India-Pakistan tie among Cricket World Cup matches set to be rescheduled 

Former India's captain Virat Kohli, right, and his Pakistani skipper Babar Azam arrive on the field for toss before the start of the ICC men’s Twenty20 World Cup cricket match at the Dubai International Cricket Stadium on October 24, 2021. (AFP/File)
Short Url
Updated 28 July 2023
Follow

India-Pakistan tie among Cricket World Cup matches set to be rescheduled 

  • World Cup schedules are usually announced a year before the start of the event 
  • But the fixtures for the mega tournament in India were unveiled only last month 

NEW DELHI: Barely three months to go before the start of the 50-overs World Cup, the organizing Indian cricket board has said the schedule would be adjusted and an Oct. 15 India v Pakistan humdinger in Ahmedabad could be among matches affected. 

World Cup schedules are usually announced a year before the start of the event but the fixtures for the tournament in India, scheduled from Oct. 5, were unveiled only last month. 

The inordinate delay has inconvenienced fans who plan to travel to India for the tournament and Indian board secretary Jay Shah confirmed even the schedule announced last month is not final. 

“Two or three boards have written in, asking to change based on the logistical challenges,” Shah told reporters on Thursday. 

“There are some matches where there is only a two-day gap, so it will be difficult to play and then travel next day.” 

“We are working out with the ICC, and we should be able to clear it in two or three days,” he said, referring to the governing International Cricket Council. 

The organizers have not announced when and where fans can buy tickets from and an ICC spokesperson said it would be BCCI’s call. 

Media reported that the much-anticipated India v Pakistan tie would be brought forward by a day as adequate police security may not be possible on Oct. 15, which marks the beginning of a Hindu festival. 

India and Pakistan have been implacable rivals since they emerged as independent countries at the end of British colonial rule in 1947, fighting three wars since then and still rattling sabres at each other when tensions rise. 

Pakistan have said they would require government permission to travel to India for the World Cup though the ICC is hopeful of their participation. 

The bitter neighbors have played each other only in multi-team events at neutral venues over the past decade. 


Pakistan stocks hit record as fertilizer sales jump, rate cut hopes build

Updated 5 sec ago
Follow

Pakistan stocks hit record as fertilizer sales jump, rate cut hopes build

  • KSE-100 jumps 1.5 percent to close above 179,000 points for the first time
  • Stocks start 2026 on a strong note amid broad-based institutional buying

ISLAMABAD: Pakistani stocks extended their rally on Friday, with the benchmark index closing above the 179,000-point mark for the first time, driven by strong fertilizer sales data and expectations of further monetary easing by the central bank.

The KSE-100 index rose 2,679.44 points, or 1.52 percent, to close at 179,034.93, compared with its previous close of 176,355.49, according to data from the Pakistan Stock Exchange (PSX).

Ahsan Mehanti, chief executive officer at Arif Habib Commodities, said buying interest picked up ahead of key corporate earnings due next week, supported by easing inflationary pressures and improving sector-specific data.

“Rupee gains, strong fertilizer sales growth of 34 percent year-on-year in December 2025 and expectations of further policy easing by the State Bank of Pakistan, after headline inflation slowed to 5.6 percent year-on-year, acted as key triggers for bullish activity at the Pakistan Stock Exchange,” he told Arab News.

Fertilizer sales in Pakistan have shown mixed trends in recent months, with overall offtake affected by weak farm economics and seasonal factors. While urea sales declined in some periods, December data showed a sharp rebound, helping lift investor sentiment in the sector.

This has supported fertilizer stocks on the PSX, including Fauji Fertilizer Company, Engro Fertilizers and Fatima Fertilizer, which continue to draw interest due to their market dominance and dividend payouts.

Samiullah Tariq, head of research and development at Pakistan Kuwait Investment Company Limited, said investors were positioning for another rate cut amid improving macroeconomic indicators.

“Expectations of another rate cut, strong macroeconomic fundamentals and better corporate results are driving the market,” he said.

Pakistan’s central bank cut its key policy rate by 50 basis points to 10.5 percent last month, surprising markets after maintaining rates unchanged in its previous four policy meetings. Consumer price inflation eased to 5.6 percent year-on-year in December, while prices declined on a monthly basis.

Friday’s close capped a strong start to 2026 for the PSX, with broad-based institutional buying lifting major sectors and reinforcing investor confidence at the beginning of the year.