Pakistan

PM congratulates nation over successful divestment of PIA

Published by
Abdul khalique

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Tuesday, congratulated the nation over successful conduct of bidding for the privatization of 75% shares of PIA.

“Upon assuming office, I had promised the nation that steps would be taken for the privatization of state-owned enterprises; this process of PIA’s privatization is a very important milestone in this regard”, the prime minister said in a statement issued by the PM Office.

By the grace of Allah, the bidding process was extremely transparent, he said adding that the privatization of PIA and other state-owned enterprises will play an important role in further stabilizing the economy.

He noted that investors’ confidence in the national economy had been restored and PIA’s privatization was its proof.

With the cooperation of all state institutions, he said the national economy was becoming stable.

He also commended the efforts of the Deputy Prime Minister and Foreign Minister Ishaq Dar, Chief of Army Staff and Chief of Defence Forces Field Marshal Syed Asim Munir, Defence Minister Khawaja Asif, Adviser on Privatization Muhammad Ali, the Privatization Commission, and other concerned individuals.

The prime minister expressed the government’s determination to ensure national development, prosperity, and public welfare through partnership with the private sector.

Abdul khalique

Recent Posts

IMF projects higher inflation than government’s target

ISLAMABAD (Rizwan Abbasi): The International Monetary Fund (IMF) has projected that Pakistan’s average inflation rate…

45 minutes ago

PM Shehbaz condemns attacks on KSA, reaffirms Pakistan’s solidarity

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday strongly condemned the recent attacks on Saudi Arabia,…

1 hour ago

Gold prices drop by Rs5,600 per tola in Pakistan

KARACHI: The gold prices in Pakistan have been reduced to Rs 424,136 following a reduction…

2 hours ago

When will Safar moon be sighted? SUPARCO predicts

ISLAMABAD: According to Pakistan Space and Upper Atmosphere Research Commission (SUPARCO), the new moon of…

3 hours ago

11 died as house collapses in Kohat after heavy rains

KOHAT: A residential house collapsed due to heavy rain in the Malgin area of ​​Lachi…

4 hours ago

Alternative to the Strait of Hormuz Ready: UAE Decides to Build New Port

ABU DHUBAI: The United Arab Emirates has prepared a plan to establish a new multi-purpose port…

4 hours ago