‫‫ملتقى الاستثمار السنوي يعلن عن هويته الجديدة تحت مسمى قمة (AIM) للاستثمار

أبو ظبي (الإمارات العربية المتحدة) 12 سبتمبر 2023: أعلنت اللجنة المنظمة لقمة AIM للاستثمار “ملتقى الاستثمار السنوي” أحد أكبر التجمعات الاستثمارية حول العالم، عن انطلاق فعاليات الدورة الثالثة عشرة تحت شعار “التكيف مع تحول المشهد الاستثماري: تسخير إمكانات جديدة لتطوير التنمية الاقتصادية عالميًا “، بحلتها الجديدة وذلك خلال الفترة من 7 إلى 9 مايو المقبل، […]

أبو ظبي (الإمارات العربية المتحدة) 12 سبتمبر 2023: أعلنت اللجنة المنظمة لقمة AIM للاستثمار “ملتقى الاستثمار السنوي” أحد أكبر التجمعات الاستثمارية حول العالم، عن انطلاق فعاليات الدورة الثالثة عشرة تحت شعار “التكيف مع تحول المشهد الاستثماري: تسخير إمكانات جديدة لتطوير التنمية الاقتصادية عالميًا “، بحلتها الجديدة وذلك خلال الفترة من 7 إلى 9 مايو المقبل، في مركز أبوظبي الوطني للمعارض.

وتستضيف العاصمة أبوظبي للسنة الثانية على التوالي فعاليات قمة (AIM) للاستثمار بدعم من وزارة الصناعة والتكنولوجيا المتقدمة، ودائرة التنمية الاقتصادية – أبوظبي (الشريك الرئيسي)، بعد النجاح الباهر الذي حققته الدورة السابقة، باستقطاب 10313 مشاركاً من 175 دولة حول العالم، وشهدت 281 جلسة ضمت 693 متحدثاً.

 وتسعى القمة من خلال تنظيم باقة من الفعاليات والأنشطة المتنوعة، إلى توفير منصة مثالية تجمع نخبة القادة، والمسؤولين الحكوميين، وصنّاع القرار والسياسات، ورجال الأعمال، وكبار المستثمرين الإقليميين والدوليين، وكبريات الشركات والمنظمات العالمية، على مدار ثلاثة أيام لتسليط الضوء على المستجدات في المشهد الاستثماري العالمي، والخروج بحلول مبتكرة لمواجهة التحديات والمتغيرات الحالية والمستقبلية، وصولًا إلى اقتصاد عالمي مزدهر ومستدام.

وقال معالي الدكتور ثاني بن أحمد الزيودي، وزير دولة للتجارة الخارجية: “نجحت قمة (AIM) للاستثمار على مدار أكثر من عقد في تقديم منصة رائدة لصناع القرار وقادة الأعمال والمستثمرين والمسؤولين الحكوميين لمناقشة واستكشاف سبل جديدة لتعزيز التعاون الاقتصادي والاستثماري عالمياً.”

وأضاف معاليه إن استضافة مثل هذه الفعاليات الدولية المهمة تعزز المكانة الاستراتيجية لدولة الإمارات على خريطة الاستثمار العالمية بوصفها وجهة استثمارية مفضلة للاستثمارات الدولية الباحثة عن فرص للنمو والتوسع والازدهار، بالإضافة إلى كونها واحدة من أكبر الدول المستثمرة حول العالم، كما تتماشى مع توجهات دولة الإمارات الاستثمارية الرامية إلى المساهمة في تخطي التحديات الراهنة التي تواجه الاقتصاد العالمي، وتحقيق التنمية والازدهار والاستدامة في الدول المستقبلة للاستثمارات الإماراتية.

