The National Assembly’s Standing Committee on Defence on Thursday reaffirmed its support for the government’s decision to privatise Pakistan International Airlines Company Ltd (PIACL), while underscoring the need to preserve the airline’s heritage and protect the rights of its employees. Chaired by Fateh Ullah Khan, the committee emphasised that any future operator must ensure that PIA aircraf
Despite record-high remittance inflows and a current account surplus, the currency market is facing a dollar shortage, with banks charging higher than the officially quoted rates, according to market sources. Currency experts expressed surprise over the tight dollar liquidity, especially after the close of the fiscal year 2024-25 and the completion of all due payments by the State Bank of Pakis
The Power Division has opposed any move to burden electricity consumers with Rs170 billion in net hydel profit (NHP) arrears owed to provinces and urged delinking these payments from the electricity tariff. Alongside the Sindh government, the Power Division has also rejected proposals to transfer hydropower assets — including dam-based and run-of-the-river plants — to provincial control. Both a
The Cabinet Committee on Regulatory Reforms concluded a series of meetings on Thursday, finalising the first package of reforms aimed at reducing compliance burdens, eliminating outdated procedures, and improving the ease of doing business. Chaired by Minister for Investment Qaiser Ahmed Sheikh, the committee held three meetings to review 136 reform proposals submitted by the Board of Investmen
Low interest rates continued to attract buyers towards auto financing, with outstanding car loans rising to Rs276.6bn by the end of June — up from Rs271.2bn in May — marking the seventh consecutive month of growth, according to data released by the State Bank of Pakistan (SBP). Despite the recent upward trend, the current volume remains well below the peak of Rs368bn recorded in June 2022. T