17 Dec 2018

7 Sportlight Dec 17:Copy of Layout 1 12/16/2018 9:16 PM Page 1
PM praised Yasir Shah’s ability
during their meet up in Islamabad
CENTURION:
ISLAMABAD: The
Prime Minister of Pakistan
Imran Khan on Saturday
gave confidence to league
spinner Yasir Shah for continuing
his match-winning
performance in the test
series against South Africa
starting from December
26.
The PM praised Shah’s
ability with the red ball
during their meet up in
Islamabad. Khan said that
Yasir’s presence is important
for Pakistan as he
keeps the strength to disturb
batsmen with the variety
of spin.
“Yasir has been brilliant
SJA Jafri
Bureau Chief Australia
M E L B O U R N E :
Maintenance workers at the
Sydney Football Stadium
and Cricket Ground have
been told they are likely to
lose their jobs after the
New South Wales Govet
announced they will demolish
Allianz Stadium in a few
weeks time.
The shock news came on
Monday, with workers told
by SCG Trust management
that unless they could convince
them otherwise, Friday
would be their last day.
with the ball in recent
times,” he said.
Khan also asked the
They were handed a letter
after the one on one meeting
which said the SCG Trust
“would no longer require a
number of maintenance positions
one of which may be
yours.” Some of plumbers,
carpenters and electricians
have been working for the
SCG Trust for more than 20
years, while others had
already been rostered on for
shifts over the summer of
cricket. “You can't just turn
up one day and say we are
demolishing your workplace
come up with some answers
in how we save your job",
"it's unfair and unfair before
spinner about their performance
in the test series
against New Zealand
Sydney Football Stadium & Cricket
Grounds staff to be sacked
Christmas." Unions NSW
Secretary Mark Morey said.
Sports Minister Stuart
Ayres announced last week
that Lend Lease will demolish
Allianz Stadium after the
New Year's Test Match, and
then build the new $730 million
stadium.
With one less stadium to
maintain over the next two
years, the argument from the
SCG Trust is they need less
people. Workers insist the
Sydney Cricket Ground will
need all hands on deck, as
NRL and A-League matches
will be played there along
with the AFL.
which they lost 2-1.
Shah also discussed his
bowling experience with
Sports Reporter
KARACHI: The IOC is
adapting its management
structure. After 26 years as
Director of NOC Relations
and of Olympic Solidarity,
Pere Miró will henceforth
focus exclusively on his role
as Deputy Director General
for Relations with the
Olympic Movement. Mr
Miró will continue to work
with the senior IOC leadership
to coordinate the resolution
of critical political
issues that affect the
Olympic Movement. He has
held this responsibility for
the past three years in addition
to his role as Director of
NOC Relations and of
Olympic Solidarity. As part
of his role of Deputy
Director General, Mr Miró
will maintain an oversight
over the two departments
that he has managed in the
past. He joined the IOC in
1992, right after the
Olympic Games in his
Pakistan’s former captain
saying that spin bowling
always disturbs the batsman.
“Spinners always get an
edge as it is difficult to play
spin than fast bowling,” he
said.
It is pertinent to mention
here that Pakistan will
play the first test of threematch
series against South
Africa at SuperSports Park,
South Africa on December
26. Sarfraz led Pakistan
team had traveled to South
Africa on December 13
whereas Yasir Shah will
join the squad on
December 20.
New role in IOC management
hometown of Barcelona for
which he worked first as the
sub-director for sports and
then as sub-director general
for operations.
Effective as of 1 January
2019, James Macleod will
become Director of the
NOC Relations Department
and of Olympic Solidarity.
Mr Macleod has been
Associate Director for
Relations with the Olympic
Movement under the supervision
of the Deputy
Director General since the
beginning of 2017. In his
earlier Olympic career, Mr
Macleod worked for
Olympic Solidarity as Head
of Athlete Programmes,
before joining the London
2012 Organising Committee
for the Olympic Games as
Head of NOC and NPC
Services and then the Baku
2015 European Games
Organising Committee as
Director of Athlete Services
and Operations.
