KARACHI, 9 October 2024: The process of awarding a 15-year operating lease on Islamabad International Airport by the government has become controversial as one of the two bidders has not been allowed to participate in the bidding. Strong rumors are swirling of favoritism in the government’s first privatization transaction. Danish Janjua, a team member of … Read more
Caretaker Prime Minister Anwaar-ul-Haq Kakar has urged the acceleration of the privatization process for State-Owned Enterprises (SOEs) that are experiencing financial deficits. This directive was issued during a meeting with Caretaker Minister for Privatization Fawad Hassan Fawad. PM Kakar stressed the importance of privatizing these struggling SOEs as a crucial step to prevent additional financial … Read more
ISLAMABAD: Caretaker Minister for Privatization Fawad Hasan Fawad on Tuesday chaired a meeting with different stakeholders regarding the restructuring of Pakistan International Airlines (PIA) leading to a privatization process. Advisor to PM on Aviation along with key members of his team, senior management and legal and financial consultants of PIA were also present. The meeting … Read more
RIYADH: Saudi Arabia is preparing 160 privatisation deals and intends to announce more of these operations next year, Arab News quoted Saudi Finance Minister Mohammed Al-Jadaan, as saying. Speaking at the Financial Stability Conference, Al-Jadaan said while the Al-Jadaan will not be fully privatiSed as a service provider, parts of it, such as radiology, could be. He … Read more