من جانبه، قال معالي أحمد جاسم الزعابي، رئيس دائرة التنمية الاقتصادية – أبوظبي: “انطلاقًا من النجاح الملحوظ الذي حققته الدورة السابقة من قمة (AIM) للاستثمار، فإننا نعمل لتلبية مستوى عال من توقعات مجتمع الاستثمار العالمي. باعتبارها عاصمة رؤوس الأموال، تقود أبوظبي المحادثات العالمية حول توقعات وديناميكيات الاستثمار في عصر يتسم بالتحولات الضخمة. نسعى لتحفيز واستقطاب وتوجيه الاستثمارات الداخلية والخارجية من خلال نهج يرتكز على جعل التنمية البشرية ومعايير الاستدامة وتوظيف التكنولوجيا المتقدمة المحور والمحرك الرئيسي لخطط التنمية الاجتماعية والاقتصادية على المستويين المحلي والدولي، فضلًا عن دعم جداول الأعمال البيئية والاجتماعية والحوكمة، وتعزيز التعاون والعمل الدولي المشترك لتحسين جودة الحياة للجميع.”

وقال داوود الشيزاوي رئيس مؤسسة (AIM) العالمية: “في ظل ما يشهده العالم من تحديات مختلفة مثل تغير المناخ، وتحديات سلاسل الإمداد العالمية، والأمن الغذائي، وتضخم الأسعار، وبالتزامن مع استمرار انخفاض النمو الاقتصادي العالمي، يأتي الإعلان عن الهوية الجديدة لقمة (AIM) للاستثمار لتوفير منصة مثالية لنخبة القادة وصناع القرار حول العالم لتبادل الخبرات والتجارب والآراء حول كيفية التصدي لتلك التحديات وإعادة تشكيل مشهد التجارة والاستثمار العالمي.

وتنظم القمة باقة من الفعاليات ضمن محوري الاستثمار والابتكار والتكنولوجيا، حول موضوعات مختلفة تشمل الزراعة، والطاقة، والتكنولوجيا، والصناعة، والسياحة، والشحن، والخدمات المالية، والصحة والتعليم، وذلك بالتعاون مع عدد من الهيئات الدولية مثل منظمة الصحة العالمية،  والسياحة العالمية، واليونيدو، والأونكتاد، ومنظمة التجارة العالمية، ومنظمة التعاون الاقتصادي والتنمية، والوكالة الدولية للطاقة المتجددة.

لأيةاستفساراتأوللرغبةفيالحصولعلىالمزيدمنالمعلوماتالرجاءعدمالترددبالاتصالفيأيوقت

شيرين المسلمي
M: +971 526998032
pr.media@aimcongress.com

GlobeNewswire Distribution ID 300893347

Institutional Investor Launches 2023 Developed Europe and 2023 Emerging EMEA Research Rankings

BofA Securities and BNP Paribas Exane share first place as top research provider in the Developed Europe survey BofA Securities, HSBC and J.P. Morgan share top spot in Emerging EMEA LONDON, Sept. 12, 2023 (GLOBE NEWSWIRE) —  Institutional Investor Research (II Research) surveys are the leading provider of market sentiment in the financial industry. Research […]

BofA Securities and BNP Paribas Exane share first place as top research provider in the Developed Europe survey

BofA Securities, HSBC and J.P. Morgan share top spot in Emerging EMEA

LONDON, Sept. 12, 2023 (GLOBE NEWSWIRE) —  Institutional Investor Research (II Research) surveys are the leading provider of market sentiment in the financial industry. Research budgets remain flat and asset managers are using fewer analysts, but demand for bespoke opinion means that close client relationships and “trusted source” status becomes more important than ever before. With MiFID regulations potentially being rolled back across Europe and UK, the focus on the provision of quality research advisory services may result in a more competitive environment and we may see an increase in research teams across the industry.

There were no changes to the industry and country sector categories this year. The 2023 Developed Europe Research results reflects the opinions of 5,462 portfolio managers and analysts (up from 4,692 in 2022) from 1,813 institutions (up from 1,696 in 2022). The total number of votes has also increased from last year, by 11%. Over 180 firms have submitted centralised or coordinated votes, underscoring the robust nature of the results as an accurate reflection of market sentiment.

