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Articles for tag: Discos, investors, Pakistan, privatize, seeks, Turkish

December 3, 2025

News Desk

Pakistan seeks Turkish investors to privatize Discos

Prime Minister Shehbaz Sharif and Alparslan Bayraktar of Turkey, Minister of Energy and Natural Resources witness an exchange of memorandums/agreements between Turkey and Pakistan in the oil sector on December 2, 2025 in Islamabad. — APPLICATION Energy Minister Awais Leghari says bids will be invited soon. The government is preparing to open the first three discos for private investment. Pakistan and Turkey agree to deepen oil and gas cooperation. Pakistan is seeking experienced international private investors, particularly from Turkey, to participate in the upcoming privatization of its electricity distribution companies. Energy Minister Sardar Awais Ahmed Khan Leghari said tenders will

January 3, 2025

News Desk

The plan to privatize PNSC was abandoned

Listen to the article Islamabad: The federal government has abandoned its proposed plan to privatize the Pakistan National Shipping Corporation (PNSC) through a public offering of a substantial number of shares on the stock exchange. The aim was to explore additional sources of funding through increasing private participation through the stock exchange to increase the size of its fleet. PNSC was established under the Pakistan National Shipping Corporation Ordinance 1979 and is a listed company on the Pakistan Stock Exchange (PSX). The Government of Pakistan holds 87.56% of the shares, while the general public and the PNSC Employees Empowerment Trust

May 10, 2024

News Desk

The government is taking another step to privatize 24 state agencies

The ministerial committee approves two dozen state-owned enterprises for the long-awaited privatization program Deputy Prime Minister and Foreign Minister Senator Ishaq Dar presides over the meeting of the Cabinet Committee on Privatization on May 10, 2024. — APP Profit-making state-owned enterprises will also be considered for privatization. Limit the federal footprint to only “strategic, essential” government enterprises. CCOP examined 84 SOEs in detail in the light of SOE law and policy. ISLAMABAD: The federal government has taken another step towards privatization of state-owned enterprises by declaring 24 entities eligible for the country’s long-awaited privatization program to get rid of excessive

May 4, 2024

News Desk

The government is reluctant to privatize key state-owned enterprises

Islamabad: As Pakistan’s wealthiest families express interest in acquiring the struggling national carrier, Prime Minister Shehbaz Sharif’s government remains reluctant to sell at least 75 percent of the state-owned commercial entities. The government aims to maintain control over key sectors such as insurance, finance, road transport, logistics and oil and gas production. Except for Pakistan International Airlines (PIA) and electricity distribution companies, almost all commercial enterprises are exempted from privatization. This decision follows internal resistance to the government’s privatization efforts. Of the 87 eligible commercial entities, only 21 have been proposed for active privatisation, sources in the Privatization ministry told

March 6, 2024

News Desk

Privatization of government services: experts

KARACHI: Leading international and local experts in the power, energy, infrastructure, risk management and insurance sectors have called for promoting and ensuring the privatization of all government services to address both the country’s energy and economic challenges . They said this during presentations at a conference titled: ‘Energy Summit ’24’, which focused on promoting growth, cooperation and resilience in Pakistan’s energy mix. The event, held at a local hotel in Karachi on Tuesday, was hosted by Fidelity Insurance Brokers/Lockton. They also stressed the need for staff empowerment in government departments and their privatization to effectively address energy challenges. For the

February 5, 2024

News Desk

ECP throws a spanner in the caretaker government’s plans to privatize PIA

Supreme electorate directs caretaker federal government to refrain from further action Caretaker Prime Minister Anwaar-ul-Haq Kakar chairs a meeting regarding Pakistan International Airlines in Islamabad on October 23, 2023. —APP ECP secretary is looking for all relevant documents. The ECP is blocking the government from signing an agreement until a decision is taken. The caretaker government shall not take any important political decision: Article 230 Islamabad: The Election Commission of Pakistan (ECP) has blocked the center from privatizing national carrier Pakistan International Airline (PIA), The news reported on Monday. The ECP took this action under Article 230 of the Election

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