DUBAI: The International Cricket Council (ICC) has worked in collaboration with partners to make the additional release of the T20 World Cup tickets and ensure as many fans as possible can be part of the ongoing event being hosted by West Indies and the United States. According to the ICC, this release includes general admission tickets to the highly anticipated India v Pakistan fixture in New York on Sunday which were previously exhausted. Other matches of the global event now have more categories available, including for fixtures at the Grand Prairie Stadium in Texas and Broward County Stadium in Florida where there…
Author: Hasnain Abid Khanzada
EAST MEADOW: New York officials are preparing for the “Super Bowl on steroids” as thousands descend upon Nassau County for the clash of arch-rivals India and Pakistan in the group stage of the T20 World Cup on Sunday. The two sides form one of the most intense rivalries in sport and the temporary, 34,000-seat stadium in East Meadow, New York, will be bursting at the seams, with millions more watching on TV. “India vs. Pakistan is like the Super Bowl on steroids. We had no idea how huge it was,” Nassau County Executive Bruce Blakeman said. “We want to put…
Finance Minister Muhammad Aurangzeb expressed hope for a key policy rate cut this year by the State Bank of Pakistan (SBP) in “line with inflation” on Wednesday. The comments come as a Reuters poll of market watchers found that the SBP is widely expected to cut its key interest rate next week by 100 basis points (bps) after holding it at a record 22pc for seven straight policy meetings. Speaking at the Pak-China Business Forum in Shenzhen, the finance minister highlighted that the country’s foreign exchange had been stable “both on the back of administrative measures” and structural changes. He also noted…
ISLAMABAD: Prime Minister Shehbaz Sharif arrived in Shenzhen on Tuesday as he kicked off a five-day visit to China. This is the premier’s first visit to China following the Feb 8 elections, and will likely see the inauguration of the second phase of the China-Pakistan Economic Corridor (CPEC) project and a number of agreements being signed between the two countries. In Shenzhen, which is a hub for innovation, technology and research-led companies, the prime minister met Meng Fanli, party secretary of the Shenzhen Municipal Committee, and Deputy Party Secretary of Guangdong Provincial Committee in Shenzhen, the PM Office media wing said in…
ISLAMABAD: The Federal Board of Revenue (FBR) has uncovered a network of tax fraudsters involved in issuing fake sales tax invoices, resulting in a loss of Rs21.69 billion to the national exchequer. The FBR’s Directorate of Intelligence and Investigation Karachi and Hyderabad filed FIRs against Rehman Enterprises for tax fraud of Rs10 billion and ZA Impex for Rs11.69 billion under the Sales Tax Act 1990. It was discovered that organised groups were involved in creating fake units/companies and issuing fraudulent sales tax invoices. Subsequently, the Financial Monitoring Unit (FMU) confirmed the scam by issuing detailed Financial Intelligence (FI) reports. The…
KARACHI: The Sindh Investment Department (SID) and Swiss Business Council (SBC) signed a memorandum of understanding (MoU) on Tuesday to promote trade and investment. SBC President Jason Avanceña and Sindh Enterprise Development Fund (SEDF) CEO Khizar Pervaiz signed the MoU. SID has been facilitating investments. The partnership with SBC aims to create connections crucial to tapping into trade and investment opportunities between Pakistan and Switzerland while encouraging cooperation in various fields. George Steiner, Ambassador of Switzerland to Pakistan, emphasised the importance of a collaborative approach in fostering a healthy business environment. “The significant presence of the Swiss business…
KARACHI: The State Bank’s monetary policy meeting, scheduled for June 10, has received more attention from the stakeholders, as the policy would be announced without getting input from budgetary measures and talks with the IMF for another loan. The government seems willing to provide relief to the common people and some measures in this context could be inflationary. Therefore, some experts said the State Bank would be again cautious despite room for a significant rate cut due to a large difference between the headline consumer inflation of 11.8 per cent and the existing policy rate of 22pc. In a survey conducted by Topline Securities,…
BEIJING: China’s Chang’e-6 probe has lifted off from the far side of the moon, starting its journey back towards Earth, China’s national space agency announced on Tuesday. The probe’s successful departure from the moon means China is closer to becoming the first country to return samples from the far side of the moon, which permanently faces away from Earth. The probe, which departed the moon at 7:38am local time successfully completed its sample collection from June 2-3. China National Space Administration (CNSA) said in a statement that Chang’e-6 “withstood the test of high temperature on the far side of the moon”. Compared with…
LONDON: Major London hospitals cancelled some operations on Tuesday after a cyber attack on a key service supplier had a “major impact”, particularly on blood transfusions, according to internal memos posted on social media. The attack on pathology partner Synnovis hit King’s College Hospital and Guy’s and St Thomas’ in the centre of the British capital. “I can confirm that our pathology partner Synnovis experienced a major IT incident earlier today, which is ongoing,” Ian Abbs, CEO of Guy’s and St Thomas NHS Foundation Trust, wrote in the memo. “This is having a major impact on the delivery of our services, with blood…
Indian Prime Minister Narendra Modi’s alliance was headed for a narrow majority as vote counting in the general election neared completion on Tuesday, with its tally well short of an expected landslide in a surprise setback for the populist leader. The alliance led by Modi’s Hindu-nationalist Bharatiya Janata Party (BJP) secured a parliamentary majority at the country’s general election, official results showed late in the night. With a few constituencies still left to declare, it had secured 272 seats, enough for a majority in the 543-seat parliament, results on the election commission website showed. The BJP itself had won 224 seats and was leading…
