The Economic Affairs Division (EAD) has stated that due to contraction in economic growth and fall in workers’ remittances, the unemployment in Pakistan will increase leading towards raise in poverty besides tightening of financial conditions, leading to complicated situation of external debt maturity refinancing.
The Policy Analysis and Development Wing of the EAD has reviewed reports of international financial institutions (IFIs) on the Covid-19 and examined its impacts on Pakistan’s economy. The EAD Wing has concluded that the Covid-19 pandemic will have severe impacts on Pakistan’s economy.
It further stated that the IFIs’ reports had not quantified the impacts of macroeconomic conditions on the general public.
“We can foresee that due to contraction in economic growth, fall in worker’s remittances; unemployment in Pakistan will increase leading towards increase in poverty in Pakistan. It will continue to put pressure for increased social safety spending in near future even afte..
Category: Featured
Coronavirus: Nationwide Lockdown Will Be Further Eased, Announces Imran Khan
Prime minister Imran Khan on Thursday announced that the nationwide lockdown will be further eased with more industries and businesses allowed to resume operations under necessary SOPs.
The decision, he said, was based on the virus situation in the country which is still stable compared to Europe, US, and other developed countries.
The PM gave examples of Iran and Egypt that too had chosen to reopen economy while keeping public gatherings restricted.
The premier shared that he had discussed the virus measures with Iranian and Egyptian leaderships while exchanging data and information for more informed decisions.
He said that Pakistan’s virus statistics were much similar to Egypt’s which also had chosen to not let people die from starvation by opening all businesses.
PM Imran stated that since no one knew how long the virus could last, it’s imperative that citizens maintain social distancing and follow preventive measures to keep the pandemic under control.
“The outbreak can go fu..
Situation Report: Coronavirus is Picking up Fast with Around 1,000 New Cases in a Day
Coronavirus, as it was feared and communicated by Prime Minister of Pakistan, has picked up its pace as daily new cases have reached around a grim milestone of 1,000. New deaths, however, still remained (comparatively) low and around 15.
Sindh reported 358 new coronavirus patients, while Punjab recorded 279 positive cases in a day, followed by KP that reported 178 new cases. Balochistan also remained consistent with 78 new additions in last 24 hours. GB added six new cases while AJK reported no new coronavirus positive case in past 24 hours.
Total deaths reached 385 — as KP added 15 new deaths to the provincial tally. These cases include suspected but previously unconfirmed COVID-19 related deaths or had been reported and managed at district level.
In addition to 15 such newly added cases, KP reported 9 deaths while Sindh reported 12 deaths and Punjab recorded 3 Coronavirus related deaths in the province during past 24 hours.
3,706 patients were hospitalized, up from 3,560 a day ag..
When Ranbir Kapoor revealed the two precious gifts his father Rishi Kapoor gave him
Bollywood actor Rishi Kapoor is no more. Industry members, his family and fans are all mourning the loss of this legendary actor. In 2017, Rishi Kapoor launched his memoir titled Khullam Khulla: Rishi Kapoor Uncensored. True to the title of the book, the actor spoke his heart out without sugar-coating words.
The book featured an emotional foreword written by his son and actor Ranbir Kapoor. “As I sit down to analyse my relationship with my father, I would say that the most precious gift he has given my sister Riddhima and me is that we can love our mother unconditionally. He showed us by example that she was at the centre of all our lives and our home. With her as our bedrock, none of the ups and downs in our lives could really touch us,” he wrote in the foreword.
“The second gift is that he has been a good husband to my mother,” Ranbir wrote. While Rishi Kapoor had his fair share of fights with Neetu Kapoor, he truly loved her and their children. This was evident in his last days. N..
Rishi Kapoor’s co-stars Satish Kaushik and Farida Jalal express grief
Actors Satish Kaushik and Farida Jalal not only worked with late actor Rishi Kapoor but also knew the actor personally. Filmmaker-actor Kaushik, who has worked with Kapoor in films like Tehzeeb, Saagar, Aa Ab Laut Chalen and Wedding Pullav, says the late star made acting look like the easiest profession.
While speaking to a news agency, Satish said that Chintu ji was a much loved young icon of romance. Satish Kaushik kept on seeing him after coming to Mumbai and then later worked with him as a co-star and was directed by him in Aa Ab Laut Chalen. Satish was shooting with Rishi Kapoor for his last film Sharmaji Namkeen. He said that with Rishi Kapoor gone the era of romance has gone.
Meanwhile, Farida Jalal broke down while talking about Rishi Kapoor. She said that she was very close to the actor and was shocked. Farida Jalal worked with Rishi Kapoor in the latter's debut film Bobby.
Rishi Kapoor passed away on April 30, early morning after a long battle with leukaemia. He was dia..
Aruna Irani remembers co-star Rishi Kapoor; narrates an old incident where he stood up like a hero
Rishi Kapoor passed away early morning on April 30, 2020, leaving the film fraternity and his fans gutted. The actor who was battling leukaemia passed away in a hospital in Mumbai. After his death, several industry members spoke about his greatness and their memories with him.
Bollywood actress Aruna Irani who has worked with Rishi Kapoor in the 70s and 80s in films like Khel Khel Mein and Ghar Ghar Ki Kahani while talking to a news agency said that he was good to each and every person. She said that they would call him Chintu baba.
Remembering the days during Rishi Kapoor's film Bobby, Aruna said that his father Raj Kapoor would scold him but he would never feel bad. She said that he never felt conscious and if his father would say something to him, he would say it is for his best.
Talking about her working experience with him Aruna Irani narrated an old incident. She said that once they went to a remote place to shoot and there were a lot of mosquitoes making sleep difficult. T..
VIDEO: Inside Rishi Kapoor’s funeral; Ranbir Kapoor performs the last rites
Indian cinema lost another icon today. Early morning on April 30, Rishi Kapoor breathed his last after his long battle with Leukemia. He was diagnosed with cancer in 2018 and returned to India in September last year after being treated for cancer in New York. His death was confirmed by his colleague and close friend Amitabh Bachchan on Thursday.
Rishi Kapoor's body was taken directly to the crematorium ground close to the hospital. Owing to the lockdown restrictions in place, the Mumbai Police allowed 16 members of the family to attend the funeral.
Ranbir Kapoor performed the last rites of his father Rishi Kapoor at the Chandanwadi crematorium ground. Due to lockdown restriction in place, Rishi Kapoor's body was directly taken to the crematorium ground instead of going to their Pali Hill residence first. Rishi Kapoor's elder daughter Riddhima Kapoor Sahni could not attend the funeral as she was in Delhi.
Meanwhile, seen at the funeral were Kareena Kapoor Khan, Alia Bha..
Daraz Launches Humqadam Program with Rs 4.5 Crore Subsidy to Facilitate Businesses Transitioning Online
Daraz, the leading online marketplace of Pakistan, has launched the ‘Humqadam’ program to lessen the financial duress on small-and-medium enterprises during a period of economic instability caused by the outbreak of the COVID19 pandemic.
With the ‘Humqadam’ program, Daraz is offering a subsidy of PKR 4.5 crore to small-and-medium businesses and is inviting them to establish their online ventures on the platform with the promise that they will not be charged commission for the months of May and June.
As the restrictions imposed on businesses under lockdown have been relaxed, which implies that they are permitted to operate online. Daraz ‘Humqadam’ program is a ready solution for brick-and-mortar establishments that want to shift towards e-commerce but do not have access to logistics or technological expertise.
Through the program, sellers will also have access to free business consultation and education on e-commerce operations through Daraz University, an online platform.
Daraz is ..
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