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Daily Archives: February 18, 2024

Shadab leads Islamabad United to huge win over Qalandars in PSL opener


February 18, 2024

LAHORE: Leading from the front, experienced all-rounder Shadab Khan steered Islamabad United to a resounding eight-wicket victory over defending champions Lahore Qalandars in the opening match of the HBL Pakistan Super League (PSL) at the Gaddafi Stadium on Saturday. Chasing a big total of 196 on a batting-friendly track under lights, United were home in the 19th over when Shadab …

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Industry slams caretakers for gas tariff hike, warns of economic fallout


February 18, 2024

KARACHI: Industrial bodies are up in arms over the government’s recent decision to increase gas tariffs, warning that this move could lead to the shutdown of numerous industrial units, a rise in unemployment, and a halt in exports unless the decision is reversed. In a concerted appeal, they have called on the government to retract the tariff increase for the …

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Surging food exports hit local consumers


February 18, 2024

ISLAMABAD: The export of raw food products consecutively surging for the sixth month in the current fiscal year forcing local consumers to pay higher prices. The food export value more than doubled to $787.36 million in January, up 105.29 per cent from $383.54m in the same month last year, according to data compiled by the Pakistan Bureau of Statistics. The …

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Salah scores on Liverpool return as Arsenal rout Burnley


February 18, 2024

LONDON: Mohamed Salah returned with a goal as Premier League leaders Liverpool routed Brentford 4-1 despite a rash of injuries, while Arsenal demolished Burnley 5-0 to keep up the pressure in the title race on Saturday. Salah came off the bench to replace the injured Diogo Jota in his first Liverpool appearance since their win over Newcastle United on New …

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Sri Lanka eke out narrow four-run victory over Afghans


February 18, 2024

DAMBULLA: Rookie Sri Lankan fast bowler Matheesha Pathirana claimed four wickets to help rescue the hosts after their batting collapse and hand Afghanistan a narrow four-run defeat in Saturday’s T20 opener. Sri Lanka were all out for 160 with six balls remaining and Afghan opener Ibrahim Zadran led the reply, batting through the innings with 67 not out. But his …

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PSX loses over 3,000 points in post-poll week


February 18, 2024

KARACHI: Growing doubts about the formation of a new coalition government amid raging protests against alleged manipulation of election results across the country kept the market sentiment depressed in the outgoing week. The equities received a massive battering on the first day of the trading week as nervous investors resorted to panic-selling amid an inordinate delay in announcing a clear-cut …

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Meat prices rise in Karachi ahead of Ramazan


February 18, 2024

KARACHI: Several retailers have started charging Rs100 per kg extra on beef and mutton ahead of Ramazan thus exposing the lack of any official price-checking mechanism. Those retailers who were selling veal (Bachia) meat with and without bones at Rs1,000 and Rs1,200 are demanding Rs1,100 and Rs1,300 per kg, respectively. A customer in North Nazimabad N Block said he had …

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FAO to implement $6.9m rice project in Sindh


February 18, 2024

ISLAMABAD: The Food and Agriculture Organisation (FAO) of the United Nations will implement a Sustainable and Regenerative Management of Rice Production in Pakistan, for which the Global Environment Facility (GEF) approved funding of $6.9 million last week. The project aims to enhance sustainable rice production landscapes in Sindh, one of Pakistan’s major rice-producing provinces. It will restore 15,000 hectares of …

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