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PCB announces 12-member squad for first Bangladesh Test

First Test will be played in Chittagong from Friday

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PCB announces 12-member squad for first Bangladesh Test
GNN Media: Representational Photo

Lahore: The Pakistan Cricket Board (PCB) on Thursday announced a 12-member squad for the first Test against Bangladesh, which will be played at the Ch. Zahoor Ahmed Cricket Stadium, Chittagong from Friday.

The Men-in-Green will be brimming with confidence when they take the field tomorrow against Bangladesh. The visitors completed a 3-0 whitewash over the hosts last week, winning the third and last T20 match of the series in thrilling fashion.

Led by Babar Azam, the Test squad includes Mohammad Rizwan (vice-captain), Abdullah Shafique, Abid Ali, Azhar Ali, Faheem Ashraf, Fawad Alam, Hasan Ali, Imam-ul-Haq, Nauman Ali, Sajid Khan, Shaheen Shah Afridi.

The second and final Test between the two teams will commence on Saturday, 4 December at Sher-e-Bangla Cricket Stadium in Dhaka.

Squad:

Babar Azam (Captain), Mohammad Rizwan (Vice captain and wicketkeeper), Abdullah Shafique, Abid Ali, Azhar Ali, Faheem Ashraf, Fawad Alam, Hasan Ali, Imam-ul-Haq, Nauman Ali, Sajid Khan and Shaheen Shah Afridi.

Siddra Sumreen

Syeda Siddra has been working as a web journalist for over the past seven years. She earned her M.Phil degree in Mass Communication from the Lahore Leads University. Ms. Siddra has previously worked with other renowned channels and is now associated with GNN as Senior Content Writer.

Pakistan

18.8 million mobile units manufactured in Pakistan in 10 months: Dawood

Adviser to the Prime Minister on Commerce and Investment, Abdul Razak Dawood on Tuesday said domestic manufacturing mobile plants in Pakistan produced 18.87 million mobile units during the period of January to October 2021.

Published by Faisal Ali Ghumman

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18.8 million mobile units manufactured in Pakistan in 10 months: Dawood

During the period of January to October 2021, domestic manufacturing mobile plants in Pakistan produced 18.87 million mobile units, including 7.93 million 4G mobile phones compared to 9.45 million imported mobile phones.

The Ministry of Commerce’s ‘Make in Pakistan’ philosophy is giving the results and “we look forward for sustainable growth for the long run.”

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Pakistan

Govt announces no change in POL prices

The petrol price will remain unchanged at Rs145.82 per litre, and diesel price will remain Rs142.62 per litre as it was before.

Published by Faisal Ali Ghumman

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Govt announces no change in  POL prices

Islamabad: The federal government Tuesday announced to maintain the prices of petroleum products.

Following the prime minister's decision, the petrol price will remain unchanged at Rs145.82 per litre, and the price of diesel will remain Rs142.62 per litre as before.

The prices of kerosene oil and light diesel will stay at Rs116.53 and Rs114.07 per litre, respectively.

According to the notification, the new prices will be effective from December 1.

On November 5, the government had jacked up the price of petrol in Pakistan by Rs8.03 per litre despite November 1's decision of the prime minister to not increase the prices.

 

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Business

Inflation rate in Euro Zone rises to a record high for November

Higher energy prices contributed the most to the latest inflation reading.

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Inflation rate in Euro Zone rises to a record high for November

The euro zone’s inflation rate has risen to a record high in November, preliminary data showed Tuesday, prompting further questions about what the European Central Bank will do next with its monetary policy.

Headline inflation came in at 4.9% for the month, compared to the same month last year. This was above a consensus forecast of 4.5% from Reuters and was higher than October’s 4.1%. The figure was the highest on record in the 25 years that the data has been compiled.

According to Europe’s statistic office, Eurostat, energy is on track for its highest annual price rise in November at 27.4%, from 23.7% in October.

The data comes at a time when policymakers are waiting for more data on a new Covid-19 variant, omicron, which was reported for the first time last week in southern Africa.

The travel restrictions implemented in the wake of the new variant are raising concerns about how economies could suffer. Experts argue that societies are better equipped to deal with the virus now compared to the first Covid lockdowns, but market players have been on edge with the prospect of further restrictions.
ECB
Nonetheless, consumer prices rose once again in the euro zone off the back of higher energy costs and supply chain issues.

In Germany — a country historically scared of high inflation — the inflation rate hit a 29-year high in November. They were up by 6% from a year ago, as measured by the harmonized index of consumer prices.

The trend is the same in France, where the inflation rate reached 3.4% in November, the highest reading since 2008.

The question going forward is how the ECB will square the high inflation readings with uncertainty over the pandemic.

ECB Vice President Luis de Guindos said last week that the central bank still plans to end its emergency bond purchases program in March. However, market players want to know how the central bank will be adjusting its other tools.

“The Omicron variant has increased the level of uncertainty even further but for now we suspect that it will have a fairly small impact on inflation,” Jack Allen-Reynolds, senior Europe economist at Capital Economics, said in an emailed note to clients.

On the other hand, Rupert Thompson, chief investment officer at wealth manager Kingswood, said the latest figures make it more likely that the ECB will have to reduce monetary stimulus.

“Euro zone inflation now looks set to remain well above the ECB’s 2% target for much of next year and these numbers will make it all the harder for the central bank to justify continuing its QE [quantitative easing] program and holding off on any rate rise before 2023,” he said.

In addition, Charles Hepworth, investment director at GAM Investments, said: “It may be wishful thinking on the part of ECB President Lagarde when she declares that price pressures won’t run out of control – they already are and it’s difficult to follow the argument that it will abate soon.”

SOURCE: CNBC

 

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