Tag: state-owned enterprise
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Why Pakistan’s National Airline Privatisation Is Causing a Political Storm
Background: A Privatization Milestone for Pakistan International Airlines In a landmark move, Pakistan sold a majority stake in Pakistan International Airlines (PIA) in a televised auction, marking a high-stakes shift for a state-owned carrier that has long symbolized national identity and economic pride. The sale, worth roughly $482 million, ends years of failed privatisation attempts…
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Why Pakistan’s PIA Sale Has Sparked a Political Storm
Introduction: A Privatization Turning Point The sale of Pakistan International Airlines (PIA) to private investors for $482 million has vaulted from a business transaction into a political flashpoint. After seven decades as a state-backed carrier, PIA’s privatisation marks a bold shift in Pakistan’s approach to state-owned enterprises, but it also exposes fault lines in economic…
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KNAB Uncovers Misappropriation at LDz Rolling Stock Subsidiary, Officials Suspected
Overview of the Case The Corruption Prevention and Combating Bureau (KNAB) has taken a decisive step in an ongoing investigation into alleged misappropriation at a subsidiary of LDz Rolling Stock. In an expedited procedure, KNAB has proposed that the Prosecution Office for Investigation of Offences in State Institutions initiate criminal proceedings against two LDz Rolling…