BeNewz Report ISLAMABAD: The Privatization Advisor, Muhammad Ali, announced on Thursday that the privatization of Pakistan International Airlines (PIA) will generate Rs 55 billion for the national exchequer, significantly higher than the initially cited Rs 10 billion. Addressing a press conference alongside Minister for Information Attaullah Tarar, Ali emphasized that …
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Aftab Maken ISLAMABAD: The privatization process for Pakistan International Airlines (PIA) is set to reach its climax tomorrow (December 23, 2025), with sealed bids to be submitted and opened in a live broadcast for transparency. The bidding will cover a 75% stake in the flag carrier, marking a crucial step …
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Aftab Maken ISLAMABAD: To reform the country’s agricultural financing system, the Privatization Commission has signed a Financial Advisory Services Agreement (FASA) for the strategic privatization of Zarai Taraqiati Bank Limited (ZTBL). The agreement, inked with a consortium led by Next Capital Limited, underscores the government’s push to modernize state-owned enterprises …
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Aftab Maken ISLAMABAD: Jones Lang LaSalle (JLL), the global real estate services firm, has resigned from its role as Financial Advisor for the privatization of the iconic Roosevelt Hotel in New York. The decision, formally conveyed to the Privatisation Commission of Pakistan, stems from a potential conflict of interest, as …
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