KARACHI: A Pakistani real estate development company said on Wednesday it had completed requirements to enter the bidding process for a stake in the country’s flag carrier, Pakistan International Airlines (PIA), scheduled for later this week.
The cash-strapped government, which is looking to privatize the loss-making airline, said earlier this month six companies had been shortlisted as potential bidders.
But only one company met a Tuesday deadline to submit “earnest money” prior to final bidding, Bloomberg reported on Tuesday citing a privatization commission official.
The chairman of Blue World City, Saad Nazir, confirmed to Reuters in a text message that his company is the only one to enter the final bidding process, declining to disclose the earnest money it had submitted.
The privatization ministry did not immediately reply to request for comment outside business hours.
Islamabad has previously said it was putting on the block a stake of between 51 percent and 100 percent in the debt-ridden airline as part of reforms urged by the International Monetary Fund.
Blue World City, a real estate developer, has a consortium that includes Blue World Aviation and IRIS Communication Limited.
Nazir said the group is also looking into acquiring operations of the Islamabad International Airport which the government is looking to outsource.
The group is in talks with global aircraft manufacturers and airport operators, including Chinese and Turkish companies, he said.
Real estate developer says cleared to bid for Pakistan’s flag carrier
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Real estate developer says cleared to bid for Pakistan’s flag carrier
- Government said earlier this month six companies have been shortlisted as potential PIA bidders
- Top Blue World City official says the group is also planning to acquire Islamabad airport operations
Road accidents kill 12 in Pakistan’s southwestern Balochistan province
- Three accidents were reported in Balochistan’s Sibi, Washuk, and Chaghi districts, injuring several people
- Fatal road accidents are common in Pakistan due to dilapidated infrastructure and reckless driving
QUETTA: At least 12 people were killed and several others injured in three deadly road accidents in Pakistan’s impoverished southwestern Balochistan province on Tuesday, according to government officials.
Fatal accidents are common in Pakistan, where traffic rules are rarely followed and roads, particularly in rural and mountainous areas, are in poor condition. Such incidents are frequent in Balochistan, where single-carriage roads connect various cities, and even some highways lack modern safety features.
Speaking to Arab News about the first incident, Assistant Commissioner of Sibi Mansoor Ali Shah confirmed that a Jacobabad-bound passenger van from Quetta collided with a truck, resulting in fatalities and injuries among the travelers.
“At least six people from various districts of Balochistan were killed and 13 injured in the incident,” Shah said over the phone. “The injured were shifted to nearby hospitals.”
He added that the crash occurred due to speeding, as the van driver was attempting to overtake another vehicle on the single-carriage Quetta-Sukkur highway.
Another incident occurred in the evening when two vehicles, locally known as Zambad, had a head-on collision while traveling in the mountainous Washuk district, resulting in the deaths of four people.
“One Zambad vehicle was carrying smuggled Iranian oil, while the other had only the driver when they collided near a mountainous area close to the Washuk-Panjgur district,” Assistant Commissioner Shahzad Zehri told Arab News.
“Fire broke out in both vehicles due to the smuggled Iranian oil, and the people onboard were burnt to death,” he continued, adding that the bodies had been shifted to a local hospital for medico-legal procedures and identification.
Blue-colored right-hand-drive Iranian Zamyads, locally known as Zambads, are frequently used for smuggling Iranian goods that enter Pakistan through various points along the 904-kilometer border between the two countries.
In the third accident, two people, including a woman, were killed after attending a wedding party. They were traveling in a vehicle that overturned due to speeding in Dak, an area in Chaghi district.
Assistant Commissioner of the region, Basit Buzdar, said seven people were on board the vehicle, which was coming from Nushki.
“Two people, including a woman, were killed, and five others were injured in the accident,” he told Arab News.
Buzdar added that the injured were shifted to Prince Fahad Hospital Dalbandin.
“The speeding vehicle overturned after the driver lost control on a muddy track along the Quetta-Taftan highway,” he said, sharing details of the accident.
