Epaper – May 6 ISB 2020

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CMYK

Wednesday, 6 May, 2020 I 12 Ramzan-ul-Mubarak, 1441 I Rs 15.00 I Vol X No 308 I 56 Pages I Islamabad Edition

Pakistan to lose rs628bn by June, says govt rePort g

PSX facing loss of Rs250bn whereas Petroleum Division may lose Rs87bn due to COVID-19 outbreak ISLAMABAD

D

AHMAD AHMADANI

UE to an adverse impact of coronavirus on the economy, Pakistan will record a loss of over Rs628 billion by the end of the current fi-

nancial year, said a report prepared by the sub-committee of the National Coordination Committee (NCC) for COVID-19. The report ‘COVID-19: Preliminary Macroeconomic and Socioeconomic Assessment’ said almost all the departments of the country

more inside

Cabinet approves rice export, reconstitution of minorities commission STORY ON PAGE 02 in today’s issue

attention Some readers have complained that they are not getting the magazine with their newspaper copy. Please call or WhatsApp us at the following number to register a complaint. Contact: 0307-7338168 irfan.farooq@pakistantoday.com.pk

were going in a loss due to lack of human activity in the wake of the pandemic that has killed over 200,000 people worldwide. Giving a breakdown of the losses, the report said the Aviation Division will face an estimated financial loss of Rs13.6bn; the Pak-

istan Stock Exchange Rs250bn; Petroleum Division Rs 87bn; Ministry of Energy (Power Division) Rs136bn; Pakistan Railways over Rs7 bn; National Food Security Rs 55bn; Overseas Pakistanis over Rs 76bn; Ministry of Information Technology Rs1-5bn under the head of withholding tax; and Maritime Affairs will report a loss of Rs30 million. It further said that the Federal Board of Revenue will face a total estimated revenue shortfall of Rs600bn in the last three months of the current financial year. The report also suggested the way forward to deal with losses, saying some measures have already been taken.

AGENCIES

The administration in Indian occupied Jammu and Kashmir has decided to treat the entire region as well as three districts in Jammu as red zones, or hotspots, to effectively combat coronavirus infections, it emerged on Tuesday. Earlier, the Indian health ministry had classified only four districts — Srinagar, Bandipora, Anantnag, and Shopian as red zones.

But regional Divisional Commissioner Pandurang Pole told Anadolu Agency that given the spike in the number of cases, there were red zones in every district and infections were not showing any downward trend. “At this point in time, we cannot afford to lower our guard. All the 10 districts of the region will be treated as red zones until further orders,” the official said. According to an order issued by Chief Secretary BVR

CMYK

karachi sehr: 4:30 aM iftar: 7:05 PM

islaMabad sehr: 3:40 aM iftar: 6:59 PM fiqah-e-jafaria islaMabad sehr: 3:30 aM iftar: 7:09 PM

lahore sehr: 3:32 aM iftar: 6:58 PM

karachi sehr: 4:20 aM iftar: 7:15 PM

Coronavirus in

Pakistan

CONTINUED ON PAGE 05

India declares entire held Kashmir, 3 Jammu districts as Covid-19 hotspots SRINAGAR

fiqah-e-hanfia lahore sehr: 3:42 aM iftar: 6:48 PM

Subrahmanyam, districts can be classified into red or orange zones based on their coronavirus situation. The administration in its order declared the districts of Jammu, Samba and Kathua as red zones, Udhampur, Reasi, Ramban, and Rajouri as orange zones while Doda, Kishtwar, and Poonch were declared as green zones. All the ten districts of the Kashmir region, however, were declared red zones.

CONTINUED ON PAGE 05

CONFIRMED CASES:

22,223

RECOVERED:

DEATHS:

SINDH:

PUNJAB:

KP:

BALOCHISTAN:

AJK/GB:

ISLAMABAD:

5,801

8,189 3,499 71/372

514

8,133

1,495 464


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