Author: Faiza Liaquat
In a groundbreaking move, investors demonstrated overwhelming support on Friday by pledging a significant financing amount of Rs. 479 billion in the auction of one-year Ijarah Sukuk at the Pakistan Stock Exchange (PSX). This exceeded expectations by 16 times, far surpassing the initial target of Rs. 30 billion, according to unofficial reports pending official confirmation from the Ministry of Finance. This auction marked a departure from the norm, as it represented the Ministry of Finance’s first auction at the PSX, a departure from the traditional practice of conducting such auctions through the State Bank of Pakistan (SBP). While official results…
Pakistan secures a spot in the Junior World Hockey Cup quarter-finals with a thrilling 1-1 draw against Belgium, highlighted by Arbaz Ahmed’s crucial goal. The team’s resilience will be tested in the upcoming clash against Spain, while India advances, set to face the Netherlands in the quarter-finals after defeating Canada.
Sindh government, with Asian Development Bank support, is set to introduce 200 electric buses to Bus Rapid Transport feeder routes, targeting a daily benefit for 50,000 commuters and a long-term boost to environmental sustainability and cost efficiency through solar power integration.
In the U19 Asia Cup kickoff, Pakistan cruised to a 7-wicket victory over Nepal, thanks to Mohammad Zeeshan’s outstanding bowling and solid batting performances by Azan Awais and captain Saad Baig.
Pakistan dominated the Junior Hockey World Cup, securing a 4-0 victory against New Zealand with Arshad Liaquat’s hattrick and Captain Abdul Hanan Shahid’s goal. The upcoming clash against Belgium on December 9th holds the key to Pakistan’s quarter-final berth.
In a current warm-up match, Pakistan’s captain Shan Masood declared the innings at 391-9 after showcasing his skill with a double century, while Australia’s Prime Minister’s XI, led by Jordan Buckingham’s strong bowling performance, is at 113-2 in response.
Pakistan’s Karate team shone at the 7th South Asian Championship in Nepal, securing 18 medals, including two golds by Arzoo Khan and Laiba Zia. Their exceptional performance deserves national acclaim and support as they prepare for future international competitions.
Former captain Babar Azam gracefully walked off the field despite an umpire’s not-out decision in the warm-up match against the Australian Prime Minister’s XI. Led by Shan Masood’s unbeaten 156, Pakistan finished the day strong at 324-6, gearing up for the upcoming Test series against Australia.
The Pakistani rupee extended its seven-day rally against the US Dollar, closing at 284.14, a gain of 24 paisas. Market optimism prevails for the rupee staying positive in December 2023, amid anticipated election-related volatility.
Pakistan’s men’s baseball team clinched their first win in the Asian Baseball Championship with a 4-1 triumph over Thailand, propelled by 18-year-old pitcher Musharaf Khan’s outstanding display of 27 outs in 9 innings. Despite previous setbacks, this victory boosts Pakistan’s standing as they head to the ‘Placement Round’ in pursuit of a favorable finish in the tournament.
