Pakistan moves closer to PIA privatization with inaugural holding company meeting

Members of ground staff stand on the tarmac beside a Pakistan International Airlines (PIA) aircraft at the airport in Kabul, Afghanistan on September 13, 2021. (AFP/File)
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Updated 27 March 2024
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Pakistan moves closer to PIA privatization with inaugural holding company meeting

  • PIA Holding Company was formed to expedite the airline’s privatization by managing its liabilities and assisting with its transfer
  • The company’s board deliberated on strategic facets of the business to lay down groundwork for its efficient functioning

KARACHI: The government took yet another step toward the privatization of Pakistan International Airlines (PIA), as the newly established PIA Holding Company convened its first board meeting in Islamabad on Wednesday, initiating its operations.

The entity was formed following the approval of PIA’s restructuring plan last July by its board of directors, with an aim to expedite the national carrier’s privatization by managing the airline’s liabilities and assisting in its transfer to potential investors.

PIA’s privatization also aligns with the government’s commitment to structural economic reforms under the International Monetary Fund’s financial assistance programs.

“The board in its first meeting held on March 27, 2024, endorsed the Scheme of Arrangement delineating the pathway for the privatization of Pakistan International Airlines,” said an official statement circulated after the holding company’s inaugural board meeting. “This comprehensive scheme, already receiving the stamp of approval from both the Federal Cabinet and the [Pakistan International Airlines Corporation Limited] PIACL Board, sets the stage for the next chapter of the national carrier.”

“Additionally,” it continued, “the board meticulously deliberated on various strategic facets of the business, thereby laying down the groundwork for the efficient functioning of the holding company.”

Only a day earlier, the federal cabinet approved the board of PIA Holding Company, with former central bank governor, Tariq Bajwa, appointed as its chairman.

PIA has faced multiple financial challenges over the years, seeking financial bailouts from successive government.

With a struggling national economy, Pakistan has started working toward its privatization.

The decision is also expected to improve the service provided by the airlines to its customers.
 


Pakistani classical singer Mai Dhai featured on iconic Times Square billboard

Updated 36 sec ago
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Pakistani classical singer Mai Dhai featured on iconic Times Square billboard

  • Times Square in New York is recognized as one of the world’s most heavily trafficked places
  • Dhai, who hails from Pakistan’s Sindh province, has a string of hits to her name such as “Kaid Ao Ni”

ISLAMABAD: Pakistani classical singer Mai Dhai was recently featured on the iconic Times Square billboard in New York city, making her the latest celebrity from the country to be advertised at the prestigious location. 

Times Square, situated at the heart of New York City, is renowned for its iconic digital billboards and advertisements which showcase images of celebrities and a wide array of prominent brands. It is recognized as one of the most heavily trafficked places in the world. 

Dhai, a septuagenarian singer who hails from Pakistan’s southern Tharparkar district famous for its desert landscape and cultural diversity, belongs to the Manganhar Muslim community. The Manganhars are a famous community of singers that reside in the Tharparkar district in Pakistan and Rajasthan state in India, both areas connected via the shared border between the two countries. 

“A voice like that of the cuckoo reaches Times Square directly,” Spotify Pakistan posted on Instagram on Saturday, sharing a picture of Dhai at a vertical billboard on Times Square. “Listen to Mai Dhai on the #EQUALPAKISTAN playlist.”

The Equal Pakistan initiative by Spotify aims to promote both established and aspiring female artists, recognizing their talent and contributions to the music industry in the country. 

Dhai garnered critical acclaim after performing in a string of popular Pakistani musical festivals. However, she shot to fame across Pakistan in 2016 after debuting in Coke Studio’s season 8 with her two songs, “Aankhaṛli Phaṛookai” and “Kadi Ao Ni with artists Karam Abbas Khan and Atif Aslam garnering critical acclaim. 

In October 2023, Pakistani musician-singer Talal Qureshi was also featured on a Spotify billboard at Times Square, when the music platform and streaming app promoted Qureshi’s 2023 album “Turbo” on the billboard. 

Qureshi, celebrated for his seamless fusion of traditional Pakistani music with modern electronic sounds, is known for popular hits such as “Peechay Hut,” “Hico,” “Faltu Pyar” and “Paisa.”


