The National University of Sciences & Technology (NUST), and Quaid-e-Azam University (QAU) are the two Pakistani universities to be ranked among the top 100 varsities from the Asia region. According to Quacquarelli Symonds (QS) Asia University Rankings 2023, Islamabad-based public research university NUST moved up seven places to secure the 67th spot. NUST is followed by Quaid-i-Azam University which makes it to the 95th spot.
Pakistan Stock Exchange (PSX), which had won the title of Asia’s best performing stock market in August 2020, took a U-turn and became the third worst performing market in the region. Amid the boiling political temperature and melting economy, investors witnessed the wipeout of 16.27% (or Rs1.35 trillion) of investment at the PSX. The petroleum refinery was the worst-hit sector in terms of losing market capitalisation.
Pakistani rupee became the third best-performing currency in Asia after the currency hit almost eight-month high at Rs158.91 against the US dollar in the interbank market. With fresh recovery of Rs0.18 on Monday, the rupee has cumulatively regained Rs9.52 or 5.65% over the past 11 weeks since touching all-time low of Rs168.43 on August 26.