Author: Maryam Asrar

Pakistan Refinery Limited (PRL), a subsidiary of Pakistan State Oil Company Limited (PSO), has achieved a historic production milestone for petroleum products in September. The announcement came through PRL’s notice to the Pakistan Stock Exchange (PSX). In the notice, PRL highlighted that successful strategic shifts and efficient operations led to record-breaking sales and production levels, boosting profitability. PRL achieved an unprecedented average feed rate of 5,340 tons. Notably, the production of middle distillate exceeded 77,000 tons, with diesel reaching 73,423 tons, an all-time high for the refinery. The company also reported the highest-ever diesel sales of over 82,000 tons in…

After a prolonged wait, Pakistani journalists have finally been granted visas by Indian authorities to cover the ongoing ODI World Cup 2023, including the highly anticipated match between Pakistan and India at the Narendra Modi Stadium in Ahmedabad on October 14. PCB Chief Zaka Ashraf, who had pressed for expedited visa approvals, is also set to arrive in India alongside the journalists. A total of 60 Pakistani journalists will be covering the World Cup, despite facing stringent visa checks due to Pakistan being on the Prior Reference Category (PRC) list. Zaka Ashraf postponed his journey to India until the visas…

A decade into its operation, the China-Pakistan Economic Corridor (CPEC) is significantly impacting Pakistan’s socio-economic landscape. Let’s explore the key statistics: With continued projects and verifiable data on jobs, power access, healthcare, skills training, and trade growth, CPEC appears to be a game-changer for Pakistan, in line with its envisioned goals.

The International Monetary Fund (IMF) has released its latest report, forecasting a positive outlook for Pakistan’s economic indicators in FY24. It anticipates a notable improvement in Pakistan’s GDP growth rate, projecting it to be 2.5%, a significant recovery from the -0.5% projected for 2023. Furthermore, the report indicates expectations of a -1.8% current account balance in 2024, compared to -0.7% in 2023. Unemployment is also predicted to decrease to 8% in 2024, down from 8.5% in 2023. Inflation is expected to decline to 23.6% in 2024, a reduction from the 29.2% recorded in 2023. The IMF’s projection for Pakistan’s general…

The recent trend in the exchange rate between the US Dollar and the Pakistani Rupee has witnessed a significant shift. For the past three months, the Dollar had maintained a higher value against the Rupee. However, a noteworthy change occurred on Wednesday morning in the interbank market when the US Dollar dropped by 86 paisas, bringing its value to Rs279.65. This is the first time in three months that the Dollar has fallen below the Rs280 threshold in the interbank market. Similarly, in the open market, the US Dollar also saw a substantial decline, falling below the Rs280 mark and…

The Pakistan Stock Exchange has revealed the highly anticipated roster of recipients for the Top 25 Companies Awards of 2022. These awards recognize companies that have displayed exceptional financial and managerial performance. The list includes: These prestigious PSX Top 25 Companies Awards have been a tradition since 1978, recognizing exceptional companies listed on the Stock Exchange. The criteria for these awards include a minimum dividend distribution of 30 percent and the condition that the company’s shares must have been traded on at least 75 percent of all trading days in one year. The primary stock exchange evaluates listed firms based…

After Pakistan’s impressive six-wicket victory over Sri Lanka in an ICC World Cup match in Hyderabad, star batsman Mohammad Rizwan dedicated his remarkable 131-run score to the besieged Palestinians in Gaza, who have been enduring indiscriminate Israeli strikes. The Pakistani team successfully chased down a record target of 345 in 48.2 overs, with Rizwan and opener Abdullah Shafique (113) playing pivotal roles in achieving this feat with 10 balls to spare. Rizwan expressed his support for Gaza on social media, giving credit to his teammates and showing gratitude to the Indian fans for their hospitality and support in Hyderabad.

A white paper released by China’s State Council Information Office on October 10, titled “The Belt and Road Initiative: A Key Pillar of the Global Community of Shared Future,” highlights the significant achievements of the Belt and Road Initiative (BRI) over the past decade. The BRI has delivered tangible benefits to participating nations, serving as a welcomed public good and cooperation platform. The paper emphasizes the international community’s positive reception of the initiative and its substantial outcomes. The white paper sheds light on China-Pakistan cooperation in various sectors during this period, such as policy coordination, infrastructure development, trade, financial integration,…

Pakistan’s cricket captain, Babar Azam, is not only celebrated for his exceptional batting prowess but also for his benevolent and friendly demeanor. His fan base extends across borders, valuing him for not just his cricketing skills but also for his amicable personality and philanthropy. In a recent heartwarming act, the captain of the Green Shirts endeared himself even further to fans and netizens worldwide, earning the title of a “king” from many. During a visit to the Rajiv Gandhi International Cricket Stadium in Hyderabad, the world’s top-ranked ODI batsman presented his jersey as a gift to the ground staff. This…

After the successful launch of the Honda CG 125S Gold, the renowned Japanese motorcycle manufacturer, Atlas Honda, has unveiled an exciting development bound to thrill motorcycle enthusiasts nationwide. In a recent social media announcement, Atlas Honda introduced an enticing 6-month installment plan with ‘0% markup’ in collaboration with Alfa Mall. The response from the audience has been overwhelmingly positive, with the post proudly proclaiming, “You can now acquire your very own Honda CG125S Gold Motorcycle from Alfa Mall with 0% markup for 6 months.” This offer presents a fantastic opportunity for motorcycle enthusiasts who have set their sights on the…