Privatisation Commission
Coverage of Privatisation Commission in the Nexus archive.
- PM Shehbaz directs adoption of 'comprehensive strategy' to attract investors for Discos' privatisation
Prime Minister Shehbaz Sharif directed authorities to adopt a comprehensive strategy to attract international investors for the privatization of state-owned power distribution companies (Discos) and complete the restructuring of the Privatisation Commission within a month. Roadshows in Pakistan, Turkey, Saudi Arabia, and China to attract investors for Gepco, Fesco, and Iesco were reported as successful.
- Senate panel irked by two-decade delay in transfer of Karachi's Hyatt Regency
A Pakistani Senate panel criticized the 20-year delay in transferring ownership of Karachi's Hyatt Regency Hotel to the purchaser, citing unresolved legal issues and lack of a no-objection certificate from Pakistan Railways. The committee also discussed plans to outsource operations at Karachi, Lahore, and Islamabad airports to improve efficiency.
- Privatisation Commission approves ADB's advisory role in outsourcing Islamabad Airport operations
The Privatisation Commission approved the Asian Development Bank (ADB) to advise on outsourcing Islamabad International Airport operations via a competitive bidding process, aiming to improve efficiency and align with international standards. The government plans to privatize airports in Karachi and Lahore, with BDO Ebrahim appointed as external auditors for 2025–2028.
- Govt formally transfers management control of PIA to Arif Habib-led consortium
The Pakistani government transferred management control of Pakistan International Airlines (PIA) to a consortium led by Arif Habib Corporation, completing the privatisation process. The Privatisation Commission confirmed the first financial closing of the transaction after meeting 40 conditions precedent, including regulatory and commercial approvals.