Author: newsdesk

  • Knitwear tops the list: Pakistan’s exports surge by 25.54%

    In the fiscal year 2023–24, Pakistan’s exports, denominated in rupees, experienced a notable 25.54 per cent increase during the first quarter (Q1) compared to the previous year, as per the Pakistan Bureau of Statistics (PBS).

    Between July and September 2023, exports amounted to Rs2,013,533 million, marking a 25.54 per cent boost from the same period in the previous year, according to PBS’s provisional data.

    Looking at year-on-year figures, September 2023’s exports surged by 31.27 per cent, totaling Rs737,295 million, compared to Rs561,643 million in September 2022.

    On a month-to-month basis, exports grew by 6.06 per cent, reaching Rs737,295 million in August 2023.

    Key export categories in August 2023 included knitwear (Rs103,029 million), readymade garments (Rs74,608 million), bed wear (Rs69,234 million), cotton cloth (Rs51,891 million), oil seeds, nuts, and kernels (Rs46,571 million), cotton yarn (Rs33,815 million), rice and others (Rs32,324 million), towels (Rs25,116 million), rice basmati (Rs19,008 million), and miscellaneous articles, excluding towels and bed wear (Rs16,922 million).

    On the other hand, imports during July to September 2023 (FY2023-24) totaled Rs3,560,763 million, showing a decrease of 2.45 per cent compared to the same period in the previous year.

    In a year-on-year comparison, imports into Pakistan during September 2023 amounted to Rs1,189,167 million, a 2.52 per cent decline from September 2022.

    Month-on-month data indicated a 10.62 per cent increase in imports in September 2023 compared to August 2023.

    Key imported commodities in September 2023 included petroleum products (Rs162,087 million), petroleum crude (Rs146,179 million), liquefied natural gas (Rs75,331 million), palm oil (Rs61,388 million), plastic materials (Rs49,628 million), electric machinery and apparatus (Rs44,699 million), iron and steel (Rs44,191 million), mobile phones (Rs37,093 million), iron and steel scrap (Rs27,299 million), and pulses/leguminous vegetables (Rs22,208 million).

  • Private airlines seize opportunity to charge high fares amid PIA flight disruptions

    Private airlines seize opportunity to charge high fares amid PIA flight disruptions

    Pakistan International Airlines (PIA), the nation’s flagship carrier, is grappling with operational challenges caused by a shortage of fuel. 

    Concurrently, private airlines are capitalising on this situation for their own advantage.

    In light of the disruption in PIA’s flight operations, private airlines have swiftly increased their fares. Domestic flights are now priced at a range of Rs40,000 to Rs70,000, with Lahore-Karachi routes reaching as high as Rs49,000 per seat. 

    Meanwhile, one-way fares from Karachi to Islamabad are commanding prices between Rs55,000 and Rs61,000.

    This development follows a week of disruptions in PIA’s domestic flight schedule, resulting in a surge of intending passengers. A spokesperson for a private airline attributed the disparity in demand and supply to this sudden influx of travellers.

    Simultaneously, PIA’s financial predicament is deepening, with the cancellation of 35 domestic and foreign flights. The interruption in fuel supply has also caused significant delays for both domestic and international flights across the country. Airline administrations have scrambled to create new departure schedules for these affected flights.

    Regarding outstanding dues, the Pakistan State Oil (PSO) revealed that PIA owed Rs3.45 billion for fuel supplied between October 1 and 18, with an additional Rs195 million provided on the mentioned Thursday. 

    The total liabilities for the current month have reached Rs2.11 billion, compounding PIA’s existing debt of Rs26 billion accumulated over the years. A provisional agreement between PSO and PIA for daily fuel supply in exchange for daily payments has been established.

    The current turmoil in PIA’s flight operations is primarily attributable to the suspension of fuel supply by the Pakistan State Oil due to non-payment of dues. 

    According to Samaa, the suspension has impacted Karachi, Lahore, Islamabad, and Peshawar, although international flights remain unaffected. PIA’s financial woes have already led to flight cancellations and delays, making the fuel supply suspension a significant setback for the struggling airline.

  • Pakistan’s forex reserves surge by $67 million to reach $7.7 billion

    Pakistan’s forex reserves surge by $67 million to reach $7.7 billion

    The State Bank of Pakistan (SBP) reported a notable weekly surge in foreign exchange reserves, with an increase of $67 million, reaching $7.7 billion as of October 13, as per the latest data release on Thursday.

    In total, the nation’s readily available foreign reserves amounted to $12.9 billion, with commercial banks holding $5.2 billion in net foreign reserves. The central bank did not provide a specific explanation for this increase.

