ISLAMABAD: Business leaders in Pakistan’s southern port city of Karachi will soon launch a new airline inspired by the success of Air Sial, which was established by their counterparts in Sialkot, a Pakistani city renowned for its cottage industries, according to a former leader of the Association of Builders and Developers of Pakistan on Wednesday.
The development comes as Pakistan witnesses the rise of private airlines amid the financial and administrative troubles faced by its national carrier, Pakistan International Airlines (PIA), which the government is working to privatize.
Hanif Gohar, who until recently was the association’s chairman, said the idea resonated with Karachi’s business community when he shared it following the launch of Air Sial.
“When I discussed the idea of an airline with Air Vice Marshal Imran Qadir, the recently retired Southern Commander of the Pakistan Air Force, he offered his expertise,” he told Arab News. “Subsequently, I presented it to the business community, which also supported it.”
Air Sial was launched with contributions of Rs10 million ($35,900) each from 300 businessmen, raising a total of Rs3 billion ($10.8 million) before its inauguration and the launch of its first domestic flight in December 2020. The airline began international operations in March 2023 with a flight to Jeddah, Saudi Arabia.
The proposed carrier, Air Karachi, plans to pool Rs50 million ($179,502) from each of its 100 shareholders, totaling Rs5 billion ($18 million).
“The response was so enthusiastic that some business families proposed multiple shareholders,” Gohar said.
He added that the process of launching the airline has already begun.
“We have registered Air Karachi with the Securities and Exchange Commission of Pakistan and completed other formalities,” he said. “Once the government issues the license, which is expected soon, we will acquire three aircraft to launch domestic flights.”
Gohar further said that after the mandatory one year of domestic operations, the airline will expand its fleet to seven and begin international flights to the Middle East.a
He informed that Air Vice Marshal Qadir had been appointed the chief operating officer of Air Karachi, while a team of retired Air Force officials with extensive aviation experience has been assembled to support the initiative.
Notable shareholders in the venture include Pakistani business tycoons Aqeel Karim Dhedhi, Arif Habib, S.M. Tanveer, Bashir Jan Muhammad, Khalid Tawab, Zubair Tufail and Hamza Tabani.
The idea of a Karachi-based airline gained attention earlier this month after former Prime Minister Nawaz Sharif advised his daughter and Punjab Chief Minister Maryam Nawaz to acquire PIA and rename it Air Punjab.
Following offers from the Punjab and Khyber Pakhtunkhwa governments to purchase PIA, Sindh Governor Kamran Tessori revealed that Karachi’s traders were also interested in acquiring the national airline.
“Karachi’s businesspersons are constantly contacting me to talk about the airline’s matters,” Tessori wrote on the social media platform X on Monday. “Karachi’s businesspersons want the PIA to be given to them for a year, and they are also interested in starting a new airline.”
Karachi business leaders plan new airline amid rise of private operations in Pakistan
https://arab.news/w6u8h
Karachi business leaders plan new airline amid rise of private operations in Pakistan
- Air Karachi, inspired by Sialkot’s Air Sial, aims to raise Rs5 billion from 100 shareholders
- The move follows PIA’s financial struggles amid government’s privatization efforts
Minister calls for strict measures to curb carbon emissions to deal with Pakistan smog crisis
- Pakistan’s eastern Punjab province experiences smog each year, with the provincial capital of Lahore ranking second among world’s most polluted cities on Sunday
- Officials say smog is a byproduct of large numbers of vehicles, construction and industrial work as well as burning of crop residue at the start of winter season
ISLAMABAD: Pakistan’s Law Minister Azam Nazeer Tarar on Sunday called for the enforcement of stringent policy measures to mitigate heat-trapping carbon emissions from vehicles in order to tackle the issue of smog, Pakistani state media reported.
Pakistan’s eastern Punjab province experiences dense smog each year, with the provincial capital of Lahore ranking second among the world’s most polluted cities on Sunday, according to Swiss air monitor IQAir.
Late last year, the province closed down schools and offices, banned outdoor activities and shortened timings for restaurants, shops and markets in a bid to contain the crisis.
The dangerous smog is a byproduct of large numbers of vehicles, construction and industrial work as well as burning of crop residue at the start of the winter wheat-planting season.
“Smog has emerged as a serious environmental and public health concern,” Tarar said as reported by Radio Pakistan, stressing the need to ensure conformity with Euro-5 or higher-grade fuels to improve the air quality and mitigate heat-trapping carbon emissions.
The comments came at a meeting of a committee to implement the National Climate Change Policy, aimed at steering Pakistan toward climate resilience and low carbon development.
Officials informed the participants that efforts had already been ramped up to transition the South Asian country to renewable energy sources, with significant investments in solar, wind, and hydropower projects.
