Islamabad:
The Federal Government has approved a Privatization Plan for Stages for 24 State Companies (SOE), including Pakistan International Airlines (PIA), First Women Bank and several institutions of key power and financial financial.
This was shared with the National Assembly by the Parliamentary Secretary for Privatization Aasia Ishaque Siddiqui on Monday.
Speaking during the time of the question, he said that the Cabinet Privatization Committee (CCOP), at its meeting held on August 2, 2024, approved for the several years, which will be implemented in three phases in the next five years.
She said that phase I will be completed within a year, phase II within one to three years and phase III in three to five years.
The entities that appear in Phase I include PIA, First Women Bank, House Building Finance Corporation, Zarai Taraqiati Bank, Pakistan Engineering Company (Peco), Islamabad Electric Supply Company (Iesco), Gujranwala Electric Power Company (GEPCO), Faisalabad Electric Company (Fesco) and Sindh Engineering Limited.
In addition, he informed the Chamber that Phase II will see the privatization of the State’s life insurance corporation, the Pakistan Reinsurance Company, the central Power Generation Company, Jamshoro Power Company, Northern Power Generation Company and Lakhra Power Generation Company.
In addition, Phase II includes Lahore Electric Supply Company (Lesco), Fine Electric Power Company (MEPCO), Hazara Electric Supply Company, Hyderabad Electric Supply Company, Peshawar Electric Supply Company and Sukkur Electric Supply Company.
Phase III, he added, will include the privatization of the postal life insurance company.
Na praises the military response
Previously, the NA unanimously approved a resolution praising the Armed Forces for their excellent professionalism, alert and courage to defend Pakistan’s sovereignty.
The resolution, transferred by the Federal Minister of Law and Justice, Azam Nazeer Tarar, praised the Armed Forces for their exemplary professionalism, surveillance and courage when responding to the unpaved Indian aggression with an exceptional restriction and responsibility and through a measured and cornered response.
He declared that the nation inclines the head in humility before the Almighty for granting the Pakistani nation the dignity and honor in defending the territorial integrity of the country against the naked Indian aggression.
The resolution congratulated the entire nation, stating that it had increased over all differences and joined behind its leadership throughout the political spectrum with one voice: Pakistan.
Rich taxes were paid to the brave martyrs who established their lives in defense of the homeland, and the Chamber recognized its supreme sacrifice as a symbol of national pride, resistance and unity.
The resolution also expressed its gratitude to friendly countries for their support at the critical situation.
Reaffirming Pakistan’s commitment to regional and global peace with dignity and honor, the Chamber emphasizes that democracies are committed to dialogue, not the conflict, and emphasized that long -term stability in southern Asia could only be achieved through sincere and structured negotiations.
He urged the authorities to actively involve the international community for a resolution to the JAMMU and Kashmir dispute in accordance with the aspirations of the People of Cashmiro and the relevant resolutions of the United Nations Security Council.
He also emphasized the full implementation of the Indo Water Treaty, stating that saving Pakistan’s water rights is a critical component of national security.
The Chamber reaffirmed its promise to play its constitutional role in the protection of national interests and promote peace, unity and security for the people of Pakistan.
Na passes the bill of the Stza amendment; Ongoing technological reforms
Later in the session, the NA approved the bill of the authority of special technology zones (amendment), 2025, with a majority vote.
The Federal Law Minister Azam Nazeer Tarar, who presented the bill, said that the amendments aimed to improve the performance of the Special Technology Authority (STZA).
The reviewed law seeks to strengthen regulatory structures, attract greater investment and promote innovation within the special technological areas of Pakistan.
These areas are intended to boost the country’s technological sector by offering a support environment for local and international companies, contributing to the long -term economic transformation.
In addition, there were seven reports from several parliamentary committees, while five new bills were sent to the relevant committees for review.
Meanwhile, Petroleum Minister Ali Pervaiz Malik placed the Levy Ordinance of the Network (Captive Power Plants), 2025 before the NA, in accordance with clause (2) of article 89 of the Constitution.
With application entrance