Results Highlights

Developed Europe Research

The Leaders’ Board remains intensely competitive, with seven companies competing for the honour of being rated best research house. BofA Securities and BNP Paribas Exane were ranked in first place, both with 38 published positions. J.P. Morgan once again follows in third place taking 31 positions with UBS achieving fourth place with 30 ranked teams. Barclays built on the momentum they gathered in 2022, gaining three published positions and rising to 5th overall; Morgan Stanley places sixth. The largest gain on the Leader’s Board came from Jefferies in seventh, which gained 10 positions from 2022. Citi, Bernstein and Kepler Cheuvreux take the final three places in the Developed Europe Top 10, displacing Credit Suisse that shared joint 11th place with Societe Generale.

BNP Paribas Exane once again claims first place in the analyst-ranked tables with 44 positions, followed by BofA Securities (41), J.P. Morgan (35 positions) and Barclays (31), which climbed two places.

Emerging EMEA Research

HSBC and J.P. Morgan were joined by BofA Securities as joint first place in the Emerging EMEA Leaders’ Table all with 17 published positions. Morgan Stanley took fourth place with 8 positions. Citi and UBS shared fifth.

In the commission-weighted analyst tables, the top three positions were unchanged; HSBC came first with 33 published positions, followed by J.P. Morgan with 22 positions and BofA Securities with 18. Morgan Stanley pushed up seven places to 15 to take fourth and UBS came fifth place with 13 positions to complete the leading winners. Vote participation up 14% this year with 934 voters from 286 companies.

David Enticknap, Head of II Research said “With MiFID regulations potentially being rolled back across Europe and UK, the focus on the provision of quality research advisory services may result in a more competitive environment, and we may see an increase in research teams across the industry. The Institutional Investor rankings represent the gold standard in assessment of quality in equity research, recognised globally for the integrity of the process and depth of coverage.”

The results can be found here: https://www.institutionalinvestor.com/research

For more information, or a demo on how to interrogate the data, contact Augusta McKie, Sales Director Research (EMEA), augusta.mckie@iiresearch.com

To share your position on your website content, advertisements, communications and marketing collateral, please contact marketing@iiresearch.com.

Media contact

David Bowen, Director of Marketing, Institutional Investor Research david.bowen@iiresearch.com

About Institutional Investor Research

For over 50 years, Institutional Investor has been conducting independent research surveys with global investment professionals who evaluate and determine the best performing sell side service providers, asset managers and CEOs, CFOs, IROs and IR Programs across Europe, Emerging EMEA, Asia Pacific, North America and Latin America. The research data independently captures evaluations of companies, investment professionals and executives from investment managers, banks, research providers and corporate issuers, to deliver detailed peer-to-peer comparative analyses every year; the feedback helps inform strategic decision making and improve resource and process management.

Follow Institutional Investor Research here https://www.linkedin.com/showcase/11222447

GlobeNewswire Distribution ID 8920402

Institutional Investor Launches 2023 Developed Europe & Emerging EMEA Executive Team Rankings

36 companies (Core, Large Cap & Small-Mid Cap) came first in at least five voting areas in their sectors in Developed Europe and 16 companies for Emerging EMEA LONDON, Sept. 12, 2023 (GLOBE NEWSWIRE) — Institutional Investor Research (II Research) surveys are the leading provider of independent performance validation and market sentiment across 8 global […]

36 companies (Core, Large Cap & Small-Mid Cap) came first in at least five voting areas in their sectors in Developed Europe and 16 companies for Emerging EMEA

LONDON, Sept. 12, 2023 (GLOBE NEWSWIRE) — Institutional Investor Research (II Research) surveys are the leading provider of independent performance validation and market sentiment across 8 global capital markets. Executive Team surveys are an independent platform for investment and sell-side professionals to evaluate credibility, communication, financial stewardship and capital allocation of corporate leadership, the quality of IR across multiple activities and the effectiveness of the Board of Directors. The results from the survey, an in-depth capability and benchmark analysis, capture the feeling and trust levels of stakeholders in their equity assets.

