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Daily Archives: November 12, 2020

Benazir Shaheed XI win festival basketball match


November 12, 2020

KARACHI: Benazir Bhutto Shaheed XI beat Mariam Mukhtar Shaeed XI 35-31 to win the Allama Iqbal Day Festival Basketball match here at the Arambagh0-Abdul Nasir courts on Tuesday. Laiba Tabrez (12 pts), Sunbul Zehra and Isabella Christopher scored 10 points each for the winners while for the losing side, Samra Iqbal (10 pts), Sarah Sadiq (9pts) and Ammara Siddiqui (8 …

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DeChambeau eyes winning Masters


November 12, 2020

AUGUSTA: Bryson DeChambeau is about to launch his ball-blasting style at Augusta National, and even his rivals wonder if golf will be the same after his attack at the Masters. DeChambeau’s overpowering US Open victory at Winged Foot in September proved his strategy of maximum distance and precise direction without fear of dense rough could win major titles. The 27-year-old …

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West Indies cricketers sanctioned for breaching NZ isolation rules


November 12, 2020

CHRISTCHURCH: The West Indies cricket squad has been stripped of the right to train while in managed isolation after players were found to have breached rules around their 14-day quarantine. New Zealand’s Ministry of Health said CCTV footage from the team’s Christchurch hotel showed players mingling in hallways and sharing food in violation of managed isolation regulations. The ministry said …

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Calls for Sharma to replace Kohli as India T20 skipper


November 12, 2020

NEW DELHI: India should embrace split-captaincy and put Rohit Sharma in charge of their T20 squad, several former cricketers said after the opener led Mumbai Indians to a fifth Indian Premier League (IPL) title on Tuesday. Virat Kohli leads India across formats, while Rohit usually deputises for him in limited-overs cricket. Rohit top-scored with a fluent 68 as Mumbai crushed …

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Younis confirmed as batting coach for two years


November 12, 2020

Former captain Younis Khan will continue as the men’s batting coach of Pakistan until the Twenty20 World Cup in 2022, the Pakistan cricket board (PCB) said on Thursday. Younis is the only Pakistani batsman in Test cricket’s 10,000-run club and accompanied the side on their tour of England this summer. “The PCB will also be utilising Younis Khan’s expertise and skills when …

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Bank earnings soar 53pc in Jan-June


November 12, 2020

KARACHI: Despite some increase in credit risk, banking sector demonstrated improved profitability — showing a jump of 52 per cent in the first half of the current calendar year, the State Bank said on Wednesday. In its Mid-Year Performance Review of the banking sector — which comprehensively covers the performance and soundness of the banking sector for the period January …

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Auto sales jump 8.1pc


November 12, 2020

KARACHI: Auto sales showed a brisk upward trend in 4MFY21 with 8.1 per cent rise in sales of cars, 93pc in jeeps, 39pc in LCVs, 19pc in two- and three-wheelers and 24pc in farm tractors, data released by the Pakistan Automotive Manufacturers Association (Pama) showed on Wednesday. Atlas Honda Ltd assembled and sold all-time high units of 116,024 and 116,000 …

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Ogra slashes losses allowed to SNGPL, SSGC for regasified LNG


November 12, 2020

ISLAMABAD: In a turning point in the pricing of regasified liquefied natural gas (RLNG), the Oil and Gas Regulatory Authority (Ogra) on Wednesday reduced to about 6.3 per cent — from about 17pc in the past — the cost of losses in tariff through a majority decision. In doing so, the regulator also notified the RLNG price for last four …

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October remittances grow 14pc, rising for fifth straight monthGovt to issue $1.5bn bonds in two months


November 12, 2020

ISLAMABAD: Pakistan plans to float much delayed Eurobonds $1-1.5 billion within two months to shore up foreign exchange reserves. Finance ministry’s spokesperson Kamran Ali Afzal on Wednesday told journalists that bids for appointment of lead manager for the Eurobond issue had been received from 10 leading international banks. The bids were opened on Tuesday and adding all the traditional top …

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October remittances grow 14pc, rising for fifth straight month


November 12, 2020

Remittances during the month of October rose 14.1 per cent year-on-year to $2.3 billion, clocking in above the $2bn mark for the fifth consecutive month, data released by the State Bank of Pakistan showed on Thursday. “Workers’ remittances remained above $2 billion for the fifth consecutive month in October 2020. Workers’ remittances amounted to $2.3 billion during October 2020, increasing by 14.1pc …

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