Mickey
Arthur, the Pakistan coach,
is buoyant of his team’s
chances in the Test series
in South Africa.
The side have travelled
to South Africa after losing
their Test series against
New Zealand, but Arthur is
convinced the team is
coming together well.
“We have a very exciting,
young team that’s
starting to gel well together,”
Arthur said. “We’ve
played unbelievable white
ball cricket, our 50-over
team is on the up, our T20
has been exceptional, but
we are trying to build up a
Monday, December 17, 2018
Sportlight
Test team at the moment.
“We really think we
have a good chance out
here.” On the pacy South
African wickets, Arthur
was excited about what the
Pakistani quicks could do.
Mohammed Amir is back
in the squad, and joins
Mohammad Abbas, Hasan
Ali, Shaheen Afridi and
Faheem Ashraf as pace
options.
“Our attack is exceptionally
skillful in all conditions.
The one thing we
do know is that we've got a
bowling attack that can
take 20 wickets comfortably,”
insisted the coach.
7
‘Young, exciting Pakistan have
good chance’: Arthur
Dr M. Arif Hafeez
Sports Reporter
KARACHI: Syed
Imaad Ali of Pakistan won
the 13th edition of WESPA
Youth Cup (formerly
named World Youth
Scrabble Championship)
here at the Dubai
American Academy,
Dubai.
It has been an amazing
year for Pakistan scrabble
as Pakistan has won every
major youth title in the
world. The latest victory
completed the grand slam
for Pakistan as they have
already won all major
youth titles including the
Causeway Challenge,
Princess cup (twice) and
the WESPA Youth Cup.
Amazingly all these tournaments
were won by five
different players!
No country in history
has ever achieved such a
feat in scrabble history and
this record would be very
hard to match
The 12 year old Imaad
is one of the youngest
player to have won the
championship. Imaad was
in great form throughout
the championship and
“Our challenge is getting
ourselves to 350, 400.
If we can get runs on the
board, we know that we
can get 20 wickets and we
can bowl in all conditions.”
The emphasis for the
team is on the batting. In
recent series, they have
been prone to collapses –
while they stuck it out to
win against Australia, it
proved costly against New
Zealand. Yet, while being
very aware of the challenge
of playing against
the South African pace
attack, Arthur insisted his
batsmen travelled well.
Imaad Ali wins WESPA
Youth Titles Grand Slam
dropped only four of the
24 games on his way to
victory.
Imaad ended with 20
wins and a spread of 1694.
He was awarded a glittering
trophy and a cash prize
of US$1000.0
We are ready for third corridor, now
India should initiate: Governor Sindh
KARACHI: Sindh
Governor Imran Ismail
said that Pakistan is read to
open Khokharapar border
but this time India should
take initiatives.
Since independence
Pakistan has survived without
any help from India
and there will no any assistance
required in future, he
said and added: “We need
talks on equality levels.”
He was addressing on
the second day of 14th
Build Asia Exhibition on
Sunday.
Imran Ismail said that
the exhibition was contribution
for the growth of
construction industry. He
said that the government
would fully support the
organizers of the exhibition.
The governor said that
the federal government had
taken serious notice of gas
supply suspension to
industries. He said that the
government believed to
resolves issues through
talks.
Imran Ismail said that
the federal government
assured no government
department would create
hurdles for industries in
future.
He said that the government
had finalized arrangements
to supply gas to
industries and CNG sector
on priority basis.
Talking on Kashmir
issue, he said that the peace
in the region would only be
possible through resolution
of Kashmir issue.
The Sindh Governor
said that the provincial
government was reluctant
to cooperate with him. He
said that the provincial
government was not
responding. He said that
impediments were being
created to discourage federal
government in completing
development projects.
Commander Karachi
Rear Admiral Asif Khaliq
performed ribbon cutting
on the second day of the
exhibition.
He said that new horizons
were opening for
Pakistan. He said that foreigners
were visiting
Pakistan realizing the
potential of the country. He
said that the exhibition
would prove as a platform
for foreign investment.
On the second day of
Build Asia Exhibition a
large number of foreign
delegates and business
leaders visited the various
stalls.
