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Monthly Archives: November 2020

Chelsea cruise to win over Newcastle


November 22, 2020

LONDON: Tammy Abraham scored in his third club game in a row as Chelsea beat Newcastle United 2-0 on Saturday to stay among the English Premier League leaders. Chelsea took the lead in the 10th minute at St James’ Park when Federico Fernandez knocked the ball into his own net, and the goal was given despite Fernandez’s protests that he …

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Khyber Pakhtunkhwa tighten noose as champions head for third defeat


November 22, 2020

KARACHI: Central Punjab’s title defence is progressively getting from bad to worse as Quaid-e-Azam Trophy holders were on the brink of another defeat — this time against Khyber Pakhtunkhwa — at the UBL Sports Complex here on Saturday. At halfway stage of the fourth-round fixture, Central Punjab — who had lost to Sindh and Northern — had slumped to a …

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The sword of Damocles over Opec


November 22, 2020

The writing is on the wall. Crude stakeholders are now beginning to comprehend the bitter reality that the market glut is stubborn and difficult — if not impossible — to overcome. And this carries long term consequences. With a Covid-19 vaccine unlikely to ride to the rescue of the global oil market for some time, the combination of weaker demand …

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Cement makers decry CCP action


November 22, 2020

KARACHI: Expressing concern over the Competi­tion Commission of Pakistan (CCP) inquiry into the alleged increase of cement prices during April 2020, the All Pakistan Cement Manufacturers Association (APCMA) on Saturday questioned the intent and purpose of the investigation. During April 2020 — which is the fourth quarter of FY20 — Covid-19 was at its peak and the entire country was …

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Babar Azam among best in the world: Imran Tahir


November 22, 2020

LAHORE: Pakistan-born South African leg-spinner Imran Tahir has hailed Babar Azam as one of the best batsmen in the world and says captaincy will not have any negative effect on the right-hander’s batting. Talking to Dawn at the LCCA Ground, where he visited and coached the young cricketers training at its parent Shining Cricket Club, said: “Look Babar Azam is one of …

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Stocks down in jittery week


November 22, 2020

KARACHI: The outgoing week was marked by high volatility, mundane trading, lack of investor interest and low volumes as sentiments remained dampened by uncertainties in the absence of positive triggers. The KSE-100 index gave up 382 points, or 0.94 per cent, closing the week at 40,187. Investors were majorly spooked by the rising cases of Covid-19 infections globally which also …

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Pakistan’s stagnant tax base


November 22, 2020

c KARACHI: For decades, Pakis­­tan’s policymakers, multilateral donors, and the Inter­national Monetary Fund (IMF) have highlighted the need for Pakistan to broaden its tax base. This broadening is seen as a necessary ­precondition for stabilising the country’s chronic fiscal deficit challenges. Additionally, a broader tax base would lead to increased fiscal capacity for spending on human development needs, a dire …

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IMF talks focus on renewed tax thrust


November 22, 2020

ISLAMABAD: At a time when the economy is grappling with second wave of Covid-19, the International Monetary Fund has recommended a string of policy proposals from the rationalisation of tax rates to withdrawal of tax exemption and removal of all distortions in the country’s tax system. A technical mission of the fund has conducted a detailed study of Pakistan’s existing …

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Carrie Underwood, John Legend release holiday themed music video ‘Hallelujah’


November 22, 2020

John Legend and Carrie Underwood’s new track Hallelujah has taken music charts by storm. So much so that many believe this track might be on the fast track to becoming an annual Christmas hit. “This song and its message is much needed right now and I’m honored to have it on my Christmas album, My Gift,” Underwood admitted to Instagram Stories earlier this …

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Facebook’s Mark Zuckerberg dissed by Eminem?


November 22, 2020

Eminem has dissed several opponents and celebrities over the years. The Detroit rapper’s recent diss tracks against Nick Cannon and Machine Gun Kelly were instant hits. But creators has now used technology to write a diss track aimed at Facebook chief Mark Zuckerberg in Slim Shady style. According to a report the lyrics have been written with the help of …

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