Tag: Privatization
-
Bilawal Bhutto not in favour of privatising PIA
Pakistan Peoples Party (PPP) chairman Bilawal Bhutto Zardari has expressed his opposition to the Shehbaz Sharif-led government’s privatisation policy for Pakistan International Airlines (PIA) and Pakistan Steel Mills (PSM). The PPP chairman said at a Labour Day event in Karachi that his party will try to convince Finance Minister Muhammad Aurangzeb to revive PIA through…
-
PIA by June, then all major airports, privatisation will mark 2024
Finance Minister Muhammad Aurangzeb announced on Saturday that the process of privatization of Pakistan International Airlines (PIA) will be completed by June this year. Islamabad airport might also be privatized shortly after. “The government has no business being in business,” the minister declared at a Saturday afternoon news briefing, explaining the government’s plan to divest…
-
Govt kickstarts privatisation process for PIA
The government, as confirmed by sources within the Prime Minister’s Office, has formally commenced the privatization procedure for Pakistan International Airlines Corp (PIA) by issuing a gazette notification.
-
PM Shehbaz foresees three-year IMF programme continuation
Prime Minister (PM) Shehbaz Sharif has indicated that the new International Monetary Fund (IMF) programme is expected to extend for three years.
-
Final hurdle cleared: Pakistan on verge of securing IMF tranche
Pakistan is on track to receive the final installment of the $3 billion standby arrangement following the country’s officials meeting the economic performance criteria outlined by the International Monetary Fund (IMF), as per reports.
-
PIA set for transformation: Federal cabinet approves privatisation, restructuring
In a significant development, the caretaker federal cabinet has granted approval for the restructuring of Pakistan International Airlines (PIA) and the privatisation of First Women Bank Limited.
-
PIA receives assurances of govt support during privatisation
Following a dire fuel crisis that significantly impacted Pakistan International Airlines (PIA) flight operations, the interim Prime Minister, Anwaar-ul-Haq Kakar, took decisive action on Monday.
-
PM Kakar pushes for speedy privatisation of financially troubled state-owned enterprises
Caretaker Prime Minister (PM) Anwaar-ul-Haq Kakar, in a meeting held on Monday, directed the relevant authorities to expedite the privatisation process of state-owned enterprises (SOEs) that are experiencing financial losses.
-
PIA to be privatised: assets, debt and staff to be transferred
Pakistan International Airlines (PIA), which has been running at a loss, has unveiled its privatisation plan. Sources indicate that this plan encompasses not only the privatisation of PIA but also the power distribution companies and the revival of Pakistan Steel Mills.
-
Rs5.1 trillion debt threatens energy sector, govt thinking about privatisation of power companies
The caretaker government is contemplating significant changes in response to mounting circular debt and losses in the power and gas sectors in Pakistan.