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Friday, 26 June, 2020 I 4 Dhū al-Qa‘dah, 1441 I Rs 15.00 I Vol X No 357 I 12 Pages I Karachi Edition
Response to Covid-19 neitheR ‘Confused’ noR ‘lethaRgiC’, imRan insists in na g
PM SAyS HE rEFuSEd TO IMPOSE STrICT nATIOnAL quArAnTInE kEEPIng In vIEW ECOnOMIC FALLOuT OF SuCH A dECISIOn
ISLAMABAD StAff rEport
R
EjECTIng the notion that the federal government was following a “confused” and “lethargic” approach to the coronavirus crisis, Prime Minister Imran khan on Thursday said if there was any government in the world “that was not confused as to how to tackle the pandemic, it was Pakistan’s”. Main opposition parties including Pakistan People’s Party (PPP) and Pakistan Muslim League-nawaz (PML-n) have time and again accused the prime minister of sending “mixed signals” which, in their opinion, deteriorated the situation in the country. Addressing the national Assembly, Prime Minister Imran said that there was “a lot of pressure” on him to impose a strict quarantine. “Even in my own cabinet, people wanted a more severe lockdown to be imposed […] We put up with a lot of criticism,” he told the House. However, the premier said, there was no confusion. “We’ve had daily meetings and taken decisions,” he said, adding that
pakistan
CONFIRMED CASES:
194,613
NEW CASES:
148
4,004
RECOVERED:
DEATHS:
81,307 3,931 SINDH:
75,168 KP:
24,303 AJK/GB:
SAyS PAkISTAn HAd TO FACE A LOT OF ‘HuMILIATIOn’ dESPITE SuPPOrTIng WASHIngTOn In ‘WAr On TErrOr’
his team considered all the people in the country and how the lockdown would impact them. The prime minister, despite being pressed to impose a strict national quarantine, had refused to oblige, citing economic fallout of such a decision. “A lockdown will result in people dying of hunger,” he had said in one of his many post-pandemic public appearances. Imran, who in his pandemic-related addresses has always painted a rosy picture despite the fact that the crisis has hit the country hard, once again sought to calm the nation, saying “if we can get past this month without numbers escalating, the worse could be over”. “I want to tell my nation that we’re facing a difficult situation. We need to follow standard operating procedures (SOPs) properly to defeat coronavirus. “This next step is critical because we have two paths before us; if we take precautions, then god willing our facilities are enough to cope with it [the outbreak],” Imran said, warning that negligence could make matters worse.
CoRonaviRus in
DAY'S DEATH TOLL:
g
PUNJAB:
71,191
BALOCHISTAN:
9,946
ISLAMABAD:
930/1,365 11,710
He said that it is the government’s duty to make people realise how important it is to save the elderly and those with comorbidities. “We have people sitting here [in the House] who have recovered, but for those with weakness and illnesses, it can be life-threatening,” he said. Addressing the opposition benches, he challenged their lawmakers to “point out one statement that had inconsistency” since the lockdown was first announced on March 13. “I constantly talked about two things: if you have the population of Singapore, if you have $50,000 per capita income [and] if you have natural social distancing, then curfew is the way to go. “But i also talked about how the restrictions would impact the poor people based on our conditions,” he added. recalling that the government did not have any data on available ventilators and intensive care staff initially, Imran lauded the national Command and Operation Centre for collecting all the information on a daily basis and looking at trends with expert help due to which “our decision making was free of inconsistencies”. ‘NEXT PHASE IS DIFFICULT’: reiterating the “destruction” a sweeping lockdown could cause to a country, Prime Minister Imran said: “India’s reports are in front of the world … figures show that 34 per cent people have been steeped into poverty. Their hospitals are facing difficulties; they are full.”
