Islamabad: The government has decided to privatize 4 institutions this financial year. According to private TV, the government has decided to privatize 4 institutions in the current financial year. Haveli Bahadur Shah and Baloki Power Plants are at the top.
It has been reported that House Building Finance Company will be privatized by March 2023, while First Women Bank Limited is likely to be privatized in June 2023. Some institutions will be audited to ensure their transparency. On the other hand, under the broad agreement, Qatar can get the administrative rights of Islamabad Airport, under which the federal government will hand over the administrative affairs of the airport to Qatar soon. A Qatari company will also provide related services of air cargo, according to Gulf News. A source familiar with the talks said Qatar Investment Authority aims to invest $3 billion in Pakistan as the South Asian country is going through a balance of payments crisis, which has led to the transfer of operational control of Islamabad International Airport to Qatar. There is a high probability of an agreement to give to .
Sources said that there is a strong possibility that the federal government will hand over the administrative affairs of Islamabad International Airport to Qatar, while a Qatari company will provide related services of the airport terminal and air cargo, which has a lot of room for development. Islamabad Airport, located 30 km from the capital, opened in 2018 after repeated delays, and can handle 9 million passengers and 50,000 metric tons of cargo annually.
The sale of 51 per cent stake in the PIA-owned Roosevelt Hotel in New York is also highly likely, citing sources, while there were earlier reports that Pakistan would sell its struggling flagship to Qatar. It could offer a majority stake in the carrier, but Qatar has only expressed interest in the airport and hotel sectors.
