President Zardari approves bill, completes legal requirement for PIA privatisation

Bill was passed by Senate on June 10 this year, subsequently approved by National Assembly on June 11 President Asif Ali Zardari on Friday gave his assent to the Pakistan International Airlines Corporation (Conversion) (Repeal) Bill, 2026, completing a key legal requirement for the privatisation of Pakistan International Airlines Company Limited (PIACL). According to a…

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Pakistan Army team secures first place at International Pacesticking Competition 2026 in UK

Total of 16 international teams from different armies participated in annual event, military’s media wing says Pakistan Army team, represented by the Pakistan Military Academy (PMA), secured first place at the International Pacesticking Competition 2026 held at the Royal Military Academy (RMA) Sandhurst, United Kingdom (UK), the military’s media wing said on Friday. According to…

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Record stock rally masks weak capital raising

KSE-100 surges 18.2% but only Rs16b raised via IPOs; analysts warn of limited fresh funds KARACHI: Pakistan’s capital markets posted strong gains during the first nine months of FY2026, with the benchmark KSE-100 index surging 18.2% to 148,743 points by the end of March, according to the Pakistan Economic Survey 2025-26 unveiled by Finance Minister…

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Govt to unveil Rs17.5tr budget

ISLAMABAD: The government is set to unveil a massive Rs17.5 trillion (approximately $61 billion) consolidated budget for the fiscal year 2026–27 on Friday (today) to meet strict International Monetary Fund austerity conditions. The framework sets an ambitious Federal Board of Revenue tax target of Rs15.267 trillion and targets a 4.1% GDP growth. The high-stakes spending…

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Funeral held for MI-17 martyrs

. RAWALPINDI: Funeral prayers of those who embraced martyrdom in a MI-17 helicopter crash in Muzaffarabad were offered on Thursday at Chaklala Garrison. Prime Minister Shehbaz Sharif, COAS & CDF Field Marshal Syed Asim Munir and other top civil and military officials attended the funeral prayers, said a press release issued by Inter-Services Public Relations…

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El Nino is here and could reach historic intensity

WASHINGTON: The phenomenon El Nino has arrived, the US weather agency said Thursday, and scientists expect the pattern synonymous with droughts, floods and soaring temperatures will intensify into the end of the year, potentially to historic strength. El Nino is a natural climate occurrence that warms surface temperatures in the central and eastern equatorial Pacific…

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