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PIA’s revival set in motion with $482 million privatisation deal

[ Arif Habib details governance reforms, commits Rs125b for fleet, routes and debt cleanup KARACHI: Arif Habib, chairman of the investment firm that headed the consortium which secured a 75% majority stake in Pakistan International Airlines Corporation Ltd (PIACL) through a televised public auction on December 23, 2025, outlined plans to revive the national carrier … Read more

Afghan Taliban appoint first envoy to India since return to power

The move comes as India seeks leverage amid strained Pakistan–Afghanistan relations Afghanistan’s Taliban government has appointed their first senior official in India since the group returned to power in 2021, charged with leading its embassy in Delhi. India has not officially recognised the Taliban government, but the move signals a deepening engagement, with New Delhi … Read more

Oil prices hold near five-week high

[ Brent futures rose 8 cents, or 0.1% to $63.42 a barrel, while US WTI crude fell 13 cents, or 0.2%, to $58.99. NEW YORK: Oil prices held near a five-week high on Monday as concerns Iran may reduce exports during a crackdown on the biggest anti-government demonstrations in years offset expectations supplies could rise … Read more

Gold hits record on global safe-haven rush

[ KARACHI: Gold prices in Pakistan surged to a fresh record on Monday, mirroring a sharp rally in international bullion markets as investors flocked to safe-haven assets amid escalating political and monetary uncertainty in the United States. In the local market, the price of gold per tola jumped by Rs7,700 to reach an all-time high … Read more

Geopolitical turmoil sparks sell-off

[ KARACHI: A sharp wave of selling swept through the Pakistan Stock Exchange (PSX) on Monday, triggering a steep corrective phase, as escalating geopolitical tensions drove investors into risk-off mode. Heightened concerns over the Iran-US standoff, developments in Venezuela and instability in the Middle East and South Asia undermined market confidence, sending the benchmark KSE-100 … Read more

Speaker sets opp leader appointment process in motion

NA Speaker Sardar Ayaz Sadiq. PHOTO: APP ISLAMABAD: National Assembly Speaker Sardar Ayaz Sadiq on Monday initiated the process for appointing the leader of the opposition in the house in accordance with parliamentary rules, directing opposition lawmakers to submit their nomination by 3pm on Tuesday (today). Chairing the National Assembly session, the speaker told the … Read more