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Monthly Archives: October 2020

Suga vows to do all it takes to organise Olympics next year


October 17, 2020

TOKYO: Japanese Prime Minister Yoshihide Suga vowed on Friday to do “whatever it takes” to organise the Tokyo Olympics next year by working closely with the International Olympics Committee and its Japan chapter. “I want to make sure I see the Olympics take place next year,” he said, speaking at a town hall at Kyodo News, Japan’s largest news agency. …

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ECB confirms invitation to tour Pakistan in early 2021


October 17, 2020

LONDON: England could tour Pakistan for the first time in over a decade after the ECB officials confirmed they had received an invitation to visit the Asian giants early in 2021 for a ‘short white-ball series’. Fifty-over world champions England have not played in Pakistan since 2005-06 when they played three Tests and five One-day Internationals. An attack by armed …

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One semi-final spot still up for grabs after SP’s sudden revival


October 17, 2020

KARACHI: As the National T20 Cup for the First XI teams headed towards business end with the culmination of the 30-match league round later on Friday night, the persistent race for remaining one last-four berth was up for grabs in a three-way tie. After the rather inconsequential game between holders Northern and Khyber Pakhtunkhwa at the Pindi Cricket Stadium, the …

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Senior players, officials breach bio-secure protocols at National T20 Cup


October 17, 2020

LAHORE: In a disturbing development on Friday, as many as 12 persons, including nine players and three officials of the ongoing National T20 Cup in Rawalpindi breached the bio-secure protocols in place for coronavirus pandemic, forcing the Pakistan Cricket Board (PCB) to warn them all that they will be expelled from the said event in case of another violation. “The …

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Digitalisation of forex regulatory approvals launched


October 17, 2020

KARACHI: State Bank of Pakistan Governor Dr Reza Baqir on Friday launched a Regulatory Approval System (RAS) for end-to-end digitalisation of foreign exchange-related case submission process. The objective of this initiative was to provide a fully digitalised platform to the business community and individuals in approaching banks for their foreign exchange related requests. The SBP governor believes the initiative will …

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Fast bowler Umar Gul announces retirement from all forms of cricket


October 17, 2020

Fast bowler Umar Gul has announced he will be retiring from all forms of cricket after a 20-year professional career as his side, Balochistan, failed to qualify for the National T20 Cup semifinals. In a statement late night on Friday, he said that he had made the decision with a “heavy heart and after a lot of thinking”. “I have …

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AGP blames finance ministry for irregularities worth Rs1.535tr


October 17, 2020

ISLAMABAD: Identifying over Rs1.535 trillion worth of irregularities and revenue losses in oil and gas sector during the first year of incumbent government, the Auditor General of Pakistan (AGP) on Friday blamed the Ministry of Finance for non-production of record for audit, high debt build up and distribution of unauthorised bonuses to its staff. In its report for the audit …

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FDI slumps 51pc in September


October 17, 2020

KARACHI: Foreign direct investment (FDI) into the country fell 50.7 per cent year-on-year in September to $189 million against $383.5m last year, data released by the State Bank of Pakistan (SBP) showed on Friday. On a cumulative basis, the FDI fell 24pc in the first quarter of the current fiscal year, compared to 40pc increase in the first two months …

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Large-scale manufacturing sputters amid recovery as lockdowns recede


October 17, 2020

ISLAMABAD: Large-scale manufacturing (LSM) posted a paltry growth of 1.19 per cent from August last year, showed data released by the Pakistan Bureau of Statistics on Friday, but fell by 6.78pc from July. The data shows manufacturing returning to pre-Covid levels, but the recovery is struggling. The big industry output grew by 3.66pc between July and August compared with the …

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‘Kurulus: Osman’ actor looks dapper in new picture


October 17, 2020

Turkish actor Burak Özçivit  on Friday shared his new picture for Instagram followers which also includes thousands of Pakistani fans. The actor looked handsome in the selfie which took while sitting behind the wheel of his car. Burak rose to international fame for his role in Turkish TV series “Kurulus: Osman” in which he plays the role of the founder …

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