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PIA shares see a 600% increase.



The shares of the national flag carrier, Pakistan International Airlines (PIA), experienced a 600% increase in trading at the Pakistan Stock Exchange subsequent to changes at the airline.

The price of PIA shares increased from Rs4.50 to Rs27 over the past ten days. Market analysts claim that investors’ increased confidence following the PIA reform process is the reason for the share price increase.

The PIA share is now the 17th largest traded share on the PSX, with a share value of Rs27.

The government hopes to finish the cash-strapped Pakistan International Airline (PIA) privatization process in June, according to remarks made by Finance Minister Muhammad Aurangzeb yesterday.

During his interview on the ARY News program KHABAR with Meher Bukhari, Federal Minister for Privatization and Board of Investment Abdul Aleem Khan stated that he is working on the privatization of the national flag carrier.

The minister of finance conveyed optimism that the government will shortly start getting bids for the PIA.

Regarding cutting operational costs, Aurangzeb said the federal government will make an announcement shortly about a decision involving ministries that have been transferred to the provinces.


Petrol prices are likely to drop significantly beginning May 16.




According to sources, the government is set to decrease petrol prices by Rs 14 per litre and diesel prices by Rs 10 on May 16 for the next fortnight’s revision.

Last month, the government reduced the price of fuel and high-speed diesel by Rs5.45 and Rs8.42 per fortnight, respectively.

The current fuel price is Rs288.49 per litre, while the HSD price is Rs281.96.

Meanwhile, oil prices fell further on Monday, as signs of sluggish fuel consumption and comments from U.S. Federal Reserve officials dimmed optimism for interest rate reduction, which may slow growth and reduce fuel demand in the world’s largest economy.

Brent crude prices down 25 cents, or 0.3%, to $82.54 a barrel, while US West Texas Intermediate crude futures fell 19 cents, or 0.2%, to $78.07 per barrel.

Oil prices also declined on signals of poor demand, according to ANZ analysts, as gasoline and distillate inventories in the United States increased in the week before the start of the driving season.

Refiners throughout the world are dealing with falling diesel profitability as new refineries increase supply and warm weather in the northern hemisphere and weak economic activity reduce demand.

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IHC suspends the naan and roti price reduction notification.




The head of the Naanbai Welfare Association petitioned IHC Justice Tariq Mahmood Jahangiri.

In their petition, the Naanbai Welfare Association said that the controller general reduced the price of roti from Rs25 to Rs16 and naan from Rs30 to Rs20.

The association claimed that the relevant authorities did not consult them before making the decision. He informed the court that the decision was made without their input and that the new pricing were too low.

The district administration official informed the court that the controller of general pricing and suppliers was given the authority to determine the prices of necessary commodities such as naan and roti.

Following a legislative modification, the functions were delegated to the controller general.

Barrister Umar Aijaz Gilani, the lawyer for the Naanbai Association, argued that the controller general’s powers were not governed by Section 3 as stated in the notification.

He noted that rent and grain prices are high in Islamabad. The court queried the Islamabad district government, which was the association, about the pricing of flour before lowering the costs. “Order was passed justice to make people happy.”

Later, the court ordered a detailed answer in the matter and stayed the notification of lowering the prices of naan and roti in Islamabad until May 6.

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UNICEF will donate $20 million to youth initiatives in Pakistan.




The signing of a letter of intent between the Prime Minister’s Youth Program and the UN International Children’s Emergency Fund (UNICEF) about the United Nations Generation Unlimited (GenU) program was witnessed by Prime Minister Shehbaz Sharif.

In order to empower youth via education, technical training, and entrepreneurship as well as to work toward early education and training, the Secretary General of the UN announced the Generation Unknown initiative in 2018.

Twenty million euros will be invested in youth-related projects by GenU as it prepares to launch its full operations in Pakistan.

To help ensure that young people have equal access to training and education, sign the document. A joint operational strategy framework will be developed in this regard by GenU and the PM Youth Programme.

PM watches UNICEF and PMYP sign a letter of intent.

Prior to this, the prime minister was visited by a UNICEF delegation led by Abdullah A. Fazil, UNICEF’s Pakistani representative. Moreover present in the conference was Rana Mashhood, Chairman of the PM Youth Program.

The PM Youth Programme and UNICEF are working together to increase the capacity of Pakistan’s youth, as the delegation informed the prime minister.

The prime minister expressed gratitude to UNICEF for their efforts on behalf of children’s welfare in Pakistan and throughout the world.

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