This year saw 2,733 CEOs, CFOs, and IROs from 1,266 nominated companies receiving votes in the survey. Combined voters saw 1,872 voters from 851 voting companies. The number of votes increased by over 20% since 2022 for the Developed Europe survey and 46% for the Emerging EMEA survey.

2023 Emerging EMEA Executive Team — Core results

281 companies and 503 individuals were nominated across 11 sectors.

Eight companies clinched a clean sweep first place in the combined rankings in five voting areas for Best CEO, Best CFO, Best Investor Relations Professional, Best IR Company, Best Analyst/Investor Event, Best ESG Metrics, and Best Company Board in their respective sectors:

Al Rajhi Bank (Saudi Arabia, Financials), Coca-Cola Icecek (Turkey, Consumer), Haci Omer Sabanci Holding (Turkey, Industrials), Hellenic Telecommunications Organization (Greece, Technology, Media & Telecommunications), Lamda Development (Greece, Construction & Real Estate), MLP Saglik Hizmetleri (Turkey, Health Care & Pharmaceuticals), Mytilineos Holdings (Greece, Metals & Mining) and Petkim Petrokimya Holding (Turkey, Chemicals).

2023 Emerging EMEA Executive Team — Large Cap results

95 companies and 197 individuals were nominated across 11 sectors.

Six companies clinched a clean sweep first place in the combined rankings five of the seven aforementioned voting areas:

Al Rajhi Bank (Saudi Arabia, Financials), Emaar Properties (United Arab Emirates, Construction & Real Estate), Hellenic Telecommunications Organization (Greece, Technology, Media & Telecommunications), Koc Holding (Turkey, Industrials), Opap (Greece, Consumer) and Turk Hava Yollari (Turkey, Transportation).

2023 Emerging EMEA Executive Team — Small & Midcap results

186 companies and 306 individuals were nominated across 11 sectors.

Ten companies obtained a clean sweep first place in the combined rankings in five of the seven aforementioned voting areas:

Aegean Airlines (Greece, Transportation), Coca-Cola Icecek (Turkey, Consumer), Haci Omer Sabanci Holding (Turkey, Industrials), Lamda Development (Greece, Construction & Real Estate), MLP Saglik Hizmetleri (Turkey, Health Care & Pharmaceuticals), Motor Oil (Hellas) Corinth Refineries (Greece, Oil & Gas), Mytilineos Holdings (Greece, Metals & Mining), Petkim Petrokimya Holding (Turkey, Chemicals), Piraeus Financial Holdings (Greece, Financials) and Turk Telekomunikasyon (Turkey, Technology Media & Telecommunications).

Amani Korayeim, Director for Europe and Emerging EMEA, says “The Institutional Investor rankings are recognised as an industry benchmark by its stakeholders and determine compensation packages and KPIs for IR teams that are empowered and valued by their leadership teams. Investor Relations is critical in shareholder value creation. In fact, good IR, often recognised through the Institutional Investor’s rankings, can deliver a competitive advantage, and help companies trade at a premium. Conversely, poor IR can lead to the company being traded at a discount, create greater volatility and higher cost of capital. The highest ranked companies in our surveys tend to measure and monitor the effectiveness of their IR activities very closely. These are the teams that take a strategic and deliberate approach to their market engagement, use underlying research data and perception intelligence to continually optimise their IR interaction to close the gap between their competition and lock in prospect targets through a more personalised and targeted outreach. Congratulations to all the top ranked companies this year, we are particularly excited about the new names and regions that are represented in what the market defines as Best in Class IR.”

For the full list of published winners, please visit www.institutionalinvestor.com/research.

