Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Zayn Malik Drops Die For Me Music Video
    Videos

    Zayn Malik Releases Die For Me Music Video Ahead of New Album

    February 6, 2026 3 Min Read
    Masters of the Universe teaser
    Videos

    Masters of the Universe Teaser Reveals Nicholas Galitzine as He-Man

    January 22, 2026 3 Min Read
    Bridgerton Season 4 trailer
    EntertainmentVideos

    Bridgerton Season 4 Trailer Reveals Benedict’s Love Story

    December 26, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Govt Aims to Table Privatization Commission Amendment 2024
PhotoNews PakistanPhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
PM Shehbaz industrial electricity tariff cut Pakistan
PhotoNews Pakistan > Pakistan > Govt Aims to Table Privatization Commission Amendment 2024
Pakistan

Govt Aims to Table Privatization Commission Amendment 2024

Web Desk
By Web Desk Published December 12, 2024 2 Min Read
Share
Prime Minister Muhammad Shehbaz Sharif hosts banquet he hosted in honor of Parliamentarians in Islamabad on 14 September 2024. Photo Credits: @WorldPTV (X)
SHARE

The Government of Pakistan has introduced the Privatization Commission (Amendment) Bill 2024 to the National Assembly in a notable shift in the governance of privatization efforts.

The Privatization bill, now under review by the relevant standing committee, proposes transferring substantial powers from the federal cabinet to the Prime Minister.

Under the new Privatization Commission Amendment 2024, the Prime Minister will assume authority over determining the salaries and allowances of the Chairman and members of the Privatization Commission, a responsibility previously held by the federal cabinet. Furthermore, for the privatization of any entity, the commission will consult the Ministry of Privatization instead of the cabinet before proceeding with public advertisements.

This amendment significantly centralizes decision-making powers, placing more executive authority under the Prime Minister’s control.

The legislative change underscores a strategic shift in governance, aiming to streamline and possibly expedite the privatization process under direct executive oversight.

Read: Pakistan Supreme Court Revokes Order Against PIA Privatization

In October 2024, the government unveiled a comprehensive five-year privatization plan, targeting the privatization of 24 institutions across three phases.

The plan, approved by the federal cabinet and crafted by the Ministry of Privatization, outlines an ambitious schedule starting with 10 institutions in the first year, including high-profile assets like Pakistan International Airlines and the Roosevelt Hotel in New York.

The second phase involves 13 more institutions, including several major electric supply companies and power generation firms, with a timeline of over three years. The privatization strategy includes major entities like State Life Insurance and Pakistan Reinsurance Company.

The plan’s third phase will focus on privatizing one additional institution, completing the extensive privatization agenda set by the government.

TAGGED:Featured
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

Recent Posts

Stephen Curry Halle Berry partnership

Stephen Curry Halle Berry Partnership to Launch New Storytelling Projects

Justin Bieber lilbieber 2025

Pakistan US Roosevelt Hotel Redevelopment Agreement Signed

Eric Dane cause of death ALS

Eric Dane Cause of Death ALS: Grey’s Anatomy Star Dies at 53

Post Archives

More Popular from Photonews

Robert Duvall Cause of Death at 95
Entertainment

Robert Duvall Cause of Death: The Godfather Star Dies at 95

4 Min Read
Atlanta United Signs Sergio Santos
Sports

Atlanta United Signs Sergio Santos for 2026 MLS Season

2 Min Read
SBP Ramadan banking hours 2026
Pakistan

SBP Ramadan Banking Hours 2026 Announced for Public and Banks

1 Min Read
Offbeat

Obama Says Aliens Are Real: What the Former President Actually Meant

Former US President Barack Obama has sparked renewed debate after remarks in which Obama says aliens…

February 15, 2026
Pakistan

Imran Khan Eye Examination Adiala Jail Conducted by Medical Team

The Imran Khan eye examination at Adiala Jail was conducted by a five-member team of doctors, who…

February 15, 2026
Tech

US Military GenAI.mil Platform to Power AI-Driven Operations

The US military GenAI.mil platform has been discreetly introduced as part of a broader push to…

February 16, 2026
Sports

Lewis Hamilton Silent on George Russell’s Kim Kardashian Joke

Lewis Hamilton and Kim Kardashian continue to gather attention after the Formula One champion declined to…

February 19, 2026
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog
  • About Us
  • Privacy Policy
  • Code of Ethics & Editorial Standards

© 2026 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?