FO Blames India for Terror Strikes in Pakistan

FO Blames India for Terror Strikes in Pakistan

The Foreign Office (FO) has accused India of being behind terrorist attacks in Pakistan. During a weekly briefing in Islamabad, FO spokesperson Shafqat Ali...
Bluesky CEO’s Shirt Sends Message to Zuckerberg at SXSW 2025

Bluesky CEO’s Shirt Sends Message to Zuckerberg at SXSW 2025

At SXSW 2025, Bluesky CEO Jay Graber made a bold fashion statement that reflected her company’s vision. She wore a large black T-shirt with...
Parents Of Murdered UK-Pakistani Girl Appeal Life Terms

Parents of Murdered UK-Pakistani Girl Appeal Life Terms

A UK court will hear the appeals of Urfan Sharif and Beinash Batool, who were jailed for life for murdering 10-year-old Sara Sharif. The...
Bedridden Woman Brought to Bank on Stretcher for Biometrics Verification

Bedridden Woman Brought to Bank on Stretcher for Biometrics Verification

An elderly woman was taken to a bank in Karachi's North Nazimabad area on a stretcher for biometric verification. The bank reportedly offers home...
Chief Minister Maryam Nawaz Sharif has set a target to provide training and job placement to 100,000 youth in Punjab

Maryam Nawaz to Launch ‘Skills on Wheel’ to Train 100,000 Youth

Chief Minister Maryam Nawaz Sharif has set a target to provide training and job placement to 100,000 youth in Punjab. She directed officials to...
Petrol Prices to Drop by Rs14.16 per Litre from March 16

Petrol Prices to Drop by Rs14.16 per Litre from March 16

Consumers are expected to see a massive relief in fuel prices from March 16, 2025, as global oil prices decline. The ex-depot price of...
Pakistani Tennis Star Smashes World Record for Fastest Serves

Pakistani Tennis Star Smashes World Record for Fastest Serves

Pakistan’s Talha Waheed has made history by breaking the Guinness World Record for the most tennis serves in a minute. He achieved 59 successful...
Security Forces bring an end to Jaffar Express Siege

Security Forces Bring an End to Jaffar Express Siege

Security forces stormed the hijacked Jaffar Express on Wednesday, ending the 30-hour siege in Balochistan’s Bolan area. They killed all 33 terrorists and successfully...
UN Leads World in Condemning Balochistan Train Attack

UN Leads World in Condemning Balochistan Train Attack

As the world's capitals expressed solidarity with Islamabad following the horrific attack on defenseless passengers, the United Nations led international condemnations of the terrorist...
Bazaars Buzz With Shoppers as Eid Nears

Bazaars Buzz with Shoppers as Eid Nears

As Eid nears, all the Bazaar streets are clogged with buyers. The influx of customers is so high that the shops are often opened until Sehri...
Islamabad on High Alert after Jaffar Express Attack

Islamabad on High Alert after Jaffar Express Attack

Following the attack on the Jaffar Express in Balochistan, security has been increased across Pakistan's capital, Islamabad. Local authorities acted quickly to increase security after...
Armaghan’s Father Advised Him to Flee After Mustafa’s Murder: IO

Armaghan’s Father Advised Him to Flee After Mustafa’s Murder: IO

According to information presented to an anti-terrorism court on Tuesday, Armaghan, the main suspect in the murder of Mustafa Amir, told his father about...
Leaders Condemn Jaffar Express Attack and Praise Security

Leaders Condemn Jaffar Express Attack and Praise Security

President Asif Ali Zardari and Prime Minister Shehbaz Sharif strongly condemned the terrorist attack on the Jaffar Express in Balochistan. They praised the security...
Yamal Becomes Youngest Player to Score and Assist in UCL

Yamal Becomes Youngest Player to Score and Assist in UCL

Lamine Yamal made history in the Champions League on Tuesday, becoming the youngest player to score and assist in a match. The 17-year-old played...
Jaffar Express Hijacked in Balochistan

Jaffar Express Hijacked in Balochistan: What Happened and What’s Next?

On March 11th 2025, 9 AM, Jaffar Express departed from Quetta to Peshawar carrying 450 passengers in total. At least 100 passengers out of...
Pakistan Ranked as the Third Most Polluted Country in the World

Pakistan Ranked as the Third Most Polluted Country in the World

Pakistan stood at the number three position, as listed in the 2024 World Air Quality Report by Swiss air technology firm IQAir. This is...
Security Forces in Action after Terrorists Hijack Train, Take Hostages

Security Forces in Action after Terrorists Hijack Train, Take Hostages

Heavily armed terrorists boarded a train to Peshawar in Balochistan, taking hundreds of passengers, including women and children, hostage. Security sources believe the attack...
Media Report in Mustafa Amir Murder Case Denied

Media Report in Mustafa Amir Murder Case Denied

The murder case of Mustafa Amir has taken a fresh turn. The report circulating on social media and other media platforms has been categorically...
SBP Approves Merger of Silk Bank with UBL

SBP Approves Merger of Silk Bank with UBL, Effective March 2025

The State Bank of Pakistan (SBP) has approved the merger of Silk Bank Limited (SBL) into United Bank Limited (UBL), starting from March 11,...
The government has assured the International Monetary Fund (IMF) that Pakistan International Airlines (PIA) will be sold by July. However, the fate of Roosevelt Hotel in New York remains undecided. The US government has prematurely terminated the $228 million lease agreement, which was supposed to last three years. This decision will result in a business loss of approximately $80 million. The IMF was informed that the Cabinet Committee on Privatisation (CCOP) will decide whether to sell the hotel or lease it under a joint agreement. Pakistan had leased the 1,025-room hotel to New York City’s Immigrant Housing Business in July 2023. The city government had been paying $210 per room for the third year, but now plans to end the agreement a year early. The CCOP previously expressed concerns that US immigration policies might affect the deal. Despite hiring financial advisors, including Jones Lang LaSalle Americas at a cost of Rs2.1 billion, the government has not finalized a privatisation plan. Read more: PIA Crash Survivor Shares Story of Resilience and Hope Regarding PIA, the Privatisation Ministry informed the IMF that the airline will be sold by July 2025. A previous privatisation attempt failed after a sole bidder offered only Rs10 billion against the Rs85 billion asking price. The government is currently assessing market interest before issuing an Expression of Interest (EOI) by the end of this month. Three bidders may participate, including two who previously withdrew due to tax and liability concerns. The IMF has agreed to relax those conditions, which may increase investor interest. The government also aims to privatise three power distribution companies—Faisalabad, Islamabad, and Gujranwala—by December. However, it has not yet decided whether to sell them together or separately. The UAE has expressed interest in acquiring First Women Bank Limited under a government-to-government agreement, with the deal expected by May. The government also plans to privatise Zarai Taraqiati Bank Limited (ZTBL) by November and sell the House Building Finance Company next month.

Pakistan Assures IMF of PIA Sale by July

The government has assured the International Monetary Fund (IMF) that Pakistan International Airlines (PIA) will be sold by July. However, the fate of Roosevelt...