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Daily Archives: June 10, 2024

COMMENT: The neglect of batsmanship must end


June 10, 2024

PAKISTAN missed a golden opportunity to beat India with a timid batting display, which makes it almost impossible to qualify for the next round of this T20 World Cup. Pakistan fans will be dumbfounded at the inability of the country’s first-choice batsmen to chase 120 in New York. How? Just how? The match came down to 21 runs needed off 2 overs, …

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Pakistan coach Gary Kirsten defends New York pitch


June 10, 2024

Pakistan coach Gary Kirsten defended the playing surface at New York’s T20 Cricket World Cup venue on Sunday following his team’s defeat to India in a low-scoring contest. India were bowled out for 119, their lowest-ever score against Pakistan in a T20 game but won by six runs after their rivals fell just short. All five games at the Nassau County International Cricket …

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An attempt at change


June 10, 2024

The country seems to be on the threshold of a cultural change with social activists, educationists, economists, progressive stakeholders, and policymakers actively exploring options for a challenging, long-term transformational change. “Factors that appear highly significant within one set of circumstances may become relatively insignificant or absolute non-factors when the combination of variables is altered,” says a concerned citizen referring to …

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Pakistan’s budget will aim to set stage for IMF bailout: analysts


June 10, 2024

Pakistan’s coalition government is expected to lay out ambitious fiscal targets in the 2024/2025 (July-June) budget on Wednesday that will help strengthen its case for a new bailout deal with the International Monetary Fund (IMF), officials and analysts said. Pakistan is in talks with the IMF for a loan estimated to be anything between $6 billion to $8 billion to avert a …

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Budget 2024-25: NEC meets today amid calls for more uplift funding


June 10, 2024

ISLAMABAD: The newly constituted National Economic Council (NEC) is set to convene today (Monday) to review ongoing and future investments and set targets for the next fiscal year. The council aims to achieve a 3.6 per cent growth rate amid the planning division’s push to increase next year’s federal Public Sector Development Pro­gramme to Rs1.5 trillion, against the Rs1.22tr recommended by the Annual Plan …

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Oil industry protests Railways’ tender specs favouring imported diesel


June 10, 2024

ISLAMABAD: The oil industry is protesting the Pakistan Railways’ “strange tender specifications”, which practically bar the procurement of high-speed diesel (HSD) from local refineries and, instead, favour imported products at a substantial foreign exchange cost. Adil Khattak, chairman of the Oil Companies Advisory Council (OCAC) and CEO of Attock Refinery Ltd, has formally complained to the government over Pakistan Railways’ …

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Prince Rahim launches two solar power plants in Hunza


June 10, 2024

GILGIT: In order to help mitigate the difficulties created by the electricity shortage in the region, Prince Rahim Aga Khan launched two solar power plants in Hunza on Sunday. Prince Rahim, who is on a visit to Pakistan these days, launched the development of Duiker Solar Power Plant Phase II and Nasirabad Solar Power Plant, which have a combined capacity of 3.6 …

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French prisoner escapes after voting in EU elections


June 10, 2024

MARSEILLE: A prisoner escaped from detention in southern France after casting his ballot in European elections on Sunday, a prison source and prosecutors said. The prisoner, who was held in a jail in the southern city of Arles, “was on supervised leave” to exercise his right to vote, the source said. He was accompanied by a probation officer and a …

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Swiss voters back law to boost renewable energy output


June 10, 2024

ZURICH: Swiss voters backed legislation to promote renewable energy in a referendum on Sunday, while rejecting separate proposals intended to contain rising healthcare insurance costs. Seeking to enhance energy independence, the federal law passed in autumn 2023 comprises measures to boost the transport, storage and production of electricity, including facilitating the installation of solar panels on buildings. It also includes …

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International investors grab ‘majority’ of Aramco shares


June 10, 2024

RIYADH: Oil giant Saudi Aramco said on Sunday that international investors had snatched up the bulk of shares sold in its latest offering, which was set to raise $11.2 billion. The secondary offering was expected to provide a short-term boost to Saudi Arabia’s finances as the Gulf kingdom builds large-scale projects including resorts and stadiums, part of a reform drive …

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