Pakistan Seeks Relief on Pakistan UAE Loan Amid Economic Pressure Pakistan has formally approached the United Arab Emirates (UAE) to roll over a $2.5 billion loan for up to two years while also requesting a significant reduction in the interest rate. The move comes as Islamabad continues to manage fragile external finances under an ongoing…
Peshawar BRT Extension to Khyber District PESHAWAR: The Khyber Pakhtunkhwa (KP) government has given the green light to extend the Peshawar Bus Rapid Transit (BRT) system to Jamrud and Bara tehsils in Khyber district.The announcement came following a high-level meeting led by Chief Minister Mohammad Sohail Afridi on January 6, 2026. Also Read: Punjab Electric…
Pakistan IMF Reliance Questioned After Defence Boost ISLAMABAD — Pakistan’s dependence on the International Monetary Fund (IMF) could ease within the next six months as rising defence export orders begin to strengthen the national economy, Defence Minister Khawaja Muhammad Asif said on Tuesday, pointing to the impact of Pakistan’s military performance during the May 2025…
Gold Prices in Pakistan Decline on January 1, 2026 Gold prices in Pakistan fell on the first day of 2026, extending a downward trend seen in recent sessions. The decline followed weakness in the international bullion market, which also recorded losses during the day. Both local and global factors contributed to the continued drop in…
The federal government on Wednesday announced a significant reduction in petroleum prices, slashing the rates of petrol and high-speed diesel (HSD) for the next fortnight in a move aimed at providing relief to consumers amid persistent inflationary pressures. According to a late-night notification issued by the Petroleum Division, the price of petrol has been reduced…
New PIA Owners Expect Losses in Initial Years After Privatization The new owners of Pakistan International Airlines (PIA) say the airline will continue to incur losses in the first one to two years after privatization. This is despite a planned $400 million investment aimed at restoring operations, expanding the fleet, and improving passenger services. Also…
Pakistanis Jobs in Italy: Italy Approves 10,500 Employment Opportunities Italy has officially allocated 10,500 jobs for Pakistani workers. The opportunity covers both seasonal and non-seasonal employment over the next three years. The Ministry of Overseas Pakistanis confirmed the allocation. Federal Minister Chaudhary Salik Hussain had requested the quota from Italian authorities. The jobs will be…
PM Orders Port Reforms to Reduce Cargo Delays and Export Costs ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Wednesday ordered wide-ranging reforms at Pakistan’s ports to reduce cargo delays, lower business costs, and strengthen export competitiveness. The directives were issued during a meeting of a private-sector working group on port development. Also Read: PIA Privatisation…
PIA privatisation completed with guarantee on name and branding Pakistan International Airlines (PIA) has been privatised, with the federal government confirming that the airline’s national identity will remain unchanged after the sale. Authorities said PIA will continue operating under the same name and logo, despite the transfer of majority ownership to private investors. The clarification…
CDA Plot Auction Begins, Generates Rs. 13.52 Billion on Opening Day Islamabad, — The Capital Development Authority (CDA) raised Rs. 13.52 billion on the first day of a three-day public auction of residential and commercial plots. The auction is being held at the Jinnah Convention Centre, officials said on Monday. The auction began on Monday…