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Monthly Archives: October 2020

Salim Malik seeks NOC after claiming job offer from abroad


October 28, 2020

LAHORE: Former national side captain Salim Malik has claimed that the decision of independent adjudicator of the Pakistan Cricket Board (PCB) in the ICC’s transcript case has gone in his favour and that he’ll now approach the board to grant him a ‘No Objection Certificate’ after claiming he had received a job offer from abroad. “I will request the PCB …

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Tokyo organisers weigh virus control centre for Olympics


October 28, 2020

TOKYO: The Tokyo 2020 organisers and Japanese officials said on Tuesday they may set up an infectious disease control centre at next year’s Covid-19 pandemic-postponed Olympic Games, as they debate how to hold the event safely. The tentatively named Organising Committee Infectious Disease Control Centre would coordinate the mammoth task of testing and tracing infections and organising isolation and treatment …

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Gavaskar intrigued by extent of Rohit’s injury


October 28, 2020

NEW DELHI: The extent of Rohit Sharma’s hamstring injury has intrigued batting great Sunil Gavaskar after the opener was seen practising on Monday, hours after his omission from India’s tour of Australia on fitness grounds. Mumbai Indians captain Rohit missed his team’s last two matches in the Indian Premier League (IPL) currently underway in the United Arab Emirates with the …

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Zahid stars as Southern Punjab thump Northern inside three days


October 28, 2020

KARACHI: Zahid Mahmood reminded the national selectors of his capability as a match-winner by spinning Southern Punjab to an emphatic innings and 96-run drubbing of Norther, the runners-up of last season’s Quaid-e-Azam Trophy, here on Tuesday. The scheduled four-day fixture at the NBP Sports Complex concluded at 2:49pm — 11 minutes prior to the tea interval — on the third …

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Fakhar vows to give 100 per cent against Zimbabwe


October 28, 2020

RAWALPINDI: Insisting that he has been working hard to bring consistency in his batting, Pakistan opener Fakhar Zaman on Tuesday said he would try his best to do well in the forthcoming ODI and Twenty20 series at home against Zimbabwe. “The whole world had been locked down due to the way circumstances were because of the Covid-19 pandemic, so it …

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Wapda assigned B3 CFR by Moody’s


October 28, 2020

ISLAMABAD: Moody’s Investors Service on Tuesday assigned a first-time corporate family rating (CFR) of B3 to Water and Power Development Authority (Wapda) and a stable outlook. Wapda’s B3 CFR is primarily driven by its baseline credit assessment (BCA) of B3, and expectation of a very high likelihood of support from, and a very high level of dependence on, the Government …

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Webinar highlights investment opportunities in Balochistan


October 28, 2020

QUETTA: Chinese investors were told about huge investment opportunities in Pakistan, particularly Balochis­tan, at a webinar organised by the Con­sulate General of Pakistan in Shanghai on Tuesday. The webinar on trade and investment opportunities in the country was hosted by Pakistani Consul General in Shanghai Hussain Haider and attended by CEO of Balochistan Board of Investment and Trade Farman Zarkoon, …

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SBP initiates mechanism for disinvestment proceeds


October 28, 2020

KARACHI: The State Bank of Pakistan (SBP) on Tuesday introduced a new mechanism to enable companies in Pakistan to conveniently remit out disinvestment proceeds to their foreign shareholders aiming to increase investor confidence. The SBP in a press release said the goal of this initiative is to make Pakistan a more attractive place for investment by increasing investors’ confidence and …

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Power Division objects to publication of inconclusive audit reports


October 28, 2020

ISLAMABAD: As the Auditor General of Pakistan (AGP) claimed to have made Rs177 billion recoveries in first quarter of the current fiscal year, the Power Division on Tuesday called into question the publication of audit reports before conclusive decision by the Public Accounts Committee (PAC). “The AGP made recoveries of Rs176.9bn during first quarter (July-September) of 2020-21”, said an official statement. The …

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Stocks plummet 468 points on foreign selling


October 28, 2020

KARACHI: Stocks tumbled on Tuesday with the KSE-100 index taking a plunge of 468.64 points (1.12 per cent) to close at 41,381.83. The index ceded over 80pc of the splendid gains made a day earlier. With the momentum generated from the Monday’s closing near the day’s high, the index opened in the positive but only managed to gain 72 points …

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