DUBAI – The International Cricket Council (ICC) announced on Friday that an overall $10 million pot has been set aside for the ICC Men's Cricket World Cup 2023 in India.
The winners of the Men's Cricket World Cup 2023 are set to receive $4 million of the $10 million total prize pool, ICC announced on 22 September. The runners-up of the Final to be played on 19 November at the Narendra Modi Stadium in Ahmedabad will take home $2 million.
All 10 teams will play each other once in a round-robin format in the Group Stage, with the top four in the points table progressing to the semi-finals.
There's prize money up for grabs for winning their Group Stage games as well, with teams getting $40,000 for every victory. At the end of the Group Stage, teams that fail to reach the knockouts will each get $100,000.
The prize money also sets the precedent for the upcoming ICC Women's Cricket World Cup in 2025, with ICC announcing equal sums for both men's and women's events during the Annual Conference held in Durban, South Africa in July 2023.
The breakdown of prize money allocations is as follows:
A total of 10 teams will be vying for the coveted World Cup trophy in the 13th edition of the marquee event. India qualified by virtue of being hosts while New Zealand, England, Bangladesh, Pakistan, Australia, Afghanistan and South Africa progressed from the Super League.
Sri Lanka and the Netherlands had to grind it out in the Qualifier to progress to the World Cup.
The biggest men's event of the cricket calendar will span 48 matches across 10 venues, commencing on 5 October with the rematch of the Final of the previous edition between defending Champions England and New Zealand.
Before the start of the World Cup, each team will play two warm-up matches to get in the groove for the 46-day-long tournament.
Pakistani rupee continue to witness further losses against US dollar in the open market on despite positive economic indicators and massive surge in Stock Market.
On Tuesday, the dollar was being quoted at 285.1 for selling and 288.15 for buying purposes for customers.
Euro price moves down by Rs2 to 312 for buying and 315 for selling. British Pound rate stands at 358.5 for buying, and 362 for selling after increase.
UAE Dirham AED stands at 78 whereas the Saudi Riyal also witnessed fall and new price stands at 76.25.
|UK Pound Sterling||GBP||358.5||362|
|Hong Kong Dollar||HKD||36.24||36.59|
|New Zealand Dollar||NZD||173.44||175.44|
KARACHI – Gold continues to move upward in local market amid surge in international rates.
On Tuesday, the single tola of 24 Karat gold was available at Rs217,600, and the price for 10-gram gold saw increase of Rs943 to reach Rs186,557.
Globally, yellow metal went up by $12 to settle at $2,015 per ounce.
Last week, per tola gold price increased by Rs800 per tola, and it hovers around two month high.
|Lahore||PKR 217,600||PKR 2,600|
|Karachi||PKR 217,600||PKR 2,600|
|Islamabad||PKR 217,600||PKR 2,600|
|Peshawar||PKR 217,600||PKR 2,600|
|Quetta||PKR 217,600||PKR 2,600|
|Sialkot||PKR 217,600||PKR 2,600|
|Attock||PKR 217,600||PKR 2,600|
|Gujranwala||PKR 217,600||PKR 2,600|
|Jehlum||PKR 217,600||PKR 2,600|
|Multan||PKR 217,600||PKR 2,600|
|Bahawalpur||PKR 217,600||PKR 2,600|
|Gujrat||PKR 217,600||PKR 2,600|
|Nawabshah||PKR 217,600||PKR 2,600|
|Chakwal||PKR 217,600||PKR 2,600|
|Hyderabad||PKR 217,600||PKR 2,600|
|Nowshehra||PKR 217,600||PKR 2,600|
|Sargodha||PKR 217,600||PKR 2,600|
|Faisalabad||PKR 217,600||PKR 2,600|
|Mirpur||PKR 217,600||PKR 2,600|