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Bilawal slams govt’s ‘failed policies’, challenges Imran to a public debate STORY ON PAGE 03
Covid cut: SBP slashes interest rate to 7pc g
THIS IS THE FIFTH rATE CuT SInCE COrOnAvIruS PAndEMIC HIT gLOBAL ECOnOMy, WITH TOTAL rEduCTIOn BEIng 625BPS In LAST 100 dAyS KARACHI MEIryuM AlI
The State Bank of Pakistan (SBP), in a meeting of the Monetary Policy Committee (MPC) on Thursday, slashed the country’s policy rate by 100 basis points from 8 per cent to 7pc. The surprise move was taken in light of the SBP’s view that the inflation has improved further, but that domestic economic slowdown has continued, proving a risk to growth. This is the fifth time in the space of four months in which the SBP has slashed the policy rate. In the space between March 17 and june 25, the SBP has now cut the policy rate by a whopping 625 basis points, from the relatively high 13.25pc to 7pc. More specifically, it cut the policy rate by 75 basis points from 13.25pc to 12.5pc on March 17, by a further 150 basis points to 11pc on March 24, by 200 basis points to 9pc on April 16, and by 100 basis points to 8pc on May 15. Central banks around the world have slashed interest rates, though perhaps none as aggressively as Pakistan’s SBP. According to a
Over 3,000 Covid-19 patients critically ill in Pakistan g
148 dIE In rECOrd SIngLE-dAy SPIkE In 24 HOurS ISLAMABAD AGENCIES
Over 3,000 Covid-19 patients in Pakistan are in critical condition, authorities said on Thursday, as new cases in the country also increased after days of decline. With 4,044 additions, Pakistan’s tally of coronavirus infections reached 191,970, putting the country at number 13 worldwide in terms of cases, according to the health ministry data. The figure is slightly higher than Wednesday’s count of 3,892, which was the fifth day of declining infections in the country. A total of 3,003 patients are in critical condition in hospitals across Pakistan, while recoveries increased by 3,553 to 81,307, the ministry said. The daily fatality count also shot up on Thursday, more than doubling to 148 just a day after hitting a comparative low of 60. The country’s death toll now stands at 3,903, the ministry said. Some 1.17 million people have so far been tested in the country of over 200 million people, with 21,835 tests conducted over the past 24 hours. Health experts believe the
Bloomberg report in May, Pakistan has cut its interest rates the most this year, out of a survey of nine countries, including the uS, Peru, South Africa, Turkey and ukraine. After the latest cut, Pakistan’s interest rate is now the same as countries such as Azerbaijan, Ethiopia, kenya, Maldives, Tanzania, and uganda. TIMING OF CUT: In explaining its rationale for cutting the policy rate, the SBP said that from a risk management point of view, a prompt response to downside risks to growth was called for given the improved inflation outlook. The timing of this surprise announcement was also partially explained: the SBP explicitly pointed out that approximately rs3.3 trillion worth of loans were due to be repriced by early july 2020. “This was an opportune moment to take action from a monetary policy transmission perspective. In this way, the benefits of interest rate reductions would be passed on in a timely manner to households and businesses,” the statement read.
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more inside
Pakistan signs $2.4bn agreement for 1,124MW Kohala Hydro Power Project STORY ON BACK PAGE
falling numbers are due to the locality-based lockdowns — termed “smart lockdowns” by the government — recently enforced in high-risk areas in 20 big cities. However, local media reports suggest it could be because of reduced testing, with daily test numbers falling to less than 25,000 from over 32,000. Earlier this month, the World Health Organisation advised Pakistan to impose a two-week strict lockdown, declaring the country the second-most vulnerable to the pandemic after neighboring Afghanistan.
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The recommendation came as infections skyrocketed when the government lifted its lockdown restrictions of varying strictness in late May, ahead of the Muslim festival of Eid al Fitr.
CONTINUED ON PAGE 02
SC tells NDMA to explain how it is spending Covid-19 funds STORY ON PAGE 03
PM Imran draws Opp’s ire for calling Osama Bin Laden a ‘martyr’ STORY ON BACK PAGE
SC takes notice of Pakistani pilots without licences STORY ON PAGE 02
SBP reserves fall below $10bn STORY ON BACK PAGE