Awards & Licences

Institutional Investor owns the copyright to all survey and awards logos. To acquire access to the Institutional Investor award or survey logo for use in client pitch books, annual reports, websites, email signatures, local advertising, social media etc., please contact marketing@iiresearch.com

Ranking Analysis & Perception Intelligence

To request further information on how you can access the underlying survey research to identify strength and opportunities in IR through a multi-dimensional comparative peer analysis, please contact amani.korayeim@iiresearch.com

Media contact

David Bowen, Director of Marketing, Institutional Investor Research david.bowen@iiresearch.com

About Institutional Investor Research

For over 50 years, Institutional Investor has been conducting independent research surveys with global investment professionals who evaluate and determine the best performing sell side service providers, asset managers and CEOs, CFOs, IROs and IR Programs across Europe, Emerging EMEA, Asia Pacific, North America and Latin America. The research data independently captures evaluations of companies, investment professionals and executives from investment managers, banks, research providers and corporate issuers, to deliver detailed peer-to-peer comparative analyses every year; the feedback helps inform strategic decision making and improve resource and process management.

Follow Institutional Investor Research here https://www.linkedin.com/showcase/11222447

GlobeNewswire Distribution ID 8920411

Babar Azam Wins His 3rd ICC Player of the Month Award

Babar Azam bagged the ICC Men’s Player of the Month for the third time, winning the award for August 2023. He is the first player in the world to win the accolade three times.Holding the top spot in the ICC Men’s ODI Player Rankings, Babar Azam contin…

Babar Azam bagged the ICC Men’s Player of the Month for the third time, winning the award for August 2023. He is the first player in the world to win the accolade three times.

Holding the top spot in the ICC Men’s ODI Player Rankings, Babar Azam continued to impress with his exceptional form last month and has been crowned the ICC Men’s Player of the Month for August 2023.

Babar beat teammate Shadab Khan and West Indies hard-hitter Nicholas Pooran to win the award for the third time and the Pakistan captain was thrilled to accept the honour.

“I am delighted to be named ICC Player of the Month for August 2023,” Babar said.

“The past month has been extraordinary for my team and I as we have put some terrific performances. With the Asia Cup coming to Pakistan after such a long time, it was great to play in front of the passionate and cricket-loving crowds of Multan and Lahore. That I scored my second ODI score of 150-plus in front of my own people in Multan doubled the joy.

“I am looking forward to making the most of the form as we head into an exciting phase of cricket with the backend of the Asia Cup nearing and the ICC Men’s Cricket World Cup around the corner. My team and I are eager to bring joy and happiness to the millions of Pakistan fans.”

The Pakistan stalwart had an exceptional month in the Asian sub-continent, excelling in the 50-over format. In the first ODI against Afghanistan in a bilateral series in Sri Lanka, Babar faced a rare setback, failing to score any runs.

However, he quickly bounced back, displaying his resilience with two consecutive fifties. The highlight came during the second ODI, where the Pakistan captain, alongside Imam-ul-Haq, forged a crucial 118-run partnership, setting the stage for an exciting last-over showdown.

Babar contributed 53 runs in the run-chase, well-supported by Imam’s 91 runs and the lower-order batters. Pakistan clinched a nail-biting victory with a single ball and a wicket to spare.

He followed it up with yet another crucial 60, aiding his team in reaching a commendable total of 268/8 in the final ODI. Pakistan’s bowlers excelled, securing a comfortable 59-run victory to achieve a clean sweep with a 3-0 series win.

Babar’s exceptional form extended beyond the series, as he made a stellar start in the ongoing Asia Cup. In the tournament opener against Nepal, he delivered a stunning performance, scoring 151 runs off 131 balls.

During this innings, the Pakistan skipper achieved a historic milestone, becoming the fastest player in the game’s history to reach 19 ODI centuries.

This century marked his 31st century across all formats for Pakistan, placing him on par with legends Javed Miandad and Saeed Anwar. He now stands just behind Younis Khan (41), Mohammad Yousuf (39), and Inzamam-ul-Haq (35) in terms of centuries for Pakistan.

