Govt to Complete PIA Power Sector Privatization by 2024 Aurangzeb
In a recent interview with a private channel, Aurangzeb said that the incumbent government will complete the privatization of the national carrier along with three power distribution companies (Discos) before 2024 culminates.
The privatization of PIA, initially set to conclude by October 1, has been postponed to October 31 due to low bidder interest, ongoing court cases, aging fleet issues, and civil aviation concerns.
He further said that the government is working on the privatization of sick units, and power sector reforms, and for this, all necessary steps have been taken to achieve the objectives.
The outsourcing of Islamabad and Karachi airport would be made in phases, he added. Right-sizing and restructuring of some ministries and departments would also be made before the next fiscal year, he stated.
In reply to a question about issues of Independent Power Producers, he said discussion was being made with Chinese authorities regarding the re-profiling of debt besides China Pakistan Economic Corridor projects.
All out measures are being taken to strengthen the economic sector of Pakistan, he added.
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