Messi plays 45 minutes in Barca friendly win as La Liga kicks off

MADRID: Lionel Messi started and played 45 minutes in Barcelona’s first pre-season friendly on Saturday as Ronald Koeman showed no hesitation in reintegrating the Argentinian. Barca beat third tier side Gimnastic Tarragona 3-1, with Ousmane Dembele opening the scoring on his first appearance since November. Antoine Griezmann and Philippe Coutinho, who was also returning after […]

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2 UAE players charged under ICC anti-corruption code

DUBAI: The International Cricket Council (ICC) on Sunday formally charged UAE’s duo of Amir Hayat and Ashfaq Ahmed with five counts of breaching cricket’s anti-corruption code. The two players have been absent from international duty since the end of last year. Pace bowler Amir had been omitted from selection without explanation for the UAE squad […]

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Distribution companies overbilling consumers to cover up losses: Nepra

ISLAMABAD: Concerned over the poor performance of the power sector, the regulator has blamed the distribution companies (Discos) for overbilling consumers to cover up their inefficiencies and high system losses as the government struggles to put in place an improvement roadmap. In its “State of Industry Report 2019” cleared by the federal cabinet last week, […]

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How to fix Pakistan’s economy

Prime Minister Imran Khan recently said that Pakistan’s economy was on the right track since country’s current account balance recorded a surplus $424 million in July 2020. Pakistan has gone through this boom and bust cycles many times before: an import-driven boom, balance of payments crisis, International Monetary Fund (IMF) bailout, stabilisation, a period of growth and […]

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Islamic banks demand better yield on sukuk

Pakistani banks have two addictions: consumer deposits and government debt. They use the former to buy the latter, making easy dough with a few clicks on the Bloomberg terminal every month. No wonder the Islamic banking industry has long demanded — even to the exclusion of everything else — that they be invited to the […]

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Chinese bought a stake in PSX. What next?

It was in the winter of 2016 that 40 per cent strategic shares in the Pakistan Stock Exchange (PSX) were sold to a Chinese consortium comprising three exchanges — China Financial Futures Exchange Company Ltd (lead bidder), Shanghai Stock Exchange and Shenzhen Stock Exchange — at Rs28 per share. They were sold a total of […]

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Lahore CCPO apologises for remarks blaming motorway gang-rape victim

Lahore Capital City Police Officer (CCPO) Umer Sheikh on Monday apologised to the motorway gang-rape victim for his earlier remarks implying that she shared responsibility for her rape.  Last week, two ‘robbers’ allegedly gang-raped a woman at gunpoint in front of her children in Lahore’s Gujjarpura area after she was stranded on the Lahore-Sialkot motorway. Following the incident, the […]

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Rapists should be publicly hanged or chemically castrated: PM Imran

Prime Minister Imran Khan says rapists should be handed down the most severe punishments to curb rising sexual violence in the country, such as either hanging them publicly or chemically castrating them.  The premier expressed the views during an interview with Moeed Pirzada on 92 News HD broadcast on Monday, in response to a question about the motorway gang-rape case that […]

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Punjab govt should apologise to nation for CCPO’s remarks: LHC

The Lahore High Court (LHC) said on Monday that the Punjab government should apologise to the nation for the misogynistic remarks made by Capital City Police Officer (CCPO) Umer Sheikh about the victim of the motorway gang-rape incident. Hearing a petition calling for the formation of a judicial inquiry commission to investigate the incident, LHC Chief […]

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FO summons Indian envoy over ‘mysterious’ deaths of 11 Pakistani Hindus in Jodhpur

Pakistan on Monday summoned the Indian chargé d’affaires to convey its serious concern over the deaths of 11 Pakistani Hindus, whose bodies were found in “mysterious” circumstances in a village field in India’s Rajasthan state last month. On August 9, the bodies of 11 people including children from a single family, who had migrated to India from […]

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