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Daily Archives: May 27, 2021

PCB set to hold U-19 and Seniors’ trials from 29th


May 27, 2021

LAHORE: After the Punjab government gave permission for some specific sports including cricket to resume, the Pakistan Cricket Board (PCB) on Wednesday announced to hold the trials to select U-19 and seniors sides of all city associations belonging to the province from May 29 to June 10. It will be the first time that the PCB will hold the inter-city …

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Freak accident rules Foakes out of NZ Test series


May 27, 2021

LONDON: Sam Billings was called into the England squad for the two Test series with New Zealand on Wednesday after Ben Foakes was ruled out with a torn hamstring due to a freak accident. Foakes was due to play his first home Test — all eight previous Test appearances have been abroad — but he tore his left hamstring when …

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PSL contingent leaves for Abu Dhabi today after visa problems sorted out


May 27, 2021

LAHORE: While majority of players and officials of the Pakistan Super League-6 got their visas for Abu Dhabi, including all Indians and South Africans nationals, the scheduled chartered flights from Karachi and Lahore to Abu Dhabi were delayed for one day and will now leave for UAE on Thursday. According to an update on the issuance of the visas announced …

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PSL 2021: Fate of remaining matches in doldrums


May 27, 2021

KARACHI: The fate of the remaining matches of the Pakistan Super League (PSL 2021) in Abu Dhabi is in the doldrums as the organisers are in a fix due to operational and logistical issues. The PCB held an emergency meeting with the franchise owners earlier today and shared the developments after it. In a statement issued after the meeting, the …

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Japan daily sponsoring Olympics joins cancellation chorus


May 27, 2021

TOKYO: Japan’s Asahi Shimbun newspaper, an official Tokyo Olympics sponsor, called for the Games to be cancelled on Wednesday, in the latest sign of opposition less than two months before the opening ceremony. The call comes with public opinion in Japan firmly against holding the Games this summer, and after prominent business leaders voiced their concern in recent weeks. Organisers insist however …

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Urea sales jump 35pc in 4MCY21


May 27, 2021

KARACHI: The country’s urea offtake grew by 35 per cent to 1.707 million tonnes during the first four months of calendar 2021 from 1.266m tonnes in the same period last year. However, the DAP sales remained pegged at 360,000 tonnes versus 361,000 tonnes in 4MCY21. As per latest data of fertiliser offtake issued by National Fertiliser Develop­ment Company (NFDC), urea …

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Minister lauds strategy adopted for Reko Diq case


May 27, 2021

ISLAMABAD: Federal Minister for Law and Justice Barrister Farogh Naseem has said that the Pakistan Tehreek-i-Insaf (PTI) government had adopted an effective strategy to win the Reko Diq international arbitration, with the result that the country’s vital offshore assets have now been secured. However, the court order could be challenged as the petitioner Tethyan Copper Company (TCC) could file an …

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Startups allowed to raise financing from abroad


May 27, 2021

KARACHI: The State Bank of Pakistan (SBP) on Wednesday removed a major hurdle that has been hampering growth of the startup companies by allowing them to avail foreign loans as convertible debt. The central bank said that in order to facilitate the startup companies in raising financing from abroad, it has allowed them to avail loans as “convertible debt”. In …

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ECC okays Rs48bn for Ehsaas cash handouts


May 27, 2021

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved the launch of second phase of the Ehsaas Emergency Cash Programme (EECP) worth Rs48 billion, under which Rs12,000 would be provided to each of the four million additional beneficiaries. The meeting of the ECC virtually presided over by Minister for Finance and Revenue Shaukat Tarin also approved issuance …

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