LAHORE: Clarifying its position over the sale of the broadcasting rights for the next two editions of the Pakistan Super League, the Pakistan Cricket Board issued a press release on Tuesday saying that “the predefined process in the Bid Document was adhered to” at all times during the bidding procedure. The statement came after Transparency International Pakistan wrote a letter to the …

KARACHI: Holding the Queen’s Baton for next year’s Commonwealth Games at the Mausoleum of the Quaid-i-Azam on Tuesday, Sindh Chief Minister Murad Ali Shah thanked the organisers for bringing it to Karachi for the first time. “I would like to congratulate the people of this province, especially the citizens of Karachi, and we’re honoured to have this Baton amongst us,” …

David Warner has hinted he is keen for one last Ashes tour in 2023 to make amends for his failed campaign in England two years ago, drawing inspiration from veteran seamer Jimmy Anderson. The explosive Australian opener would be approaching 37 should he retain his place that long and in all likelihood would have joined the 100-Test club. He currently …

KARACHI: The stock market stayed volatile on Tuesday owing to the investors’ concerns about the rollover week as well as the upcoming mini-budget, whi­ch will end tax exemptions to the tune of Rs350 billion, according to Arif Habib Ltd. Investors showed incre­ased interest in energy explo­ration and production companies following an upswing in international oil prices, said Topline Securities. JS …

ISLAMABAD: Railways Minister Azam Khan Swati on Tuesday informed a Senate committee that Pakistan Railways (PR) has been suffering a loss of Rs2 billion annually due to electricity theft. He told a meeting of the Senate Standing Committee on Railways presided over by Mohammad Qasim at the Parliament House that electricity was being stolen in connivance with officials of the …

LAHORE: After most stay applications against the Sui Northern Gas Pipelines Ltd (SNGPL) on supply to the industry were withdrawn on Tuesday, the company decided to start supplying 75 million cubic feet per day (mmcfd) of gas to captive power-run textile export industry from Wednesday (today). However, an official source in the Ministry of Energy (Petroleum Division) said the SNGPL …

KARACHI: Pakistan Refinery Ltd (PRL) has decided to expand and upgrade its production capacity at an estimated cost of $1.2 billion, a securities filing said on Tuesday. Speaking to, PRL Managing Director Zahid Mir said the project will double the company’s installed refining capacity to 100,000 barrels per day in five years. “Daily petrol production will increase from 750 tonnes …

KARACHI: Sindh Chief Minister Syed Murad Ali Shah on Tuesday said Bangladesh’s exports had reached $40 billion while Pakistan’s were stuck at $25bn as our policies were not business friendly. “I am going to constitute a working group with industrialists so that their problems could be solved in consultation with them,” he said while speaking at a reception he had …

France has ordered the closure of a mosque in the north of the country because of what authorities told AFP on Tuesday was the radical nature of its imam’s preaching. The mosque in Beauvais, a town of 50,000 people some 100 kilometres north of Paris, will remain shut for six months, according to the prefecture of the Oise region where Beauvais is …

WASHINGTON: “Benazir Bhutto’s son would like to continue her legacy but how far he has the autonomy to do so” is not clear, says historian Dr Ayesha Jalal. Dr Jalal, a leading historian of Pakistan and South Asia, was the main speaker at a virtual seminar on the slain Pakistani prime minister where speakers argued that only an independent political …