On Friday, former all-rounder Shahid Afridi shared his thoughts on Mohammad Hafeez’s appointment as the head coach for the Pakistan national cricket team’s Australia tour.
Afridi remarked that coaching is a distinct role and expressed the hope that Hafeez’s tenure would be suitable for a single tour. He suggested waiting to see how things unfold after the Australia tour. Afridi recommended that pursuing a coaching career in the domestic circuit might be a better approach.
In the announcement, Mohammad Hafeez was named the head coach and director of the Pakistan team. This role encompasses leading the team during the tour of Australia and New Zealand, where Pakistan is scheduled to play three Tests against Australia and five T20Is against New Zealand.
Notably, Shan Masood will captain the Test side, while Shaheen Shah Afridi will lead the T20I side in this new chapter for Pakistan cricket.
Rupee Gains More Value On Friday On The Back Of Approval Of Economic Review By IMF
Meanwhile, in Friday’s interbank session, the Pakistani rupee (PKR) showed resilience against the US dollar, appreciating by more than 88 paisa. The day concluded with the currency settling at PKR 286.5 per USD, a favorable shift from the previous day’s closure at PKR 287.38.
Throughout the trading day, the local unit reached an intraday high bid of 287.05 and a low ask of 286.75.
In the open market, the PKR saw a gain of 50 paisa. Exchange companies quoted buying rates for the dollar at 288 and selling rates at 289, contrasting with the earlier figures of 288.5 for buying and 289.5 for selling.
This positive momentum aligns with the successful staff-level agreement between the International Monetary Fund (IMF) and Pakistani authorities concerning the first review under Pakistan’s Stand-By Arrangement (SBA).
Subject to approval by the IMF’s Executive Board, this agreement will unlock access to SDR 528 million, approximately $700 million, adding to the total disbursements nearing $1.9 billion under the program.
