Three bids received for national carrier in televised auction.Auction follows last year’s failed attempt due to low bid.PIA’s prospects improve with debt assumption, lifted bans.The second open-bidding ceremony for the privatisation of Pakistan International Airlines is…
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Indian state refiners ‘pause’ Russian oil purchases following Trump’s warning

A Bharat Petroleum fuel station is pictured in Gurugram, India, June 4, 2025. — ReutersRefiners have not sought Russian crude for about a week: sources.India bought more Russian oil after Russia’s Ukraine invasion.US President Trump has warned countries not to buy Russian oil.
New electricity tariff plan on the cards for industrial consumers

A power technician is fixing electric meters in Pakistan. — AFP/FileLeghari proposes tariff reform to improve electricity efficiency.New tariff allows multi-slab pricing based on time-of-use.Tariff plan aims to improve system load factor and efficiency.
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IMF shares MEFP with Pakistan after outlining 2026-27 budget key points

International Monetary Fund logo is seen outside the headquarters building in Washington, US, September 4, 2018. — REutersIMF seeks 2026–27 fiscal framework, FBR tax target of Rs15.08tr.Current FY FBR target revised down to Rs13.4tr from Rs13.79tr.IMF wants faster POL price…




