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SIFC Leads Disco Privatization: Steering Committee to Supervise Privatization of the Power Sector

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To solve its problems and privatize the electricity industry, the government is working with the Special Investment Facilitation Council.

The government has made great strides toward the privatization of three of the best-performing power distribution companies in an effort to draw in investment and increase efficiency.

SIFC has been tasked with playing a key role in expediting the process. The first target of the privatization would be the discos in Islamabad, Gujranwala, and Faisalabad, which together make up 52% of the independent power producers that are governed by the government.

To ensure a seamless privatization process and promote collaboration among government departments, a steering committee has been established.

A plan is being created to address concerns and educate stakeholders. In order to make sure the privatization is successful, the group is also evaluating possible dangers.
Weekly progress reports will be given in order to keep the process accountable and transparent.

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Punjab Cabinet Meets in Lahore: PTI Mob Approves Package for Wounded and Martyr Cops

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Special packages for those killed and injured in the heinous violence committed by PTI workers have been approved by the Punjab Cabinet. These rewards include one million rupees apiece for injured police and ranger personnel and a total of 29 million rupees for the martyred Punjab Police Constable.

The Provincial Cabinet offered Fateha for the security personnel killed in the protest and vehemently denounced the heinous violence and attacks on police and Rangers that occurred during the PTI’s violent demonstration on November 24.

To fight riots, a special force of 10,000 security personnel with training would be formed in Punjab.

In addition to approving the Punjab Enforcement and Regulatory Authority Rules 2024, the Provincial Cabinet authorized changes to the law to make kite flying a non-bailable offense.

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PM Meets With Saudi Crown Prince: Agree To Bring About A Significant Change In The Two Countries’ Relationships

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Prime Minister Muhammad Shehbaz Sharif and Saudi Crown Prince Mohammed Bin Salman Bin Abdul Aziz Al-Saud decided to improve their trade, investment, and economic ties.

The meeting between the two leaders on the fringes of the One Water Summit was friendly and amicable.

For the fifth time in the last six months, the Crown Prince expressed his immense joy at meeting the prime minister of Pakistan. He claimed that this demonstrated the sincere love and affection that the peoples of the two nations have.

The Crown Prince emphasized the need of ensuring that Saudi Arabia and Pakistan deepen their meaningful partnership in order to promote economic growth and prosperity in Pakistan.

The speed at which the Saudi agreements and memorandums of understanding pertaining to investment in Pakistan are being implemented has pleased both leaders.

The Crown Prince’s sincere love for the Pakistani people was acknowledged by the Prime Minister.

He reaffirmed his request that the Crown Prince come to Pakistan as soon as possible. The Crown Prince responded that he was looking forward to his visit to Pakistan.

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IWT sustainability is crucial for regional stability and peace: PM

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Prime Minister Shehbaz Sahrif stated that the development of dams upstream and other reasons have put the Indus Water Treaty under unprecedented strain, and that the treaty’s viability is essential to maintaining peace and stability in the region.

The Prime Minister was speaking in Riyadh at the “One Water Summit.”

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