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Daily Archives: August 27, 2020

Flustered Serena crashes out as Djokovic enters quarter-finals


August 27, 2020

NEW YORK: An out-of-gas Serena Williams crashed out of the Western & Southern Open on Tuesday, losing in three sets to 13th seeded Maria Sakkari at the Flushing Meadow in New York. The 23-time Grand Slam winner finished with a whimper at the end of the two-hour, 17-minute match as Sakkari clinched a 5-7, 7-6 (7-5), 6-1 victory with a …

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Finch admits Australia will miss English crowd banter


August 27, 2020

DERBY: Australia limited-overs captain Aaron Finch said on Wednsday he and his team-mates will miss the ‘banter’ of English crowds during the upcoming white-ball campaign but is adamant the absence of spectators will not mean a lack of intensity. Finch’s men have already arrived in England for three Twenty20 Internationals and three One-day Internationals against their arch-rivals from Sept 4 …

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CCP calls for end to wheat support price


August 27, 2020

ISLAMABAD: The Competition Commission of Pakis­tan has suggested to the government that the policy of fixing minimum wheat support price is adding distortions to the economy and creating circular debt in the food sector. A note tilted “Policy recommendations in the wheat sector” released by the CCP on Wednesday highlighted that the government can bring transparency in the official departments …

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Mutual funds lead 570-point rally on PSX


August 27, 2020

KARACHI: The raging bull again took the market by storm on Wednesday, tossing the KSE-100 index high into the air by 570 points (1.41 per cent) with closing seen at 40,862.59. Intraday, the index touched 602 points. The bullish rally extended momentum generated the previous day when the benchmark had gained 490 points and crossed 40,000 hurdle. Market capitalisation increased …

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Prime minister instructs PHF to make structural changes for uplift of hockey


August 27, 2020

LAHORE: Prime Minister Imran Khan, the patron of the Pakistan Hockey Federation (PHF), has instructed the management of the federation to make structural changes in its set-up, reduce the number of teams for national championship and establish centres of excellence in all four provinces. PHF secretary Asif Bajwa disclosed this to Dawn after he, along with the federation president retired Brig Khalid …

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Debt servicing soars to $11.8bn in FY20


August 27, 2020

KARACHI: The government paid $11.895 billion in external public debt servicing during 2019-20, data released by the State Bank of Pakistan (SBP) showed on Wednesday. The amount was 23 per cent higher than $9.645bn paid in 2018-19. The data showed that the government paid $9.543bn as principal for public debt and $2.352bn in interest during FY20. The rise in public …

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Covid recession ending: ministry


August 27, 2020

ISLAMABAD: The government expects a strong economic rebound during the current quarter on the basis of prospects of international environment and the prevailing economic, fiscal, monetary and exchange rate policies at home. In its monthly economic update and outlook, the economic advisory wing of the finance ministry said the economic recession, following the impact of the Covid-19 pandemic was coming …

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Govt refuses to cut gas prices


August 27, 2020

ISLAMABAD: Rejecting the Oil and Gas Regulatory Authority’s (Ogra) recommendation for 2-6 per cent reduction in the prices of natural gas, the government has decided to keep rates unchanged to partially offset losses of gas companies. A senior government official told Dawn that the regulator was conveyed that on completion of mandatory 40-day deadline prices will remain unchanged for the time being. …

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Princess Diana connected way more with Prince Harry than Prince William


August 27, 2020

Prince Harry and Meghan Markle’s dramatic exit from the royal family was very much inspired by Princess Diana. Darren McGrady, who was Diana’s personal chef, said that he believes Harry had much more in common with his late mother than what meets the eye. He added that both of them stood up for what is right, not because it is …

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Inside Angelina Jolie’s jaw-dropping LA mansion worth $25 million


August 27, 2020

Angelina Jolie is an epitome of a powerful, modern-age woman who lives life on her own terms. After divorce with Brad Pitt, the Tomb Raider starlet lives in a stunning mansion in Los Angeles, worth a whopping $25 million. Situated in the iconic Laughlin Park enclave in Los Feliz, LA, the beautiful estate gives gives off breathtaking views of the city and …

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