KARACHI: The Pakistan Cricket Board (PCB) on Tuesday opened the newly renovated National Bank Stadium in Karachi, ahead of the 50-over Champions Trophy tournament.
The facility features world-class dressing rooms for players and match officials, complemented by high-quality hospitality rooms, according to the PCB.
In addition to the new pavilion, 350 LED lights and two digital replay screens have been installed at the stadium to improve broadcast quality, besides the addition of over 5,000 new chairs to enhance spectator comfort.
The eight-team Champions Trophy will be staged from February 19 to March 9 in Lahore, Karachi and Rawalpindi, although arch-rival India’s matches will be staged in the United Arab Emirates after they refused to play in Pakistan.
“This upgrade is a testament to our vision of elevating Pakistan’s cricketing venues to international standards,” PCB Chairman Mohsin Naqvi said in a statement.
“The National Bank Stadium, which last saw a major overhaul during the 1996 World Cup, now stands as a modern, world-class facility that will not only host domestic and international matches but also provide players and fans with a top-tier experience.”
Pakistan last held a major tournament in 1996, when it co-hosted the World Cup with India and Sri Lanka, before a forced hiatus over security concerns.
Nearly 5,000 dedicated workers contributed tirelessly to transforming the Karachi stadium, ensuring its full operational readiness for the upcoming ICC Champions Trophy 2025.
Naqvi said the “incredible” workforce behind the stadium’s transformation deserved immense appreciation.
“Their hard work has made it possible for us to proudly present the National Bank Stadium as a world-class venue, ready to welcome top cricketing action,” he added.
Last week, Pakistan also opened the Gaddafi Stadium in Lahore after a 117-day renovation work, during which LED floodlights, larger score screens, new hospitality boxes and upgraded seating were installed.
Pakistan inaugurates newly renovated Karachi stadium ahead of Champions Trophy
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Pakistan inaugurates newly renovated Karachi stadium ahead of Champions Trophy
- In addition to new pavilion, 350 LED lights, two digital replay screens and over 5,000 new chairs have been installed at the stadium
- Champions Trophy will be staged from Feb. 19 to Mar. 9 in Lahore, Karachi and Rawalpindi, while India will play their matches in the UAE
Rating firm S&P says it won’t rush Iran war downgrades, sees risks for countries like Pakistan
- Agency says it is monitoring indebted energy importers as higher oil prices strain finances
- Gulf economies seen better placed to weather shock, though Bahrain flagged as vulnerable
LONDON: S&P Global said it would not make any knee-jerk sovereign rating cuts following the outbreak of war in the Middle East, but warned on Thursday that soaring oil and gas prices were putting a number of already cash-strapped countries at risk.
The firm’s top analysts said in a webinar that the conflict, which has involved US and Israeli strikes against Iran and Iranian strikes against Israel, US bases and Gulf states, was now moving from a low- to moderate-risk scenario.
Most Gulf countries had enough fiscal buffers, however, to weather the crisis for a while, with more lowly rated Bahrain the only clear exception.
Qatar’s banking sector could also struggle if there were significant deposit outflows in reaction to the conflict, although there was no evidence of such strains at the moment, they said.
“We don’t want to jump the gun and just say things are bad,” S&P’s head global sovereign analyst, Roberto Sifon-Arevalo, said.
The longer the crisis was prolonged, though, “the more difficult it is going to be,” he added.
Sifon-Arevalo said Asia was the second-most exposed region, due to many of its countries being significant Gulf oil and gas importers.
India, Thailand and Indonesia have relatively lower reserves of oil, while the region also had already heavily indebted countries such as Pakistan, Bangladesh and Sri Lanka whose finances would be further hurt by rising energy prices.
“We are closely monitoring these (countries) to see how the credit stories evolve,” Sifon-Arevalo said.
