ISLAMABAD: Pakistan on Tuesday condemned the firing of ballistic missiles by Yemen’s Iran-aligned Houthis towards Makkah province.
Saudi Arabia said on Monday that it had intercepted two missiles in Makka province fired by Houthis.
A foreign office statement on Tuesday commended “vigilant Saudi defence forces for intercepting the missiles.”
“Pakistan reaffirms its solidarity with Saudi Arabia and reiterates its support against any threat to the security of the Kingdom,” the statement said.
A Saudi coalition spokesman said, “Royal Saudi Defence Forces spotted aerial targets flying through restricted areas in the provinces of Jeddah and Taif and dealt with them as required by the situation,” according to Saudi’s state news agency SPA.
In a tweet, Saudi Arabia’s embassy in Washington said the two missiles had been intercepted in Mecca province, which includes Jeddah and Taif.
Al Arabiya TV, citing eyewitnesses, reported earlier on Monday that air defense forces had intercepted two ballistic missiles above the two western cities of Jeddah and Taif and said the first one had been directed toward Mecca, without providing evidence.
Pakistan condemns firing of ballistic missiles towards Makkah
Pakistan condemns firing of ballistic missiles towards Makkah
- Commends Saudi defense forces for intercepting attack
- Pakistan reaffirmed its solidarity with KSA and reiterates its support against any threat to its security
IMF hails Pakistan privatization drive, calls PIA sale a ‘milestone’
- Fund backs sale of national airline as key step in divesting loss-making state firms
- IMF has long urged Islamabad to reduce fiscal burden posed by state-owned entities
KARACHI: The International Monetary Fund (IMF) on Saturday welcomed Pakistan’s privatization efforts, describing the sale of the country’s national airline to a private consortium last month as a milestone that could help advance the divestment of loss-making state-owned enterprises (SOEs).
The comments follow the government’s sale of a 75 percent stake in Pakistan International Airlines (PIA) to a consortium led by the Arif Habib Group for Rs 135 billion ($486 million) after several rounds of bidding in a competitive process, marking Islamabad’s second attempt to privatize the carrier after a failed effort a year earlier.
Between the two privatization attempts, PIA resumed flight operations to several international destinations after aviation authorities in the European Union and Britain lifted restrictions nearly five years after the airline was grounded following a deadly Airbus A320 crash in Karachi in 2020 that killed 97 people.
“We welcome the authorities’ privatization efforts and the completion of the PIA privatization process, which was a commitment under the EFF,” Mahir Binici, the IMF’s resident representative in Pakistan, said in response to an Arab News query, referring to the $7 billion Extended Fund Facility.
“This privatization represents a milestone within the authorities’ reform agenda, aimed at decreasing governmental involvement in commercial sectors and attracting investments to promote economic growth in Pakistan,” he added.
The IMF has long urged Islamabad to reduce the fiscal burden posed by loss-making state firms, which have weighed public finances for years and required repeated government bailouts. Beyond PIA, the government has signaled plans to restructure or sell stakes in additional SOEs as part of broader reforms under the IMF program.
Privatization also remains politically sensitive in Pakistan, with critics warning of job losses and concerns over national assets, while supporters argue private sector management could improve efficiency and service delivery in chronically underperforming entities.
Pakistan’s Cabinet Committee on State-Owned Enterprises said on Friday that SOEs recorded a net loss of Rs 122.9 billion ($442 million) in the 2024–25 fiscal year, compared with a net loss of Rs 30.6 billion ($110 million) in the previous year.
