Home / 2020 / November / 19 (page 2)

Daily Archives: November 19, 2020

‘Terrorism to tourism’: Upcoming England cricket trip gives Pakistan a boost


November 19, 2020

The return of England’s cricket team to Pakistan next year, their first visit since 2005, is a vote of confidence in the country’s improved security — but challenges remain, analysts say. Cricket-obsessed Pakistan spent a decade in international sporting isolation after gunmen targeted the Sri Lankan team bus in 2009 in Lahore during a Test series, killing eight people and wounding several …

Read More »

Stakeholders up in arms as social media rules notified


November 19, 2020

ISLAMABAD: The Ministry of Information Technology on Wednesday notified social media rules that all other stakeholders, including internet service providers as well as digital rights activists, have rejected, terming them draconian and violation of cyber laws of the country. The rules titled, “Removal and Blocking of Unlawful Online Content (Procedure, Oversight and Safeguards) Rules 2020,” have been framed under the …

Read More »

Textile exports rise 6pc in October, LPG imports up


November 19, 2020

ISLAMABAD: Pakistan’s textile and clothing exports posted a paltry growth of 3.78 per cent year-on-year to $4.76 billion in July to October FY21 compared to $4.58bn, data released by the Pakistan Bureau of Statistics (PBS) showed on Wednesday. In October, export proceeds were up by 6.18pc from a year ago. In September, they grew by 11.03pc while a decline of …

Read More »

ADB raises Rs1.83bn bond for Pakistan


November 19, 2020

ISLAMABAD: The Asian Development Bank (ADB) has raised Rs1.83 billion ($11.4 million) local currency ‘Karakoram bonds’ and promised its continued support for Pakistan’s development efforts and Covid-19 pandemic response. This is a first issue of local currency ‘Karakoram bonds’ by a multilateral development bank of which Pakistan is a member, said the ADB in a statement. A Karakoram is an …

Read More »

GDP to grow by 2.5pc in FY21: SBP


November 19, 2020

t KARACHI: The State Bank of Pakistan (SBP) expects GDP growth to stay within the range of 1.5–2.5 per cent in FY21 against the target of 2.1pc set by the government, said the annual State of the Economy report for 2019-20 issued on Wednesday. This year-on-year improvement is expected to come from a steady performance of agriculture and a recovery in the …

Read More »

SECP approves launch of peer-to-peer lending platform


November 19, 2020

The Securities and Exchange Commission of Pakistan (SECP) has granted approval for the launch of a peer-to-peer lending platform under the first cohort of its technology-driven initiative ‘Regulatory Sandbox’. The move is aimed at supporting and encouraging a financial technology revolution in the country, a press release said on Wednesday. “Peer-to-peer lending is an innovative, alternative digital platform that connects borrowers with …

Read More »

Pakistan records current account surplus for fourth consecutive month


November 19, 2020

The country’s current account witnessed a surplus for the fourth consecutive month in October, rising to $382 million or 1.6 per cent of the gross domestic product (GDP), data released by the State Bank of Pakistan (SBP) showed on Thursday. Compared to the same month last year, the surplus witnessed an increase of 423pc from $73m, while on a month-on-month basis it …

Read More »

Dan Levy weighs in possibility of a ‘Schitt’s Creek’ film rolling out soon


November 19, 2020

Schitt’s Creek became an instant hit after getting dropped on Netflix and sweeping all the Emmy categories. Now, fans of the comedy show are awaiting the probability of a movie based on the Rose family to arise, while others have been suggesting the markers to create a spinoff based on Alexis Rose’s life, titled A Little Bit Alexis. With speculation rippling heavy …

Read More »

‘Wonder Woman 1984’ to hit theaters on Christmas after sudden change of plans


November 19, 2020

Hollywood star Gal Gadot’s much-awaited Wonder Woman 1984 is here to save Christmas for fans after a year filled with gloominess and uncertainty. The film by Patty Jenkins is making its way to streaming platform HBO Max in December, featuring Gal Gadot and Chris Pine in pivotal roles. The highly-anticipated superhero film will be released in international markets on December 16 and …

Read More »