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All Stories: Privatization

Arid Saudi could need ‘$50 billion’ in water investment

RIYADH: Arid Saudi Arabia could need more than $53 billion in water sector investment supported by private funds as demand grows, officials said on...

IMF “encouraged” by PIA reform step, awaits more plans

ISLAMABAD: The International Monetary Fund is encouraged that Pakistan will convert its cash-strapped national airline into a limited company but said on Wednesday it will see if the reforms go far enough in restructuring the company.

Dar assures withdrawal of administrative actions against PIA employees

ISLAMABAD: Finance Minister Ishaq Dar has vowed to withdraw administrative cases against the Pakistan International Airline (PIA) employees who were booked during a protest against government move to privatize the national flag carrier, ARY News reported.

NA opposition demands govt briefing on PIA issue

ISLAMABAD: Opposition parties in the National Assembly (NA) Thursday demanded the government to give a detailed briefing on Pakistan International Airlines (PIA) issue, ARY News reported.

Senate standing committee rejects bill on PIA

ISLAMABAD: The Senate Standing Committee on Cabinet rejected the bill converting Pakistan International Airlines (PIA) into a limited company.

PIA flight operations set to resume as weeklong strike called off

KARACHI: The joint action committee of Pakistan International Airlines (PIA) employees has announced to end its weeklong strike against possible privatization of the national flag carrier, ARY News reported.

PTI offers to mediate between govt, PIA employees

ISLAMABAD: Pakistan Tehreek-i-Insaf (PTI) leader Shah Mehmood Qureshi on Monday noted contradictions in government policies toward Pakistan International Airlines (PIA) issue and offered his party's mediation in defusing tensions between government and PIA employees, ARY News reported.

Govt to privatize the state institutions that are in losses: Dastgir

GUJRANWALA: Minister for Commerce Khurram Dastgir Khan said that the federal government will privatize the state-institutions that are in losses in order to reduce the burden on national exchequer.

Former PM’s aide among five to be probed over PIA worker deaths

KARACHI: Police will investigate five officials, including a former adviser to Prime Minister Nawaz Sharif, for murder after two airline employees were shot dead during a protest against Pakistan International Airlines (PIA) privatization.

Bilawal calls on PM to stop victimizing laborers

KARACHI: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari on Saturday called on Prime Minister Nawaz Sharif to stop victimizing laborers, ARY News reported.

PTI to hold rallies against ‘failed govt policies’

ISLAMABAD: Pakistan Tehreek-i-Insaf (PTI) will stage demonstrations in different cities on Saturday against 'failed government policies', while party chief Imran Khan will himself lead a protest in Karachi, ARY News reported.

Govt can’t provide Rs40bn subsidy to PIA every year: Dastagir

LAHORE: Minister for Trade and Commerce, Khurram Dastagir on Friday said it has become inevitable to privatize Pakistan International Airlines (PIA) for the government can't provide Rs 40 billion subsidy every year, ARY News reported.

Protesting PIA employees cannot hold Pakistan hostage: Asif

ISLAMABAD: Defence Minister Khawaja Muhammad Asif on Friday said that protesting Pakistan International Airlines (PIA) employees cannot hold the country hostage.

PIA workers strike enters 4th day — flight operations remain suspended

KARACHI: The flight operations of Pakistan International Airlines (PIA) will remain suspended today on the fourth consecutive day, thus compounding miseries of the passengers and putting government claims to question, ARY News reported.

Rangers probe points at suspect’s presence at PIA demonstration

KARACHI: Pakistan Rangers Sindh on Thursday said that it received hints about the presence of a suspected man during protest by Pakistan International Airlines (PIA) employees that resulted in the killing of three protesting staffers, ARY News reported.

Pakistan shelves power firms privatization, got IMF loan approved

ISLAMABAD: Pakistan has shelved plans to privatise its power supply companies and will miss deadlines to sell other loss-making state firms, reneging on promises Islamabad had made to the IMF in return for a $6.7 billion bailout three years ago.

DG Rangers forms committee to probe PIA workers killing

KARACHI: DG Rangers Sindh Major General Bilal Akbar on Wednesday formed a committee to probe yesterday's incident at Karachi airport that resulted in the killing of three staffers of Pakistan International Airlines (PIA), ARY News reported.

Zubair, Aziz accuse PTI of ‘playing politics’ on PIA issue

KARACHI: Pakistan Muslim League-Nawaz (PML-N) leaders Muhammad Zubair and Danial Aziz Wednesday accused Pakistan Tehreek-i-Insaf (PTI) of 'playing politics' on Pakistan International Airlines PIA) issue, ARY News reported.

Employees protest over Wapda’s privatization

ISLAMABAD: The employees of Water and Power Development Authority (Wapda) stopped the organization's operations and staged a protest against its privatization, ARY News reported.

Govt invokes PIA Essential Services Act

ISLAMABAD: The federal government on Monday enforced the Pakistan International Airlines (PIA) Essential Services Act 1952 for six months as employees continue to protest against alleged privatization of the national flag carrier, ARY News reported.
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