ISLAMABAD: The renovation of Qaddafi Stadium in Pakistan’s eastern Lahore city is close to completion, with all major structural work finished and final touches being applied ahead of the upcoming ICC Champions Trophy, Pakistani state media reported this week.
The Pakistan Cricket Board (PCB) has been renovating stadiums in Lahore and Karachi in preparation for the 2025 Champions Trophy scheduled to take place in February across three venues: Lahore, Karachi, and Rawalpindi. This will be the first ICC tournament held in Pakistan since the 1996 World Cup.
Pakistani fans have long expressed dissatisfaction with the country’s stadiums, particularly the National Bank Stadium in Karachi, citing a lack of basic facilities and a subpar viewing experience for spectators. In May last year, PCB Chairman Mohsin Naqvi directed officials to immediately hire an international consultant to upgrade Qaddafi Stadium in Lahore, National Bank Stadium in Karachi and Rawalpindi Cricket Stadium.
The PCB chairman visited Qaddafi Stadium on Monday to assess the progress of the renovation project and inspected construction of floors of the main building and top tiers of general enclosures, the Associated Press of Pakistan (APP) news agency reported.
“The up-gradation of Qaddafi stadium is all but complete as 100 percent grey structure work has been completed while finishing work is being undertaken at a rapid pace,” the report said, citing the PCB chairman.
Qaddafi Stadium is set to transform into a world-class facility, featuring over 34,000 seats, brand-new scoreboards on both sides and state-of-the-art floodlights, ensuring exceptional visibility for both players and spectators after sunset, according to the report.
Naqvi praised workers for keeping the project’s completion on track despite the challenging winter conditions and dense fog.
“We are committed to delivering a fully renovated and modernized Qaddafi Stadium before the ICC Champions Trophy,” he said. “It will stand as a symbol of excellence and pride for Pakistan cricket.”
The ICC Champions Trophy 2025 will take place from February 19 till March 9, with matches hosted across Pakistan and Dubai in a hybrid model.
The tournament’s structure follows a compromised decision after India refused to play in Pakistan, citing “security concerns.” Exercising its rights as the host nation, Pakistan designated Dubai as the neutral venue for India’s matches, ensuring all teams’ participation.
In Pakistan, Karachi, Lahore and Rawalpindi will host three group-stage games each. Lahore is also set to host the second semifinal. Dubai will host all three of India’s group matches and the first semifinal, should India qualify.
The tournament opener on Feb. 19 will feature Pakistan taking on New Zealand in Karachi, while India will face Bangladesh in Dubai on Feb. 20.
This will be the ninth edition of the ICC Champions Trophy, after an eight-year hiatus. The last tournament took place in England in 2017. The event will feature top eight teams in world cricket competing for one of the sport’s most prestigious titles.
Qaddafi Stadium renovation nears completion ahead of next month’s Champions Trophy in Pakistan
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Qaddafi Stadium renovation nears completion ahead of next month’s Champions Trophy in Pakistan
- The stadium will feature over 34,000 seats, brand-new scoreboards and state-of-the-art floodlights
- The ICC Champions Trophy is set to begin on Feb. 19 in Karachi with Pakistan taking on New Zealand
Pakistan stock market crosses record 174,000 points during intraday trading
- Pakistan Finance Adviser Khurram Schehzad says stock market’s equity investor base has increased by over 120,000 in last 18 months
- Official says stock market’s record levels reflect growing investor confidence supported by continued macro stability and key reforms
ISLAMABAD: The Pakistan Stock Exchange (PSX) crossed a record 174,000 points on Monday, Finance Adviser Khurram Schehzad said, marking a strong start to the business week.
According to the data available on the PSX’s official website, the KSE-100 benchmark reported 174,411.72 points during the intraday trading on Monday morning.
“Another milestone for Pakistan’s equity market,” Schehzad wrote on social media platform X. “The KSE-100 Index has crossed 174,400 points, marking yet another record high.”
Pointing out the stock market’s achievements this year, Schehzad said the PSX has delivered 50 percent plus returns in US dollar terms to investors since January this year, “making it one of the best markets in Asia.”
He noted that investors’ participation in the PSX is rising fast, adding that the equity investor base has increased by over 120,000 to cross the 450,000 figure in the last 18 months, marking a 37 percent increase.
“These record levels reflect growing investor confidence, supported by continued macro stability, key reforms, and improving prospects for more sustainable, higher future growth,” he said.
Pakistan’s stocks have surged in recent years, marking a strong performance this year as Islamabad moves to consolidate its financial recovery after years of economic turbulence, which saw it on the verge of a sovereign default in June 2023.
Pakistan’s foreign exchange reserves have surged past the $21 billion mark, as per the central bank’s latest data.
In recent years, the South Asian country has also implemented tough structural reforms under the International Monetary Fund (IMF) loan programs, aimed at reducing fiscal deficits and restoring investor confidence.
