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Pakistan's government has sold a 75% stake in Pakistan International Airlines (PIA) to the Arif Habib-led consortium for $482 million, fulfilling IMF demands for privatization. The deal aims to revive the airline, which has faced decades of financial decline and mismanagement, and includes plans for further stake acquisition.
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A series of militant attacks in Pakistan's Khyber Pakhtunkhwa province have resulted in multiple casualties. The Pakistani government blames groups linked to India and Afghanistan, amid ongoing tensions and regional security concerns. No group has claimed responsibility for the latest attack, which involved a remote-controlled bomb targeting police personnel.
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A fire at Gul Plaza shopping mall in Karachi has resulted in at least six deaths and multiple injuries. The blaze, which started Saturday night, spread rapidly through the densely packed complex, with rescue efforts ongoing. The cause remains under investigation.