Latest news with #Rs145
Express Tribune
10-04-2025
- Sport
- Express Tribune
HBL PSL X: How much money will the winning team receive?
Listen to article The Pakistan Cricket Board (PCB) has announced the prize money for the upcoming 10th edition of the HBL Pakistan Super League (PSL), with the winning team set to receive USD 500,000 (approximately Rs145 million). The runner-up will earn USD 200,000 (around Rs56 million), the PCB confirmed on Thursday. HBL PSL X kicks off on Friday with an opening ceremony at Rawalpindi Cricket Stadium, followed by the tournament opener between defending champions Islamabad United and Lahore Qalandars. The T20 tournament will run until May 18, featuring six franchises across 34 matches. Gaddafi Stadium in Lahore will host 13 games, including both eliminators and the final. Rawalpindi Cricket Stadium will stage 11 matches, including the qualifier on May 13. Karachi's National Bank Stadium and Multan Cricket Stadium will host five matches each. Three double-headers are scheduled—two on Saturdays and one on Labour Day (May 1). Team leadership remains consistent with Babar Azam captaining Peshawar Zalmi, Shadab Khan leading Islamabad United, Muhammad Rizwan heading Multan Sultans, and Shaheen Shah Afridi in charge of Lahore Qalandars. Karachi Kings and Quetta Gladiators will play under new leadership this season, with David Warner and Saud Shakeel stepping in as captains, respectively. Last season, Islamabad United claimed their third PSL title, while Multan Sultans ended as runners-up for a third consecutive year.
Express Tribune
07-02-2025
- Business
- Express Tribune
Proposal to set up transport division abandoned
Listen to article ISLAMABAD: The government has dropped the idea of setting up a transport division by merging different entities under its rightsizing programme. According to sources, the proposal was discussed in a recent high-level meeting, chaired by Prime Minister Shehbaz Sharif. The meeting was informed that the committee on rightsizing had discussed in detail the idea of creating a transport division by merging the Aviation, Railways and Communications Divisions. However, it was felt that such an arrangement could create complexity and disperse focus. It was also observed that the merger of the Aviation Division with the Defence Division offered a neater and more strategically synergistic option, especially since aviation was a subject of the Defence Division until 2013. Institutional arrangements evolve with the emerging requirements and any future institutional configuration will be shaped by the imperatives of the time. Accordingly, the committee on rightsizing agreed with the proposal of merging the Aviation Division with the Defence Division. The committee had received a reference on January 10, 2025, which proposed the merger of Aviation and Defence Divisions. With emphasis that it was a strategic initiative aimed at reducing the financial burden and enhancing the efficiency of the federal government, it was argued that the proposed merger would eliminate redundancies in administrative costs such as salaries, office maintenance and operational expenses. It will integrate aviation-related budgets into a broader framework, avoiding duplication of resources while promoting efficient financial management. The merger will remove the overlapping functions in policy formulation and regulatory oversight, yielding significant cost savings aligned with the federal government's goal of fiscal prudence. Additionally, the merger will bridge the gap between civil and military aviation and enhance synergy in airspace management and operational coordination. It will also enhance civil-military cooperation in overseeing functions like air traffic control, airport security and aviation safety. The restructuring of the aviation wing will focus on catering to the needs arising after the creation of Pakistan Civil Aviation Authority and Pakistan Airports Authority. The meeting was further informed that bureaucratic delays would be reduced to enable faster implementation of the aviation policy and directives, and greater compliance with the international standards set by the International Civil Aviation Organisation (ICAO) would be achieved to strengthen Pakistan's global standing in the aviation sector. It was highlighted that the merger was in line with the national security objectives and supporting disaster response, international negotiations and the development of comprehensive policy frameworks. A rationalised organogram was included with the reference along with details of expected savings of up to Rs145 million per annum as a result of the merger. It was proposed that the administrative, human resources and financial rearrangements entailed by the merger may be worked out by the Defence Division in consultation with the Establishment and Finance Divisions. Following approval of the proposal, the cabinet may also approve the issuance of a Statutory Regulatory Order (SRO), subject to vetting by the Law and Justice Division. Accordingly, the approval of the cabinet was solicited for the proposals. During discussion, the cabinet observed that pursuant to the proposed merger, the Defence Division may be renamed appropriately. The cabinet considered the summary titled "Recommendations of the Committee on Rightsizing of the Federal Government – Merger of Aviation Division with Defence Division," submitted by the Cabinet Division, and approved the proposal with the observation that the Defence Division may be renamed appropriately.
Express Tribune
31-01-2025
- Business
- Express Tribune
Govt assures no sugar price hike during Ramadan
Listen to article Minister for Industries and Production Rana Tanveer Hussain has said sugar prices will not be allowed to increase during Ramadan, according to Radio Pakistan . Chairing a meeting to review sugar prices in Islamabad on Friday, he said providing relief to consumers during Ramadan is responsibility of the government. Hussain said sugar millers have been given a one-week time for consultation on sugar prices and final rates of the commodity will be announced on Thursday. The minister said farmers should be included in the profit and sugar millers should play their role in addressing production and financial issues of agriculturists. Earlier this week, the Utility Stores Corporation (USC) raised the price of sugar by Rs5 per kilogram. According to sources, the price of sugar at Utility Stores has been increased from Rs140 to Rs145 per kilogram. The decision to increase the price was made due to rising prices in the open market. However, despite this increase, sugar at Utility Stores remains cheaper than in the open market.
Express Tribune
28-01-2025
- Business
- Express Tribune
Sugar prices go up at utility stores
Listen to article The Utility Stores Corporation (USC) has raised the price of sugar by Rs5 per kilogram. According to sources, the price of sugar at Utility Stores has been increased from Rs140 to Rs145 per kilogram. The decision to increase the price was made due to rising prices in the open market. However, despite this increase, sugar at Utility Stores remains cheaper than in the open market. It is noteworthy that the Federal Cabinet formed a committee last week to assess the closure of Utility Stores operations. The Federal Minister for Industry and Production was appointed as the committee's head, and the Cabinet has instructed the committee to submit its report within a week. On the other hand, Punjab Chief Minister Maryam Nawaz Sharif chaired a meeting to review the launch of the ' Nigahban Ramadan Relief Package ,' aimed at supporting underprivileged families during Ramadan. CM Nawaz emphasized the importance of dignified distribution and avoiding long queues. Citizens can register online through the PSER portal or at over 4,000 registration centers across the province. The registration deadline is February 15, with the online process requiring personal details and a login password. A helpline and online portal will ensure transparency and accessibility for eligible families.
