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CCoP endorses Rs135bn PIA bid, clears way for cabinet approval

A PIA plane pictured mid-flight. — AFP/FileCCoP endorses Rs135bn bid for 75% stake in PIA.Federal cabinet to review Rs135bn PIA privatisation deal.New PIA owner plans fleet expansion, aircraft overhaul.

The Cabinet Committee on Privatisation has approved a Rs135 billion…

Oil prices jump again as worries grow over Hormuz

Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. — ReutersAdvances pared some of previous day’s losses.Equities extended Monday’s gains.Attacks on Middle Eastern oil facilities continue.

Oil…

SIFC proposes export of refurbished used cars

A representational image showing a large number of parked cars. — AFP/FileMoves aims at boosting Pakistan’s weak export performance.Policy under discussion with IMF before cabinet approval.Scheme targets multi-million-dollar export opportunities.

ISLAMABAD: The Special…