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PIA sell-off: Fauji Fertilizer, Air Blue, and 3 consortiums submit SOQs

Pakistan, June 20 -- As Pakistan government proceeds with a fresh attempt to privatise the Pakistan International Airlines (PIA), Fauji Fertilizer, Air Blue, and 3 consortiums have submitted the State... Read More


Pakistan raises over $4.2 billion in bond auction, launches first 15-year zero coupon issue

Pakistan, June 20 -- Pakistan raised more than Rs1.2 trillion ($4.2 billion) in a government bond auction on Wednesday, including the launch of its first-ever 15-year zero coupon bond, in a move the f... Read More


World Bank's Benhassine lauds Pakistan's economic turnaround

Pakistan, June 20 -- Najy Benhassine, the outgoing country director of the World Bank, has lauded Pakistan's economic turnaround, terming it a 'revolutionary turnaround.' The World Bank's official ma... Read More


PC Board approves key steps for strategic transactions

Pakistan, June 20 -- The Privatisation Commission (PC) Board has approved to initiate the process for appointing Financial Advisers (FAs) to enhance private sector participation in key power sector en... Read More


Pakistan, Uzbekistan to form joint working group to boost maritime, blue economy cooperation

Pakistan, June 20 -- Pakistan and Uzbekistan have agreed to form a joint working group for deepening maritime cooperation, with a focus on unlocking the untapped potential of the blue economy, green s... Read More


SBP-held foreign exchange reserves rise $46m, clock in at $11.72bn

Pakistan, June 20 -- Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $46 million on a weekly basis, clocking in at $11.72 billion as of June 13, data released on Thursd... Read More


PM directs early finalization of industrial policy

Pakistan, June 20 -- Prime Minister Muhammad Shehbaz Sharif on Thursday directed to finalize the industrial policy at the earliest to increase production and provide sustainable solutions to the chall... Read More


Textile exports rise by 7.37% to Rs16.365 bln in 11 months

Pakistan, June 20 -- Textile exports witnessed an increase of 7.37 per cent during the first eleven months of the current financial year (July-May) as compared to the corresponding months of last year... Read More


Pro-Palestinian activists breach RAF base, vandalise UK military aircraft

Pakistan, June 20 -- In a bold protest early Friday morning, pro-Palestinian activists infiltrated the UK's Royal Air Force (RAF) Brize Norton base in Oxfordshire and vandalised two military aircraft.... Read More


Not even FIFA could get Cristiano Ronaldo to the Club World Cup

Pakistan, June 20 -- In the end, not even being the face of the Saudi Pro League or Gianni Infantino could engineer a way to get Cristiano Ronaldo to the Club World Cup. FIFA president Infantino cert... Read More