PCB announces ‘massive increase’ in premium cricket league’s media rights for 2024, 2025

A paramilitary soldier patrols next to cutouts of cricket players displaying outside the National Stadium for the upcoming country's premier domestic Twenty20 tournament 'Pakistan Super League' in Karachi, Pakistan, on January 25, 2022. (AP/File)
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Updated 10 January 2024
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PCB announces ‘massive increase’ in premium cricket league’s media rights for 2024, 2025

  • Pakistan Super League’s live-streaming, broadcast rights see increase of 113 and 45 percent respectively
  • ARY Communications, Walee Technologies win rights to broadcast and live-stream league respectively

ISLAMABAD: The Pakistan Cricket Board (PCB) said on Wednesday that the media rights for the upcoming 2024 and 2025 editions of the Pakistan Super League (PSL) saw a “massive increase” when their bidding took place this week.
The PSL is Pakistan’s premium men’s T20 cricket franchise founded by the PCB in 2015. A mix of local and foreign players take part in every edition of the league, which features six teams, each named after a Pakistani city.
Over the years, the PSL has grown to become arguably Pakistan’s most popular sports brand and is compared with other international cricket leagues such as the Indian Premier League (IPL) and the Big Bash League (BBL).
The ninth edition of the PSL is set to kick off in February and will last till March 2024.
“HBL Pakistan Super League had yet another historic day on Tuesday, when its live-streaming and broadcast rights saw an increase of 113 and 45 percent for the 2024 and 2025 editions, respectively,” the PCB said in a statement.
The board said ARY Communications (Pvt) Limited submitted the highest bid, in response to a public tender process, to broadcast the 2024 and 2025 editions of the league in Pakistan.
It saw a “whopping increase” of 45 percent from the value for the last two years, the board added.
Bids were also received from the Independent Media Corporation Pvt. Ltd, the Pakistan Television Corporation Limited (PTVC) and Tower Sports (Ten Sports) to broadcast the PSL.
Pakistani influencer marketing platform Walee Technologies, meanwhile, won the highest bid to live-stream PSL 2024 and 2025 in Pakistan, which saw a huge increase of 113 percent from the value for the last two years, the PCB disclosed.
Other bids for live-streaming the league were received from the Consortium of ARY Communications (ARY, Myco, Daraz and Tamasha), TransGroup FZE, Independent Media Corporation Pvt. Ltd. (IMC) and Tower Sports (Ten Sports).
“HBL PSL is a huge brand and it has a massive fan following,” Zaka Ashraf, chairman of the PCB’s managing committee, said in a statement.
“It is an unprecedented moment as the prices for both of these rights are unmatched. This is a testament to the growth of the HBL PSL brand and we are all waiting for HBL PSL 9 to begin now.”


Pakistan confers civilian award on Islamic Development Bank chief for his eminent services

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Pakistan confers civilian award on Islamic Development Bank chief for his eminent services

  • The IsDB is an international financial development institution that aims to foster socio-economic development in Muslim member countries
  • Pakistan is also among 56 members of the IsDB where the IsDB has invested in various projects and third largest beneficiary of its financing

ISLAMABAD: Pakistan’s Ambassador to Saudi Arabia Ahmad Farooq on Tuesday conferred the ‘Hilal-i-Quaid-i-Azam’ medal on Islamic Development Bank (IsDB) head Dr. Mohammed Sulaiman Al-Jasser in the Saudi city of Jeddah, the Pakistani consulate said. 

The Hilal-i-Quaid-i-Azam medal is one of Pakistan’s highest civil awards that is awarded to foreign nationals for their eminent services to Pakistan. 

The award ceremony was attended by representatives from Pakistan’s missions in the Kingdom and to the Organization of Islamic Cooperation (OIC).

“The President of Pakistan has conferred this medal on Dr. Al-Jasser for his instrumental role and for IsDB Group’s leadership in supporting Pakistan’s economic and development agenda and support at important world forums,” the Pakistani consulate in Jeddah said in a statement. 

The IsDB is a multilateral and international financial development institution that aims to foster socio-economic development in Muslim member countries. Pakistan is also among the 56 members of the IsDB where the IsDB has invested in various projects. 

In March, Pakistan and the IsDB signed a financing agreement worth $200 million for the Sindh Flood Emergency Housing Reconstruction Project. The project aims to construct 700,000 houses, benefiting an estimated 4.2 million people in rural areas of the southern province, and will support the creation of 75,000 water, sanitation, and hygiene facilities for over 1.3 million individuals.

The Bank announced a $100 million loan to support Pakistan’s polio eradication efforts in December 2023, on the sidelines of the COP28 United Nations climate summit in Dubai. 

After the devastating floods of 2022 killed 1,700 people and inflicted losses worth $30 billion on Pakistan, the IsDB pledged $4.2 billion for the South Asian country over the next three years.


