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Daily Archives: July 8, 2020

83 more coronavirus deaths take Pakistan’s toll to 4,922


July 8, 2020

ISLAMABAD: The country reported 2,980 coronavirus cases and 83 deaths over the past 24 hours, taking the national tally of cases to 237,489 and fatalities to 4,922. 2,980 new cases were detected after 21,951 tests were conducted in the previous 24 hours, according to the National Command and Operation Centre. 91,602 COVID-19 patients are undergoing treatment while 140,965 patients have …

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U.S. tops 3 million known infections as coronavirus surges


July 8, 2020

HOUSTON: The U.S. coronavirus outbreak crossed a grim milestone of over 3 million confirmed cases on Tuesday as more states reported record numbers of new infections, and Florida faced an impending shortage of intensive care unit hospital beds. Authorities have reported alarming upswings of daily caseloads in roughly two dozen states over the past two weeks, a sign that efforts …

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EU approves drug for pancreatic cancer


July 8, 2020

AstraZeneca and Merck said on Wednesday their blockbuster cancer treatment Lynparza won approval in the European Union for treating patients with a form of pancreatic cancer. The approval was based on results from a late-stage trial in which Lynparza nearly doubled the lifespan of patients without disease progression or death when compared with placebo. Lynparza, which can now be used …

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Scientists warn of potential wave of COVID-linked brain damage


July 8, 2020

LONDON: Scientists warned on Wednesday of a potential wave of coronavirus-related brain damage as new evidence suggested COVID-19 can lead to severe neurological complications, including inflammation, psychosis and delirium. A study by researchers at University College London (UCL) described 43 cases of patients with COVID-19 who suffered either temporary brain dysfunction, strokes, nerve damage or other serious brain effects. The …

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World’s largest vaccine-maker to develop plant-based COVID-19 vaccine


July 8, 2020

The world’s largest vaccine-maker GSK has put its vaccine booster technology to work in a potential new COVID-19 shot, to be developed with a Canadian biopharmaceutical company backed by tobacco company Philip Morris. Rather than developing its own vaccine in the global race to combat the pandemic, GSK has instead focused on contributing its adjuvant technology to at least seven …

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Gold scales new peak


July 8, 2020

gold KARACHI: The All Sindh Sarafa and Jewellers Association (ASSJA) on Tuesday increased per tola and 10-gram gold prices to Rs105,900 and Rs90,792, up by Rs1,000 and Rs857 respectively. However, the price of gold in the international market remained unchanged. Explaining the rationale behind the increase in prices, ASSJA President Haji Haroon Rasheed Chand said that investor interest had increased …

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KSE-100 index adds 171 points on local buying


July 8, 2020

KARACHI: The massive rally at the stock market that started on June 26 following the surprise State Bank policy rate cut by 100 basis points entered eighth consecutive trading day on Tuesday. The bulls remained in charge for the entire session with the KSE-100 index recording gains of 170.58 points (0.48 per cent) and settling at 35,373.35. Over the last …

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Suzuki raises Alto, two-wheeler prices


July 8, 2020

KARACHI: Pak Suzuki Motor Company Limited (PSMCL) on Tuesday increased the price of Alto 660cc VX model by Rs63,000 to Rs1.198 million from July 7. The company, without mentioning any reason for the price hike in the letter sent to authorised dealers, said customers, who have already booked the model with full payment, would not be charged the upward price …

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Debt deferment facility extended till Sept 30


July 8, 2020

KARACHI: The State Bank of Pakistan (SBP) on Tuesday extended the deferment facility of principal amount for small and medium-enterprises (SME) till end of September FY21. “Considering the fact that Covid-19 pandemic is continuing to stress the cash flow of small and medium- sized businesses and households, SBP has decided to extend the Deferment of Principal Amount facility up till …

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European football clubs face $4.5bn income drop


July 8, 2020

GENEVA: European football clubs expect to lose 4 billion euros ($4.5 billion) in revenue over the next year because of the coronavirus pandemic, according to a study released on Tuesday by the European Club Association (ECA). The ECA estimated clubs in 55 countries face a collective shortfall of 1.6 billion euros ($1.8 billion) this season and 2.4 billion euros ($2.7 …

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