Pakistan condemns Israel’s ban on UN agency serving Palestinians in occupied territories
- UNRWA was established in 1949 to help Palestinians and has long been a target of Israeli criticism
- Pakistan’s ambassador to UN says Israel’s decision shows it is ‘doubling down on its genocidal war’
ISLAMABAD: Pakistan’s top diplomat at the United Nations on Tuesday condemned Israel’s decision to ban the UN Relief and Works Agency (UNRWA) from operating in the occupied Palestinian territories, calling it “irreplaceable” due to its vital role in serving millions of Palestinians.
UNRWA was established in 1949 to provide education, health care and other services to Palestinian refugees and has long been a target of Israeli criticism. Since October 2023, Israel has accused it of facilitating Hamas activities, leading to its ban earlier this week on Monday.
The decision coincides with the deaths of nearly 180 UNRWA staff members in the ongoing conflict in the Gaza Strip, part of a broader toll of over 220 humanitarian workers killed. The situation has drawn global condemnation, with UN officials highlighting the unprecedented loss of life among aid workers.
“The passage of the bills by Israeli parliament concerning UNRWA is further evidence that Israel is doubling down on its genocidal war against Palestinians by cutting off the lifeline for the Palestinians provided by UNRWA and other UN entities,” Ambassador Munir Akram said, according to an official statement released by Pakistani diplomatic mission at the UN.
He maintained UNRWA was “irreplaceable, providing life-saving aid and support to millions.”
Nearly two million people in Gaza rely on the agency for aid, with about one million using its shelters for food and health care in the enclave. The agency has provided Palestinians with everything from food and health care to education and psychological support for decades.
“Any effort to diminish its role will have severe humanitarian and regional consequences,” Akram said.
Pakistan PM calls for immediate ceasefire in Gaza at Riyadh investment forum
- Shehbaz Sharif calls for global partnerships in AI, robotics, education, energy, space, finance, health care
- Says this dream can not be fulfilled and the world would not progress unless peace was restored in Gaza
ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday called for an immediate ceasefire in Gaza as he attended the Future Investment Initiative (FII) forum in the Saudi capital of Riyadh, saying the world could not prosper without peace in Gaza.
Sharif is in Riyadh to attend the FII summit, for which global business, technology and financial leaders have converged in the Saudi capital, looking for opportunities to forge relations with some of Saudi Arabia’s biggest companies and its $925 billion sovereign wealth fund.
Speaking at the summit, Sharif said nations and global companies needed to come together to harness the power of artificial intelligence and forge partnerships in AI, robotics, education, energy, space, finance, health care and sustainability.
“This dream will never be fulfilled, come to its certainty and transform into action unless peace is restored in Gaza and bloodshed is immediately stopped over there,” Sharif told the summit amid a round of applause by attendees. “Without that, world will not progress and will not prosper.”
The war in Gaza broke out after Hamas militants attacked Israel on October 7, 2023, which resulted in the deaths of nearly 1,200 people, according to official Israeli figures. Israel launched a blistering military campaign in Gaza that has since killed over 41,000 people, the Palestinian health ministry says.
Pakistan does not recognize nor have diplomatic relations with Israel and calls for an independent Palestinian state based on “internationally agreed parameters.”
Since the beginning of Israel’s war on Gaza, Pakistan has repeatedly raised the issue at the United Nations, the Organization of Islamic Cooperation (OIC) and other multilateral platforms and demanded international powers and bodies stop Israeli military actions in Gaza.
The South Asian country has also dispatched several aid consignments for Palestinians.
On Tuesday, Pakistan’s National Disaster Management Authority (NDMA) dispatched the 17th relief consignment for the war-affected people of Gaza and Lebanon, vowing to continue relief supplies amid Israel’s ongoing military campaigns in the Middle East.
Pakistan has also set up a special account titled, “Prime Minister’s Relief Fund for Gaza and Lebanon,” under PM Sharif’s directions, for donations for the people of Gaza and Lebanon.
Saudi oil giant Aramco launches first branded gas station in Pakistan
- The development follows Aramco’s acquisition of a 40 percent stake in Gas & Oil Pakistan Ltd. petroleum company in April
- Together with GO, Aramco plans to expand its retail network and establish a presence in the fast-growing Pakistani economy
KARACHI: Saudi oil giant, Aramco, on Tuesday unveiled its first branded retail gas station in Pakistan in the eastern city of Lahore, months after its acquisition of a 40 percent stake in Gas & Oil Pakistan Ltd. (GO) petroleum company.
