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Yearly Archives: 2020

Central Punjab rout SP to set up final against Khyber Pakhtunkhwa


December 30, 2020

KARACHI: After sealing a comprehensive 10-wicket rout of Southern Punjab on Tuesday, Central Punjab have afforded themselves a golden opportunity to defend their Quaid-e-Azam Trophy First XI crown when they take on Khyber Pakhtunkhwa in the five-day final here at the National Stadium. Central Punjab, who were rooted at the base of the six-team standings during the first five-match phase …

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Afridi wants to set up cricket academy in Azad Kashmir


December 30, 2020

ISLAMABAD: Former Pakistan skipper Shahid Afridi wants to set up a cricket academy in Azad Kashmir to bring the Kashmiri children to the game of cricket. Addressing a Memorandum of Understanding (MoU) signing ceremony between the Kashmir Premier League (KPL) and Shahid Afridi Foundation here at a local hotel on Tuesday, Afridi said he has been a part of many …

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PAK vs NZ: Twitterati laugh off Green Shirts’ defeat with some hilarious memes


December 30, 2020

As New Zealand captured yet another win in what was a nail-biting dramatic innings against Pakistan at Mount Maunganui earlier today, the green flags lost by a margin of 101 runs. Captain Mohammad Rizwan and batsman Fawad Alam maintained a partnership of 165 runs, before the former trudged back to the pavilion — the match’s only saving grace being Alam’s century. Batting …

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PSX loses 392 points on profit-selling


December 30, 2020

KARACHI: The stock market lost its bullish fervour on Tuesday where by the end of the day, the KSE-100 index had sunk by 392 points or 0.90 per cent to ­settle at 43,283. The KSE-100 index opened in the positive extending the earlier day’s gains. It rose to intra-day high by 238 points, but by mid-day the index succumbed to …

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Global stocks, oil lead risk rally on US stimulus


December 30, 2020

LONDON: Global shares rose for the fourth straight day on Tuesday and oil followed suit as hopes of fresh US stimulus teed up a strong end to the year for riskier assets and had the dollar eyeing two-and-a-half-year lows. The MSCI World Index was up 0.4 per cent at 1203 GMT, while US stock futures pointed to a similar move …

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Wind power accounts for more than half of UK’s electricity


December 30, 2020

LONDON: Wind power accounted for more than half of Britain’s daily generated electricity on Saturday in the wake of Storm Bella, according to energy giant Drax. The percentage of wind power in the country’s energy mix hit a record 50.67 per cent on Saturday, the company said over the weekend, beating the previous record of 50 per cent in August. …

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Supply chains choke as container shortage persists


December 30, 2020

KARACHI: As economies around the world emerge from the Covid lockdowns, a new challenge has tripped up supply chains everywhere. A dire shortage of shipping containers in some countries matched by an oversupply in others has created awkward bottlenecks all over the globe, with Pakistan hit particularly hard. “There is a material shortage of containers, and it will take us …

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FBR gets regular chairperson


December 30, 2020

ISLAMABAD: The Cabi­net on Tuesday appointed Muhammad Javed Ghani as a regular chairperson of the Federal Board of Revenue (FBR) after a gap of around five months. The position fell vacant in the first week of July when the then FBR chairperson Nausheen Amjad was transferred and posted as federal secretary. Since then, Ghani was given the additional charge of …

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Sindh gave distorted data of gas supply, production: Babar


December 30, 2020

ISLAMABAD: Special Assistant to the Prime Minister on Petroleum Nadeem Babar has said the Sindh government is trying to give political colour to a serious economic issue by presenting distorted and misleading figures about the production and supply of gas in the province. Addressing a news conference along with Minister for Information and Broadcasting Senator Shibli Faraz after the federal …

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