Pakistan’s privatization minister says no objection to provinces acquiring national airline

The picture taken on October 11, 2023, shows people boarding a Pakistan International Airlines (PIA) plane at Gilgit Airport in Pakistan's northern Gilgit-Baltistan region. (AN photo by Fatimah Amjad)
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Updated 04 November 2024
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Pakistan’s privatization minister says no objection to provinces acquiring national airline

  • Punjab, KP governments have expressed willingness to acquire stakes in national airline 
  • Islamabad last week kickstarted PIA’s privatization process, receiving a low bid of $36 million for it

KARACHI: Privatization Minister Abdul Aleem Khan has said that the center would welcome bids from Pakistan’s Punjab and Khyber Pakhtunkhwa (KP) and other provinces for the national flag carrier, stressing that the Pakistan International Airlines (PIA) was a “national asset” which his government would not sell for trinkets. 

Khan’s statement comes after the government kickstarted the loss-making PIA’s privatization process on Thursday, holding a televised auction in which it received the sole bid of Rs10 billion ($36 million) from Blue World City, a real estate development firm. The bid fell far short of the minimum price of Rs85 billion ($305 million) set by the government. The KP government formally offered to exceed the bid on Friday, saying the airline should remain under government control to preserve its status. 

Former prime minister Nawaz Sharif, chief of the ruling Pakistan Muslim League-Nawaz (PML-N) party and father of Punjab Chief Minister Maryam Nawaz, said last week that the Punjab government was mulling acquiring the PIA and renaming it “Air Punjab.”

Speaking to reporters on Sunday, Khan said it was not his job as privatization minister to reform the national flag carrier rather it was his job to sell the airline in “whatever condition it is in.”

“It is a very good development that if the KP, Punjab, Sindh or Balochistan governments want to acquire it [PIA] together, why would we object,” Khan asked. “We would be very happy if all of you acquire it and bring in a very professional management.”

Khan defended the PIA’s privatization process, saying that his government will ensure the process is conducted in a very efficient manner. 

“PIA is our national asset, I cannot sell it for trinkets,” he said. “I can sell any personal belonging of mine even for free [but not a national asset].”

Separately, Sindh Governor Kamran Tessori said Karachi’s traders are interested in acquiring the national airline. 

“Karachi’s businesspersons are constantly contacting me to talk about the airline’s matters,” Tessori wrote on social media platform X on Monday. “Karachi’s businesspersons want the PIA to be given to them for a year and they are also interested in starting a new airline,” he added. 

The Sindh governor said he had advised Karachi’s businesspersons to name any new airline they would manage as “PK” in which P would stand for Pakistan and K for Karachi. 

“If Karachi Air is started, it would provide additional opportunities for jobs,” Tessori said. “I want to become the voice of the traders and give this country and its people jobs and prosperity.”

Pakistan decided to move ahead with PIA’s privatization under terms agreed with the International Monetary Fund (IMF) for a 37-month, $7 billion bailout approved in September, aiming to divest over 51 percent of its stake in the financially struggling national carrier.

Critics, including PIA union representatives and independent analysts, last week called the $36 million bid an “embarrassment” for the government, with airline employees suggesting Pakistani authorities should expand PIA’s fleet to restore its operational viability.

A popular airline during its heydays in the ‘60s and ‘70s, PIA has grappled with financial losses, mismanagement, and operational challenges in recent years. It has also been burdened by a high debt load, inefficiencies, and corruption allegations, resulting in an overall decline in its financial performance.

The disposal of the flag carrier is a step that past elected governments have steered away from as it is expected to be unpopular with the masses. 


