Cricket News PCB decides to give central contracts to only few players

first_img For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. New Delhi: The Pakistan Cricket Board (PCB) has decided to significantly reduce the number of players who will be given the central contracts later this month. The PCB last year in August had given 12-month central contracts to 33 players in different categories and interestingly only 10 to 12 players in the existing list have played for Pakistan.”For example batsmen Saad Ali, Rahat Ali Rumman Raees, Sahabzada Farhan, Umaid Asif, Talat Hussain, Mir Hamza and Usman Salahuddin hardly played a few games here and there for the national team in different formats,” one source in the PCB pointed out. The PCB has hence decided to reduce the number of players to 15 or 20 who will get the central contracts.”The idea is that central contracts should be given as incentives to players and should be performance-based contracts,” the source said. He said that although the number of players will be reduced in the new central contracts list, the monthly retainers will be enhanced. Recently, the PCB also reduced the number of national women players given central contracts from 15 to 10 but increased their monthly salaries and match fees.The source said that under the revamped domestic cricket system, the board was planning to give domestic central contracts to players who will be picked for the provincial teams for first-class cricket and also play in other formats for their regional outfits.”Each province will have 34 contracted players and if you take his monthly retainer, match fees, win bonuses into account a top player should earn an annual income of around 2 to 2.5 million rupees from just playing in domestic cricket,” the source added. He made it clear that the players who get Pakistan central contracts can play for their provinces in domestic cricket but will not get the domestic contracts.”Initially the PCB plans to directly select the provincial squads and also provide funds for domestic cricket before they become self-sufficient.” The PCB, on the directives of the prime minister Imran Khan, who is patron-in-chief of the board, has announced they are revamping the domestic structure from this season with only six provinces to compete in the first class tournament, and departments and institutions would have no more role to play in domestic cricket. last_img read more

Self-Financing Public Bodies Show $71.9 Billion for Capital Budget in 2019/20

first_imgStory Highlights This is according to the Government’s 2019/20 Fiscal Policy Paper, and Public Bodies Estimates of Revenue and Expenditure, which were tabled in the House of Representatives by Finance and Public Service Minister, Dr. the Hon. Nigel Clarke, on February 14. The sum is $13.5 billion more than the figure for 2018/19, which totalled approximately $58.4 billion, and is expected to result in the entities attaining an overall balance deficit of $3.2 billion over the period. The 2019/20 capital expenditure budget for the 56 Self-Financing Public Bodies (SFPB) is projected at $71.9 billion. The 2019/20 capital expenditure budget for the 56 Self-Financing Public Bodies (SFPB) is projected at $71.9 billion.The sum is $13.5 billion more than the figure for 2018/19, which totalled approximately $58.4 billion, and is expected to result in the entities attaining an overall balance deficit of $3.2 billion over the period.This is according to the Government’s 2019/20 Fiscal Policy Paper, and Public Bodies Estimates of Revenue and Expenditure, which were tabled in the House of Representatives by Finance and Public Service Minister, Dr. the Hon. Nigel Clarke, on February 14.The documents indicate that the National Housing Trust (NHT), National Water Commission (NWC), Port Authority of Jamaica (PAJ), and Petrojam Limited are projected to account for approximately 80 per cent of the expenditure.The NHT’s programmed spend, totalling some $41.3 billion, is the largest of the entities.Approximately $39.4 billion, or 95.4 per cent, is earmarked to finance the commencement of 8,640 housing solutions, comprising houses and residential lots, and complete 4,714, during 2019/20.This sum is just over $2 billion more than the amount spent in 2018/19, which totalled $37.3 billion.The 2019/20 expenditure and activities are part of the NHT’s thrust to complete 23,000 housing solutions by the end of the 2022/23 fiscal year.The entity also plans to disburse approximately $28.2 billion over the new fiscal year under its build-on-own land, open market, and joint mortgage financed programmes, as well as for house lot loans.The NWC’s budget of $7.15 billion, which is the second highest programmed expenditure, will focus on infrastructure rehabilitation.This is expected to reduce the level of non-revenue water as well as operating costs, resulting in lower operational losses, eventual surpluses and improved efficiency and reliable service delivery over the medium term.Key focus areas of expenditure include: $2.64 billion for meter replacement; and $1.2 billion for rehabilitation works under the K-Factor Programme.Development projects are expected to account for approximately 76.4 per cent of the PAJ’s budget, with focus on engagements aimed at facilitating economic growth and development, as well as enhanced security at the island’s ports.These include: phase one of the Port Royal Development, a logistics park in Kingston; completion of the Business Process Outsourcing facility in Portmore, St. Catherine; and acquisition of a Port Community System.Petrojam Limited has made provisions for the phase one commencement of the State oil refinery’s upgrade during 2019/20.The entity plans to spend US$20 million to commence construction of a Vacuum Distillation Unit (VDU).Petrojam also projects to spend US$10.4 million for major maintenance works and rehabilitation of its storage tanks.Meanwhile, the Fiscal Policy Paper indicates that the 56 SFPBs are projected to generate revenue of approximately $406 billion in 2019/20.Over the period, the group is expected to transfer some $16.7 billion in financial distributions and programme support, and remit $45.7 billion in Special Consumption, Ad Valorem and Corporate Taxes to the Government, while approximately $17.2 billion will be transferred to certain entities.Among the transfer beneficiaries are: the Student Loans’ Bureau, through support from the Education Tax; and the Jamaica Urban Transit Company, via fare subsidy/operational support.last_img read more

Japanese Prime Minister Shinzo Abe to visit Canada next weekend April 2728

first_imgOTTAWA — Prime Minister Justin Trudeau will meet with his Japanese counterpart, Shinzo Abe, when the latter visits Canada next weekend.Abe and Trudeau’s two-day meeting on April 27 and 28 will centre on the upcoming G20 summit in Osaka in late June, as well strengthening ties between the two countries.Trudeau’s office says in a statement the two will also discuss the revamped Trans-Pacific Partnership trade deal, which the PMO says has created opportunities in both countries.The Canadian and Japanese leaders are expected to address the media after holding their bilateral meeting.The pair most recently spoke at the Asia-Pacific Economic Cooperation leaders’ meeting in Papua, New Guinea, last November.Abe’s upcoming visit to Canada is part of a week-long trip to Europe and North America that includes stops in the United States, France, Italy, Slovakia and Belgium, as Japan prepares to play host to the G20.The Canadian Presslast_img read more