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Articles for tag: DRIVE, hails, IMF, landmark, Pakistans, PIA, privatization, reform

January 11, 2026

News Desk

IMF hails PIA privatization as ‘landmark’ in Pakistan’s reform drive

The representational image shows a PIA plane taking off. — PIA/Archive The IMF says the privatization is in line with the core EFF commitment of $7 billion. Arif Habib-led consortium buys 75% stake for Rs 135 billion. Losses of state-owned enterprises reached Rs 122.9 billion in FY2024-25, according to cabinet data. KARACHI: The International Monetary Fund (IMF) has welcomed the privatization of Pakistan International Airlines (PIA), describing the sale as a milestone in Pakistan’s effort to reduce state involvement in commercial sectors, The News he said, citing Arab News. In a statement provided to Arab News on Saturday, Mahir Binici,

January 5, 2026

News Desk

Pakistan’s stock market hits record high as KSE-100 jumps to 182,408

Market sentiment was boosted by new purchases and rising hopes of a rate cut in the upcoming announcement On a monthly basis, the KSE-100 rallied 6.62%, extending its daily gains to a strong 29.09%, while its year-to-date performance stands at 18.30%. PHOTO: FILE The Pakistan Stock Exchange (PSX) was a strong performer today as the benchmark index soared to a new all-time high to close at a record high of 182,408 points, holding steady above the 182,000 mark. Investor confidence remained strong throughout the session, resolutely maintaining the upward momentum. During the day, the index touched an intraday high of

December 30, 2025

News Desk

The search for Pakistan’s next singing sensation is back

Iconic music platform, ‘Pakistan Idol’ celebrates fresh talent, mentorship and musical dreams After a gap of eleven years Pakistani idol returned to television, positioning itself as a platform for undiscovered talent from across the country and a test of whether a reality show in Pakistan can deliver on merit. The second season brings together contestants from cities like Sukkur, Multan and Karachi, many of whom are taking to the national stage for the first time. For them, the show represents a rare opportunity to be judged alongside peers rather than connections. The original Pakistani idol aired in 2013 as part

December 26, 2025

News Desk

Pakistan’s mixed sports journey in 2025

2025 proved to be a roller-coaster year for Pakistan sports, with periods of celebration alongside disappointing moments. In cricket, Pakistan recorded several notable achievements in select formats, but inconsistent performances in major tournaments have prevented sustained success at the highest level. Hockey provided a rare positive headline as Pakistan qualified for the Pro Hockey League after several years, following New Zealand’s decision to withdraw from the competition. In athletics, javelin thrower Arshad Nadeem failed to live up to expectations at the World Athletics Championships but bounced back by winning gold medals at the Islamic Solidarity Games and the National Games.

December 24, 2025

News Desk

IAEA commends Pakistan’s efforts to fight cancer through PAEC

IAEA Director General Rafael Mariano Grossi speaks during a video statement. — X@ForeignOfficePk Raphael Grossi says more than 100,000 people die of cancer in Pakistan. Cancer deaths are expected to increase by 75% by 2050, the IAEA chief warns. It adds that more than 10 million die from cancer every year worldwide. The International Atomic Energy Agency (IAEA) has commended Pakistan for its effort to fight cancer by providing medical facilities through the Pakistan Atomic Energy Commission (PAEC), the Foreign Office said on Wednesday. In a video statement, IAEA director-general Rafael Mariano Grossi said more than 100,000 people die of

December 22, 2025

News Desk

Pakistan’s young guns are shining

The Pakistan team celebrates their victory in the U19 Asia Cup final. Photo: ACC KARACHI: Deepesh Devendran went for a powerful shot, the ball hanging in the Dubai air for a brief, dramatic moment before Ahmed Hussain settled under it and completed the catch. With this simple act, Pakistan were crowned champions of the Under-19 Asia Cup. It wasn’t just a victory. it was a statement. Beating India by 191 runs in a final is no ordinary feat – it’s the kind of result that reverberates for years. What made the triumph even more impressive was the context. Just a

December 22, 2025

News Desk

The growing trade deficit exposes Pakistan’s structural weaknesses

Trade between the two nations has declined from $11.2 million in 2022-23 to $5.18 million in 2024-25. Leghari stressed the need to reverse this trend.. photo: file KARACHI: The debate on the economic structure and its implications for the balance of payments crisis has become increasingly widespread as imports begin to rise, subsequently leading to a higher trade deficit. Policy makers often start to panic as calls are made to limit imports. Several key studies on the subject have pointed to low productivity, the inability to accumulate knowledge and build the necessary human capital, and most importantly, the failure to

December 21, 2025

News Desk

Pakistan’s winning moment as Green Jerseys clinch U19 Asia Cup title

This photo collage shows Pakistan players and support staff celebrating after winning the U19 Asia Cup final against India at the ICC Academy, Dubai, December 21, 2025. — Facebook@Asian Cricket Council Scenes of jubilation erupted at the ICC Academy in Dubai as Pakistan beat India in the final of the Men’s U19 Asia Cup on Sunday. The Green Shirts sealed a commanding 191-run win in the final after bowling out their arch-rivals for 156 runs. As Ali Raza dismissed Deepesh Devendran, India’s last batsman to fall, jubilant Pakistani players and support staff stormed the field, waving national flags. Among the

December 21, 2025

News Desk

World Bank approves $700 million for Pakistan’s economic stability

A World Bank building. — Reuters/ Archive Pakistan will receive $700 million from the World Bank under a multi-year program. Funding was approved under the PRID-MPA initiative: World Bank. $600 million approved for Centre, $100 million for Sindh: World Bank. The World Bank said it has approved $700 million in financing for Pakistan as part of a multi-year initiative aimed at supporting the country’s macroeconomic stability and service delivery. The funds will be released under the Public Resources Programmatic Approach for Inclusive Development-Multiphase Development (PRID-MPA), which could provide up to $1.35 billion in total funding, the lender said. Of this

December 20, 2025

News Desk

“The Next Salahuddin”, Pakistan’s first full-length AI-generated feature film

“AI-based filmmaking offers a cost-effective and safer alternative to traditional production methods,” says the director A script from The Next Salahuddin trailer. Source: x.com/HaideryMuhammed KARACHI: Pakistan’s film industry has marked a new milestone with the premiere of The Next Salahuddin, the country’s first feature film created entirely using AI. The film premiered on Friday night at the Nueplex Cinema in Karachi, where media professionals, cultural figures and guests gathered to witness what was described as a “bold step into the future of filmmaking”. The project is seen as an attempt to blend advanced technology with a socially conscious narrative. Reading:

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