The bid submission and opening for the purchase of PIA will take place on Thursday. Sources said that the privatization process will adhere strictly to regulatory frameworks and guidelines and will ensure full compliance with legal requirements.
The CPI(M) has decided to conduct a week-long campaign in each state within the period from October 15 to November 15 against 'One Nation, One Election' proposal, price rise, reduction in the retail prices of petrol and diesel, unemployment, privatization of basic services, steps to curb cri
Member of Legislative Council (MLC) and senior YSR Congress Party (YSRCP) leader Botsa Satyanarayana has opposed the privatization of Rashtriya Ispat Nigam Ltd. (Visakhapatnam Steel Plant), asserting that it should remain under public ownership.
The long-awaited privatization of Pakistan International Airlines (PIA) is expected to take place in early August 2024, with six shortlisted companies seeking detailed information about the airline and requesting time until July to review its financial issues.
Chairing a review meeting on matters related to the Ministry of Privatization and Privatization Commission in Islamabad, the prime minister said apart from strategic state-owned enterprises, all other enterprises, whether profitable or loss-making, will be privatised.
Finance Minister Muhammad Aurangzeb said on Sunday that the privatization of Pakistan International Airlines (PIA) is expected by the end of June or early July, with Islamabad airport potentially following suit shortly after, Dawn reported.
Andhra Pradesh State Education Minister and senior YSRCP leader, Botsa Satyanarayana, questioned how Chandrababu Naidu-led TDP can forge an alliance with the BJP without demanding to stop the privatization of the steel plant.
Sources suggest that PIA cannot afford to pay more than PKR 8 billion in interest on the PKR 260 billion loan. The commercial banks involved in lending to PIA include the National Bank and Bank of Punjab, along with eight other commercial banks.
Confederation of Indian Industry (CII) President R Dinesh has said both India and UAE have a common interest in the infrastructure development in India and the opportunities that exist with more and more privatization.
Opposing the privatization of Nagarnar steel plant, the ruling Congress party has called for a Bastar district bandh in Chhattisgarh on Tuesday, coinciding with Prime Minister Narendra Modi's visit to the district.
Amid a severe financial crisis plaguing Pakistan on multiple fronts, frustration among the population has reached its peak as the government has decided to privatize the country's national carrier, Pakistan International Airlines (PIA).