Pakistan State Times English News Blog Fri, 22 Sep 2017 10:52:16 +0000 en-US hourly 1 KARACHI: Renowned star sportsman, former Pakistani national cricketer Wasim Akram launching new and improved blood glucose meter “Accu-Chek Instant S” at a local hotel. Mr. Sohail Malik (Head of Diabetic Care – Roche) and others present on the occasion. Fri, 22 Sep 2017 10:52:16 +0000

Yadav hat-trick gives India big win in 2nd ODI against Australia Fri, 22 Sep 2017 10:44:05 +0000 KOLKATA: Kuldeep Yadav s maiden hat-trick and a fluent 92 by Virat Kohli helped India cruise to a 50-run win over Australia in the second one-day international in Kolkata on Thursday.

Yadav once again combined with fellow wrist spinner Yuzvendra Chahal to dismiss the visitors for 202 in 43.1 overs while chasing 253 and earn India a 2-0 lead in the five-match series.

Left-arm wrist spinner Yadav and fast bowler Bhuvneshwar Kumar claimed three wickets each while Chahal and paceman Hadik Pandya took two each.

But it was Kohli and Ajinkya Rahane, who scored 55, who laid the foundation for the victory with their 102-run second-wicket partnership that made India post 252 all out.

“We didn t feel like we had enough on the board at the break. But we knew if we had a good start we (would) have a good chance of defending it,” said Kohli, who received the man of the match award.

“Bhuvi s (Kumar) spell became even more important because we knew the wrist-spinners would do damage in the middle. The deliveries he got the batsmen out with were unplayable.”

Kohli added: “You can count on Bhuvi for getting the breakthroughs. Two young spinners bowling with a lot of heart, speaks volumes about their characters.”

Kumar struck early after removing the two Australian openers, including David Warner for one, in an inspired first spell that lasted six overs.

Skipper Steve Smith, who made 59, and Travis Head then forged a 76-run partnership as the duo tried to steady the innings by counter attacking the Indian bowlers.

But the introduction of spin once again proved troublesome for the visitors with leg-spinner Chahal sending back Head, for 39, and then the big-hitting Glenn Maxwell, for 14.

Maxwell, who looked threatening with two sixes during his brief stay, was stumped by wicketkeeper Mahendra Singh Dhoni who was quick to clip the bails off.

Smith though carried on the good work to register a gritty 50 in his 100th ODI but the delight was short lived after he fell to paceman Hardik Pandya.–Agencies


Real Madrid beaten by Betis on Ronaldo return Fri, 22 Sep 2017 10:43:44 +0000 MADRID: Antonio Sanabria struck deep into stoppage time to hand Real Betis a shock 1-0 win away to Real Madrid on Wednesday as the European champions failed to score for the first time in 74 matches.

Defeat leaves Real already seven points adrift of leaders Barcelona just five games into their defence of La Liga having failed to win in all three home games so far this season.

Even the presence of Cristiano Ronaldo on his return from a five-match domestic ban couldn’t break Betis’ resistance as former Real goalkeeper Antonio Adan produced stunning saves from Isco, Toni Kroos and Gareth Bale.

And Betis snatched all three points in the 93rd minute when Sanabria powered home a header from Antonio Barragan’s cross.

“Last year we won games we didn’t deserve to and now it is the reverse,” said Real coach Zinedine Zidane.

“The league is very long, in the end we’ll see how it goes but we need to be calm and we know we will have better days.”

It is the first time Betis have won at the Bernabeu since 1998.

“It is impossible to win here without suffering,” said Betis boss Quique Setien.

“To win against a team like this, your goalie has to have a spectacular game and you have to have luck.”

Ronaldo was recalled among three changes to the Madrid side from Sunday’s 3-1 win at Real Sociedad as Zinedine Zidane named his strongest available side.

However, it was the visitors who made the stronger start and should have gone in front when Sanabria’s goalbound effort was cleared off the line by Dani Carvajal.–Agencies


Pak hockey team named for Asia Cup Fri, 22 Sep 2017 10:43:21 +0000 LAHORE: Pakistan Hockey Federation on Thursday announced 18-member national team to feature in the 10th Hockey Asia Cup being played from October 11-22 in Dhaka Bangladesh.

Mohammad Irfan is the captain of the team and Rizwan Senior is his deputy.

The team was named following two day trails held at Karachi, said a spokesman of the PHF here.

He said national selection committee and President PHF, Brig retd Khalid Sajjad Khokhar and Secretary Shahbaz Ahmad watched the trials. –Agencies


Women Cricket: Pakistan to play New Zealand in Sharjah Fri, 22 Sep 2017 10:40:57 +0000 KARACHI: Pakistan women cricket team will launch its 2017-2021 women cricket championship cycle with home series against New Zealand, which will be played in Sharjah.

According to itinerary released by the Pakistan Cricket Board, Pakistan women cricket team will play four T20Is against the New Zealand team, along with three ODIs.

The ICC Women Championship will run over a four-year cycle in which all the teams will play three ODIs against each other either at home or away.

Points will be awarded for each game, with the top four sides at the conclusion of the ICC Women‘s Championship gaining automatic qualification to the ICC Women‘s World Cup.

The first round matches between Pakistan and New Zealand will be played at Sharjah on October 31, November 2 and November 5.

The four T20Is will be played on November 8, 9, 12 and 14.

