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Daily Archives: April 15, 2021

SDGs-related projects unveiled to attract FDI


April 15, 2021

ISLAMABAD: Pakistan has introduced eight selected projects covering sustainable development goals (SDGs), with high potential to attract foreign direct investment (FDI). The projects presented at the two-day virtual SDG Investment Fair 2021 which concluded on Wednesday, organised by the United Nations Department of Economic and Social Affairs. The projects were from varied sectors including infrastructure, hydro power, medical devices development …

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‘Majestic innings’: All-round praise for Babar, Rizwan after Pakistan cruise to victory against SA


April 15, 2021

Pakistan captain Babar Azam blasted a superb century to lead Pakistan to a win against South Africa by nine wickets in the third Twenty20 international at SuperSport Park in Centurion on Wednesday. Pakistan, who were chasing a sizeable target of 204 set by South Africa, finished at 205-1 with a full two overs in hand. Azam’s 122 runs partnered with Mohammad Rizwan’s …

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Virus surges fuel fears 100 days before Tokyo Olympics


April 15, 2021

TOKYO: A second section of the Tokyo Olympics torch relay was pulled from public roads over spiking coronavirus cases on Wednesday, fueling fears about whether the postponed Games should go ahead with just 100 days until the opening ceremony.Even as Tokyo unveiled installations featuring the Olympic rings and mascots to celebrate the 100-day milestone, organisers face monumental challenges as virus …

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Streak gets eight-year ban for corruption


April 15, 2021

CAPE TOWN: Former Zimbabwe captain Heath Streak was banned for eight years on Wednesday for breaching cricket’s anti-corruption code while he was coach of his country’s national team and an assistant coach in the Indian Premier League and other domestic competitions. The ban relates to Streak’s communication for more than a year with an Indian man who sought inside information …

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Was PCB’s $200m rights deal with PTV mere bluff?


April 15, 2021

LAHORE: It was in September 2020 when the Pakistan Cricket Board (PCB) had signed a ‘record’ tripartite three-year TV rights deal with the Pakistan Television and I-media — a cable distribution company — at the Prime Minister House in the presence of PM Imran Khan. Ehsan Mani, the incumbent PCB chairman, and CEO Wasim Khan hailed the deal as a …

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PPP sees disastrous consequences of new IMF deal


April 15, 2021

ISLAMABAD: Parliamentary Leader of the Pakistan Peoples Party (PPP) in the Senate Sherry Rehman has said that the country’s economy is witnessing an unprecedented damage under the government’s “controversial and non-transparent” agreement with the International Monetary Fund (IMF), which has wreaked havoc on the Pakistani street by unleashing a slew tsunami of unbearable hike in prices of utility and food …

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Govt moving towards PSM revival: minister


April 15, 2021

ISLAMABAD: Minister for Privatisation Muhammadmian Soomro on Wednesday said the government was moving towards revival of Pakistan Steel Mills (PSM) in a transparent manner. He was speaking at the weekly ministerial meeting chaired by Minister for Finance, Industries and Production Hammad Azhar. It was unanimously agreed that the work for the revival of PSM and resolution of related issues should …

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Pakistan set to achieve fiscal sustainability: IMF


April 15, 2021

ISLAMABAD: Pakistan is all set to achieve some major goals including fiscal sustainability under the Extended Fund Facility (EFF), International Monetary Fund (IMF) Country Representative Teresa Daban Sanchez said on Wednesday. Speaking at a webinar at the Sustainable Development Policy Institute (SDPI), Ms Sanchez said it is being achieved through the strategy by removing exemptions and privileges, enhancing social and …

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ECC exempts three Punjab power plants from LNG purchase


April 15, 2021

• SNGPL, Petroleum Division oppose the move • Customs duty on cotton yarn imports withdrawn • Kapco removed from privatisation list ISLAMABAD: The Economic Coordina­tion Committee (ECC) of the Cabinet on Wednesday exempted three Punjab-based power plants of 3,900 megawatts from compulsory purchases of liquefied natural gas (LNG) quantities from January 2022, removed a major power plant from privatisation list …

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