Khursheed Nizam,
President, E-Commerce
Gateway Pakistan said that
many agreements were
signed with foreign companies.
He also said that foreign
and local businessmen
showing interests in various
items displayed at the
exhibition.
Why private capital is a smart tool for growth
DUBAI: Governments have
been supportive in fostering the
alternative investment markets to
facilitate entrepreneurship
The private capital markets
have always been labelled as an
alternative financing tool for companies
in comparison to the traditional
funding avenues, especially
banks. However, the global financial
crisis in 2008 was a game
changer for private capital markets.
This can be broadly attributed
to 2 factors, both driving the
demand and supply for such alternative
lending funds.
Firstly, the banking industry's
thrust to become leaner and clean
up legacy problems have forced
banks to re-evaluate less profitable
and high risk sectors coupled
with the need to adhere with
new capital requirements.
Secondly, central banks resorting
to ultra loose monetary policies
to stimulate economic activity
reduces the attractiveness of the
traditional asset classes. Both
these factors resulted in private
capital markets growing by record
levels during the past decade.
According to latest data
released by Preqin, total private
capital fund-raising grew by 10.4
per cent in 2017 to cross the $800
billion mark for the first time as
the industry remains attractive for
investors. Within the private capital
market, private equity (PE) and
private debt witnessed double
digit growth in fund raising during
2017.
According to Preqin, assets
under management (AUM) in private
capital markets have
increased by 8.2 per cent CAGR
from $3,061 billion in 2011 to
$4,925 billion in 2017. PE represents
around 60 per cent of the
total AUMs of the private capital
market as it has been the most preferred
choice of capital for companies
and promoters to fund
growth across the globe. Although
PE will continue to remain the
most obvious choice for businesses
going forward, the rise of private
debt over the past decade as a
suitable alternative funding
stream without divesting equity
has caught the attention of smart
and sophisticated investors.
According to Preqin, AUMs of
private debt have increased threefold
since 2007 to reach $638 billion
at the end of 2017 and it is
forecasted to grow to $2.5 trillion
in another 10 years.
Abbas Kassar
H Y D E R A B A D :
Hyderabad Chamber of
Commerce and Industry
president Muhammad
Saleem Shaikh has
expressed concern on
final notice issued by
Hyderabad Development
Authority (H.D.A) to
allotters of Gulistan
Sarmast Housing Scheme
adding that almost all
allottees belong to middle
class who had got plots
allotment for residential
purpose. Issuing final
notice for payment to
them was injustice with
them as such it has sent
wave of disappointment
among their families. He
has demanded from local
bodies minister and
Biz
HCCI concern on final notice for
payment to Gulistan Sarmast Allottees
ISLAMABAD: Prime
Minister's Special
Assistant on Youth Affairs
Usman Dar said economic
revival and industrial boost
was on top of agenda of
the present government
and all-out efforts were
being made in that regard.
In a meeting of surgical
instruments' manufactures
and exporters in Sialkot,
H.D.A to allow them concession
of extension of 2
years to make final payment
within as they are
not in a position to make
immediate payment of
arrears. He also demanded
to continue GSHS office
where it is as with shift of
office will create difficulties
for allottees to make
payment.
Economic revival, industrial
boost top agenda of govt: Usman
ISLAMABAD: Punjab
Governor Chaudhry
Muhammad Sarwar has
assured to provide the
complete support to the
local furniture industry for
enhancing the country’s
exports and betterment of
he said PTI government is
taking the business community
and other stake
holders on-board for economic
progress and development.
KARACHI: Dec Laborers are busy in unloading of iron pallor's at North Nazim Abad Five
Star Chorangi Area, as Green Line Bus Service is under construction.
Punjab Governor assures to provide
support to local furniture industry
the business environment.
Inaugurating a threeday
’10th Interiors
Pakistan’ mega exhibition,
at the expo centre in
Lahore, Governor Punjab
urged the businessmen to
work extensively to promote
the local industry in
Pakistan.
He appreciated that the
Pakistani handmade furniture
products possess
potential to capture the
global market with excellent
modern designing.