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State Bank of Pakistan says extended lockdown poses risks to economy KARACHI: The central bank on Sunday said Pakistan’s economy faces downside risks, stemming from the virus-induced lockdown due mainly to the country’s multidimensional poverty, high consumption rate and informality in job market. The State Bank of Pakistan (SBP), citing the United Nations, said roughly […]

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India, China bring the big guns in as standoff continues in eastern Ladakh: report Both the Indian and Chinese armies continued to stand their ground in eastern Ladakh, with both sides bringing in the big guns and heavy machinery at the disputed territory. The report states that the Indian Army is doing the same and […]

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Prayers begin in Masjid-e-Nabvi, Al-Aqsa mosque ISLAMABAD: Mask-clad worshippers flocked to Saudi mosques that reopened nationwide on Sunday, except in the holy city of Makkah, more than twomonths after congregational prayers were halted under a coronavirus-triggered lockdown. Complying with stringent social distancing rules, worshippers kept a minimum of two metres apart as many voiced elation […]

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Pompeo asks China to allow access to sensitive lab. WASHINGTON: United States Secretary of State Mike Pompeo on Thursday pressed China to allow inspectors into sensitive laboratories, voicing concern about their security amid the global COVID-19 pandemic. Pompeo has refused to rule out that the deadly virus leaked out of a laboratory in the Chinese […]

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PM pleads for smart lockdown instead of shutdown ISLAMABAD: Prime Minister Imran Khan Thursday said the government was considering the option of imposing a smart lockdown in the country to wisely provide relief to the labour class, daily wagers and lower-middle strata of the society and protect the masses from the virus. Speaking here at […]

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  PIA halts operations from Karachi, rejects reports of pilots infected with COVID-19 The News/via Geo.tv/Files ISLAMABAD: The Pakistan International Airlines (PIA) on Sunday halted its operations from Karachi, citing a lack of consensus on the government-issued directives, and rejected reports that its pilots had contracted the novel coronavirus. In a statement issued Sunday, the […]

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NDMA chairman says 2,000 additional ventilators to be sought from China ISLAMABAD: National Disaster Management Authority Chairman Lt Gen Mohammad Afzal said on Monday that  keeping in view the need of the country during the coronavirus pandemic, 2,000 additional ventilators would be sought from China. The Parliamentary Committee on Coronavirus Monitoring held its first meeting […]

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ADB forecasts Pakistan’s GDP to shrink, sees rise in inflation in 2020 Pakistan’s GDP growth rate will shrink to 2.6% from 3.3%, while inflation will remain around 11.5% for 2020, the Asian Development Bank (ADB) projects in its latest report released on Friday. The Asian Development Outlook (ADO) 2020 report noted that Pakistan, compared to […]

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Google reports on mobility trend changes in Pakistan during coronavirus lockdown Tech giant Google has released reports on social distancing and mobility pattern changes in Pakistan among other countries, as the world observed strict lockdown to curb the spread of the coronavirus. Google provided the reports to help give an idea of movement across countries […]

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World Bank approves Rs33 bn to help Pakistan counter COVID-19 ISLAMABAD: The World Bank’s (WB) Board of Executive Directors on Thursday approved $200 million (Rs33.31 billion) package to help Pakistan take effective and timely action to respond to the COVID-19 pandemic by strengthening the country’s national healthcare systems and mitigating socioeconomic disruptions. According to WB’s […]

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