ISLAMABAD: Pakistan crashed out of the Twenty20 World Cup on Friday after rain abandoned a game between the USA and Ireland and points were split between the two.
While the USA qualified for the Super Eight alongside India from Group A and sealed a place in the 2026 T20 World Cup as well, Pakistan suffered a humiliating exit from the showpiece tournament.
This is the earliest Pakistan have ever been knocked out of a T20 World Cup, having played just three games before their fate was sealed. The Babar Azam-led arrived in the USA with no warm-up games scheduled and most of their practice sessions were canceled due to rain.
Pakistan were punished by the home team in their opening fixture as the USA defeated them in the Super Over. Pakistan later fell apart chasing 120 runs against archrivals India and lost the game by six runs, which disappointed cricket fans back home.
“Cricket is like an escape for us, from our daily routine, from our daily lives, things that cause us problems,” Mohammad Hisham Raja, a 24-year-old fan, said after Pakistan’s loss to India.
“So this is an escape, but there are more problems for us in this one [cricket] as well. So they [Pakistan cricket fans] are feeling sad.”
Cricket in Pakistan is not just a sport but is deeply embedded in the nation’s identity and constitutes a significant source of pride. The performance of Pakistan’s team not only influences the collective mood but also acts as a barometer of national esteem, with victories celebrated as monumental achievements and defeats often taken to heart by the populace.
Following the defeat against India, a lawyer in Pakistan’s Gujranwala city also filed a petition against the national team, seeking treason charges against the players for their lackluster performance in the ongoing World Cup, according to local media reports.
The petitioner expressed deep concern over the disappointing performance of the national cricket team, calling it a waste of money and a betrayal of the nation’s trust.
The loss to India left Pakistan depending on other results, particularly the outcome of the game in Lauderhill between USA and Ireland. Ireland’s win would have kept Pakistan hopes alive, while any other outcome giving USA an unassailable lead over Pakistan on the points table.
Pakistan won their only game against Canada and still have one game left to play against Ireland, who were also eliminated as a result of Friday’s washout.
Pakistan also suffered group-stage eliminations in 2014 and 2016, but reached at least the semifinals on every other occasion. Pakistan along with England have reached the finals for a record number of times and won the title in 2009.
Pakistan knocked out of T20 World Cup after rain abandons USA-Ireland game
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Pakistan knocked out of T20 World Cup after rain abandons USA-Ireland game
- Pakistan suffered humiliating defeats against the USA and India
- This is the earliest Pakistan have ever gone out of tournament
Pakistan’s first non-life Shariah-compliant takaful operator says ‘historic’ IPO oversubscribed 21 times
- Pak-Qatar General Takaful Limited offered 30 million shares to investors with ceiling price of Rs14 per share
- Company says IPO proceeds will be used for investments in software, infrastructure, setting up new branches
ISLAMABAD: Pakistan’s first non-life Shariah-compliant takaful operator announced on Thursday that its initial public offering (IPO) was oversubscribed 21 times at the country’s stock exchange, saying the development reflected strong investor confidence in the Islamic insurance system.
The Pak-Qatar General Takaful Limited said earlier this month 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 percent of the shares on offer, while the remaining 25 percent will be allocated to retail investors, it added.
“Pak-Qatar General Takaful Limited’s (PQGTL) IPO book-building has concluded with a historic oversubscription of [21x] times, marking the first-ever IPO of a dedicated General Takaful company at PSX,” the company said in a statement.
It said investors responded “strongly” as the strike price closed at Rs 14 per share, compared to the floor price of Rs 10. Total demand reached Rs 4.74 billion [$17 million].
The company said successful bidders will be provisionally allotted 22.5 million shares while the remaining 7.5 million shares will be offered to retail investors on Jan. 28-29.
Shahid Ali Habib, CEO of Arif Habib Ltd., which was the lead manager for the IPO, said that country’s first-ever IPO of any dedicated general takaful company, has made a historic debut at PSX.
Habib said this reflects investor confidence in Pakistan’s fast-growing takaful sector and PQGTL’s strong market position.
The statement further said proceeds from the IPO will be utilized to fund strategic initiatives, such as investments in software and other intangible assets, hardware and infrastructure, marketing and brand development and human resource enhancement.
Proceeds will also be used to establish new branches and transform existing ones to improve operational efficiency and customer experience, it added.
Pak-Qatar General Takaful Limited is part of Pakistan’s pioneer Islamic financial services group and is backed by Qatar-based financial institutions.










