A trader counts Pakistani rupee notes at a currency exchange booth in Peshawar, Pakistan. Reuters
The Pakistan Tehreek-e-Insaf (PTI) government has accepted the long outstanding demand of stockbrokers to constitute a fund for stabilising the stock market. Adviser to Prime Minister on Finance Abdul Hafeez Shaikh accepted the proposal to form the fund at a meeting with the Pakistan Stock Exchange’s (PSX)
Pakistan’s rupee dropped to an all-time low of 146.5 to the dollar on Thursday, days after Islamabad announced it had reached an agreement with the International Monetary Fund on a fresh bailout for its troubled economy.
Prime Minister Imran Khan has taken one more step towards economic development as the federal government decided to establish Pakistan’s first corporate restructuring company.
'The UAE has decided to renew, from today and for a renewable period of two weeks, the suspension of entry of all foreign nationals holding valid UAE residence visa, in a bid to contain the spread the COVID-19 pandemic and to ensure their safety.
The ministry also announced that 35 cases fully recovered from the virus, after receiving treatment, bringing the total recovered cases to 96.
The Ministry said a 62-year old Asian expat and a 78-year old GCC national who tested positive for COVID-19 died due to complications related to chronic diseases. This brings death toll to eight.
"Considering the problems of overseas Pakistanis it has been decided that the first flight would land at Islamabad International Airport on April 4. All passengers will be sent in quarantine and tested for COVID-19. Those tested negative will be sent home through special arrangement of transport," Asad Umar said.