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Monthly Archives: July 2021

West Indies, Pakistan agree to four-match T20 series


July 26, 2021

BRIDGETOWN: West Indies and Pakistan have agreed to play a revised four-match Twenty20 International series, Cricket West Indies (CWI) announced on Sunday. The two boards — who had initially planned a five-match T20 series — were forced into the alteration to the scheduled tour dates after West Indies’ current ODI series against Australia was rocked by a positive Covid-19 test …

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‘I do,’ they say — but don’t send gifts


July 26, 2021

After a long engagement and pandemic-related scheduling roadblocks, Diann Maurer and Donovan Poe of Irving felt blessed when the time finally came to tie the knot. They didn’t, however, feel the need for another toaster or blender. Both in their upper 30s, the couple had accumulated all the traditional go-to wedding gifts — and in some cases had multiples — …

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Eid economy regains lost ground


July 26, 2021

Paying little heed to the government’s advice of restraint, as the potentially devastating fourth wave of Covid-19 threatens Pakistan, people celebrated Eidul Azha with traditional fervour as activity-starved youth were seen moving in groups visiting cattle mandis. The multi-billion rupees Eid market that shrunk to half in 2020 covered much of the lost ground this year. Spike in activity was …

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Banking transactions during Eidul Azha


July 26, 2021

Every year, hundreds of billions of rupees are withdrawn from bank accounts before Eidul Azha. But it is difficult to quantify the drawdown on deposits to finance the purchase of sacrificial animals. Life beyond the trading of sacrificial animals continues, necessitating banking transactions. Gross withdrawals from bank accounts a month before Eidul Azha, however, give a crude hint of spending …

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‘Political consensus’ urged for average gas pricing


July 26, 2021

ISLAMABAD: Amid system challenges, the Petroleum Division is seeking an average national basket price for natural gas — both local and imported — through a distant ‘political consensus’ even though it has fixed price commitments with various consumer groups. This comes at a time when the energy sector is facing serious gas and electricity shortages and both gas and power …

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Abu Dhabi slashes business registration costs by 90pc


July 26, 2021

Abu Dhabi will slash the cost of establishing new businesses by “more than 90 per cent” from Tuesday to increase the emirate’s — already a magnet for commerce — “competitiveness regionally and internationally”. In recent weeks, authorities have ramped up efforts to woo new business to Abu Dhabi, one of seven emirates that make up the United Arab Emirates. Corporate …

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Pakistani fintech Dastgyr raises $3.5 million in seed round


July 26, 2021

Dastgyr, a B2B marketplace based out of Karachi connecting suppliers to mom-and-pop retailers, has raised a $3.5 million seed round led by SOSV. This takes the total capital secured so far to $4m, including the angel round in July 2020. With fresh capital in the kitty, the startup wants to mark its entry into the fintech space by offering products to …

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