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Asif Khanzada

Indore pitch rated poor by ICC


March 4, 2023

DUBAI: The Indore pitch used for the third Test between India and Australia has been marked as “poor” and handed three demerit points, the International Cricket Council (ICC) announced on Friday. The match, which was dominated from the start by spin bowling, ended midway through the opening session on day three with Australia winning by nine wickets. “The pitch, which …

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Vaughan denies racist comment


March 4, 2023

LONDON: Former England cricket captain Michael Vaughan told a hearing into accusations of racism at Yorkshire on Friday it was “inconceivable” that he would make the comment attributed to him by former team-mate Azeem Rafiq. Vaughan and a number of other former players at the county cricket club face charges related to the use of racially discriminatory language. Rafiq alleged …

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Sultans look to end Qalandars’ unbeaten run in top-shelf clash today


March 4, 2023

LAHORE: Multan Sultans get the chance to avenge the loss at home when they meet top-of-the-table Lahore Qalan­dars in a potentially excitement-filled match of the HBL Pakistan Super League here at the Gadafi Stadium on Saturday. Hot favourites Qalandars — having 10 points with five wins in six games so far — will be looking to continue their cruise ahead …

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Providing Karachi 100MW is my crime, says Murad


March 4, 2023

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that after every two weeks, he has to appear before a National Accountability Board (NAB) court in Islamabad for the crime of providing 100MW of electricity from the Nooriabad Power Plant to Karachi. Speaking at the inauguration ceremony of the 18th ‘My Karachi — Oasis of Harmony’ at the Expo …

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Textile units not buying lint for liquidity crunch


March 4, 2023

LAHORE: White lint stock is piling up with the ginners as textile millers are wary of making the purchases because of what market players believe liquidity crunch and high markup rate besides other factors. Ginning units across the country are holding 449,315 bales on March 3, 379 per cent up against 93,833 bales on the same date last year, reveals …

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Construction slowdown saps cement demand


March 4, 2023

KARACHI: A construction slowdown amid uncertain economic conditions reduced the demand for cement by nine per cent in February and 13.4pc in 8MFY23. In February, total cement despatches stood at 4.040 million tonnes as against 4.348m tonnes, down by 7pc. Local sales were 3.590m tonnes compared to 3.943m tonnes in February 2022. However, exports increased by 11pc to 449,940 tonnes …

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Bike makers raise prices


March 4, 2023

prices by Rs5,000-25,000 due to rupee depreciation and costly raw materials. It is observed that assemblers act quickly in raising prices whenever the rupee loses its value against the dollar, however, they hesitate to reduce when the local currency appreciates. According to the announcement made by Atlas Honda Ltd (AHL), the new prices of Honda CD-70, CD-70 Dream, Pridor, CG125, …

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Pakistan receives $500m from China’s ICBC, Dar confirms


March 4, 2023

Industrial and Commercial Bank of China Ltd on Friday approved a rollover of a $1.3 billion loan for cash-strapped Pakistan, which will help shore up its depleting foreign exchange reserves, Finance Minister Ishaq Dar said. The facility will be disbursed in three instalments. The first one of $500 million has been received by the State Bank of Pakistan, Dar said …

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Iran, Jordan suspend beef imports from Brazil


March 4, 2023

SAO PAULO: The Brazilian agriculture ministry said on Thursday that Thailand, Iran and Jordan had temporarily suspended imports of beef from Brazil while authorities investigate a case of mad-cow disease in an animal from Para state, according to a statement. The ministry also confirmed that Russia had halted imports from Para state after the discovery of a mad cow disease …

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