Pakistan Cricket Board is likely to announce a new-look squad for the series after team’s disastrous performance in ICC Women’s World Cup.–Agencies


KARACHI: Chairman Businessmen Group & Former President KCCI Siraj Kassam Teli and President KCCI Shamim Ahmed Firpo presenting KCCI’s crest to Chief Minister Sindh Syed Murad Ali Shah during his visit to Karachi Chamber of Commerce and Industry on Thursday. Fri, 22 Sep 2017 10:40:37 +0000

SBP issues `Guidelines for Clearing Operations’ Fri, 22 Sep 2017 10:38:58 +0000 KARACHI: The State Bank of Pakistan (SBP) on Thursday issued `Guidelines for Clearing Operations’ to facilitate general public for timely realization of funds in their accounts.

This would facilitate general public for timely realization of funds in their bank accounts and ensure consumer protection.

The State Bank issued `Guidelines for Clearing Operations’ for compliance by Clearing House (s) and its members (banks and microfinance banks) involved in clearing of Pak Rupee payment instruments.

The guidelines, which will be effective from Jan 1, 2018, have been issued in terms of the powers conferred upon State Bank of Pakistan under the Payment Systems and Electronic Fund Transfers Act, 2007.

In this regard, banks/microfinance banks have been advised to credit the customers’ accounts within the timelines as defined in the Guidelines and in case they fail to do so they are obliged to compensate the customers for the delayed period (except the force majeure events declared and communicated to customers).

Banks/microfinance banks have also been advised to make arrangements for centralized clearing of their intercity instruments through their designated branches in cities where they are present to reduce the clearing time due to physical movement of instruments.  Further, in order to timely resolve customer complaints, dispute resolution mechanism with turnaround time has also been prescribed for banks/ microfinance banks.

In addition, all banks/microfinance banks have also been advised to disclose the cut-off time for presentment of payment instruments, timelines to credit the customers’ accounts, and the roles, responsibilities and liabilities of customers with respect to collection and clearing of payment instruments. –Agencies


PSO ensuring availability of petroleum products across country Fri, 22 Sep 2017 10:38:47 +0000 KARACHI: The Pakistan State Oil (PSO) is ensuring availability of petroleum products across the country, a spokesman of the company said here on Thursday.

In response to media reports about shortage of fuel in parts of the country, Pakistan State Oil, the country’s largest oil marketing company, pointed out that `We are aware of media reports about shortage of fuel in parts of the country. PSO would like to confirm that the company has sufficient quantities of fuel and our depots are working round the clock to ensure an uninterrupted supply of products throughout the country’.

`The company is continuing to manage its imports and refinery purchases smoothly. PSO has already imported 170,000 metric-tons of MOGAS. In addition to this 115,000 metric-tons of MOGAS will be arriving within this month. This also includes a ship containing 57000 metric-tons of MOGAS is arriving on 21 September 2017. We would therefore like to assure our customers that there will be no shortage of fuel at PSO outlets’, it was further pointed out.

`Despite all the challenges on liquidity front, PSO is continuing to supply more than its market share to ensure an uninterrupted availability of petroleum products across all parts of the country’.

`Currently our collective receivable from power sector, government for price differential claims, PIA and SNGPL stands at around Rs 295 billion. We are constantly engaging with the Ministry of Energy, Ministry of Finance, PIA and SNGPL for release of funds’.–APP

ICCI signs MoU with Greek-Pakistan Entrepreneurship Fri, 22 Sep 2017 10:34:26 +0000 ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) and Greek-Pakistan Entrepreneurship Cooperation Initiative have signed a Memorandum of Understanding (MoU) to make joint efforts for further improving bilateral trade and economic relations between Pakistan and Greece. Khalid Iqbal Malik, ICCI President, and Ms. Maria-Rubina G. Markopoulou, President, Greek-Pakistan Entrepreneurship Cooperation Initiative signed the MoU here at Chamber House on Thursday. Speaking at the occasion, Khalid Iqbal Malik, said that bilateral trade between Pakistan and Greece did not reflect the actual potential of both countries, however, it could be improved by promoting connectivity between the private sectors of both countries and encouraging frequent exchange of trade delegations.


Lucky Cement holds dealers convention Fri, 22 Sep 2017 10:32:48 +0000 KARACHI: Lucky Cement Limited (psx: LUCK), one of the largest producers and leading exporters of quality cement in Pakistan, honored top dealers and retailers during its Annual Dealers Convention held recently at a local convention hall in Karachi. The event was a huge success with over 1,200 guests in attendance, including Lucky Cement senior management along with dealers and sub-dealers from across the country, and retailers from the South.

Speaking of the occasion, Syed Noman Hasan, Executive Director Lucky Cement Limited, reiterated, “Lucky Cement concluded its fiscal year 2016-2017 with record dispatches and this would not have been possible without the commitment and hard work put in by our dealers. We are extremely grateful to our stakeholders for their support and hope to continue to build on our strong relationship moving forward.”

He added that, “As we grow, Lucky Cement will continue and strive to create value for our stakeholders, keeping their needs as our top priority.”

The event included speeches from senior management, honoring dealers and retailers for their efforts in helping Lucky Cement reach its goals. Nearly 1,800 gifts were awarded to the dealers and retailers, ranging from 10gms gold coins and motorcycles to LED televisions, microwave ovens and rechargeable fans. A special segment was celebrated to honor Mr. Muhammad Ashaqeen of Pacific Trading Corporation for 50 years of outstanding performance in the cement industry, and his relationship with Lucky Cement, which spans over a decade. Syed Noman Hasan presented him with a diamond ring, shield and bouquet at the event.

Lucky Cement continues to grow substantially and is expanding its business operations with production facilities at strategic locations in Nooriabad (Karachi) and Pezu (Khyber Pakhtunkhwa). It also has production footprints in Iraq and DR Congo together with a global customer base.  Lucky Cement is Pakistan’s first company to export sizeable quantities of loose cement being the only cement manufacturer to have its own loading and storage terminal at Karachi Port.–PPI