    During the week concluding on October 13, 2023, the SBP’s reserves climbed by $67 million, reaching a total of $7,714.0 million, according to the SBP’s statement. This follows a previous week’s increase of $31 million.

    Notably, in July of this year, the central bank’s reserves received a significant boost when Pakistan received an initial disbursement of approximately $1.2 billion from the International Monetary Fund (IMF), following the approval of a new $3-billion stand-by arrangement. Additionally, inflows from Saudi Arabia and the UAE contributed to this increase.

    Nevertheless, the central bank’s reserves have faced pressure due to ongoing debt repayments, increased import expenditures following the easing of restrictions, and a lack of fresh inflows.

  • World Cup 2023: India defeats Bangladesh by seven wickets to register fourth victory

    World Cup 2023: India defeats Bangladesh by seven wickets to register fourth victory

    In the 17th match of the ICC ODI World Cup, India won its fourth consecutive victory in the event by defeating Bangladesh by seven wickets.

    Bangladesh captain Najamul Hasan Shanto won the toss and decided to bat first in the match played in Pune.

    Opening batsmen Tanzid Hasan and Liton Das put on a wonderful opening partnership of 93 runs in 14 overs and 4 balls, but then Hasan returned to the pavilion after scoring 51 runs off 43 balls.

    Liton Das was then dismissed for 66, captain Najamul Hasan Shanto for 8, and Mehidi Hasan Miraz for just 3 runs. Tauheed scored 16 runs, Mushfiqur Rahim scored 38 runs and Mahmudullah scored 14 runs, taking Bangladesh to a total of 256 runs for the loss of eight wickets in the scheduled 50 overs.

    Jasprit Bumrah, Mohammad Siraj, and Jadeja took two wickets each for India.

    Chasing Bangladesh’s target of 257 runs, Indian batsmen went on the offensive from the start, with openers Rohit Sharma and Shubman Gill putting on an 88-run partnership, but then Rohit was dismissed for 48 runs.

    Chasing the target, Gill scored a half-century but then returned to the pavilion after scoring 53 runs while Shreyas Iyer managed to score 19 runs. Virat Kohli once again batted responsibly and scored a magnificent century, the 48th of his ODI career. Kohli played an unbeaten innings of 103 runs against while KL Rahul remained unbeaten on 34 runs.

    India easily chased down Bangladesh’s target of 257 runs in the 42nd over for the loss of three wickets and secured their fourth consecutive win in the event. Kohli was awarded the player of the match for his brilliant batting.

    This is Bangladesh’s third defeat in the event.

  • How much does it cost to travel to all 203 countries without flying? One man has a figure worked out 

    How much does it cost to travel to all 203 countries without flying? One man has a figure worked out 

    Thor Pedersen has become the first ever man to have visited all the countries in the world without flying in an aeroplane. It took him a decade to do so but the major reason for the delay has been the pandemic which halted his journey in Hong Kong for nearly two years.

    It all started when he found out that nobody has ever done this before and if he does it, he will be the first person to do it. In his initial estimate, it would take him approximately four years to travel the globe but Covid-19 turned things a bit topsy-turvy.  Thor started the journey in 2013 and completed it in May 2023. The most peculiar part about it was that he never boarded a plane even once. He had the support of his family. His father said to him that even if you hear that one of us has died, do not come back on an aeroplane. 

    Thor says he required an average of USD 20 daily but it varied from country to country. In a country like Bolivia, $20 was way more than needed but in Singapore it was less than required. 

    He even did a job to support himself during his stay in Hong Kong. Considering the period of ten years and twenty dollars each day, the total amount needed would be between $70 thousand to $75 thousand. 

    A company called Ross Energy also sponsored him with 600 dollars a month during the journey. He travelled a distance of 382,000 kilometres and used almost twenty types of vehicles in a span of 3,512 days. The transport he used included buses, taxis, motor-bikes, trucks, trains, trams, rickshaws, container ships, boats, ferries, cruise-ships, carts, police-vans and a yacht. 

    Would he recommend it to people?

    The answer is a big no. Pedersen believes that the journey was extremely difficult and has taken a big chunk of his life along with money. People should invest their energy in things which are more productive and thrilling.

  • ‘I grieve with you and stand with you’; British PM visits Israel

    ‘I grieve with you and stand with you’; British PM visits Israel

    British prime minister Rishi Sunak landed in Tel Aviv, Israel, on Thursday morning to meet his counterpart, Benjamin Netanyahu and President Herzog.

    He wrote on X (formerly Twitter), “I am in Israel, a nation in grief. I grieve with you and stand with you against the evil that is terrorism. Today, and always.”

