Pakistan flag carrier PIA attracts $36 million bid from real estate company

Pakistan flag carrier PIA attracts $36 million bid from real estate company
Pakistan International Airlines (PIA) passenger plane sits on tarmac, as seen through a plane window, at the Islamabad International Airport, Islamabad on October 27, 2024. (REUTERS)
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Updated 31 October 2024
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Pakistan flag carrier PIA attracts $36 million bid from real estate company

Pakistan flag carrier PIA attracts $36 million bid from real estate company
  • Pakistan is looking to offload 51-100 percent stake in debt-ridden airline to raise funds to reform state-owned assets
  • Pakistan pre-qualified six groups but only Blue World City company met deadline to submit documents for auction

KARACHI: Pakistan’s state-owned airline PIA has received a 10 billion rupee ($35.99 million) bid from real-estate development company Blue World City, the Privatization Ministry said on Thursday without disclosing the size of the stake.
The cash-strapped country is looking to offload a 51-100 percent stake in debt-ridden Pakistan International Airlines (PIA) to raise funds and reform bleeding state-owned enterprises as envisaged under a $7 billion International Monetary Fund (IMF) program.
The government had pre-qualified six groups in June, but only one — real estate development company Blue World City — met a Tuesday deadline to submit final documents to participate in the process.
Officials from three groups that chose not to bid told Reuters on condition of anonymity that there were concerns about the government’s ability to stand by agreements made for the flag carrier in the long term.
One executive voiced concern about policy continuity once a new government came in. The government of Prime Minister Shehbaz Sharif has relied on a coalition of disparate political parties.
The disposal of PIA is a step former governments have steered away from as it has been highly unpopular given the number of layoffs that would likely result from it.
Underpinning these concerns over policy continuity and honoring contracts was the government’s termination of power purchase contracts with five private companies earlier this month, as well as the process of re-negotiating other sovereign guaranteed pacts.
Changes in Pakistan’s decade-old agreements with private Independent Power Producer (IPP) projects, largely financed by foreign lenders, to address chronic power shortages, “raises the risk of investing as well as doing business in Pakistan, even in the presence of sovereign contracts as well as guarantees,” said Sakib Sherani, an economist who heads private firm Macro Economic Insights.
Other concerns raised by potential bidders included inconsistent government communication, unattractive terms and taxes on the sector, in addition to PIA’s legacy issues and reputation.
 ($1 = 277.8500 Pakistani rupees)


Shahzaib Khan’s brilliant 159 powers Pakistan Under-19 to 43-run victory over India

Shahzaib Khan’s brilliant 159 powers Pakistan Under-19 to 43-run victory over India
Updated 33 sec ago
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Shahzaib Khan’s brilliant 159 powers Pakistan Under-19 to 43-run victory over India

Shahzaib Khan’s brilliant 159 powers Pakistan Under-19 to 43-run victory over India
  • Khan’s extraordinary performance anchored Pakistan’s innings, helped them post 281 for 7
  • In reply, India were bundled out for 238 in 47.1 overs despite a fighting 67 by Nikhil Kumar

