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Daily Archives: April 24, 2021

Iheanacho extends scoring run as Leicester strengthen hold on third


April 24, 2021

LEICESTER: Red-hot striker Kelechi Iheanacho scored an 11th goal in his last eight games in all competitions as Leicester City tightened their grip on a Champions League spot poured more misery on woeful West Bromwich Albion with an emphatic 3-0 Premier League win on Thursday. Brendan Rodgers’ men were wobbling after losing their previous two top-flight matches but produced a …

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South Africa cricket crisis deepens as minister derecognises CSA


April 24, 2021

CAPE TOWN: Sports minister Nathi Mthethwa has turned up the heat on Cricket South Africa’s (CSA) embattled Members Council after stripping them of the right to run the game, putting the country’s participation in future international tournaments in doubt. The all-powerful Mem­bers Council, which is made up of the presidents of the 14 provincial unions, has been holding out against …

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Pakistan lacks consistency, defeat to Zimbabwe shocking: Intikhab Alam


April 24, 2021

LAHORE: Former Test captain Intikhab Alam has expressed his surprise over the shocking 19-run defeat of Pakistan at the hands of a much weaker Zimbabwe in the second T20I in Harare and has urged the players to show consistency and the coaches to put together the best possible combination in view of upcoming T20 World Cup. Talking to Dawn after Pakistan’s humiliating defeat which …

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Financing for largest RLNG power plant arranged


April 24, 2021

ISLAMABAD: The government on Friday anno­unced the financial closing of a 1,263-megawatt power project of the Punjab government to be located near Trimmu Barrage, Jhang. This is so far the largest RLNG-based power generation project in Pakistan and is being developed under Power Generation Policy 2015. The financial closing ceremony was witnessed by Minister for Energy Hammad Azhar and Punjab …

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Reverse mergers trend returns to Pakistan


April 24, 2021

LAHORE: The recent acquisition of the three bankrupt publicly-listed textile companies by private investors with the confirmed intention of merging their unlisted businesses into them underlines the consolidation of the trend of ‘reverse mergers’ in the country’s stock market. The recent bourse filings by the companies show that majority stake in Ravi Textiles has been acquired jointly by the owners …

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Six petroleum exploration blocks awarded to state-run firms


April 24, 2021

ISLAMABAD: The government on Friday awarded six petroleum exploration blocks in Sindh, Balochistan and Punjab to state-run oil and gas exploration and development companies. The exploration licences (ELs) and petroleum concession agreements (PCAs) were signed by Petroleum Secretary Mian Asad Hayaud Din and Director General of Petroleum Concessions Abdul Jabbar Memon on behalf of the government and Managing Director of …

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World Bank support critical for fiscal consolidation, says Tarin


April 24, 2021

ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin said on Friday that continued support of the World Bank (WB) as a major development partner was critical to attaining fiscal consolidation, improved service delivery and good governance in Pakistan. The minister was talking to Country Director of the World Bank Group (WBG) Najy Benhassine who made a courtesy call on …

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Biden tells Erdogan he plans to recognise 1915 killings of Armenians as genocide


April 24, 2021

WASHINGTON: President Joe Biden told Turkish President Tayyip Erdogan on Friday that the United States intended to recognise the 1915 killings of Armenians during Ottoman rule as genocide, a potential further blow to the already frayed ties between the two Nato allies. The much-anticipated first phone call between the two leaders took place more than three months after Biden’s Jan …

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Current account shows $959m surplus for first nine months


April 24, 2021

KARACHI: The country posted a current account deficit of $47 million in March for the fourth month in a row, but the first nine months of FY21 remained in surplus territory, raising hopes the fiscal year would not end with an overall deficit. The data issued by the State Bank of Pakistan (SBP) on Friday showed a current account deficit …

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Beyonce’s cute never-before-seen footage made part of global campaign


April 24, 2021

American pop titan Beyonce has treated her fans with her very cute and never-before-seen footage. In the footage, she can be seen expressing her love for music while she was a young girl. The 39-year-old music icon has in fact provided the footage to the German brand Adidas for its new campaign titled “Impossible is Nothing.” The German brand released …

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