CCoP approves fast-track plan for PIA privatization

Author: APP

Cabinet Committee on Privatization (CCOP) on Tuesday approved a fast-tracked plan for the privatisation of Pakistan International Airlines Corporation (PIACL), including the divestment of 51-100% share capital together with management control.

Deputy Prime Minister and Foreign Minister, Senator Mohammad Ishaq Dar chaired the meeting of the Committee, a press statement issued by the foreign office spokesperson said.

The deputy PM emphasized the government’s commitment to PIACL’s privatisation to unlock its full potential and reduce financial burden on the national exchequer.

Share
Leave a Comment

Recent Posts

  • Business

Defiant Trump dismisses stock market’s tariff plunge

President Donald Trump goaded China on Friday after the United States' chief economic rival retaliated…

5 hours ago
  • Business

Pakistan sees economic stability under current govt: Danyal Chaudhry

Parliamentary Secretary for Information and Broadcasting, Barrister Danyal Chaudhry, on Saturday highlighted the country’s progress…

5 hours ago
  • Business

Gold prices decrease by Rs.5,500 to Rs320,000 per tola

The price of 24 karat per tola gold decreased by Rs.5,500 and was traded at…

5 hours ago
  • Business

US starts collecting Trump’s new 10% tariff, smashing global trade norms

U.S. customs agents began collecting President Donald Trump’s unilateral 10% tariff on all imports from…

5 hours ago
  • Business

China says ‘market has spoken’ after US tariffs spark selloff

China said on Saturday “the market has spoken” in rejecting U.S. President Donald Trump’s tariffs,…

5 hours ago
  • Business

Nissan considers transferring some domestic production to US, Nikkei says

Nissan Motor is considering shifting some domestic production of U.S.-bound vehicles to the U.S., the…

5 hours ago