Daily Archives: September 22, 2021

Hungary gets one-match fan ban, fined for racism


September 22, 2021

LONDON: Hungary were ordered by FIFA on Tuesday to play their next World Cup qualifier without spectators as punishment for the latest racial abuse by its supporters when England played in Budapest. The Hungarian federation was also fined 200,000 Swiss francs ($217,000), one of the largest financial penalties handed out to a country by the world governing body. In a …

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Roger Federer ‘feeling strong’ after knee surgery


September 22, 2021

BASEL: Swiss great Roger Federer said he has faced no setbacks and is recovering well after his latest knee operation. Federer, who pulled out of the US Open, said in August he would be sidelined for many months because he needed more knee surgery in order to resume playing. The 40-year-old had two procedures in 2020 which resulted in more …

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PCB chief’s challenge


September 22, 2021

RAMIZ Raja was distraught, frustrated and angry. And the Pakistan Cricket Board chairman made no attempt to hide his emotions in a video message after England called off their October tour to Pakistan on Monday night, three days after New Zealand had pulled out of their own commitment hours before the start of the ODI series in Rawalpindi. Unfortunately, even if he did not intend to …

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Pakistan cricket deserves, and must demand, respect


September 22, 2021

THE cricket boards of Australia, England, and India practice a particular kind of honour – and it is honour among thieves. Since the Big Three asserted their dominance, international cricket is a game for the elite nations and the rest are dispensable. Their rule is based on financial might, on shared economic interests, looting the game of its dignity and …

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Saudi group mulls ‘options’ for Samba Bank


September 22, 2021

KARACHI: The parent company of Samba Bank is looking for “strategic options” regarding its shareholding in the locally listed bank, a regulatory filing said on Tuesday. The language of the stock notice doesn’t clarify whether the parent company of the bank — which is the fourth smallest among all listed lenders in terms of the total value of shares — …

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Less rainfall may squeeze water for Rabi crops


September 22, 2021

LAHORE: The country received 17 per cent less rains during the July 1-Sept 20 period this year as compared with the rainfall for the same period last year, further aggravating the water availability for Rabi season crops. Sindh was the most affected province with 44pc shortfall, while Azad Kashmir received 24pc and Punjab 21pc less rains during the period under …

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Tarin asks stakeholders to identify e-payment system gaps


September 22, 2021

ISLAMABAD: Finance Minister Shaukat Tarin has asked all the stakeholders to identify gaps in current e-payment systems on the basis of international best practices to help formulate a roadmap for developing a robust system for quick local and cross-border transactions. The direction came from the minister during a meeting with stakeholders on the establishment of Pakistan International E-payment Gateway (IPG). …

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Distribution firms seek Rs2.07 hike in power tariff


September 22, 2021

ISLAMABAD: Despite healthy contribution from hydropower, the ex-Wapda distribution companies (Discos) have sought about Rs2.07 per unit increase in tariff for electricity consumers had consumed in August under monthly fuel cost adjustments (FCA) mainly due to expensive liquefied natural gas (LNG). The National Electric Power Regulatory Authority has accepted the petition for public hearing on September 30 to examine if …

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Stock market sheds 1,243 points in intraday trading before bouncing back


September 22, 2021

Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index shed 1,243 points in intraday trading on Wednesday before bouncing back later in the day and more than halving its losses. The benchmark index opened at 46,008.85 points and gained slightly within the opening minute of the session to reach day’s high of 46,031.89 points. The bourse then witness sharp selling and by …

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