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Pakistan plans broader privatization push, eyes power utilities this year

  • Considerably high losses, inefficiencies and mounting subsidies in power sector have dented Pakistan’s public finances
  • Finance Minister Muhammad Aurangzeb says 26 state-owned entities have been handed over to Privatization Commission
By Arab News Pakistan ·

Pakistan’s PIA enters into cargo deal with Air France-KLM to boost exports

By Ismail Dilawar ·
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PIA owner says airline in talks with Boeing as privatization deal formally concludes

By Hasaan Ali Khan ·

Pakistan to press ahead with privatization after $441 million net loss in FY2024-25

By Ismail Dilawar ·
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New PIA owner plans more GCC flights, lower airfares

By Ismail Dilawar ·
Special video

New PIA owner promises fresh takeoff, fleet expansion and service revamp

By Ismail Dilawar ·

PIA denies social media claim its entire flight crew went missing abroad

By Hasaan Ali Khan ·

PIA says unaffected by Airbus recall as global airlines race to fix software glitch

By NAIMAT KHAN ·

PIA launches probe after flight attendant fails to board Toronto-Lahore flight

By NAIMAT KHAN ·

Pakistan seeks deeper Saudi, US investment ties at IMF-World Bank meetings

By Ismail Dilawar ·

PIA to resume two weekly flights to UK from Oct. 25 — Pakistan minister

By NAIMAT KHAN ·
Special video

Pakistan says Roosevelt Hotel’s base valuation complete, will decide on transaction structure this month

By Mehreen Zahra-Malik ·

Five groups submit qualification documents in Pakistan’s renewed push to privatize PIA

By Ismail Dilawar ·

Latest updates

Pakistan cancels Republic Day parade amid Gulf oil crisis, austerity measures
Philippines hands out cash aid to public transport workers as fuel prices soar
Pakistan approves overhaul of agricultural research body to boost food security
Hira Cultural District offers pilgrims a deeper look at Islamic history
Archaeological site in north of Kingdom provides evidence of human settlement 13,500 years ago

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