Pakistan extends deadline for Hajj applications with over 21,000 seats still available

Updated 4 sec ago
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Pakistan extends deadline for Hajj applications with over 21,000 seats still available

  • Saudi Arabia has allotted Pakistan a quota of 179,210 pilgrims for upcoming Hajj pilgrimage
  • All applications received till Tuesday have been accepted without any draw, ministry says

ISLAMABAD: The Pakistani government on Tuesday extended its deadline for the submission of Hajj applications till December 10, a religious affairs ministry official said, hoping to receive applications for the remaining 21,171 seats to complete the quota.
Saudi Arabia has allotted Pakistan a total quota of 179,210 pilgrims for the upcoming Hajj pilgrimage, which would be divided equally between the government and private schemes. On Nov. 18, around 15 designated Pakistani banks started receiving applications for Hajj 2025 from the intending pilgrims.
The deadline to file Hajj applications was December 3 that has now been extended to receive more applications, according to the religious affairs ministry. All applications received till December 3 have been accepted, including the applications received through sponsorship scheme.
“We have received 68,434 applications so far which may increase till 12 midnight,” Umar Butt, a spokesperson for the religious affairs ministry, told Arab News.
Last year, Pakistan surrendered 21,000 Hajj seats to Saudi Arabia due to a shortage of applications, but this year the government is hopeful of achieving the required number of applications till December 10.
The religious affairs ministry last month announced the country’s Hajj 2025 policy, allowing pilgrims for the first time to pay Hajj fees in installments.
“The balloting will be held if the applications are received more than the allocated Hajj quota,” the ministry said in a statement on Tuesday, adding the deadline for submission of Hajj applications had been extended keeping in view people of far-flung areas.
Under the government scheme, the first installment of Hajj dues, Rs200,000 ($717), must be deposited along with the Hajj application, while the second installment of Rs400,000 ($1,435) has to be deposited within ten days of balloting. The remaining amount has to be deposited by Feb. 10 next year.
Pakistan’s religious affairs ministry has launched the ‘Pak Hajj 2025’ mobile application to guide and facilitate pilgrims. The app is available for both Android and iPhone users.
The Pakistani government has also announced a reduction in airfares for Hajj 2025, with a Rs14,000 ($50) drop in ticket prices. Pilgrims enrolled in the federal program will now pay Rs220,000 for airfare, down from last year’s Rs234,000. The national flag carrier, the Pakistan International Airlines (PIA), Saudi Airlines and other private airlines have agreed to the relief package, according to the Pakistani government.
The religious affairs ministry has appealed to the overseas Pakistanis to deposit their sponsorship funds till December 10 to hold the slots.
“Hajj applications can be submitted through an online portal on the ministry’s website,” the ministry said. “Pilgrims have been requested to download the Pak Hajj mobile app for new instructions.”


Pakistan PM calls for global cooperation for sustainable water management at Riyadh forum

Updated 22 min 24 sec ago
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Pakistan PM calls for global cooperation for sustainable water management at Riyadh forum

  • The One Water Summit, a joint initiative of Saudi Arabia, France, Kazakhstan and World Bank, aims to stimulate global partnerships for water resource management
  • PM Shehbaz Sharif says it is their duty as leaders to ensure that water resources that have nourished civilizations for centuries must not be reduced to tales of past

