Pakistan’s cricket team, once a powerhouse that delivered iconic moments like the 1992 ODI World Cup win and the 2009 T20 World Cup triumph, is now facing a significant decline. The team’s recent poor performances, highlighted by their exit from the 2023 ODI World Cup and a 2-0 Test series whitewash against Bangladesh, have … Read more
ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ending September 5, 2024, recorded a 0.15% decrease, according to data released by the Pakistan Bureau of Statistics (PBS) on Friday. This marks the fourth consecutive weekly decline in the SPI, bringing it down to the lowest level in three years. The PBS report highlighted significant … Read more
ISLAMABAD: The unprecedented and extremely high tax measures leading to a huge increase in cement prices have led to a steep decline in demand for cement. Cement despatches declined by 25.68% in August 2024. Total Cement despatches during August 2024 were 3.366 million tons against 4.528 million tons despatched during the same month of last … Read more
Gold prices in Pakistan continued their downward trend on Wednesday, marking the second consecutive session of decline as international rates also dropped. In the local market, the price of gold per tola fell by Rs1,400, settling at Rs260,100. Similarly, the price of 10-gram gold decreased by Rs1,200, bringing it down to Rs222,994, according to figures … Read more
Pakistan’s oil marketing companies (OMCs) experienced a 14% year-on-year decline in sales for August 2024, with total volumes reaching 1.21 million tons, largely due to the impact of the monsoon season. However, there was a 2% month-on-month increase. During the first two months of the fiscal year 2024-25 (2MFY25), total sales fell by 12% year-on-year, … Read more
KARACHI: With under an insignificant 1% contribution to greenhouse gas emissions that drive global warming, Pakistan is among the most exposed nations facing the dire consequences of climate change, including severe weather and environmental degradation, according to the latest findings. In the midst of this already present factor, a slight decline has been noted in … Read more
ISLAMABAD: In a surprising turn of events, gold prices in Pakistan saw a significant rise on Saturday, even as global markets experienced a downturn. The price of gold per tola in the local market surged by Rs1,000, reaching Rs262,500, contrasting sharply with the international trend where rates dipped. According to the All-Pakistan Gems and Jewellers … Read more
ISLAMABAD: The federal government has revised its inflation forecast for August to a single digit, setting the stage for potential reductions in the interest rate by the central bank during the upcoming monetary policy meeting. The Finance Ministry, in its monthly economic outlook released on Friday, projected inflation to hover between 9.5% and 10.5% in … Read more
1724744324-0/Untitled-design-(13)1724744324-0.jpg "Rashid Latif criticizes decline in Pakistani fast-bowlers’ pace after Rawalpindi loss D Trends")
Former cricketer Rashid Latif has voiced concerns over the declining pace in Pakistan’s fast-bowling attack, attributing the team’s recent struggles, including a historic loss to Bangladesh in Rawalpindi, to this significant drop in speed. Latif pointed out that the pace of Pakistan’s top fast bowlers, once their main strength, has decreased drastically, impacting their effectiveness. “There … Read more
Shell Pakistan Limited (SPL), a subsidiary of Shell Petroleum Company Limited, reported a profit of Rs1.13 billion for the quarter ending June 30, 2024. This figure reflects a significant year-on-year decline of over 86% compared to the Rs8.3 billion profit recorded during the same period last year. The company’s earnings per share (EPS) for the … Read more