Privatization

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…

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’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,…

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…

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…

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…

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…

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…

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…

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…