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Audit finds $21 million financial irregularities in Pakistan Cricket Board

Audit finds $21 million financial irregularities in Pakistan Cricket Board
An undated picture of Pakistan Cricket Board's building in Lahore, Pakistan. (Pakistan Cricket Boardlinkedin)
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Updated 1 min 13 sec ago

Audit finds $21 million financial irregularities in Pakistan Cricket Board

Audit finds $21 million financial irregularities in Pakistan Cricket Board
  • Auditors flag $18.6 million in unpaid sponsorships, question spending on police meals during foreign tours
  • Report also cites improper hiring, unauthorized perks for PCB chairman, governance lapses over two years

ISLAMABAD: An audit report has found financial irregularities to the tune of more than rupees 6 billion ($21 million) and governance issues within the Pakistan Cricket Board dating back two years.

The Auditor General of Pakistan’s report for the 2023-24 financial year was published in The News and highlighted the non-recovery of outstanding sponsorship worth rupees 5.3 billion ($18.6 million) as the major discrepancy identified.

PCB chairman Mohsin Naqvi is the third person in four years to lead the sport’s national administration, following Ramiz Raja and Zaka Ashraf. He is also a government minister.

The report also questioned the rupees 63.39 million ($220,000) the PCB spent on meals for police and law enforcement personnel assigned for the security of foreign teams during international matches in Pakistan.

The auditors said providing security was the responsibility of governments, and disagreed with the PCB’s explanation that visiting international teams were given extra safety guarantees that required heavy police deployment.

The audit report also flagged the hiring of three junior regional coaches who didn’t meet the eligibility criteria and the appointment of a media director outside the proper procedure.

Compensation paid to cover utility charges, fuel and accommodation for the PCB chairman between February and June of last year was also highlighted as unauthorized because Navqi received that as part of his government benefits.

The auditors rejected the cricket board’s response that the PCB chairman “is authorized for utility expense as per bylaws.”

The PCB is yet to comment on the audit report.


Pakistan’s HUBCO seeks extension of $51 million guarantees to safeguard coal plants

Pakistan’s HUBCO seeks extension of $51 million guarantees to safeguard coal plants
Updated 5 sec ago

Pakistan’s HUBCO seeks extension of $51 million guarantees to safeguard coal plants

Pakistan’s HUBCO seeks extension of $51 million guarantees to safeguard coal plants
  • New transmission charges, which HUBCO says were not originally included, have pushed investors to seek extended guarantees
  • Coal-fired power is crucial amid rising use of solar power, whose variability could potentially cause blackouts if mismanaged

KARACHI, July 16 : Pakistan’s largest independent power producer Hub Power (HUBCO) said on Wednesday it was seeking an extension to $51 million in bank guarantees to protect its coal-fired power plants, a crucial source of stable power amid Pakistan’s rising use of solar.

The guarantees, previously short-term, would now stay in place until 2034 to cover future loan repayments and potential penalties, the company said in a notice to the country’s stock exchange.

New government-imposed transmission charges, which HUBCO is contesting and says were not included in its original contracts, have pushed investors to seek extended guarantees. The cost of borrowing to provide these guarantees would remain below the expected returns from the projects, it said.

“The extended guarantee will cover any fines or funding gaps that may arise,” HUBCO said in a notice to the country’s stock exchange, adding that the company has invested about $131 million in the projects so far.

The South Asian nation has faced chronic electricity shortages and challenges to grid stability because of rising solar power use, fuel import constraints due to a foreign exchange crisis and a debt-burdened electricity sector.

Stable coal-fired power supply is crucial amid rising use of solar power, whose variability could potentially cause blackouts if mismanaged.

HUBCO will hold an extraordinary general meeting in August to seek shareholder approval for the plan for its two 330 megawatt (MW) plants operating on locally mined coal “to ensure the plants’ continued operation,” it said.

The plants’ problems stem from broader challenges faced by Pakistan’s power sector. Pakistan last year authorized an early termination of a power supply deal running to March 2027 as a part of an IMF mandate to cut energy debt.


Pakistan to send Islamabad Police officers to Beijing for AI, modern policing training 

Pakistan to send Islamabad Police officers to Beijing for AI, modern policing training 
Updated 59 min 14 sec ago

Pakistan to send Islamabad Police officers to Beijing for AI, modern policing training 

Pakistan to send Islamabad Police officers to Beijing for AI, modern policing training 
  • Pakistan undertakes efforts to improve policing methods amid rising militancy in country
  • Interior minister accepts Beijing Police’s offer to provide anti-riot training to Islamabad police

ISLAMABAD: Pakistan’s interior ministry announced on Wednesday that the government would send Islamabad Police officers to Beijing so that they can receive training in artificial intelligence and modern policing methods. 

Pakistan has recently undertaken measures to enhance its policing methods, especially as it faces surging militant attacks in its northwestern Khyber Pakhtunkhwa (KP) and southwestern Balochistan provinces. These efforts include digitizing police records, hiring more women police officers and releasing public awareness videos on social media platforms. 

