Arif Habib Consortium to Buy Remaining 25% PIA Shares
Pakistan’s most consequential privatization just reached its final chapter. The Arif Habib-led consortium has formally submitted its financial instruments to acquire the government’s remaining 25% stake in Pakistan International Airlines, completing one of the most historic ownership transfers in the country’s corporate history and making PIA a fully private airline for the very first time. […]
PM Gives Pakistan Digital Authority Direct Control Over Hiring for AI Jobs
Pakistan just made one of its most significant moves yet in the race to build a serious artificial intelligence workforce inside the government. Prime Minister Shehbaz Sharif’s office has issued a sweeping directive that hands the Pakistan Digital Authority (PDA) direct, mandatory veto power over every single AI-related hiring decision across all federal ministries and […]
Borrowing Now More Expensive in Pakistan After Increase in SBP Interest Rate
It is official. The State Bank of Pakistan has pulled the trigger on a rate hike — and for millions of Pakistanis with loans, mortgages, business credit lines, and consumer finance, borrowing just became significantly more expensive. The State Bank of Pakistan decided on Monday to increase the policy rate by 100 basis points to […]