ISLAMABAD: Pakistan has received only one bid for a stake in its national carrier, as five other consortiums chose not to participate in one of the country’s major privatisation efforts. The bidder submitted “earnest money” for the transaction to the Privatisation Commission by the Tuesday deadline, said Ahsan Ishaq, a spokesman for the Privatisation Ministry. However, he did not reveal the identity of the bidder. Six groups had initially been shortlisted to bid for shares in the struggling Pakistan International Airlines (PIA). These included Airblue Ltd., Arif Habib Corporation Ltd., Fly Jinnah (Air Arabia), Y.B. Holdings Pvt., Pak Ethanol Pvt.,…
Author: Sajjad Ali
Sajjad Ali
Sajjad Ali is ‘Online Web Editor of Khyber News. He is a journalist by profession and working in field for the last ten years. Previously he worked for national media organizations including ‘The Nation’ Daily Pakistan Today, Khyber News. He also worked in media development sector. He can be reached at sajjad.sovereign@gmail.com
Read More
PESHAWAR: Bushra Bibi, wife of incarcerated former premier and founder of Pakistan Tehreek-e-Insaf (PTI) Imran Khan, left for Islamabad today afternoon after staying in Peshawar for four days. Bushra Bibi was granted bail from Adiala jail four days ago, after which left for the provincial capital of Khyber Pakhtunkwa, where Pakistan Tehreek-e-Insaf (PTI) is in power. “We are going to Adiala Jail for Al-Qadir trust case hearing,” said her spokesperson Mashal Yousafzai. She said, “Today Bushra Bibi will meet Imran Khan after one month”. Addressing the reports of “deal” between Bushra Bibi and the government, Yousafzai said that “if Bushra…
ISLAMABAD: Bank Alfalah, a leading commercial bank in Pakistan and the incumbent Best Bank for Digital Banking, announced the launch of its new mobile banking application, Alfa. New Alfa is purposely curated to promote financial inclusion by departing from a mere transactional banking app and moving to a digital lifestyle app. People can now experience Alfa’s advanced new features of savings, investment, and borrowings across a wide range of choices, alongside its new user interface design, which integrates banking into people’s lifestyles. The Alfa app launch event was held at Bank Alfalah’s Digital Lifestyle Branch inaugurated by Mr. Syed Sohail…
Islamabad: inDrive, the global ride-hailing platform, proudly announces the launch of its first electric vehicle (EV) fleet in Pakistan. In partnership with EZ Bike, inDrive has also introduced an EV charging station in Islamabad, making it the first ride-hailing company in the country to integrate electric bikes into its operations. This initiative marks a significant step toward providing eco-friendly, affordable transportation while reducing emissions in Pakistan’s urban mobility sector. As part of a pilot project, inDrive has officially commenced the replacement of traditional motorbikes with battery-powered electric bikes. This innovative transition is enabled through a strategic collaboration with EZ Bike,…
Senior Puisne Judge of the Supreme Court of Pakistan, Justice Syed Mansoor Ali Shah, has officially disassociated himself from special benches formed under the Supreme Court (Practice and Procedure) Act 2023. In a letter addressed to Chief Justice Qazi Faez Isa, who also chairs the committee under this Act, Justice Shah expressed his objections and concerns regarding the constitutionality of recent legal amendments. Justice Shah cited his earlier letter from September 23, 2024, where he raised objections that were not included in the minutes of the 19th committee meeting. He clarified that until a Full Court Bench determines the validity…
ISLAMABAD: The 26th Constitutional Amendment has been challenged by a citizen in the Supreme Court of Pakistan on Tuesday. Petitioner has made the federal government as respondent in the constitutional petition pleading the court to declare the amendment as void. “The Parliament could legislate and amend the constitution with 2/3 majority, but it could not encroach the judicial matters,” the petition read. It argued that the 26th amendment has been violation of the basic framework of the constitution and the division of powers among the state institutions. “The amendment has handed over appointment of the Chief Justice to the incumbent…
ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) has announced that it will boycott the meeting of the Special Parliamentary Committee, constituted to appoint the next Chief Justice of Pakistan (CJP). The special committee meeting is scheduled to take place today at 4 pm. Over the committee’s recommendation, the prime minister will send the nomination to the president for final approval. The decision was made during an important meeting of Pakistan Tehreek-e-Insaf’s (PTI) Political Committee. According to the declaration, no PTI member will attend the special committee meetings. The meeting also approved strict action against members who vote against party policy. The PTI…
RAWALPINDI: The passing out parade ceremony of the 150th PMA Long Course, 69th Integrated Course, 36th Technical Graduate Course, and the 24nd Lady Cadet Course was held at the Pakistan Military Academy (PMA) Kakul, said a military statement on Saturday. The event was attended by Chairman of the Joint Chiefs of Staff Committee General Sahir Shamshad Mirza as the chief guest. Cadets from several friendly countries including Iraq, Jordan, Maldives, Sri Lanka, Nepal, Palestine, Sudan and Yemen were also among the graduates, read the Inter Services Public Relations (ISPR) statement. During the passing out parade, General Mirza presented awards to…
The Supreme Court has dismissed a petition filed against the proposed constitutional amendments after the petitioners requested to withdraw their case. A three-member bench, headed by Chief Justice of Pakistan (CJP) Qazi Faez Isa, presided over the hearing on Thursday. Hamid Khan, a senior lawyer representing the petitioners, appeared before the court and formally requested the withdrawal of the application. “We want to withdraw this application,” Khan stated. The CJP remarked that the petition had been filed by six lawyers, and asked whether Hamid Khan’s services were engaged solely for withdrawing it. “Were your services hired only to withdraw the…
Islamabad: The Board of Directors of Bank Alfalah Limited, in its meeting held on October 17, 2024, approved the Bank’s financial results for the nine-months period ended September 30, 2024. Bank Alfalah reported profit after tax of PKR 33.643 billion, an improvement of 23.5% over the same period last year (SPLY), translating into Earning Per Share of PKR 21.33. The Bank’s profit before tax was PKR 66.482 billion. The improvement in profitability was largely attributable to a growth of 76.4% in Non Funded income supported by net interest income and lower provisions. The Board of Directors also declared an interim…
