PakCover

Somalia is negotiating with Pakistan to purchase up to 24 JF-17 Thunder Block III fighter jets, with a defence deal worth approximately Rs2.51 trillion (around $900 million) currently under consideration.

According to media reports, high-level talks have accelerated as Mogadishu seeks to acquire modern combat aircraft to rebuild its air combat capabilities for the first time since the collapse of the state in 1991. The proposed agreement reportedly focuses on the advanced Block III variant of the JF-17 Thunder.

The multi-phase defence package is said to include not only the aircraft but also pilot training, weapons integration, and a comprehensive logistics support arrangement.

Federal Interior Minister Mohsin Naqvi has ordered the Capital Development Authority (CDA) to finish a feasibility study for an electric tram system in Islamabad within three months. This came during the opening of a new electric bus depot and charging stations at Zero Point.

Officials told the minister that the CDA has hired the National University of Sciences and Technology (NUST) to do the study. The tram would run on two main routes: from Islamabad International Airport to Lake View Park and from Rawat to Lake View Park.

Fauji Cement Company Limited (FCCL) and Kot Addu Power Company Limited (KAPCO) have launched a public offer to acquire about 10.95 million shares (~7.97%) of Attock Cement Pakistan Limited at Rs 330.41 per share.

The offer is part of a broader deal — after a sale agreement with Pharaon Investment Group — giving the two companies 84.06% combined stake and potential joint control nearing 92% if the offer is fully subscribed.