• Vows to support US, Iran in reaching a peaceful settlement • PM, army chief review mediation efforts, arrangements for talks • Israeli strikes in Lebanon threaten to derail negotiations • Iran says it was ready to retaliate before Pakistan intervened • Warns continued attacks could make talks ‘meaningless’ ISLAMABAD: Field Marshal Asim Munir calls on Prime Minister Shehbaz Sharif.—APP ISLAMABAD: Pakistan on Thursday vowed to support Iran and the United States in reaching a peaceful settlement as Israeli strikes in Lebanon continued to weigh on the prospects of the upcoming dialogue, with Islamabad stepping up diplomatic engagement to keep a two-week ceasefire between Tehran and Washington from collapsing. The commitment came during a meeting between Prime Minister Shehbaz Sharif and Chief of Army Staff and Chief of Defence Forces Field Marshal Asim Munir, where they reviewed the progress of Pakistan’s mediatory efforts and finalised arrangements for the talks. “They expressed satisfaction over the de-escala...
For the longer-term, the new owners have outlined a plan to double the national flag carrier’s fleet to 60 aircraft.—Reuters/file KARACHI: Arif Habib, chairman of the Arif Habib Consortium, which owns Pakistan International Airlines (PIA), has said that the national flag carrier currently has 30 aircraft, of which 18 are operational, and five to six require repair and maintenance. Speaking to industrialists at the Korangi Association of Trade and Industry (KATI) on Thursday, he said the airline is working to make these aircraft operational, and adding them back to the fleet will bring the total to 26. The long-term target is to expand the fleet to 60 aircraft. Pakistan, he said, had become more economically stable, and that this fiscal year’s figures showed the government had increased revenue, met all expenditure and paid interest on debt. However, he stressed the need to reduce production costs to boost economic growth. He said electricity tariffs remained high because of capacity charges and low consumptio...