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Articles for tag: Arif, bid, billion, consortium, Habibled, highest

December 23, 2025

News Desk

The Arif Habib-led consortium makes the highest bid of Rs 121 billion

Three bids received for national carrier in televised auction. The auction follows last year’s failed attempt due to low bidding. PIA’s prospects improve with debt relief, bans lifted. The consortium led by Arif Habib Corporation Limited submitted the highest bid of Rs 121 billion, followed by the consortium of Lucky Cement Limited with Rs 120.25 billion in the second round of bidding process for Pakistan International Airlines (PIA). An official of the Privatization Commission opened the bids in the country’s second televised attempt to privatize the national airliner. Speaking ahead of the open auction, Privatization Commission chairman Muhammad Ali said

December 10, 2025

News Desk

RSF says Israel has killed the highest number of journalists again this year

Demonstrators hold placards of murdered Gazan journalists Hossam Shbat and Anas al-Sharif, in support of Palestinians during a World Solidarity Day march in Dublin, Ireland. — Reuters Reporters Without Borders has said Israel is responsible for almost half of the journalists killed worldwide this year, with 29 Palestinian journalists killed by its forces in Gaza. In its annual report, the Paris-based media freedom group said the total number of journalists killed worldwide reached 67 this year, up from 66 in 2024. Israeli forces accounted for 43 percent of the total, making them “journalists’ worst enemy,” RSF said in its report,

November 4, 2025

News Desk

Pakistan inflation rises to 6.2% in October, highest in 12 months

A shopkeeper at a shop in this undated picture. — Reuters/File The CPI rose 6.2% in October, up from 5.6% a month earlier. Tomato prices jump 127%, sugar 34.8%, wheat 22.6%. Inflation for restaurants and hotels is stable at 6.1%. Inflation surged to its highest level in a year in October, fueled by sharp increases in food prices after floods and border disruptions disrupted supply chains. Renewed price pressures have raised concerns about challenges facing the central bank’s cautious approach to monetary policy. Headline inflation as measured by the consumer price index (CPI) rose 6.2% in October 2025 from a

October 29, 2025

News Desk

OGDCL announces highest first quarter dividend

The board of Oil & Gas Development Company Limited has declared a first interim dividend of Rs 3.50 per share — the highest first quarter dividend in the company’s history. The announcement was made during a board meeting, which also approved financial results for the quarter ended September 30, 2025. OGDCL posted net sales revenue of Rs 96.192 billion and profit after tax of Rs 38.305 billion, translating into earnings per share (EPS) of Rs 8.91. During the period, the company contributed Rs64 billion to the national exchequer through corporate taxes and government levies, while oil and gas production contributed

October 14, 2025

News Desk

PSX RECORDS 2nd highest one -day profit, increases 4.44%

The Pakistan’s Stock Exchange (PSX) recorded a historic rally on Tuesday, with the KSE-100 index jumping 7,032.60 points or 4.44%, marking the second highest one-day profit in its history. The index closed on 165,476.02, covering a session dominated by aggressive market and a sharp reversal of emotion. This dramatic increase follows a day of heavy sale, stressing how quickly the investor feeling has shifted. Investors’ confidence also went up to the back of the relaxation of geopolitical tensions, a calmer political environment and a basic development on the financial front after news that Finance Minister Muhammad Aurangzeb met with Jihad

August 8, 2025

News Desk

Trump’s highest invoices kick around the world

WASHINGTON: US President Donald Trump’s highest invoices for imports from dozens of countries have begun on Thursday, increasing the average US introductory duty for the highest in a century and leaving large trade partners such as Switzerland, Brazil and India that are rushing. The US Customs and Border Protection Agency began collecting the highest invoices from 10% to 50% at 12:01 AM. EDT (0401 GMT) after weeks of anxiety about Trump’s final invoices and frantic negotiations with countries seeking to reduce. Brazilian and India leaders vowed not to taste the position of Trump’s hard negotiation, even when their negotiators demanded

August 7, 2025

News Desk

The highest duty rates of Trump hit goods from major US trade partners

US President Donald Trump holds a signed executive order in invoices at the Rose Garden in White House in Washington on April 2 2025. – Reuters Higher invoices may affect global supply chains and inflation. Several major commercial partners ensure reduced tariffs. Invoices increase US federal revenue, most sectoral duties. President Donald Trump’s highest pricing rates from 10% to 50% in dozens of commercial partners began on Thursday, testing his strategy for shrinking US trade deficiencies without huge disorders in global supply chains, higher inflation. The American Customs and the Border Protection Service began collecting the highest invoices at 12:01

July 25, 2025

News Desk

Joe Root becomes second highest scorer in test history

With a single behind Point Joe Root he climbed over Ricky Ponting to become the second highest scorer in test history, stressing his status as a giant of the sport. The former Captain of England exceeded 13,378 Ponting routes when he arrived at 120 in the fourth test against India in Old Trafford on Friday. Earlier on the day he had slipped beyond Rahul Dravid of India and Jacques Kallis of South Africa and there is now only one man over him – Sachin Tendulkar. The Grand Indian retired in 2013 with 15,921 testing tests in his name, but few

July 8, 2025

News Desk

Wiaan Mulder scores 367, fifth highest score in Historic Test Cricket

South African’s Captain, Wiaan Mulder, produced one of the biggest entries in the history of Cricket Test on July 7, marking an undefeated 367 against Zimbabwe in Bulawayo before declaring his team’s recordings with the record. Mulder, 27, drove an exhausted side of South Africa to the second test at the Queens Sports Club and hit 49 four and four six in a 334 ballet blisters that ended when he called his strokes at lunch on the second day. At that point, South Africa was at 626-5 and Mulder was just 33 shy runs from the Brian Lara 400 record

June 25, 2025

News Desk

Ten highest Run-Chases winner in test history

Joe Root of England and Jamie Smith celebrate by winning the first test between England against India at Headingley Cricket Ground, Leeds, Britain on June 24 2025. – Reuters England completed the tenth highest quarter-innings run chase in test history with a 371 pursuit that sealed a five wicket win over India in headingley on Tuesday. Below, AFP Sport examines the biggest goals expelled in 148 years of test cricket: 418 – West Indies V Australia, Agios Ioannis, 2003 After both teams made 240 in their first appearances, Australia made 417 in their second appearances and would expect an attack

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