The Pakistan government has 'assured' the International Monetary Fund (IMF) of expediting the privatisation programme, reported ARY News, citing sources.
According to the report, PM Sharif called a high-level meeting in Islamabad to take stock of the privatisation process and also directed that immediate measures should be taken to strengthen the ability of the institutions in charge of privatisation to resuscitate the economy and speed up th
members of the People's Unity of Pakistan International Airlines (PIA), which is commonly known as the CBA, under the leadership of President Hidayatullah Khan, took to the streets raising slogans and banners with messages of defiance against what they perceived as a calculated attempt to di
Ahead of the general elections, the Special Investment Facilitation Council (SIFC) of Pakistan on Friday gave the approval for the division of the Pakistan International Airlines (PIA) into two different entities. However, the unpaid liabilities of the company will be parked in the upcoming
Islamabad: The government and banks have decided on a plan to restructure PIA's debt, totalling Rs268 billion. The Ministry of Finance, which initially didn't want to include PIA's debt in the overall public debt, has changed its mind. Now, they agreed to use the budget to pay both the princ
Norris came close to achieving McLaren's first Grand Prix victory since 2021 on multiple occasions, finishing in second place six times, while teammate Oscar Piastri won the Qatar Sprint race.
American singer-songwriter and pianist Norah Jones announced her ninth studio album 'Visions' and released a music video for the lead single 'Running', reported People.
Mumbai (Maharashtra) [India], January 11: The Symphony Orchestra of India (SOI), the country's only full-time professional orchestra, is set to unveil its Spring 2024 Season on the 2nd of February. Following a celebratory Autumn 2023 Season and the seven-city UK Tour, the eighteen-year-old o
Les McCann, the iconic jazz pianist, who is renowned for the protest song 'Compared to What', passed away on Friday at a hospital in Los Angeles, according to his manager.
Sources suggest that PIA cannot afford to pay more than PKR 8 billion in interest on the PKR 260 billion loan. The commercial banks involved in lending to PIA include the National Bank and Bank of Punjab, along with eight other commercial banks.