Pakistan News

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  • Pakistan raises issue of F-16 sale with visiting US commander

    ISLAMABAD: Pakistan on Monday raised the unresolved issue of F-16 sale to Pakistan and expressed concern with the visiting commander of US Central Command (Centcom) General Joseph Votel...

    Secretary Defence Gen (r) Alam Khattak reiterated Pakistan’s need for the F-16 jets, and impressed upon the visiting Centcom commander the jet’s utility in the war against terror...

  • PPP to resist sale of Pakistan Steel Mills land

    ISLAMABAD: Pakistan Peo­ples Party Senator Taj Haider on Friday said that he will resist the sale of Pakistan Steel Mills (PSM) land under the garb of clearing its liabilities...

    “I will set up a protest camp there and not allow the sale of land this way,” he said during a meeting of Senate Standing Com­m­ittee on Industries which was discussing issues related to PSM including nonpayment of gratuity and provident fund to 3,500...

  • Pakistan Steel for sale again

    PAKISTAN Steel Mills, the country’s largest industrial complex, is again on the priority list for privatisation, with the transaction scheduled to be finalised by the end of December...

    The previous attempt to sell Pakistan Steel Mills (PSM) by then-Prime Minister Shaukat Aziz to a Saudi-led consortium for Rs21...

  • Pakistan to start ‘soft-marketing’ state airline sale in June

    LONDON: The government will begin the marketing process next month to sell a 49 per cent stake in Pakistan International Airlines (PIA) and plans to list shares in several power utility firms this year, privatisation minister Mohammad Zubair said on Monday...

    “We have to understand the market, and what the market is looking for,” he added...

  • 'Disappointed' India summons US ambassador over sale of F-16s to Pakistan

    NEW DELHI: A 'disappointed' India summoned on Saturday United States envoy in New Delhi, Richard Verma, over Obama administration's decision to sell eight Lockheed Martin F-16 fighter jets to Pakistan, along with training, radar and other equipment, a deal worth $699 million...

    "We are disappointed at the decision of the Obama Administration to notify the sale of F-16 aircraft to Pakistan," Indian External Affairs Ministry spokesman...

  • Pakistan 'surprised' over Indian reaction to US F-16 sale

    ISLAMABAD: The Foreign Office on Sunday expressed 'surprise' at the Indian government's disappointment over the United States' decision to sell eight F-16 fighter jets to Pakistan...

    A 'disappointed' India on Saturday summoned the US envoy in New Delhi, Richard Verma, to 'convey its displeasure' regarding the Obama administration's decision to notify the sale of the aircraft to Pakistan...

  • US senator does not expect Pakistan F-16 sale to be blocked

    WASHINGTON: United States Senator Ben Cardin, the top Democrat on the Senate Foreign Relations Committee, said on Wednesday he does not expect an upcoming vote on a $700 million sale of F-16 fighter jets to Pakistan to keep the deal from going ahead...

    President Barack Obama's administration announced on Feb 12 that it had approved the sale of the Lockheed Martin Corp aircraft as well as radars and other equipment to Pakistan...

  • India should not be concerned over F-16 sale to Pakistan, says Pentagon

    WASHINGTON: The United States Defense Department said on Tuesday that the sale of F-16 fighter jets to Pakistan should not be a cause of concern to India as the deal "always" took into account the regional security situation...

    India has expressed its disappointment at the decision by the Obama Administration to sell to sell eight Lockheed Martin F-16 fighter jets to Pakistan, along with training, radar and other equipment to help the...

  • Pakistan rejects US conditions attached to sale of F-16s?

    ISLAMABAD: Pakistan needs modern F-16 fighter jets for its ongoing war against terrorism but rejects the conditions the United States has attached with their sale, said Foreign Secretary Aizaz Chaudhry on Saturday...

    Speaking to journalists, scholars and corporate leaders at a breakfast meeting in Islamabad, the foreign secretary said no conditions should be attached to the sale of F-16s because Pakistan plans to use the jets only for...

  • US govt supports sale of F-16s to Pakistan: official

    WASHINGTON: The US State Department has informed Congress that it wants to retain the flexibility that foreign assistance provides, to do business with Pakistan...

    “It is critical that the State Department maintains the flexibility to provide assistance for Pakistan that advances US interests,” said a department official when asked how the recent congressional restrictions could affect US-Pakistan relations...

  • US lawmaker assails proposed sale of F-16s to Pakistan

    WASHINGTON: The chairman of the Senate Foreign Relations Committee on Tuesday sharply questioned US plans to sell F-16 fighter jets to Pakistan, questioning Pakistani actions in Afghanistan...

    The US government said on Feb 12 it had approved the sale to Pakistan of up to eight F-16 fighter jets built by Lockheed Martin Corp, radar and other equipment in a deal valued at $699 million...

  • Pakistan Super League tickets put on sale

    LAHORE: Authorities of the Pakistan Super League (PSL) have put tickets of the league on sale worldwide at kyazoonga...

    A press release issued by the PSL stated: “With a ticket strategy tailor-made to facilitate enthusiastic cricket fans, ticket prices for the single headers start from an extremely affordable AED 20 [UAE currency] while tickets for play-offs, double headers, and the final start from AED 30...

  • Chinese firm expresses interest in Pakistan Steel Mills sale

    A Chinese firm has expressed interested in the sale of Pakistan Steel Mills (PSM) as the PML-N speeds up the privatisation process on the back of International Monetary Fund reservations over the matter...

    Additionally, above 14,000 PSM employees have been deprived of their salaries for the last five months...

  • US approves sale of night vision equipment to Pakistan

    6 million contract to Lockheed Martin to produce infrared target sight systems for the US Navy and Pakistan, the Pentagon announced on Friday...

    The system will be used for the AH-1Z Cobra attack helicopters, which have proved very effective in combats against militants, particularly in difficult terrains...

  • Pakistan hires banks for three-tranche dollar bond sale

    DUBAI: Pakistan has hired a group of banks to arrange investor calls ahead of a triple-tranche sale of US dollar-denominated bonds, a document showed on Thursday...

    Cash-strapped Pakistan has been in dire need of funds after its economy was hit hard by the coronavirus pandemic and contracted...

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