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Friday, 10 April, 2020 I 16 Shaban, 1441 I Rs 15.00 I Vol X No 282 I 12 Pages I Karachi Edition
World faces neW ‘Great depression’ as virus toll mounts g
IMF ChIeF SAyS ‘All But A hAnDFul OF COuntrIeS wIll See InCOMeS FAll’, urgeS gOVtS tO PrOVIDe lIFelIneS tO BuSIneSSeS AnD hOuSehOlDS PARIS
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aGENCIES
orld powers scrambled on Thursday to build a global response to the human tragedy and once-in-a-century economic catastrophe caused by the coronavirus epidemic, as death tolls in the US and Europe soared higher. In a locked-down New York, the UN Security Council was to meet on the pandemic for the first time. And, by video conference, EU finance ministers were wrangling over how to bail out their worst hit members Italy and Spain. “We anticipate the worst economic fallout since the Great depression,” said International Monetary Fund chief Kristalina Georgieva, warning that all but a handful of countries will see incomes fall and urging governments to provide “lifelines” to businesses and households alike. on the spiritual front, Pope Francis was preparing to celebrate Maundy Thursday with The Mass of the lord’s Supper, but he was to be unable to perform the tradition of washing the feet of the faithful in case of infection. And Iran’s supreme leader Ayatollah Ali Khamenei warned Muslim worshippers to pray at home rather than in crowded mosques, even when the holy month of ramadan begins later this month. Meanwhile, the number of worldwide cases of the novel coronavirus since it spread from China earlier this year topped 1.5 million, according to an AFP tally. More than 88,981 people have died. Alongside the personal tragedies and the pressure on overburdened hospitals, there has been a stark economic toll, with the World Trade organization warning of the “worst recession of our lifetimes.” The worst-hit countries in Europe — the worst hit continent — are Italy and Spain, where daily death tolls are now down from their peaks but still running high, despite strict lockdowns. Spain’s daily fatalities fell to 683 on Thursday, down from 757 the day before, while its total passed 15,000.
Corona situation to determine lifting of lockdown, PM says g
IMrAn SAyS heAlthCAre SySteM tO Be BurDeneD By enD OF APrIl AS VIruS CASeS Surge QUETTA Staff rEport
In Italy, the country’s youngest CoVId-19 patient, a two-month-old baby girl, was reportedly released from hospital, a bright moment of hope in a country with 17,669 dead. EUROPEAN PROJECT AT STAKE: adrid and rome are seeking assistance from EU partners to rebuild their economies in the wake of the disaster, but Germany has rejected the idea of joint borrowing and the Netherlands is blocking a compromise solution. EU finance ministers were to meet later Thursday by videoconference for the second late-night crisis talks of the week to try to agree terms to allow hard-hit members to access funds. “If we do not seize the opportunity to put new life into the European project, the risk of failure is real,” Italian prime minister Giuseppe Conte told the BBC, suggesting the very future of the EU was at stake. Christine lagarde, the head of the European Central Bank, said it was “vital” that ministers hatch a plan big enough to meet the challenge, warning: “If not all countries are cured, the others will suffer.” European companies are also suffering under a public lockdown, which health experts
coronavirus in
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say is vital to slow the virus’ spread but has effectively frozen economic life. In one example, German airline lufthansa warned it was losing one million euros ($1.08 million) an hour and would need state aid. The coronavirus slump has also exacerbated the instability in world energy markets, and on Thursday top oil producers from oPEC like Saudi Arabia and its oPEC+ partners, including russia, met to discuss cutting production to boost prices. UK PM’S CONDITION IMPROVING: The virus has travelled around the whole world, and confined more than a third of humanity to their homes, but there has been a marked lack of international solidarity.
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Europe could fall, Italy warns as divided EU seeks coronavirus rescue deal
STORY ON BACK PAGE
Prime Minister Imran Khan on thursday said that whole world is currently facing an unprecedented crisis due to the coronavirus pandemic and Pakistan’s health facilities too would be burdened by the end of April, however, the entire nation will fight this disease with unity and determination. talking to the Balochistan cabinet and members of parliament during his day-long visit to Quetta, he said that government is working round the clock to provide protective gear to doctors and paramedical staff and all necessary equipment has already been provided to those working at intensive care units. he said that there is a global shortage of ventilators and testing kits and the government is utilising all its resources to import them on emergency basis. the prime minister said that the national Command and Control Centre (nCCC) for COVID-19 is in constant contact with all the chief ministers for effective coordination to
Govt announces Rs2.5bn package for Ramzan ISLAMABAD app
CONFIRMED CASES:
4,474
RECOVERED:
572
SINDH:
1,128
DEATHS:
65
PUNJAB:
2,224
KP:
BALOCHISTAN:
AJK/GB:
ISLAMABAD:
560 28/213
219 102
the government on thursday announced a ramzan package of rs2.5 billion to provide relief to people during the holy month through the provision of essential commodities at discounted rates. Addressing a press conference alongside utility Stores Corporation (uSC) Managing Director umar lodhi, Special Assistant to the PM on Information and Broadcasting Firdous Ashiq Awan said under the package, 19 essential commodities will be provided to the people at reduced rates. “If deemed necessary, the amount will be increased to rs7 billion,” she said. the package was approved in a meeting of the economic Coordination Committee (eCC) of the cabinet on wednesday. According to an official, the government had come up with the package to ensure the sale of five essential items through utility Stores at existing rates until the end of the holy month. the eCC was told that arrangements had been put in place in this regard.
control the spread of the virus. PM Imran’s visit comes as the number of confirmed cases in the country rose to nearly 4,500. Punjab has been the worst-affected province with over 2,200 recorded cases, while Sindh has more than 1,100. Khyber Pakhtunkhwa has reported 560 cases while Balochistan has recorded 219. In Islamabad, more than 102 cases have been detected while gilgit-Baltistan has 213. Azad Jammu and Kashmir has 33 coronavirus cases. At least 65 people have died of the COVID-19, with 21 in Sindh, 20 in KP, 17 in Punjab, three in gB, two in Balochistan, and one in Islamabad. Some 572 people have recovered from the deadly virus so far.
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Cash distribution to needy during lockdowns ‘great achievement’, says PM STORY ON PAGE 03
more inside
Pakistan pledges $3m to fight coronavirus in South Asia STORY ON PAGE 03
ECC defers fuel adjustments in power bills till June STORY ON PAGE 09
According to the package, sugar will be sold at rs68 per kilogram, wheat flour at rs800 per 20kg, ghee at rs170 per kg, gram pulses at rs130 and two varieties of rice at rs139 and rs149 per kg, the meeting was informed. the package will become effective on April 17, a week before the start of ramazan. today, Firdous said under the federal government’s rs1.3 trillion relief and stimulus package, it was decided to reserve rs50 billion for the utility stores. rs10 billion have already been dis-
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bursed to uSC in order to ensure that the utility outlets have sufficient stocks of the essential items, she added. “A monitoring mechanism to ensure the availability of items at the utility stores will be put in place at the district level.” uSC MD lodhi said the uSC has a network of 4200 stores across the country. 200 more outlets will be added in the next 15 to 20 days. he said the uSC is also planning on to establish 200 additional outlets after ramazan with a focus on the rural areas.
ADB repurposes $50m for Pakistan to combat COVID-19 STORY ON PAGE 09
Coronavirus reaches Yanomami people in Amazon STORY ON BACK PAGE