privatization News

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IHC acquires govt stake in Rs5bn privatisation deal

In a major boost to Pakistan’s reform and investment drive, the UAE-based International Holding Company (IHC) has acquired the government’s Rs5 billion stake in a landmark privatisation, the country’s first strategic sale in years.

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Govt moves closer to privatization of First Women Bank

The Privatisation Commission (PC) Board has recommended a reference price for the privatization of First Women Bank Limited (FWBL) to the Cabinet Committee on Inter-Governmental Commercial Transactions (CCoIGCT), Khurram Schehzad, Advisor to the Finance Minister, shared on X (formerly Twitter) today.

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Alvarez & Marsal eyes Pakistan expansion to boost privatization

Alvarez & Marsal, a global professional services firm, is considering opening an office in Pakistan as part of its broader commitment to support the...

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PM directs to expedite process of privatization

Prime Minister Muhammad Shehbaz Sharif has directed to expedite the process of privatization and ensure its completion within the stipulated timeframe...

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PCB charts way forward on privatization

The Privatization Commission Board, chaired by Federal Minister for Privatization, Board of Investment & Communications Abdul Aleem Khan, made key decisions...

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SIH privatization concludes with multi-party agreement

The sale of the Services International Hotel, Lahore (SIH), was successfully finalized yesterday with the signing of a sale agreement at the Privatisation...

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Pakistan invites Azerbaijan to take part in PIA privatization

Pakistan has offered the government of Azerbaijan to take part in the privatization of unprofitable flag carrier Pakistan International Airlines Corporation Ltd

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PIA gets just one bid from shortlist

Pakistan received just one bid for a stake in the national carrier as five other consortiums stayed away from one of the country’s major privatization...

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Senate body on petroleum rejects PMDC privatization

The Senate Standing Committee on Petroleum on Tuesday rejected the proposed privatization of the Pakistan Mineral Development Corporation (PMDC)...

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Financial advisors to be hired for ZTBL, USC privatization

The Privatization Commission Board, in its 225th meeting held yesterday, approved the initiation of the process for hiring financial advisors from the panel...

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