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Monthly Archives: February 2024

Situationer: How is X being throttled in Pakistan?


February 26, 2024

FOR over a week now, the morning routines of many netizens have been disrupted by the unceremonious obstruction of the social media platform formerly known as Twitter. Whether they miss simply looking at the latest news or are having trouble plotting their morning commute — being used to getting real-time traffic updates via X — hundreds (if not thousands) of …

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PSL 2024: Multan end Quetta’s winning streak to sit atop points table


February 26, 2024

Fast bowler Mohammad Ali picked up three wickets for 19 runs as Multan Sultans ended Quetta Gladiators’ winning streak in the ongoing Pakistan Super League (PSL) on Sunday. It was a game of ebbs and flows before Sultans’ bowlers found their mojo and clawed their way back into the game to win it by 13 runs at the Multan Cricket …

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PSL 2024: Lahore Qalandars lose fifth match in a row


February 26, 2024

Peshawar Zalmi handed Lahore Qalandars their fifth consecutive defeat of the ongoing Pakistan Super League (PSL) on Sunday despite the fireworks from the latter’s Rassie van der Dussen, who scored a brilliant hundred. In the end, Lahore fell short by 8 runs while chasing 212 as Peshawar moved to 4th on the points table. Dussen kept Lahore in the game …

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Australia win rain-hit T20 to sweep series against New Zealand


February 26, 2024

AUCKLAND: A “clinical” Austr­alia beat New Zealand by 27 runs in the rain-shortened third Twenty20 Int­ernational in Auckland on Sunday to complete a clean sweep of the series. Responding to Australia’s 118-4 from 10.4 overs, New Zealand scored 98-3, falling short of a target adjusted to 126 off 10 overs under the Duck­worth-Lewis-Stern method at Eden Park. The required run-rate …

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Multan Sultans prevail over Quetta Gladiators


February 26, 2024

MULTAN: A swashbuckling half-century from Reeza Hendricks backed by pacer Mohammad Ali’s precise bowling steered Multan Sultans to a 13-run victory over Quetta Gladiators here at the Multan Cricket Stadium on Sunday. The win — the fourth in five games for Sultans — kept the Mohammad Rizwan-led on top in the six-team league. Gladiators are second on the table with …

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HBL PSL 2024: Van der Dussen ton in vain as Zalmi keep Qalandars winless


February 26, 2024

LAHORE: For all the grit and character that he showed here at the Gaddafi Stadium on Sunday night, Rassie van der Dussen found himself stranded on the non-striker’s end just when he should have been on the opposite side. The South African had fought hard to take his team, Lahore Qalandars, to touching distance of their first win of the …

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CORPORATE WINDOW: Braced for turbulence


February 26, 2024

As the prime minister designate Shahbaz Sharif prepares to assume office in the upcoming National Assembly session this week, the business community of Pakistan is apprehensive about the potential challenges that lie ahead. Their support for the idea of a national unity government, which includes the Sunni Ittehad Council adopted by the PTI-backed winning independents, did not resonate with the political leadership of three main victorious …

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Circular debt’s curse


February 26, 2024

Circular debt of the energy segment in Pakistan has been acting as a drag on growth for more than a decade at this point. The inability of successive governments to execute deep reforms in the energy value chain has led to a situation with the power and gas circular deficit exceeding Rs5 trillion. If the same continues unabated, it will …

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Utility stores cut prices of essentials amid public outcry


February 26, 2024

ISLAMABAD: Amid public outcry, the state-run Utility Stores Corporation (USC) has reduced the prices of about 40 essential items by up to 17 per cent with immediate effect to slightly lower than prices in the open retail market. This will be followed by price cuts ahead of Ramazan. Before this reduction, there was a negligible difference between the prices of …

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Shares at PSX gain nearly 500 points on political clarity


February 26, 2024

Shares at the Pakistan Stock Exchange (PSX) traded in the green on Monday, gaining nearly 500 points, with the analysts attributing the ongoing trend to clarity on the government structure. The KSE-100 index gained 904.03, or 1.44 per cent, to stand at 63,719.84 at 1:03pm from the previous close of 62,815.81. It finally closed at 63,305.93, up 490 points or …

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