• Multan Sultans' Mohammad Rizwan plays a shot against Quetta Gladiators during the Pakistan Super League match at the National Stadium in Karachi on March 3, 2021. All photos AFP
    Multan Sultans' Mohammad Rizwan plays a shot against Quetta Gladiators during the Pakistan Super League match at the National Stadium in Karachi on March 3, 2021. All photos AFP
  • Quetta Gladiators' Usman Khan plays a shot against Multan Sultans. AFP
    Quetta Gladiators' Usman Khan plays a shot against Multan Sultans. AFP
  • Quetta Gladiators' Mohammad Hasnain celebrates after taking the wicket of Multan Sultans' Carlos Brathwaite. AFP
    Quetta Gladiators' Mohammad Hasnain celebrates after taking the wicket of Multan Sultans' Carlos Brathwaite. AFP
  • Quetta Gladiators' Ben Cutting drops a catch off Multan Sultans' Imran Tahir.
    Quetta Gladiators' Ben Cutting drops a catch off Multan Sultans' Imran Tahir.
  • Karachi Kings' Abbas Afridi celebrates with teammates the wicket of Peshawar Zalmi's Tom Kohler-Cadmore at the National Stadium in Karachi on March 3, 2021.
    Karachi Kings' Abbas Afridi celebrates with teammates the wicket of Peshawar Zalmi's Tom Kohler-Cadmore at the National Stadium in Karachi on March 3, 2021.
  • Karachi Kings celebrate the wicket of Peshawar Zalmi's Tom Kohler-Cadmore.
    Karachi Kings celebrate the wicket of Peshawar Zalmi's Tom Kohler-Cadmore.
  • Karachi Kings' Abbas Afridi takes a catch off Peshawar Zalmi's Haider Ali.
    Karachi Kings' Abbas Afridi takes a catch off Peshawar Zalmi's Haider Ali.
  • Peshawar Zalmi's Ravi Bopara plays a shot.
    Peshawar Zalmi's Ravi Bopara plays a shot.
  • Karachi Kings' Babar Azam plays a shot.
    Karachi Kings' Babar Azam plays a shot.
  • Karachi Kings' Babar Azam and Daniel Christian celebrates after winning their Pakistan Super League match against Peshawar Zalmi.
    Karachi Kings' Babar Azam and Daniel Christian celebrates after winning their Pakistan Super League match against Peshawar Zalmi.

PSL 2021 postponed due to rising Covid-19 cases


Steve Luckings
  • English
  • Arabic

The 2021 Pakistan Super League has been postponed due to rising number of Covid-19 cases among the players and officials, the Pakistan Cricket Board (PCB) said Thursday.

“Following a meeting with the team owners and considering the health and wellbeing of all participants is paramount, the Pakistan Cricket Board has decided to postpone the Pakistan Super League 6 with immediate effect," the PCB said.

The decision comes after the number of confirmed cases within the PSL bio-secure bubble rose from three on Wednesday to seven on Thursday.

The PCB "will focus on the safe and secure passage of all participants, and arrange repeat PCR tests, vaccines and isolation facilities to the six participating sides", it added.

Lahore Qalandars CEO Atif Rana said the decision was long overdue and that the PCB should have delayed the start of the tournament given the ongoing pandemic.

"Unfortunately, PCB said we should continue with the plan and other franchises supported the idea," he said.

The news comes just hours after PCB chief executive Wasim Khan had told reporters that all those within the bio-secure environment - around 300 players and support staff - had been offered Covid-19 vaccines.

PCB said it had secured a small allocation of the vaccine after highlighting the national team's international commitments and the reputation of the popular PSL Twenty20 tournament during talks with federal and provincial governments.

"While we live in these challenging times, the vaccine has been sourced to provide an added level of protection and comfort for players and all personnel inside the [biosecure] bubble," Wasim said, adding that the players and officials were "under no obligation" to have the vaccine.

The PCB did not reveal the names of all the new cases on Thursday. On Monday it was revealed Australian leg-spinner Fawad Ahmed had tested positive, forcing the rescheduling of Islamabad United's match with Quetta Gladiators by 24 hours.

On Wednesday England batsman Tom Banton tested positive for Covid along with a Karachi Kings staff member. On Thursday Pakistan allrounder Mohammad Faizan, who represents Lahore Qalandars, was also named as one of the players to contract Covid.

Australian allrounder Daniel Christian withdrew from the competition over fears of catching the virus and planned to fly out on Thursday.

It is not the first time the PSL has fallen victim to the coronavirus pandemic.

Last year's competition was halted at the semi-final stages in March due to the number of rising cases in Pakistan.

The games were rescheduled to November and held behind closed doors, when Karachi Kings won the title.

Karachi lead the current PSL table with six points from five matches.

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Rating: 3/5

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The specs
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The Pope's itinerary

Sunday, February 3, 2019 - Rome to Abu Dhabi
1pm: departure by plane from Rome / Fiumicino to Abu Dhabi
10pm: arrival at Abu Dhabi Presidential Airport


Monday, February 4
12pm: welcome ceremony at the main entrance of the Presidential Palace
12.20pm: visit Abu Dhabi Crown Prince at Presidential Palace
5pm: private meeting with Muslim Council of Elders at Sheikh Zayed Grand Mosque
6.10pm: Inter-religious in the Founder's Memorial


Tuesday, February 5 - Abu Dhabi to Rome
9.15am: private visit to undisclosed cathedral
10.30am: public mass at Zayed Sports City – with a homily by Pope Francis
12.40pm: farewell at Abu Dhabi Presidential Airport
1pm: departure by plane to Rome
5pm: arrival at the Rome / Ciampino International Airport

THE BIO

BIO:
Born in RAK on December 9, 1983
Lives in Abu Dhabi with her family
She graduated from Emirates University in 2007 with a BA in architectural engineering
Her motto in life is her grandmother’s saying “That who created you will not have you get lost”
Her ambition is to spread UAE’s culture of love and acceptance through serving coffee, the country’s traditional coffee in particular.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”