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Daily Archives: March 17, 2021

Masks, distancing must for roadside fans during torch relay


March 17, 2021

TOKYO: The Tokyo Olympic organisers on Tuesday called on roadside spectators at the torch relay to wear mandatory masks and practise social distancing to help prevent the spread of the coronavirus. They also said torch relay staff must test negative for the coronavirus before being sent from Tokyo. The 121-day torch relay is set to begin on March 25 at …

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PCB to bear Tauseef’s medical expenses


March 17, 2021

LAHORE: The PCB will bear full medical expenses for the treatment of former Test off-spinner Tauseef Ahmed who recently suffered a heart attack in Lahore. Tauseef, who is also a former member of the national selection committee, suffered a heart attack during a wedding ceremony in Lahore on Sunday. A PCB spokesman said that Tauseef would stay at the National …

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Murray gets Miami Open wildcard


March 17, 2021

MIAMI: Three-time Grand Slam champion and former world number one Andy Murray is among five players handed a wildcard into the main draw of next week’s Miami Open, tournament officials said on Monday. Murray, who skipped this week’s Dubai Tennis Championships after becoming a father for the fourth time with wife Kim Sears, returns to the Miami Open field for …

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ICC bans UAE duo for corruption


March 17, 2021

DUBAI: Former United Arab Emirates (UAE) captain Mohammad Naveed and batsman Shaiman Anwar Butt have been handed identical eight-year bans by a tribunal for breaching the International Cricket Council’s (ICC) anti-corruption code, the governing body said on Tuesday. The independent tribunal found both guilty in January of attempting to fix matches of the Twenty20 World Cup Qualifier 2019 in UAE …

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Banks told no more paper-based FX cases after June 30


March 17, 2021

KARACHI: The State Bank of Pakistan (SBP) on Tuesday directed all banks to discontinue paper-based submission of foreign exchange related cases latest by June 30. “In view of SBP’s priority for end-to-end digitalisation of foreign exchange related case submission, banks have been advised to complete development of portals, on-boarding and educating their customers for the same,” said a circular. The …

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Buttler blitz trumps Kohli as England reclaim series lead


March 17, 2021

AHMEDABAD: Jos Buttler’s blistering 83 not out trumped Virat Kohli’s majestic half-century as England beat India by eight wickets in the third Twenty20 International to go 2-1 up in the five-match series in Ahmedabad on Tuesday. Kohli struck an unbeaten 77 off 46 balls to rescue India from a top-order collapse and help them to a competitive 156-6. England overwhelmed …

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Cellphone imports surge to $1.31bn


March 17, 2021

KARACHI: The country’s cellphone imports swelled by 51.5 per cent to $1.311 billion in 8MFY21 as compared to $865m in the same period last year, according to the data released by the Pakistan Bureau of Statistics on Tuesday. An official in a cellphone company said that the mobile phone market is now upbeat with burgeoning demand in the price range …

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Import bill of eatables up by 50pc amid farm sector woes


March 17, 2021

ISLAMABAD: The import bill of eatables ballooned by 50.29 per cent to $5.344 billion year-on-year during the first eight months of 2020-21 to bridge the shortfall in domestic production of agriculture produce. The higher-than-expected food import bill also triggered trade deficit which would cause some uneasiness on the external side for the government, data compiled by the Pakistan Bureau of …

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Foreign direct investment slides 20pc in February


March 17, 2021

ola Pakistan witnessed foreign direct investment (FDI) of $155 million during the month of February 2021, around 20 per cent lower in comparison to net inflows of $192.7 million received in January 2021. According to data compiled by the State Bank of Pakistan, FDI dropped 30pc year-on-year to $1.30 billion during the first eight months of the current fiscal year …

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KSE-100 up 593 points a day after postponement of PDM’s long march


March 17, 2021

The Pakistan Stock Exchange continued its rally on Wednesday with the KSE-100 index gaining 593.25 points as the postponement of the Pakistan Democratic Movement’s (PDM) long march helped drive investors’ sentiments. At the end of the day, the market settled in the green at 45,450.31 points (up 1.32 per cent). Analyst Ahsan Mehanti at Arif Habib Corp said the stocks had closed …

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