Rizwan frustrates England with fine fifty in 2nd Test

Mohammad Rizwan frustrated England with a fine unbeaten fifty on the second day of the second Test at Southampton on Friday. Pakistan were 215-8 in their first innings when bad light — despite the Ageas Bowl floodlights being on full beam — forced an early tea. Wicketkeeper Rizwan was 53 not out, his second-highest score […]

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Rain delays second day of England-Pakistan 2nd Test

Rain delayed the scheduled 11:00 am local time start of the second day’s play in the second Test between England and Pakistan at Southampton on Friday. Although several England players warmed-up on the outfield playing ‘headers and volleys’ with a football, the pitch and square remained fully covered. And even though the floodlights were piercing […]

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Shoaib Malik to join Pakistan squad tomorrow

LAHORE: Experienced all-rounder Shoaib Malik will join the Pakistan squad in Southampton on Saturday to be available for the three-match Twenty20 International series against England starting on Aug 28. The T20 battle begins after the ongoing three-Test series between the two countries in England ends on Aug 25. The 38-year-old Shoaib was to travel to […]

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Azhar falls cheaply again as Anderson strikes in second Test

SOUTHAMPTON: Pakistan’s luck ran out as captain Azhar Ali was dismissed after lunch before rain stopped play on the first day of the second Test against England in Southampton on Thursday. Azhar, who was nearly out for seven, fell for 20 when he edged paceman James Anderson and second slip Rory Burns, who had already […]

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Govt, power producers agree to reduce project returns, share savings

ISLAMABAD: In a crucial development, a government team and two groups of independent power producers (IPPs) and wind power projects (WPPs) reportedly reached an understanding on reduction in the rate of return on equity and late payment surcharge (LPS) and sharing of savings on account of plant efficiencies on Thursday. A senior government official told […]

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Construction amnesty scheme attracts 40 enrollments

ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday said that around 40 projects have been registered under the amnesty scheme for construction sector. In addition, around 4,812 projects are being drafted for registration with the IRIS System. An official announcement said that the FBR has received an impressive response from builders, developers and taxpayers […]

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SBP unveils mechanism to pay for global digital services

KARACHI: The State Bank of Pakistan has introduced a new mechanism for making payments to globally recognised digital service providers to help businesses, including those in information technology and financial sectors. The new mechanism would enable companies in Pakistan to make instant payments for acquiring services from globally recognised digital service provider companies without any […]

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Pakistan opens Chaman border for trade

QUETTA: Amid tight security, Pakistan has opened its border with Afghanistan at Chaman for resuming Afghan transit trade and other business activities after a high-level meeting held in the border town recently took a decision to this effect. Official sources said that 317 trucks loaded with dried fruit and other goods crossed into Pakistan from […]

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Stocks shed 180 points on GIDC decision

KARACHI: Stocks tumbled on Thursday as a sequel to announcement of rese­rved judgement by the Supreme Court which declared that the Gas Infrastructure Develo­pment Cess (GIDC) was required to be paid by corporates in the state’s exchequer. The index spiralled downwards to intraday low by 575 points but managed to recover greatly as it was […]

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JUI-F chief slams govt for hastily approving FATF-related bills

ISLAMABAD: Jamiat Ulema-i-Islam-Fazl (JUI-F) chief Maulana Fazlur Rehman on Thursday condemned the government for hastily getting the FATF-related bills passed through the parliament and said it was due to weak governance and failed foreign policy that the government could not withstand the pressure of the FATF. Speaking to media after a two-day meeting of JUI-F lawmakers and […]

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