ODI World Champions Australia arrive in Pakistan for Champions Trophy tournament 

Australia’s Xavier Bartlett (C) celebrates with teammates after dismissing Pakistan's Babar Azim during the second Twenty20 international cricket match between Australia and Pakistan at the Sydney Cricket Ground (SCG) in Sydney on November 16, 2024. (AFP/File)
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Updated 17 February 2025
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ODI World Champions Australia arrive in Pakistan for Champions Trophy tournament 

  • Australia will kick off Champions Trophy campaign by facing England in Lahore on Feb. 22
  • Injuries have ruled out matchwinners Cummins, Starc, Hazlewood and Marsh from event 

ISLAMABAD: Led by their captain Steve Smith, the Australian cricket team arrived in Pakistan for the 2025 ICC Champions Trophy tournament on Monday, the Pakistan Cricket Board (PCB) said days before they are scheduled to take on England in the 50-over event. 

The Australian cricket team will arrive in Pakistan in two batches, the PCB said. A 14-member squad comprising Australian coaches, captain Smith and the sports staff reached Lahore from Colombo via Dubai while a 17-member squad, including 15 players of the Australian cricket team, will arrive in Lahore at 8 am on Monday, the board said.

“Australia will play their first match in the ICC Champions Trophy against arch-rivals England on Feb. 22 at the Gaddafi Stadium in Lahore,” the PCB said. 

The Australian cricket team has arrived in Pakistan after suffering a 2-0 away ODI series defeat against Sri Lanka. Smith’s squad lost the first ODI to Sri Lanka by 49 runs on Feb. 12 before losing the second one as well on Feb. 14 by a huge 174 runs. 

Before that, the 2023 World Cup winners lost a home ODI series to Pakistan 2-1 in November last year, with Pakistan’s pace attack and opening batter Saim Ayub demolishing the Australians to take home their first away series in the country in 22 years. 

Injuries have also impacted the Australian cricket team ahead of the key Champions Trophy tournament. Smith’s squad will be without matchwinners Mitchell Starc, regular skipper Pat Cummins and key seamer Josh Hazlewood, and all-rounder Mitch Marsh. Cummins, Hazlewood and Marsh have been ruled out of the tournament due to injuries while Starc has pulled away due to personal reasons. The surprise retirement of Marcus Stoinis has forced Australia to call-up back-up players. 

After facing England in Lahore on Feb. 22, Australia are set to clash against South Africa in Rawalpindi on Feb. 25 before heading back to Lahore to face Afghanistan on Feb. 28. 

Squad: Steve Smith (c), Sean Abbott, Alex Carey, Ben Dwarshuis, Nathan Ellis, Jake Fraser-McGurk, Aaron Hardie, Travis Head, Josh Inglis, Spencer Johnson, Marnus Labuschagne, Glenn Maxwell, Tanveer Sangha, Matthew Short, Adam Zampa. Traveling reserve: Cooper Connolly


Pakistan’s first non-life Shariah-compliant takaful operator plans share sale in January

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Pakistan’s first non-life Shariah-compliant takaful operator plans share sale in January

  • Pak-Qatar General Takaful Limited plans to raise up to $1.5 million through initial public offering
  • Institutional investors will get 75% of shares, while the remaining 25% will go to retail investors

KARACHI: Pakistan’s first dedicated non-life Shariah-compliant takaful operator said on Monday it will launch an initial public offering this month, seeking to raise up to Rs 420 million ($1.5 million) as Islamic finance gains traction in the country’s capital markets.

The company, Pak-Qatar General Takaful Limited, said 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% of the shares on offer, while the remaining 25% will be allocated to retail investors.

“Arif Habib Limited has been mandated by Pak-Qatar General Takaful Limited to act as the consultant and book runner for raising funds through the initial public offering,” it announced in a statement.

The book-building process for the offering will take place on Jan. 21-22, it added, with investor registration opening on Jan. 16, while public subscriptions are scheduled for Jan. 28-29.

The offering follows the recent listing of Pak-Qatar Family Takaful Limited, which raised Rs 901 million ($3.23 million) last month in Pakistan’s first Islamic insurance sector IPO, an issue that was oversubscribed several times.

Proceeds from the IPO will be used to strengthen the company’s capital base and support investments in technology, infrastructure and branch expansion, said the statement.

Pak-Qatar General Takaful Limited is part of Pakistan’s pioneer Islamic financial services group and is backed by Qatar-based financial institutions.