
Cybersecurity education: Pak student receives ‘award of honour'
The President's Award of Honour is the highest academic recognition presented by EC-Council University. It is awarded to students who demonstrate exceptional academic performance, uncompromising ethical standards, and forward-thinking innovation in the field of cybersecurity.
Copyright Business Recorder, 2025
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Express Tribune
an hour ago
- Express Tribune
Govt shortlists four bidders as PIA privatisation gains momentum
Listen to article The federal government said on Tuesday it had approved four parties, including business groups and a private education operator, to potentially bid for a stake in debt-ridden Pakistan International Airlines. The government has been seeking to sell a 51-100% stake in the struggling national airline to raise funds and reform cash-draining, state-owned enterprises as envisaged under a $7 billion International Monetary Fund programme. It would be the country's first major privatisation in nearly two decades. Among the bidding groups, one is a consortium of major industrial firms Lucky Cement, Hub Power Holdings, Kohat Cement and Metro Ventures. Read More: Five bids received for PIA sell-off Another is led by investment firm Arif Habib Corp, and includes fertiliser producer Fatima Fertilizer, private education operator The City School, and real estate firm Lake City Holdings. Additionally, Fauji Fertilizer Company, a subsidiary of the Fauji Foundation — one of the country's largest conglomerates — and Pakistani airline Airblue have been approved to bid for PIA. "The pre-qualified parties will now proceed to the buy-side due diligence phase," Privatisation Minister Muhammad Ali said in a statement. Also Read: Imran plans jail-led protest, sons to join after return from US The review process is set to last two to two-and-a-half months, with final bidding and negotiations anticipated in the fourth quarter of 2025, Ali previously told Reuters. The privatisation ministry also said that the Cabinet Committee on Privatisation approved the transaction structure for the Roosevelt Hotel located in New York, including options for both outright sale and long-term lease. From the Roosevelt Hotel, the government is expecting over $100 million as a first payment during this year, Ali previously told Reuters.


Business Recorder
5 hours ago
- Business Recorder
PM Shehbaz pledges inclusive economic policy in meeting with top business leaders
Prime Minister Shehbaz Sharif on Tuesday met with leading industrialists and business figures to discuss Pakistan's economic outlook, export potential, and private sector challenges, reiterating the government's commitment to sustained economic growth and investor-friendly reforms. Welcoming the participants, the prime minister said economic stabilisation was the result of relentless efforts by his economic team, adding that the focus had now shifted towards long-term development, industrial expansion, job creation, and attracting foreign investment. 'We must now harness local resources to make Pakistan economically self-reliant,' he said, emphasizing regular consultation with business leaders to align policies with ground realities. The premier vowed to personally meet with representatives of the business community every month to incorporate their feedback into the policy-making process. 'I am hopeful our future engagements will be as meaningful and result-oriented as today's,' he added. Business-friendly policies infuse foreign investors' trust: PM The participants appreciated the government's efforts under the prime minister's leadership, especially in securing a deal with the International Monetary Fund (IMF) after a prolonged and challenging negotiation process. They termed the recently announced federal budget a 'people-friendly and pro-business' step and underlined the need for aligning policies with the demands of commerce, industry and foreign investors. They also called for expanding facilitation for exporters and investors to boost foreign direct investment (FDI). The business leaders praised the ongoing tax reforms and transparency in customs clearance systems at ports and welcomed the inclusion of private sector suggestions in the formulation of industrial development policies. Federal ministers Rana Tanveer Hussain, Muhammad Aurangzeb, Attaullah Tarar, Awais Leghari, Ali Pervaiz Malik, Shaza Fatima Khawaja, Hanif Abbasi, and Jand Anwar Chaudhry were present at the meeting. Prime Minister's Agriculture Coordinator Ahmad Umair, FBR Chairman and other senior officials also attended. Federal Budget: PM pledges more facilities for investors Briefing the participants, officials said the budget aimed to provide relief to the common man, businesses and investors while remaining within available resources. They noted Pakistan had ample potential for investment and industrial expansion, and efforts were underway to strengthen communication between the government and private sector. The business community was assured that cost-reduction measures, particularly lower power tariffs, were being accelerated to make Pakistani exports more competitive. FBR's ongoing digitization, they said, would further ease business operations and investment. Officials also highlighted progress on the privatisation of state-owned enterprises, the introduction of a modern IT ecosystem for the first time in the country's history, and the adoption of AI-driven systems in agriculture and other sectors. Consultations with the private sector, especially exporters, were being intensified to expand port operations and make Gwadar Port fully functional, they said. Prominent figures from the textile, agriculture, cement, and information technology sectors attended the meeting.


Business Recorder
15 hours ago
- Business Recorder
The Karachi building collapse
Though the Sindh government has placed the head of Sindh Building Control Authority (SBCA) under suspension following a building collapse in Karachi that claimed lives of 27 residents, it has yet to come up with a fool-proof plan aimed at forestalling the occurrence of building collapse incidents in the ongoing monsoon season in particular. Karachi, a city of teeming millions, now seems to have millions of small and tall mutlistoried structures. Needless to say, building collapses are common in the country's largest city where construction standards are either poorly enforced or not enforced at all. Cost-cutting is achieved by using substandard materials and ignoring safety regulations. The concerned regulatory department's performance is characterized by corruption, incompetence, inefficiency and lack of empathy. According to the Sindh government, there are 51 buildings in Karachi that are 'extremely fragile and should be demolished'. My questions are: why aren't they doing it already? Why are they delaying? Maimoona Sattar (Karachi) Copyright Business Recorder, 2025