Business

Pakistan International Airlines has partnered with rail networks in the UK and Canada to allow passengers to book combined air and rail journeys on a single ticket, aiming to improve travel convenience for international routes.

Pakistan is set to develop a $80 million seafood export zone spread over 100 acres in Karachi, aiming to strengthen exports, modernize processing facilities, and boost foreign exchange earnings.

Pakistan and Saudi Arabia have agreed to strengthen cooperation in the mines and minerals sector following high-level discussions held in Riyadh during an international minerals forum.

Pakistan has not abandoned the Iran gas pipeline project and may revive it if a US sanctions waiver is secured, according to a recent report, as Islamabad continues to explore long-term energy security options.

Pakistan and Indonesia have agreed to establish a Joint Trade Committee to further strengthen bilateral trade relations, with total trade between the two countries exceeding $4 billion, marking a new milestone in economic cooperation.

Pakistan International Airlines (PIA) is set to expand its UK operations with the resumption of London flights from March, marking a key step in restoring international connectivity and strengthening its European network.

Pakistan’s privatisation adviser Muhammad Ali has clarified that Pakistan International Airlines’ hotel assets in New York and Paris are not part of the ongoing privatisation process.

Arif Habib Consortium has emerged as the successful bidder for 75% of Pakistan International Airlines after submitting a Rs135 billion offer, while the federal government will retain a 25% strategic stake.

Pakistan has approved direct RMB–PKR currency conversion in Gwadar Free Zones, removing the requirement to route transactions through the US dollar and easing trade for foreign investors.

Pakistan and Russia have signed agreements to revive Pakistan Steel Mills, with discussions underway on establishing a new steel mill in Karachi, officials said.

Pakistan’s seafood exports reached $173 million in the first five months of the current fiscal year, reflecting steady demand in key international markets, official data shows.

Pakistan is preparing to issue its first Panda Bond in the Chinese market by mid-January 2026, aiming to raise around $250 million as part of a strategy to diversify external financing sources.