{"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><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>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>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>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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Iraqi ambassador to Pakistan Hamid Abbas Lafta and PIA Chief Executive Officer Air Marshal Arshad Malik were also on board the flight PK-291\u2026","rel":"","context":"In &quot;Pakistan&quot;","img":{"alt_text":"PIA","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/10\/PIA.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":19978,"url":"https:\/\/dailyrapidnews.com\/eng\/2024\/08\/24\/countries-without-national-airlines\/","url_meta":{"origin":21586,"position":5},"title":"Countries Without National Airlines","date":"August 24, 2024","format":false,"excerpt":"Dr Ashraf ChohanChief Editor Daily Rapid Several countries do not have a national airline, either because they have chosen not to maintain one or because previous national carriers have ceased operations. In some cases, these countries are small, have low demand for air travel, or are close to other nations\u2026","rel":"","context":"In &quot;Blogs&quot;","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2024\/08\/aa.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts\/21586","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/comments?post=21586"}],"version-history":[{"count":1,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts\/21586\/revisions"}],"predecessor-version":[{"id":21588,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts\/21586\/revisions\/21588"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/media\/21587"}],"wp:attachment":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/media?parent=21586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/categories?post=21586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/tags?post=21586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}