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Govt to Reduce Electricity Tariff Soon

The federal government has decided to review all local and international energy agreements to reduce the adverse effects of coronavirus on the country’s economy and to pass on the relief to the common man. This was decided during a federal cabinet meeting with Prime Minister Imran Khan heading it. During the meeting, PM Khan said that the crippling situation of the economy due to the novel virus should not impact the poor segments of the society. He directed the finance minister to take necessary steps in this regard. Energy Accords to Be Revised Special Assistant to the PM on Information and Broadcast, Dr. Firdous Ashiq Awan, briefed media regarding the cabinet decisions. Dr. Awan said that the meeting agreed to review all accords in the energy sector, including the ones with Independent Power Projects (IPPs) and Liquefied Natural Gas (LNG). The cabinet was apprised that when the previous government signed these agreements, the value of the US dollar was around 60 Pakistani rupees..
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Facebook is Giving $1000 to Employees to Support Them Amidst the Epidemic

Facebook announced a work from home policy for all of its employees a few days ago and now they’re also planning to give out a $1000 bonus to every worker to help them amidst the epidemic. The decision was reportedly announced by founder and CEO Mark Zuckerberg through an internal memo on Tuesday. Facebook later explained the details saying that all of the bonuses will be distributed throughout April. The social media giant has around 45,000 full-time employees across the globe and each of them will also receive an “exceeds” rating based on their first six-month review for 2020. This will lead to bigger bonuses for employees that will further help them during the outbreak. Some of the full-time workers at Facebook have also taken over the work from contractors so they can stay at home. Facebook is also paying these contractors while they stay at home. Additionally, the company is also offering $100m to smaller businesses to help them cope with the economic impact of the pandemic. T..
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Shoaib Akhtar Lashes Out at Peshawar Zalmi Owner For His Coronavirus Remarks

Former Pakistan cricketer, Shoaib Akhtar has criticized Javed Afridi’s statement regarding the continuation of the Pakistan Super League amid coronavirus scare. Peshawar Zalmi’s owner had earlier said that it was only a matter of 48 hours if the PCB wanted to complete the remaining matches. The semi-finals were scheduled for Tuesday with the final slated for Wednesday 18th March as per the revised schedule. ALSO READ This Guy Will be a Better Batsman Than Babar Azam: Shoaib Akhtar Here’s what Javed Afridi said: I back the decision to postpone the league but on a personal note I was in favour of holding the remaining matches as well. While we were discussing this issue in meeting with other PSL franchises and PCB, I raised the point that it is just a matter of 48 hours, so let the PSL conclude in a better way. Shoaib Akhtar didn’t approve of Afridi’s suggestion, saying it would have put a large number of people at risk. One of the team owners is still saying that these remaining ..
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Crude Oil Prices Drop to Lowest Levels Since 2003

Oil extended its slide to the lowest level in almost 17 years as the coronavirus pandemic threatens to bring the global economy to a standstill, battering demand just as supply explodes. Oil prices fell for a third session on Wednesday to be down about more than 17% so far this week as the outlook for fuel demand darkened amid travel and lockdowns triggered by the coronavirus epidemic. WTI Crude oil was down $1.37 or 4.79%, at $25.96 a barrel. Whereas Brent crude was trading down 85 cents, or 2.92%, at $27.89 a barrel. ALSO READ PRL To Locally Produce Euro-II Standard Fuel & Save Over Rs. 1 Billion The coronavirus crisis is weighing on prospects for demand as people refrain from flying or driving amid lockdowns and border closures. A drop in U.S. inventories of crude, gasoline and distillates, as reported by an industry group, provided some support to prices, but the demand outlook remains grim amid a price war among major producers. Moreover, Saudi Arabia and Russia are engaged..
Oppo Launches a 4G Variant of the Reno 3 With Quad Cameras
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Oppo Launches a 4G Variant of the Reno 3 With Quad Cameras

Oppo released a 4G-only variant for last year’s Oppo Reno 3 Pro 5G a while ago and now they’re doing the same with the regular Reno 3 5G as well. The non-5G Reno 3 features a design identical to the 5G variant, but with a few differences in hardware specifications. Design and Display The Oppo Reno 3 LTE has a 6.4-inch AMOLED display with a tall 20:9 aspect ratio and a waterdrop notch. The display includes an optical fingerprint sensor that is capable of incredibly fast unlocking speeds. The back has a vertical quad-camera setup in the top left corner and a dual-LED flash unit next to it. Internals and Storage The device is powered by the Mediatek Helio P90 SoC with 8GB RAM and 128GB storage space. Unlike the 5G variant, this one does not come with a 12GB RAM option. The storage, however, is expandable via a micro SD card. For gamers, Oppo has included a Hyper Boost feature to stabilize in-game frame rates up to 38% and increase response time by 16%. Camera The primary camera setup..
KSE-100 Records The Biggest Two-Day Decline in History
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KSE-100 Records The Biggest Two-Day Decline in History

