Precision Engineering Complex News Today

Says it won’t have impact on market, describes Holdco’s business as real estate

ISLAMABAD: The caretaker federal cabinet has approved the restructuring of Pakistan International Airlines and the...

ISLAMABAD: The federal cabinet on Tuesday approved restructuring of the Pakistan International Airlines to bifurcate the national flag carrier into two entities.The federal cabinet took the crucial...

National flag carrier would be divided into two companies — TopCo and HoldCo

Cabinet approves privatisation of First Women Bank.

Directs special panel to iron out differences over impact of airline’s bifurcation

Minister for Privatisation Fawad Hasan Fawad, who moved the summary, informed the cabinet that such a step would result in attracting investors towards PIA.

Cabinet told PIA to be bifurcated into two companies namely TopCo and HoldCo, measures to help attract investors.

Cabinet approves restructuring of PIA

The high-tech startup industry in Pakistan is facing many challenges. Some of these challenges are because of government policies. A case in point: we run a company, Aero Engine Craft Ltd, which is Pakistan’s first aerospace R&D startup that is developing environmentally safe contrail-free aircraft engines for the global aviation industry. A deep-tech startup like ours needs infrastructure and it has to be grounded at a location. Unlike IT startups, they cannot relocate to the Silicon Valley...