“The government’s plan to achieve a 30 percent share of renewables in the energy mix by 2030 is well on track and all-out efforts are being made to promote Electric Vehicles to reduce the environmental impact of transportation,” they were quoted as saying.
Pakistan is among countries deemed most vulnerable to extreme weather caused by climate change, despite contributing less than 1 percent to global carbon emissions, according to officials.
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.
Top Bangladeshi commander meets Pakistan Navy officials, discusses regional maritime security
- The development comes amid a thaw in relations between both nations since PM Sheikh Hasina’s ouster in August
- The two sides discussed joint military exercises, reciprocal visits and training exchange programs, Pakistan Navy says
ISLAMABAD: Lt. Gen. SM Kamr-ul-Hassan, principal staff officer (PSO) of the Bangladesh armed forces division, on Sunday met senior Pakistan Navy officials and discussed with them regional maritime security cooperation, Pakistan Navy said.
Lt. Gen. Hassan toured Pakistan Navy ships and units during his visit to the southern Pakistani port city of Karachi, according to the Directorate General Public Relations (DGPR) of Pakistan Navy.
He met Pakistan Fleet Commander Rear Admiral Abdul Munib, Coast Commander Rear Admiral Faisal Amin and Managing Director of Karachi Shipyard & Engineering Works (KS&EW) Rear Admiral Salman Ilyas.
“During these engagements, discussions focused on professional matters of mutual interests, including regional maritime security and bilateral defense collaboration,” the DGPR said in a statement.
“Various potential areas of cooperation were highlighted, such as joint military exercises, reciprocal visits, and training exchange programs between the two countries.”
Pakistan and Bangladesh were once one nation, but they split in 1971 as a result of a bloody civil war, which saw the part previously referred to as East Pakistan seceding to form the independent nation of Bangladesh.
In the years since, Bangladeshi leaders, particularly former prime minister Sheikh Hasina, chose to maintain close ties with India. Relations between Pakistan and Bangladesh have warmed up since Hasina’s ouster as a result of a student-led uprising in August, witnessing a marked improvement.
“The visit of Lt. Gen. SM Kamrul Hassan is expected to further strengthen defense ties between the two brotherly nations, enhancing cooperation and solidifying the bonds between the armed forces of Pakistan and Bangladesh,” Pakistan Navy said.
Lt. Gen. Hassan, who is currently on a visit to Pakistan, this week met Chief of Army Staff (COAS) General Asim Munir in Rawalpindi, according to the Inter-Services Public Relations (ISPR), the Pakistani military’s media wing. During the meeting, both military commanders stressed the need for an enduring partnership between the two countries to remain “resilient against external influences.”
Earlier in the day, the Trade Development Authority of Pakistan (TDAP) said it would send two trade delegations to Bangladesh on Jan. 19-20 to increase bilateral relations and economic collaboration as both countries move to repair strained ties.
“The first delegation of dates comprising 13 exporters will leave for a week-long visit on Jan. 19 while the second delegation of citrus will leave for a business-to-business (B2B) meeting on Jan. 20,” the TDAP said.
The delegations will explore more trade opportunities, promote business partnerships and Pakistan’s export potential in the Bangladeshi market, it added.
The development comes days after the signing of a landmark agreement between Pakistan and Bangladeshi businesspersons to establish a joint business council between the two countries.
Pakistan’s Deputy Prime Minister Ishaq Dar is also scheduled to visit Dhaka at the start of February to further consolidate the relations between the two countries.
Pakistan to launch yuan-denominated Panda bonds by June, finance minister says
- The South Asian country intends to raise approximately $200 million from Chinese investors through Panda bonds
- Muhammad Aurangzeb says the move is part of a strategy to achieve sustainability in Pakistan’s balance of payments
ISLAMABAD: Finance Minister Muhammad Aurangzeb has said that Pakistan plans to launch yuan-denominated Panda bonds in June to enhance its presence in Chinese capital markets, Pakistani state media reported on Sunday.
The development follows an upgrade in Pakistan’s sovereign rating by all three major credit agencies. The country aims to get into the “single-B” category that would allow it to return to global bond markets to raise funds.
Aurangzeb said the South Asian country intends to raise approximately $200 million from Chinese investors through the issuance of the Panda bonds, the Radio Pakistan broadcaster reported.
“This step is part of a broader strategy to transition Pakistan’s economy toward export-driven growth, with a focus on achieving sustainability in the country’s balance of payments,” he was quoted as telling Hong Kong’s TVB news channel.
The South Asian country is navigating a challenging economic recovery path and has been buttressed by a $7 billion facility from the International Monetary Fund (IMF) in September. The government is optimistic it will meet the terms of the program.
