Arif Habib Group to Fully Acquire PIA
Arif Habib-led consortium notifies intent to buy remaining 25% stake in PIA, aiming for full private ownership of the national carrier.
Arif Habib-led consortium notifies intent to buy remaining 25% stake in PIA, aiming for full private ownership of the national carrier.
Omoda and Jaecoo, Chery's dual-brand venture, surpasses 1 million global sales in just three years, setting a new industry record. Europe leads growth with 41.5% of sales.
Saudi EXIM Bank signed a reinsurance agreement with the US Export-Import Bank to support local enterprises with capital goods and production inputs, enhancing trade ties and supply chains.
Saudi Arabia's insurance sector is shifting from reactive coverage to prevention and resilience, driven by ESG principles, digital innovation, and AI, with market expected to exceed SR140 billion by 2030.
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RecommendedPakistan's inflation is expected to remain within 8-9 percent in April 2026 due to supply constraints from the Iran war, with key economic indicators staying stable.
ROX and JINGDONG Logistics partner in Jebel Ali to deliver spare parts within 24 hours in UAE and a week across MENA, boosting after-sales service.
Pakistan raises petrol by Rs6.51 and diesel by Rs19.39 per liter as Iran war disrupts global oil supplies. Government extends subsidies for transport.
President Trump approves the Bridger Pipeline Expansion, a 650-mile oil pipeline from Canada to the US, dubbed 'Keystone Light', over environmental objections.
Saudi Arabia's Qiwa platform surpasses 2 million registered firms as labour reforms raise contract compliance to 85%, with Vision 2030 driving digitalization.
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RecommendedOil prices fell on Friday after Iran proposed US negotiations, but Brent and WTI remain on track for weekly gains amid ongoing Strait of Hormuz tensions.
Saudi Arabia's POS transactions reached SR12.1 billion ($3.2 billion) in a week, driven by a 40.3% surge in hotel spending as Hajj pilgrims arrive.
Syria's oil imports from Russia have surged 75% this year, making Moscow its top supplier despite ties with the West, raising concerns over sanctions and economic vulnerability.
Pakistan's energy minister announced the end of planned power outages after LNG supplies arrived, resolving fuel shortages that caused intermittent blackouts in April.
Saudi officials promoted the Kingdom's burgeoning startup ecosystem at a high-profile event in Tokyo, highlighting Vision 2030 and opportunities for investors.
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RecommendedIraq has begun construction of a 700-km oil pipeline from Basra to Haditha with a capacity of 2.5 million barrels per day, aiming to diversify export routes amid regional tensions.
Russian prosecutors request court permission to seize assets of billionaire Vadim Moshkovich, founder of Rusagro, accused of embezzling 30 billion roubles.
The Saudi Food and Drug Authority finalizes its plan to ensure safe food, medicines, and medical devices for Hajj pilgrims, with extensive inspections and coordination.
The Saudi-backed Masam Project destroyed 4,076 landmines and war remnants in Abyan, Yemen, including shells, ammunition, and explosives, ensuring civilian safety.
Italian authorities evacuated about 3,500 people in Tuscany as a wildfire burned over 800 hectares near Lucca and Pisa, with aircraft and ground crews battling the blaze.
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RecommendedExperts emphasize that sports are crucial for students' mental and physical development, promoting teamwork, discipline, and overall well-being.
Karachi administration acts against 290 profiteers in two days, imposing fines of Rs 754,000 and sealing three shops. Auctions ensure official fruit and vegetable rates.
A grand operation against land grabbers has been launched in Bait Qaim Shah, aiming to recover state land and bring the culprits to justice. Authorities vow strict action.
Anti-corruption authorities arrested a revenue official in Dera Ghazi Khan for allegedly accepting a bribe of Rs 50,000. The suspect was caught red-handed during a sting operation.
Prime Minister Shehbaz Sharif has approved a one-month extension in subsidy for transport, providing relief to commuters amid rising fuel prices.
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RecommendedGold prices in Pakistan surged on Thursday, with per tola reaching Rs483,962 after a gain of Rs4,400, following international market trends.
Karachi's heat index soared to 44°C as a severe heatwave grips Sindh. Authorities urge caution, with temperatures expected to rise further.
Brent crude oil prices jumped to a four-year high as escalating tensions between the US and Iran raised fears of supply disruptions in the Middle East.
A 16-year-old student, Sanan Khan, drowned in accumulated rainwater in Mohmand's Haleemzai tehsil. Rescue 1122 recovered his body and urged caution during rains.
FIA Director emphasized the importance of awareness and prevention of white-collar crimes during a session, urging public vigilance and cooperation with authorities.
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RecommendedKarachi Commissioner orders strict action against profiteers; 154 vendors fined Rs383,000, two shops sealed in ongoing campaign.