Source: Pro Pakistani

International Hockey Federation Withdraws Pakistan’s Hosting Rights for Olympic Qualifiers

The International Hockey Federation (FIH) has decided to revoke the rights granted to Pakistan to host the upcoming much-awaited Olympics qualifying round.The decision conveyed through a letter to the Pakistan Hockey Federation (PHF), comes in the wak…

The International Hockey Federation (FIH) has decided to revoke the rights granted to Pakistan to host the upcoming much-awaited Olympics qualifying round.

The decision conveyed through a letter to the Pakistan Hockey Federation (PHF), comes in the wake of concerns voiced by the international hockey authority.

As per media reports, one of the main reasons cited by the FIH for this decision was the overt interference of the Pakistan Sports Board (PSB) in the day-to-day affairs of PHF.

This, coupled with the criticisms directed at the PHF by former Olympians, created a climate of uncertainty around the capability of the federation to organize the event.

The official letter to the Pakistan Hockey Federation, stated, “At present, PHF is not in a position to host these marquee events.”

The FIH also pointed out that Pakistan had failed to provide updates on matters including broadcasting rights, operational plans, and security protocols for the tournament.

Originally slated for January 13-21, 2024, in Lahore, this would have marked the historic return of the international return of Hockey to Pakistan.

It is worth noting that this significant round would have seen eight international teams vying for a spot in the coveted Olympics hockey competition.

The recent hosting decision reversal, just two months after the grant to Pakistan, has dashed hopes for a historic sports event and disappointed fans in the country.

Source: Pro Pakistani

Just 50% of Registered Companies in Pakistan File Income Tax Returns

Only 50,000 of the 100,000 companies registered with the Securities and Exchange Commission of Pakistan (SECP) are filing their income tax returns with the Federal Board of Revenue (FBR).A new report by FBR on reforms said that the SECP and FBR share …

Only 50,000 of the 100,000 companies registered with the Securities and Exchange Commission of Pakistan (SECP) are filing their income tax returns with the Federal Board of Revenue (FBR).

A new report by FBR on reforms said that the SECP and FBR share data through a one-window facility for company and national tax number (NTN) registration under the Virtual One Stop Shop (VOSS).

This scheme has been launched to ease the registration process for companies under the ease of doing business agenda. Although there is a MoU in place between the two entities for sharing need-based data, the representatives felt that FBR should be more proactive about sharing data and information.

Only 50,000 of the 100,000 companies registered with the SECP are filing their taxes and this issue needs to be jointly addressed by FBR and SECP.

SECP has various ideas on taxation regimes for different types of companies (limited liability, sole proprietorship, group companies, etc.) that can help set up an enabling environment for improved taxation.

The engagement between SECP and FBR can help establish taxation benefits for various types of companies, encouraging them to register with FBR and avail of such benefits, the FBR report added.

Source: Pro Pakistani

Zyp Technologies Raises $1.2 Million in Seed Funding to Make Eco-Friendly Bikes in Pakistan

Pakistani e-motorbike startup Zyp Technologies has raised $1.2 million in seed funding led by venture capital fund Indus Valley Capital.With this key investment, Zyp is driving mass-market adoption of electric mobility in Pakistan by addressing three …

Pakistani e-motorbike startup Zyp Technologies has raised $1.2 million in seed funding led by venture capital fund Indus Valley Capital.

With this key investment, Zyp is driving mass-market adoption of electric mobility in Pakistan by addressing three key hurdles to adoption:

High upfront cost

Range anxiety,

Long charging times.

According to the official statement, the company aims to use this investment at its assembly line which is capable of manufacturing up to 8,000 e-motorbikes per year to meet demand. Depending on each variant in production, these bikes will cost in the region of Rs. 150,000-450,000.

The startup also intends to build 4,000 charging stations across the country.

