank reported profit before tax of PKR 628.5 million for the quarter ended March 31, 2020 as compared to profit before tax of PKR 54.7 million over the corresponding period last year, an incredible 1000% increase. Profitability showed a marked increase primarily due to markup and commission income, FCY income and gain on sale of securities. The breakup value per share of the Bank as of March 31, 2020 is PKR 13.9 with the earnings per share of PKR 0.29.Read More
Parliamentarians, civil society reps ask govt to prioritize child rights
ISLAMABAD, JUNE 12 (DNA) – Speakers of the international webinar pointed out that increasing child labour gets no appropriate attention of the government and development partners having scope and mandate to curb the menace from society. Deficient and conflicting legislation on child labour and rights is the main hurdle while poor implementation by the local authorities enhances the impact manifolds. Children not only suffer from poverty but physical and mental torture and violence as well. Decades’ old and inefficient data makes the strategies incompetent and irrelevant. Development Communications Network (Devcom-Pakistan)Read More
Islamabad Mayor Sheikh Anser Aziz contracts coronavirus, goes into self-isolation
Islamabad Mayor Sheikh Anser Aziz has been infected with the novel coronavirus. In a Twitter post on Thursday night, the mayor confirmed the news. According to the Metropolitan Corporation Islamabad, the mayor has gone into self-isolation at his residence. Aziz has recently been in the media over his rift with the government. In May, the federal government suspended him for 90 days, but had to withdraw its decision soon after as Aziz challenged his suspension in the court. Aziz was then reinstated as the mayor after the Islamabad High Court overturned theRead More
Pakistan Hockey Federation closes Karachi, Lahore headquarters
The Pakistan Hockey Federation (PHF) announced that it has closed its headquarters in Lahore and Karachi due to the increase in coronavirus cases. “The PHF headquarters in Lahore and Karachi have been closed till June 21 over the rising cases of coronavirus in the country,” PHF tweeted. The staff has been instructed to perform their duties from home. The hockey board further stated that the decision regarding extension of closure of offices will be made after reviewing the pandemic situation. Earlier, the Pakistan Cricket Board (PCB) had announced that itRead More
Today’s outlook: Budget 2020-21 to be presented in National Assembly
Here are some of the news stories we are expecting to follow today (Friday): The federal budget for fiscal year 2020-2021 will be presented and Industries Minister Hammad Azhar will present a finance bill in the National Assembly. The session will begin at 4pm. Islamabad’s Sector G-9/2 and G-9/3 have been sealed after the areas became scoronavirus hot spots. Prime Minister Imran Khan has called a parliamentary party meeting. The Sindh government has asked the Karachi deputy commissioner to impose a fine or fix a punishment for people not wearingRead More