Author: PakPositive Staff
Qist Bazaar celebrates a milestone with 2 billion in sales, reflecting accelerated growth in 8 months and a significant impact on Pakistani lives through accessible essential products and ethical business practices. CEO Arif Lakhani emphasizes the platform’s joy in serving the unique needs of the average Pakistani.
As international petrol prices decrease by $5.49 per barrel, Pakistan’s caretaker government is expected to bring relief to the public with a potential Rs13 per litre reduction in petrol prices. If implemented, the new rates would be Rs268.34 per litre for petrol and Rs274.79 per litre for diesel.
HBL was honored as the “Leading Remittance Mobilizing Bank of Pakistan” at the 3rd Pakistan Remittance Summit for channeling over $2 billion in FY2023. Khaqan Mohammed Khan highlighted HBL’s dedication to providing secure and affordable remittance services to support the Pakistani economy.
Mari Petroleum (PSX: MARI) has entered the billion-dollar club on the Pakistan Stock Exchange, reflecting the dynamic growth in the country’s stock market. This achievement comes as part of a significant expansion, with the number of companies exceeding $1 billion market value increasing from two to seven in just five months.
In November 2023, Roshan Digital Accounts recorded foreign exchange inflows of $7.035 billion, with $1.531 billion repatriated and $4.322 billion utilized locally, reflecting the program’s substantial impact. The total number of accounts opened surpassed 640,000, indicating continued growth and trust in the initiative.
Pakistan anticipates a substantial decrease in fuel prices on December 15, with projections hinting at a Rs. 15/liter drop for High-Speed Diesel and Rs. 13/liter for MS Petrol, influenced by a favorable trend in global fuel prices. If international stability persists, local petrol and diesel rates may reach around Rs. 268-269/liter and Rs. 274-275/liter, respectively.
Mari Petroleum has triumphed in testing its third horizontal well in the Mari Gas Field, producing 17 MMSCFD. The project aims to enhance production sustainability and reserve recovery, with plans for further wells underway.
In September 2022, Haval and SAZGAR Engineering partnered to introduce Pakistan’s inaugural locally assembled hybrid vehicle, the Haval H6 HEV, now the country’s most sought-after SUV, celebrated for its powerful features and showcased in a cinematic-quality TV commercial.
Pakistan’s stock market reaches unprecedented heights, with the KSE-100 index surging 2.33%, driven by positive economic indicators and an imminent IMF loan tranche release. Analysts anticipate a boost in overall economic conditions.
The Pakistan Stock Exchange (PSX) reached an unprecedented high, surging past 65,000 points within hours, with the KSE-100 index peaking at 65,872 points amidst a bullish market trend and significant trading activity. Key players included K-Electric Limited, Kohinoor Spinning Mills Limited, and Oil and Al Shaheer Corporation Limited.