People scramble to flee from worst Pakistan flooding in decades

In Pakistan, 100,000 people have been evacuated after the river Sutlej burst its banks. it follows previous evacuations on another river in the eastern Punjab region in July. The latest floods have brought the river to its highest levels in 35 yearsSo…

In Pakistan, 100,000 people have been evacuated after the river Sutlej burst its banks. it follows previous evacuations on another river in the eastern Punjab region in July. The latest floods have brought the river to its highest levels in 35 years

Source: France24.com

Pakistan’s Top-Tier Domestic Cricketers to Earn Rs. 3 Lac Monthly Salary

As many as 360 cricketers representing 18 regional teams will be offered domestic cricket contracts 2023-24. The structure is divided into seven categories; 20 players will be in category A+, 30 in category A, 30 in category B, 30 in category C and 30…

As many as 360 cricketers representing 18 regional teams will be offered domestic cricket contracts 2023-24. The structure is divided into seven categories; 20 players will be in category A+, 30 in category A, 30 in category B, 30 in category C and 30 in category D, 50 in category E and 170 slotted in F.

The PCB will release the names of the contracted players in due course.

Earlier on 11 August, the PCB had announced the renewed domestic season that brings more competition and quality cricket with enhanced earning opportunities as eight regional sides and eight department teams will compete in separate first-class tournaments. This step will make sure that the regions and departments compete on a level playing field by utilizing the best available talent.

The domestic structure is framed by the PCB Cricket Technical Committee headed by former captains Misbah ul Haq and Mohammad Hafeez. The committee had several meetings with all stakeholders to bring them on board, including regional presidents and representatives of departments.

The upcoming men’s season will commence on 10 September with the Quaid-e-Azam Trophy pitting top regional teams against each other, following which, the top eight departments will feature in the President’s Trophy, starting December 15. Eighteen regional sides have been slotted with eight teams playing the premier first-class tournament Quaid-e-Azam Trophy while 10 regions will be playing the Hanif Mohammad Trophy, a non-first-class four-day tournament.

Twenty players, selected by the regions according to the predefined criteria, will be assigned categories as outlined below. Each category carries a hefty amount; A+ will get Rs. 300,000, A Rs. 200,000, B Rs. 185,000, C Rs. 170,000, D Rs. 150,000, E Rs. 100,000, F will pocket Rs. 50,000

As per the new financial model, a player featuring in the Quaid-e-Azam Trophy will now get a match fee of Rs. 80,000, players participating in the Hanif Mohammad Trophy will get Rs. 40,000 per game. Those playing the white-ball tournaments – the Pakistan Cup and the National T20 – will now earn Rs. 40,000 per game. The non-playing members of a first-class team will get Rs. 40,000 and earn Rs. 20,000 per match in white-ball cricket respectively.

Director Domestic Cricket Operations (A) Junaid Zia said, “The Pakistan Cricket Board’s responsibility extends beyond the field, and this step to provide substantial contracts reflects our dedication to the well-being of our cricketers”.

Criteria for “A+” Category:

A total of 11 players as recommended by the central contract committee.

Top four batters and top five bowlers (three fast bowlers and two spinners) of QeAT for the last three seasons (2022-23, 2021-22 and 2020-21).

Criteria for “A” Category:

Top four batters and four bowlers (two fast bowlers and two spinners) of Pakistan Cup for the last three seasons (2022-23, 2021-22 and 2020-21).

Top two batters and two bowlers (two fast bowlers and two spinners) of National T20 for the last three seasons (2022-23, 2021-22 and 2020-21).

Next, top two batters, top two bowlers (two fast bowlers and two spinners) and top all-rounder of QeAT for the last three seasons (2022-23, 2021-22 and 2020-21).

Test players who are part of current regional squads.

Criteria of “B” Category:

International players who are part of the current regional squads.

Next, top three batters in terms of runs, top two fast bowlers in terms of wickets, top two spinners in terms of wickets and top two all-rounders of QeAT Season 2022-23.

Next, top five batters in terms of runs, top three fast bowlers in terms of wickets, top two spinners in terms of wickets and top two all-rounders of Pakistan Cup Season 2022-23.

Next, top five batters in terms of runs, top three fast bowlers in terms of wickets, top two spinners in terms of wickets and top two all-rounders of National T2o Season 2022-23.

Criteria of “C” Category:

Players who have played 5o or more first-class matches.

Players who have represented Pakistan Shaheens/Emerging since 2022 (in international events).

Players who have been a part of Pakistan squad within last one year.

Next, top two wicket-keepers of each QeAT, Pakistan Cup and National T20 for the season 2022-23.

