Finance minister assures PIA privatisation in ongoing year

Finance Minister Muhammad Aurangzeb has stated that the government is committed to privatizing Pakistan International Airlines (PIA) and three power distribution companies before the end of 2024. This decision comes as part of the government’s efforts to address economic challenges faced by the country. Additionally, the government plans to privatize more state-owned enterprises under the rightsizing policy. Aurangzeb also mentioned the outsourcing of Islamabad and Karachi airports in phases and discussions with Chinese authorities regarding debt re-profiling and CPEC projects. Overall, the government is taking measures to strengthen the economic sector and achieve its objectives.