India won’t travel to Pakistan for 2023 Asia Cup — BCCI

Pakistan's Mohammad Rizwan plays a shot during the Asia Cup Twenty20 international cricket Super Four match between India and Pakistan at the Dubai International Cricket Stadium in Dubai, UAE, on September 4, 2022. (AFP/File)
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Updated 18 October 2022
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India won’t travel to Pakistan for 2023 Asia Cup — BCCI

  • Pakistan is also the host of 2025 Champions Trophy
  • India are the hosts of the 2023 ODI World Cup

ISLAMABAD: India will not travel to Pakistan for the Asia Cup in 2023, the cricket news website ESPNcricinfo said on Tuesday, raising questions over where the tournament will now be held.

The development occurred on the day of the BCCI’s annual general meeting in Mumbai, where BCCI secretary Jay Shah, who is also the Asian Cricket Council (ACC) president, suggested next year’s Asia Cup needed to be played at a different venue.

The ACC is yet to discuss the issue, after which a decision will be taken. The PCB has not yet commented on the development.

“The Asia Cup 2023 will be held at a neutral venue,” Shah told the media after the AGM. “I am saying this as ACC President. We [India] can’t go there [to Pakistan], they can’t come here. In the past also, Asia Cup has been played at a neutral venue.”

In the next three years, Pakistan are hosts of two major tournaments, the 2023 Asia Cup and the 2025 Champions Trophy, while India are the hosts of the 2023 ODI World Cup. After Shah’s remarks, the impact on the schedules for these tournaments remains to be seen.

India’s last trip to Pakistan was for the 2008 Asia Cup, while Pakistan’s last visit to India was for the 2016 T20 World Cup. Due to strained political relations between the two countries, India and Pakistan have not played any bilateral cricket since Pakistan toured India in 2012-13.

India and Pakistan last played each other at the 2022 Asia Cup in UAE in August-September this year, and they are due to face off in the T20 World Cup in Melbourne on October 23.

However, the possibility of India traveling to Pakistan for the first time in nearly 15 years emerged after the BCCI listed the 2023 Asia Cup in Pakistan as one of the “major/multi-national events” for the Indian men’s team in its AGM agenda note sent to state associations last week.


Pakistan’s first non-life Shariah-compliant takaful operator plans share sale in January

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Pakistan’s first non-life Shariah-compliant takaful operator plans share sale in January

  • Pak-Qatar General Takaful Limited plans to raise up to $1.5 million through initial public offering
  • Institutional investors will get 75% of shares, while the remaining 25% will go to retail investors

KARACHI: Pakistan’s first dedicated non-life Shariah-compliant takaful operator said on Monday it will launch an initial public offering this month, seeking to raise up to Rs 420 million ($1.5 million) as Islamic finance gains traction in the country’s capital markets.

The company, Pak-Qatar General Takaful Limited, said it would issue 30 million shares, with a floor price of Rs 10 and a ceiling price of Rs 14 per share. Institutional investors will receive 75% of the shares on offer, while the remaining 25% will be allocated to retail investors.

“Arif Habib Limited has been mandated by Pak-Qatar General Takaful Limited to act as the consultant and book runner for raising funds through the initial public offering,” it announced in a statement.

The book-building process for the offering will take place on Jan. 21-22, it added, with investor registration opening on Jan. 16, while public subscriptions are scheduled for Jan. 28-29.

The offering follows the recent listing of Pak-Qatar Family Takaful Limited, which raised Rs 901 million ($3.23 million) last month in Pakistan’s first Islamic insurance sector IPO, an issue that was oversubscribed several times.

Proceeds from the IPO will be used to strengthen the company’s capital base and support investments in technology, infrastructure and branch expansion, said the statement.

Pak-Qatar General Takaful Limited is part of Pakistan’s pioneer Islamic financial services group and is backed by Qatar-based financial institutions.