Wednesday, February 19, 2025

Pakistan Launches Ambitious 5-Year Privatization Strategy

-

The Pakistan government has unveiled an ambitious five-year privatization strategy for 2024-2029, targeting 24 institutions across three phases.

In the first year, ten entities will be privatized, including Pakistan International Airlines (PIA), the Roosevelt Hotel in New York, and the Agricultural Development Bank.

The plan also includes Sindh Engineering Limited and several power distribution companies.

The second phase will focus on 13 institutions, such as Utility Stores Corporation and multiple electric supply companies. The final phase will aim to privatize one more entity.

Finance Minister Muhammad Aurangzeb reaffirmed the commitment to complete PIA and three power distribution company privatizations by the end of 2024.


LATEST POSTS

Jazz’s Tamasha to Stream ICC Champions Trophy 2025 Live in Pakistan

ISLAMABAD – Feb 18, 2025: Tamasha, Pakistan’s leading digital entertainment platform by Jazz, is set to bring the ICC...

PM Shehbaz Welcomes World Bank’s $40 Billion Investment in Pakistan

In a major boost for Pakistan's economy, Prime Minister Shehbaz Sharif has hailed the World Bank’s $40 billion investment...

PIA-The Sky-High Official Partner of Champions Trophy 2025!

Pakistan International Airlines (PIA) has been given a prestigious role in the Champions Trophy 2025, ensuring seamless travel for...

Most Popular