ISLAMABAD: Pakistan on Tuesday reported 404 new coronavirus cases and loss of six lives during the last 24 hours, lifting the death toll to 6,389. According to the National Command and Operation Centre (NCOC), 404 more people tested positive for the infection during this period, bringing the number of confirmed cases in the country to 302,424. As many as 290,261 Covid-19 patients have …

ISLAMABAD: President Dr Arif Alvi on Monday said Islamic banking and finance offered a broad-based platform to end economic exploitation and stressed its implementation to uplift underprivileged segments of society. Addressing at the 10th ceremony of Global Islamic Finance Awards (GIFA), he said fairness, equality, transparency and pursuit of social harmony constituted the principles of Islamic financing. He also called …

ISLAMABAD: Pakistan Steels Mills (PSM) — country’s largest industrial unit — is no more a going concern as its current liabilities exceed its assets, independent auditors said in a statement submitted to the government. The PSM’s external auditors — Crowe Hussain Chaudhry & Co Chartered Accounts — came to this conclusion in their “Qualified Audit Report” based on financial statement …

KARACHI: Workers’ remittances in the first two months of current fiscal year increased by 31 per cent to $4.863 billion compared to $3.712bn in the same period last fiscal year, data released by the State Bank of Pakistan (SBP) showed on Monday. “Overseas Pakistanis sent $2.95bn in remittances in August 2020 — 24.4pc higher than August last year — in …

ISLAMABAD: Prime Minister Imran Khan has said the country has entered the industrialisation phase and China-Pakistan Economic Corridor (CPEC) will help boost the industry sector. “Our strategic location and CPEC will pave the way for industrialisation,” he said while addressing a ceremony held to inaugurate Rashakai Economic Zone on Monday. Prime Minister Khan said the government’s priority was to provide …

KARACHI: The stock market traded range-bound on Monday with the KSE-100 index ending near the flat line with a slight tilt of 0.64 points in the green. The index closed at 42,531.31, which analysts said was at the pre-Covid level, guiding investors to move with caution. Trades were therefore generally choppy with the benchmark moving between the intraday high and …

LAHORE: The Pakistan Cricket Board has appointed retired Justice Fazal-e-Miran Chauhan as the independent adjudicator for hearing former Test captain Saleem Malik’s appeal in the case concerning the April 2000 conversation transcripts provided by the International Cricket Council. Though the 57-year-old Salim has responded to the allegation twice, the PCB did not accept his stance and now it has appointed …

MANCHESTER: Eng­land won the second One-day International by 24 runs to level their three-match series against Australia at Old Trafford after the visitors, chasing a modest target of 232, suffered a dramatic collapse on Sunday (partly reported in Monday’s edition). Australia appeared to be cruising as they reached 144-2 thanks to a 107-run third-wicket partnership from captain Aaron Finch (73) …

LAHORE: The Pakistan Cricket Board (PCB) will spend around Rs15 million on players, support personnel and match officials’ Covid-19 testing during the 2020-21 domestic season starting with the National T20 Cup on Sept 30 with first-round matches in Multan and second-round games in Rawalpindi from Oct 9-18. According to PCB director High Performance Nadeem Khan, on Tuesday each player in …

KARACHI: Chairman Pakistan Cricket Board Ehsan Mani and CEO Wasim Khan will meet Prime Minister Imran Khan on Wednesday to brief him on all recent cricketing matters and also will get approval from him on the PCB new broadcast deal with Pakistan Television. Reliable sources told Dawn News that PCB’s top officials have prepared a groundbreaking broadcast deal for Pakistan’s international matches …