In a significant development for international cricket, West Indies player Devon Thomas has been banned from all forms of the sport for five years after admitting to multiple breaches of anti-corruption rules, as announced by the International Cricket Council (ICC).
(more…)Author: Faisal Shahnawaz
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KIBOR – Karachi Interbank Offered Rates on May 2, 2024
The State Bank of Pakistan (SBP) has released the Karachi Interbank Offered Rates (KIBOR) for various tenors on Thursday, May 2, 2024, providing a crucial snapshot of the prevailing borrowing costs in the interbank market.
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Suzuki Pakistan Drastically Lowers Swift Prices from May 2024
Karachi, May 2, 2024 – In an unexpected turn of events, Pakistan Suzuki Motor Company Limited (PSMCL) has announced substantial price reductions for its Swift car models, effective from May 1, 2024.
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KSE-100 Index Tumbles by 445 Points Amidst Bearish Sentiments
Karachi, May 2, 2024 – In a notably bearish session on Thursday, the KSE-100 Index at the Pakistan Stock Exchange (PSX) closed with a significant drop of 445 points, finishing the trading day at 70,658 points, down from the previous session’s close of 71,103 points.
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Pakistani Banks Report 21% Jump in Profits for 1Q2024
Karachi, May 2, 2024 – Pakistani listed banks have seen a significant increase in profitability in the first quarter of 2024, with a reported gain of 21 percent year-on-year (YoY), reaching a total of Rs 152 billion.
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Rupee Shows Tentative Signs of Recovery on IMF Inflows
Karachi, May 2, 2024 – The Pakistani Rupee exhibited a slight uptick against the US Dollar in Thursday’s interbank trading, buoyed by a recent influx of funds from the International Monetary Fund (IMF).
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SBP Issues Foreign Exchange Rates as of May 2, 2024
Today, May 2, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.
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Canada Announce Squad for T20 Cricket World Cup 2024
In a significant announcement today, Cricket Canada has named its squad for the upcoming ICC Men’s T20 World Cup 2024, appointing all-rounder Saad Bin Zafar as the team captain.
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Pakistan Finalize T20I Squad for Ireland and England Tour
Lahore – Pakistan have announced their T20I squad for the upcoming tours of Ireland and England, with the team set to begin their journey on May 10th in a three-match series against Ireland.
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Pakistan’s Headline Inflation Marks 23-Month Low in April 2024
Islamabad, May 2, 2024 – Pakistan’s headline inflation witnessed a significant reduction in April 2024, reaching a 23-month low of 17.34 percent. This marks a considerable decline from the 20.7 percent recorded in March 2024, and a sharp contrast to the 36.4 percent seen in April 2023.
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