Supreme Court resumes hearing denial of reserved seats petitions filed by ex-PM Khan-backed party

Updated 24 June 2024
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Supreme Court resumes hearing denial of reserved seats petitions filed by ex-PM Khan-backed party

  • Pakistan’s election regulator denied these seats for women and minorities to Sunni Ittehad Council after Feb. polls
  • The outcome of the case may impact National Assembly’s composition, influencing how the government functions

ISLAMABAD: Pakistan’s top court is scheduled to take up a significant political case today, Monday, involving petitions that challenge the denial of reserved seats in parliament to the Sunni Ittehad Council (SIC), a party backed by the country’s jailed former prime minister Imran Khan.

These seats for women and minorities in Pakistan’s national and provincial legislatures, constitutionally reserved for greater political inclusion, are allocated to various political factions on a proportional basis after considering the number of general seats won by them during elections.

Leaders from Khan’s Pakistan Tehreek-e-Insaf (PTI) were compelled to contest the national polls in February as independent candidates after being deprived of their party symbol, the cricket bat, by the Supreme Court of Pakistan due to internal elections deemed flawed.

The PTI-backed independent candidates won the maximum number of seats, emerging as the single largest bloc in the National Assembly, but chose to join the SIC in the absence of their original party identity.

However, the Election Commission of Pakistan (ECP) decided not to allocate the reserved seats to them on technical grounds, instead distributing the SIC’s share among other parties.

“All of these returned candidates were PTI candidates forced by cascading series of errors of law by the ECP to take on the garb of independents,” Justice Munib Akhtar, one of the 13 members of the Supreme Court bench hearing the case, remarked during the last proceeding on June 4.

The Pakistani top court suspended the Peshawar High Court’s verdict in the case last month that followed the ECP decision and upheld it.

The outcome of the case can be politically significant since it may impact the National Assembly’s composition, influencing how legislations are passed and the government functions.

Khan’s party says it is hopeful of winning 78 reserved seats in parliament given to the rival parties after the elections.


PM Sharif’s administration prioritizes security for local and foreign nationals, announces special security unit

Updated 23 June 2024
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PM Sharif’s administration prioritizes security for local and foreign nationals, announces special security unit

  • The prime minister asks the relevant authorities to ‘consult Chinese experts’ for the unit’s formation in Islamabad
  • Shehbaz Sharif orders the construction of a forensic lab in the capital that is in keeping with modern requirements

ISLAMABAD: Prime Minister Shehbaz Sharif said on Sunday protecting Pakistani citizens and foreign nationals residing in the country was a major priority for his administration, as he announced the formation of a special unit for the purpose in the federal capital, to be developed in consultation with Chinese experts.
Top Pakistani officials have held high-profile meetings in recent weeks to underscore their intent to address the challenge of militant violence, which has jeopardized the government’s plan to invite foreign companies and put the national economy back on track.
A day earlier, the prime minister announced plans to prepare a comprehensive response to the issue, warning that a “soft state” could not strengthen its economy as it struggles to gain investor confidence.
He revisited the issue while chairing a meeting in Islamabad to review the progress of ongoing security and public order projects.
“The protection of Pakistani citizens and foreigners residing in Pakistan is among the top priorities of the state,” he was quoted as saying by a statement issued by his office. “Any negligence in maintaining public order and protecting citizens will not be tolerated.”
The prime minister was briefed about the current law and order situation in the federal capital along with the Islamabad Model Jail, Safe City Project, Federal Anti-Terrorism Department, and Special Protection Unit.
The statement informed that Sharif asked the authorities to “consult with Chinese experts” for the formation of the unit.
The meeting also briefed about the National Facilitation Centers in Islamabad and the K-9 units established for the detection and tracing of drugs and explosives.
The prime minister directed the construction of a forensic lab in keeping with the modern requirements and asked the authorities to recruit the personnel on merit for all security projects in Islamabad.
The meeting was also attended by Federal Minister for Interior Mohsin Naqvi, Deputy Chairman Planning Jahangir Khan, Federal Secretaries, and senior officials from the relevant departments.


