privatization

Pakistan Shelves Plan to Privatize Power Firms, But Approves New Loan

By Mehreen Zahra-Malik ISLAMABAD, Feb 4 – Pakistan has shelved plans to privatize its power supply companies and will miss deadlines to sell other loss-making state firms, reneging on promises it made to the IMF in return for a $6.7 billion bailout three years ago. Two government officials with direct knowledge of the situation said

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Most Flights of Pakistan’s Strike-Hit National Carrier Grounded

ISLAMABAD, Feb 3  – Most flights by Pakistan’s ailing national airline were grounded on Wednesday, a company spokesman said, as striking employees disrupted operations to protest against a government privatization plan. The strike is the latest in a months-long series of protests against the plan to sell off part of Pakistan International Airlines (PIA), among

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