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday called for transfer of technology, financing and international cooperation to ensure sustainable management of water for all as he addressed the One Water Summit in Riyadh, Saudi Arabia.
The summit, a joint initiative of Saudi Arabia, France, Kazakhstan and the World Bank, aimed for high-level political commitments to promote global cooperation and a coherent international approach toward water resource management.
Addressing the summit, Sharif said water was lifeblood of the planet, which transcended political boundaries, connected nations and fostered shared ecosystem, which was why his country attached great importance to transboundary cooperation.
“At the global level, I would submit for your kind consideration a number of steps to overcome water-related challenges. First, we need international cooperation and collaboration to ensure availability, sustainable management of water and sanitation for all,” he told attendees at the summit.
“Second, exchange of knowledge and expertise as well as transfer of technologies on innovative water management must be prioritized. Third, adequate funding for climate-resilient infrastructure and overcoming financing gap remains critical for climate-vulnerable countries.”
He appreciated the Kingdom of Saudi Arabia, France, Kazakhstan and the World Bank for the initiative, saying the world required “strong political will and global leadership to overcome the water crisis.”
“We must also focus on framework for transparency, data-sharing and regional cooperation to avoid conflicts and promote water-sharing,” the Pakistan premier said.
“We must invest in skills development, research and institutional strengthening to tackle water challenges at national and global levels.”
Sharif detailed steps taken by his government to ensure water security and climate-resilience, saying Pakistan was proud of joining this initiative and looked forward to providing all possible support in achieving its goals.
“As leaders, policymakers and custodians of the future, it is our duty to ensure that these rivers, lakes and aquifers that have nourished civilizations for centuries must not be reduced to tales of the past,” he added.
The One Water Summit is being held on Dec. 3-4 on the margins of the next high-level session of the COP16 of the United Nations Convention to Combat Desertification (UNCCD). It aims to contribute to ongoing United Nations discussions and processes to enhance global water governance, accelerate action on SDG6 on water and sanitation, and build on the momentum of the UN Water Conference in 2023.
The summit aims to scale up projects by stimulating partnerships between states, international organizations, local authorities, development and private banks, businesses, philanthropies, scientific experts, NGOs and civil society, in line with previous One Planet Summits, according to the forum’s website.
The forum will also act as an incubator for solutions in preparation for the next UN Water Conference in 2026, and integrate its agenda into the other existing water processes and initiatives such as the World Water Forum, the Dushanbe Conference and the World Water Week.


Muqeem stars as Pakistan crush Zimbabwe to win T20 series

Updated 03 December 2024
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Muqeem stars as Pakistan crush Zimbabwe to win T20 series

  • The 25-year-old took five consecutive wickets for the loss of only three runs
  • Zimbabwe crumbled to 57 all out in 12.4 overs after making a promising start

BULAWAYO: Pakistan wrist spinner Sufiyan Muqeem starred in a series-clinching 10-wicket Twenty20 international rout of Zimbabwe in Bulawayo on Tuesday.
The 25-year-old took five consecutive wickets for the loss of only three runs as Zimbabwe crumbled to 57 all out in 12.4 overs after making a promising start.
Pakistan then sped to 61-0 off 33 balls through Saim Ayub (36) and Omair Yousuf (22) to follow up a 57-run victory last Sunday in the first of three matches.
Victory completed a white-ball double for the tourists, who won a one-day international series 2-1 last week.
Pakistan captain Salman Agha said: “Losing the toss did not concern us because we had plans and executed them really well. The bowling of Sufiyan was outstanding.
“We have a young side full of quality players and the way they are performing is very heartening for me.”
Zimbabwe skipper Sikandar Raza admitted his team were “all hurting and in a pretty bad place at the moment.
“My biggest concern is whether we are learning our lessons when we suffer defeats because we seem to be making the same mistakes match after match.”
Zimbabwe openers Brian Bennett (21) and Tadiwanashe Marumani (16) — the only batters to reach double figures — built a 37-run partnership in four overs.
Then, both fell within five balls, and the home team lost their 10 wickets for just 20 runs as Muqeem wreaked havoc.
Marumani was caught by Tayyab Tahir at cover point and Bennett by Irfan Khan at deep square leg at the Queens Sports Club.
All-rounder Raza, often the batting savior for Zimbabwe, made just three before his off stump was uprooted by Abbas Afridi.
Raza was among four bowlers who had no success trying to contain Ayub and Yousuf. The openers struck 10 boundaries, including a six each, between them.
A four from Ayub past backward point sealed victory.
Pakistan complete the T20 series against Zimbabwe on Thursday. They then travel to South Africa for an eight-match all-formats tour, including two Tests.


BBC names Pakistan's Mahrang Baloch, Hadiqa Kiani among 100 most inspiring women in 2024

Updated 03 December 2024
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BBC names Pakistan's Mahrang Baloch, Hadiqa Kiani among 100 most inspiring women in 2024

  • Baloch, a medical doctor and activist, has led several demonstrations against alleged enforced disappearances in Pakistan
  • In response to the devastating 2022 floods in Pakistan, Kiani launched her Vaseela-e-Raah project to aid flood-affectees

ISLAMABAD: The British Broadcasting Corporation (BBC) on Tuesday named two Pakistanis, Mahrang Baloch and Hadiqa Kiani, among a list of 100 most inspiring and influential women in 2024.

