Privatization
Standing Committee Reviews AMI Meter Installations, SEPCO Reforms Under Consideration
Progress on power sector reforms came under review as the Standing Committee on Privatization was briefed on advanced metering projects and future plans for struggling…
Standing Committee Flags Gaps in PIA Privatization Briefing, Seeks Full Clarity
The Standing Committee on Privatization has sought a detailed and comprehensive briefing on the privatization of Pakistan International Airlines (PIA), citing the need for greater…
Arif Habib Group Plans Fleet Expansion, Revamp PIA Operations
Pakistan International Airlines (PIA) is set for a major transformation following its privatization, with plans to renovate aircraft, improve punctuality, and expand the fleet to…
PIA Engineers Deny Strike as Flight Delays Leave Passengers Stranded
The Pakistan International Airlines (PIA) is facing mounting challenges in maintaining its flight schedule, with multiple delays attributed by the airline to what it calls…
PAF to Take Over PIA Subsidiary Under Restructuring Plan
The PIA Holding Company Limited (PIAHCL) has approved the transfer of its subsidiary, Precision Engineering Complex (PEC), to a new entity owned by the Pakistan…
UAE Firm Completes Rs4.1 Billion Acquisition of First Women Bank
UAE’s International Holding Company (IHC) has completed the Rs4.1 billion acquisition of First Women Bank, marking a major step in Pakistan’s privatization drive. The deal,…
Cabinet Approves Sale of First Women Bank to UAE Investor
The federal cabinet has approved the sale of First Women Bank to a UAE investor for $14.6 million (Rs4.1 billion), marking the first privatization under…
Govt Moves Forward with First Women Bank Limited Privatisation
The federal government has taken another key step in the First Women Bank Limited privatisation process as the Privatisation Commission (PC) Board recommended a reference…
Govt to Engage Global Experts for Faster SOE Privatisation
Prime Minister Shehbaz Sharif has instructed the Privatisation Commission to engage internationally recognised experts to accelerate the privatisation of state-owned enterprises (SOEs). He stressed that…
‘Over 450,000 Jobs Lost Due to Privatisation in Pakistan’
Labour unions and civil society representatives have revealed that privatisation in Pakistan has resulted in the loss of over 450,000 jobs over the past two…
PIA Privatisation Expected by November
A parliamentary committee was informed on Monday that PIA privatisation is expected to be completed by November this year, with four companies currently in the…
KP College Privatization Plan to Hand Over 55 Public Institutions
Following the privatization of 1,500 schools earlier this year, the provincial government is now preparing for the next phase with a plan for KP college…
Utility Stores Corporation Undergoing Significant Restructuring
Islamabad: On Tuesday, the Senate Standing Committee on Industry and Production was briefed about the current status of the Utility Stores of Pakistan Corporation. The…
