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Govt to outline guidelines for industrial workers amid COVID-19

ISLAMABAD, (TLTP): The government has decided to outline safety guidelines for the workers of those industries, which are required to be kept operational to ensure the supply of essential commodities. It was decided during a high-level videoconference chaired by Minister for Planning, Development & Special Initiatives Asad Umar on Saturday. The meeting discussed proposals for […]

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IMF decides two years debt service relief for poor states

ISLAMABAD, (TLTP): The International Monetary Fund (IMF) Executive Board decided on Friday to allow all member countries with per capita income below the World Bank’s operational threshold for concessional support to qualify for debt service relief for up to two years. According to a press statement, in direct response to the COVID-19 crisis the IMF […]

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Traders urged to focus on enhancing trade with Poland

ISLAMABAD, (TLTP): Malik Muhammad Farooq, Ambassador-designate of Pakistan to Poland, has said that Pakistan’s trade with Poland is negligible as compared to actual potential and stressed that business community should focus on further enhancing trade and exports in Polish market. Malik expressed these views during his visit to Islamabad Chamber of Commerce & Industry (ICCI) […]

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WB offers $12bn in support of countries’ response to COVID-19

ISLAMABAD, (TLTP): As COVID-19 reaches more than 60 countries, the World Bank Group is making available an initial package of up to $12 billion in immediate support to assist countries coping with the health and economic impacts of the global outbreak. This financing is designed to help member countries take effective action to respond to […]

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PM Launches Blue Area Project with Hopes to Attract Investment

Islamabad, (TLTP): Prime Minister Imran Khan Sunday launched the multibillion rupee commercial project of Blue Area Islamabad to auction the land and spend the revenue for rehabilitation of Islamabad. “Launching the Islamabad Blue Area multibillion rupees commercial project today. This will not only provide jobs but will also attract investment from overseas Pakistanis,” the prime […]

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Pakistan Confirms Two Coronavirus Cases

Islamabad, (TLTP):  While confirming emergence of two Coronavirus patients, one in Sindh and other in Federal area, Health Minister Dr. Zafar Mirza reiterated that Pakistan has taken all pre-cautionary measures to stop outbreak of the epidemic. Addressing a press conference at late Wednesday night Dr. Mirza and Chief Minister Balochistan Jam Kamal informed that special […]

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Coronavirus Punches Hole In Oil Market That OPEC Can’t Fix

The coronavirus epidemic is a black swan that has severely disrupted the outlook for the global oil market, and at this moment it remains unclear how large the destruction in demand will be because of the outbreak. Various estimates project that the coronavirus will shave 250,000 bpd to 500,000 bpd off global oil consumption this […]

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PM Wants to Shield Masses From Electricity NJ Surcharge, Circular Debt: Awan

Islamabad, (TLTP): Prime Minister Imran Khan has, one again, reiterated the government’s resolve not to put burden of increased bills of electricity on people. Special Assistant to Prime Minister on Information and Broadcasting, Dr. Firdous Ashiq Awan said the prime minister directed the Ministry of Energy to devise a comprehensive mechanism so that increase in […]

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Offshore Surveys In Economic Zone Conclude

Karachi, (TLTP): Pakistan Navy and China Geological Survey Ship (CGS) undertook a joint scientific research expedition to comprehend the geology of Pakistan’s Exclusive Economic Zone (EEZ). Besides Chinese counterparts, scientists from Pakistan Navy, National Institute of Oceanography, Pakistan Petroleum Limited (PPL) and Bahria University participated in the survey mission. During this expedition, spreading over more […]

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First Insurance Sector Centralized Repository Launched

Karachi, (TLTP):  To complement the government’s objectives of providing ease of doing business and enhanced consumer protection, Pakistan’s first ever centralized information repository is established for life insurance sector. The repository that will function under the regulatory impetus of SECP will hold critical data of life insurance policies electronically. Aamir Khan, Chairman Securities and Exchange […]