Pakistan’s unseeded Asim Khan wins Charlottesville Open squash tournament 

An undated file photo of Pakistan’s squash star Muhammad Asim Khan. (Radio Pakistan)
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Updated 29 September 2024
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Pakistan’s unseeded Asim Khan wins Charlottesville Open squash tournament 

  • Khan beats England’s Nick Wall 3-1: 12-14, 12-10, 11-5 and 11-6 to win championship
  • Pakistani squash star defeated second and fifth seeds to qualify for final against Wall

ISLAMABAD: Pakistan’s squash star Muhammad Asim Khan defeated England’s defending champion Nick Wall to win the Charlottesville Open tournament on Sunday, making it his maiden PSA Tour World events title. 

Khan’s impressive run in the tournament began after he beat Brazil’s Diego Gobbi in the first round of the tournament before upsetting second seed Yahya Elnawasany in the last eight. He then beat fifth seed Cesar Salazar in the semifinals to secure a berth in the final against Wall. 

In the final, Khan downed Wall 3-1: 12-14, 12-10, 11-5 and 11-6 to lift the trophy. 

“I didn’t expect any of this,” Khan said after the match. “I’ve been playing squash for the last few years – four or five years – and I was struggling a lot, not winning any matches in big tournaments like this.”

Khan said he was confident heading into the match after beating the second seed. He praised Wall for being “an experienced player and a very skillful player.”

“I tried to move him to the front court and the back court and I’m happy that I managed to do that,” Khan said. 

Pakistan has always been counted among the world’s top squash-playing nations, introducing legendary players of the sport such as Jahangir Khan, Jansher Khan, Azam Khan, and Qamar Zaman to the world. 

Between themselves, Jansher Khan and Jahangir Khan won the World Squash Open title 14 times for Pakistan during the ‘80s and the ‘90s.


Pakistan PM calls privatization top priority, discusses selling power firms after PIA stake sale

Updated 07 January 2026
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Pakistan PM calls privatization top priority, discusses selling power firms after PIA stake sale

  • Government plans to privatize five electricity distributors as part of IMF-backed economic reforms
  • Last year, a consortium led by Arif Habib Group won the bid for a 75 percent controlling stake in PIA

ISLAMABAD: Prime Minister Shehbaz Sharif described the privatization of state-owned enterprises (SOEs) as his administration's top priority on Tuesday, as he discussed the sale of loss-making power distribution companies after the government successfully divested a 75 percent stake in Pakistan International Airlines (PIA) in December.

The push to privatize power utilities follows the government’s efforts to restructure and offload state firms under broader economic reforms recommended by the International Monetary Fund (IMF) under a $7 billion loan program with Pakistan.

The IMF has repeatedly urged Islamabad to reduce fiscal losses by privatizing or restructuring chronically loss-making SOEs.

“Privatization of loss-making state-owned enterprises is among the government’s top priorities,” the prime minister said, according to a statement released by his office after a meeting on privatization. “The successful privatization of 75 percent shares of PIA is the first drop of rain.”

Last month, a consortium led by the Arif Habib Group won the bid for a 75 percent controlling stake in the national flag carrier, offering Rs 135 billion ($482 million) in a transaction the government described as a milestone in its privatization drive.

Building on that momentum, officials said the Privatization Commission plans to divest electricity distribution companies in two batches. The first phase will include Islamabad Electric Supply Company, Gujranwala Electric Power Company and Faisalabad Electric Supply Company, followed by Hyderabad Electric Supply Company and Sukkur Electric Power Company in the second batch.

Prime Minister Shehbaz Sharif also directed the commission to accelerate digitalization and strengthen its public relations and marketing functions to improve transparency, governance and engagement with investors, according to the statement.

The power sector has long been a drain on public finances due to high losses, inefficiencies and mounting subsidies, making it a central focus of Pakistan’s reform agenda under the IMF program.

Prior to the PIA sale, the United Arab Emirates-based International Holding Company acquired a majority stake in First Women Bank Limited under a government-to-government privatization deal.

That transaction was finalized in October 2025, with Pakistani and UAE officials attending the signing ceremony.