Pakistan is targeting the first quarter of 2027 to sell Faisalabad Electric Supply Company, Gujranwala Electric Power Company and Islamabad Electric Supply Company, Privatisation Adviser Muhammad Ali said, as reported by Business Recorder. Due diligence is in progress, but prospective buyers have sought more time to evaluate the transactions. The government had been aiming to…

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    Pakistan is targeting the first quarter of 2027 to sell Faisalabad Electric Supply Company, Gujranwala Electric Power Company and Islamabad Electric Supply Company, Privatisation Adviser Muhammad Ali said, as reported by Business Recorder. Due diligence is in progress, but prospective buyers have sought more time to evaluate the transactions. The government had been aiming to…

    Pakistan has taken over as chair of the Intergovernmental Group of Twenty-Four (G-24), with Finance Minister Muhammad Aurangzeb setting out priorities for the country’s term. Business Recorder reported that these include putting development higher on the global economic agenda, giving developing countries more influence in multilateral institutions, and changing the international financial architecture.