The UAE will host the remainder of the Pakistan Super League. AFP
The UAE will host the remainder of the Pakistan Super League. AFP
The UAE will host the remainder of the Pakistan Super League. AFP
The UAE will host the remainder of the Pakistan Super League. AFP

Pakistan Super League to resume in Karachi on June 1


Steve Luckings
  • English
  • Arabic

The Pakistan Super League will resume in June with the final taking place at Karachi's National Stadium on June 20.

The Pakistan Cricket Board (PCB) suspended its flagship tournament after seven people, including six players, tested positive for Covid-19 last month.

PCB's Board of Governors were disappointed by the failures highlighted in a report into the breaches of the tournament's Covid-19 standard operating procedures.

"The BoG endorsed all recommendations of the fact-finding panel, including robust and stringent implementation of the protocols, as well as maintaining a zero-tolerance approach towards all those who breach the Covid-19 SOPs," the PCB said.

Teams will begin a mandatory seven-day quarantine period from May 22 before Lahore Qalandars take on Islamabad United in the first of the remaining 20 matches on June 1.

What is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

SPEC%20SHEET
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Forced%20Deportations
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Violence%20
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Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000