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Daily Archives: January 12, 2020

Students, traders among top complainants on citizen portal


January 12, 2020

ISLAMABAD: Out of 1.653 million complaints made on the Pakistan Citizen Portal by people from all walks of life during the past 14 months, 1.509m (91.32 per cent) have been resolved. According to statistics released officially by the Prime Minister Office on Saturday, the number of registered members on the portal launched by Prime Minister Imran Khan in October 2018 …

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Man Infected with virus (pneumonia) in China dies after outbreak


January 12, 2020

SHANGHAI: A 61-year-old man has died from pneumonia in the central Chinese city of Wuhan after an outbreak of a yet to be identified virus while seven others are in critical condition, the Wuhan health authorities said on Saturday. In total, 41 people have been diagnosed with the pathogen, which preliminary lab tests cited by Chinese state media earlier this …

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Mystery pneumonia outbreak claims first death in China: report


January 12, 2020

WUHAN: A 61-year-old man has become the first person to die in China from a respiratory illness believed caused by a new virus from the same family as SARS, which claimed hundreds of lives more than a decade ago, authorities said. Forty-one people with pneumonia-like symptoms have so far been diagnosed with the new virus in Wuhan, with one of …

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Another bullish week on stock market


January 12, 2020

KARACHI: For the second consecutive week, stock market displayed a spectacular performance with the KSE-100 index recording gains of 884 points (2.1 per cent) and closing seen above 43,000 for the first time in 17 months, at 43,207. But the sailing was not all too smooth as the world held its breath watching with growing concerns the US-Iran hostilities that …

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Tax reforms yield Rs209bn in additional revenue


January 12, 2020

ISLAMABAD: The Federal Board of Revenue (FBR) collected Rs209 billion additional during the first five months of this fiscal year mainly due to structural changes in taxation system, procedures and withdrawal of exemptions. Data shows that these much- needed reforms in taxation system are already bearing fruit despite a huge import compression of around $5bn and slowingdown of growth. The …

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Economic stabilisation has failed to bring growth: PM aide


January 12, 2020

KARACHI: Adviser to the Prime Minister on Commerce, Textile, Industry & Production and Investment Abdul Razak Dawood has said though there is economic stabilisation in Pakistan the country has still not seen economic growth. He was speaking at a talk on ‘Business-Way Forward’ organised by the English Speaking Union of Pakistan at a hotel here on Saturday. “But there can …

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Six-month remittances rise to $11.4bn


January 12, 2020

KARACHI: Remittances received by the country edged up 3.3 per cent to $11.394 billion during the first half of 2019-20 as compared to $11.03bn in the same period last year, the State Bank of Pakistan reported on Saturday. Inflows during December showed a healthier trend as they surged 19.89pc year-on-year to $2.097bn, from $1.748bn in corresponding period last year and …

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Auto part vendors lambaste assemblers over low localisation, high prices


January 12, 2020

KARACHI: For the first time in 15 years, auto parts vendors have finally spoken out against local vehicle assemblers over low localisation and high prices. They pointed out various SROs especially 655(I)/2006 which have only benefited local assemblers instead of auto vendors and consumers. On the one hand, vendors are blaming assemblers for low localisation and high vehicle prices whereas …

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Pakistan’s fitness standards to reflect top 4 model: Misbah


January 12, 2020

Head coach Misbah-ul-Haq has said that the new fitness standards of the Pakistan national team have been remodeled to reflect those set by the four of the topmost cricket playing nations. According to the chief selector, the previous fitness test standards were set in accordance with the strength of the Pakistan players. But Misbah is quoted as saying in a …

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Liverpool extends lead with 16 points in Premier League


January 12, 2020

LONDON: Record-breaking Liverpool beat Tottenham 1-0 to extend their lead at the top of the Premier League table to a yawning 16 points on Saturday as Southampton gained sweet revenge over high-flying Leicester. Chelsea and Manchester United secured comfortable wins in the race for the top four but 10-man Arsenal fell further off the pace after a limp draw at …

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