Farooq Sattar proposes PCB privatization

Author: inp

Farooq Sattar, leader of the Muttahida Qaumi Movement (MQM) Pakistan and Chairman of the National Assembly’s Standing Committee on

Privatization, has called for the privatization of the Pakistan Cricket Board (PCB) amid ongoing criticism of Pakistan’s cricketing affairs.

Addressing a ceremony in Karachi, Sattar emphasized that privatization should extend beyond just PIA and six distribution companies. He pointed out that the Pakistan Steel Mills has incurred a staggering loss of 500 billion rupees over the past nine years, questioning the accountability for these losses. Sattar also announced that the privatization of PIA will be broadcast live on October 1, noting that among the six bidders, one is an international entity. His remarks highlight a broader push for privatization as a solution to inefficiencies and financial losses in state-owned enterprises.

Share
Leave a Comment

Recent Posts

  • Pakistan

Top Chinese military official lauds Pakistan’s counter-terror efforts

General Zhang Youxia, Vice Chairman of China's Central Military Commission (CMC), has commended the Pakistan…

7 hours ago
  • Pakistan

Punjab CM thanks people for rejecting ‘disruptors’

Punjab Chief Minister (CM) Maryam Nawaz Sharif has expressed her gratitude to the people of…

7 hours ago
  • Pakistan

Belarus president winds up 3-day Pakistan visit

President of Belarus Aleksandr Lukashenko on Wednesday departed after completing a three-day official visit to…

7 hours ago
  • Pakistan

Kurram tribal clashes rage as death toll surges past 100

The recent clashes between the two warring sides in the Khyber Pakhtunkhwa's Kurram district continued…

7 hours ago
  • Pakistan

US lawmakers, Amnesty decry ‘crackdown’ on PTI protesters

A number of United States' lawmakers along with Amnesty International have voiced support for demonstrators…

7 hours ago
  • World

Hamas signals willingness for ceasefire in Gaza after Lebanon

Hamas is ready to reach a ceasefire in the Gaza Strip, a senior official in…

7 hours ago