Pakistani, Saudi investors to set up $5 million edible oil refinery in Kingdom — Pakistan trade official

Updated 28 May 2024
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Pakistani, Saudi investors to set up $5 million edible oil refinery in Kingdom — Pakistan trade official

  • Official says the joint venture is expected to be signed in next six months and it will allow export of 50 percent edible oil
  • Saudi authorities are offering land and other facilities to investors to encourage investment in the Kingdom, he adds

KARACHI: Pakistani and Saudi investors are establishing a $5 million edible oil refinery in Saudi Arabia through a joint venture (JV), a senior Pakistani trade official said on Tuesday, following recent business-to-business interactions between the two countries.

The development comes weeks after a 50-member, high-level delegation, led by the Kingdom’s Assistant Minister of Investment Ibrahim Al-Mubarak, arrived in Pakistan to explore investment opportunities in the South Asian country.

Pakistan and Saudi Arabia have been working closely in recent weeks to increase bilateral trade and investment deals, with Crown Prince Mohammed bin Salman last month reaffirming the Kingdom’s commitment to expedite an investment package of $5 billion.

“We are putting up an edible oil refinery in Saudi Arabia with the local partners. We have shared the feasibility with each other, and we will sign [an agreement] very soon,” Atif Ikram Sheikh, president of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), told Arab News on Tuesday. “There will be a joint venture.”

Ikram, who runs edible oil refineries and other businesses in Pakistan, informed that the project cost would be equally shared by investment partners, including himself.

“The project cost will be $5 million and we will share the cost together and this would be materialized within six months,” he said, adding the Saudi authorities were offering land and other facilities for the refinery. 

Saudi Arabia is currently consolidating its economy on modern lines under Vision 2030, a strategic development framework intended to cut the Kingdom’s reliance on oil. Under the framework, the Kingdom is also encouraging investment in diversified sectors to increase its export base.

“Their [Saudi authorities] condition is to maximize oil export up to 50 percent, while the rest you can sell in the local market,” Sheikh said.

The FPCCI chief said Saudi Arabia’s interest in Pakistan’s diversified sectors was “constantly increasing” and both sides had made tangible progress, including Saudi investment inflows in oil, agriculture and other sectors. 

In December last year, Aramco, one of the world’s leading integrated energy and chemicals companies, signed an agreement to acquire a 40 percent equity stake in Gas & Oil Pakistan that followed the signing of an agreement in November 2023 by Shell Pakistan (SPL) with Saudi Arabia’s Wafi Energy to sell its domestic operations after Shell Petroleum Company announced its exit from Pakistan with the sale of 77 percent shareholding in the local business.

Pakistani traders also expect further inflow of investment from the Gulf countries.

The FPCCI president said Pakistan’s Special Investment Facilitation Council (SIFC), a body consisting of Pakistani civilian and military leaders and specially tasked to promote foreign investment in Pakistan, is playing a crucial role in boosting investment in the South Asian country. 

The council, established in June last year, is focusing on investments in energy, agriculture, mining, information technology and aviation sectors, specifically targeting the Gulf nations.


Pakistan PM says ‘deeply concerned’ about Israeli strikes on Rafah, deplores violation of international law

Updated 28 May 2024
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Pakistan PM says ‘deeply concerned’ about Israeli strikes on Rafah, deplores violation of international law

  • Israeli tanks reached the center of Rafah for the first time on Tuesday, three weeks into an operation that has sparked global condemnation
  • Shehbaz Sharif says Pakistan strongly condemns Israel’s bombardment of Rafah, urges international community, particularly UN, to play role

ISLAMABAD: Pakistan Prime Minister Shehbaz Sharif said on Tuesday he was “deeply concerned” about Israeli strikes on the southern Gaza city of Rafah, deploring repeated violations of the international law by the Jewish state.

Israeli tanks reached the center of Rafah for the first time on Tuesday, witnesses said, three weeks into a ground operation in the southern Gaza city that has sparked global condemnation.

Overnight, Israeli forces pounded the city with airstrikes and tank fire, pressing their offensive despite an international outcry over an attack on Sunday that sparked a blaze in a tent camp, killing at least 45 Palestinians.

Sunday’s attack on the Rafah refugee camp came two days after the International Court of Justice (ICJ) ordered Israel to end its military offensive in Rafah, where more than half of Gaza’s population had sought shelter before Israel’s incursion earlier this month.

“Deeply concerned by the disturbing developments in Rafah. Pakistan strongly condemns Israel’s indiscriminate bombardment that has led to heavy casualties,” PM Sharif said on X.

“It is deplorable that international law is being repeatedly violated, despite ICJ’s recent clear verdict against Israel.”

The case against Israel was initiated by South Africa in December 2023, where it labeled Israel’s actions in the Gaza Strip as “genocidal,” asserting that they intended to destroy the Palestinian people in ways specified under the 1948 Genocide Convention.

