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ISLAMABAD: Economic Affairs Minister Ahad Cheema has said that Pakistan plans to privatize more than 50 state-owned enterprises (SOEs) within the next four years as part of its efforts to overhaul public entities and improve their performance, the Pakistani government said on Monday.
Cheema said this during his meeting with a delegation of top officials of the World Bank Group (WBG), according to the Press Information Department (PID) of the Pakistani government. The visit aims to enhance understanding of Pakistan’s economic, political, social and governance landscape, while exploring opportunities for future development support.
The development comes months after Prime Minister Shehbaz Sharif announced his government would privatize all state entities, except those considered “strategically important” or essential. In 2023, the International Monetary Fund (IMF), as part of Pakistan’s $3 billion bailout, had stressed the need for stronger governance of SOEs, whose losses were heavily impacting the government finances.
Last year Pakistan’s Cabinet Committee on Privatization (CCOP), responsible for the Privatization Program 2024-29, approved the privatization of 24 entities. However, it decided that the inclusion of other state entities would be determined after a review to assess their categorization as strategic or essential enterprises.
“In the first phase, the government is focusing on the privatization of power distribution companies (DISCOS) and in the second phase, Pakistan International Airlines (PIA) and other SOEs are to be privatized,” Cheema was quoted as saying by the PID, following his meeting with the World Bank delegation.
“The minister shared that the government aims to privatize up to 50 SOEs over the next 3-4 years.”
The minister informed the delegation about the challenges faced by the power sector, including high tariffs for consumers, inefficiencies in line losses and efforts to achieve full cost of recovery, according to the statement.
The World Bank delegates commended Pakistan’s efforts in addressing critical challenges and expressed their support for Pakistan’s newly launched Country Partnership Framework (CPF) for 2026-2035 to help achieve its development goals, with an unprecedented commitment of $40 billion. It would include sovereign lending of $20 billion by the International Development Association (IDA) and International Bank for Reconstruction & Development (IBRD). IFC will mobilize another $20 billion to foster private sector investments in Pakistan.
Last week, Pakistan also signed a financial advisory agreement with a consortium, led by Dubai-based Alvarez & Marsal Middle East Limited, to privatize three major power distribution companies.
The agreement is part of the government’s broader effort to reform the power sector which has long struggled with circular debt, operational inefficiencies and power theft. The divestment of state-run power companies is a key component of Pakistan’s economic reform agenda as outlined by the IMF in its current $7 billion loan program.

ISLAMABAD: The government in Pakistan’s northwestern Khyber Pakhtunkhwa (KP) province has decided to dismantle all bunkers in the Kurram district, which has been the site of sectarian and tribal clashes over the last three months, by March 23, officials said on Monday.
Kurram, a tribal district of around 600,000 where federal and provincial authorities have traditionally exerted limited control, has frequently witnessed violence between its Sunni and Shiite communities over land and power. Travelers to and from the area often ride in convoys escorted by security officials.
Fresh feuding began on Nov. 21 when gunmen ambushed a convoy and killed 52 people, mostly Shiites. The assault triggered road closures and other measures that have disrupted people’s access to medicine, food, fuel, education and work and created a humanitarian crisis in the area, where authorities say at least 150 people have been killed in nearly three months of clashes.
On Monday, KP Chief Minister Ali Amin Gandapur presided over a provincial cabinet meeting, during which officials briefed participants about various measures taken by them to restore peace to volatile district, including the demolition of bunkers used by rival tribes to attack each other with both small and heavy weapons.
“So far, 151 bunkers have been demolished,” KP CM’s office quoted officials as telling the cabinet members. “The deadline for demolishing all bunkers in the area has been set for March 23.”
The warring tribes had agreed on the demolition of bunkers and handover of heavy weapons as part of a peace agreement reached on Jan. 1, but sporadic violence has continued and both sides have occasionally engaged in battles with machine guns and heavy weapons that have isolated the remote, mountainous region.
Shiite Muslims dominate parts of Kurram, although they are a minority in the rest of Pakistan, which is majority Sunni. The main road connecting Parachinar, the main town in Kurram, to the provincial capital of Peshawar has been blocked since sectarian fighting began in November.
Meanwhile, police said an aid convoy, comprising 52 vehicles, that was en route to the troubled district came under attack by unidentified men near Ochat, a hilly area on the outskirts of Parachinar.
“The area is remote and we’re collecting information about human and material losses,” Kurram police official Yaqoob Khan told Arab News.
Attacks on aid convoys and crossfire between rival tribes have injured two senior administration officials and a number of security men as well as drivers of vehicles carrying supplies over the last two months.
“Khyber Pakhtunkhwa cabinet has taken strict notice of the attack on a convoy in Kurram,” KP government spokesman Muhammad Ali Saif said in a statement.
“Some miscreants are making nefarious attempts to disrupt peace. Chief Minister Ali Amin Gandapur has directed to take strict action against the miscreants.”
Authorities have also been evacuating the injured and ailing from Kurram to Peshawar via helicopters since last month.
“So far, 153 flights have been conducted by two provincial government helicopters to Kurram and around 4,000 people have been provided air transport facility through these flights,” officials told the provincial cabinet.
“To overcome the shortage of essential medicines, 19 thousand kilograms of medicines have been delivered to Kurram so far.”