In a move that many are calling the final blow to a once-iconic national institution, Prime Minister Shehbaz Sharif announced on Wednesday that Pakistan International Airlines (PIA), long plagued by corruption and mismanagement, will be put up for privatisation on December 23. The announcement marks the official end of an era for PIA, which, for decades, stood as a symbol of national pride, but
A choppy session marked trading at the Pakistan Stock Exchange (PSX) on Tuesday, where the benchmark KSE-100 index struggled to hold on to early momentum. The market opened on a positive note and managed to push the index towards the day's high of 169,289. However, the optimism faded steadily as the session progressed and a round of profit-taking in the final hours dragged the index into negati
Cement exports dropped 26.53% in November 2025 as supplies shrank to 590,183 tons from 803,258 tons in November 2024. This reflects a continued decline in exports over the past three months, with shipments contracting 23% in October and 15% in September, according to data released by the All Pakistan Cement Manufacturers Association. On the contrary, domestic cement dispatches in November 2025
Pakistan and Turkiye on Tuesday signed gas and mining deals, which would attract investments of over $300 million to boost mainly offshore drilling activities. Turkish Minister of Energy and Natural Resources Alparslan Bayraktar, who was on a visit to Pakistan, said Turkiye was planning to kick off additional ventures in partnership with Pakistan, particularly in oil and gas exploration, energy
Pakistan's trade deficit widened at a faster pace of 37% to $15.5 billion in five months of the current fiscal year after exports plunged and imports grew in double digits amid disruption in the export of oranges due to suspension of trade with Afghanistan. The Pakistan Bureau of Statistics (PBS) reported on Tuesday that the gap between imports and exports reached $15.5 billion during the July-