PIA Gets Approval to Bring Back Stranded Pakistanis in Saudi Arabia

Saudi Arabia has allowed Pakistan International Airlines (PIA) to bring back passengers and Umrah pilgrims stranded in Saudi Arabia till March 17. The national carrier can send its aircraft to Jeddah and Madina only for the purpose of bringing back those stranded in Saudi Arabia. A circular issued by the Saudi authorities said flight operation of Saudi Airlines from Jeddah and Medina to Pakistan will continue till March 19. CAA had written a letter addressed to President General Authority of Civil Aviation Riyadh, Kingdom of Saudi Arabia regarding the suspension on entry into kingdom of Saudi Arabia (circular dated March 12. 2020). The spokesman of PIA, Abdullah Hafeez said the national flag carrier had operated 65 flights from Pakistan to Saudi Arabia from March 13 to March 15 and brought back 17,184 passengers. He said PIA had been granted special permission by the Saudi authorities to operate its flights to Jeddah and Madina till March 17. “We hope our flight operation will be ..
COVID-19 Cases in Sindh Alone Jump to 76; Pakistan Tally Now Reaches 94

COVID-19 Cases in Sindh Alone Jump to 76; Pakistan Tally Now Reaches 94

The COVID-19 spread in Pakistan continues to see a rapid spike with the national tally reaching 94. Sindh alone has reported 76 cases with two recoveries to date. Adviser to Chief Minister of Sindh on Law, Anti-Corruption Establishment, and information Murtaza Wahab has announced in a Tweet that the number of COVID-19 cases has reached 76 in the province. The center and provincial governments are taking strong measures to curb the spread. The Sindh government has ordered all parks and public recreational facilities across the province to be shut. Karachi Mayor Wasim Akhtar also issued similar instructions for recreational facilities falling under the Karachi Metropolitan Corporation (KMC). Hostels of varsities across Punjab have also been converted into quarantine centers. Punjab has prohibited hoarding of sanitizers, public gatherings under Section 144. Pakistan International Airlines has also suspended flight operations between Pakistan and Saudi Arabia. The country had already b..

Trading Halted at the PSX Yet Again

For the fourth time in six working days, the trading was halted at the Pakistan Stock Exchange after the KSE-30 index fell down by 5%. On Monday, the KSE-100 index dropped down by nearly 4.58% to 34,409 points amid coronavirus fears. The panic-induced selling caused the index to nosedive over 1,651 points in early trading, which led to a halt to trading activity for nearly 45 minutes as per the new PSX rules. External shocks due to breakout of coronavirus infections are pushing Pakistani stocks into a bear market. Upon imposition of market halt, all equity and equity-based derivative markets got suspended. The ‘market halt’ had been introduced by the Securities and Exchange Commission of Pakistan (SECP) in PSX regulations in December 2019. It comes into action when the KSE-30 index moves 4% either way and remains there for five consecutive minutes. A.A.H Soomro, managing director at Khadim Ali Shah Bukhari Securities Pvt said, “The fear is spreading faster than the virus. Investo..
Female Celebrities who Love Horses

Female Celebrities who Love Horses

Horses are adorable, and so are the people who love horses. It has been witnessed that people who are generally kind towards animals are people with kind hearts. Many of our celebrities are fond of pets and have one for themselves but here are five of your favorite female celebrities who are often seen posing and posting pictures with horses. Have a look and share who is your favorite. Mehwish Hayat Zarnish Khan Maya Ali Naimal Khawar Saba Qamar Top Trending Right Now:

SBP Will Intervene to Stabilize the Currency & Economy: Report

The State Bank of Pakistan has stated that it is ready to take action to support financial markets in the face of the the coronavirus pandemic, reported Bloomberg. The pandemic has led to a sell-off in the country’s bonds and has also triggered Pakistan’s net sales of $772 million in short-term rupee debt in March after eight successive months of purchases that totaled $3.1 billion. According to the report, State Bank of Pakistan Governor Reza Baqir said in an email The current market volatility in Pakistan is externally driven and the strengthening in the fundamentals of Pakistan’s economy that drove the improvement in Pakistan markets before the outbreak of coronavirus remains intact,” The central bank “is monitoring the situation closely and remains ready to take any actions needed to address disorderly market conditions. The State Bank got involved on Friday, and helped the rupee to advance 0.1% after a four-day decline, according to people familiar with the matter. Global cent..