Pakistan

Investor sentiment takes a hit, leading to broad-based selling

Procurement for API, PNR systems to follow transparent bidding under PPRA rules, say sources

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Crash victim survives rare foreign body retrieval surgery

Women's development initiatives, disparities in South Punjab discussed

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ISLAMABAD: The Privatisation Commission announced on Thursday that the consortium led by Arif Habib Corporation Limited has notified it of its intent to acquire the remaining 25 per cent equity stake in Pakistan International Airlines Corporation Limited (PIACL), paving the way for full private-sector ownership of the national carrier. It said that the total private-sector investment in the transaction was expected to amount to approximately Rs180 billion, comprising a minimum of Rs55 billion payable to the government as divestment proceeds and Rs125bn to be injected as fresh equity into PIACL to support the airline’s recapitalisation. “The planned equity injection will support fleet expansion and modernisation, route development, and improvements in customer service and operational systems,” the commission said. It said that management control was expected to be transferred on or before May 25, the first closing date announced by the Privatisation Commission, subject to the fulfilment of conditions set out i...

Director General Federal Investigation Agency (FIA), Dr Usman Anwar, held a meeting with Detective Superintendent Peter Steinle of the Australian High Commission at FIA Headquarters to discuss cooperation on tackling transnational crime.

Prime Minister Shehbaz Sharif on Thursday decided to extend the fuel subsidy for motorcyclists, and public and goods transport by one month. According to a statement issued by the Prime Minister’s Office (PMO), the premier decided to continue providing relief to the economically vulnerable sections of society during the current situation. It said that the prime minister “had decided to extend fuel subsidy given last month to motorcyclists, public and goods transporters by one more month”. He also directed transporters not to increase travel and freight fares. He further issued instructions to maintain “effective monitoring” of relief measures. According to the statement, PM Shehbaz vowed to continue the government’s relief efforts, stressing that “providing relief to the common man remained the government’s top priority”. “The people will not be left alone under any circumstances,” the premier asserted, hoping that the “regional situation will improve soon so that fuel prices can stabilise”. The subsidies wer...

PESHAWAR/ LAHORE: Justices Babar Sattar and Mohsin Akhtar Kayani will begin presiding over proceedings at the Peshawar High Court (PHC) and Lahore High Court (LHC), respectively, in the coming week following their recent transfers from the Islamabad High Court (IHC). Their transfers, along with that of IHC judge Saman Rafat Imtiaz to the Sindh High Court, were approved by the Judicial Commission of Pakistan (JCP) on April 28 and notified by the law ministry on April 29 amid criticism from lawyers’ bodies. On Thursday, the names of Justices Sattar and Kayani were included in the rosters of the high court courts to which they have been transferred. The LHC’s revised roster for May 4 to July 4 shows that Justice Kayani will be presiding over proceedings as judge on a single bench at the court’s principal seat. The roster, notified by Additional Registrar (Judicial) Shabbir Hussain Shah, shows that 27 single benches and nine division benches have been constituted at the principal seat for this period. Meanwhile, ...

ISLAMABAD: Despite a healthy primary balance of 3.3 per cent of gross domestic product (GDP) at home, the Ministry of Finance on Thursday warned that Pakistan’s external sector may be facing risks owing to emerging global uncertainties and regional supply disruptions amid a higher rate of inflation. “External demand may remain supportive in some markets but the balance of risk becomes less favourable than in a pre-war setting,” the ministry said in its Monthly Economic Update and Outlook for April 2026. It said the ongoing Middle East conflict was posing new risks and heightened uncertainty regarding the macroeconomic outlook. The ministry forecast April’s inflation rate — measured by the consumer price index — at 8 to 9pc, significantly higher than 7.3pc in March. It highlighted that the overall primary surplus in the first eight months of the current fiscal year was recorded at 3.3pc of GDP (Rs4.319 trillion) as compared to 3pc (Rs3.452tr) last year. During July-March Fiscal Year 2026, the Federal Board of ...

The results of the Central Superior Services Examination 2025 have been released, revealing a low success ratio as only 355 candidates qualified for the written stage.

President Asif Ali Zardari on Thursday met Party Secretary of Hainan, Feng Fei, here and appreciated the warm welcome and hospitality extended by the Government of Hainan and noted the province’s transformation into a gateway for international trade and investment.

Amazon said on Thursday that restoring cloud computing operations in the United Arab Emirates (UAE), which were damaged in the conflict in the Middle East, is expected to take several months. Amazon’s data centres in the region were hit by Iranian retaliatory drone strikes in early March, amid the conflict, disrupting cloud services and making a recovery “prolonged”. When asked if the latest update was related to a new incident, an Amazon spokesperson said that the latest update dated April 30 related to the previous operational issues in March. Amazon Web Services (AWS) is the world’s largest cloud computing provider, serving a global client base. Its key customers include companies such as Netflix, BMW and Pfizer, as well as major financial institutions, media groups and public sector organisations. It is also the company’s main driver of profits. AWS recommended customers migrate all accessible resources to other regions and restore inaccessible resources from remote backups as soon as possible, according ...

Prime Minister Shehbaz Sharif has approved a one-month extension in subsidies for motorcycle users and public and goods transport as part of the government’s relief measures for economically vulnerable groups.

Cambridge International Education has confirmed that an A Level Mathematics examination paper was leaked before the scheduled test, impacting candidates in Pakistan and several other regions, including South Asia, the Middle East, Africa and Europe.

Iran’s Supreme Leader Ayatollah Mojtaba Khamenei declared on Thursday that the United States had suffered a shameful defeat, defiantly rejecting a warning from President Donald Trump that an economically punishing US naval blockade could be enforced for months to come. “Today, two months after the largest military deployment and aggression by the world’s bullies in the region, and the United States’ disgraceful defeat in its plans, a new chapter is unfolding for the Persian Gulf and the Strait of Hormuz,” said Khamenei in the message read on state television. The message by Khamenei, who has yet to appear in public since his appointment on March 9 as Iran’s new supreme leader, came on the annual national celebration of “Persian Gulf” day in Iran. Khamenei became the supreme leader after the US and Israel launched a massive campaign of strikes on Iran on February 28, assassinating his father and predecessor, Ayatollah Ali Khamenei. In his Thursday message, he said US bases in the region “lack even the capacity...

Cambridge International Education (CIE) on Thursday confirmed that its AS-level mathematics paper was “shared prematurely” against its regulations. The development comes after the Inter-Board of Coordination Commission (IBCC) on Thursday announced it would seek a report from Cambridge as parents and students raised questions about the transparency of the exam system following reports of the leak. In an official statement, CIE said, “We can confirm that Cambridge International AS-Level mathematics paper 12 (9709) taken in our Africa, Europe, Middle East, Pakistan and South Asia regions, was shared prematurely against our regulations. “We investigate such incidents promptly and thoroughly and we are now working to understand the extent of the leak and determine next steps,” it added. It affirmed its priority to ensure that the students were not disadvantaged by this incident, saying it would take all possible measures to protect the integrity of its exams. “It is important that candidates continue to prepare fo...