Pakistan PM calls privatization top priority, discusses selling power firms after PIA stake sale

  • Government plans to privatize five electricity distributors as part of IMF-backed economic reforms
  • Last year, a consortium led by Arif Habib Group won the bid for a 75 percent controlling stake in PIA
By Arab News Pakistan ·

No increase in gas prices for next six months, Pakistan minister says

  • Any increase in gas tariff adds to existing pressures on Pakistani households and businesses already struggling with inflation, stagnant incomes
  • Petroleum Minister says no domestic field is under curtailment and enhanced gas supply is being provided to domestic consumers across the country
By KASHIF IMRAN ·

Pakistan looks to Turkish firms for investment as economic reforms gain traction

  • Pakistan and Türkiye collaborate closely at the government-to-government level, especially in defense and security
  • Pakistan’s envoy to Türkiye highlights investment opportunities in livestock, renewable energy and the housing sector
By Hasaan Ali Khan ·

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Pakistan reports decline in militancy after punitive measures against Afghanistan

  • Pakistan suspended trade, hit suspected militant targets in Afghanistan in Oct., triggering fierce, week-long skirmishes between the neighbors
  • Military spokesman accuses India of backing Afghanistan-based groups, says Pakistan is prepared to defend itself against threat from either side
By Waseem Abbasi ·

Ithra looks back at The Year of Handicrafts

  • More than 100 local and international artists presented their work at more than 25 programs and events
By Arab News ·

Update

Spokesperson of the Coalition to Restore Legitimacy in Yemen: Aidrous Al-Zubaidi Flees to Unknown Location

  • Aidrous Al-Zubaidi fails to board plane bound for Saudi Arabia
By SPA ·

France: working with allies on plan should US make move on Greenland

  • Barrot said the subject would be raised at his meeting with the ⁠foreign ministers of ‌Germany and Poland ‍later ‍in the day
By Reuters ·

Silver crosses $77 mark while gold, platinum stretch record highs

  • Spot silver touched an all-time high of $77.40 earlier today, marking a 167% year-to-date surge driven by supply deficits
  • Spot platinum rose 9.8% to $2,437.72 per ounce, while palladium surged 14 percent to $1,927.81, its highest level in over 3 years
By Reuters ·

Capital concentrates as MENA startups close deals

By Nour El-Shaeri ·

Real Madrid, Atletico Madrid arrive in Jeddah for Spanish Super Cup

  • The Madrid rivals will play the semifinals on Thursday
By Arab News ·

Mohammed Bakri, filmmaker who championed Palestinian cause, dies aged 72

  • Bakri was known for his documentary “Jenin, Jenin” which denounced alleged Israeli war crimes in the Jenin refugee camp
  • The father of six also directed several socially conscious documentaries about the situation of Palestinian citizens of Israel
By AFP ·