Pakistan’s privatisation commission is addressing concerns voiced by those qualified to bid for the country’s national airline about a European Union Aviation Safety Agency (EASA) ban on the carrier, an official said on Wednesday. The privatisation of the loss-making state-owned enterprises has long been on the International Monetary Fund (IMF)’s list of recommendations for the country, which i
Pakistan could expect much higher foreign exchange proceeds from the sale of the Roosevelt Hotel — an upscale property in New York’s Manhattan district — with an improved mix-use sell-off transaction proposed by US advisers. But pre-qualified bidders for Pakistan International Airlines (PIA) have expressed concerns over the European Union’s ban on Pakistani airlines, which could affect the bid
Pakistan received only about $11.7 billion in foreign loans and grants in the first 11 months (July-May) of outgoing FY24, far behind the annual target of $17.4bn. This is amid major slippages in raising international financial support, although it has met the revised target. According to official data released by the Ministry of Economic Affairs (MEA), the country received about $403 million i
The Senate Standing Committee on Commerce was informed on Wednesday that protocols to export donkey skins and meat to China had been finalised. The commerce ministry officials disclosed this while briefing the committee meeting chaired by Senator Anusha Rahman. It was also briefed on the attached departments of the commerce division to review its performance. The additional secretary in char
The Senate Standing Committee on Commerce was informed on Wednesday that protocols to export donkey skins and meat to China had been finalised. The commerce ministry officials disclosed this while briefing the committee meeting chaired by Senator Anusha Rahman. It was also briefed on the attached departments of the commerce division to review its performance. The additional secretary in char