privatization
FFC Joins Arif Habib Consortium to Acquire 100% Stake in PIA
Fauji Fertilizer Company Limited has officially joined a consortium led by Arif Habib Corporation Limited to acquire full ownership of Pakistan International Airlines. The move marks a significant development in Pakistan’s ongoing efforts to restructure and privatize its national carrier. The consortium has established a special purpose vehicle named PIA Equity Limited, which will serve […]
Pakistan Targets 3.5% Economic Growth Despite Floods, Says Finance Minister Aurangzeb
ISLAMABAD: Pakistan remains on track to achieve a 3.5 percent economic growth rate this fiscal year despite the devastating impact of recent floods, said Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, in an interview with CGTN America. The finance minister said Pakistan’s macroeconomic stability had been consolidated through fiscal discipline, improved foreign exchange […]
Pakistan Pushes PIA Privatization Forward: PM Kakar Demands Speed and Transparency
Islamabad, Pakistan: Pakistan’s national airline, Pakistan International Airlines (PIA), is back in the spotlight as the government pushes for its privatization. Caretaker Prime Minister Anwaar-ul-Haq Kakar on Tuesday met with Aviation Adviser Air Marshal (retd) Farhat Hussain, demanding swift and transparent progress on the long-awaited process. Saving the National Exchequer: Kakar emphasized the government’s priority […]