ISLAMABAD: Former captain Ramiz Raja continues to bat for young guns, insisting that Pakistan will have to give them chance in limited-overs game to prepare a strong future outfit. The 57-year-old Ramiz has recently been involved in a public spat with the veteran duo of Mohammad Hafeez and Shoaib Malik when he urged them to […]
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TOKYO: Tokyo Olympic organisers and the International Olympic Committee said on Thursday they will cut some of the extras out of next year’s postponed games, an attempt to limit what is expected to be billions of dollars in added expenses. IOC member John Coates, who heads the inspection team for Tokyo, said in a teleconference […]
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KARACHI: The Pakistan Cricket Board (PCB) in their endeavour to close the bridge between international and domestic cricket is in the midst of revamping the Lahore-based National Cricket Academy (NCA) by renaming the facility as the National High Performance Centre (NHPC). Wasim Khan, the chief executive officer of PCB, while sharing details of the new […]
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NEW DELHI: The world’s richest cricket tournament, the Indian Premier League (IPL), has been indefinitely suspended because of the coronavirus pandemic, officials confirmed on Thursday. The Board of Control for Cricket in India (BCCI) said the Twenty20 competition, already pushed back from its original start date of March 29, “will only commence when it is […]
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KARACHI: A top official of the Pakistan Cricket Board (PCB) on Thursday expressed optimism that the T20 World Cup and Asia Cup will take place as planned, while also saying that the situation about Pakistan’s tour of England was being monitored in the wake of Covid-19 pandemic. “As per everywhere else in the world, sport […]
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KARACHI: Industry leaders were taken by surprise when the State Bank of Pakistan (SBP) announced a sharp cut of two percentage points in the key policy rate after an emergency meeting of the Monetary Policy Committee (MPC) on Thursday. The rate cut has turned the clock back to the fall of 2018, when the newly […]
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ISLAMABAD: In a major support to shore up the declining reserves following the outflow of hot money, the International Monetary Fund (IMF) on Thursday night approved the disbursement of $1.386 billion to Pakistan under the Rapid Financing Instrument (RFI) to address the economic impact of the Covid-19 shock. “The Executive Board of the IMF approved […]
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ISLAMABAD: Pakistan on Thursday welcomed the G-20 move to suspend debt servicing for 76 developing countries, saying it would have substantial impact on economies reeling from the Covid-19 pandemic. “The prime minister appreciated debt relief measures by G-20 countries, IMF (International Monetary Fund) and World Bank for developing countries, including Pakistan,” the PM Office said […]
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Trading was halted at the Pakistan Stock Exchange (PSX) on Friday after the benchmark KSE-100 index soared almost 1,500 points — a rise of 5 per cent — a day after the State Bank of Pakistan (SBP) slashed the country’s policy rate by 200 points in a surprise move. The market opened at 10:15am, with […]
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The rupee made a significant recovery on Friday as the dollar fell by Rs3.3 to close at Rs163.58 in the interbank market. In percentage terms, this represented a 1.9 per cent decline in the greenback compared to today’s opening rate of Rs166.88. The currency market witnessed quite a bit of volatility as the dollar hit […]
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