Aatif Awan, founding partner at Indus Valley Capital, said, “With its vision to electrify the 25 million motorbikes in Pakistan, Zyp is building one of the most important products Pakistan needs to help solve the trade imbalance and high inflation. Zyp team has meticulously designed their electric motorbikes and battery swapping to perform well in the local environment, creating a remarkable indigenous solution we’re proud to back.”

Zyp founders joined forces with a mission to create Pakistan’s own homegrown automotive brand in the clean energy sector. This dream team brings experience from Silicon Valley tech companies like Microsoft and Intel, as well as auto companies like Volvo and Land Rover, and startups like Retailo.

Over the past ten months, Zyp has made remarkable progress in designing and building its complete solution by using in-house experts, innovators, engineers, and a network of local and international suppliers and partners, said the press release.

The Zyp Energy battery swap station is a pivotal achievement laying the foundation for Zyp’s battery-as-a-service (BaaS) business model.

It helps Zyp bring the upfront cost down as the battery is not sold with the bike. It is instead provided for a subscription fee, based on usage.

With an innovative design, and powered by technology to build on key principles of safety, security, and ease of use, this station enables compatible motorcycles to be “refueled” within 60 seconds. Zyp is on track to install its first Zyp Energy station on the premises of a major B2B customer.

The company has also established an assembly line capable of producing up to 8,000 motorcycles annually, underscoring its commitment to meet demand from business customers and individual buyers.

Hassan Khan, Co-Founder and CEO of Zyp Technologies, remarked, “The backing from Indus Valley Capital has been instrumental. It is enabling us to build the right localized solution for Pakistan. Zyp is building beautiful vehicles as we know everyone is tired of the same 40+ years old motorcycle designs and copycat approaches to EVs. Pakistan deserves better. Zyp is on a mission to make that happen.”

He also added, “Pakistan Govt’s EV Policy was the triggering point which brought all founders together. Successive Governments must hold and evolve the policy to reduce Pakistan’s dependence on oil and to help ensure our cities have clean air once again”.

This development offers motorcycle fleet operators, businesses, and individual riders to save up to 70 percent on fuel expenses while curbing air pollution.

Also, these bikes offer a quick fix to everyone seeking relief against rising fuel costs. Pertinently, the caretaker government on September 1 jacked up the prices of petroleum products, taking the price of petrol to an all-time high of Rs. 305.36 per liter, while the price of high-speed diesel has been jacked up to Rs. 311.84 per liter.

Source: Pro Pakistani

Pakistan Announces Replacements for Injured Naseem Shah and Haris Rauf

Pakistan suffered a major blow as Naseem Shah and Haris Rauf were ruled out of the ongoing Asia Cup due to injuries during the Super 4s match against India.Now, both the premier fast bowlers will not take part in the upcoming crucial match against Sri…

Pakistan suffered a major blow as Naseem Shah and Haris Rauf were ruled out of the ongoing Asia Cup due to injuries during the Super 4s match against India.

Now, both the premier fast bowlers will not take part in the upcoming crucial match against Sri Lanka, forcing the management to add their backups to the squad.

As per the officials in the Pakistan Cricket Board (PCB), the management has selected Zaman Khan and Shahnawaz Dahani as backups for the remainder of the event.

The Kashmir-born pacer is yet to make his debut in 50-over cricket for the Green Shirts, representing the national team in only six T20Is, taking four wickets.

Shahnawaz Dahani, on the other hand, has played two ODI matches for the Men in Green, taking one wicket, while he has been with the side for the last two years.

Head coach Grant Bradburn, speaking on the move, said, “We are taking a precautionary approach with Haris Rauf and Naseem Shah. We will assess them tomorrow.”

Responding to a question regarding not sending Haris and Naseem for batting, Bradburn said that sending them for batting could aggravate their injuries.

The Babar Azam-led side suffered a 228-run defeat in their second game of the Super 4s encounter, while they will play their last Super 4s match against Sri Lanka on September 14.

Source: Pro Pakistani