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The Privatisation Commission (PC) signed on Thursday a financial advisory services agreement (FASA) with a M&A (mergers and acquisitions) advisory firm Raiffeisen Investment for private sector participation through the privatisation of two electricity distribution companies, according a PC statement. The agreement is expected to pave the way for the privatisation of Hyderabad Electric Supply Company (HESCO) and Sukkur Electric Power Company (SEPCO). Struggling PIA: Govt says 75% shares to be privatised The agreement was executed on November 27, 2025 in Islamabad. “Raiffeisen Investment was the top-ranked Financial Adviser (FA), which was selected through a competitive process from among the financial…

The US dollar headed for its biggest weekly decline in four months on Thursday, as investors increased their bets on further monetary easing amid growing pressure from President Donald Trump for the Federal Reserve to cut interest rates.   The Japanese yen rose 0.11% to 156.27 per dollar, supported by a more hawkish tone from several Bank of Japan officials.   With US markets closed for the Thanksgiving holiday, thin liquidity amplified intraday price swings.   Francesco Pesole, FX strategist at ING, said: “This may be an attractive environment for Japanese authorities to intervene in USD/JPY.”   He added that…

A total of 19 Pakistani companies showcased their beauty and personal care products at the Beauty West Africa exhibition, the Commerce ministry said on Thursday. Rana Ihsaan Afzal Khan, Coordinator to the Prime Minister on Commerce, inaugurated the Pakistan Pavilion at the expo, one of the continent’s largest trade events. The pavilion, organised by the Trade Development Authority of Pakistan (TDAP) under the Commerce ministry, featured 19 leading Pakistani companies presenting a wide range of beauty and personal care products, the ministry said. Commerce minister inaugurates FoodAg 2025 expo featuring 500 exhibitors in Karachi During the visit, the coordinator also…

Mounting corruption scandals and an impeachment push have prompted calls for the Philippine president and vice-president to resign, with legal experts saying a little-known constitutional clause provides for a snap election to be called if the roles are vacated at the same time.A growing chorus from civil society groups and politicians is urging President Ferdinand Marcos Jnr and Vice-President Sara Duterte-Carpio to step down, with Marcos accused by a political veteran of playing a leading role in the multibillion-peso flood-control corruption scandal and Duterte-Carpio continuing to face impeachment calls for purportedly misusing confidential funds and threatening senior officials.Bayan, or Bagong…

The Competition Commission of Pakistan (CCP) and the Federal Antimonopoly Service (FAS) of the Russian Federation signed a memorandum of understanding (MoU) to enhance bilateral cooperation in the field of competition policy, according to a CCP statement on Thursday. The MoU was signed by CCP chairman Kabir Ahmed Sidhu and FAS Deputy Head Mr Andrey Tsyganov during the 10th session of the Russia–Pakistan Intergovernmental Commission on Trade, Investment, Scientific and Technical Cooperation. “The signing marks a significant step toward deepening institutional coordination, promoting fair market practices, and strengthening economic ties between the two countries,” the CCP said. CCP, DRAP ink…

China will not seek a nuclear arms race and opposes the United States’ deployment of offensive missiles in Asia, according to Beijing’s latest white paper on nuclear policy.The paper – titled “China’s Arms Control, Disarmament and Non-Proliferation in the New Era” – updates the previous 2005 version of the document.In the white paper released on Thursday, Beijing said it had consistently kept its nuclear forces at the minimum level required for national security.Beijing has long underscored its “no first-use” nuclear policy, and has pledged to unconditionally refrain from using nuclear weapons against non-nuclear states or in nuclear-free zones. 02:37Trump orders…

LONDON (AP) — The British government welcomed the news Thursday that net migration in the U.K., the difference between those moving to the country long-term and those leaving, fell by more than two-thirds in the year to June, but insisted that the figure must fall further in order to ease tensions within communities.The Office for National Statistic said net migration fell 69% to a four-year low of 204,000 in the year to June 2025 from 649,000 the year before largely because fewer people from outside the European Union arrived in the U.K. for work or to study, along with an…

Federal Minister for Energy Sardar Owais Ahmad Khan Leghari said on Thursday Pakistan was rapidly increasing its share of low-cost renewable energy, while acknowledging that several power-sector agreements signed with Independent Power Producers (IPPs) in the past “were not transparent”. Speaking at a seminar organised by the Pakistan Business Council (PBC), the minister said the government was implementing a comprehensive set of reforms for the first time with a long-term policy direction for the energy sector. “We have identified 28 major reforms, and results will start becoming visible soon,” he said. Leghari said around 19,000 megawatts of solar power was…

Kelly Zong Fuli, daughter of the late Chinese soft drinks billionaire Zong Qinghou, has stepped down as legal representative, chairwoman and general manager of Wahaha Group, a year after taking over.Zong was succeeded by Xu Simin, formerly the head of the legal department at an associated company, according to the latest corporate filings on the mainland. She retains her 29 per cent stake in the group.The 43-year-old took over the beverage empire – known as China’s Coca-Cola – after her father died last year.She also reportedly cut the salaries of many long-term executives and employees.The three half-siblings – Jacky Zong,…

The Quark AI Glasses, named after the company’s Quark AI assistant, include three versions each of the series’ flagship S1 model and the lightweight G1 model. Alibaba owns the South China Morning Post.“AI glasses are the intelligent devices that truly usher in a revolution in human-computer interaction in the AI era,” Alibaba vice-president Wu Jia said at the product launch. “In this respect, their importance is no less than that of mobile phones.”With prices starting at 3,799 yuan (US$537), the S1 has a dual-chip system that features Qualcomm’s Snapdragon AR1 processor and a low-power coprocessor. This model provides “intelligent, hands-free…