Pakistan does not recognize the state of Israel and calls for an independent Palestinian state based on “internationally agreed parameters” and the pre-1967 borders with Al-Quds Al-Sharif as its capital.

In recent months, the South Asian country has repeatedly raised the issue of Israel’s war on Gaza, launched last October, at the United Nations through its permanent representative, Ambassador Munir Akram.

“The international community, particularly the UN, must play its part in protecting civilians from such brutal aggression,” PM Sharif said in his statement on X.

The war on Gaza broke out after Hamas attacks on Israel on October 7, which killed more than 1,100 people, in response to the deteriorating condition of Palestinian people living under Israeli occupation.

Israel launched a retaliatory offensive, widely viewed as disproportionate, in which more than 35,000 Palestinians, mostly women and children, have lost their lives, according to the Palestinian Health Ministry.


Pakistan PM calls for minimizing load shedding amid heatwave, urges steps against power theft

Updated 28 May 2024
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Pakistan PM calls for minimizing load shedding amid heatwave, urges steps against power theft

  • Power outages are not uncommon in Pakistan during the summer months when the demand on the national grid spikes sharply
  • Pakistan’s power sector has also been plagued by high rates of power theft and distribution losses, leading to huge debts

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday urged authorities to minimize load shedding in Pakistan amid an ongoing heatwave and to take steps against power theft in the country, his office said.

The directives were issued during a meeting Sharif presided over in Islamabad to review the supply of electricity, load management and measures against power theft in parts of the country.

Power outages are not uncommon in Pakistan during the summer months when the demand on the national grid spikes sharply due to the widespread use of air conditioners and desert coolers.

These seasonal surges often lead to prolonged power outages, which fuel public discontent, particularly during the intense heatwaves that have swept across Pakistan in recent years.

“The situation of [power] load management in extreme heat should be improved, keeping the convenience of the public in view,” Sharif was quoted as saying by his office.

“Provincial governments and law enforcement agencies should fully support the anti-electricity theft campaign.”

The South Asian nation’s power sector has been plagued by high rates of power theft and distribution losses, resulting in accumulating debts across the production chain — a concern also raised by the International Monetary Fund (IMF) during recent bailout talks.

The government of PM Sharif has recently launched a campaign to curb power theft in the country to avoid huge financial losses.

The prime minister said he would personally review progress on the drive against power theft, urging authorities to ensure that consumers were not charged excessive bills.

“The national interest and the development and prosperity of the country require that all the government institutions perform their responsibilities effectively against electricity theft,” he added.


Climate change caused 26 extra days of extreme heat in last year — report

Updated 28 May 2024
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Climate change caused 26 extra days of extreme heat in last year — report

  • In total, 76 extreme heatwaves were registered in 90 countries on every continent except Antarctica
  • Already this year, extreme heatwaves have afflicted swathes of the globe from Mexico to Pakistan

PARIS: The world experienced an average of 26 more days of extreme heat over the last 12 months that would probably not have occurred without climate change, a report said on Tuesday.

Heat is the leading cause of climate-related death and the report further points to the role of global warming in increasing the frequency and intensity of extreme weather around the world.

For this study, scientists used the years 1991 to 2020 to determine what temperatures counted as within the top 10 percent for each country over that period.

Next, they looked at the 12 months to May 15, 2024, to establish how many days over that period experienced temperatures within — or beyond — the previous range.

Then, using peer-reviewed methods, they examined the influence of climate change on each of these excessively hot days.

They concluded that “human-caused climate change added — on average, across all places in the world — 26 more days of extreme heat than there would have been without it.”

The report was published by the Red Cross Red Crescent Climate Center, the World Weather Attribution scientific network and the nonprofit research organization Climate Central.

2023 was the hottest year on record, according to the European Union’s climate monitor, Copernicus.

Already this year, extreme heatwaves have afflicted swathes of the globe from Mexico to Pakistan.

The report said that in the last 12 months some 6.3 billion people — roughly 80 percent of the global population — experienced at least 31 days of what is classed as extreme heat.

In total, 76 extreme heatwaves were registered in 90 different countries on every continent except Antarctica.

Five of the most affected nations were in Latin America.

The report said that without the influence of climate change, Suriname would have recorded an estimated 24 extreme heat days instead of 182; Ecuador 10 not 180; Guyana 33 not 174, El Salvador 15 not 163; and Panama 12 not 149.

“(Extreme heat) is known to have killed tens of thousands of people over the last 12 months but the real number is likely in the hundreds of thousands or even millions,” the Red Cross said in a statement.

“Flooding and hurricanes may capture the headlines but the impacts of extreme heat are equally deadly,” said Jagan Chapagain, secretary general of the International Federation of the Red Cross.