Government announces Pakistan International Airlines auction on October 1

View of a Pakistan International Airlines (PIA) passenger plane, taken through a glass panel, at Islamabad International Airport, Pakistan, on October 3, 2023. (REUTERS/File)
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Updated 20 September 2024
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Government announces Pakistan International Airlines auction on October 1

  • Decision is significant since it has been recommended by IMF to privatize lossmaking state entities
  • PIA is burdened with debt amounting to $2.9 billion and has lost some lucrative routes in recent years

ISLAMABAD: Pakistan’s Privatization Commission Board on Friday announced the auction of the country’s national air carrier on October 1 in an official statement released after holding a meeting to evaluate the ongoing sales process.

The government has been seeking to sell Pakistan International Airlines (PIA), which has been burdened with debt amounting to Rs800 billion ($2.9 billion), after approving several bailout packages at the request of its management to cover operational expenses in the past.

The country initially wanted to finalize the airline’s privatization deal on its Independence Day, August 14, but the process was delayed following requests from bidders awaiting PIA’s latest audited accounts, aircraft lease agreements and clarity on flights to Europe, which have remained suspended for nearly four years.

“The bidding for PIA’s privatization is scheduled to take place on October 1, 2024,” the statement said.

It informed the board meeting considered the recommendations of its financial adviser to amend the document containing the criteria related to potential bidders to ensure a smoother sales process.

“The board reviewed the current status of PIA’s privatization and considered the financial adviser’s recommendations regarding permissible changes under the Request for Statement of Qualification (RSOQ) terms,” it said.

The Privatization Commission has pre-qualified six bidders, which include Fly Jinnah, a consortium led by YB Holdings (Private) Limited, Air Blue Limited, a consortium led by Pak Ethanol (Private) Limited, Arif Habib Corporation Limited and Blue World City.

The process is also significant since it has been recommended by the International Monetary Fund (IMF) that wants the country to privatize all lossmaking state-owned entities as part of the rationalization of national economy.

Pakistani officials have already taken up the issue of PIA flight restoration to Europe, with Deputy Prime Minister Ishaq Dar describing it as a “major priority” for the government during a five-day visit to London earlier this month.

The suspension of PIA flights followed a 2020 plane crash in Karachi that killed 97 people.

The incident was followed by a controversial statement by a former aviation minister, Ghulam Sarwar Khan, who said that a significant number of Pakistani pilots held fake licenses.

This led the European Union Aviation Safety Agency to impose a ban on PIA.


High-level Saudi delegation in Pakistan to strengthen parliamentary ties

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High-level Saudi delegation in Pakistan to strengthen parliamentary ties

  • Pakistan and Saudi Arabia enjoy strong trade, defense and cultural relations
  • The Saudi delegation will meet top Pakistani parliamentarians during the visit

ISLAMABAD: A high-level parliamentary delegation of the Saudi Shoura Council arrived in Pakistan to strengthen parliamentary ties between the two countries, the National Assembly of Pakistan said on Sunday.
The delegation, led by the Head of the Saudi-Pak Parliamentary Friendship Committee Dr. Abdulrahman bin Sanhat bin Abdullah Al-Harbi, is visiting Pakistan on the invitation of Pakistan’s National Assembly Speaker Ayaz Sadiq.
It comprises members of the Saudi Shoura Council and the Saudi-Pak Parliamentary Friendship Committee, Dr. Iman bint Abdulaziz Al-Jabreen and Engineer Salem bin Ali Al-Shahrani.
The delegates held a meeting with NA Speaker Sadiq in Islamabad, during which both sides agreed to promote parliamentary exchanges, according to a statement on the National Assembly of Pakistan’s Facebook page.
“The Pak-Saudi Friendship Group established in the National Assembly is playing an important role in promoting harmony between the parliaments of the two countries,” NA Speaker Sadiq was quoted as saying.
“Exchanges of parliamentary delegations will give the parliamentarians of both countries an opportunity to benefit from each other’s experiences.”
Dr. Abdulrahman said Saudi Arabia attaches great importance to its relations with Pakistan, according to the Pakistani National Assembly statement.
“During the meeting, discussions were held on the unity of the Muslim world, and joint role for peace and development in the region,” it read.
Pakistan and Saudi Arabia enjoy strong trade, defense and brotherly relations. The Kingdom is home to over 2 million Pakistani expatriates, serving as the top destination for remittances for the cash-strapped South Asian country.
Saudi Arabia has also extended significant support to Pakistan during prolonged economic challenges faced by Islamabad in recent years, including external financing and assistance with International Monetary Fund (IMF) loan programs.


