Construction Industry Gets More Relief
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Soon From LAHORE & KARACHI A sister publication of CENTERLINE & DNA News Agency www.islamabadpost.com.pk ISLAMABAD EDITION IslamabadWednesday, April 22, 2020 Pakistan’s First And OnlyP DiplomaticO Daily STPrice Rs. 20 Concrete steps Lifting of Virus to hit required to mitigate lockdown not economy of 170 the impact of Covid-19 end of virus countires: IMF Construction industry gets more relief Tax on low cost housing units to be constructed under Naya Pakistan Housing Project has also been made zero rated; Cabinet decides to waive off various taxes on services relating to construction industry tect rights of daily wagers, approved uniform policy Asad Umar said that the Staff RepoRt plumbers, carpenters, de- regarding official residenc- cabinet has also decided to velopers and other stake- es of government employ- public a report relating to ISLAMABAD: Federal holders of this sector. ees, withdrawing all perks power projects in Pakistan. Cabinet has decided to Dr Firdous Ashiq Awan granted under 1991 Order. He said an independent BEIJING: Ambassador Naghmana A. Hashmi receiving donation of medical supplies from Yao Wen, waive off various taxes on said the cabinet also ap- She said now a govern- Commission of Inquiry will Deputy Director General, Chinese Ministry of Foreign Affairs, Lei Minghsan the Chairman of China services relating to con- proved reforms in Com- ment employee can retain be constituted to probe the Three Gorges Corporation and senior officials from Chinese government and corporate sector. – APP struction industry. petition Commission of his official residence six issue pertaining to Inde- Briefing media about deci- Pakistan to ensure effec- months after reaching su- pendent Power Producers sions taken by the cabinet tive implementation of perannuation. within ninety days. in Islamabad on Tuesday, anti-hoarding law and to The Special Assistant said He said any person in- Prime Minister’s Special protect rights of the com- Cabinet also approved volved in irregularities WHO Assistant said five percent mon people. export of Chloroquine to and violation of law will insists Virus to hit 170 tax on various services of The Special Assistant said USA, Saudi Arabia, UK, be taken to task, but those the construction industry approval to reconstitute Italy, Qatar, Turkey and investors, who invested in it hid has been reduced from National Commission for Kazakhstan as Pakistan has the power sector to gener- nothing states GDP: IMF five percent to zero. Minorities was also grant- additional stock of the drug. ate electricity in Pakistan She said the relief in con- ed in the meeting. Later in another media and did not violate any law, GENEVA: The World ISTANBUL: Some 170 sive effects on health and pacity to provide financial struction industry will pro- She said the cabinet also briefing, Planning Minister will be protected. Health Organization in- countries will face narrow- economy, is more complex resources rapidly for its sisted Monday that it ing in their GDP this year and uncertain. members. sounded the alarm on due to the novel coronavi- "The outlook is dire. We After originating in Wu- the novel coronavirus rus' impact on the econo- expect global economic ac- han, China last December, Briefs right from the very start my, the directing manager tivity to decline on a scale COVID-19 has spread to Qureshi thanks and had hidden nothing of the International Mone- we have not seen since the at least 185 countries and from Washington about tary Fund (IMF) said late Great Depression," Geor- regions worldwide, with Faisal the deadly pandemic. Monday. gieva highlighted. Europe and the U.S. the UAE government WHO chief Tedros "Only months ago we were Referring to countries' ac- worst-hit regions. Adhanom Ghebreyesus projecting 160 economies tions to tackle the virus, There are more than Edhi tests part about the latest situa- said there were no se- to register positive per the IMF chief said: "Fis- 2.47 million cases world- positive DNA tion of the outbreak in Pa- crets at the UN agency capita income growth," cal measures so far have wide and nearly 170,400 kistan and the steps being after being blasted by Kristalina Georgieva amounted to about $8 deaths. Over 652,000 ISLAMABAD: Foreign taken by the Government the United States for stressed. trillion and central banks have recovered from the Minister Makhdoom for its containment. DNA allegedly downplaying The pandemic is a “crisis have undertaken massive virus, according to data Shah Mahmood Qureshi He also informed him of the initial COVID-19 out- like no other," she stressed, liquidity injections." compiled by U.S.