PCB convenes emergency meeting to decide PSL8 fate

11:00 AM | 24 Feb, 2023
PCB convenes emergency meeting to decide PSL8 fate
Source: File photo

LAHORE – The Pakistan Cricket Board (PCB) has summoned an emergency meeting with the Pakistan Super League (PSL) franchise owners today (Friday) to deliberate moving the Lahore and Rawalpindi matches of the league to Karachi in order to save money as the Punjab government demanded Rs450 million for providing security to the matches that will be held in Lahore and Rawalpindi from Feb 26 and March 1 respectively.

The provincial government has submitted the bill of Rs450 million in addition to the already-paid amount of Rs50 million for the same purpose as per past practice of the PCB.

But this time, the caretaker government is asking for more. A report last week stated that the Punjab government had demanded a total amount of Rs800 million for matches that were being held in the province.

In stark contrast with the Punjab government, the Sindh government had asked for Rs30million for matches in Karachi.

Originally, Karachi was to host nine PSL games this season with its last scheduled game on February 26 when home team Karachi Kings will take on table toppers Multan Sultan at the National Bank Cricket Arena (NBCA).

As per the initial timetable, the remaining games of the league would move to Lahore and Rawalpindi from February 26 onwards.

Rawalpindi, with 11 games, has the hosting rights of most PSL 8 matches this season.

While the all-important playoffs and final of the tournament are scheduled to be played at Gaddafi Stadium, Lahore.

The final will be played on March 19.

Web Desk
Web Desk

Daily Pakistan Global Web Desk


Rupee below 290 against US dollar in interbank market

KARACHI – The Pakistani rupee on Tuesday continued its ascent, trading at less than Rs290 against the US dollar in the morning interbank market, primarily due to stringent measures in the financial sector.

The US dollar was valued at Rs289.78 around 9:48 am, as reported by the Forex Association of Pakistan, marking a decrease of Rs1.18 from the previous day’s closing rate of Rs290.86.

This ongoing rise in the value of the rupee follows the crackdown on illegal dollar trading initiated earlier this month, with strong support from the military.

In the open market, the rupee also made gains against the dollar, trading at Rs292 compared to the previous day’s rate of Rs293, according to the Exchange Companies Association of Pakistan.

Saad Bin Naseer, the director of the financial services platform Mettis Global, noted that this marked the 16th consecutive day of appreciation for the PKR, amounting to nearly a 6% increase.

Naseer attributed this surge primarily to administrative measures, stating that it seems the government’s crackdown on speculative elements contributing to rupee depreciation is having an effect.

He also suggested that if this trend persists and the Afghan border remains closed, the rupee could continue to appreciate in the future. However, he emphasized the importance of attracting foreign direct investment (FDI) into export-oriented sectors for long-term stability.

Gold Rate in Pakistan Today – September 26, 2023

Today Gold Rate in Pakistan

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 210,100 on Tuesday. The price of 10 grams of 24k gold was recorded at Rs180,130.

Likewise, 10 grams of 22k gold were being traded for Rs168,730 while a single tola of 22-karat gold was being sold at Rs196,807.

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.

Today Gold Price in Pakistan - 26 September 2023

City Gold Silver
Lahore PKR 210,100 PKR 2,587
Karachi PKR 210,100 PKR 2,587
Islamabad PKR 210,100 PKR 2,587
Peshawar PKR 210,100 PKR 2,587
Quetta PKR 210,100 PKR 2,587
Sialkot PKR 210,100 PKR 2,587
Attock PKR 210,100 PKR 2,587
Gujranwala PKR 210,100 PKR 2,587
Jehlum PKR 210,100 PKR 2,587
Multan PKR 210,100 PKR 2,587
Bahawalpur PKR 210,100 PKR 2,587
Gujrat PKR 210,100 PKR 2,587
Nawabshah PKR 210,100 PKR 2,587
Chakwal PKR 210,100 PKR 2,587
Hyderabad PKR 210,100 PKR 2,587
Nowshehra PKR 210,100 PKR 2,587
Sargodha PKR 210,100 PKR 2,587
Faisalabad PKR 210,100 PKR 2,587
Mirpur PKR 210,100 PKR 2,587


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