PIA’s name and branding will remain unchanged; fleet will be expanded from 18 to 38 operational aircraft ISLAMABAD: Four companies have been prequalified to participate in the upcoming privatisation of Pakistan International Airlines, with 75 per cent of the national carrier’s shares, set to be auctioned soon. PIA’s name and branding will remain unchanged following…
New 12-storey emergency facility to feature 722 beds, 17 operating theatres equipped with modern machinery KARACHI: The Sindh cabinet has approved a $15 million grant for the construction of a new 12-storey emergency complex at the Jinnah Postgraduate Medical Centre in Karachi. The grant will be provided to the Patient Aid Foundation, allowing the purchase…
According to sources, draft petition has been prepared and forwarded to the apex court for filing Four judges of the Islamabad High Court have prepared a draft petition to challenge the 27th Constitutional Amendment, it is learnt on Thursday. According to the sources, a draft petition has been prepared and forwarded to the apex court…
Energy experts warn spiralling capacity payments, underutilised plants remain core crisis The Asian Development Bank has approved a $330 million financing package for Pakistan to expand and modernise its high-voltage transmission infrastructure, a move expected to significantly improve the flow of clean and low-cost energy across the national grid. While the project marks an important…
Money laundering watchdog cracks down on Chinese ceramic factories over Rs30b in suspected tax evasion ISLAMABAD: Pakistan’s tax chief on Wednesday warned Chinese companies to either fully disclose their production or wind up operations after a representative of four firms told a parliamentary panel that their managements were refusing to allow installation of monitoring cameras….
A stock broker reacts while monitoring the market on the electronic board displaying share prices during trading session at the Pakistan Stock Exchange, in Karachi on July 3, 2023. Photo: Reuters/ File KARACHI: Renewed optimism swept through the Pakistan Stock Exchange (PSX) on Wednesday as the benchmark KSE-100 index recorded significant gains of nearly 1,300…
ISLAMABAD: Despite a decline in the international crude oil market, margins of refineries have increased significantly, reaching two-year highs in the current month, primarily due to diesel shortage, which has also pushed margins up globally. After plunging to the low of $4.5 per barrel in April 2025, gross refining margins (GRMs) of local refineries have…
ISLAMABAD: The growth in goods production by big industries slowed down to 4.1% in the first quarter of the current fiscal year as an internal government diagnosis suggests that some of the sectors are facing cost disadvantages up to two-thirds and cannot compete until a just platform is provided to them. According to the Pakistan…
Framework sets targets for women’s employment, exports, financing and access to business support services ISLAMABAD: Pakistan is set to launch its first-ever National Women Entrepreneurship Policy aimed at promoting women’s financial inclusion through dedicated financing for women-specific initiatives. The policy also seeks to expand existing federal and provincial programmes, encourage financial institutions to introduce products…
Air India, taken over by Tata Group in 2022, merged with Vistara—its joint venture with Singapore Airlines—last year. PHOTO: REUTERS NEW DELHI/HONG KONG: The closure of Pakistan’s airspace to Indian carriers has intensified Air India’s operational and financial woes, prompting the airline to lobby the Indian government to seek access to sensitive military airspace over…
