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Fauji Fertiliser Joins Arif Habib Consortium in Rs135bn PIA Privatisation Deal

  The Arif Habib Consortium has confirmed that   Fauji Fertiliser Company Limited   has formally joined its group following the successful acquisition of a 75% majority stake in   Pakistan International Airlines   for Rs135 billion. In a statement issued on Thursday, the consortium said Fauji Fertiliser will strengthen the airline through financial backing and corporate expertise. It also confirmed that the company will take part in the airline’s management structure alongside the Arif Habib Consortium. The consortium announced plans to invest Rs 125 billion in the first year. The funds will support upgrades to ground operations and overall passenger services. It also aims to expand PIA’s operational fleet from 18 aircraft to 62 in phases. Earlier, Adviser to the Prime Minister on Privatisation  Muhammad Ali  told Reuters that the government expects the new owners to take operational control by April, subject to regulatory approvals. The transaction ha...
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Pakistan, Afghanistan peace talks collapse, ceasefire continues, Taliban says

 


Peace talks between Afghanistan and Pakistan broke down, although a ceasefire continues between the South Asian neighbours, a Taliban spokesperson said on Saturday.

Zabihullah Mujahid said negotiations had failed due to Islamabad insisting that Afghanistan assume responsibility for Pakistan’s internal security, a demand he described as beyond Afghanistan’s “capacity”.

But, he said, “The ceasefire that has been established has not been violated by us so far, and it will continue to be observed.”

No progress in talks with Afghan regime: Asif

On Friday, Pakistani Minister of Defence Khawaja Muhammad Asif said peace talks with Afghanistan in Istanbul aimed at preventing renewed border clashes had collapsed, adding that the ceasefire would hold as long as there were no attacks from Afghan soil.

Afghan and Pakistani troops on Thursday briefly exchanged fire along their shared border, on the same day peace talks resumed in Istanbul.

The militaries from the South Asian neighbours clashed last month, killing dozens, in the worst violence since the Taliban returned to power in Afghanistan in 2021.

Both sides signed a ceasefire in Doha in October, but a second round of negotiations in Istanbul last week ended without a long-term deal due to a disagreement over militant groups hostile to Pakistan that operate inside Afghanistan.

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