ISLAMABAD: Opener Shahzaib Khan’s scintillating 159 powered Pakistan Under-19 to a 43-run victory over arch-rivals India in a Group A match of the ACC Men’s U19 Asia Cup at the Dubai International Cricket Stadium on Saturday.
Shahzaib’s knock, spanning 147 balls and featuring five fours and 10 sixes, anchored Pakistan’s innings as they posted 281 for 7 in 50 overs.
India, in reply, were bundled out for 238 in 47.1 overs despite a fighting 67 by Nikhil Kumar.
The Mansehra-born opener shared a 160-run stand with Usman Khan (60 off 94 balls), setting a solid platform. Their partnership came on the back of impressive recent form, with Shahzaib and Usman scoring 330 and 314 runs, respectively, in a tri-series against Afghanistan and the United Arab Emirates.
“There was a lot of seam movement, and the fast bowlers were getting good support,” Khan said after the match. “But after spending some time at the crease, when the spinners came on, I focused on dispatching deliveries in my range to the boundary.”
“By God’s grace, it worked out for me today,” he added.
Khan continued to dominate with a 71-run third-wicket stand with Muhammad Riazullah (27). Pakistan accelerated late in the innings, adding 74 runs in the last 10 overs, as captain Saad Baig’s decision to bat first paid off.
India’s Samarth Nagaraj was the pick of the bowlers with figures of 3-45, while Ayush Mhatre chipped in with 2-30.
India started their chase positively but lost early wickets. Abdul Subhan dismissed Mhatre (20) in the fourth over, while Ali Raza removed Vaibhav Suryavanshi in the next spell, leaving the team reeling at 28 for 2.
Usman Khan and Faham-ul-Haq continued to build pressure, reducing India to 81 for 4.
A 53-run partnership between Nikhil Kumar and Kiran Chormale (20) briefly revived India, but Faham broke the stand by dismissing Chormale.
Kumar’s valiant 77-ball 67 ended when he was caught off Naveed Ahmed Khan at 174, dashing India’s hopes of a recovery.
Ali Raza’s 3-36 led the bowling for Pakistan, with Abdul Subhan (2-45) and Faham-ul-Haq (2-41) providing crucial support.
Pakistan will next face the UAE on December 2 at the same venue.


Authorities in northwest Pakistan to treat individuals spreading Kurram violence as ‘terrorists’

Authorities in northwest Pakistan to treat individuals spreading Kurram violence as ‘terrorists’
Updated 30 November 2024
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Authorities in northwest Pakistan to treat individuals spreading Kurram violence as ‘terrorists’

Authorities in northwest Pakistan to treat individuals spreading Kurram violence as ‘terrorists’
  • Ali Amin Gandapur asks authorities to collect heavy weapons from area residents
  • He urges locals to identify those disrupting peace as death toll surpasses 100

PESHAWAR: Pakistan’s Khyber Pakhtunkhwa (KP) administration on Saturday vowed to eliminate trenches dug by warring tribes in Kurram, where 10 days of sectarian clashes have killed over 100, warning that anyone disrupting peace in the area would be treated as “terrorist.”
Kurram, a former semi-autonomous tribal region bordering Afghanistan, has a long history of violent conflicts, including a major clash in 2007 that lasted for years before being resolved by a jirga, or council of tribal elders, in 2011.
The recent clashes erupted on November 21, when gunmen attacked a convoy carrying members of the minority Shiite community in Lower Kurram, killing 41 people.
“Anyone who takes up arms will be called a terrorist, and the fate of a terrorist is hell,” KP Chief Minister Ali Amin Gandapur announced while addressing a grand jirga that brought together tribal chieftains along with senior government functionaries in Kohat, located near Kurram.
Last week, the provincial administration announced it had brokered a seven-day ceasefire to end hostilities between the warring tribes. However, a local police official told Arab News a day earlier that violence continued unabated, with sporadic gunfire echoing in the area, reflecting that the arrangement had not worked.
Gandapur noted the army, police and district administration officials were making concerted efforts to achieve enduring peace in the region.
“Though political differences between federal and provincial governments persist, the central government should provide Frontier Constabulary (FC) troops to maintain peace in the area,” he said.
The members of the grand jirga would remain in the area until peace was established, he added, noting that the provincial government would provide them with all possible support.
“Those who are disrupting peace in Kurram should be identified by the local community,” he added. “Local elders should play their role to end the atmosphere of hatred between the warring factions.”
Only a day earlier, Hameed Hussain, a parliamentarian from Kurram, confirmed to Arab News that the ceasefire announced by the provincial authorities had failed to hold.
He said the death toll from the ongoing clashes had reached 110.
The KP chief minister directed the relevant authorities to collect heavy weapons from residents of the restive district.
“The government will ensure the dignified return of families displaced due to fighting,” he added. “Funds will be released for the repatriation of temporarily displaced people.”


