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ICC dismisses PCB's plea against Indian Cricket board in compensation case

Haider Ali 02:46 PM | 20 Nov, 2018
ICC dismisses PCB's plea against Indian Cricket board in compensation case
LONDON - The International Cricket Council has dismissed Pakistan Cricket Board’s case against the Indian cricket board (BCCI) over the latter's refusal to play a bilateral cricket series.

“The Dispute Panel formed under the Terms of Reference of the ICC Disputes Resolutions Committee (DRC), the International Cricket Council has announced the outcome of the recent DRC proceedings between the BCCI and the PCB," said a press release by the governing body.

The plea of PCB was struck down after a three-day hearing, detailed oral and written submissions; the verdict is binding and non-appealable.

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PCB and BCCI were engaged in a dispute over an agreement signed in April 2014 to play bilateral matches. The MOU was part of a deal between the two boards under which Pakistan supported the Big Three governance and financial model in the ICC.

According to PCB, India did not comply with the agreement prompting the cricket board to move cricket's governing body last November claiming damages from the BCCI.

The PCB had demanded 70 million dollars as compensation from India. In its plea, PCB highlighted that as per a memorandum of understanding six bilateral series had to be played between 2015 and 2023.

India, however, did not honour its commitment citing different concerns from security to political launch.

India-Pakistan ties deteriorated after the 2008 militant attacks in Mumbai.

Unfortunately, the Green Shirts played two Twenty20s and three one-day internationals in December 2012 and January 2013, however, there has been just one bilateral tour since then.

Haider Ali

The writer is a civil servant.

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KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on February 1, 2023 (Wednesday).

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 269.9 272.85
Euro EUR 290.22 290.82
UK Pound Sterling GBP 330.48 331.18
U.A.E Dirham AED 72.78 73.08
Saudi Riyal SAR 71.23 71.53
Australian Dollar AUD 190 193
Bahrain Dinar BHD 702.68 710.68
Canadian Dollar CAD 201.75 205
China Yuan CNY 39.15 39.55
Danish Krone DKK 38.6 39
Hong Kong Dollar HKD 33.72 34.07
Indian Rupee INR 3.24 3.35
Japanese Yen JPY 2.5 2.54
Kuwaiti Dinar KWD 865.31 874.31
Malaysian Ringgit MYR 62.24 62.84
New Zealand Dollar NZD 171.35 173.35
Norwegians Krone NOK 26.76 27.06
Omani Riyal OMR 686.49 694.49
Qatari Riyal ‎QAR 72.58 73.28
Singapore Dollar SGD 201.2 203.2
Swedish Korona SEK 25.45 25.75
Swiss Franc CHF 286.19 288.69
Thai Bhat THB 8.06 8.21

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs202,000 on Wednesday. The price of 10 grams of 24k gold was recorded at Rs173,190.

Likewise, 10 grams of 22k gold were being traded for Rs164,500 while a single tola of 22-karat gold was being sold at Rs 179,100.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

City Gold Silver
Lahore PKR 202,000 PKR 2,390
Karachi PKR 202,000 PKR 2,390
Islamabad PKR 202,000 PKR 2,390
Peshawar PKR 202,000 PKR 2,390
Quetta PKR 202,000 PKR 2,390
Sialkot PKR 202,000 PKR 2,390
Attock PKR 202,000 PKR 2,390
Gujranwala PKR 202,000 PKR 2,390
Jehlum PKR 202,000 PKR 2,390
Multan PKR 202,000 PKR 2,390
Bahawalpur PKR 202,000 PKR 2,390
Gujrat PKR 202,000 PKR 2,390
Nawabshah PKR 202,000 PKR 2,390
Chakwal PKR 202,000 PKR 2,390
Hyderabad PKR 202,000 PKR 2,390
Nowshehra PKR 202,000 PKR 2,390
Sargodha PKR 202,000 PKR 2,390
Faisalabad PKR 202,000 PKR 2,390
Mirpur PKR 202,000 PKR 2,390

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