Next, top three batters in terms of runs, top two fast bowlers in terms of wickets, top two spinners in terms of wickets and top two all-rounders of QeAT Season 2022-23.

Next, top three batters in terms of runs, top two fast bowlers in terms of wickets, top two spinners in terms of wickets and top two all-rounders of Pakistan Cup Season 2022-23.

Criteria of “D” Category

Next, top three batters in terms of runs, top two fast bowlers in terms of wickets, top two spinners in terms of wickets and top two all-rounders of National T20 Season 2022-23.

Top five batters in terms of runs, top two fast bowlers in terms of wickets, top two spinners in terms of wickets, top two all-rounders and top two wicket-keepers, each, (in terms of wickets and runs) of Second XI Championship, Challenge and T20 for the Season 2022-23.

Players who have represented Pakistan U-19 in the last 2 years.

Criteria of “E” Category

Players who have represented Pakistan Shaheens in the past.

Players who have represented Pakistan emerging team in the last 2 years.

Players who have represented Pakistan U19 in the past.

Has played 20 or more first-class matches.

Criteria of “F” Category

Remaining players.

Note:

If a player, who falls in more than one criterion or already has a PCB contract, then the same contract will be trickled down to the next player.

The above contracts are in descending order, if there are more players in one category then the remaining players will be trickled down to the next category, similarly, if there are fewer players in a certain category then the players in the next immediate category will be upgraded.

Contracts will be given after clearance of the fitness test while coaches of each region and fixtures of the domestic circuit will be announced in due course.

Source: Pro Pakistani

Top BCCI Officials Likely to Tour Pakistan as PCB Invites Cricket Boards for Asia Cup

The PCB has formally sent the invitation letters to cricketing nations including India as well as ICC officials to witness the Asia Cup matches set to take place in Pakistan.With the Asia Cup only a few days away, the Pakistan Cricket Board has invite…

The PCB has formally sent the invitation letters to cricketing nations including India as well as ICC officials to witness the Asia Cup matches set to take place in Pakistan.

With the Asia Cup only a few days away, the Pakistan Cricket Board has invited all Asian Cricket Council member countries to take part in the Asia Cup 2023. This exciting tournament aims to bring together cricket teams from the region and promote friendly competition. The PCB has also welcomed ICC member countries to come and watch the matches, making the event even more special.

Moreover, the PCB has sent invitations to important people from the International Cricket Council, like the Chairman, Vice-Chairman, Chief Executive, and GM Cricket. This shows that the tournament is gaining attention on a global level.

From the Board of Control for Cricket in India (BCCI), significant figures like Roger Bunny, Rajeev Shukla, and Jay Shah have received invitations, highlighting the event’s importance in the world of cricket.

As the Asia Cup approaches, there’s a chance that respected individuals like Roger Bunny and Rajeev Shukla might come to Pakistan during the tournament. This adds to the excitement of the event, promising great matches and possible friendly discussions between cricket-loving nations.

Source: Pro Pakistani

SSGC to Shut Down Gas Supply to Most of Karachi for Up to 72 Hours

Due to a critical shortage of natural gas in Karachi, Sui Southern Gas Company (SSGC) has decided to shut down gas supply to CNG stations for 72 hours and industries for 48 hours.According to the spokesperson of SSGC, gas supply to all CNG stations in…

Due to a critical shortage of natural gas in Karachi, Sui Southern Gas Company (SSGC) has decided to shut down gas supply to CNG stations for 72 hours and industries for 48 hours.

According to the spokesperson of SSGC, gas supply to all CNG stations in Sindh province including RLNG pumps will be closed for 72 hours from Saturday, August 26 at 08:00 am, to Monday, August 28 at 08:00 AM to meet the needs of the general public.

Gas supply to all General Industries will also be shut off for the next 48 hours from 08:00 AM on August 26. While the company did not disclose any reason for the gas shutdown, the shortage of gas is the likeliest culprit.

Pakistan and Turkmenistan, on Thursday, agreed to speed up the TAPI gas pipeline project. The development came during a meeting between the Ambassador of Turkmenistan, Atadjan Movlamov, and the Interim Federal Minister for Energy, Muhammad Ali.

The minister highlighted the importance of gas for the economy of Pakistan. “With the increasing energy demand of the country, such projects need an aggressive approach,” he remarked.

Source: Pro Pakistani

SECP Issues First Certificate of Shariah Compliance

The Securities and Exchange Commission of Pakistan (SECP) has issued the first-ever certificate of Shariah compliance to two Estate Investment Trusts (REITs), namely Signature Residency REIT and Rahat Residency REIT.Earlier this year, in pursuance of …

The Securities and Exchange Commission of Pakistan (SECP) has issued the first-ever certificate of Shariah compliance to two Estate Investment Trusts (REITs), namely Signature Residency REIT and Rahat Residency REIT.

