UNITED NATIONS: Pakistan has expressed hope that the US-Taliban talks, which were abruptly suspended over the weekend, would soon resume and open the way for intra-Afghan negotiations that would lead to a peaceful settlement of the long-drawn conflict in Afghanistan.
“We hope the suspension of the peace talks is only a pause and will resume sooner rather than later as the alternative is a surge in violence, which could push Afghanistan into even more turbulent and uncertain phase than has been witnessed so far,” Ambassador Maleeha Lodhi told the UN Security Council, while assuring of Pakistan’s role as a facilitator of the Afghan peace process.
Speaking in a debate on the situation in Afghanistan, she said Pakistan had always condemned violence and called for all sides to exercise restraint and to remain committed to the peace process out of its belief that there was no military solution to the Afghan conflict.
Pakistan urges early resumption of Afghan peace talks
Pakistan urges early resumption of Afghan peace talks
- Says no military solution to Afghan conflict
- A lull in peace talks will only lead to surge in violence, says Islamabad’s permanent envoy to UN
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.
