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PIA plane tire bursts, but no passengers are hurt.

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When the aircraft’s tires ruptured after takeoff, a Pakistan International Airlines (PIA) flight from Dubai to Multan encountered a technical problem. This unanticipated issue led the flight, carrying 172 people, to cancel its takeoff.

According to the PIA spokesperson, an engine issue signal was received as the Airbus A320 was accelerating on the runway. The airplane came to a safe stop when the pilot used the emergency brake system.

But all of the tires ruptured due to the abrupt braking, thus for everyone’s safety, the passengers had to be moved right away to the airport lounge.

In order to address and fix the technical issue, the PIA engineering department sent a crew from Karachi to Dubai on a flight that is scheduled for tonight, which falls between Monday and Tuesday.

The national flag carrier’s management has made plans for the impacted passengers in the interim. While some would be flown from Sharjah to Multan, others will be accommodated on PIA flight PK 204 from Dubai to Lahore tonight.

It is important to note that the Pakistani government intends to privatize Pakistan International Airlines (PIA). According to ARY News on Thursday, the Privatization Commission recently decided to extend the deadline for submission of bids for PIA’s privatization by one month, to October 31, 2024.

The deadline for paying advance money has been pushed to October 28, 2024, and as a result of the extension, the draft agreement is now scheduled to be signed on October 25, 2024.

Companies interested in privatizing PIA are taken aback by the abrupt decision to extend the deadline for bids.

Aviation insiders caution that the privatization process may suffer as a result of this prolongation.

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Irfan Siddiqui meets with the PM and informs him about the Senate performance of the parliamentary party.

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The head of the Senate’s Foreign Affairs Standing Committee and the PML-N’s parliamentary leader paid Prime Minister Muhammad Shehbaz Sharif a visit in Islamabad.

Senator Irfan Siddiqui gave the Prime Minister an update on the Parliamentary Party’s Senate performance.

Additionally, Senator Irfan Siddiqui gave the Prime Minister an update on the Senate Standing Committee on Foreign Affairs’ performance.

He complimented the Prime Minister on his outstanding efforts to bring Pakistan’s economy back on track and meet its economic objectives.

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SIFC Increases Direct Foreign Investment: Investment in the Energy Sector Rises by 120%

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The Special Investment Facilitation Council is intended to help Pakistan’s energy sector attract $585.6 million in direct foreign investment in 2024–2025. The amount invested at the same time previous year was $266.3 million.

This is a notable 120% rise, mostly due to investments in gas exploration, oil, and power. Such expansion indicates heightened investor confidence and emphasizes the development potential in important areas.

The State Bank reports that foreign investment in other vital industries has increased by 48% to $771 million.

This advancement is a blatant testament to SIFC’s efficient investment procedure and quick project execution.

The purpose of the Special Investment Facilitation Council is to establish Pakistan as an investment hub by aggressively promoting regional trade and investment in the energy sector and other critical industries.

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Speaking to a press conference, Marriyum Aurangzeb says the PML-N government has restored the trust of investors.

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According to Marriyum Aurangzeb, senior Punjab minister, the PML-N government has won back the trust of investors by making strides in a number of areas, including agriculture.

Marriyum Aurangzeb, speaking at a press conference in Lahore, emphasized the Punjab government’s initiatives to bring about major changes in the province, particularly in Lahore.

Marriyum Aurangzeb stated that in order to guarantee sustainable growth, the master plan for Lahore has been completed, and plans of a similar nature are being worked on for other districts.

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