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Daily Archives: January 28, 2024

Australia collapse as Shamar Joseph inspires Windies to historic win in Brisbane


January 28, 2024

West Indies speedster Shamar Joseph bowled through pain to rip through a shellshocked Australia on Sunday and help deliver an extraordinary eight-run upset for his inexperienced side on day four of the second test in Brisbane. Forced to retire hurt from a toe-crushing Mitchell Starc yorker the previous evening, Joseph bounced back to claim six wickets in a session and …

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Australia near clean sweep after Hazlewood, Lyon restrict WI


January 28, 2024

BRISBANE: Impressive bowling by pacer Josh Hazlewood and off-spinner Nathan Lyon backed by a resolute Steve Smith guided Australia to a solid position at stumps on the third day of the second Test against the West Indies here at the Gabba on Saturday. The hosts reached 60-2 at stumps and need another 156 runs for victory to take a clean …

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Pakistan thrash NZ to cruise into Super Six round unscathed


January 28, 2024

EAST LONDON: A magnificent bowling show led by speedster Ubaid Shah followed by a rock-solid unbeaten stand between openers Shahzaib Khan and Shamyl Hussain steered Pakistan to a crushing ten-wicket victory over New Zealand in their ICC U-19 World Cup group match here at Buffalo Park on Saturday. With this fine victory, the Saad Baig-captained green-shirts ended their Group ‘D’ …

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PCB forms Board of Governors


January 28, 2024

LAHORE: The Pakistan Cricket Board (PCB) on Saturday announced the composition of its Board of Governors (BoGs) in accordance with Paragraph 10 of the 2014 PCB Constitution. Now the ten-member BoGs will elect PCB chairman for a three-year term within the next seven days. Mohsin Raza Naqvi, the current caretaker chief minister of Punjab, and Mustafa Ramday are included in …

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Stocks settle in green despite aggressive foreign selling


January 28, 2024

KARACHI: The ambiguity about the government’s plans to reduce the energy sector’s circular debt and industrial tariff to 9 cents per unit weighed down investor sentiments in the outgoing week. However, the benchmark index managed to settle in the green despite aggressive selling by foreign investors amid uncertainty about the interest rate decision in the upcoming monetary policy review on …

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Analysis: Govt’s $100bn export plan and IMF reality check


January 28, 2024

The International Monetary Fund (IMF) has cast doubts on Pakistan’s export goals by projecting figures that significantly lag behind the target set by the caretaker government’s five-year strategic plan. According to the IMF’s first review of the $3 billion Standby Arrangement, Pakistan’s export proceeds over the next five years are likely to be way less than the commerce ministry’s ambitious objective of …

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KCCI demands release of Rs28bn for Karachi industries


January 28, 2024

KARACHI: The city’s industrial sector is on the brink of a major crisis, the Karachi Chamber of Commerce and Industry’s (KCCI) president said on Saturday, highlighting that the government has long delayed the release of Rs28 billion pending on incremental consumption of Karachi-based industries. In a statement, Iftikhar Ahmed Sheikh elaborated that in addition to immediately releasing the already earmarked …

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Rupee likely to end fiscal year on stable note


January 28, 2024

KARACHI: The rupee’s depreciation is unlikely during the remaining period of the current fiscal year as inflation has left no space for its decline, experts said on Saturday. The exchange rate looks stable since the rupee is valued below Rs280 against the US dollar, though some analysts believe it might end up at Rs310 with the completion of current fiscal …

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EU hails ‘change’ as Apple opens App Store to competition


January 28, 2024

BRUSSELS: The European Union’s digital enforcer celebrated on Friday the “change” underway in the tech world after Apple yielded to a new EU law by announcing it would allow alternative app stores on the iPhone for the first time. The significant overhaul, which will take place in March when the European Union’s sweeping Digital Markets Act comes into force, will …

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