Pakistan’s Interior Minister Mohsin Naqvi met Beijing Police Department’s Deputy Director General Gao Jianxin in Islamabad. The two sides discussed collaboration between the police forces of Islamabad and Beijing, the interior ministry said.

“During the meeting, it was decided that officers of Islamabad police will be sent to Beijing for training in modern policing and advanced technologies,” the ministry said in a statement.

“These officers will participate in various training courses conducted by the Beijing Police Department. They will also receive special training in the use of artificial intelligence to further improve the policing system,” it added. 

The minister said Pakistan would benefit from the “highly efficient and technologically advanced” Beijing police force, adding that the use of modern technology was essential for public safety and crime prevention.

Naqvi also highlighted the importance of timely information sharing to tackle militancy, crime, drug trafficking and human smuggling, the ministry said.

He accepted the Beijing Police’s offer to provide anti-riot training to the Islamabad police, the statement said.


Pakistan navy chief calls for enhancing drone capabilities for maritime security

Pakistan navy chief calls for enhancing drone capabilities for maritime security
Updated 16 July 2025

Pakistan navy chief calls for enhancing drone capabilities for maritime security

Pakistan navy chief calls for enhancing drone capabilities for maritime security
  • Admiral Naveed Ashraf chairs meeting of navy’s apex decision-making forum in Islamabad 
  • Drones help countries detect threats, track enemy movements, monitor maritime borders

ISLAMABAD: Pakistan Navy Chief Admiral Naveed Ashraf on Wednesday called for increasing the country’s capabilities in drones and unmanned systems to counter threats at sea, the navy said. 

These comments from Ashraf came while he chaired a meeting of the navy’s Command & Staff Conference at the Naval Headquarters in Islamabad. The conference is the apex decision-making forum of the navy, where its chief, principal staff officers and field commanders review policies and strategic plans.

“Admiral Naveed Ashraf also emphasized the development of capabilities in unmanned systems, including drones and unmanned surface/underwater vessels, to enhance surveillance and response capabilities,” the navy’s media wing said in a statement. 

Ashraf underscored the importance of maintaining perpetual combat readiness to effectively counter both traditional and non-traditional threats in the maritime domain, the statement added. 

He appreciated the navy’s efforts to maintain maritime security during Pakistan’s four-day military conflict with India in May, highlighting the country’s “robust defense capabilities.”

“Naval Chief commended PN’s proactive measures in ensuring continuous flow of supplies through Sea Lanes of Communication (SLOCs) and uninterrupted operations at seaports,” the navy said. 

Unmanned systems and drones help a country detect threats, track enemy movements and monitor maritime borders without risking lives. 

These monitoring systems are cost-effective as well, helping navies extend their reach without the need for additional ships or personnel. 


Pakistan’s quiet solar rush puts pressure on national grid

Pakistan’s quiet solar rush puts pressure on national grid
Updated 16 July 2025

Pakistan’s quiet solar rush puts pressure on national grid

Pakistan’s quiet solar rush puts pressure on national grid
  • Thousands of Pakistanis across the nation turn to solar power to escape soaring electricity bills and prolonged power cuts
  • Solar power reached 24% of Pakistan’s energy mix in first five months of 2025 to become largest source of energy production

KARACHI: Pakistanis are increasingly ditching the national grid in favor of solar power, prompting a boom in rooftop panels and spooking a government weighed down by billions of dollars of power sector debt.

The quiet energy revolution has spread from wealthy neighborhoods to middle- and lower-income households as customers look to escape soaring electricity bills and prolonged power cuts.

Down a cramped alley in Pakistan’s megacity of Karachi, residents fighting the sweltering summer heat gather in Fareeda Saleem’s modest home for something they never experienced before — uninterrupted power.

“Solar makes life easier, but it’s a hard choice for people like us,” she says of the installation cost.

In this photograph taken on June 24, 2025, solar panels are seen installed across the rooftops of a residential neighbourhood in Pakistan's port city of Karachi. (AFP)

Saleem was cut from the grid last year for refusing to pay her bills in protest over enduring 18-hour power cuts.

A widow and mother of two disabled children, she sold her jewelry — a prized possession for women in Pakistan — and borrowed money from relatives to buy two solar panels, a solar inverter and battery to store energy, for 180,000 rupees ($630).

As temperatures pass 40 degrees Celsius (104 degrees Fahrenheit), children duck under Saleem’s door and gather around the breeze of her fan.

Mounted on poles above homes, solar panels have become a common sight across the country of 240 million people, with the installation cost typically recovered within two to five years.

In this photograph taken on June 23, 2025, a labourer carries a solar panel along a road in Pakistan's port city of Karachi. (AFP)

Making up less than two percent of the energy mix in 2020, solar power reached 10.3% in 2024, according to the global energy think tank Ember.

But in a remarkable acceleration, it more than doubled to 24% in the first five months of 2025, becoming the largest source of energy production for the first time.

It has edged past gas, coal and nuclear electricity sources, as well as hydropower which has seen hundreds of millions of dollars of investment over the past decades.

As a result, Pakistan has unexpectedly surged toward its target of renewable energy, making up 60% of its energy mix by 2030.

