Pakistan’s Punjab province to hold inaugural legislative session on Friday, Sindh on Saturday 

Pakistani rangers stand guard outside the provincial assembly during the Chief Minister of Punjab vote, in Lahore, Pakistan, on April 16, 2022. (AFP/File)
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Updated 22 February 2024
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Pakistan’s Punjab province to hold inaugural legislative session on Friday, Sindh on Saturday 

  • PML-N candidate Maryam Nawaz Sharif is expected to take over as the first female chief minister of Punjab on Friday
  • Punjab Assembly’s session has been called by governor after Sharif’s first parliamentary party meeting on Wednesday

ISLAMABAD: The post-election wheeling-dealing in Pakistan’s most populous Punjab province reached its culmination on Thursday after Governor Muhammad Baligh-ur-Rehman summoned the inaugural session of the legislative assembly for the oath-taking ceremony tomorrow.

The governor called the session only a day after the Pakistan Muslim League-Nawaz (PML-N) held a parliamentary party meeting under the leadership of Maryam Nawaz Sharif who is expected to take charge as the first female chief minister of the province soon.

The PML-N emerged as the largest party in the Punjab Assembly in the wake of the last general elections held earlier this month. According to media analyzes, the party is in a comfortable position to form the next provincial administration after its parliamentary party meeting was attended by well over 200 newly elected lawmakers.

“In exercise of the powers conferred under Article 109 read with Article 130(2) of the Constitution of the Islamic Republic of Pakistan, I, Muhammad Baligh-ur-Rehman, Governor of the Punjab, hereby summon Provincial Assembly of the Punjab to meet on 23rd February 2024 (Friday) at 10:00 am, in the Provincial Assembly Chambers Lahore,” said the short order circulated by the Governor’s House.

A party requires 186 members to form the government in Punjab. The PML-N that won 137 seats has been joined by about two dozen independent members and is likely to bag a significant number of reserved seats.

Punjab holds a pivotal position in Pakistan’s politics due to its population density that gives it 141 out of 266 general seats in the National Assembly.

Historically, the party that secures a stronghold in Punjab often manages to form the government at the center.

The PML-N’s candidate for the position of chief minister, Sharif plans to set new governance benchmarks and shared her vision for the province during the parliamentary party meeting only a day earlier.

Separately, Sindh Governor Muhammad Kamran Khan Tessori issued an order summoning the inaugural session of the provincial assembly on Saturday, Feb. 24, at 11:00 a.m.

“In exercise of the powers conferred upon me under clause (a) of Article 109 of the Constitution of the Islamic Republic of Pakistan,1973 and other provisions enabling me in this behalf, I, Muhammad Kamran Khan Tessori, Governor of Sindh, hereby summon the Provincial Assembly of Sindh to meet on Saturday the 24th day of February 2024 at 11.00 a.m. at the Sindh Assembly Building. Karachi,” the order read. 


IMF hails Pakistan privatization drive, calls PIA sale a ‘milestone’

Updated 52 min 54 sec ago
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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.