Monday, June 29th, 2026
Pakistan marks historic milestone with PIA privatisation success
First Financial Closing Completed, Management Control Transferred to Investor Consortium. ISLAMABAD, JUN 29 /DNA/ – In a landmark development for Pakistan’s economic reform agenda, the government has successfully completed the First Financial Closing of the Pakistan International Airlines (PIA) privatisation transaction, officially transferring management control to a private investor consortium. Prime Minister Shehbaz Sharif hailed the achievement as a transformative step for the national carrier, stating that the revival of PIA is now firmly underway with a substantial investment commitment aimed at modernising the airline’s operations and infrastructure. “This is anotherRead More
Beijing Institute signs MoU with Punjab Uni
ISLAMABAD, 29 JUN (DNA) — A high-level delegation from the University of the Punjab (UoP) has signed a memorandum of understanding (MoU) with the Beijing Institute of Business and Technology to strengthen academic, research and economic cooperation between the two institutions. According to a Gwadar Pro’s report on Monday, the delegation was led by UoP Vice Chancellor Prof. Dr. Muhammad Ali and included Dean of the Faculty of Arts and Humanities Prof. Dr. Mehboob Hussain, Dean of the Faculty of Information Technology Prof. Dr. Shehzad Sarwar, and other senior universityRead More
IHC disposes of contempt case against Adiala Jail Superintendent
ISLAMABAD, Jun 29: The Islamabad High Court (IHC) on Monday disposed of contempt of court petitions filed against the Adiala Jail superintendent over the alleged non-provision of signed vakalatnamas (powers of attorney) to PTI founder and his wife, Bushra Bibi, declaring the matter infructuous after the documents were made available. A division bench comprising Chief Justice Sardar Muhammad Sarfraz Dogar and Justice Muhammad Asif directed the parties to proceed with final arguments in the appeals against the convictions in the £190 million case. However, on the request of the defence,Read More
PM directs early finalization of National Agriculture Policy; formation of apex forum
ISLAMABAD, June 29: Prime Minister Muhammad Shehbaz Sharif, Monday, directed the early formulation of a comprehensive National Agriculture Policy in consultation with the provinces. He also asked for the establishment of an ‘Agriculture Apex Forum’, which would hold monthly meetings to ensure the effective implementation of the agriculture innovation and growth plan. The prime minister chaired a high-level review meeting on the transformation of the Ministry of National Food Security and Research and reforms in the agriculture sector, PM Office Media Wing said in a press release. The meeting wasRead More
Three-day voting begins June 30 for Algerian citizens residing in Pakistan
ISLAMABAD, JUN 29 /DNA/ – The Embassy of Algeria in Islamabad has announced that parliamentary elections for Algerian citizens residing in Pakistan will take place over three days, from June 30 to July 2, 2026. Polling will be held at the embassy premises, located at House 107, St. 9, Sector E-7, Islamabad, with voting open daily from 8:00 a.m. to 8:00 p.m.. In an official statement, the embassy’s Consular Section urged all members of the Algerian community in Pakistan to actively participate in the electoral process and fulfill their national duty by castingRead More
PIA Privatisation: First closing completed with Rs90 billion
Government achieves First Financial Closing of PIACL Privatisation Transaction with Management control transferred to the investor consortium following satisfaction of all conditions precedent under the Share Purchase and Subscription Agreement ISLAMABAD, JUN 29 /DNA/ – The Privatisation Commission of Pakistan today achieved the First Closing of the divestment of Pakistan International Airlines Corporation Limited (PIACL) through privatisation, transferring management control of the airline to the investor consortium led by Arif Habib Corporation Limited, following satisfaction of all conditions precedent under the Share Purchase and Subscription Agreement (SPSA). The successful completionRead More