{"id":21586,"date":"2025-08-07T13:31:33","date_gmt":"2025-08-07T08:31:33","guid":{"rendered":"https:\/\/dailyrapidnews.com\/eng\/?p=21586"},"modified":"2025-08-07T13:31:36","modified_gmt":"2025-08-07T08:31:36","slug":"govt-to-privatise-24-institutions-in-three-phases-pia-in-first","status":"publish","type":"post","link":"https:\/\/dailyrapidnews.com\/eng\/2025\/08\/07\/govt-to-privatise-24-institutions-in-three-phases-pia-in-first\/","title":{"rendered":"Govt to privatise 24 institutions in three phases; PIA in first"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>The federal government has announced a three-phase plan to privatize 24 state-owned enterprises (SOEs), starting with 10 major institutions \u2014 including Pakistan International Airlines (PIA), the Roosevelt Hotel within the next 12 months.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to a written response submitted in the National Assembly, the privatisation plan will be executed as follows:<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Phase 1 (within 1 year):<br><\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>10 institutions, including:\n<ul class=\"wp-block-list\">\n<li>PIA<\/li>\n\n\n\n<li>Roosevelt Hotel (USA)<\/li>\n\n\n\n<li>Agricultural Development Bank<\/li>\n\n\n\n<li>Three DISCOs, including Islamabad Electric Supply Company (IESCO)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Phase 2 (1 to 3 years):<br><\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>13 institutions, including:\n<ul class=\"wp-block-list\">\n<li>State Life Insurance Corporation<\/li>\n\n\n\n<li>Utility Stores Corporation<\/li>\n\n\n\n<li>Four Gencos (Generation Companies)<\/li>\n\n\n\n<li>Six more DISCOs, including Lahore Electric Supply Company (LESCO)<br><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Phase 3 (3 to 5 years):<br><\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>1 institution:\n<ul class=\"wp-block-list\">\n<li>Postal Life Insurance Company<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The Privatization Commission will oversee the entire process in coordination with relevant ministries and regulatory bodies.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Speaker slams ministries for ignoring parliamentary queries<br><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">During the session, National Assembly Speaker Sardar Ayaz Sadiq expressed strong disapproval over the non-responsiveness of the Ministry of Planning and the Ministry of Finance, whose representatives failed to adequately answer members\u2019 queries.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The federal government has announced a three-phase plan to privatize 24 state-owned enterprises (SOEs), starting<\/p>\n","protected":false},"author":1,"featured_media":21587,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[215,19],"tags":[],"class_list":["post-21586","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-pakistan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.4.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Govt to privatise 24 institutions in three phases; PIA in first - Rapid News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailyrapidnews.com\/eng\/2025\/08\/07\/govt-to-privatise-24-institutions-in-three-phases-pia-in-first\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt to privatise 24 institutions in three phases; PIA in first - Rapid News\" \/>\n<meta property=\"og:description\" content=\"The federal government has announced a three-phase plan to privatize 24 state-owned enterprises (SOEs), starting\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dailyrapidnews.com\/eng\/2025\/08\/07\/govt-to-privatise-24-institutions-in-three-phases-pia-in-first\/\" \/>\n<meta property=\"og:site_name\" content=\"Rapid News\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-07T08:31:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-07T08:31:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/08\/a-4.gif\" \/>\n\t<meta property=\"og:image:width\" content=\"850\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/gif\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/#website\",\"url\":\"https:\/\/dailyrapidnews.com\/eng\/\",\"name\":\"Rapid News\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dailyrapidnews.com\/eng\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/2025\/08\/07\/govt-to-privatise-24-institutions-in-three-phases-pia-in-first\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/08\/a-4.gif\",\"contentUrl\":\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2025\/08\/a-4.gif\",\"width\":850,\"height\":500},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/2025\/08\/07\/govt-to-privatise-24-institutions-in-three-phases-pia-in-first\/#webpage\",\"url\":\"https:\/\/dailyrapidnews.com\/eng\/2025\/08\/07\/govt-to-privatise-24-institutions-in-three-phases-pia-in-first\/\",\"name\":\"Govt to privatise 24 institutions in three phases; 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