Women have had to dig deep and find new levels of resilience from facing deadly conflicts and humanitarian crises in Gaza, Lebanon, Ukraine and Sudan, to witnessing the polarisation in societies that followed a record number of elections around the world, according to the broadcaster.

'BBC 100 Women' acknowledged the toll this year took on women by celebrating those who pushed for change as the world changed around them. The list also remained committed to exploring the impact of the climate emergency, highlighting climate pioneers who worked to help their communities tackle its impacts.

Baloch, a Pakistani medical doctor and political activist, was among hundreds of women across Pakistan taking part in demonstrations against alleged enforced disappearances in the southwestern Balochistan province. In late 2023, she led a 1,600-kilometer march to Islamabad to demand information on whereabouts of their family members, and was twice arrested during the journey.

"The medical doctor has since then become a prominent activist, under the banner of her own human rights group Baloch Yakjehti (Unity) Committee," the BBC wrote. "Her work in the field of human rights was recognised in the TIME100 Next 2024 list of emerging leaders."

Protesters from Pakistan's most impoverished Balochistan province, which has been the scene of a long-running insurgency, say their loved ones have been taken and killed by Pakistani security forces, amid a counterinsurgency operation. The authorities deny the accusations.

Pakistani singer and songwriter Kiani, known for her contributions to humanitarian causes, was the other Pakistani on the list. Rising to fame in the 1990s, she became a celebrated force in South Asian female pop music as well as a United Nations Development Programme (UNDP) goodwill ambassador.

"In response to the devastating 2022 floods in Pakistan, Kiani launched her Vaseela-e-Raah project, dedicated to aiding victims in the regions of Balochistan and South Punjab," the broadcaster said.

"She urged the public to assist displaced families and last year, the project announced it had built 370 homes and other facilities in the affected areas."

The BBC's list of 100 inspiring and influential women from around the world also included stranded astronaut Sunita Williams, rape survivor Gisèle Pelicot, actress Sharon Stone, Olympic athletes Rebeca Andrade and Allyson Felix, singer Raye, Nobel Peace Prize laureate Nadia Murad, visual artist Tracey Emin, climate campaigner Adenike Oladosu and writer Cristina Rivera Garza.


Pakistan stocks rally continues as market crosses record 104,000 points

Updated 03 December 2024
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Pakistan stocks rally continues as market crosses record 104,000 points

  • The benchmark KSE-100 index gained 1,284 points, or 1.24 percent, to close at 104,559 points on Tuesday
  • The development came amid slowing annual inflation, narrowing trade deficit and increasing exports

ISLAMABAD: The Pakistan Stock Exchange (PSX) on Tuesday continued its momentum and surged by more than 1,000 points to close at another record high, with stock analysts attributing it to upbeat economic data and a possible policy rate cut.
The benchmark KSE-100 index gained 1,284 points, or 1.24 percent, to close at 104,559 points on Tuesday afternoon, compared to the previous day close of 103,274 points.
The development came as Pakistan’s annual consumer inflation slowed to 4.9 percent in November, amid a narrowing trade deficit and increasing exports.
“Upbeat data on $8.65 billion trade deficit narrowing by 7.4 percent, and $13.69bn exports, up by 12.57 percent, for Jul-Nov 2024 played a catalyst role in record surge at PSX,” Ahsan Mehanti, chief executive officer (CEO) of Arif Habib Corporation, told Arab News.
Consumer inflation cooled from 7.2 percent in October, a sharp drop from a multi-decade high of nearly 40 percent in May 2023. The South Asian country also slashed interest rates by 250 basis points earlier in November to help revive a sluggish economy amid a big drop in the rate of inflation.
Mehanti said the bullish trend was led by scrips across the board as investors eyed big policy rate cut next week.
The PSX breached the 100,000-mark for the first time ever on November 28 to close at 100,082 points.