-based held a telephonic conver- the efforts being made by break in China. noting that the global cri- She added that the IMF Johns Hopkins University. ISLAMABDA: Faisal sation with the Foreign the government for repa- “We have been warning sis, which caused succes- maximized its lending ca- – APP Edhi, the head of one Minister of the United triation of the stranded from day one that this of Pakistan’s largest Arab Emirates (UAE), Pakistanis from UAE to is a devil that everyone charity groups, the His Highness Sheikh Ab- Pakistan. should fight,” Tedros Edhi Foundation, has dullah Bin Zayed Al Nahy- Pakistan. While exchang- The Foreign Minister told a virtual briefing in Virus cases tested positive for an, today. ing views on the global briefed Foreign Minister Geneva. – Agencies Pakistan Stock coronavirus, reported The Foreign Minister outbreak of Covid-19, the Abdullah about Prime soar to Geo News on Tuesday. thanked the UAE gov- two Foreign Ministers Minister Imran Khan’s Exchange plunges Edhi is in Islamabad at ernment for its support agreed on the importance call for a ‘Global Initiative 9,216 the moment and had to Pakistan in combating of enhanced bilateral co- for Debt Relief,’ under- working day and closed at insisted on being test- covid-19 as well as for operation to jointly ad- scoring the need to ena- Doctors DNA 32,832. The confidence ed since he had been releasing 400 Pakistani dress the challenges. ble developing countries was prevailed among the Staff RepoRt on the ground working prisoners, and their sub- Foreign Minister Qureshi to save precious lives and at risk KARACHI: Pakistan Stock investors as the State with patients. sequent repatriation to apprised his UAE counter- shore up economies. Exchange (PSX) on Tues- Bank of Pakistan (SBP) on ISLAMABAD: The num- day witnessed bearish Thursday further slashed ber of confirmed corona- Rupee value DNA trend as KSE-100 index its key interest rate by two virus cases in the country jumps lost 1146 points. The per cent (200 basis points) has soared to 9,216. ‘Modi Govt has deprived ISLAMABAD: The benchmark KSE-100 index to nine per cent in wake of According to National Com- ISLAMABAD: The Pa- number of coronavirus closed at 32,353 points the worsening outlook for mand and Operation Centre, kistani currency con- Kashmiris of amenities’ cases have increased with a negative change of global and domestic eco- 4,195 cases have so far been tinued bullish trend with each passing day 1146 points. nomic activity due to the detected in Punjab, 2,764 on Tuesday and gained Taking to Twitter, the under an inhumane politi- in Pakistan. The Pakistan Stock Ex- coronavirus pandemic. in Sindh, 1,276 in Khyber Rs 2.37 in the inter- DNA prime minister said: co-military lockdown con- Due to the unavaila- change (PSX) on Friday Over the past one month, Pakhtunkhwa, 465 in Ba- bank against US dollar “Demonstrations in vari- tinuing for over 8 months bility of the personal saw a return of the bulls the central bank’s key inter- lochistan, 281 in Gilgit-Bal- to close at Rs 161.12 ISLAMABAD: Prime Min- ous parts of the world are now without any provision protective equipment, as the benchmark KSE- est rate has seen a cumula- tistan, 185 in Islamabad against the last closing ister Imran Khan said on now going on against lock- of medical, financial, com- doctors are at high risk 100 Index gained over tive reduction of 4.25 per Capital Territory and 50 in of Rs 163.49. However, Tuesday the international downs during a pandemic munication or food assis- of getting infected by 1400 points. Since trading cent. Meanwhile, US crude Azad Kashmir. The Center according to Forex As- community can now un- – despite provision of med- tance,” he added. the patients they are resumed at 11:55 am, the prices bounced back into said that 2,066 patients sociation of Pakistan, derstand the suffering of ical, financial, communica- The prime minister said treating. market has continued to positive territory Tuesday, have so far recovered while the buying and selling the people of India-occu- tion and food assistance.” the “racist Hindutva Su- The Young Doctors As- increase its gains. The a day after crashing below the death toll from the virus rates of Dollar in open pied Jammu and Kashmir “Perhaps now interna- premacist Modi Govt” has, sociation said that non benchmark index also $0.00 for the first time ow- stands at 192 with 16 new market were recorded (IOJ&K) in the wake of tional community can un- in fact, ensured that the availability of protec- touched the level of 33,000 ing to crippled demand and deaths reported during the at Rs 161 and Rs 163 demonstrations in various derstand the suffering of Kashmiris are deprived of tive gear puts them in points during the trading. a storage glut, while the last twenty four hours. 796 respectively. – APP parts of the world against Kashmiris in IOJK as they all basic amenities during mental stress. The KSE-100 index gained commodity rout sent Asian new cases were reported coronavirus lockdowns.