Islamabad, Oct 27: Romina Khurshid Advocates for Regional Climate Action Data Bank to Support Evidence-Based Climate Response. In a recent high-level meeting with representatives of the V20 member nations, Prime Minister’s Coordinator on Climate Change Romina Khurshid Alam reaffirmed Pakistan’s commitment to strengthen regional cooperation among the Vulnerable Twenty (V20) Group, which represents 70 nations from the most climate-vulnerable regions. She also promised her full support for the establishment of the V20 Climate Action Data Bank. The PM’s climate aide said in a news release released here on Sunday that “establishing the proposed data bank would be indeed a groundbreaking…
Author: Iqra Khan
Islamabad, Oct 27: OGRA Approves Import of 266,000 Metric Tons of Diesel Amid Rising Local Sales. The Oil and Gas Regulatory Authority has denied reports that the nation has sufficient supply of HSD in its refineries and doesn’t require imports from other countries. It explained that because of the Federal Government’s anti-smuggling campaign and the beginning of the agri-season, HSD sales in October 2024 are up 21% from the anticipated sales. According to the most recent sales and stocks report, the strong sales have depleted the stockpiles that refineries had reported as being high, leaving only enough to cover 19…
Islamabad, Oct 27: PSX in 2024, A Landmark Year for IPOs as Rs. 8.4 Billion Raised to Date. With the help of the stock market’s outstanding performance and an improved economic environment, Pakistan’s IPO market has experienced a notable resurgence in CY24. A report by Arif Habib Limited claims that the successful negotiation of the USD 7 billion IMF Extended Funding Facility, along with important macro factors like a downward inflation trajectory, monetary easing, and stable currency, have created an environment that is favorable for equity offerings, attracting investor interest and enabling strong capital raising activities on the Pakistan Stock…
Islamabad, Oct 27: Fauji Fertilizer Doubles Stock Returns in Just Five Months. With a 100 percent return from Rs. 148/share to Rs. 284/share, including a dividend of Rs. 10/share over the previous five months, Fauji Fertilizer Company (PSX: FFC) has so far produced an outstanding performance at the main exchange. In a brief analysis, Topline Securities stated that the merger with Fauji Fertilizer Bin Qasim, the purchase of Agritech shares, a high dividend yield, and good corporate profitability were the main drivers of the share price’s recent highs. There are 4.23 million shares of FFC listed on the primary exchange…
Islamabad, Oct 27: Pakistan Officially Appoints New White-Ball Captain. The new white-ball captain and vice-captain of the national team have been announced by the Pakistan Cricket Board (PCB). The forthcoming limited-overs tour of Australia will mark the beginning of the new captain’s responsibilities. Mohammad Rizwan, Pakistan’s veteran wicket-keeper batsman, has been formally named the limited-overs captain, with all-rounder Salman Ali Agha serving as his deputy. Pakistan had earlier revealed their teams for the forthcoming trips of Zimbabwe and Australia. In addition to leading the team in the T20Is in Australia, Rizwan is a member of the ODI squad for both…
Islamabad, Oct 27: Pakistan Officially Requests Additional ¥10 Billion Loan from China. In order to alleviate its external funding requirements, Pakistan has asked China for another loan of CN ¥10 billion ($1.4 billion). During the IMF/WB annual meetings in Washington, China’s Vice Minister of Finance Liao Min heard this plea from Finance Minister Muhammad Aurangzeb. He wanted the current Currency Swap Agreement (CSA) to be increased to ¥40 billion. Pakistan is requesting this increased ceiling in order to fortify its reserves after having already used the existing ¥30 billion ($4.3 billion) capacity to settle debt obligations. The facility would cost…
Islamabad, Oct 27: Polling Begins for Parliamentary Elections Across Uzbekistan. Voting for Uzbekistan’s Sunday parliamentary and local elections began this morning, and many people have already begun to cast their ballots at polling places in the nation’s capital, Tashkent, as well as other areas. Young people, women, and people of all ages began converging at polling places in Tashkent and other areas to cast their ballots this morning.Voting for the parliamentary elections has begun in every Uzbek region.Around 5.9 million people cast ballots in various parts of the country. Including Tashkent, Samarkand, Bokhara, Karakalpakistan, and the Ferghana Valley, according to…
Islamabad, Oct 27: MoIB Releases Special Song for Kashmir Black Day. On the occasion of October 27, Kashmir Black Day, the Ministry of Information and Broadcasting issued a special song in opposition to India’s unlawful takeover of the region in 1947. On the occasion of Kashmir Black Day, the song “Hum Pakistani Hain, Pakistan Hamara Hai” shows support for the people of Indian-Occupied Kashmir.The song’s images and videos draw attention to the horrors committed by India against the people of Occupied Kashmir.
Islamabad, Oct 27: Chinese Ambassador Emphasizes Regional Cooperation and Security at SCO and BRICS Summits. Jiang Zaidong, the Chinese ambassador to Pakistan, has emphasized the growing and changing relationship between China and Pakistan, calling it unique and unmatched. Speaking to a small group of reporters present at the Chinese Embassy, he emphasized the importance of Chinese President Xi Jinping’s attendance at the 16th BRICS Summit, which attracted international attention, including from Pakistan, and was held in Kazan, Russia, from October 22 to 24, 2024. Ambassador Jiang referred to the Shanghai Cooperation Organization (SCO), which was founded with China’s participation 23…
Islamabad, Oct 27: Pakistan Inaugurates Pavilion at 31st Yangling Agricultural High-Tech Expo. With the theme New Quality Productive Forces, a New Future for Agriculture, the 31st Yangling Agricultural High-Tech Expo kicked off in Yangling, Shaanxi, and will run for five days. This morning, Pakistan, the honored guest nation for this year, hosted the inaugural ceremony for its pavilion. The ribbon-cutting ceremony was co-presided over by Shaanxi Vice Governor Dou Jingli and Pakistan’s ambassador to China, Khalil Hashmi. He Ling, Deputy Party Secretary and Executive Deputy Director of the Yangling Demonstration Zone; Ghulam Ali, Chairman of the Pakistan Agricultural Research Council;…
