Friday, June 26th, 2020
Business community urges SBP slash interest rate down to 5%
ABID RAZA LAHORE : Business and industrial community here on Friday hailed the yet another fresh move of the State Bank to reduce interest rate by another one per cent and urged the government to further slash it down to 5 percent offset gradually the negative impact of coronavirus. They also urged the government to announce another incentive package for the revival of small and medium sized Industry which was playing a vital role in national economy building employment generation. SAARC Chamber of Commerce and Industry (CCI) President designate IftikharRead More
Liverpool’s Premier League win after 30 years makes fans forget social distancing
LIVERPOOL : A 30-year wait for a title led Liverpool fans to ignore social distancing rules as they gathered outside Anfield for celebration of their English title win on Thursday. Liverpool were crowned Premier League champions when second-placed Manchester City were beaten 2-1 at Chelsea. Hundreds of Liverpool supporters put coronavirus fears to one side, ignoring advice from the club’s manager Jurgen Klopp, as they converged on Anfield to start the title party. Setting off red flares and fireworks, waving flags, hugging and drinking in the street, the fans wereRead More
Court seeks NAB report on delay in filing reference against Ahsan Iqbal
ISLAMABAD, : An accountability court in Islamabad on Friday directed the National Accountability Bureau (NAB) to submit a report explaining why it has not yet filed a reference in the Narowal Sports City (NSC) Project case. Pakistan Muslim League-Nawaz (PML-N) stalwart and former federal minister Ahsan Iqbal turned up before the accountability judge as the court resumed hearing the corruption case against him. Over the course of the hearing, the bureau’s prosecutor sought more time to file the reference, stating that witnesses have been called to record their statements butRead More
Gilgit-bound PIA flight diverted back to Islamabad airport
ISLAMABAD: A Pakistan International Airlines (PIA) flight had to fly back to the airport it departed from after it was denied permission to land at Gilgit airport due to strong winds on Friday morning. According to sources, the national flag carrier’s PK-605 flight took off from Islamabad International Airport and intended to land at Gilgit airport. As it entered the Gilgit airspace, the pilot of the aircraft contacted Air Traffic Control (ATC) officials and sought permission to make a landing, which was denied due to strong winds. The plane, therefore,Read More
Country records 2,775 new coronavirus cases, 59 deaths in past 24 hours
ISLAMABAD : The country reported 2,775 new cases of the novel coronavirus and 59 more associated deaths in the past 24 hours, taking the national tally of infections to 195,745 and casualties to 3,926. According to data released by the National Command and Operation Centre (NCOC), 2,775 new infections were detected after 21,041 tests were conducted in the past 24 hours. Thus far, more than 1.19 million tests have been conducted in the country while 107,615 COVID-19 patients are undergoing treatment and 84,168 patients have recuperated from the disease. 75,168Read More