The Privatisation Commission’s board on Wednesday rejected a Rs10 billion bid submitted by the sole bidder for the divestment of 60 per cent shares in Pakistan International Airlines Corporation Limited (PIACL), the privatisation ministry said in a statement. The board decided to refer the issue of PIA’s privatisation to the Cabinet Committee on Privatisation for further consideration. La
The stock market maintained its record-setting momentum, with the KSE 100 index surpassing 94,000 intraday trading for the first time on Monday. However, profit-taking in the latter part of the session reduced some of the early gains as discussions began with a visiting team from the International Monetary Fund regarding economic performance, mainly focusing on tax collection. Despite this pull
As delegates from across the world gathered in Baku to “agree a new global climate finance goal” on the first day of the annual climate conference, experts and climate activists said the Global North (developed world, mostly) has a “legal and moral obligation” to compensate the developing states for the damage it has caused to the climate over the decades. On Monday, as COP29 commenced in Azerb
The Competition Commission of Pakistan (CCP) is currently finalising the PTCL and Telenor merger, which is possibly one of the most complicated cases of the country’s corporate sector history; the outcome will have far-reaching implications for Pakistan’s telecommunications landscape. CCP’s main task would be to protect the rights of all concerned, including the merging parties. The management
Pakistan is heading toward elemental changes in its political system. If you examine the recent Constitutional amendments, you can see some desperate moves to ensure that the underlying structure of the current hybrid regime is sustained. And you’ll also notice some subtle and not-so-subtle attempts to undermine the superior judiciary. So, let’s assume the current hybrid regime remains what it