Pakistan has unveiled a broader privatization plan for its state-owned enterprises, Prime Minister Shehbaz Sharif announced on May 14. The plan includes the privatization of all state-owned enterprises, except for strategic entities. This move aims to address the financial challenges faced by the country. Notably, the loss-making Pakistan International Airlines will be among the entities to be privatized. The announcement came a day after talks with the International Monetary Fund (IMF) began. The Prime Minister chaired a review meeting on matters related to the Ministry of Privatization and Privatization Commission in Islamabad.
Cash-strapped Pakistan will privatise all state-owned enterprises, including the loss-making Pakistan International Airlines, Prime Minister #ShehbazSharif announced on May 14. https://t.co/PL43ETg4nD
#Pakistan will privatize all state-owned enterprises, with the exception of strategic entities, Prime Minister Shehbaz Sharif announces, broadening its initial plans to take only loss-making state firms private. https://t.co/STbSqcKDEy
Fire Sale Pakistan! All State Assets To Be Sold - One Day After IMF Talks Begin... "Whether in profit or loss," all of Islamabad's state-owned enterprises will be privatised - with the exception of strategic entities, PM Shebaz Sharif announced Tuesday. The Milei-esque policy… https://t.co/Ql4jaZf3ON