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Daily Archives: September 24, 2021

Asif Ali underlines unfulfilled promise as Northern trounce Balochistan


September 24, 2021

KARACHI: Despite being something of an enigma at the international level, Asif Ali sent out a strong reminder he can be a real force with the willow and the finisher Pakistan had been desperately searching for. The 29-year-old batter, one of the stunning selections on the Twenty20 World Cup-bound Pakistan squad, produced a typical act of belligerence to enable former …

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Michael Atherton slams contrasting ECB positions on Pakistan tour and IPL


September 24, 2021

LONDON: Former captain Michael Atherton says it was strange that the England and Wales Cricket Board (ECB) called off the Pakistan tour citing players’ welfare but allowed them a three-month window to play the Indian Premier League (IPL) Twenty20 event. In a scathing assessment of ECB’s decision, Atherton said it was worse than India’s recent withdrawal from the Manchester Test. …

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Former English footballer Michael Owen signs 3-year deal to become PFL official ambassador


September 24, 2021

Former English football player Michael Owen has signed a three-year deal to become the official ambassador of the Pakistan Football League (PFL), according to a media release from Global Soccer Ventures (GSV). “Owen will take the reins of Pakistan football to help devise a strategic partnership programme by uniting the nation with the might of football in England. Owen will reveal the …

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Blinken sees unity on Taliban after talks with Pakistan, China


September 24, 2021

US Secretary of State Antony Blinken said on Thursday he believed the world was united on pressing the Taliban after speaking with Pakistan, China and Russia, key players with Afghanistan’s new rulers. Blinken on Thursday met on the sidelines of the UN General Assembly with his Pakistani counterpart and held talks with ministers of the four other veto-wielding Security Council members …

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ECC okays Rs156bn Kamyab Pakistan Programme


September 24, 2021

ISLAMABAD: Ahead of upcoming talks with the International Monetary Fund (IMF), the Economic Coordination Committee (ECC) of the cabinet on Thursday approved a reduced Kamyab Pakistan Programme (KPP). Presided over by Finance Minister Shaukat Tarin, the ECC meeting also approved payment of Rs131 billion to 11 independent power producers (IPPs). It also okayed Rs5bn as internal security duty allowance for …

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Pakistan Railways’ membership of international body may be suspended


September 24, 2021

LAHORE: The membership of Pakistan Railways (PR) of the Intergovernmental Organisation for International Carriage by Rail (OTIF) — under Convention concerning International Carriage by Rail (COTIF) — is likely to be suspended as the former has failed to pay its annual membership fee for two years. The membership is mandatory for launch of the intercontinental rail train business under COTIF, …

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SBP puts brakes on financing for imported vehicles


September 24, 2021

KARACHI: Ballooning trade and current account deficits have forced the State Bank of Pakistan (SBP) to slow down import growth with changes in prudential regulations and reduce the financing limit and period, particularly for imported vehicles. The central bank on Thursday revised prudential regulations for consumer financing. “This targeted step will help moderate demand growth in the economy, leading to …

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Pakistan, China agree not to alter tariff on power deals


September 24, 2021

ISLAMABAD: Pakistan and China on Thursday agreed to keep unchanged the tariff and tax policies relating to power sector contracts and arrest and prosecute the attackers of July 14 Dasu bus tragedy at the earliest. The decision was taken at a meeting of the Joint Coordination Committee (JCC) of China-Pakistan Economic Corridor (CPEC). However, it could not finalise arrangements for over $6 …

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Pakistan purchases 575,000 tonnes of wheat


September 24, 2021

HAMBURG: The state-run Trading Corporation of Pakistan (TCP) is believed to have bought some 575,000 tonnes of wheat in an international tender, European traders said on Thursday. The TCP was believed to have purchased all the wheat at $383.50 c&f after several trading houses agreed to match the lowest price offered in the tender on Monday, traders said. They said …

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