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.
Easypaisa and Telenor Pakistan have joined forces to elevate digital financial services in Pakistan, focusing on cutting-edge solutions for widespread adoption. This strategic alliance, marked by a commitment to technological empowerment, aims to reshape the country’s digital payments landscape, fostering innovation and financial inclusion for a digitally empowered society.
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.
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.
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.
Avoid the news because it’s always too negative? Don’t worry! We focus on the positive in Pakistan.
