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COVID-19 positivity rate surges past 3% in Pakistan

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  • Pakistan logs 353 COVID-19 new cases in last 24 hours.
  • COVID positivity ratio rises to 3.1% in Pakistan.
  • 155 COVID-19 patients still in critical condition.

The COVID-19 positivity ratio in Pakistan surged past 3% as the country logged 353 new cases in the last 24 hours, the National Institute of Health, Islamabad (NIH) data showed Thursday morning.

The new infections were detected after diagnostic testing on 11,388 samples, pushing Pakistan’s coronavirus positivity ratio to 3.10% and the number of total cases to 1,560,955.

Meanwhile, a COVID-19 patient succumbed to the disease during the course of treatment, taking Pakistan’s coronavirus death toll to 30,509. A total of 211 patients also recovered overnight. However, 155 people are still in critical condition, as per NIH.

After the new recoveries and deaths, the country’s active COVID-19 case count swelled to 9,711 overnight.

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Senate Session: Senate Proceeds With Debate On Important National Issues

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Today, the Senate reconvened in the Parliament House in Islamabad, with Chairman Sadiq Sanjrani presiding.

The House has persisted in debating matters of national significance.

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Elections

Government Formation: PML-N & PPP To Hold New Round Of Talks Today

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The Pakistan Peoples Party and the Pakistan Muslim League-Nawaz would begin their second round of negotiations today.

In a casual chat with reporters, PML-N Leader Azam Nazir Tarar stated that the negotiations are progressing well.

Tarar went on to say that some decisions on PPP’s involvement in the Cabinet had already been made.

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Business

Over 600 points are added by PSX in intraday trading.

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Tuesday’s lunchtime trading on the Pakistan Stock Exchange saw favorable activity.

During intraday trading, the benchmark KSE-100 Index increased by 672.08 points, or 1.11%, and was trading at 61131.82 levels.

The KSE-30 Index was trading at 20,558.31 after adding 211.46 points, or 1.04%.

The Pakistan Muslim League-Nawaz (PML-N) and the Pakistan Peoples’ Party (PPP) had another round of discussions for the establishment of a central government the day before the rally in the local stock exchange.

In the meanwhile, Fitch Ratings has issued a warning, stating that the likelihood of default would rise in the event of a drawn-out discussion or the inability to reach an agreement with the International Monetary Fund (IMF).

According to the State Bank of Pakistan, which reported net foreign reserves of $8 billion as of February 9, 2024, up from a low of $2.9 billion on February 3, 2023, Pakistan’s external situation has improved recently.

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