MUMBAI: India fast bowler Mohammed Shami has tested positive for Covid-19 and has been ruled out of the three Twenty20 Internationals at home against Australia, the country’s cricket board (BCCI) said on Sunday. After the three-match series, starting in Mohali on Tuesday, India will play another three games at home …
Read More »Touring England side not second-string, says Moeen
KARACHI: The absence of a few big names from the England squad touring Pakistan for the upcoming seven-match Twenty20 International series doesn’t make the visiting side a second-string one, its stand-in captain Moeen Ali has said. Moeen is set to lead England in the series with skipper Jos Buttler nursing …
Read More »Pakistan won’t default on debts despite floods, says Miftah
ISLAMABAD: Pakistan will “absolutely not” default on debt obligations despite catastrophic floods, the finance minister said on Sunday, signalling there would be no major deviation from reforms designed to stabilise a struggling economy. Floods have affected 33 million Pakistanis, inflicted billions of dollars in damage, and killed over 1,500 people — …
Read More »Oil prices climb on weak dollar, supply concerns
Oil prices climbed on Monday as a weaker dollar and supply concerns ahead of the European Union embargo on Russian oil in December offset fears of a global recession that could dampen fuel demand. Brent crude futures rose 60 cents, or 0.7 per cent, to $91.95 a barrel by 0330 GMT after …
Read More »PKR slides by 96 paise in interbank
The rupee, which has been falling against the dollar since Sept 2, lost another 96 paise during morning trade in the interbank market on Monday. At 12:20pm, the PKR had fallen to Rs237.8 per dollar — a depreciation of 0.4 per cent from Friday’s close of Rs236.84. Data shared by …
Read More »Sri Lanka retain Asia Cup winners for T20 World Cup
COLOMBO: Sri Lanka’s Dushmantha Chameera and Lahiru Kumara will travel to Australia for the T20 World Cup in a squad largely unchanged from the island nation’s surprise Asia Cup win, selectors said Friday. Matheesha Pathirana, who debuted last month at the Dubai competition, and Asitha Fernando were dropped from the …
Read More »‘Missing clarity’ might have caused Shaheen controversy, suggests Ramiz
KARACHI: The emergent nature of Pakistan pacer Shaheen Shah Afridi’s departure to England from Dubai during the Asia Cup may have caused “missing clarity” between the player and the country’s cricket board leading to the latest controversy surrounding both parties, Pakistan cricket chief Ramiz Raja suggested on Friday. Shaheen was …
Read More »Stocks extend losses on unending rupee woes
KARACHI: The stock market remained under pressure throughout the session on Friday amidst sideways trading because of the investors’ concerns about flood-related losses and their impact on the economic output. Arif Habib Ltd said the stock market opened in the positive zone but traded within a range afterwards. The continued …
Read More »Banks sending dollars out via credit cards
KARACHI: As the daily dollar rate rises, banks have bought twice as much US currency and are sending it abroad on credit cards while the government tries to stop the flow of US dollars out of the country. The dollar ended the day at Rs236.84, according to the State Bank …
Read More »Costly food, energy prices fuel weekly inflation
ISLAMABAD: The weekly inflation rate went down a little to 40.58 percent, mostly because of higher energy costs and the prices of basic cooking items. The Sensitive Price Index (SPI) showed a small drop in inflation from the previous week to the following week (WoW) that finished on September 15. …
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