Pakistan XI bowler Shahid Afridi, right, was one of the stars in action during a Twenty20 match against UK Media XI at Miranshah. Aamir Qureshi / AFP
Pakistan XI bowler Shahid Afridi, right, was one of the stars in action during a Twenty20 match against UK Media XI at Miranshah. Aamir Qureshi / AFP
Pakistan XI bowler Shahid Afridi, right, was one of the stars in action during a Twenty20 match against UK Media XI at Miranshah. Aamir Qureshi / AFP
Pakistan XI bowler Shahid Afridi, right, was one of the stars in action during a Twenty20 match against UK Media XI at Miranshah. Aamir Qureshi / AFP

Shahid Afridi among Pakistan cricket stars to play friendly in Afghanistan


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Thousands of cricket fans cheered on their favourite stars and waved signs proclaiming: "We want peace" at an international exhibition T20 match on Thursday in the former Taliban stronghold of Miranshah, as authorities proudly showcased the area as free of militants.

The friendly match between a Pakistan XI, made up of several former cricketing giants, and a visiting amateur UK XI in the country's restive tribal belt comes weeks after US President Donald Trump blasted Islamabad, accusing the ally of supporting militant safe havens in the region.

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Stretched along the Afghan border, North Waziristan's Miranshah was once a de facto Taliban state that hosted foreign jihadists including leading figures from Al Qaeda and served as a launching pad for attacks into Afghanistan.

But in 2014 the Pakistan army launched a clearance operation in the tribal district to wipe out militant bases and bring an end to a bloody insurgency that has cost thousands of lives since 2004 and strained ties with Washington.

Leading former Pakistan cricket legends Shahid Afridi and Inzamam-ul-Haq took to the lush pitch to the roaring approval of more than 20,000 fans, who had been massing since early in the morning for the rare chance to see a form of international cricket played live.

"It feels like I'm in Gaddafi stadium in Lahore or in Islamabad today. It doesn't feel like the old Miranshah infested by the militants," said Fahimullah, a 31-year-old school teacher.

Pakistan XI batsman Yasir Hameed had fun with the bat at the Younis Khan Cricket Stadium in Miranshah. Aamir Qureshi / AFP
Pakistan XI batsman Yasir Hameed had fun with the bat at the Younis Khan Cricket Stadium in Miranshah. Aamir Qureshi / AFP

Batting first, Pakistan scored 254 runs in the 20-over match, with the UK batsmen struggling to reach 121-7.

There was some confusion between players and scorers over the precise final figures.

Alex Massie, a player for the UK side, tweeted that Pakistan lost only one wicket, confirming that his side lost seven.

"I nearly got Inzaman out caught behind," he said. "An astonishing, magical time," he added. "What a place to visit."

Pakistan's former captain Inzamam and the immensely popular Afridi hit some towering sixes and brisk boundaries leading their team to victory against the British side.

A Pakistani spectator carries a placard denouncing terrorism at the Younis Khan Cricket Stadium. Aamir Qureshi / AFP
A Pakistani spectator carries a placard denouncing terrorism at the Younis Khan Cricket Stadium. Aamir Qureshi / AFP

Afridi said he had never imagined he would ever visit Miranshah, but added: "I was very excited to go there and play - and with the grace of God, I am here."

He added the match would send a message to the world that all of Pakistan was safe for international cricket and security had  greatly improved.

Fans also seemed impressed.

"I have not seen such a big match here before today," schoolboy Faizan Khan said. "We could not go out earlier because of Taliban. The situation was very bad then, but now they have disappeared, I don't know where have they gone."

UAE currency: the story behind the money in your pockets
Gothia Cup 2025

4,872 matches 

1,942 teams

116 pitches

76 nations

26 UAE teams

15 Lebanese teams

2 Kuwaiti teams

What's in the deal?

Agreement aims to boost trade by £25.5bn a year in the long run, compared with a total of £42.6bn in 2024

India will slash levies on medical devices, machinery, cosmetics, soft drinks and lamb.

India will also cut automotive tariffs to 10% under a quota from over 100% currently.

Indian employees in the UK will receive three years exemption from social security payments

India expects 99% of exports to benefit from zero duty, raising opportunities for textiles, marine products, footwear and jewellery

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.”

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4.10pm: Handicap Dh165,000 (D) 2,000m, Winner: Gundogdu, Xavier Ziani, Salem bin Ghadayer.

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5.55pm: Handicap Dh175,000 (T) 1,800m, Winner: Dolman, Richard Mullen, Satish Seemar.

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Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

Sri Lanka-India Test series schedule
  • 1st Test India won by 304 runs at Galle
  • 2nd Test Thursday-Monday at Colombo
  • 3rd Test August 12-16 at Pallekele
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