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Amid growing concerns about the potential economic impact of the COVID-19 pandemic, State Bank of Pakistan (SBP) with the collaboration of Pakistan Banks Association (PBA), has announced a comprehensive relief package. This package will help relevant stakeholders including households and businesses (microfinance, SMEs, corporates, commercial, retail, and agriculture) to manage their finances through this temporary phase of disruption. Key highlights of the package are as follows: Banks To Enhance Advances to Borrowers Banks’ overall pool of loanable funds has been increased. To support the banking sector to supply additional loans to businesses and households, SBP has reduced the Capital Conservation Buffer (CCB) from its existing level of 2.50% to 1.50%. This will enable banks to lend an additional amount of around Rs. 800 billion, an amount equivalent to about 10% of their current outstanding loans. The reduced CCB level will remain applicable till further instructions by SBP. D..

In order to match increased demand, Netflix has removed the highest bandwidth streams in Pakistan, as well as across Europe and the UK. The decision has been taken in order to reduce traffic so that more users can avail the service. In an email statement issued on Thursday, Ken Florance, the Vice-President of Content Delivery at Netflix, said: “Given the crisis, we’ve developed a way to reduce Netflix’s traffic on telecommunications networks by 25% while also maintaining the quality of our service. So consumers should continue to get the quality that comes with their plan — whether it’s Ultra-High, High or Standard Definition. ALSO READ Netflix is Down Around the World Due to Surge in Viewerbase Netflix said that it wants to help ensure that the Internet continues to work well during this crisis. Netflix typically has many different streaming options for a single title within each resolution. This action means they have simply removed the highest bandwidth streams. So whether yo..

As the world grapples with the coronavirus, medical experts around the world are working on a vaccine to help stem the pandemic. Hydroxychloroquine is one of the few available drugs that experts were confident that would show better symptoms and recovery in clinical trials for patients with COVID-19. ALSO READ Anti-Malaria Pills Do Not Cure Coronavirus, Cause Serious Side Effects: Experts Professor Sunit K Singh, molecular immunology & virology and head of the molecular biology unit at Banaras Hindu University’s Institute of Medical Sciences in Varanasi, India said, The combination therapy of azithromycin and hydroxychloroquine was thought to be better over the monotherapy of hydroxychloroquine to control the mixed infection of virus and bacteria. Currently, the drug also known as Plaquenil is used for lupus and rheumatoid arthritis. It differs from chloroquine phosphate, another medicine being used for malaria which is also being looked at to treat the COVID-19. Both drugs have ..

Bank Alfalah issued a statement signifying that they are aware of circulating news regarding the potential spread of CoronaVirus within its locations. As per the bank’s protocol, any employee exhibiting flu-like symptoms in the workplace is being asked to immediately return home, go into self isolation and seek medical assistance. This is being followed by a thorough disinfection and deep cleaning exercise of the premises on priority basis. As per their statement, the same protocol had also been followed at the Shahdin Manzil Branch, which had been operating with the essential workforce only. In the said branch, one of the employees had reported possible flu-like symptoms and was instructed to self-isolate and seek medical assistance. The employee is awaiting his test results and Bank Alfalah wishes him good health and a speedy recovery regardless of the outcome. To further minimize exposure, the essential staff present at the Shahdin Manzil Branch has also been instructed to stay h..

According to media reports, the Saudi government has asked Pakistan not to enter into Hajj agreements citing fears over the coronavirus pandemic. The Hajj agreement is to help arrange food, shelter and travel for the pilgrims from the country. Dr. Muhammad Saleh bin Taher Benten, Saudi Minister, has written a letter to Pakistan’s Ministry of Religious Affairs asking them not to sign such agreements until the “direction of Covid-19 is clear”. The letter has been received today by the Religious Affairs Ministry in Pakistan and it goes on to say that the Saudi government is monitoring the developments and will brief about any future course of action after. As per reports, after receiving the letter, the Ministry has stopped all work on the Hajj agreements. What do you think? Let us know in the comments below.

In a commendable step, the Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) has offered its manufacturing capabilities as well as know-how to develop medical equipment locally. PAAPAM, in a letter forwarded to the Engineering Development Board, said that it would like to offer help keeping in view the spread of the virus and need of ventilators across the country. The body has also lauded the efforts of the government and its steps to deal with the situation such as relaxing duty and import duty on the import of medical equipment and other goods. ALSO READ Coronavirus Pandemic: Heightened Expectations of Mobile Users Vs How Telcos are Responding The letter said, “We heard about the request from various government forums to explore the possibility of manufacturing vital medical equipment like ventilators in Pakistan. The list of other imported medical items is long and the manufacturing of these goods will be considered keeping in view the population o..

While the Covid-19 cases in China have been majorly found amongst the elderly aged 65 and above but in the case of Pakistan, the majority of the cases are involving people between the ages of 21-30 years. Dr. Zafar Mirza, PM’s Special Assistant on Health said, “Twenty-four percent of the confirmed cases in Pakistan so far are between 21 to 30 years of age. This constitutes a majority of the cases. The pattern is unlike other countries where cases mostly comprise older people,” while speaking during his media briefing on Wednesday. ALSO READ Xiaomi’s New Face Mask is Better Than N95 With an Improved Fit While the SAPM failed to share a complete picture with regards to the virus trend in the country, it is easy to conclude that no one is immune to the virus regardless of age. Furthermore, new data from the US and Europe shows that young adults are not that immune to the virus with 705 of the first 2,500 cases in the US were aged 20-44. Although, complication and ICU admissions among..

During these times of lockdown within Pakistan due to the Coronavirus pandemic, Oppo considering it a corporate social responsibility, has extended the warranty for all its products by 2 months. Warranties expiring on the 26th of March 2020, will now expire on 26th May 2020 and so on. Consumers can check the status of their warranty easily on Oppo’s website by entering in the IMEI number. The 2-month extension is a first of its kind initative. With this promise, Oppo, re-affirms its focus on product quality and reliability backed by robust investments in product research, and development. The company aspires to offer value to their customers. In doing so, the company tries to bring up front and a closer experience that revolves around clarity. Oppo considers its valued customer’s safety a topmost priority amid such a crisis. Oppo is taking appropriate measures to make its consumer’s at ease and provide complete safety to its employees.

Check Point, a cybersecurity firm, recently reported a previously undetected malware that was present in a total of 56 applications on Play Store, 24 of them were focused on children. The malware, dubbed Tekya, imitates user actions to serve ads from networks such as Google’s AdMob, AppLovin’, Facebook, and Unity. The code takes advantage of Android’s MotionEvent actions that report user movement events. As a result, it can generate clicks that cannot be differentiated from the movement of a pen or finger across the screen. According to Check Point, the code is embedded in the application’s native code, which is why it could easily bypass Play Store’s security protocols. Even though the applications were removed after Check Point notified Google, they were collectively downloaded over a million times. Manager of Mobile Research at Check Point, Aviran Hazum, took this event to explain how Google’s efforts to remove malicious apps are in vain. He said: To us, the amount of applicatio..