In Karachi, the interim government has made significant strides towards securing an additional financial assistance plan for Pakistan International Airlines (PIA), the national flag carrier, which is grappling with a severe financial crisis, as reported by ARY News on Wednesday. According to ...

The Commission for Privatization has halted PIA from entering into any new contracts. According to sources, the process of PIA's privatization will be completed by February. It is stated that PIA will not engage in any long-term contracts until March 2024. It has also been disclosed that PIA has ...

The Special Investment Facilitation Council (SIFC) has unveiled an ambitious plan to harness the power sector's potential by initiating nine projects with an estimated combined investment of $6.87 billion. These projects are set to be offered to investors through Government-to-Government (G2G) ...

Caretaker Prime Minister Anwaarul Haq Kakar, during a meeting discussing the privatisation of the loss making Institutions in Pakistan. The concerned authorities and departments were told to accelerate the process in this regard. PM Kakar also urged the fulfillment of legal obligations to ...

LAHORE: Federal Minister for Privatization Muhammad Mian Soomro on Monday said that the government likely to earn 100 billion rupees with privatization of the state owned entities in this fiscal year. In a meeting, privatization minister said that preliminary work initiated for privatization of ...

ISLAMABAD: The Ministry of Privatisation has confirmed that 21 out of 26 unused state properties were auctioned following the directives of Prime Minister Imran Khan. The spokesperson of the Ministry of Privatisation said in a statement that the auction process of unused state properties is ...

LAHORE: Pakistan Steel Mills, Mari Gas Field and Convention Centre Islamabad have been among he state-owned entities that will be privatized, quoting privatization minister Muhammad Mian Soomro. Federal Minister for Privatization Muhammad Mian Soomro was talking to media here in a ...

ISLAMABAD - Prime Minister Imran Khan has said privatization of state enterprises, burdening the government exchequer, is in the national interest. He was speaking at a briefing in Islamabad today about capacity building of state enterprises under being run under the ministry of industries. The ...

ISLAMABAD - The 8th meeting of Transaction Committee for Privatization and National Power Parks Management Company Limited (NPPMCL) on Monday held to discuss the progress in relation to a range of matters in connection with proposed privatization of two power plants, Haveli Bahadarshah and ...

ISLAMABAD - Pakistan government offers Multi Billion dollars privatization deals. The Privatization Commission Board (PCB), headed by Minister of Privatization, Mohammad Mian Soomro, has pre-qualified 12 firms to bid for 2 multi-billion dollar LNG-fired power plants. The National Power Parks ...