Author: Faiza Liaquat
PSX hits a record high, surpassing 54,000 points, fueled by optimism in IMF negotiations, monetary policy expectations, and the prospect of political stability ahead of elections. IMF’s review mission may lead to a $700 million tranche release by December 2023 if talks prove successful.
Pakistan’s Himalayan pink salt, showcased at CIIE, comes from extensive salt deposits, including the world-famous Khewra Salt Mine. Pakistan aims to safeguard its salt’s origin through Geographical Indication, while its exports to China have shown growth, albeit with a slight decline in the first half of this year.
Saudi Arabia has increased its scholarship program, now offering 700 fully funded opportunities in 25 renowned universities for Pakistani students, promoting educational inclusivity. Education Adviser Nadir Alam encourages schools to inform senior students about these opportunities, empowering the next generation of scholars.
Fakhar Zaman’s stunning performance equaled Shahid Afridi’s record for the most sixes in a single ODI during a crucial World Cup match, securing the fastest century for Pakistan. Rain halted the game, granting Pakistan a vital victory in their tournament journey.
Saudi Arabia’s Ambassador to Pakistan offers support to streamline visa processes for Pakistani IT professionals, following a meeting with the Caretaker Federal Minister for IT and Telecommunication.
The 9th Islamabad Literary Festival for 2023 opens with a thematic focus on sustainability and inclusivity, promoting a more sustainable and inclusive world through the power of literature. Notable authors, including the British High Commissioner, gather to celebrate diverse perspectives and creativity, fostering a cultural shift through the written word and artistic expression.
Meezan Apni Bike Financing offers flexibility with 1, 2, or 3-year terms, enabling customers to buy motorcycles from popular brands. Customers in major Pakistani cities can make payments through direct debit, and the financing follows Shariah-compliant Musawammah mode, with strict document requirements based on employment status.
The Pakistan Stock Exchange’s KSE-100 index achieved an “all-time high,” surpassing 53,000 points with a 1 percent gain, signaling improved market confidence. Analysts expect reduced economic and political uncertainties to continue driving the market upward, although valuations remain relatively low when considering dividends and bonuses.
General elections in the country have been set for February 8th next year following discussions between the President and the Chief Election Commissioner, in compliance with a Supreme Court directive. The meeting also assessed the progress of election preparations and delimitation by the Election Commission of Pakistan.
Pakistan leads the ICC World Cup 2023 with the highest catch efficiency, securing 31 out of 37 opportunities and dropping only six catches. The Netherlands closely follows with an 86% catch success rate, reflecting strong fielding performances.