Year: 2026

Trans Global Projects Strengthens UK Market Presence with Senior Logistics Appointment

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Sevenoaks, United Kingdom: Trans Global Projects (TGP) has strengthened its commercial capabilities in the United Kingdom with the appointment of Richard Jones, who will lead business development activities across the UK market. Richard Jones brings more than 30 years of experience in project logistics, freight forwarding, and supply chain management, with extensive expertise in managing complex, technically demanding, and schedule-critical international projects. His career combines senior commercial leadership with practical project execution and chartering experience, enabling a realistic and delivery-focused approach to logistics planning. He holds an MBA in Shipping…

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S&P Global Expands $10 Million StepForward Initiative to Build AI-Era Skills

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Karachi: S&P Global have expanded their three-year, $10 million StepForward initiative aimed at preparing young people with the skills required to thrive in an AI-driven workforce. Launched in December 2025, the initiative supports organizations delivering innovative workforce readiness and AI education programs worldwide. Through global and regional collaborations, alongside skills-based volunteering by S&P Global employees, the program seeks to empower youth with future-ready capabilities. Mujeeb Zahur said that Urdu AI will play a key role in providing accessible AI literacy training through mobile-friendly courses and workshops in Urdu. The initiative…

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Privatisation Commission Board Reviews Progress on First Closing of PIACL Privatisation Transaction

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PIA-Airlines

The Privatisation Commission (PC) Board, in its 252nd meeting held today under the chairmanship of Mr. Muhammad Ali, Adviser to the Prime Minister on Privatisation, reviewed the progress on the first closing of the privatisation transaction of Pakistan International Airlines Corporation Limited (PIACL). During the meeting, the Financial Adviser briefed the Board on the progress achieved towards the fulfilment of the conditions precedent outlined in the Share Purchase and Subscription Agreement (SPSA), including key regulatory, financial, and transactional requirements necessary for completion of the first closing. The Board expressed satisfaction…

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K-Electric Urges Public to Observe Electrical Safety During Eid-ul-Azha

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K-Electric

May 19, 2026: As Eid-ul-Azha approaches, K-Electric (KE) urges citizens to adopt essential safety measures and strictly refrain from using electrical infrastructure to tie sacrificial animals. The power utility emphasises that animals should not be tied near electricity poles, transformers, wires, or any other electrical installations, as proximity to such infrastructure poses serious risks of electrocution and injury. KE further advises residents to avoid use of water while washing sacrificial areas near electrical installations. Citizens are also urged to refrain from hanging decorative lights, ropes, or temporary animal enclosures on…

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Pakistan’s Offshore Frontier Reopens After Nearly Two Decades; Government Signs Production Sharing Agreements and Exploration Licences for Offshore Blocks

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New-Project96

Islamabad, May 20, 2026. Federal Minister for Petroleum Mr. Ali Pervaiz Malik today witnessed the signing ceremony of Production Sharing Agreements (PSAs) and Exploration Licences (ELs) for offshore exploration blocks awarded under the Offshore Bid Round 2025, marking the formal reopening of Pakistan’s offshore frontier after nearly two decades. The awarded blocks are located in the Indus and Makran offshore basins adjoining the territorial waters of Sindh and Balochistan. The Offshore Bid Round 2025 attracted bids covering approximately 54,600 square kilometres of Pakistan’s offshore area, resulting in the award of…

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