Inaugural Women’s U19 Tournament to Commence Today

The U19 T20 Women Cricket Tournament 2022 will be competed by six Cricket Association teams, comprising 84 players, from 13 to 22 August. The 10-day tournament will be conducted on a round-robin basis, meaning each team will play at least five matches.

The U19 T20 Women’s World Cup is to be held in South Africa in 2022. Winning team will receive Rs. 400,000 along with the silverware and the runner-up will get Rs. 200,000.

The player of the tournament will be awarded a cash prize of Rs. 50,000 and each match winner will receive Rs. 10,000. Top performers will be gifted kit bags to encourage them to pursue their cricketing ambitions.

Only players born after 1 September 2003 are eligible to play in this year’s tournament.

Pakistan’s Sukuk Based Borrowing Crosses Rs. 2 Trillion

The funds raised by the government through Sukuk, an Islamic financing instrument, have crossed Rs. 2 trillion. During 2008-2017, the government raised funds to the tune of Rs. 936 billion through various issues of Government Ijara Sukuk (GIS).

The government has been raising funds through an Islamic instrument rather than conventional and interest-based government bonds, including T-Bills and Pakistan Investment Bonds (PIBs). The shift in policy saves billion to the national exchequer, according to industry experts.

Sukuk is an Islamic instrument of raising funds through which Islamic banks own the assets of the issuer (the government) for an agreed period. Banks provide financing to the issuer and then generate revenues from the state assets. This phenomenon also helps greatly to support the Islamic banking industry in Pakistan.

The government of Pakistan has raised two issues of Rs. 400 billion through Pakistan Stock Exchange (PSX) as Pakistan Energy Sukuk I and II. The issues were intended to meet budgetary needs and promote Islamic banking in Pakistan, according to the Ministry of Finance.

Experts say they can be used to raise funds not only by the government but also by the private sector.

Arshad Nadeem Breaks Silence on Viral Chat Involving ‘His Leader’ Nawaz Sharif

Arshad Nadeem’s ‘WhatsApp chat’ meme went viral on social media. The javelin thrower has urged fans to stop spreading fake news. Arshad took to Twitter to voice his concern on the fake news and stated that he was part of no such conversation.

A meme went viral on social media after Arshad Nadeem’s gold medal performance at the 2022 Commonwealth Games. He stated that he was able to deliver his record-breaking throw despite being injured after taking inspiration from former Pakistan Prime Minister, Nawaz Sharif.

The meme got plenty of attention and was widely shared on various social media platforms. Arshad took it upon himself to clarify that no such conversation took place and fake news is being spread.

Pakistani cricketer Arshad Warsi has asked his fans to report any fake Twitter profiles in his name. The fake profile trend on social media platforms has been a cause of concern for athletes and celebs in the recent past as false information is spread about them.

TikTok Moderators Were Shown Child Sexual Abuse Videos for Training

A new report from Forbes has shared some disturbing facts about TikTok’s moderation practices. Teleperformance is a third-party moderation company that works with TikTok. Its employees claim that TikTok asked them to review a spreadsheet titled Daily Required Reading. This included hundreds of images of explicit content on children.

Employees claim they had access to this content through their work email accounts. The company says it has strict access controls but didn’t say if all third-party moderators have that standard.

This could lead to potential lawsuits since it is illegal in the US to display child sexual abuse images or videos without explicit consent from a company employee.

Zaman Anwar Makes Pakistan Proud at CWG22 Wrestling Event

He lost to Canada’s Amarveer Dhesi in the freestyle 125 kg final.

Pakistan’s Muhammad Zaman says he is disappointed not to have won gold at the World Taekwondo Championships. Zaman lost his final match against an Olympian, but thanked God for allowing him the chance to compete in the finals. The 21-year-old said international-style training would have been preferable over local-style.

Pakistan’s Nooh Dastagir Butt has won a Silver medal in the Men’s Freestyle 86 kg wrestling category at the Rio Olympics. It is Pakistan’s second Silver medal of the Games after another wrestler, Inam Butt, won a Bronze in the same category.

Arshad Nadeem and Jamshed Ali have qualified directly for the final in their respective categories. Both athletes have a good chance of winning gold medals at this year’s event.

Samsung Reduces Production Due to Low Global Demand

Samsung has cut down the production of its devices on a large scale in Vietnam. The company is facing sales problems since people are not able to purchase new products. Major retailers have already warned about slow sales in the coming months, and Samsung’s phones are no exception.

The production at the plants has decreased due to the global fall in customer spending. Samsung is Vietnam’s biggest foreign investor and exporter. Half of its devices are produced in Vietnam since it has two manufacturing bases in the country. The fallback has affected this country the most.

Samsung says that the fallback will surely not affect the annual production in Vietnam. The South Korean giant said that since last week, the supply disruption has started to resolve. They further said that the earnings will stay the same or will increase marginally.

Pakistan’s Major Electricity Supplier to Undergo Digital Transformation

NTDC is one of Pakistan’s major electric companies similar to WAPDA. NTDC plans to finish the project within 18 months. The company’s digitization goal is aimed at automating business processes. This transformation has been a work in progress for three years.

NTDC’s ERP project is the largest investment ever made in terms of resource allocation for business automation in NTDC’s history. Project will be completed in 18 months’ time period and all employees expected to actively participate, according to NTDC chief executive Officer (CEO) Maziar Abdul Rahim.

Details of the project are unclear, but it will make the company’s processes faster and simpler. It may also bring several benefits to the end consumer, but there is no confirmation yet.

Olympics Committee Considers Adding Cricket in LA Games 2028

The International Olympic Committee has shortlisted cricket as a potential addition to the upcoming Olympics in Los Angeles in 2028. The final decision regarding cricket’s inclusion in the world’s biggest sports competition will be made after a meeting of the ICC and IOC in 2023.

Cricket has been included in Commonwealth Games for last 24 years. International Olympics Committee has shortlisted 9 sports for this purpose. The final verdict will be given by IOC once the meeting with ICC is done. Representatives of ICC and IOC are expected to meet in 2023 in Mumbai.

Other sports being considered for inclusion in the 2028 Games in Los Angeles include baseball, softball, flag football, lacrosse, break dancing, karate, kickboxing, squash, and motorsport.

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