Business News
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PIA receives only Rs10bn bid for stake from lone bidder
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[ad_1] Final bidding process for the privatisation of Pakistan International Airlines (PIA) held at local hotel in Islamabad, October 31, 2024. — Screengrab via YouTube/Geo News ISLAMABAD: The Pakistan International Airline (PIA) has received a Rs10 billion bid from lone…
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PSX goes into tailspin, loses over 1,300 points to profit-selling splurge
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[ad_1] An investor monitors rates of stocks at the Pakistan Stock Exchange in Karachi in this undated picture. — AFP/File Stocks on Thursday dropped for the second session to hover under 89,000 points as a massive correction interrupted a days-long…
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Bidding for PIA privatisation to take place with one bidder
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[ad_1] A representational image of PIA airplane. — AFP/File KARACHI: The federal government is set to hold the bidding process for the privatisation of Pakistan International Airlines (PIA) with just one bidder on Thursday. The process, as per the Privatisation Ministry,…
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CM Punjab Maryam Nawaz Announces 3,200 Plots for Journalists in Lahore
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On Thursday, Chief Minister Punjab Maryam Nawaz Sharif met with the provincial Minister of Information, Azma Bukhari, to announce a significant initiative aimed at supporting journalists in the region. During this meeting, CM Maryam unveiled the provision of 3,200 plots…
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Blue World City Qualifies as Sole Bidder for PIA: Pioneering a New Future in Pakistan’s Aviation
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Blue World City, a prominent real estate developer in Pakistan, has recently qualified as the only bidder for a stake in Pakistan International Airlines (PIA). This news has drawn attention, especially as other major pre-qualified bidders, like Fly Jinnah, YB…
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Kingdom announces more investments in Pakistan during PM Shehbaz’s visit
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[ad_1] Saudi Investment Minister Khalid bin Abdulaziz Al Falih and Advisor at Saudi Royal Court Mohammad Bin Mazyad Al-Tuwaijri meeting Prime Minister Shehbaz Sharif on sidelines of 8th edition of the Future Investment Initiative (FII) in Riyadh, October 30, 2024….
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UK announces to increase minimum wage
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[ad_1] A worker moves pallets of fruit during early morning business hours at New Covent Garden Market in London, Britain, October 8, 2024. — Reuters In a move which will benefit low-paid workers, the British government has announced to increase the…
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PSX’s record-breaking streak ends amid profit-taking
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[ad_1] A broker talks on phone as he looks at an index board showing the latest share prices at the PSX in Karachi on February 10, 2023. — AFP The Pakistan Stock Exchange (PSX) witnessed a turbulent day, hitting a…
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ADB okays $500m loan to boost Pakistan’s climate, disaster resilience
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[ad_1] People retrieve bamboos from a damaged house following rains and floods during the monsoon season in Dera Allah Yar, district Jafferabad, Balochistan, Pakistan August 25, 2022. — Reuters Under the Climate and Disaster Resilience Enhancement Programme (CDREP), the Asian…
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PSX rallies past 91,300 points amid rate cut speculations
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[ad_1] Stock brokers monitor new on television screen at a booth, during a trading session at the Pakistan Stock Exchange, in Karachi, on July 3, 2023. — Reuters Stretching the winning streak, stocks whizzed past 91,300 points in intraday trade,…
