Tuesday, October 13th, 2020
IMF’s draconian measures to wreck the economy
DNA ISLAMABAD, – Former President ICCI Shahid Rasheed Butt on Tuesday said draconian measures directed by the IMF would destroy the economy that has recently shown some signs of recovery. IMF’s insistence on increasing power tariff to ensure full cost recovery and boost taxes as per the agreed target of Rs4.9 trillion will reverse the recent economic gains, discourage investment and open floodgates for inflation, he said. He noted that World Bank has already cautioned that Pakistan’s GDP growth in FY21 will be lowest in the region at 0.50 percentRead More
COMSTECH, Pink Trust Pakistan sign MoU to promote women wellbeing in muslim countries
DNA Islamabad, October 13, 2020: COMSTECH and Pink Pakistan Trust have agreed to work towards the achievement of shared objectives of good health and wellbeing of women in OIC region. Particularly, they will work together for spreading awareness to reduce the mortality rate of breast cancer and promote women wellbeing and empowerment. The MoU between the two organizations signed by Coordinator General, COMSTECH, Prof. Dr. M. Iqbal Choudhary and the President Pink Trust Pakistan, Dr. Zubaida Qazi, here on Thursday at COMSTECH headquarters, Islamabad. Both the Parties will jointly organizeRead More
Half Karachi having sleepless nights due to power cuts: CJP
ISLAMABAD : The Supreme Court (SC) on Tuesday took the K-Electric to task over unannounced load-shedding in Karachi, observing that half of the port city is having sleepless nights due to power cuts. “Karachi is experiencing a heatwave and people don’t have electricity,” Chief Justice Gulzar Ahmed remarked while hearing a case pertaining to prolonged power cuts in the Sindh province. He asked why should the managing director of the port city’s sole power distributor not be sent to jail with a heavy fine. The chief justice also slammed theRead More
Int’l Day for Disaster Risk Reduction: Pakistan stresses enhanced efforts to mitigate disaster risks
ISLAMABAD, Pakistan: As the International Day for Disaster Risk Reduction is being observed on Tuesday, Pakistan has reiterated the need for redoubling of efforts under the United Nations and other international platforms including the sharing of experiences, knowledge, and transfer of technology to mitigate risks of disasters and to save lives. The International Day for Disaster Risk Reduction is annually observed on October 13 to promote a global culture of risk-awareness and disaster reduction. It’s also aimed at encouraging individuals, communities, and governments to take part in building more disaster-resilientRead More
Court extends physical remand of Shehabz Sharif
LAHORE : An accountability court in Lahore on Tuesday extended the physical remand of Pakistan Muslim League-Nawaz President Shehbaz Sharif until October 20 in money laundering and assets beyond means references. AC Judge Jawadul Hassan heard the case in which Shehbaz Sharif and his son Hamza Shehbaz appeared. Strict security measures were taken by the administration to deter any untoward incident. At the outset of the hearing, the NAB prosecutor requested the court to hand over Shehbaz Sharif to them on 15-day physical remand stating that investigation in the matterRead More
China’s imports, exports surge as global economy reopens
BEIJING : China’s imports grew at their fastest pace this year in September, while exports extended their strong gains as more trading partners lifted coronavirus restrictions in a further boost to the world’s second-biggest economy. Exports in August rose 9.9% from a year earlier, customs data showed on Tuesday, broadly in line with analysts’ expectations for 10% growth and up from a solid 9.5% increase in August. The strong trade performance suggests Chinese exporters are making a brisk recovery from the coronavirus pandemic’s hit to overseas orders. As the globalRead More