ISLAMABAD: A standout five-wicket performance by fast bowler Abbas Afridi and impressive half-centuries from Haseebullah and Usman Khan led Pakistan Shaheens to a commanding eight-wicket win over Bangladesh ‘A’ in the first one-day match at Islamabad Club on Monday. This victory puts the Shaheens ahead 1-0 in the three-match series, with the second game scheduled for Wednesday at the same venue. Opting to bowl first, Pakistan Shaheens dismissed Bangladesh ‘A’ for a modest 183 runs in 36 overs. Abbas Afridi was the standout performer, claiming 5 wickets for 38 runs in his 9-over spell. This marks his second five-wicket haul…
Author: Hasnain Abid Khanzada
Bangladesh cricket players have rallied around their teammate Shakib Al Hasan, who is currently embroiled in a legal case related to the recent civil unrest that led to the ousting of former Prime Minister Sheikh Hasina. Captain Najmul Hossain Shanto dedicated the team’s historic Test victory over Pakistan on Sunday to the victims of the protests that resulted in Hasina’s departure from power on August 5. In that match, Shakib, who took three crucial second-innings wickets, was seen as a symbol of resilience amidst the turmoil. Shakib, 37, lost his position as a lawmaker for Hasina’s Awami League party when…
“I used to walk an hour to work every day because I couldn’t afford any form of transportation,” shared Ashraf*, who now enjoys a luxurious lifestyle thanks to his investments in cryptocurrency. With a new Kia Sportage worth Rs9 million ($32,000), a three-story home, and a state-of-the-art solar system, Ashraf’s success story is a testament to the potential rewards of crypto investments. He began with Bitcoin when it was just $700 and a wallet of $1. Ashraf’s experience highlights a growing trend in Pakistan, where many are turning to cryptocurrencies as a means of wealth preservation amid a turbulent economy.…
KARACHI: The Karachi stock market ended Monday’s session in the red, despite briefly surpassing the 79,000 mark. The KSE 100 index, which saw a high of 79,160.40 intraday, ultimately closed down by 230.37 points or 0.29% at 78,571.06. Ahsan Mehanti from Arif Habib Corporation attributed the decline to market consolidation near the end of the earnings season and growing security concerns following a surge in terrorist attacks in Balochistan. He noted that while the energy sector saw positive performance due to strong financial results and rising global crude oil prices, uncertainty over IMF tax approvals, IPP dues restructuring, and power…
KARACHI: Karachi, Pakistan’s bustling port city, has been sweltering under intense heat since May, with its over 20 million residents facing extreme temperatures and high humidity. The impact has not been limited to humans; up to 15,000 cattle have perished due to the harsh conditions, according to Shakir Umar Gujjar, president of the Cattle and Dairy Farmers Association of Pakistan. Mubashir Abbas, who owns 170 cattle, suffered significant losses, including eight cows and five buffaloes, amounting to Rs5.5 million (USD 19,800) in late June. With three more animals showing high fever, Abbas plans to sell them at a loss, receiving…
ISLAMABAD: The Auditor General of Pakistan (AGP) has uncovered severe inefficiencies, malfeasance, and losses totaling Rs4.5 trillion in the country’s ailing power sector, pushing the nation towards financial collapse. The AGP’s audit report, the most extensive among federal government entities at 442 pages, highlights widespread issues including non-recoveries, over-payments, asset mismanagement, embezzlement, theft, fraud, and over-billing. The report reveals that the Central Power Purchasing Agency (CPPA), which acts as a financial agent for power companies, failed to report monthly on any distribution company’s (Disco) failure to recover bills. The audit found Rs2.53 trillion receivable from Discos, including K-Electric, due to…
KARACHI: Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has called on the State Bank of Pakistan (SBP) to promptly reduce its policy rate to 15% to help local exporters remain competitive in both regional and international markets by lowering the cost of capital. Sheikh also emphasized the need for the government to fulfill its commitment to rationalize electricity tariffs for the industry and renegotiate contracts with independent power producers (IPPs). In a statement released on Monday, Sheikh criticized the recent policy rate reductions, which included a modest 150 basis points cut on…
ISLAMABAD: Despite the Election Commission of Pakistan (ECP) having announced the schedule for local government elections in Islamabad on October 9, the federal government pushed through a controversial amendment to the Islamabad Local Government Act in the National Assembly on Monday, raising concerns about a potential delay in the elections. The bill, introduced by Law Minister Azam Nazir Tarar on behalf of the interior minister, was passed amidst strong opposition from PTI, with PTI Chairman Barrister Gohar Ali Khan urging that the legislation be halted, as the election schedule had already been set. Opposition members sought assurance from the law…
ISLAMABAD: The Pakistan Tehreek-i-Insaf (PTI) on Monday petitioned the Supreme Court to ensure the implementation of its July 12 judgement regarding reserved seats, urging the court to dismiss the Election Commission of Pakistan’s (ECP) request to revisit the decision. The petition, filed by senior counsel Uzair Karamat Bhandari on behalf of PTI’s Secretary General Omar Ayub Khan, argues that the ECP’s plea is merely an attempt to delay the enforcement of the court’s short order. On August 7, the ECP had requested the Supreme Court to revisit the July 12 judgement, contending that the court granted relief to PTI when…
ISLAMABAD: Amid widespread rumors of possible extensions for Chief Justice Qazi Faez Isa and Army Chief General Asim Munir, Leader of the Opposition in the National Assembly, Omar Ayub, on Monday called on the government to immediately announce the name of the next chief justice. Speaking in the house, Ayub emphasized the urgency of the situation and warned of strong opposition if any legislation were to be introduced to extend the terms. Chief Justice Isa is set to retire on October 25. In response, Law Minister Azam Nazeer Tarar reassured the assembly that the appointment of the Chief Justice of…
