Five killed in Karak road accident
July 17, 2021
KARAK: Five passengers were killed and 12 including a woman were injured when a passenger bus going from Karachi to Swat collided with a truck on Indus Highway near Nashpa dehydration plant here early Friday morning.
Police said that a Swat-bound bus collided with a truck when the driver lost control over the steering and as a result, five passengers identified as Sardar Wali, a resident of Bhakar, Ghulam Rabbani, a resident of DI Khan, Hamza, a resident of Bahawalpur, and Sameen Ahmad, a resident of Peshawar, were killed. The name of the fifth deceased could not be ascertained as the bodies and injuries have been shifted to Divisional Headquarters Hospital at Kohat.
KARAK: Five persons were killed and 12 injured when a passenger bus going to Swat from Karachi collided with a truck on the Indus Highway here on Friday morning.
Police officials said the accident occurred near Nashpa dehydration plant when the bus driver lost control over the vehicle due to over-speeding.
They said five passengers died on the spot, who were identified as Sardar Wali of Bhakkar, Ghulam Rabbani of D.I Khan, Hamza of Bahawalpur and Sameen Ahmad of Peshawar.
The name of the fifth deceased could not be ascertained. The bodies and the injured were shifted to hospitals in Kohat.
Stocks fall on economic red flags
July 10, 2021
Stocks shed a good deal of gains made a day earlier as an anaemic economic outlook coupled with a global rout sent investors fleeing to safety, traders said.
KSE-100 Share Index lost 489.72 points or 1.02 percent to close at 47,563.45 points at Pakistan Stock Exchange (PSX). The index oscillated between a high of 48,053.17 points and a low of 47,546.01 points.
Ahsan Mehanti, analyst at Arif Habib Corp said the losses were led by scrips across the board on concerns over weak economic outlook.
Weak global equities, rupee instability, uncertainty on EU GSP plus status on human right issues, concerns over non-disbursement of $400 million World Bank loan delayed because of weak IMF ties shook investor sentiment, Mehanti said.
Despite drop in production from Makhori Deep by 37pc and 14pc in Mardankhel, the total oil production during FY21 soared to 75,575 barrels per day (bpd) from 60,993bpd in FY20. Dawn/File
KARACHI: Pakistan’s oil production swelled by 24 per cent in FY21 while the gas output shrank by 2pc during the year.
Despite drop in production from Makhori Deep by 37pc and 14pc in Mardankhel, the total oil production during FY21 soared to 75,575 barrels per day (bpd) from 60,993bpd in FY20 while gas production slightly fell to 3,511mmcfd from 3,589mmcfd in FY20.
According to Shankar Talreja of Topline Securities, the country’s oil production in 4QFY21 was down by 3pc QoQ to 74,700bpd as decline was visible in nearly all major fields like Nashpa, Adhi, Makori East, Maramzai, Chanda, Mardankhel and Makori Deep (to the tune of 2-17pc).