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Jiddat Global

Web Desk ::Around 3 million people will lose their jobs in the “initial round’ of the coronavirus outbreak. A written response has been submitted by the Finance Ministry to the Senate in which it was revealed that as per the government’s estimate

The upper house was informed that 1 million jobs will be lost in the industrial sector while 2 million jobs will be lost in the services sector. Also, the ministry said that the Pakistan Institute of Development Economics has estimated that unemployment would rise by 18 million in the agricultural, services, and industrial sectors collectively.

A response was submitted to the ministry to a three-part question by Senator Mushtaq Ahmed who asked regarding the estimated loss to the economy, surge in the budget deficit, debt and dollar value, and the plan by the government to cope with the challenges.

The finance ministry said that the proportion of people living in poverty will increase to 33.5% from 24.3%. Also, it is expected that the fiscal deficit would rise from the initial target of 7.5% to 9.4% of the gross domestic product (GDP) because of the revenue shortfall and an “increase in public spending due to fiscal stimulus package”.

As per the ministry said that the increase in debt burden will be dependent on the fiscal deficit.Also, the exports may decline to $21-22 billion due to low commodity prices and low economic activity in the United States, European Union, United Kingdom, and the Middle East.

3 million people to #lose #jobs in #Pakistan amid #COIVD-19

Web Desk ::Minister of Science and Technology Chaudhry Fawad Hussain says government is taking all possible measures to ensure a safe and healthy life of the people.

Talking to Radio Pakistan’s News and Current Affairs Channel, he said, people not following guidelines on Covid-19 has become a global concern.

Taking part in the program Minister of State for Climate Change Zartaj Gul said prevention is always better than cure and it is necessary to check increasing number of corona cases.

Talking about the locust problem in the country Minister for National Food Security and Research Syed Fakhar Imam said swarms of locusts have invaded agriculture fields in the country decimating crops and risking famine. He said China is also supporting Pakistan to improve its pest control system to overcome the locust plague.

Govt taking all possible measures to ensure #safe & #healthy life of #people: Minister of Science and Technology Chaudhry Fawad Hussain

Web Desk ::According to an official notification, the Civil Aviation Authority (CAA) closed the main runway at the Allama Iqbal International Lahore for two months.

As per the details of the notification, the main runway at Lahore’s airport will remain closed as CAA has given the permission to repair the runway.

The 18-L runway at the Allama Iqbal International Airport Lahore has been closed for all national and international flights and the airlines have been told use runway 36-L instead.

The Civil Aviation Authority (CAA), in its notification, said that the work on the main runway will start on June 4 and it will reopen on August 4 for domestic and international flights.

In its notification, the Civil Aviation Authority (CAA) has also instructed the airlines to curtail the number of the passengers in order to reduce the weight of the planes.

The authority warned the airlines that it would take strict action against the violators and impose fines if airlines ignore its instructions.

The main #runway at #Lahore #airport closed for two #months by #CAA

Web Desk ::World Environment Day is being observed across the world today to raise awareness about environment and importance of conserving the planet.

In his message, Punjab Chief Minister Usman Buzdar said a collective strategy is needed to move forward to overcoming environmental degradation.

The chief minister said population explosion and industrial development have affected global environment, however present government has taken different measures to overcome pollution in country.

#WorldEnvironmentDay being observed #worldwide today