Pakistan’s top cricket official assures highest security for Champions Trophy teams in Dubai meeting

Pakistan’s top cricket official assures highest security for Champions Trophy teams in Dubai meeting
Updated 30 November 2024
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Pakistan’s top cricket official assures highest security for Champions Trophy teams in Dubai meeting

Pakistan’s top cricket official assures highest security for Champions Trophy teams in Dubai meeting
  • Naqvi visits UAE amid speculation about a hybrid model for the event after India’s refusal to play in Pakistan
  • The PCB chairman emphasizes the importance of keeping cricket and politics separate during the meeting

KARACHI: Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi said on Saturday the government will provide the highest level of security and hospitality to visiting teams for the ICC Champions Trophy 2025, amid ongoing speculation about a hybrid model for the tournament after India declined to play in Pakistan, citing security concerns.
Pakistan is set to host the event in Karachi, Lahore and Rawalpindi from February 19 to March 9. However, political tensions with India have already cast a shadow over the tournament, creating uncertainty about how to ensure the participation of the Men in Blue in the event.
Naqvi held a meeting in Dubai with Mubashshir Usmani, former Secretary of the Emirates Cricket Board and Chairman of the ICC Associate Members Committee, to finalize key arrangements for the tournament and discuss ways to promote cricket in Pakistan and the United Arab Emirates.
“Pakistan is a peaceful country, and cricket is deeply loved by our nation,” he was quoted as saying in an official PCB statement circulated after the meeting.

“Fans are eagerly awaiting the thrilling contests of the ICC Champions Trophy 2025,” he added. “All participating teams will be treated as state guests, with the highest level of security and hospitality provided to them.”
India has not sent its team to Pakistan since 2008 due to political tensions between the two countries. However, the PCB chief emphasized the importance of keeping cricket and politics separate.
“Hosting this tournament is a matter of great pride for our nation, and we look forward to welcoming all teams with open arms,” Naqvi said. “We have finalized all arrangements, including comprehensive security measures, to ensure a seamless event.”
The PCB chairman also updated Usmani on Pakistan’s progress in upgrading its stadiums to meet international standards. The discussions included collaborative measures to enhance cricket development in Pakistan and the UAE.
The talks occurred against the backdrop of growing speculation that the ICC may adopt a hybrid model for the Champions Trophy, similar to the Asia Cup 2023, which was partially hosted in Sri Lanka due to India’s refusal to play in Pakistan.
However, the PCB has ruled out such an arrangement, arguing it sent its players to India to participate in the ODI World Cup last year, and Indian cricketers should also play their matches in Pakistan.


Gunmen attack checkpoint, abduct six laborers in Pakistan’s restive Balochistan province

Gunmen attack checkpoint, abduct six laborers in Pakistan’s restive Balochistan province
Updated 30 November 2024
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Gunmen attack checkpoint, abduct six laborers in Pakistan’s restive Balochistan province

Gunmen attack checkpoint, abduct six laborers in Pakistan’s restive Balochistan province
  • The Baloch Liberation Army claims responsibility for twin attacks in Nushki district this week
  • Pakistan has announced an operation against Baloch separatists targeting Chinese nationals

QUETTA: Baloch separatist militants have targeted a dam construction site and a Levies check post in Pakistan’s southwestern Balochistan in two separate attacks, a senior official confirmed Saturday, abducting six laborers and seizing weapons just days after Pakistan announced a comprehensive operation against armed factions in the province.
The attacks occurred late Thursday night along the border of the remote Nushki and Kharan districts.
Pakistan’s largest but sparsely populated province, Balochistan borders Afghanistan and Iran and is central to the multibillion-dollar China-Pakistan Economic Corridor (CPEC) projects. The region has been the site of a low-level insurgency by separatist militants for over two decades, though violence has intensified in recent months.
In August, the province witnessed a series of coordinated attacks that killed over 50 people.
“Unknown armed men attacked a dam construction site in Nushki district on Thursday night and abducted six laborers,” Additional Chief Secretary Home Shahab Ali Shah said while speaking to Arab News. “The laborers were working for a private construction company.”
“In another incident, armed men attacked a Levies check post at Zarin Jungle area and snatched three submachine guns from the soldiers,” he continued, adding that no loss of life was reported in the attack.
The Baloch Liberation Army (BLA), a prominent militant group in the province, claimed responsibility for the attacks on Friday, saying the group seized weapons from the Levies and “arrested” construction company personnel.
“BLA fighters captured a post of the Pakistani Levies force on the highway at Zarin Jungle and seized the weapons,” it said in a statement. “At the same time, different squads of fighters conducted a snap-check on the highway and arrested five personnel working on a construction project.”
It added the BLA had destroyed the construction company’s machinery and equipment by setting them on fire.
Rich in land and mineral wealth, Balochistan is otherwise an impoverished region, prompting separatist groups to accuse Pakistan of exploiting provincial resources, including gold and copper.
Pakistan denies the allegations and says the government is carrying out several development projects in the region to ensure its prosperity and improve the quality of life of its residents.
Earlier this month, Prime Minister Shahbaz Sharif approved a “comprehensive military operation” in Balochistan against the separatist outfits involved in attacks on Pakistani security forces after a suicide bombing at the Quetta Railway Station killed about 25 people, including army troops.
Baloch separatists have also been involved in targeting Chinese workers in Pakistan, prompting Beijing to urge authorities in Islamabad to provide them with foolproof security.