Earlier this year, in pursuance of Pakistan’s Federal Shariah Court (FSC) judgment, wherein the FSC directed the government to facilitate all lending activity under an interest-free system, the SECP issued Guidelines for Offering Islamic Financial Services 2023.

These guidelines facilitate conventional financial institutions intending to convert themselves into Shariah-compliant business models. Since the issuance of the guidelines, a number of entities have applied for certification as Shariah-compliant companies.

The Signature Residency REIT is a close-end developmental REIT with a fund size of Rs. 825 million and a 4-year indicative life. It aims to build apartments and retail units on land, generating income for investors through the sale of these units to customers. Similarly, Rahat Residency REIT is also a closed-end Shariah-compliant developmental REIT with a fund size of Rs. 1,650 million and an indicative life of 5 years.

Investors will enter into a Shirkat ul Aqad partnership under REIT for acquiring real estate and executing contracts for construction, financing, sale, and redemption in accordance with Shariah Advisor guidelines.

The issuance of Shariah compliance certificates to REIT developments is a significant step towards connecting the real estate industry with Islamic financial markets and providing Shariah-conscious investors with a regulated transparent investment alternative.

Source: Pro Pakistani

Price of Gold in Pakistan Crosses Rs. 235,000 Per Tola

The price of gold in Pakistan crossed the Rs. 235,000 per tola barrier after an increase of Rs. 2,900 per tola on Friday.According to the data released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) j…

The price of gold in Pakistan crossed the Rs. 235,000 per tola barrier after an increase of Rs. 2,900 per tola on Friday.

According to the data released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) jumped by Rs. 2,900 per tola to Rs. 235,500 while the price of 10 grams increased by Rs. 2,486 to Rs. 201,903.

The current week began with an increase of Rs. 3,100 per tola on Monday before another increase of Rs. 4,600 per tola on Tuesday. Wednesday saw the price fall by Rs. 1,900 per tola, while the price of the precious metal remained unchanged on Thursday. This means that, cumulatively, the price of gold has increased by Rs. 8,700 per tola during the week so far.

In the international market, spot gold was largely unchanged at $1,917.17 per ounce by 1149 GMT, while the US gold futures went down by 0.1 percent to $1,945.20.

Source: Pro Pakistani

PM Urges US Companies to Invest in Pakistan’s IT Sector

Caretaker Prime Minister Anwaar-ul-Haq Kakar Friday urged US companies to tap the vast potential for investment in Pakistan’s information technology sector.The PM’s remarks came during a meeting with US Ambassador to Pakistan Donald Blome, who called …

Caretaker Prime Minister Anwaar-ul-Haq Kakar Friday urged US companies to tap the vast potential for investment in Pakistan’s information technology sector.

The PM’s remarks came during a meeting with US Ambassador to Pakistan Donald Blome, who called on the premier in Islamabad. The envoy congratulated the prime minister on assuming office and reaffirmed the United States’ desire to support Pakistan’s economic and development agenda.

The prime minister appreciated the role of the US in helping Pakistan stabilize its economy and reaffirmed Pakistan’s commitment to continue the reform agenda for achieving sustainable growth. Noting the role that the US private sector has traditionally played in supporting Pakistan’s economic growth, he hoped that more US companies would explore investment opportunities in Pakistan.

The prime minister said that Pakistan and the US enjoyed longstanding and broad-based relations, rooted in mutual respect, common interests, and shared values. He expressed satisfaction on the current positive trajectory of bilateral ties and reaffirmed the government’s desire to further strengthen bilateral cooperation in the key areas including trade and investment, energy, security, and climate change.

The prime minister emphasized that the caretaker government’s main responsibility is to assist the Election Commission of Pakistan in the electoral process and provide constitutional continuity during the period of democratic transition.

Lauding the important contributions of the Pakistani-American community towards strengthening ties between the two countries, the prime minister called for increasing people-to-people contacts between the two countries.

Source: Pro Pakistani

Caretaker Info Minister expresses grief over demise of Naimat Khan’s father

Caretaker Minister for Information and Broadcasting Murtaza Solangi has expressed grief over the demise of the father of General Secretary of Karachi Union of Journalists [Dastoor] Naimat Khan.In a statement today, he prayed the Allah Almighty to rest…

Caretaker Minister for Information and Broadcasting Murtaza Solangi has expressed grief over the demise of the father of General Secretary of Karachi Union of Journalists [Dastoor] Naimat Khan.

In a statement today, he prayed the Allah Almighty to rest the departed soul in peace and grant courage to the bereaved family to bear this irreparable loss.

Source: Radio Pakistan