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Asif Khanzada

India optimistic as virus threatens T20 World Cup double whammy


May 7, 2021

NEW DELHI: India’s cricket board is hoping it might be able to squeeze the remainder of its lucrative Indian Premier League (IPL) into a crowded calendar and is still confident of hosting the T20 World Cup later this year, a top official said on Thursday. Already looking at a $270 million revenue loss following the suspension of the IPL, the …

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IPC minister, PSB DG hold meeting with PFF NC chief


May 7, 2021

LAHORE: The Federal Minister for Inter-Provincial Coordination and the Pakistan Sports Board Director General held a virtual meeting with the chairman of the FIFA-appointed Pakistan Football Federation Normalisation Committee on Thursday, the latest in a series of meetings in an attempt to remove the suspension placed by the global football body on the country. “Both me and [IPC Minister] Dr …

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PCB await NCOC decision on holding remaining PSL-6 games


May 7, 2021

LAHORE: As the time is running short and the Pakistan Cricket Board (PCB) has not yet received a final decision from the National Command and Operation Centre (NCOC) regarding organising the remaining 20 matches of the HBL PSL 6 in Karachi or in the United Arab Emirates from June 1 to 17. Though a meeting between the PCB and NCOC …

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Pakistan seek another dominating show in final Zimbabwe Test


May 7, 2021

HARARE: Babar Azam will look to continue his unbeaten record as Pakistan Test captain when Zimbabwe and Pakistan clash in the second and final Test at the Harare Sports Club on Friday. Pakistan won the first Test at the same venue comprehensively beating Zimbabwe by an innings and 116 runs. Hasan Ali’s nine wickets coupled with Fawad Alam’s knock of …

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Babar vows no letting up as Pakistan strive for improvement


May 7, 2021

KARACHI: After last week’s lop-sided opening Test, during which Pakistan completed their first innings victory over Zimbabwe while needing less than three days of playing time, skipper Babar Azam said on Thursday that winning is a great habit and as captain he expects no loose ends. Addressing a virtual media conference from Harare on eve of the second Test, Babar …

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Nine-month fiscal deficit widens to 3.6pc


May 7, 2021

ISLAMABAD: The country’s fiscal deficit has increased to 3.6 per cent of gross domestic product (GDP) or Rs1.652 trillion during the first nine months (July-March) of the current fiscal year despite a drastic cut in development, almost static defence expenditure, healthy provincial cash surpluses and record petroleum levy collections. The consolidated data on fiscal operations for the first three quarters …

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PIBs rates cut again by up to 65bps


May 7, 2021

KARACHI: The most attractive long-term domestic papers — Pakistan Investment Bonds (PIBs) — witnessed another significant cut up to 65 basis points in the auction held on Thursday. The auction was held for fixed rate PIBs. The government, which has been raising maximum liquidity from banks, slashed cut-off yields on all PIBs for all tenors. The details issued by the …

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Sindh E&T collection soars 26pc in 10MFY21


May 7, 2021

KARACHI: Despite second and third waves of Covid-19, the collection of the Sindh Excise and Taxation Department rose Rs17 billion, or 26.36 per cent, to Rs81.5bn during the first 10 months of the current fiscal year compared to Rs64.5bn collected in the same period last year. Data released by the E&T department showed that in July-April FY21 the total collection …

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Chinese firm awarded $355m Tarbela project


May 7, 2021

ISLAMABAD: The Water and Power Development Authority (Wapda) on Thursday awarded a $354.6 million worth of contract to Power Construction Corporation of China Ltd (PCCCL) for civil works of the 1,530MW Tarbela 5th Extension Hydropower Project after completion of an international competitive bidding process. The contract was signed by Project Director Tarbela 5th Extension Project Muhammad Azam Joya and PCCCL …

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