Tuesday, 21 September, 2021 I 13 Safar, 1443 I Rs 15.00 I Vol XII No 82 I 12 Pages I Islamabad Edition
After New ZeAlANd, eNglANd cANcel pAkistAN cricket series As well
LONDON News Desk
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nGlAnd cricket chiefs on Monday cancelled upcoming men’s and women’s tours of Pakistan days after new Zealand abandoned their series over security concerns. The men’s side were due to play two Twenty20 internationals on October 13 and 14, with the women playing three one-day internationals on October 17, 19 and 21. All the matches were set to take place in Rawalpindi. “We can confirm that the Board has reluctantly decided to withdraw both teams from the October trip,” a tweet by the England Cricket Board said. The decision comes three days after new Zealand abandoned their tour of Pakistan citing a “security threat”, minutes before the first OdI match was scheduled to start at the Rawalpindi Cricket Stadium — a move that shocked Pakistani fans and officials. “The ECB Board convened this weekend to discuss these extra England Women’s and Men’s games in Pakistan and we can confirm that the
coroNAvirus iN
pAkistAN
CONFIRMED CASES:
1,226,008
LAST UPDATED AT 10:16 AM ON SEPTEMBER 20, 2021
DAY'S DEATH TOLL:
NEW CASES:
40
2,167
RECOVERED:
DEATHS:
1,135,038 27,246 SINDH:
PUNJAB:
450,787
422,790
KPK:
BALOCHISTAN:
171,388 AJK/GB:
32,769 ISLAMABAD:
33,787 / 10,245
104,242
Board has reluctantly decided to withdraw both teams from the October trip,” it added. “We know there are increasing concerns about travelling to the region,” it said while referring to Pakistan, adding that going ahead with the tour “will add further pressure to a playing group who have already coped with a long period of operating in restricted Covid environments”. According to the press release, there was an “added complexity” for England Men’s T20 squad. “We believe that touring under these conditions will not be ideal preparation for the ICC Men’s T20 World Cup, where performing well remains a top priority for 2021,” it explained. “We understand that this decision will be a significant disappointment to the PCB (Pakistan Cricket Board), who have worked tirelessly to host the return of international cricket in their country,” the statement said, noting that Pakistan’s support of English and Welsh cricket over the last two summers had been “a huge demonstration of friendship”. “We are sincerely sorry for the impact this will have on cricket in Pakistan and emphasise an ongoing commitment to our main touring plans there for 2022.”
SBP increases interest rate by 25bps to 7.25pc after 15 months News Desk The State Bank of Pakistan (SBP) on Monday increased the benchmark interest rate by 25 basis points to 7.25 percent for the next two months, after keeping the policy rate unchanged six times in a row and the first such increase since June 2020. A statement issued after the Monetary Policy Committee (MPC) meeting, the central bank said the decision to increase the interest rate to 7.25 percent was taken under the chairmanship of SBP Governor dr Reza Baqir. Since its last meeting in July, the MPC noted that the pace of the economic recovery has exceeded expectations. This robust recovery in domestic demand, coupled with higher international commodity prices, is leading to a strong pick-up in imports and a rise in the current account deficit. While year-onyear inflation has declined since June, rising demand pressures together with higher imported inflation could begin to manifest in inflation readings later in the fiscal year, said the statement. With growing signs that the latest Covid wave in Pakistan remains contained, continued progress in vaccination, and overall deft management of the pandemic by the government, the economic recovery now appears less vulnerable to pandemic-related uncertainty. As a result, at this more mature stage of the recovery, a greater emphasis is needed on ensuring the appropriate policy mix to protect the longevity of growth, keep inflation expectations anchored, and slow the growth in the current account deficit, said the SBP.
The MPC noted that over the last few months the burden of adjusting to the rising current account deficit had fallen primarily on the exchange rate and it is appropriate for other adjustment tools, including interest rates, to also play their due role. looking ahead, in the absence of unforeseen circumstances, the MPC expects monetary policy to remain accommodative in the near term, with possible further gradual tapering of stimulus to achieve mildly positive real interest rates over time. In reaching its decision, the MPC considered key trends and prospects in the real, external and fiscal sectors, and the resulting outlook for monetary conditions and inflation, said the statement. The interest rate rise caught analysts off guard, many of whom were expecting the central bank to leave the rate unchanged. In its previous policy
Minister accuses CEC of siding with the opposition
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NZ can think about compensating PCB for financial loss, says David
News Desk Minister for Railways Azam Khan Swati Monday said that the incumbent government had to swallow a “bitter pill” after the appointment of the chief election commissioner to preserve the sanctity of this “constitutional institution”, referring to the Election Commission of Pakistan. Speaking at a press conference along Advisor to Prime Minister on Parliamentary Affairs dr Babar Awan, Swati said Chief Election Commissioner Sikander Sultan Raja was speaking the opposition’s language to “mess around” with the government, which was standing its ground like an “iron wall”. He did not elaborate on the details of Raja’s appointment but did imply it was under untoward circumstances. I don’t want to and won’t reveal how you [CEC] were appointed,” Swati said. If we didn’t respect the ECP, we would have never appointed you,” he said, adding that the government confirmed his appointment to abide by the Constitution and protect the ECP’s dignity despite knowing that he was allegedly close with the Sharifs. Swati said the government only wanted uncontro-
review on July 27, the central bank had kept the policy rate unchanged at 7% for the sixth time in a row during a 13-month period. The SBP had aggressively slashed the benchmark interest rate by 625 basis points to 7% from March to June 2020 to minimise the impacts of Covid19 on the economy. Since then, the SBP has maintained a status quo. The interest rate is a tool available with the central bank to control inflation, regulate unnecessary rupee movement and give direction to the national economy. Analysts believe that the central bank of Pakistan will announce an increase of 2550 basis points in its next MPS scheduled for november 26, 2021. On June 25, 2020, the SBP had decided to slash the country’s policy rate by 100 points to 7 percent.
STORY ON BACK PAGE
10pc population fully vaccinated against Covid-19: official versial, fair and free elections and a system which “future generations can’t point fingers at”. He questioned why the CEC had made no progress on pilot programmes as ordered previously by the Supreme Court or the parliament through the Elections Act 2017. “I again remind you Sikandar Sultan Raja sahab that only the one who accepts defeat, loses. Come and see whether the law and the Constitution are greater or your own being.” The railways minister continued to lash out at the CEC and asked him on “whose instructions are you destroying such a great institution”. “I, this nation and overseas Pakistanis want to ask you this.” Regarding the notice sent to him by the ECP for his tirade
against the institution, Swati questioned how many such similar notices had been sent to other political leaders from the opposition. Responding to a question on whether the government was ready to sit down with the ECP, Swati clarified: “We don’t have a quarrel with the ECP but with Raja Sultan.” According to the railways minister, the entire purpose of the press conference was to send this message: “Raja sahab you cannot violate the law or the Constitution […] When the parliament passes its voice through a law then under the leadership of [Prime Minister] Imran Khan, we will [bring] a fantastic [electoral] system.
CONTINUED ON PAGE 03
STORY ON PAGE 03
Nationwide polio drive begins to vaccinate 18.6m children STORY ON PAGE 02
Govt wishes to resolve issues with Maulana Aziz through dialogue, says Rasheed STORY ON PAGE 03