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Articles for tag: aircraft, Arif, billion, expand, fleet, Habib, joint, PIAs, plans, takeover, venture

December 25, 2025

News Desk

Arif Habib joint venture plans to expand PIA’s fleet to 64 aircraft after Rs 135 billion takeover

A Pakistan International Airlines (PIA) plane prepares to take off at the Alama Iqbal International Airport in Lahore. — Reuters/File Habib confirms that Fauji Fertilizer has also joined the joint venture. Adding the remaining 25% stake will bring Rs 45 billion to the fund. The government expects to have an airline operating under a new owner by April 2026. Arif Habib, founder of one of Pakistan’s leading business conglomerates, said on Wednesday his joint venture plans to expand the fleet of Pakistan International Airlines (PIA) to 64 aircraft in phases after acquiring a majority stake under the government’s privatization process.

December 10, 2025

News Desk

IMF urges Pakistan to maintain tight monetary policy and expand tax regime

This picture shows the seal for the International Monetary Fund (IMF) in Washington, DC on January 26, 2022. — AFP— AFP Efforts should be focused on improving the business environment: formal. Nigel Clarke says the reforms have helped macroeconomic stability. Advises SBP to allow exchange rate flexibility to absorb shocks. ISLAMABAD: After approving two tranches of a loan totaling $1.29 billion, the International Monetary Fund (IMF) has urged Pakistan to continue a tight monetary policy, expand and simplify its tax regime, adjust electricity and gas tariffs and continue structural reforms to fix the troubled economy. The News reported on Wednesday.

December 5, 2025

News Desk

Putin, Modi agree to expand and expand India-Russia trade, strengthen friendship

Indian Prime Minister Narendra Modi welcomes Russian President Vladimir Putin at the Prime Minister’s Office, Lok Kalyan Marg, New Delhi, India on December 5, 2025. — X/ @narendramodi Putin pledges uninterrupted fuel supplies, nuclear cooperation. Russia and India adopt economic cooperation plan until 2030. Modi emphasizes lasting trust and long-term cooperation. Russian President Vladimir Putin and Indian Prime Minister Narendra Modi agreed on Friday to expand and diversify trade beyond oil and defense despite Western pressure on New Delhi to scale back decades of close ties with Moscow. India, the world’s biggest buyer of Russian arms and marine oil, rolled

December 4, 2025

News Desk

Riyadh cuts 2026 deficit forecast to $44bn amid pressure to expand non-oil revenue

This handout photo provided by the Royal Palace of Saudi Arabia shows Saudi Crown Prince Mohammed bin Salman signing the state budget during a cabinet meeting in the capital Riyadh on December 7, 2022. — AFP 2026 budget projects deficit of 165 billion riyals. Saudi Arabia halfway through its Vision 2030 strategy. The next phase of the Vision 2030 plan will emphasize implementation. Saudi Arabia approved its 2026 state budget on Tuesday, forecasting a narrower fiscal deficit as it shifts spending to priority sectors such as industry and logistics in a push to boost non-oil revenue. The kingdom projected a

November 20, 2025

News Desk

Pakistan will introduce policy to expand financing, support of women’s businesses

The framework sets targets for women’s employment, exports, finance and access to business support services Islamabad: Pakistan is set to launch its first National Women’s Entrepreneurship Policy aimed at promoting women’s financial inclusion through dedicated funding for women-specific initiatives. The policy also seeks to expand existing federal and provincial schemes, encourage financial institutions to introduce women-friendly products and implement the State Bank’s Equality Banking Policy along with the SECP’s Women’s Equality in Finance Policy. Key policy outcomes include pilot interventions under the National WEP. The policy aims to increase the employment of women by 5%, from the current 2% and

November 20, 2025

News Desk

Pakistan plans artificial island to expand oil exploration: report

Drone view of a pump jack and drilling rig south of Midland, Texas, United States. — Reuters/File A PPL official says the project is inspired by Abu Dhabi’s drilling. The company plans to complete construction of the island in February. PPL plans to drill up to 25 wells on the island. Pakistan plans to build an artificial island off the coast of Sindh to boost its oil exploration work as the country seeks to maximize the use of its natural resources. Islamabad has stepped up its drilling efforts after US President Donald Trump expressed interest in the country’s oil reserves

October 24, 2025

News Desk

US to expand facial recognition at border to track non-citizens

New rule allows US border agents to photograph non-citizens at all points of entry and exit across the country Travelers go through a Transportation Security Administration (TSA) security check at Hollywood Burbank Airport during the first day of a partial US government shutdown in Burbank, California, U.S., October 1, 2025. PHOTO: REUTERS The United States will expand the use of facial recognition technology to track non-citizens entering and leaving the country in an effort to combat overstaying and passport fraud, according to a government document released Friday. A new regulation would allow US border officials to require non-citizens to be

October 13, 2025

News Desk

The oldest president of the world seeks to expand the rule as Cameroon holds elections

Cameroon began voting on Sunday in a presidential election, where the established Paul Biya, the world’s oldest ruler in 92, is widely expected to extend his 43 -year -old handle to power despite active opposition to change. His opponents include former government spokesman Issa Tchiroma, 76, who has galvanized large crowds that requires ending Biya’s long term and approvals by a platform for some opposition parties and political groups. However, analysts say that Biya, in power since 1982, is likely to be re -elected, given the steady control of state machinery and the fragmented nature of a field of opposition

September 22, 2025

News Desk

FBR has been set to ‘expand repression’ to tax decisters in KP, Sindh

A policeman walks beyond the Federal Revenue Council Office Building (FBR) in Islamabad – Reuters/File Jewelers in many cities that issue announcements against unpaid taxes. FBR RAIDS real estate company in Islamabad as part of repression. A significant number of jewelry fails to submit tax returns. ISLAMABAD: The Federal Revenue Council (FBR) is expected to extend the suppression of tax avoidance to Khyber Pakhtunkhwa and Sindh, according to sources encouraging the matter on Monday. The Board of Directors has issued alerts to jewelers that have not been registered or have not paid inadequate taxes, sources in FBB, they said. Jewelers

May 14, 2025

News Desk

Prime Minister Shehbaz runs measures to expand the tax network

Prime Minister Shehbaz Sharif (left) chairs a review meeting on the widening of the tax base and increasing tax revenue in Islamabad on 13 May 2025. – App Islamabad: Prime Minister Shehbaz Sharif called for the third measures to expand the tax network, directing the competent authorities to take strict actions against individuals and sectors involved in tax evasion. Chairing a review meeting on the expansion of the tax base and increasing tax revenue, Prime Minister Shehbaz said that individuals and areas that can pay taxes must enter the tax net. He also ordered the strict accountability of officers and

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