Tag: Privatization

Pakistan’s cabinet approved a government-to-government agreement with the UAE to transfer Islamabad International Airport’s operations. A committee led by the prime minister’s adviser on privatization will finalize the handover. As part of Pakistan’s USD 7 billion IMF-backed privatization drive, this partnership aims to boost efficiency and passenger services through UAE expertise.

Finance Minister Muhammad Aurangzeb has unveiled a Rs17.6 trillion federal budget for FY2025–26, aiming for 4.2% GDP growth, tax reforms, energy sector overhauls, and expanded social support—without introducing new taxes.