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Articles for tag: 135bn, approval, approves, bid, Cabinet, CCOP, paves, PIA

December 31, 2025

News Desk

CCoP approves Rs 135bn PIA bid, paves way for Cabinet approval

A PIA plane is pictured in flight. — AFP/File CCoP approves Rs 135bn bid for 75% stake in PIA. Federal Cabinet to review Rs 135 billion PIA privatization deal. PIA’s new owner plans fleet expansion and aircraft overhaul. The Committee on Privatization (CCoP) has approved a Rs135 billion bid submitted by an AHC-led consortium to acquire a 75% stake in Pakistan International Airlines Corporation Limited (PIACL) and recommended that the proposal be submitted to the federal cabinet as part of the national carrier’s privatization process. The News reported on Wednesday. The decision was taken at a meeting presided over by

December 18, 2025

News Desk

In White House speech, Trump highlights wins amid falling approval ratings

US President Donald Trump delivers a speech at the White House. — Reuters Trump faces 2025 achievements amid low approval ratings. The poll shows only 33% approve of Trump’s handling of the economy. The speech may advance policies to follow in the coming year. In a rare afternoon speech from the White House, US President Donald Trump on Wednesday bragged about his achievements and blamed his Democratic predecessor for soaring consumer prices as his party prepares for tough midterm elections next year. “Eleven months ago, I inherited a mess and I’m fixing it,” Trump said in his inaugural address. The

December 15, 2025

News Desk

Binance, HTX NOC ‘not general approval’ says PVARA chief

Special Assistant to the Prime Minister on Binance and Crypto and Chairman of PVARA Bilal bin Saqib addresses a press conference in Islamabad on December 14, 2025. — Screengrab via Geo news 30–40 million Pakistanis are active digital users. The phased model reflects the major global financial centers. Timely decisions are required within the global financial system. Bilal bin Saqib, Special Assistant to the Prime Minister on Binance and Crypto and Chairman of the Pakistan Virtual Asset Regulatory Authority (PVARA), said that the No Objection Certificates (NOCs) issued to global cryptocurrency exchanges Binance and HTX were not a “blanket approval”

December 11, 2025

News Desk

Pakistan receives $1.2 billion tranche from IMF after Executive Board approval

A coin dealer can be seen counting $100 bills. — AFP/File SBP says it received $1.2 billion under extended IMF facility $200 million released to Pakistan to fight climate change: SBP It says the funds will be reflected in the SBP foreign exchange reserves for the week ending December 12. ISLAMABAD: Following the approval of the Executive Board of the International Monetary Fund (IMF), the global lender has transferred $1.2 billion to Pakistan under the Extended Fund Facility and the climate-focused Resilience and Sustainability Facility (RSF), State Bank of Pakistan (SBP) said in a statement on Thursday. The central bank

November 22, 2025

News Desk

Pakistan lifts ban on import and export of gold after Cabinet approval

Gold bars are stacked in the locker room of gold house Pro Aurum in Munich, Germany, January 10, 2025. — Reuters May 2025, the suspension of the 2013 precious metals order was lifted. Restored the 120-day export rights period of the assignment program. Digital passbooks are expressly permitted to precious metals dealers. The federal government has lifted a ban on gold imports and exports by restoring suspended rules governing trade in precious metals and issuing new amendments, the Commerce Department said in a statement on Thursday. The commerce ministry issued a notification on November 21 under the Imports and Exports

July 28, 2025

News Desk

Pakkay Dost ‘wins Sajal’s approval seal

Singer-singer Bilal Maqsood released a second volume of kindergartens from the baby puppet show Pakkay Dost on YouTube on Tuesday. The first volume came out in 2023 and the living graphics of the demonstration and the narrative narratives gathered wide recognition, promoting a love for Urdu and enriching the lives of countless young spectators. Actor Sajal Ali loves Maqsood’s work in social media, Penning, “Bilal Maqsood, you do a good job!” He appreciated Reignition by Urdu Language from youth, “Urdu is a beautiful language and it is time to stop running away from it.” The actor reminded us that it

July 26, 2025

News Desk

PM grants approval for the creation of modern, digital ecosystem in FBR

Prime Minister Shehbaz Sharif is chairing a meeting to review progress in FBR reforms in Islamabad, July 26 2025. – App The prime minister is revising progress in continuing reforms in the Revenue Council. It stresses the increase in the tax base, ending the informal economy. Finmin, ministers, senior FBR employees attend a meeting. Prime Minister Shehbaz Sharif approved on Saturday the formation of a modern and world -class digital ecosystem at the Federal Revenue Council (FBB), except for the guidance of internationally transformed experts. During a meeting to examine progress in ongoing reforms in the Revenue Council, the prime

July 9, 2025

News Desk

Four potential candidates receive Govt’s approval for PIA debt

This image released on February 9, 2023, shows the Pakistan International Airlines (PIA) aircraft parked in a shadow in the Nur Khan engineer in Islamabad. – x@pia Approved candidates include the lucky of lucky cement, others. The Arif Habib Corp investment company drives another consortium. Other candidates include Fauji Fertilizer Company, Airblue. ISLAMABAD: The federal government said on Tuesday that it had approved four parties, including business groups, to possibly submit a debt-ridden Pakistan International Airlines (PIA) share. The government is seeking to sell a 51-100% share of the National Airline to raise funds and reform state-owned businesses owned by

June 27, 2025

News Desk

PSX rebounds after budget approval

The Pakistan Stock Exchange (PSX) saw a positive performance on Friday, as the KSE-100 index won 1,581.77 points, or 1.3%, reaching the current index at 123,628.23 during intravenous trading. The index traded between 123,628.23 and low 122.222.69, showing a moderate fluctuation. The market is currently suspended for the NAMAZ break and will continue afterwards. Source: PSX The market saw a strong commercial activity with a total volume of 81,076,304 shares and a total value of RS9.001.266.999. The previous closure of the index was 122,046.46, reflecting a remarkable improvement, as the feeling of investors remained positive. The National Assembly approved on

May 14, 2025

News Desk

Trump’s approval rises to 44%as the fear of recession is convenient

US President Donald Trump depicted when taking the stage to address his supporters in his rally at the Palm Beach County Conference Center in West Palm Beach, Florida, USA, November 6, 2024 – Reuters Washington: President Donald Trump’s approval score has reached 44%, as fewer Americans are now worried about a possible recession and the handling of the economy. A new Reuters/Ipsos poll shows increasing support for how it handles the economy. The two-day poll showed that 44% of respondents approved the performance of the Republican leader, from 42% in a previous Reuters/Ipsos survey conducted on April 25-27. The poll

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