ISLAMABAD: The Economic Coordination Committee of the cabinet on Tuesday approved plans for its biggest-ever spectrum auction, setting the stage for the country’s first commercial 5G services and aiming to ease chronic internet congestion that has hampered the economy.
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Trump again praises army chief, Calls Field Marshal Munir ‘highly respected’
ISLAMABAD: President Trump again praised Pakistan’s top military leader, Field Marshal Syed Asim Munir, as a “highly respected general,” the latest in a string of compliments that underscore a striking thaw in relations between Washington and Islamabad during his administration.
PM Sharif offers talks to jailed Imran Khan’s party but rules out pressure tactics
ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday renewed his invitation for talks with the opposition Pakistan Tehreek-e-Insaf party, insisting that dialogue could proceed only on legitimate issues and warning against any attempts at blackmail, as political tensions continued to roil the country amid deepening economic woes and polarization.
PIA sale heads to open auction as two bidders clear price bar, Arif Habib-led group tops at Rs115bn
ISLAMABAD: A consortium led by Arif Habib Corp. submitted the top bid of Rs115 billion for a controlling stake in Pakistan International Airlines, edging out a group spearheaded by Lucky Cement Ltd. with an offer of Rs101.5 billion, as the government pushed ahead with a long-delayed effort to privatize the debt-laden flag carrier.
Pakistan draws three bids for struggling national carrier in high-stakes privatisation push
ISLAMABAD: Three groups submitted bids to acquire a controlling stake in Pakistan International Airlines Corp. Ltd., the debt-laden flag carrier, in what the government touted as the nation’s largest-ever privatisation deal and a key plank of its economic overhaul under an International Monetary Fund bailout.
Lahore High Court suspends Punjab property ordinance, cites risk of arbitrary seizures
LAHORE: The Lahore High Court on Monday suspended a contentious new law aimed at resolving provincial property disputes, warning that it undermined judicial authority and could lead to arbitrary seizures of land, even from powerful figures.
Saudi Arabia awards top honor to Pakistan’s military chief, signaling closer strategic ties
ISLAMABAD: Saudi Arabia’s defence minister, Prince Khalid bin Salman bin Abdulaziz, has awarded Pakistan’s chief of defence forces, Field Marshal Asim Munir, the King Abdulaziz Medal of Excellent Class, recognising his role in bolstering ties between the two nations.
Three bidders vie for control of flag carrier PIA in long-delayed sale
KARACHI: The government is poised to kick off the long-awaited privatization of the national carrier, Pakistan International Airlines Corp., on Tuesday, with just three bidders in the running after Fauji Fertilizer Co. bowed out over the weekend.
Nine militants killed in two security operations in Khyber Pakhtunkhwa
ISLAMABAD: Security forces killed nine militants in two separate operations in the restive Khyber Pakhtunkhwa province, the military said on Sunday, amid a surge in terrorist attacks that has pushed the country to the second spot on a global index of nations most affected by terrorism.
Opposition alliance tests unity with plans for protest and talks
ISLAMABAD: The fractured opposition alliance gathered in Islamabad on Sunday and vowed to escalate protests against the government, announcing nationwide strikes on the second anniversary of disputed elections and demanding the release of jailed leaders, including former Prime Minister Imran Khan.