Pakistan News

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  • DISCOURSE: WHAT DO WE BUY WHEN WE BUY ART?

    Is buying art a different activity altogether for collectors who are not artists and for those who are artists? Or do similar reasons unite them in their pursuit? A factor perhaps common to both is pure, sentimental enjoyment — buying what catches the eye, buying what agrees with a knotted bunch of inclinations and preferences that one carries around vaguely in one’s head and which makes certain works of art more urgent and attractive than...

  • The big debate: to sell or not to sell PIA?

    “Honestly, the government does not think it is worth feeding a giant organisation with billions of rupees that, we know for certain, cannot be revived on such monthly survival doses...

    ”The government plans to invite private firms with two basic qualifications: world class management experience and deep pockets to inject money in the airline for a complete overhaul and make it competitive...

  • Pakistanis buy Dubai property worth $379m in three months

    KARACHI: Pakistanis remained in pursuit of real estate in Dubai in the first quarter of 2015 as third biggest amount of foreign property transactions $379 million came from Pakistani nationals...

    Read: Pakistanis bought property worth 16bn dirhams in DubaiAccording to data released by Dubai Land Department in April 2015, Pakistani nationals made transactions worth $379m (1...

  • Sale of the century? $300 billion Saudi state sell-off moves slowly

    Saudi Arabia’s $300-billion privatisation programme was billed as the sale of the century when Crown Prince Mohammed bin Salman unveiled his plan to great fanfare...

    ”The sell-off is a cornerstone of Prince Mohammed’s Vision 2030 plan to bring in fresh revenue and diversify the economy — which is in recession and blighted by high unemployment — away from energy exports in an era of low oil prices...

  • Plan may allow sale of public property to favourites

    LAHORE: The Punjab government is considering to allow under its control the sale of the local government property with the first right of refusal to its existing users (offering them to purchase)...

    They said the manner in which it was being carried out reflected that the government was going to dole out local government immoveable property...

  • SC asks ETPB chief to explain sale of Hindu property in Karachi

    ISLAMABAD: The Supreme Court has asked the chairman of the Evacuee Trust Property Board to appear before it on Tuesday (today) to explain the alleged sale of a Hindu property in Karachi...

    He approached the court with a plea to ensure the implementation of a 2014 judgement which spelt out guidelines for the government to promote religious and cultural tolerance in society by developing curricula for schools and colleges...

  • India to buy 36 French Rafale fighter jets

    NEW DELHI: India will only buy 36 Rafale fighter jets as they are “way too expensive”, the defence minister said on Sunday, dashing lingering French hopes of a larger deal that has been years in the making...

    Defence Minister Manohar Parrikar said the previous government’s plans to buy 126 of the fighter jets from French firm Dassault were “economically unviable and not required”...

  • KP govt fails to buy land for garbage dumping site

    PESHAWAR: The provincial government has failed to purchase land for a dumping site to scientifically dispose of over 800 tonnes garbage, daily collected from urban areas of the provincial capital...

    28 million was allocated for the purpose in the Annual Development Programme for the fiscal year 2014-15...

  • Qatar signs $12bn deal to buy F-15 jets from US

    Qatar's Ministry of Defense said on Wednesday the country signed a deal to buy F-15 fighter jets from the United States for $12 billion...

    The deal was completed despite the Gulf country being criticised recently by US President Donald Trump for supporting terrorism...

  • Nigeria to buy 10 trainer aircraft from Pakistan

    ISLAMABAD: Pakistan on Friday signed an agreement for the sale of 10 Super Mushshak aircraft to the Nigerian Air Force (NAF), the Pakistan Air Force (PAF) announced here on Friday...

    The contract will not only open new vistas for export of aviation equipment to foreign countries but also help generate revenue for the country...

  • Google to buy part of Taiwan smartphone maker HTC for $1bn

    Taiwan's struggling smartphone maker HTC said on Thursday it would sell part of its smartphone business to Google for $1...

    Google will take on half of HTC's research staff — about 2,000 people — many of whom have already been working on the Silicon Valley firm's Pixel handset, as well as intellectual property (IP) licensing...

  • Turkey signs deal to buy Russian S-400 missile systems

    Turkey has signed a deal with Russia to buy S-400 missile defence systems in its first major weapons purchase from Moscow, Turkish newspapers on Tuesday quoted President Recep Tayyip Erdogan as saying...

    The accord for the surface-to-air missile defence batteries is Ankara's most significant pact with a non-Nato supplier...

  • Dubai Airshow opens with Emirates' $15b Boeing buy

    1 billion buy of American-made Boeing 787-10 Dreamliners, as the world's biggest defence companies promoted their weapons amid heightened tensions between Saudi Arabia and Iran...

    The Boeing announcement came after over an hour and a half of delays by Emirates amid rumours of a possible Airbus sale involving its A380 aircraft, a major workhorse for the airline...

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