Monday, March 1st, 2021
Oil prices climb after progress on huge US stimulus bill
SINGAPORE : Oil prices rose more than $1 on Monday on optimism in the global economy thanks to progress in a huge US stimulus package and on hopes for improving oil demand as vaccines are rolled out. Brent crude futures for May rose $1.07, or 1.7%, to $65.49 per barrel by 0042 GMT. The April contract expired on Friday. US West Texas Intermediate (WTI) crude futures jumped $1.10, or 1.8%, to $62.60 a barrel. “Oil prices are recovering this morning in line with most risk assets on the back ofRead More
1,392 new infections, 36 Covid deaths reported in 24 hours
ISLAMABAD : Pakistan has recorded 36 more coronavirus-related deaths in the past 24 hours, surging the overall death toll to 12,896. According to the latest statistics of the National Command and Operation Centre (NCOC), the COVID-19 has claimed 36 more lives and 1,392 fresh infections were reported. The total count of active cases is 22,098 and the positivity rate stands at 3.63 per cent. In the past 24 hours, as many as 1,094 patients have recovered from the virus in a day and 1,568 patients are still in critical condition.Read More
Senate elections to be held through secret ballot: SC gives opinion on presidential reference
ISLAMABAD : The Supreme Court ruled on Monday that the forthcoming Senate elections are to be held through secret ballot under Article 226 of the country’s Constitution. The apex court’s 4:1 decision, however, held that the Election Commission of Pakistan (ECP) is empowered to take all measures to hold free and fair elections and curb corrupt practices under Article 218 of the Constitution. The bench further observed that the secrecy is not “absolute”. A five-judge larger bench of the apex court, headed by Chief Justice of Pakistan Gulzar Ahmed andRead More