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Daily Archives: February 1, 2020

Apple takes smartphone sales crown from Samsung


February 1, 2020

Apple was the top smartphone seller in the final quarter of last year, seizing the crown from Samsung, according to market trackers. Apple shipped an estimated 73.8 million iPhones during the fourth quarter, driven by the popularity of its newest models in the US and Europe and lower-priced handsets in other parts of the world, International Data Corporation reported this …

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Coronavirus evacuees quarantined in France for two weeks


February 1, 2020

CARRY-LE-ROUET: Some 180 people evacuated from the Chinese city of Wuhan, the epicentre of a deadly SARS-like virus, landed in France on Friday, with one hospitalised on arrival with coronavirus symptoms, Health Minister Agnes Buzyn said. The rest of the passengers were taken to a seaside holiday camp, near Marseille in southern France, where they will be kept in quarantine …

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US evacuees from China’s virus-hit city put under 14-day quarantine


February 1, 2020

WASHINGTON: The US issued a rare federal quarantine order of 14 days for 195 Americans who were evacuated from the Chinese city at the center of a deadly global virus epidemic. It came after one of the individuals tried to leave the California military base where the repatriated citizens landed on a chartered flight on Wednesday, and is the first …

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Hot money inflows soar to $2.9bn


February 1, 2020

KARACHI: Foreign investment in government’s debt papers — mostly treasury bills reached around $1.5 billion in January alone pushing up total investments in the risk-free papers to $2.9bn during the current fiscal year. Latest data released by the State Bank of Pakistan (SBP) showed foreign investors have increased their investment in the country’s treasury bills as investment in January alone …

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Dozen laws to be amended to meet FATF requirements


February 1, 2020

ISLAMABAD: Pakistan on Friday decided to introduce major amendments to at least a dozen of its laws over the next six months to remain in continuous compliance with requirements of the Financial Action Task Force (FATF). The decision was taken at a meeting of the National Executive Committee (NEC) — the country’s highest body on money laundering and matters related …

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Pakistan’s debt surges by 40pc in 15 months


February 1, 2020

ISLAMABAD: With around 40 per cent increase in Pakistan’s public debt and liabilities in 15 months, the government on Friday conceded major violations of the Fiscal Responsibility and Debt Limitation Act (FRDLA) for massively exceeding debt acquisition limits. In its debt policy statement laid before the parliament, the ministry of finance noted that total debt and liabilities that stood at …

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Major shake-up in Customs


February 1, 2020

ISLAMABAD: The federal government has reshuffled top tax officers of Customs owing to shortfalls in revenue collection and poor performance. The much-awaited transfers of these officers were made on Friday when Federal Board of Revenue Chairman Shabbar Zaidi went on medical leaves for the second time in January. The government transferred Member Customs Operation Jawwad Uwais Agha, who was head …

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Revenue shortfall rises to Rs387bn


February 1, 2020

ISLAMABAD: The Federal Board of Revenue missed collection targets for the first seven months of this fiscal year by Rs387 billion, as against the benchmark of Rs2.792 trillion. According to provisional figures, the tax body has collected Rs2.41tr during 7MFY20 as against the target of Rs2.79tr, leaving a shortfall of Rs387bn. However, collection figures show a growth of 16.8 per …

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Fawad Alam included in 16-member squad for upcoming Tests against Bangladesh


February 1, 2020

After more than a decade of being overlooked by national selectors, batsman Fawad Alam was made part of Pakistan’s national Test squad that was announced on Saturday for the upcoming Test matches against Bangladesh. The batsman, who has a 40-plus batting average in both Tests and ODIs, was also included in the squad for the Test series against Sri Lanka last year, …

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Forward-focusing Farrell buries World Cup, wary of France


February 1, 2020

PARIS: England skipper Owen Farrell says the lost Rugby World Cup final is well behind him as he and his team warily eye a France side “capable of unlocking a game”. Farrell was captain in Japan last year when England beat New Zealand in the semi-finals but went down to South Africa in the final. oach Eddie Jones said the …

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