LAHORE: Rana Abdul Waheed scored twice, including a 57th-minute leveller, to help Pakistan hold South Korea to a 3-3 draw in their round-robin match of the Asian Champions Trophy in Dhaka, Bangladesh on Saturday. Man-of-the-match Afraz’s 24th-minute goal cancelled out Kim Kyu-beom’s opener for South Korea 10 minutes earlier before Wahid put Pakistan in front in the 33rd. The Koreans, …

ADELAIDE: England were staring down the barrel of another sorry defeat on Saturday, dismissed for 236 then forced to watch as Australia batted again and stretched their lead in the day-night second Ashes Test in Adelaide. Joe Root and Dawid Malan had survived the opening session of day three unscathed, building a 128-run stand as they chased Australia’s imposing first-innings …

India opener KL Rahul has been named vice-captain for the three-match Test series against South Africa after Rohit Sharma was ruled out of the tour due to injury, the Board of Control for Cricket in India (BCCI) said on Saturday. The 29-year-old is returning to the Test side after missing the series win against New Zealand at home due to a muscle strain. “The …

LAHORE: The Sui Northern Gas Pipelines Limited (SNGPL) has asked the Oil & Gas Regulatory Authority (Ogra) to allow it to spend Rs46.525 billion for execution of several development schemes, including 300,000 new gas connections to domestic consumers during the ongoing fiscal year (FY22) ending on June 30, 2022. The SNGPL has also sought permission for executing two mega projects …

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has decided to strike off more than 3,000 non-performing companies from its books in a bid to streamline the working of registered companies. The SECP has served final notices to 2,094 companies registered in Peshawar, 462 in Quetta, 844 in Multan, 26 in Faisalabad and six in Gilgit. The names of …

ISLAMABAD: Pakistan’s non-textile exports grew 24.59 per cent year-on-year to $4.61 billion in the first five months of the current fiscal year owing to the partial revival of international orders and the government support schemes. Overall growth in the non-textile sector is mainly led by the value-added sectors. The non-textile sectors have yet to receive full orders to pre-Covid levels, …

KARACHI: In a surprising development, sales of low-priced motorcycles has been declining in recent months but that of locally assembled foreign bikes rising, despite soaring food inflation and utility bills. Prices of locally assembled Japanese and Chinese bikes have been raised multiple times this year, but it is the low-priced bikes that have taken a hit as sales of costly …

KARACHI: The Pakistan Mercantile Exchange (PMEX) is eager to introduce cash-settled contracts of cryptocurrencies to help local investors take exposure to the increasingly popular peer-to-peer global digital payment system. Speaking to Dawn in a recent interview, PMEX Managing Director Ejaz Ali Shah said the central monetary authority should revisit its 2018 decision against cryptocurrencies because they’re getting worldwide recognition as a medium of exchange. …

BARCELONA: Thousands of Catalans took to the streets of Barcelona on Saturday to protest against a court decision that mandates that 25pc of all school subjects be taught in Spanish, reducing the still predominant use of the local Catalan language in classrooms. Demonstrators say this would threaten their cherished educational system, which has helped bring Catalan back to common use …

SURIGAO CITY: More than 30 people were killed in the strongest typhoon to hit the Philippines this year, official figures showed on Saturday, with a charity reporting “alarming” destruction on islands that bore the brunt of the storm. Hundreds of thousands fled their homes and beachfront resorts as Typhoon Rai ravaged the southern and central regions of the archipelago, knocking out communications …