Pakistan’s new electric vehicle policy targets 30% green cars by 2030

Updated 22 June 2025
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Pakistan’s new electric vehicle policy targets 30% green cars by 2030

  • The policy aims to cut Pakistan’s reliance on imported fuel, shielding the economy from global oil price fluctuations
  • Electric vehicles are also expected to offer long-term savings for consumers through reduced fuel and maintenance costs

ISLAMABAD: Pakistan has unveiled an ambitious New Electric Vehicle Policy (NEVP) 2025–2030 that targets 30% of all new vehicle sales to be electric by 2030, Pakistani state media reported on Sunday.

The policy, which covers cars, buses, motorcycles and rickshaws, aims to accelerate the country’s shift toward sustainable transport, reduce fossil fuel dependence, and curb climate-warming emissions, the state-run APP news agency reported.

Pakistan imports most of its energy needs and the country’s urban areas exhibit some of the world’s highest levels of air pollution, primarily due to sub-2.5 μm particulate emissions. This issue significantly impairs both the country’s economy and the quality of life of its residents.

“Transitioning to electric vehicles (EVs) is critical for a healthier, greener and economically stable future,” Muhammad Saleem Shaikh, a spokesperson for the Climate Change Ministry, told APP, contending that transport sector was a major contributor to air pollution and greenhouse gas emissions in Pakistan.

With the NEVP now in effect, Pakistan, which has seen erratic changes in its weather patterns which experts blame on climate change, joins a growing list of nations pushing for zero-emission mobility to combat climate change and urban pollution.

Mohammad Asif Sahibzada, director-general of the Climate Change Ministry, highlighted that EVs produce zero tailpipe emissions, which will significantly reduce urban smog and help Pakistan meet its international commitments.

“This shift will also lower respiratory and cardiovascular diseases, particularly benefiting children and the elderly,” he added.

The policy aims to cut Pakistan’s reliance on imported fossil fuels, shielding the economy from global oil price fluctuations. EVs are also expected to offer long-term savings for consumers through reduced fuel and maintenance costs.

The government plans to incentivize EV adoption through tax breaks, subsidies, and infrastructure development, including nationwide charging stations.

“Electric vehicles are not just about transport; they are central to Pakistan’s climate action strategy,” Muhammad Azeem Khoso, the ministry’s director for urban affairs, was quoted as saying by the APP.

“This policy marks a decisive step toward a cleaner, more resilient future.”


Pakistan, China and Russia to push for ceasefire as UN Security Council meets on Iran

Updated 22 June 2025
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Pakistan, China and Russia to push for ceasefire as UN Security Council meets on Iran

  • The three countries have circulated a draft resolution text and asked UNSC members to share comments by Monday
  • A resolution needs at least nine votes in favor and no vetoes by the US, France, Britain, Russia or China for it to pass

ISLAMABAD: Pakistan, China and Russia will present a joint resolution calling for an immediate and unconditional ceasefire in the Middle East, the Pakistani mission to the United Nations (UN) said on Sunday, ahead of a UN Security Council meeting to discuss US airstrikes on Iranian nuclear sites.

It was not immediately clear when it could be put to a vote. The three countries circulated the draft text, and asked members to share their comments by Monday evening. A resolution needs at least nine votes in favor and no vetoes by the United States, France, Britain, Russia or China to pass.

The US is likely to oppose the draft resolution, which condemns the attacks against “peaceful nuclear sites and facilities under the IAEA (International Atomic Energy Agency) safeguards in the Islamic Republic of Iran” and says that such attacks represent a threat to international peace and security, and to the entire safeguards regime of the IAEA, according to a draft seen by Arab News.

It calls for an immediate and unconditional ceasefire and a diplomatic solution to the nuclear issue to reach an agreement acceptable to all parties that “guarantees the exclusively peaceful nature of the Islamic Republic of Iran’s nuclear program in exchange for complete lifting of all multilateral and unilateral sanctions.”

“Pakistan, China and Russia jointly have drafted a resolution and it is hoped that other countries like Algeria may also become its approvers,” Pakistan’s UN mission said.

“So far, it has been shared with the members countries for comments, which is a procedure before tabling it in the UNSC.”

The member countries will comment on the draft resolution and then a final draft will be tabled in the Security Council.

The world awaited Iran’s response on Sunday after President Donald Trump said the US had “obliterated” Tehran’s key nuclear sites, joining Israel in the biggest Western military action against the Islamic Republic since its 1979 revolution.

Iran requested the UN Security Council meeting, calling on the 15-member body “to address this blatant and unlawful act of aggression, to condemn it in the strongest possible terms.”

Israel’s UN Ambassador Danny Danon said in a statement on Sunday that the US and Israel “do not deserve any condemnation, but rather an expression of appreciation and gratitude for making the world a safer place.”

UN Secretary-General Guterres branded the US strikes on Iran as a “dangerous escalation in a region already on the edge – and a direct threat to international peace and security.”

“At this perilous hour, it is critical to avoid a spiral of chaos. There is no military solution. The only path forward is diplomacy. The only hope is peace,” Guterres said in a statement.


