ISLAMABAD: Pakistan street football team on Friday lost the semifinal of Norway Cup to Club Forde 3-4, bowing out of this year’s tournament.
The match between Pakistan and the Norwegian club ended in a 1-1 draw, after going into extra time. Mohammad Adeel scored the equalizer goal for Pakistan in the second half.
The game was ultimately decided on penalty shootouts, wherein Club Forde edged Pakistan out.
“Despite the loss, the team showcased remarkable resilience and skill,” Muslim Hands Pakistan, a non-government organization that has sponsored Pakistani street footballers, said in a statement on Saturday.
Pakistan were eager to lift the title this time after having finished as runners-up in the last edition. Their loss to Club Forde reminded of last year’s final where the Green Shirts also faced a heartbreaking defeat in penalty shootouts.
The Pakistan team will now compete for the third position against Norway’s Sutra Club today, Saturday.
In 2022, Pakistan finished runners-up in the Street Child World Cup in Qatar. They were also the runners-up in the previous edition in Russia in 2018 and finished third in the 2014 edition in Brazil.
Pakistan out of Norway Cup title race after losing semifinal to Club Forde
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Pakistan out of Norway Cup title race after losing semifinal to Club Forde
- The match between Pakistan side and Norway’s Club Forde ended in a 1-1 draw, after going into extra time
- The game was ultimately decided on penalty shootouts, wherein the Norwegian club edged Pakistan out 4-3
Pakistan, ADB sign $730 loan agreements to boost SOE reforms, energy infrastructure
- Both sign $330 million Power Transmission Strengthening Project and $400 million SOE Transformation Program loan agreements
- Economic Affairs Division official says Transmission Project will secure Pakistan’s energy future by strengthening national grid’s backbone
KARACHI: Pakistan and the Asian Development Bank (ADB) on Thursday signed two loan agreements totaling $730 million to boost reforms in state-owned enterprises (SOEs) and energy infrastructure in the country, the bank said.
The first of the two agreements pertains to the SOE Transformation Program worth $400 million while the second loan, worth $330 million, is for a Power Transmission Strengthening Project, the lender said.
The agreements were signed by ADB Country Director for Pakistan Emma Fan and Pakistan’s Secretary of Economic Affairs Division Humair Karim.
“The agreements demonstrate ADB’s enduring commitment to supporting sustainable and inclusive economic growth in Pakistan,” the ADB said.
Pakistan’s SOEs have incurred losses worth billions of dollars over the years due to financial mismanagement and corruption. These entities, including the country’s national airline Pakistan International Airlines, which was sold to a private group this week, have relied on subsequent government bailouts over the years to operate.
The ADB approved the $400 million loan for SOE reforms on Dec. 12. It said the program seeks to improve governance and optimize the performance of Pakistan’s commercial SOEs.
Karim highlighted that the Power Transmission Strengthening Project will enable reliable evacuation of 2,300 MW from Pakistan’s upcoming hydropower projects, relieve overloading of existing transmission lines and enhance resilience under contingency conditions, the Press Information Department (PID) said.
“The Secretary emphasized that both initiatives are transformative in nature as the Transmission Project will secure Pakistan’s energy future by strengthening the backbone of the national grid whereas the SOE Program will enhance transparency, efficiency and sustainability of state-owned enterprises nationwide,” the PID said.
The ADB has supported reforms by Pakistan to strengthen its public finance and social protection systems. It has also undertaken programs in the country to help with post-flood reconstruction, improve food security and social and human capital.
To date, ADB says it has committed 764 public sector loans, grants and technical assistance totaling $43.4 billion to Pakistan.
