Pakistan to Privatize All State-Owned Enterprises, Including PIA

Pakistan’s Prime Minister Shehbaz Sharif has announced plans to privatize all state-owned enterprises, including the struggling Pakistan International Airlines (PIA), as part of efforts to tackle the country’s financial challenges. This move expands the government’s previous intention to privatize only loss-making enterprises. The decision comes amid Pakistan’s negotiations with the International Monetary Fund (IMF) for a new loan agreement.

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