    During his meeting with Herzog, he said that it is vital to provide humanitarian aid to Gaza, stating, “Palestinians are victims of what Hamas has done. It’s important that we continue to provide humanitarian access,”

    He, nonetheless, stressed on his full support to Israel to “defend” itself, “to bring security back” in the country to its people, and “to ensure the safe return of the hostages that have been taken”.

    As per reports of the meeting by Al Jazeera, “The Prime Minister and President Herzog stressed the imperative need to avoid further escalation of violence in the region. They agreed to continue working together to that end.”

    Later, PM Netanyahu, during his meeting with his British counterpart, said Hamas’ attack on October 7 was carried out to “destroy Israel’s regional peace moves in the region”.

    PM Sunak stated that the UK will provide increased aid to the region.

    “I’m proud to stand here with you in Israel’s darkest hour. As your friend, we will stand with you in solidarity, we will stand with your people, and we also want you to win,” Sunak said.

    In a short press conference, PM Netanyahu said, “This is not merely our battle, it’s the battle of the entire civilised war, the battle of Israel, the battle of moderate Arab countries, the battle of the free world, the battle for the future,

    “We have two forces – one is an axis of evil run by Iran and supported by Hezbollah, Hamas and others that want to bring back the Middle East to the Middle Ages … to the age of war and slavery.

    “The other forces [are those] of progress and humanity who want to push for a world of peace and prosperity.”

    PM Rishi Sunak will depart for Saudi Arabia today to meet Crown Prince Mohammed bin Salman.

  • Sardiyon mein Passport office kab jaein?

    Sardiyon mein Passport office kab jaein?

    The Directorate General of Immigration and Passports has revealed operational hours for passport offices nationwide during winter.

    From Monday to Thursday, passport offices will be open to the public from 9:00 AM to 2:00 PM, while on Fridays, the timing will be adjusted from 9:00 AM to 12:30 PM.

    The schedule will be followed in all regional passport offices, executive passport offices, and service counters which will be processing passport applications and facilitating passport issuance.

  • ‘Last chance’ given by Lahore High Court to recover Sheikh Rasheed

    ‘Last chance’ given by Lahore High Court to recover Sheikh Rasheed

    Awami Muslim League leader and former federal interior minister, Sheikh Rasheed, was arrested from his house in Rawalpindi last month. On Thursday, the Lahore High Court gave the police one more week to find him.

    At today’s hearing, RPO Rawalpindi Syed Khurram Ali and CPO Rawalpindi Khalid Hamdani appeared before the court, seeking more time for recovering Sheikh Rasheed.

    “How much more time do you need for recovery, what have you done so far,” the court asked the cops. The RPO Rawalpindi said the officers responsible for the arrest were not present in the area on that day.

    “We need a bit more time for recovery,’ the RPO informed the court.

    “We are giving you a week’s time as the last chance to recover Sheikh Rasheed else the court will pass an order with a warning,” was the reply.

    The hearing was then adjourned until October 27.

  • Saba Hamid’s recollection of her feminist parents is what every Pakistani parent needs to hear

    Saba Hamid’s recollection of her feminist parents is what every Pakistani parent needs to hear

    Responsible parenting everyone needs to take some good notes from!

    Veteran actress Saba Hamid was a guest on Maliha Rehman’s Youtube channel where she opened up about her childhood, especially the impact her late father, journalist Hameed Akhtar, had on her.

    “My father was a feminist,” described the actress, adding that “He was a big believer in equal rights till his last breath from day one.”

    Speaking about her family, the ‘Jaisay Apki Marzi’ actress said she was one of four daughters and obe son but her parents never made them feel like there was inequality between them on the basis of gender. Hamid elaborated how chores around the house that are generally male-oriented like calling the plumber, or driving, were taught to all the siblings. Her parents also didn’t put any restrictions on their daughters while allowing their son to stay out late. “I was scolded just as much as he was if he stayed out late.”

    These teachings, Saba observed, made her assume that the world would treat men and women equally the way her father had. But soon grew to realise that it was the opposite.

    The ‘Laal Ishq’ actress further opened up about how liberated her mother was, not seeking permission from their father to go anywhere because he gave her liberation. She spoke about her mother announcing to their father that she was visiting her sister in Islamabad for a day, and his reaction being simply “okay”.

    “We grew up thinking this is how it is, this is the way the world is. It was quite later I realised you had to seek permission from a partner to go somewhere.”

    We are completely moved by Saba’s account of her father and his gentle parenting that made her into the fierce woman she is today- and also helped her raise two phenomenally powerful individuals like Meesha and Faris Shafi. We hope more parents, especially fathers to newborn daughters, watch this clip and take a lesson in how giving girls independence can help them later in life.