• Download the Constitution of Pakistan
  • Advertise
Friday, August 1, 2025
  • Login
NEWSLETTER
ECONOMY
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
ECONOMY
No Result
View All Result
Home Business

After blocking FBR overhaul, ECP bars PIA privatisation

by News Publishing
February 5, 2024
in Business, Economy
Reading Time: 1 min read
0
After blocking FBR overhaul, ECP bars PIA privatisation
Share on FacebookShare on TwitterLinkedinWhatsapp

The Election Commission of Pakistan (ECP), after impeding the restructuring of the Federal Board of Revenue (FBR), has now urged the government to abstain from taking any further actions, including signing agreements, regarding the privatization of PIA or its entities until formal clearance is granted.

In a letter addressed to the cabinet secretary, just days before the general elections, the ECP invoked Article 230 of the Constitution, delineating the roles and limitations of the caretaker government. The ECP has requested all relevant cabinet documentation, emphasizing that the caretaker government should refrain from proceeding with any steps, including agreement signings, until a decision is made by the Commission under Section 230 of the constitution.

The government has been directed by the ECP to furnish all pertinent documents prepared for the Cabinet’s approval, encompassing a comprehensive privatization program related to PIA. This is mandated under Clause 5(b) of the Privatization Commission Ordinance, 2000, and Section 230 of the Constitution.

Tags: ECPFBRPIA privatisation
News Publishing

News Publishing

Related Posts

Crude Oil from America

Cnergyico to Import U.S. Crude in Landmark Oil Deal

by Anum Arif
August 1, 2025
0

In a historic development, Pakistan is set to import its first-ever shipment of U.S. crude oil following a landmark trade...

Smartphones 2025

Mobile Phone Sales Drop 12% in FY25

by Anum Arif
July 31, 2025
0

KARACHI: Mobile phone sales in Pakistan witnessed a 12% year-on-year decline during the financial year 2024–25, with total handset sales...

Pakistan, Russia sign Protocol to restore & modernize PSM

Pakistan, Russia sign Protocol to restore & modernize PSM

by News Publishing
July 11, 2025
0

Pakistan and Russia have signed a Protocol to restore and modernize Pakistan Steel Mills (PSM) in Karachi, reaffirming their long-standing...

PSX soars to new high of over 133,000 points in intraday trade

PSX soars to new high of over 133,000 points in intraday trade

by News Publishing
July 7, 2025
0

July 8, 2025: The Pakistan Stock Exchange (PSX) continued its remarkable upward trend on Monday, as the KSE-100 index surged...

Pakistan, Azerbaijan sign $2billion investment agreement

Pakistan, Azerbaijan sign $2billion investment agreement

by News Publishing
July 5, 2025
0

Pakistan and Azerbaijan have signed an agreement for investment worth two billion dollars in diverse sectors of Pakistan's economy. The...

Electricity Rate cut 2025

NEPRA Slashes Power Tariff by Rs1.16 Per Unit

by Anum Arif
July 2, 2025
0

In a major relief to power consumers across Pakistan, the National Electric Power Regulatory Authority (NEPRA) has approved a reduction...

Next Post
Caretaker Govt make record borrowing from banks

Caretaker Govt make record borrowing from banks

Leave a Reply Cancel reply

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

About Us

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Important Categories

  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • YouTube
  • Linkedin
  • TikTok
  • WhatsApp
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Economy.pk - Web Development by Digital Otters

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

© 2024 Economy.pk - Web Development by Digital Otters