Tag: Privatisation
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Finance Minister unveils economic plan to slash expenditures and boost revenues
Federal Finance Minister Senator Muhammad Aurangzeb reiterated the government’s dedication to reducing expenditures and boosting revenues in a bid to fortify Pakistan’s economy sustainably.
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PM includes Dar in CCI instead of Aurangzeb
Prime Minister Shehbaz Sharif reconstituted the Council of Common Interests (CCI) on Friday, notably replacing Finance Minister Muhammad Aurangzeb with Foreign Minister Ishaq Dar. The PM is heading the CCI which constitutes the chief ministers of all four provinces. Interestingly, this is the first time in the history of the council that a Foreign Minister…
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PIA’s privatisation plan gets nod from Cabinet Committee
In a significant development aimed at reviving the fortunes of Pakistan International Airlines (PIA), the Cabinet Committee on Privatisation (CCoP) has given its unanimous approval for the privatisation of the national carrier. The decision was reached during a recent session of the Cabinet Committee on Privatisation, chaired by Finance Minister Senator Ishaq Dar.
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Trump interested in buying PIA-owned luxurious New York hotel govt wanted to sell
United States (US) President Donald Trump had expressed interest in acquiring the Pakistan International Airlines’ (PIA) Roosevelt Hotel in New York, it was revealed on Wednesday during a meeting of the National Assembly’s Standing Committee on Privatisation. The 19-storey hotel with 1,025 rooms plus allied facilities in New York City, with some of the suites…