Islamabad, Oct 21: BCCI Turns Down Latest Proposal for Champions Trophy. Another plan that would have sent India’s cricket squad to Pakistan for the ICC Champions Trophy the following year was apparently turned down by the Board of Control for Cricket in India (BCCI). As worries over India’s prolonged stay in Pakistan during the tournament persist, the Pakistan Cricket Board (PCB) apparently suggested an alternative plan to help its neighbors: the Indian cricket team would have returned to Chandigarh or Delhi following each match in Lahore. A BCCI official has revealed that the board has not received any official contact…
Author: Iqra Khan
Islamabad, Oct 21: Pakistan’s Current Account Reports $119 Million Surplus for September 2024. According to figures provided by the State Bank of Pakistan (SBP) on Monday, Pakistan’s current account reported a surplus of $119 million in September 2024 as opposed to a loss of $218 million in the same month of the previous fiscal year. Compared to the deficit of $1,241 million in the same time of the previous fiscal year, Pakistan’s current account deficit for the first three months of the current fiscal year (3MFY25) is now $98 million, a staggering 92% reduction. It is the lowest quarterly deficit…
Islamabad, Oct 21: Xiaomi Unveils 1440p 180Hz Gaming Monitor Priced Under $200. The Multi-Functional Stand Edition 2025, a new model of Xiaomi’s Redmi Monitor G27Q, has been released in China. This revised model, which is targeted for both recreational and competitive gamers, has a better stand than the original. The 27-inch monitor has a 2.5K (2560 x 1440px) LCD that supports 16.7 million colors, has a 1000:1 contrast ratio, and a maximum brightness of 300 nits. Consistent images from various angles are guaranteed by its 178° wide viewing angle. While the response time is as low as 1 ms, the…
Islamabad, Oct 21: Altern Energy Subsidiary Moves to Terminate Power Contract with Government. A subsidiary of Power Management Company (Private) Limited, Rousch (Pakistan) Power Limited (RPPL), has sent the federal government’s proposal for an early termination of its Power Purchase Agreement (PPA) to its shareholders for review and approval at the Shareholders’ Meeting. Altern Energy Limited (PSX: ALTN) owns the Power Management Company (Private) Limited as a subsidiary. In accordance with the 1994 Power Policy, RPPL has a power plant. It has been working with the Government of Pakistan’s Task Force for Power Sector Reforms (the Task Force). Before the…
Islamabad, Oct 21: Seminar Focuses on Enhancing Pakistan’s Image and Attracting Investment. A breakfast seminar on “Promoting Pakistan’s Image and Investment at the World Economic Forum in Davos” and the importance of the Pakistan Pavilion at the next World Economic Forum (WEF) in Davos in January 2025 was co-hosted by the Karachi Council on Foreign Relations (KCFR) and Pathfinder Group. Through Pakistan’s presence at Davos, Pathfinder Group has been highlighting the numerous prospects accessible to the Pakistani business sector. For the past 20 years, the Pakistan Pavilion has been essential in promoting the nation’s commercial potential and drawing in foreign…
Islamabad, Oct 21: Rupee Declines by 07 Paisa Against the Dollar. In interbank trade, the Pakistani rupee lost seven paisas against the US dollar on Monday, finishing at Rs277.68 as opposed to Rs277.61 the day before. Nonetheless, the Forex Association of Pakistan (FAP) reports that the open market dollar buying and selling rates were Rs277.85 and Rs279.35, respectively. According to the State Bank of Pakistan (SBP), the price of the euro rose by 25 paisa to close at Rs301.27 as opposed to Rs301.02 the previous day. The British pound saw a 46 paisa decline in value, closing at Rs361.56 compared…
Islamabad, Oct 21: DPM Dar to Participate in Commonwealth Summit in Samoa from October 21-26. The Pakistani delegation to the Commonwealth Heads of Government Meeting (CHOGM), which will take place in Samoa from October 21 to 26, 2024, will be led by Senator Mohammad Ishaq Dar, Deputy Prime Minister and Foreign Minister. According to a press release from the Foreign Office, the deputy prime minister and foreign minister will discuss Pakistan’s views on major international issues and challenges at the CHOGM, with an emphasis on economic development, climate change, and enhancing international cooperation within the Commonwealth community. He will highlight…
Islamabad, Oct 21: PCB Offers FREE Entry for Fans on Opening Day of Pakistan-England Final Test in Rawalpindi. The first day of the third Test match between England and Pakistan in Rawalpindi will include free admission to the premium enclosures, according to the Pakistan Cricket Board (PCB). On Day 1 of the first test, which is scheduled for October 24, admission to the Premium enclosures Miran Bakhsh, Yasir Arafat, Sohail Tanveer, and Shoaib Akhtar will be free. Tickets for the same enclosures cost PKR 200 on Day 2 and PKR 300 on Days 3, 4, and 5. The first two…
Islamabad, Oct 21: Abu Bakar Assumes Role as CEO of Pakistan Software Export Board (PSEB). Abu Bakar now serves as the Pakistan Software Export Board’s (PSEB) chief executive officer. He was greeted by senior PSEB personnel, who also gave him an update on current projects and activities that are essential to the organization’s goals. Abu Bakar is a seasoned technology executive and entrepreneur who brings 24 years of international experience to the role, including 15 in executive capacities. He graduated from a prestigious American university with an undergraduate degree and a master’s degree in technology management. Abu Bakar thanked them…
Islamabad, Oct 21: Meezan Bank Reports Record-Breaking Rs. 78.3 Billion Profit in First 9 Months of 2024. According to Arif Habib Limited, Meezan Bank Limited (PSX: MEBL) reported earnings of Rs. 78.3 billion for 9MCY24, a 34 percent YoY increase. Total earnings for 3QCY24 were Rs. 26.2 billion (EPS: Rs. 14.6), showing a 1 percent YoY increase but a 2 percent QoQ decrease. The bank also announced a cash dividend of Rs. 7/share in 3QCY24, bringing the total payout for 9MCY24 to Rs. 21.0/share. The bank’s net profit for 3QCY24 was Rs. 76.9 billion, up 20 percent YoY | 9…