Aramco is a global integrated energy and chemicals company that produces approximately one in every eight barrels of the world’s oil supply. GO, one of Pakistan’s largest retail and storage companies, is involved in the procurement, storage, sale and marketing of petroleum products and lubricants.
The Aramco-branded stations in Pakistan will offer branded premium fuel, high-quality lubricants, professional automotive services and modern convenience stores to provide a seamless customer experience, according to a statement shared by Corporate and Marketing Communications (CMC), which handles Go and Aramco’s public relations in Pakistan.
“This is another milestone in Aramco’s downstream growth story, as we launch the first Aramco station in Pakistan — a market with significant growth potential,” Yasser M. Mufti, Aramco executive vice president of products and customers, was quoted as saying by the CMC.
“Our values of excellence, innovation and community partnerships sit at the heart of what we do, and will act as our guide as we leverage our extensive global refinery systems to ensure reliable supplies to customers while introducing our complementary world class retail offerings.”
Together with GO, which has a network of over 1,200 fuel retail stations in Pakistan, Aramco plans to expand its retail network and establish a presence in the fast-growing Pakistani economy.
“We are confident that this partnership will deliver exceptional value to customers,” Mufti said.
Khalid Riaz, the GO chief executive officer, echoed the sentiment, saying the first Aramco-branded gas station in Lahore was a testament to their commitment to excellence and innovation.
“Together with Aramco, we aim to elevate the retail fuel landscape in Pakistan, setting new benchmarks for quality, service, and customer satisfaction,” he said.
Pakistan and Saudi Arabia enjoy strong trade, defense and cultural ties. The Kingdom is home to over 2.7 million Pakistani expatriates and serves as the top source of remittances to the cash-strapped South Asian nation.
In February 2019, Pakistan and Saudi Arabia inked investment deals totaling $21 billion during a visit by Saudi Crown Prince Mohammed bin Salman to Islamabad. The agreements included about $10 billion for an Aramco oil refinery and $1 billion for a petrochemical complex at the strategic Gwadar Port in Pakistan’s Balochistan province.
Both countries have been working in recent months to increase bilateral trade and investment, and the Kingdom this year reaffirmed its commitment to expedite an investment package worth $5 billion for Pakistan.
New Pakistan white-ball skipper hopes Australia tour settles side
- Mohammad Rizwan was appointed captain of limited over formats on Sunday, replacing Babar Azam
- Three one-day international matches will kick off in Melbourne on November 4, followed by three T20Is
KARACHI: Pakistan’s new white-ball skipper Mohammad Rizwan said Tuesday he hopes a new-look squad will settle into form on their Australia tour, after a saga of upheaval for the side.
Rizwan was appointed captain of limited over formats on Sunday, replacing Babar Azam who had two turns in the post but wasn’t able to allay a run of disastrous tournament performances.
Pakistan suffered further tumult on Monday when white-ball head coach Gary Kirsten resigned over differences on selection just days before the Australia tour. Test coach Jason Gillespie will stand in as a replacement.
Three one-day international matches will kick off in Melbourne on November 4, followed by the same number of T20Is in a test of the team ahead of next year’s Champion Trophy.
Openers Fakhar Zaman and Imam-ul-Haq were dropped on fitness and disciplinary issues.
“We will miss them, but ahead of a major event like the Champions Trophy we want to test various combinations and hope they will settle before the event,” Rizwan told reporters.
Pakistan recalled Azam and pace spearheads Shaheen Shah Afridi and Naseem Shah for the series after dropping them for the last two Tests of the England series they won 2-1 last week.
The ODI squad also includes Aamer Jamal, Arafat Minhas, Faisal Akram, Haseebullah, Muhammad Irfan Khan and Saim Ayub who have yet to play the format.
Jahandad Khan and Salman Ali Agha are previously untested players included in the T20I squad.
“Whoever is the coach we need to combine well and bring good results on a tough tour,” said Rizwan.
Pakistan have won only two of their last 16 ODIs in Australia and lost three of the four T20Is.