Pakistan PM sympathizes with Malaysian counterpart over loss of lives in recent floods

Pakistan PM sympathizes with Malaysian counterpart over loss of lives in recent floods
Updated 30 November 2024
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Pakistan PM sympathizes with Malaysian counterpart over loss of lives in recent floods

Pakistan PM sympathizes with Malaysian counterpart over loss of lives in recent floods
  • The floods have killed at least four people and forced over 122,000 people out of homes in several states of Malaysia
  • The number, which surpassed the 118,000 evacuated during one of Malaysia’s worst floodings in 2014, is feared to rise

ISLAMABAD: Prime Minister Shehbaz Sharif on Saturday telephoned his Malaysian counterpart Dato’ Seri Anwar Ibrahim and offered his deepest sympathies over the loss of lives and damage caused to property in recent floods in several states of Malaysia, Sharif’s office said.
At least four people have been killed and more than 122,000 people forced out of their homes as massive floods caused by relentless rains swept through Malaysia’s northern states, disaster management officials said Saturday.
The number surpassed the 118,000 evacuated during one of the country’s worst floodings in 2014, and disaster officials feared it could rise further as there was no let-up in torrential downpours.
During his telephonic conversation, Sharif told his Malaysian counterpart that the people of Pakistan stood in solidarity with their Malaysian brothers and sisters in these testing times.
“The Prime Minister offered all possible assistance to Malaysia and announced the immediate dispatch of humanitarian assistance as a token of Pakistan’s support to their Malaysian brethren,” Sharif’s office said.
The prime minister also expressed admiration for the swift response of the Malaysian government in dealing with this natural calamity.
Pakistan and Malaysia enjoy a strong bilateral relationship, rooted in shared Islamic values and historical ties. Since 1957, they’ve fostered economic cooperation, defense collaborations, and cultural exchange. The Pakistan-Malaysia Free Trade Agreement of 2008 boosted trade and investment, while regular high-level visits have solidified their partnership, underpinned by mutual respect and trust.
Recalling the recent visit to Pakistan by PM Ibrahim in October this year, Sharif expressed satisfaction at the positive trajectory of bilateral relations and reaffirmed Pakistan’s commitment to further strengthen bilateral cooperation in all areas of mutual interest.
He also noted with satisfaction that some of the trade related issues identified during the Malaysian prime minister’s visit had already been resolved amicably.
Trade between Malaysia and Pakistan currently stands at $1.4 billion, including in palm oil, apparel, textiles, chemical and chemical-based products, and electrics and electronic products. Among South Asian countries, Pakistan is Malaysia’s third-largest trading partner.
“The Malaysian Prime Minister thanked the Prime Minister for his support and agreed that the two countries need to continue to work closely on advancing ties in all important areas,” Sharif’s office said.
“Both leaders also agreed to continue the momentum of high level visits, with both the Prime Minister as well as Deputy Prime Minister & Foreign Minister expected to visit Kuala Lumpur early next year.”