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Govt to finance training of Tokyo-bound athletes

Sports
January 10, 2021
KARACHI: In a major development, Pakistan Sports Board (PSB) has decided to finance training and related matters of all those athletes who have qualified for this year’s Tokyo Olympics.
This correspondent has learnt that in the PSB Exco meeting held last month in Islamabad it was decided that training of three shooters and athlete Arshad Nadeem would be financed while Melbourne-based equestrian Usman Khan would be compensated for the purchase of the new horse. Usman’s previous horse Azad Kashmir died last year.
The PSB informed the Equestrian Federation of Pakistan (EFP) through a letter on January 4 that the PSB Executive Committee has decided to compensate Usman for the purchase of the new horse. The EFP has also been advised by the PSB to inform it of the cost of the new horse purchased by Usman for the purpose. ....

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South Africa-bound Pakistan women's team clear pre-departure COVID-19 testing

The women’s team will depart for Durban, South Africa, on Monday ....

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Rupee likely to remain range-bound

Business
December 27, 2020
KARACHI: Rupee traded range-bound during the week as demand for hard currency remained mostly subdued among importers on account of year end getting closer, traders said.
The rupee would expectedly hover between 159.80 and 160.30 against the dollar in the interbank market next week, they said.
“Importers and the corporate sector usually are reluctant to take fresh positions during the last week of the year, curbing the appetite for the greenback. If any demand emerges, it is likely to be outstripped by inflows available in the market,” said a foreign exchange trader at a commercial bank. The rupee rose 48 paisas to close at 160.32 versus the greenback during the four sessions of outgoing week. ....

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Research and Ranking' strategy helps to create wealth

Share markets in India and share prices never move in a straight line because of market volatility. This simply means every correction in the share prices offer ....

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