In this photograph taken on June 24, 2025, Arsalan Arif, a local businessman, cleans solar panels installed on his house's rooftop in Pakistan's port city of Karachi. (AFP)

Dave Jones, chief analyst at Ember, told AFP that Pakistan was “a leader in rooftop solar.”

Soaring fuel costs globally, coupled with demands from the International Monetary Fund to slash government subsidies, led successive administrations to repeatedly hike electricity costs.

Prices have fluctuated since 2022 but peaked at a 155-% increase and power bills sometimes outweigh the cost of rent.

“The great solar rush is not the result of any government’s policy push,” Muhammad Basit Ghauri, an energy transition expert at Renewables First, told AFP.

“Residents have taken the decision out of clear frustration over our classical power system, which is essentially based on a lot of inefficiencies.”

In this photograph taken on June 24, 2025, a local resident cleans solar panels installed on his house's rooftop in Pakistan's port city of Karachi. (AFP)

Pakistan sources most of its solar equipment from neighboring China, where prices have dropped sharply, largely driven by overproduction and tech advancements.

But the fall in national grid consumers has crept up on an unprepared government burdened by $8 billion of power sector debt, analysts say.

Pakistan depends heavily on costly gas imports, which it sells at a loss to national energy providers.

It is also tied into lengthy contracts with independent power producers, including some owned by China, for which it pays a fixed amount regardless of actual demand.

A government report in March said the solar power increase has created a “disproportionate financial burden onto grid consumers, contributing to higher electricity tariffs and undermining the sustainability of the energy sector.”

Electricity sales dropped 2.8% year-on-year in June, marking a second consecutive year of decline.

Last month, the government imposed a new 10-% tax on all imported solar, while the energy ministry has proposed slashing the rate at which it buys excess solar energy from consumers.

“The household solar boom was a response to a crisis, not the cause of it,” said analyst Jones, warning of “substantial problems for the grid” including a surge during evenings when solar users who cannot store energy return to traditional power.

The national grid is losing paying customers like businessman Arsalan Arif.

A third of his income was spent on electricity bills at his Karachi home until he bought a 10-kilowatt solar panel for around 1.4 million rupees (around $4,900).

“Before, I didn’t follow a timetable. I was always disrupted by the power outages,” he told AFP.

Now he has “freedom and certainty” to continue his catering business.

In this photograph taken on June 23, 2025, labourers load a solar panel over an auto rickshaw in Pakistan's port city of Karachi. (AFP)

In the eastern city of Sialkot, safety wear manufacturer Hammad Noor switched to solar power in 2023, calling it his “best business decision,” breaking even in 18 months and now saving 1 million rupees every month.

The cost of converting Noor’s second factory has now risen by nearly 1.5 million rupees under the new government tax.

“The tax imposed is unfair and gives an advantage to big businesses over smaller ones,” he said.

“Policymakers seem completely disconnected from the public and business community.”


Two constables shot dead in northwestern Pakistan amid surge in militant attacks

Two constables shot dead in northwestern Pakistan amid surge in militant attacks
Updated 16 July 2025

Two constables shot dead in northwestern Pakistan amid surge in militant attacks

Two constables shot dead in northwestern Pakistan amid surge in militant attacks
  • Police say one “terrorist” shot dead, two others injured during exchange of fire
  • Pakistan blames Afghanistan-based groups for attacks in Khyber Pakhtunkhwa

PESHAWAR: Unidentified gunmen shot dead two constables in Pakistan’s northwestern Khyber Pakhtunkhwa (KP) province on Wednesday, police said amid a surge in militant attacks in the restive area. 

The attack took place in Dera Ismail Khan district’s Kulachi area near the Afghan border, district police spokesperson Yaqoob Bukhari confirmed.

Bukhari identified the slain cops as constables Ghulam Muhammad and Shehzad, saying they were ambushed by the unknown attackers while they left their police station to buy groceries.

“A heavy police contingent responded immediately,” Bukhari told Arab News. “During the ensuing search operation, one terrorist was killed and two others injured in an exchange of fire.”

Kalashnikov rifles and other ammunition were recovered from the slain militant, Bukhari said, adding that a search operation was underway to track down the remaining assailants.

KP Chief Minister Ali Amin Gandapur condemned the attack, paying tribute to the slain constables and directing authorities to arrest the suspects involved in the killing.

The latest attack takes place amid surging violence in KP, where earlier this month an explosion claimed by Daesh killed at least four local government officials and policemen.

A woman was killed last week while three others were injured in two quadcopter attacks in the province that police said were conducted by militants.

Last week also saw the killing of two people, including a senior leader of the Awami National Party, who were shot dead by unidentified assailants in the Bajaur district.

No militant group has claimed responsibility for the attack on the constables. However, the Tehreek-e-Taliban Pakistan (TTP) militant group has previously claimed responsibility for similar attacks in KP, which borders Afghanistan.

Pakistan’s government has also blamed the TTP for some of the deadliest attacks against law enforcers and civilians in recent years. Islamabad has accused Afghanistan of sheltering TTP militants, urging Kabul to take decisive action against militants it says operate from Afghan soil.

Kabul has rejected the allegations and urged Islamabad to resolve its security matters internally.