Author: Maryam Asrar

The federal government in Islamabad is offering a shorter 20 to 25-day Hajj package with added comforts for pilgrims. The upcoming Hajj Policy for 2024 includes positive changes such as eliminating the lottery system for those paying in dollars, offering extended stays in Medina, and launching a mobile app for easier application processes, benefiting over 90,000 pilgrims under the official scheme.

Petroleum prices are set to drop for the third consecutive time, with diesel and petrol prices decreasing by around Rs5-18 per liter, thanks to favorable exchange rates and fluctuations in oil barrel prices. The government may increase the levy on diesel, while petrol rates will remain stable.

Mohammad Rizwan notched up 2,000 one-day international runs during the World Cup clash against South Africa, showcasing his excellent form with a boundary at the outset of his innings. Rizwan had accumulated 302 runs in the tournament prior to this match.

Honda Pakistan has reduced the prices of its entire vehicle range by up to Rs. 300,000, reflecting the stronger Pakistani Rupee against the US Dollar, delivering good news for Honda enthusiasts. The updated ex-factory prices offer more affordability for Honda cars.

Telenor Pakistan’s Q3 2023 revenue grew by 6.1% YoY, reaching Rs. 28.22 billion, and service revenue increased by 4.2% to Rs. 22.48 billion. The company is actively evaluating strategic options for its Pakistan business, with a decision expected by year-end.

The Pakistan national football team has made impressive strides in the FIFA rankings, now at 193rd place, following a historic victory against Cambodia. Despite facing clearance issues, their 1-0 win in the FIFA World Cup Qualifiers marks a significant milestone for the team.

In the first quarter of fiscal year 2024, Mari Petroleum (MARI) achieved its highest-ever quarterly profit of Rs. 19.1 billion, a 51% YoY increase, driven by increased oil and gas production, wellhead price hikes, and currency depreciation. Earnings per share also rose to Rs. 143.5 from Rs. 95.31.

PNSC’s latest financial statement shows a rise in profit, reaching Rs6.27 billion, despite a decrease in revenue. Cost reductions and increased other income played a key role in driving this growth.

Babar Azam continues as the world’s top ODI batsman in the latest ICC rankings, showcasing his remarkable consistency. The PCB stands behind Captain Babar and the team, despite recent World Cup losses, with their future dependent on their performance.

Standard Chartered Bank Pakistan achieved a record profit, with a substantial increase in income and efficient cost management during the nine months ending September 30, 2023. The bank’s commitment to strategic priorities and financial resilience has contributed to its strong performance in a challenging environment.