Cricket is not Cricket without Shahid Afridi

· As per the latest industry reserve figures from the PPIS for Dec’25, rising by 6%/4% for oil and gas, respectively.  · We reiterate our ‘BUY’ stance on OGDC, PPL, MARI and POL, with Dec’26 target prices of PkR522/412/935/850 per share, respectively. Industry reserves see modest upgrade in Dec'25: As per the latest reserve figures published by PPIS for Dec'25, the industry's balance recoverable reserves improved on both fronts, with oil balance recoverable rising to 253mn bbls (+6%YoY) from 238mn bbls and gas balance recoverable increasing to 18,854 bcf (+4%YoY) from 18,142bcf. The aforementioned increase during the period is behest of the accelerated exploration and appraisal activity, leading to estimate reserve replacement ratio of 1.2x/1.5x for oil and gas, respectively (assuming latest production levels). Critically, oil reserve depletion improved to 81% (vs. 82% in Dec'24), the first improvement in several years, while gas depletion stabilized at 72%, indicati...

Pakistan, Qatar working to bring Iran, US back to negotiating table: report: Khamenei laid to rest amid fresh US-Iran strikes Iranian armed forces launched attacks on US military infrastructure in Gulf states on Thursday following US strikes on Iran's southern coastal and eastern provinces , putting further strain on a three-week-old ceasefire agreement . The attacks came on the day that Iran buried its martyred Supreme Leader Ayatollah Ali Khamenei at a shrine in Mashhad , the culmination of a week of mass funeral processions and rallies . Khamenei was killed in a US airstrike on the first day of the war on February 28 . Khamenei's body was carried by truck slowly through crammed streets towards the Shrine of Imam Reza . Black-clad mourners waved Iranian flags, photographs of the late leader and red placards with revolutionary slogans. Iran's Revolutionary Guards Navy said the US attacks and intervention in redirecting shipping through the Strait of Hormuz were disr...