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Daily Archives: September 25, 2021

Khurram Manzoor oversees Sindh’s victory over Southern Punjab in National T20 Cup


September 25, 2021

KARACHI: Khurram Manzoor may no longer be in the Pakistan frame but the seasoned batter proved his true worth when it mattered on Friday playing a pivotal role in helping Sindh upstage Southern Punjab by five wickets in the early National T20 Cup action in Rawalpindi on Friday. The 35-year-old’s outstanding 49-ball 84 was 25 runs more than the Twenty20 …

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Review of PSL financial model put on hold as Ramiz meets owners


September 25, 2021

LAHORE: No deliberations were held over the longstanding demand of Pakistan Super League (PSL)’s franchises to review the financial model of the franchise-based T20 competition when PCB chief Ramiz Raja had a brief preliminary meeting with the owners. Although detailed discussions have been scheduled for Monday, Friday’s meeting was physically attended by representatives from Multan Sultans and Lahore Qalandars, while …

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Paceman Mohammad Abbas perplexed at ‘weird’ England decision to cancel Pakistan tours


September 25, 2021

LIVERPOOL: A perplexed Mohammad Abbas said on Thursday that Pakistan felt ‘hurt’ by the ‘strange’ decision of English cricket chiefs to cancel tours for their men’s and women’s teams next month. Paceman Abbas added it was a poor reward for Pakistan’s decision to tour England last year at the height of the coronavirus pandemic in Britain. “Obviously when you give …

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England players had no role in Pakistan pullout decision, says players’ union


September 25, 2021

England cricketers had no role in the team’s decision to abandon their tour of Pakistan next month, the players’ union has said. New Zealand returned home from Pakistan after abruptly abandoning their tour minutes before the opening fixture in Rawalpindi, citing a security alert from their government. England followed suit this week, calling off their men’s and women’s teams tour of Pakistan, citing …

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Pakistan soon to become international trade, transit hub: Tarin


September 25, 2021

ISLAMABAD: Finance Min­is­ter Shaukat Tarin on Friday said the Pakistan Single Window (PSW) will not only reduce time, cost and complications while contributing significantly towards ease of doing business, it will also enable the country to unlock its potential in becoming a hub for regional as well as international trade and transit. Chairing the first meeting of the PSW’s Governing …

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Paris Club extends Pakistan’s debt payment deadline


September 25, 2021

PARIS: The Paris Club of creditor countries said on Friday it was giving Pakistan another extension to service its debt so that it can dedicate its resources to combating the Covid-19 pandemic. The country has until December to make the payment, the club said in a statement, without releasing a figure. Islamabad “is committed to devote the resources freed by …

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Kapco seeks renewal of power generation licence


September 25, 2021

KARACHI: The National Electric Power Regulatory Authority (Nepra) has provisionally allowed Kot Addu Power Company (Kapco) to keep producing and supplying electricity to the national grid until the regulator arrives at a final decision whether to renew the company’s power generation licence. In a regulatory filing with the national bourse on Friday, Kapco said its licence renewal application is being …

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Edible oil import bill may swell by 30pc this year


September 25, 2021

LAHORE: Pakistan’s edible oil import bill is likely to increase significantly in the financial year 2021-22 as compared to last year amid a fall in local production, hike in global prices and rise in local consumption, industry representatives say. “The edible oil import bill is set to go up by 30 per cent in the ongoing financial year due to …

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Guaranteed sum for depositors increased to Rs500,000


September 25, 2021

KARACHI: The State Bank of Pakistan (SBP) on Friday announced that the Deposit Protection Corporation (DPC) has increased the guaranteed amount for all eligible depositors of banks from Rs250,000 to Rs500,000. An amount up to Rs500,000 per depositor per bank has been determined by the Corporation to be the guaranteed amount. The guaranteed amount may also be referred to as …

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Ex-cop convicted of George Floyd’s murder files appeal


September 25, 2021

WASHINGTON: Former Minneapolis police officer Derek Chauvin has appealed his conviction for the murder of George Floyd, citing 14 complaints about his high-profile trial earlier this year in a case that roiled the United States and laid bare deep racial divisions. The killing of Floyd, a 46-year-old black man, in May 2020 went viral after being caught on camera and …

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