Pakistan’s Adviser on Privatisation, Muhammad Ali, clarified that Pakistan International Airlines (PIA) is not being sold at the price of just one or two aircraft, addressing misleading reports circulating in the media.

Pakistan International Airlines (PIA) has been privatized, with the Arif Habib Consortium acquiring a 75% stake for Rs135 billion. Between 2015 and 2024, the national carrier incurred cumulative losses of Rs500 billion, averaging Rs4.1 billion per month, highlighting longstanding operational and financial challenges.

Businessman Arif Habib has dismissed claims circulating on social media that Pakistan International Airlines (PIA) was sold at a throwaway price, clarifying that the national carrier effectively had zero book value at the time of the transaction.

Chinese goods imported for Gilgit-Baltistan through the Customs Dry Port Sost have been exempted from sales tax, income tax, and federal excise duty with immediate effect, according to a notification issued by the Federal Board of Revenue (FBR).

Pakistan’s textile sector has recorded a historic performance, with exports reaching an unprecedented $6.4 billion during the first four months of the current fiscal year, the highest trade volume ever achieved for this period. The strong showing reflects a combination of favourable global demand, improved market access, and a relatively stable Pakistani rupee, which has enhanced the

Pakistan is advancing plans to establish a dedicated bulk cargo terminal to support the export of copper and gold from the Reko Diq mining project in Balochistan. The specialized terminal is designed to streamline logistics, reduce transportation costs, and facilitate the efficient handling of large-scale mineral shipments. By creating this infrastructure, Pakistan aims to strengthen its export

Pakistan’s stock market is showing renewed momentum, with a strong rally and rising retail investor activity encouraging companies to return to the equity market, Bloomberg reports. Analysts suggest that 2026 could become a record year for initial public offerings (IPOs), though certain risks persist. Currently, the market trades at nearly eight times forward earnings, above its long-term

Pakistan’s seafood exports recorded steady growth during the first five months of fiscal year 2025–26, reaching $173.7 million, marking an increase of over 7% compared to the same period last year. Between July and November 2025, approximately 75,766 metric tons of fish and fish products were exported, reflecting strong demand in international markets.

The Arif Habib Consortium has officially acquired Pakistan International Airlines after winning the privatization bid with an offer of Rs135 billion, according to reports. The consortium secured a 75 percent stake in the national flag carrier, narrowly surpassing the Lucky Consortium, which submitted a final bid of Rs134 billion. Under the terms of the agreement, the government will receive

ISLAMABAD: Pakistan’s high corporate tax burden is emerging as a major obstacle to foreign direct investment, officials acknowledged during a two-day economic dialogue hosted by the Pakistan Business Council, where concerns were raised about the country’s ability to remain competitive in attracting global capital. The Special Investment Facilitation Council stated that elevated tax rates are