MANCHESTER: Both England and Pakistan have played a very entertaining brand of cricket in the first two games of their Twenty20 International series and much of the same can be expected in the decider at Old Trafford in Manchester on Tuesday. The hosts managed to a make a brilliant comeback in the second game at Headingley, winning by 45 runs, …

TOKYO: Tokyo’s Olympic Village was hit by a fourth coronavirus case on Monday and major sponsor Toyota said it would not run any Games-related TV ads as the event struggled for support just days before the opening ceremony, with two-thirds of Japanese doubting organisers can keep the Games safe according to a local media poll. A Czech beach volleyball player …

Manchester: Pakistan pacer Hasan Ali is avalaible for selection after he was declared fit by the medical panel ahead of the third T20I against England at Old Trafford. The 27-year-old Hasan ruled out of the first two games of the series as a ‘precautionary measure’ after suffering from a left leg strain he sustained during training at Trent Bridge. It …

NORTH SOUND (Antigua): An all-round performance from 19-year-old Fatima Sana helped Pakistan national women’s team record their second consecutive win as they defeated the hosts by 22 runs (DLS method) in the fifth and final One-day International at the Sir Vivian Richards Stadium here on Sunday. With the West Indies Women winning the first three matches, the Stafanie Taylor-led side …

KARACHI: The fiscal year 2020-21 ended with a large current account deficit (CAD) of $1.8 billion despite showing a surplus till the end of first 11 months (July-May) period of the year mainly driven by higher imports in the last month. The State Bank of Pakistan (SBP) data issued on Monday showed that the CAD in June reached $1.644bn, the …

KARACHI: The US dollar appreciated by one per cent against the local currency in a single session to close at Rs161.48 on Monday, with the nine-month high leaving the exchange rate unstable just ahead of the market closure for Eidul Azha. The sudden jump in dollar demand has caught the currency market by surprise. Currency dealers in the inter-bank market …

ISLAMABAD: Despite healthy remittances and higher exports, Pakistan borrowed about $14.3 billion to build foreign exchange reserves in recently concluded fiscal year (FY21), 34 per cent higher than a year earlier. The Ministry of Economic Affairs reported on Monday that the government received $14.283bn foreign loans during the fiscal year 2020-21, compared to $10.66bn in 2019-20, showing an increase of …

LAHORE: The Lahore High Court’s decision to admit a petition of the Sui Northern Gas Pipelines Limited (SNGPL) against its regulator, the Oil and Gas Regulatory Authority (Ogra), may have some financial implications on the non-export industry and the compressed natural gas (CNG) sector. However, there would be no impact on the domestic, commercial and five zero-rated export industries. “How …

ISLAMABAD: Pakistan’s exports of textile and clothing posted a 22.94 per cent growth in the outgoing financial year compared to the same period a year ago, data released by the Pakistan Bureau of Statistics showed on Monday. In absolute terms, the total exports of textile and clothing were $15.4 billion in 2020-21 against $12.526bn of the previous year. The growth …