Latest Privatisation Headlines and News updates

Pakistan to reaffirm commitment, WB’s to support people of Pakistan

The World Bank’s Regional Vice President for South Asia, Martin Raiser, is in Pakistan to reaffirm the Bank’s commitment to support the people of Pakistan

Court acquits Shehbaz, others in Ashiana-e-Iqbal Housing reference

ECC approves Rs 423 mln TSG for Petroleum Division

The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved Rs 423.726 million technical supplementary grant (TSG) for the Public Sector Development Programme (PSDP) projects of the Petroleum Division

Privatization Minister holds meeting with management of HBFC

Caretaker Minister for Privatisation, Fawad Hasan Fawad on Monday chaired a meeting with the management of House Building Finance Company Limited (HBFC)

Fawad Hasan chairs first meeting of SIFC Working Group

Federal Minister for Privatisation Fawad Hasan Fawad on Wednesday chaired the first meeting of SIFC Working Group to discuss impediments in the development of special economic zones (SEZs) with the objective of fast-tracking industrialization

Caretaker Minister for Privatisation Fawad Hasan Fawad, FWBI financial advisor discuss impediments in privatisation process of bank

Caretaker Minister for Privatisation Fawad Hasan Fawad on Friday held a consultative meeting with financial advisor on privatisation of First Women Bank Limited (FWBL)  and discussed the timelines and impediments in the privatisation process of the bank

ECC approves updation of HS codes

Caretaker Minister for Privatisation Fawad Hassan Fawad for Privatization holds meeting with potential FAs for PIACL

Caretaker Minister for Privatisation Fawad Hassan Fawad on Monday held a meeting with potential financial advisors of Pakistan International Airlines Company (PIACL) transaction

PIA faces flight cancellations amid financial struggles

A total of 49 flights have been canceled, affecting travelers from smaller towns and distant areas, including Gwadar, Turbat, Skardu, and Gilgit, who prefer air travel for its time-saving convenience.

Chinese investment to prove stimulant for Pakistan's economic growth: PM

Caretaker Prime Minister Anwaar-ul-Haq Kakar on Monday said that the Chinese investment expected under the newly signed 20 MoUs would prove to be a stimulant for Pakistan's economic growth

Akbar Chowk flyover project to be open for traffic in November: CM

The Lahore High Court (LHC) orders release of 114 detained teachers

The Lahore High Court (LHC) on Friday ordered the release of 114 teachers, who were detained under the Maintenance of Public Order across the Punjab

French envoy calls on Privatisation Minister

Nicolas Galey, French Ambassador to Pakistan on Friday met with Caretaker Minister for Privatisation, Fawad Hasan Fawad, and discussed matters related to mutual interest

Pakistani ICT entrepreneurs calls for infrastructure upgrade, education uplift

Pakistani ICT entrepreneurs have recently called for infrastructure upgrade, regulation easing and education uplift to fully unleash the potential of Pakistan's ICT industry and sectors closely related to it

WB's S.Asia Practice Manager for Energy meets with Fawad Hasan

South Asia Practice Manager for Energy at the World Bank, Simon Stolp and his team met with the caretaker Federal Minister of Privatization, Fawad Hasan Fawad

Donald Tusk: sharp-tongued fighter who led EU through crises

Mongolia's circus performers fight to preserve their craft

Apex Committee of SIFC reviews various initiatives for Pakistan’s economic recovery

The ministries apprise the forum about the practical steps undertaken during the last one month to improve business and investment environment in the Country.

SIFC Apex Committee reviews major macro-economic issues

The apex committee of Special Investment Facilitation Council (SIFC) on Wednesday reviewed major macro-economic issues affecting the investment climate including inordinate delays in restructuring/ privatisation of cash bleeding state owned enterprises (SOEs)

Mutation deed of FBR land handed over to buyers

Caretaker Minister for Privatisation Fawad Hassan Fawad on Friday met Sohail Ilahi, CEO Kiran Builders & Developers (Pvt) Limited and handed over the mutation deed of the Federal Board of Revenue (FBR) land situated in Faisalabad

Matters regarding restructuring of PIA discussed

Caretaker Minister for Privatisation Fawad Hasan Fawad on Tuesday chaired a meeting with different stakeholders regarding restructuring of Pakistan International Airlines (PIA) leading to a privatisation process

Fawad Hassan Fawad calls on PM Kakar

Caretaker govt adopts holistic approach to revive economy: Shamshad

Caretaker Federal Minister for Finance, Revenue, Economic Affairs and Privatisation Dr Shamshad Akhtar Friday said the caretaker government had adopted a holistic approach to address the pressing issues being faced by the economy and develop a roadmap with an aim to augment the macroeconomic management

PM for widening tax net, swift privatisation of loss-making SOEs

Caretaker Prime Minister Anwaar-ul-Haq Kakar on Wednesday, reiterating his government's priority to widen the tax net, instructed all the relevant departments to work collectively for bringing in tax reforms