Pakistan Stock Exchange continued its bearish trend owing to the impact of the coronavirus outbreak as investors were swamped by extreme uncertainty. During the last two consecutive sessions, KSE-100 has declined by 3,444 (-9.55%) points which is the highest two-day decline in the history of Pakistan, stated an AHL report. At the end of the day, the KSE-100 index fell by 3.17% or -1,068 points to close at 32,617. The market rose by 209 points to 33,894 points during the opening minutes of trading but failed to maintain upward momentum as it touched an intraday low of 1,268 points. Source: Capital Stake Samiullah Tariq, Head of Research at Arif Habib Ltd said that the market is down as a consequence of a decline in regional markets, lower commodity prices, expected slow down in the global economy and negative impact arising from the outbreak of COVID-19. After today’s session, KSE-100 saw a 20% decline in the ongoing year. The market remained Yo-Yo in light of new virus cases emerg..
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Cricketers React to PCB’s Decision to Postpone PSL 2020

Following the decision to postpone the last three matches of the Pakistan Super League (PSL), the social media is saturated with opinions regarding the development. Cricket fans, experts and cricketers are all sharing their views on the decision to call off the matches for an indefinite period. With almost all sporting events being canceled or postponed, it looks like the right thing to do. Both former and active cricketers have also weighed in with their opinion. Let’s have a look at what they are saying: Sad but wise. Should Multan be crowned as champions? Afridi thinks so. Safety comes first. Rashid Latif likes the decision. There’s more to life than cricket. What are your thoughts on the decision? Let us know in the comments.
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Here Are PSL 2020’s Statistics for All 30 Matches

Pakistan Super League (PSL) 2020 has been postponed due to the coronavirus outbreak in the country. The decision was taken earlier today following a meeting between the Pakistan Cricket Board (PCB) officials and PSL franchise owners. PCB has said that it will reschedule the remaining matches once the country controls the pandemic that has resulted in over 200 reported cases in the country. Now that the PSL has been postponed, let’s have a look at the stats from the league at the end of 30 matches: Most Runs Babar Azam, the Pakistani run-machine, is leading the charts in terms of runs, followed by two Australians, Chris Lynn, and Ben Dunk. PLAYER TEAM MAT INNS RUNS SR HS AVE Babar Azam KK 10 9 345 123.65 78 49.28 Chris Lynn LQ 8 8 284 179.74 113* 40.57 Ben Dunk LQ 7 7 266 186.01 99* 53.20 Luke Ronchi IU 8 8 266 156.47 85* 38.00 Shadab Khan IU 9 8 263 159.39 77 37.57 Most Wickets Teenagers Mohammad Hasnain and Shaheen Afridi are at the top of the wicket-takers’ list with 15 and 13 wi..
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PIA Will be Forced to Shut Down if Flights Aren’t Resumed in a Couple of Months: Report

Pakistan International Airlines (PIA) is planning to shut down if flights for Saudi Arabia, China, Gulf, and Europe sectors are not resumed in a couple of months, reported a local media outlet. The report quoted a source saying that the Finance Division has worked out three different scenarios to compute the net deficit of the national flag carrier after the complete suspension of flight operations to Saudi Arabia, China, Doha, Kuwait, and Milan due to coronavirus. According to the report, PIA has incurred a revenue loss of over Rs 1.7 billion only on Saudi Arabia sector due to ban on the entry of Umrah pilgrims by the Saudi government for last 19 days and added that if this ban is not lifted, the loss will extend to around Rs. 3 billion till the end of March. The report while quoting a source stated that if UAE, operating at 40 percent of normal schedule and rest of the international operating at 75 percent of the normal schedule, was also suspended along with Saudi Arabia, China, ..
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Shahid Afridi & Ravi Bopara Pick PSL 2020 Winner After Postponement Decision

Pakistan Super League (PSL) 2020 was recently brought to an end due to the coronavirus outbreak in the country. With teams like Multan Sultans and Lahore Qalandars making it to the semi-finals for the first time ever, it truly is a sad ending to a very competitive tournament. While Pakistan Cricket Board (PCB) has said that the revised schedule will be conveyed in due time, it is highly unlikely that the coronavirus situation will be controlled anytime soon. What it means is that we might not get to see which team wins the 5th edition of the tournament. ALSO READ Breaking: PCB Cancels PSL 2020 Semi-Final & Final Matches Former Pakistan cricketer and star all-rounder, Shahid Afridi has picked his winner. Guess what, it’s his own team, Multan Sultans. The legendary cricketer believes that the table-toppers – and that too by a fair margin – should be awarded the trophy. In another interesting tweet, England and Multan player, Ravi Bopara has also decided the winner. No prizes for gue..