Pakistan
12th IDEAS exhibition at karachi expo centre this month
Karachi, November 02, 2024: The 12th edition of IDEAS-2024 is scheduled to be held at the Karachi Expo Centre. IDEAS is a biannual event & the last exhibition was held in 2022. The four days exhibition will include several activities and events including an impressive inauguration ceremony, an International Seminar on topics related to defence…
Government Clarifies Dnata’s Position in PIA Privatization Process
ISLAMABAD, November 1 2024: In response to growing speculation and misinformation circulating on social media regarding the participation of Dnata (Emirates) in the privatization of Pakistan International Airlines (PIA), the Government of Pakistan’s Ministry of Privatisation has issued a clarification today. The statement addresses claims suggesting that Dnata was barred from qualifying for the privatization…
Minister Energy Syed Nasir Shah took important decisions Sindh Coal Authority meeting
KARACHI, November 1 2024: Sindh Energy Minister Syed Nasir Hussain Shah has said that the TharLodges managed by the Sindh Coal Authority will be outsourced for the quality and best accommodation and food facilities for local and foreign investors in Thar However, its ownership will remain with the Sindh government. Minister directed Energy Department Mossadiq…
Jazz Secures PKR 15 Billion Sukuk, Strengthening Market Leadership and Investor Confidence
Karachi, October 31 2024: Jazz, Pakistan’s leading digital operator, has successfully concluded its second unsecured, privately placed short-term Sukuk issuance of PKR 15 billion. This milestone strengthens investor confidence in Jazz’s market leadership and innovative approach to financing within Pakistan’s telecom sector. The Sukuk issuance was significantly oversubscribed, with a 4x demand from the non-bank…
Blue World City’s Rs10 Billion Bid Stalls PIA Privatization Efforts
KARACHI, October 31 2024: In a pivotal moment for the privatization of Pakistan International Airlines (PIA), the Blue World City consortium has officially declined to meet the Privatisation Commission’s minimum requirement of Rs85.03 billion. Instead, the consortium has firmly maintained its bid of Rs10 billion, effectively bringing the bidding process to an impasse. Initially, Blue…