National Assembly passes resolution against mob lynchings in Pakistan, demands citizen safety

Updated 24 June 2024
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National Assembly passes resolution against mob lynchings in Pakistan, demands citizen safety

  • The development follows the killing of a local tourist in Swat on the accusation of desecrating the Holy Qur’an
  • Pakistani lawmakers say violent acts committed in the name of religion have become a norm in the country

ISLAMABAD: The National Assembly of Pakistan passed a resolution on Sunday condemning recent mob lynching incidents in Punjab and Khyber Pakhtunkhwa (KP) provinces, while urging relevant authorities to ensure the safety of all citizens, including religious minorities, and bring perpetrators of such violence to justice.
The development follows the recent torture and killing of a local tourist in the picturesque Swat valley of KP, accused of desecrating the Holy Qur’an, whose body was then set alight by a furious mob.
During Saturday’s parliamentary debate, Federal Minister for Planning and Development Ahsan Iqbal emphasized this was not an isolated incident, but part of a troubling series of violent acts committed in the name of religion.
Earlier today, Pakistan’s Defense Minister Khawaja Muhammad Asif echoed the concern, urging the National Assembly to adopt a clear stance on the issue.
“The House believes that right to life is the most cherished right as enshrined in the Constitution of Pakistan,” the resolution presented by Law Minister Azam Nazeer Tarar said. “Every person is to be dealt with in accordance with the law and not otherwise.”
“This House takes serious notice of the recent mob lynchings of our citizens accused of offenses in Swat and Sargodha,” it continued. “It is noted with grave concern that such incidents have recently increased in different parts of the country. The House strongly condemns these horrific and tragic incidents which cannot be tolerated in any civilized society.”
The resolution urged the federal and provincial governments to ensure “the safety and security of all our citizens, including religious minorities and other vulnerable segments of society.”
Referring to another incident where a Christian man was targeted by his enraged neighbors in Punjab’s Sargodha district over blasphemy allegation, the resolution asked Punjab and KP administrations to “take all necessary measures to ensure that persons involved in these incidents are identified, investigated and prosecuted under the relevant laws.”
“The House also expects that the courts shall ensure immediate and speedy justice in these cases,” it added.
The KP police have formed a joint investigation team to investigate the Swat incident and arrest all involved individuals using CCTV footage.
Mob lynchings are not uncommon in Pakistan where even a mere accusation of blasphemy can lead to violence.
In case of Swat, mob members killed the tourist after storming the police station where he was detained, pulling him out and taking him away.


‘Positive’ progress in talks between Pakistani parties as government seeks budget’s parliamentary approval

Updated 23 June 2024
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‘Positive’ progress in talks between Pakistani parties as government seeks budget’s parliamentary approval

  • PPP says its recommendations relating to the budget are based on its manifesto that centers on public welfare
  • The party has taken up issues related to development funds and administrative positions with the ruling PML-N

ISLAMABAD: The Pakistan Peoples Party (PPP) said on Sunday the latest round of negotiations with the ruling Pakistan Muslim League-Nawaz (PML-N) party continued in a “positive way” after the PPP expressed reservations about a range of issues following the presentation of the federal budget earlier this month.
The PPP decided to support the PML-N’s efforts to form a coalition government soon after the last general elections in February, though its top leadership announced it was not interested in becoming part of the federal cabinet or getting ministerial posts.
Prime Minister Shehbaz Sharif invited PPP chairman Bilawal Bhutto-Zardari last week to discuss his reservations over the government’s economic and political policies amid efforts to secure a smooth passage for the budget from parliament.
The two leaders agreed to form negotiating teams to discuss all outstanding issues that mostly related to development funds and administrative positions in the country’s most populous Punjab province.
“Different matters were discussed between the two sides, and the talks continued to move forward in a very positive way,” PPP Secretary General in Central Punjab Syed Hassan Murtaza, who is part of his party’s negotiating team, told Arab News after the latest round of talks with the PML-N in Islamabad earlier today.
“We have given all our recommendations regarding the budget, good governance, appointments and transfers [of bureaucracy], funds for ongoing development schemes in Sindh and other areas,” he continued. “We have also urged to release funds for the schemes suggested by the PPP members.”
Murtaza maintained the PPP’s stance and recommendations relating to the federal budget were based on its manifesto that centered on public welfare.
He said the party had also informed the PML-N that PPP leaders must be consulted if the government wanted to make changes to the local government legislation in Punjab.
According to some reports, it was also discussed during the negotiations that an additional secretary be appointed at the chief minister’s secretariat in Punjab, with the sole responsibility of resolving the issues faced by the PPP.
The PPP also wanted a say in the Punjab administration’s decisions to appoint deputy commissioners, district police officers and revenue functionaries in districts where the party boasts active support.
“Now, we will inform our leadership, and the PML-N delegation will consult their leadership on [these issues] before another round of talks is held to move forward,” Murtaza said. “The final decisions will be taken as per the direction of the party leadership.”