News

PM Kakar orders expediting privatisation of PIA

Caretaker Prime Minister Anwaarul Haq Kakar has issued directives to expedite the privatisation of Pakistan International Airlines (PIA) and the outsourcing of airports’ operations. In a meeting with the adviser on aviation, retired air marshal Farhat Hussain, on Tuesday, the PM emphasised transparency during the privatisation process. PM Kakar said the privatisation of state-owned enterpris

Gohar woos investors from MENA region

Caretaker Commerce Minister Gohar Ejaz has reiterated Pakis­tan’s commitment to making Pakistani markets accessible to the MENA (Middle East and North Africa) region aimed at tapping the potential for collaboration in agriculture, textiles, engineering, and services. “This commitment aligns seamlessly with the Look Africa Policy, emphasising Pakistan’s objective to unlock its economic and trade

First-ever Rs2bn fund for start-ups launched

Caretaker Minister for IT and Telecom Dr Umar Saif on Tuesday launched the first-ever Pakistan Start-up Fund (PSF) worth Rs2 billion to attract venture investments and position local start-ups as significant players on the global stage. Ignite National Technology Fund will take charge as the executing body of the PSF and ensure transparency through an independent steering body overseeing the op

Stocks turn in gloomy performance

The stock market started trading on a bullish note on the first day of the week but the growing political uncertainty and its likely fallouts triggered selling by some worried investors as a result the benchmark KSE 100-share index closed in the red. Topline Securities Ltd said the equities floated in both directions. Initially, the index made an intraday high of 555 points to 65,069 level. How

Tougher challenge lies ahead

ALL eyes are on the general elections, now just a month away. But what will happen after the election will be far more consequential to the country’s future. Formidable challenges await the next government. The governing ability of the election winner will be constrained by the complex dynamics of a volatile domestic environment. This is characterised by persisting polarisation, the most seriou