Pakistan is being advised on the issuance of Panda bonds by the China International Capital Corporation, a partially state-owned financial services company, according to the finance minister. However, the latest figure is lower than the $300 million targeted by Pakistan last year.
Aurangzeb extended an invitation to Hong Kong to send delegations to explore trade and financial opportunities in Pakistan, according to the Radio Pakistan report.
“Hong Kong could serve as a strategic hub for joint ventures between Chinese and Pakistani companies,” he said.
To revive its $350 billion economy, Pakistan has been making efforts to position itself as a regional trade and transit hub by leveraging its strategic geopolitical position.
The South Asian country has witnessed a flurry of visits, investment talks and economic activity involving officials from Saudi Arabia, United Arab Emirates, China and Central Asian nations in recent months.
Pakistani security forces kill five militants in volatile southwest — military
- The militants were killed while attempting to ‘infiltrate’ Pakistan’s border in Balochistan’s Zhob district
- Islamabad blames a surge in militancy on militants operating out of Afghanistan, Kabul denies allegation
ISLAMABAD: Pakistani security forces have gunned down five militants in the country’s southwestern Balochistan province, the Pakistani military said on Sunday.
Balochistan, Pakistan’s largest province in terms of landmass that borders Iran and Afghanistan, has been the site of a low-level insurgency by Baloch separatists and religiously motivated militant groups.
The militants were killed while attempting to infiltrate Pakistan’s border in Balochistan’s Zhob district, according to the Inter-Services Public Relations (ISPR), the military’s media wing.
“Pakistan has consistently been asking Interim Afghan Government to ensure effective border management on their side of the border,” the ISPR said in a statement.
“Interim Afghan Government is expected to fulfill its obligations and deny the use of Afghan soil by Khwarij [Pakistani Taliban militants] for perpetuating acts of terrorism against Pakistan.”
The Pakistani Taliban, or the Tehreek-e-Taliban Pakistan (TTP), have frequently targeted Pakistani forces in the northwestern Khyber Pakhtunkhwa (KP) province. The group has also maintained some presence in Balochistan.
This week, Pakistani security forces also killed 27 militants in an intelligence-based operation in Balochistan’s Kacchi district, according to the ISPR. The deceased militants had been involved in militant activities against security forces as well as innocent civilians and were “highly wanted” by law enforcement agencies.
Islamabad has frequently accused neighboring Afghanistan of sheltering and supporting militant groups that launch cross-border attacks. Afghan officials deny involvement, insisting Pakistan’s security issues are an internal matter of Islamabad.
Masood defends Pakistan’s spin-spiced formula after West Indies win
- Pakistan completed the win before tea on the third day as spinners Sajid Khan grabbed 5-50 and Abrar Ahmed finished with 4-27
- The Test lasted fewer than eight sessions on a dry, grassless Multan Stadium pitch, with spinners taking 34 of 40 wickets to fall
MULTAN: Skipper Shan Masood defended Pakistan’s formula of using spin-friendly pitches to win home Test matches after a 127-run victory over the West Indies in Multan on Sunday.
Pakistan completed the win before tea on the third day as spinners Sajid Khan grabbed 5-50 and Abrar Ahmed finished with 4-27 to dismiss the West Indies for 123 after setting a 251-run target.
The Test lasted fewer than eight sessions on a dry and grassless Multan Stadium pitch, with spinners taking 34 of the 40 wickets to fall.
Sajid finished with nine wickets, fellow spinner Noman Ali six and the West Indian left-armer Jomel Warrican took a maiden 10-wicket haul.
Pakistan bowled just one over of pace in the match.
“If we want to be a top side in the World Test Championship then we have to sacrifice some things, like we did with the fast bowling in this Test,” Masood said.
Pakistan made drastic changes after going winless in 11 home Tests since 2021, using industrial fans and patio heaters to dry the Multan pitch against England last year.
Sajid and Noman took 39 of the 40 wickets to give Pakistan a come-from-behind 2-1 series win against England, repeating the same ploy against the West Indies.
Masood’s captain counterpart Kraigg Brathwaite had no issue with it.
They will play the second Test from January 25 at the same venue.
“They’re at home so they got their decision how they want the pitch to behave,” said Brathwaite.
“It was a difficult pitch to bat on for sure.
“We expect the same type of pitch in the second Test so we got to come better with bravery and belief.”
Left-hander Alick Athanaze hit the only half-century for the tourists in the match with 55, an innings Brathwaite wants his batters to learn from.
“He swept it on both sides so we just have to be brave,” said Brathwaite.
“We have got one more Test and we have to believe in ourselves.”
