Author: Ashir Awan
The Pakistan Stock Exchange (PSX) surged beyond the 99,000 mark during intraday trading on Friday, with the KSE-100 Index climbing 2.2%, adding 2,140.73 points to settle at 99,469.12. The market reached a peak of 99,623.03, fueled by robust activity in key sectors such as automobile, cement, and commercial banks. The rally reflects easing political concerns and investor confidence bolstered by improved economic indicators. Experts, including Bloomberg, predict Pakistan’s stocks could climb 27-34% by December 2025, signaling a promising future for the market. #PSX #StockMarket #KSE100 #InvestorOptimism #PakistanEconomy #EconomicGrowth
Former Pakistan captain Sarfaraz Ahmed, celebrated for leading the nation to its first-ever ICC Champions Trophy win in 2017, will participate in the trophy tour in Karachi. The trophy will be showcased at Mohatta Palace, with Sarfaraz joining for a photoshoot post-Friday prayers, commemorating his historic achievement. Though interactions with fans won’t be included, the event highlights the pride and joy of Pakistan’s remarkable 180-run victory over India in the 2017 Champions Trophy final, a moment etched in cricket history. #SarfarazAhmed #ICCChampionsTrophy #PakistanCricket #MohattaPalace #HistoricVictory
The Economic Coordination Committee (ECC) has sanctioned a three-month Winter Relief Package to aid domestic and industrial electricity users, running from December 2024 to February 2025. The initiative introduces a special tariff of Rs. 26.07 per kWh for consumers exceeding 200 units monthly, including industrial, commercial, and general service users. This package aims to promote increased electricity use while alleviating reliance on gas supplies. Consumption benchmarks will be set based on either current usage or a three-year average, ensuring flexibility. The ECC anticipates this plan will ease energy costs for households and industries while improving gas supply management during winter.…
Lahore Qalandars have unveiled their squad for the inaugural ExxonMobil Guyana Global Super League (GSL), blending international stars, seasoned locals, and emerging talents. Representing Pakistan’s PSL champions, key players include Faheem Ashraf, Muhammad Akhlaq, Mirza Tahir Baig, and Arif Yaqoob, set to lead the charge in Guyana from November 27 to December 7, 2024. The international lineup features South Africa’s Tabraiz Shamsi, West Indies’ Carlos Brathwaite, and English players Tom Abell, Luke Wells, and Adam Rossington, alongside Canadian pacer Kaleem Sana. Staying true to their legacy, the Qalandars have also included four graduates from their Player Development Program, highlighting their…
Asghar Ali Ghanchi, a celebrated Pakistani cinematographer and director, has crafted an inspiring journey from local film sets to global recognition. Known for his exceptional work in feature films, TV commercials, and music videos, his unique visual style is instantly recognizable, earning accolades from audiences and critics alike. Beyond his artistic achievements, Ghanchi is passionate about mentoring aspiring filmmakers, sharing his expertise, and fostering creativity in the next generation. His story is a testament to the transformative power of dedication and talent in Pakistan’s growing film industry. #FeatureFaces #ProudPakistan #AwardWinner #FilmMaker
The Pakistani rupee (PKR) broke its three-day losing streak today, posting gains against the US Dollar (USD) after opening at 278 in the interbank market. The PKR showed a bullish trend throughout the day, closing at 277.95, appreciating by 0.03% or 8 paisas. In addition to strengthening against the USD, the rupee also gained against several other major currencies. The interbank rate remained steady at 278/$ most of the day before finally closing at 277, while open market rates varied between 278 and 281
Prime Minister Shehbaz Sharif has recognized the exceptional efforts of Federal Board of Revenue (FBR) officer Ijaz Hussain, who uncovered a massive sales tax fraud worth trillions of rupees. During a meeting at the PM House, the Prime Minister presented Hussain with a commendatory shield and a Rs. 5 million award, praising his dedication and honesty in tackling tax evasion. This recognition is part of the ongoing FBR reforms aimed at curbing tax evasion and improving the tax system. The fraud, involving the use of an 80-year-old woman’s credentials, was flagged by Hussain earlier this year. The government is committed…
To facilitate Hajj pilgrims, the government has announced a fast-track service for passport issuance, enabling applicants to receive their passports within 24 hours. This initiative aims to streamline preparations for the 2025 pilgrimage. Director General of Passports Mustafa Jamal Qazi shared that special desks have been established at the Directorate General headquarters and regional passport offices across the country. These desks will ensure swift processing, minimizing delays and providing convenience for aspiring pilgrims. #Hajj2025 #PassportService #FastTrack #PilgrimagePreparation #PakistanHajj
Pakistan’s IDEAS 2024 defense exhibition kicked off in Karachi, featuring 550 exhibitors, including 340 international defense companies and officials from 55 countries. The event, running from November 19-22, highlights the latest advancements in both modern and traditional defense equipment. One of the key highlights is the Haider tank, showcased by Anza Aqeel from Heavy Industry Taxila. The third-generation tank features auto-tracking capabilities, a remote-control weapon system, and a cruising range of 470 kilometers. It also boasts the ability to fire both day and night, with an autoloading system capable of firing up to eight rounds per minute. Additionally, the event…
Raising the Bar in Public Education Starting April 2025, the federal government will implement the Cambridge Education System in four government model schools and colleges in Islamabad. Spearheaded by the Ministry of Education, this initiative aims to deliver world-class education entirely free of cost to enrolled students. A Milestone in Educational Reform Education Minister Khalid Maqbool Siddiqui praised the move as a groundbreaking effort to elevate public education standards. The program reflects the government’s commitment to equal opportunities and academic excellence for all.