Business

Pak vs SA: Pakistan struggling against South Africa in must-win match

Published

1 year ago

Farwa

Pakistan had won the toss and opted to bat first against South Africa.

Pakistan are struggling against South Africa in must-win match against South Africa at Chennai’s MA Chidambaram Stadium on Friday.

Pakistan lost their openers in the powerplay in their must-win match against South Africa at Chennai’s MA Chidambaram Stadium on Friday.

Skipper Babar Azam and Ifitkhar Ahmed are on the crease for Pakistan, scoring 102/3 after 20 overs.

Both the openers, Imam Ul Haq and Abdullah Shafique, were dismissed by Marco Jansen.

Later, Gerald Coetzee dismissed Mohammad Rizwan during the 16th over to leave Pakistan three down.

Earlier, Pakistan won the toss and opted to bat first which is Pakistan’s fifth appearance in the tournament.

Led by Babar Azam, the team is hoping to rebound from three consecutive upsets against India, Australia and Afghanistan and eyes a victory against the formidable Proteas, captained by Temba Bavuma.

“Every match important so we will try our best. Put runs on the board,” said Babar Azam at the toss.

“We need to improve in all departments, especially fielding and bowling.”

Bavuma, who is returning after an illness, said he was “feeling a lot better”.

“Inspirational performances from the guys, batters are close to their best, areas to improve but a lot of confidence. Not like a T20 World Cup, there’s a lot more here, keep finding that momentum. I would definitely have batted, hopefully will skid on at night,” said the Proteas skipper.

Playing XI

Pakistan: Imam-ul-Haq, Abdullah Shafique, Babar Azam (c), Mohammad Rizwan (wk), Saud Shakeel, Iftikhar Ahmed, Shadab Khan, Mohammad Nawaz, Shaheen Afridi, Mohammad Wasim, Haris Rauf

South Africa: Temba Bavuma (c), Quinton de Kock (wk), Rassie van der Dussen, Aiden Markram, Heinrich Klaasen, David Miller, Marco Jansen, Gerald Coetzee, Keshav Maharaj, Tabraiz Shamsi, Lungi Ngidi

Business

With its second-largest surge ever, PSX approaches 114,000 points.

Published

19 hours ago

Farwa

Driven by renewed activity from both private and government financial institutions, the Pakistan Stock Exchange (PSX) saw its second-largest rally in history on Monday.

The market regained many important levels in a single trading session as it rose with previously unheard-of momentum.

Intraday trading saw a top increase of 4,676 points, and the PSX’s benchmark KSE-100 Index gained 4,411 points to settle at 113,924 points. This impressive rebound demonstrated significant investor confidence by reestablishing the 100,000, 111,000, 112,000, and 113,000-point levels.

The market also saw the 114,000-point limit reestablished during the trading session.

The positive tendency was reflected when the market’s heavyweight shares touched its upper circuits. Among the most busiest trading sessions in recent memory, an astounding 85.78 billion shares worth a total of Rs55 billion were exchanged.

Experts credited the spike to heightened institutional investor activity and hope for macroeconomic recovery. Considered a major market recovery, the rally demonstrated the market’s tenacity and development potential.

Business

In interbank trade, the Pakistani rupee beats the US dollar.

Published

1 week ago

Farwa

In the international exchange market, the US dollar has continued to weaken in relation to the Pakistani rupee.

The dollar fell to Rs278.10 from Rs278.17 at the beginning of interbank trading, according to currency dealers, a seven paisa loss.

In the meantime, there was a lot of turbulence in the stock market, but it recovered and moved into the positive zone. The KSE-100 index recovered momentum and reached 116,000 points after soaring 1,300 points.

Both currency and stock market swings, according to analysts, are a reflection of ongoing market adjustments and economic uncertainty.

Business

Phase II of CPEC: China-Pakistan Partnership Enters a New Era

Published

1 week ago

Farwa

The cornerstone of economic cooperation between the two brothers and all-weather friends is still the China-Pakistan Economic Corridor, the initiative’s flagship project.

In contrast to reports of a slowdown, recent events indicate a renewed vigour and strategic emphasis on pushing the second phase of CPEC, known as CPEC Phase-2, according to the Ministry of Planning, Development, and Special Initiatives.

According to the statement, this crucial stage seeks to reshape the foundation of bilateral ties via increased cooperation, cutting-edge technology transfer, and revolutionary socioeconomic initiatives.

Planning Minister Ahsan Iqbal is leading Pakistan’s participation in a number of high-profile gatherings in China, such as the 3rd Forum on China-Indian Ocean Region Development Cooperation in Kunming and the High-Level Seminar on CPEC-2 in Beijing.

His involvement demonstrates Pakistan’s commitment to reviving CPEC, resolving outstanding concerns, and developing a strong phase-2 roadmap that considers both countries’ long-term prosperity.

At the core of these interactions is China’s steadfast determination to turn CPEC into a strategic alliance that promotes development, progress, and connectivity.

Instead of being marginalised, CPEC is developing into a multifaceted framework with five main thematic corridors: the Opening-Up/Regional Connectivity Corridor, the Innovation Corridor, the Green Corridor, the Growth Corridor, and the Livelihood-Enhancing Corridor.

With the help of projects like these, the two countries will fortify their partnership, and CPEC phase-2 will become a model of global economic integration and collaboration that benefits not just China and Pakistan but the entire region.