Author: Hasnain Abid Khanzada

COLOMBO: Sri Lanka skipper Charith Asalanka took two successive wickets to force a tie in the opening One-day International after India’s total ended level with the hosts on Friday. Asalanka, an off-spinner, bowled the 48th over with India, chasing 231 for victory and needing five from 18 balls at Colombo’s R. Premadasa Stadium. Asalanka trapped a fighting Shivam Dube lbw for 25 as the ninth wicket and then dismissed Arshdeep Singh to bowl out India for 230 in response to the hosts’ 230-8. With no Super Over on offer, the match ended in a tie — the second such result…

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Within 46 seconds, Algerian boxer Imane Khelif defeated her Italian opponent Angela Carini during the Olympic Games. Khelif’s victory sparked huge controversy in Paris — this year’s host city — and online for the strangest of reasons. Khelif had been disqualified at the 2023 World Championships after failing International Boxing Association (IBA) eligibility rules that prevent athletes with male XY chromosomes from competing in women’s events. However, the International Olympic Committee (IOC) stripped the IBA of its recognition last year over governance and finance issues, with the Olympic body running the boxing competition in Paris, Reuters reported. The IOC said the IBA…

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PARIS: Taiwan’s double world champion Lin Yu-ting, one of two boxers at the heart of a gender row, won her featherweight round of 16 bout against Uzbekistan’s Sidora Turdibekova on points by unanimous decision at the Paris Olympics on Friday. The 28-year-old Taiwanese, along with Algerian boxer Imane Khelif who won her round of 16 welterweight fight on Thursday against Italy’s Angela Carini in 46 seconds, have been in the spotlight of the row after being cleared to compete in the Olympics. Both were disqualified at the 2023 World Championships after failing International Boxing Association eligibility rules that prevent athletes with male…

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The International Boxing Association (IBA) will award Italy’s Angela Carini, who lost her welterweight round-of-16 bout against Algerian Imane Khelif at the Paris Olympics in 46 seconds on Thursday, $50,000 in prize money, it said Friday. Carini pulled out in the first round after the Algerian, who is at the heart of a gender row, pummelled the Italian with a barrage of punches. The IBA, which was stripped of its international recognition by the International Olympic Committee (IOC) last year, said Carini would receive $50,000, her federation a further $25,000 and her coach an additional $25,000. “I do not understand why they killed women’s boxing,” IBA…

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Imane Khelif beat Hungary’s Luca Anna Hamori by unanimous decision in a welterweight quarter-final at the Paris Games on Saturday to ensure Algeria’s first Olympic boxing medal since 2000. The 25-year-old Khelif, who has been in the eye of a storm about eligibility, had a quick start against Hamori, letting fly with flurries of lightning-fast punches to win the first two rounds on every judge’s scorecard, despite the Hungarian landing a couple of strong shots. The Algerian was slightly less willing to engage in exchanges in the final round, which had more than its fair share of clinching and grappling, but she…

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KARACHI: Amid looming fear of a further hike in the price of cement after an increase in royalty rates on raw materials by the Punjab government, domestic sales shrank by 11.41 per cent to 2.463 million tonnes in July from 2.78m tonnes in the same month last year. The cost of construction has already risen following a 20pc jump in cement bag rates after the imposition of Rs100 per 50 kilogramme bag of Federal Excise Duty (FED) in the budget. Consumers would further bear the negative impact of high cement prices after the increase in royalty rates by the Punjab government on…

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ISLAMABAD: Oil and gas exploration and production companies have criticised the Petroleum Division for not implementing the Council of Common Interests (CCI) decision regarding amendments to Petroleum (Exploration and Production) Policy 2012 in letter and spirit. The CCI approved that Exploration and Production (E&P) companies could sell 35 per cent of their gas production to the private sector through competitive bidding. However, the Petroleum Division has yet to finalise the framework seven months after the CCI decision. The E&P companies have alleged that the new draft framework, proposed by the Petroleum Division in contrast to the CCI decision, would give…

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ISLAMABAD: With the adoption of modern digital technologies, the Federal Board of Revenue (FBR) has unearthed a massive Rs11 billion tax fraud involving bogus firms registered with the tax machinery. Two fake companies — Junaid Impex and Trade Zone — were identified as allegedly involved in the sale of duty-free coal to cement plants. Both companies have also opened accounts with local banks. Fake sales tax invoices are used to supply local coal to cement factories. Coal, which is also used in the electricity sector, is an important component of the cement industry. Pakistan’s cement sector requires an average of…

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KARACHI: While stressing an urgent need for a review of electricity prices and new taxes, trade and industry leaders have dismissed the government’s $60 billion export target in the next three years, describing it as nothing more than a slogan for public consumption. “We are not booking orders. The cost of production has gone beyond the imagination of the exporters, and even the government is not taking the gravity of the situation seriously,” lamented Amir Aziz, a manufacturer and exporter of textile finished products, adding that achieving the ambitious target is not a reality. Last month, Prime Minister Shehbaz Sharif tasked authorities…

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