Pakistan urges OIC to transform its pronouncements on Kashmir into ‘tangible actions’

Updated 22 June 2025
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Pakistan urges OIC to transform its pronouncements on Kashmir into ‘tangible actions’

  • Kashmir has been divided between Pakistan and India since their independence from Britain in 1947
  • Both countries claim the territory in full and have fought two of their four wars over the disputed region

ISLAMABAD: Pakistan’s deputy prime minister has urged the Organization of Islamic Cooperation (OIC) to transform its pronouncements on the disputed Kashmir region into “tangible actions,” the Pakistani foreign office said on Sunday, following a meeting of the OIC Contact Group on Jammu and Kashmir.

The meeting took place on the sidelines of the 51st session of the OIC Council of Foreign Ministers in Istanbul, which came in the backdrop of Israeli military campaign against Iran and Pakistan’s recent military conflict with India.

While Pakistan’s brief standoff with India ended in a ceasefire last month, Israel’s attacks on Iran were followed by US airstrikes on three Iranian nuclear facilities, raising fears of further instability in an already volatile region.

Addressing envoys of OIC member states, Pakistan’s deputy premier and foreign minister, Ishaq Dar, described New Delhi’s actions in Indian-administered Kashmir as a replication of the Israeli designs in Palestine, referring to alleged human rights violations and attempts to change demographics of the disputed Himalayan territory.

“The OIC’s pronouncements on Jammu and Kashmir are a major source of support to the Kashmir cause,” Dar said. “However, in view of the mounting challenges to the Kashmiri struggle, the OIC should transform its pronouncements into tangible actions. The Organization should scale up its efforts for mitigation of the Kashmiri people’s sufferings and finding a just settlement of the Jammu and Kashmir dispute.”

Kashmir has been divided between Pakistan and India since their independence from Britain in 1947. Both countries have fought two of their four wars over the disputed region, which is ruled in part but claimed in its entirety by both India and Pakistan.

The latest conflict between the two neighbors was also triggered by a militant attack in Indian-administered Kashmir’s Pahalgam resort town, which killed 26 tourists on April 22. India blamed the attack on Pakistan, a charge Islamabad denies.

New Delhi has long accused Pakistan of fanning an insurgency on its side of Kashmir. Islamabad denies this and maintains that it only offers moral, political and diplomatic support to the Kashmiris.

Dar said Indian authorities exploited the Pahalgam attack to launch a massive crackdown in Kashmir.

“There are reports that over 2800 Kashmiris were arrested or questioned in the immediate aftermath of the attack,” he said. “The draconian Public Safety Act was slapped on at least 75 of them. The police carried out extensive searches at multiple residences of the locals. Around three dozen houses were razed to ground through the use of explosives.”

The Pakistani deputy PM said the disturbing developments in Indian-administered Kashmir have once again shown that a peaceful settlement of the Kashmir dispute is imperative for a lasting peace in South Asia.

“The region is home to over one-fifth of the world population. It could ill-afford the consequences of irresponsible Indian actions,” he said, urging the OIC and its members to use their influence to urge India to improve the human rights situation, release political prisoners and implement relevant United Nations Security Council resolutions in Indian-administered Kashmir.


Heavy rains, lightning strikes kill at least six people in Pakistan’s northwest

Updated 22 June 2025
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Heavy rains, lightning strikes kill at least six people in Pakistan’s northwest

  • A total of seven houses were damaged due to rains, strong winds and flash floods in Khyber Pakhtunkhwa province
  • The Pakistan Meteorological Department this week forecast pre-monsoon rains across various parts on June 20-23

ISLAMABAD: Heavy rains and lightning strikes killed at least six people and injured five others in Pakistan’s northwestern Khyber Pakhtunkhwa (KP) province this week, the KP Provincial Disaster Management Authority (PDMA) said on Sunday.

A total of seven houses were damaged due to rains, strong winds and flash floods that have lashed the province since June 20, according to a PDMA report. The accidents occurred in Mansehra, Buner, Lower Dir, Upper Dir, Malakand and Kohistan districts of the province.

“The deceased include three men, one woman and two children, while the injured include three men and two women,” it said.

The Pakistan Meteorological Department (PMD) this week forecast pre-monsoon rains in Kashmir, Gilgit-Baltistan and Punjab and KP from June 20 till June 23.

“The PDMA has already issued a letter to the district administrations to remain alert and take preventive measures,” it added.

Last month, rains and thunderstorms killed at least 26 people in KP and Punjab provinces, authorities said.

Pakistan has seen erratic changes in its weather patterns which have led to frequent heat waves, untimely rains, storms, cyclones and droughts in recent years. Scientists have blamed the events on human-driven climate change.

In 2022, devastating floods, blamed on human-driven climate change, killed more than 1,700 Pakistanis, affected another 33 million and caused the country over $30 billion in economic losses.