The federal government has approved a phase privatization plan for 24 state -owned companies (SOEs), including Pakistan International Airlines (Pia), First Women Bank and more key effect and financial institutions.

This was shared with the National Assembly of Parliamentary Secretary for Privatization Aasia Ishaque Siddiqui on Monday.

When she spoke during the questioning time, she said that the Cabinet Committee on Privatization (CCOP) held at her meeting on August 2, 2024, GO-AHEAD gave the multi-year plan that will be implemented in three stages over the next five years.

She said phase that I will be completed within a year, phase II within one to three years and phase III in three to five years.

Devices listed during 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 Supply Supply Company (Fesco) and Sindh Engineering Limited.

She also stated Parliament that Phase II will see the privatization of State Life Insurance Corporation, Pakistan Reinsurance Company, Central Power Generation Company, Jamshoro Power Company, Northern Power Generation Company and Lakhra Power Generation Company.

In addition, Phase II Lahore Electric Supply Company (Lesco), Multan Electric Power Company (MEPCO), Hazara Electric Supply Company, Hyderabad Electric Supply Company, Peshawar Electric Supply Company and Sukkur Electric Supply Company.

Phase III, she added, will include privatization of the postal insurance company.

Na praises military’s response

In the past, NA unanimously adopted a decision that pays tribute to the armed forces for their excellent professionalism, vigilance and courage by defending Pakistan’s sovereignty.

The dissolution moved by the Federal Minister of Law and Justice Azam Nazeer Tarar praised the armed forces for their exemplary professionalism, vigilance and courage in responding to unprovoked Indian aggression with unique restraint and responsibility and through a measured and appropriate reaction.

It declared that the nation bends its head in humility for the Almighty to give the Pakistani nation the dignity and honor in defending the territorial integrity of the motherland against naked Indian aggression.

The resolution congratulated the whole nation and stated that it had risen over all differences and was united behind its leadership across the political spectrum with a voice – Pakistan.

Rich tribute was paid to the brave martyrs who laid their lives in defense of the motherland, where Parliament recognized their highest victim as a symbol of national pride, resilience and unity.

The dissolution also expressed gratitude to friendly countries for their support at the critical time.

By confirming Pakistan’s commitment to regional and global peace with dignity and honor, the house emphasizes that democracies are obliged to dialogue, not conflict and emphasized that long -term stability in South Asia could only be achieved through sincere and structured negotiations.

It called on the authorities to actively engage the international community for a decision on the Jammu and Kashmir conflict in accordance with the hopes of Kashmiri people and relevant UN Security Council’s decisions.

It also emphasized the full implementation of the Indus Waters Treaty and confirms that the protection of Pakistan’s hiking rights is a critical component of national security.

The house confirmed its promise to play its constitutional role in protecting national interests and promoting peace, unity and security of the people of Pakistan.

Na adopts Stza change proposals; Technical reforms in progress

Later at the session, NA adopted the special technological zones authority (amendment), 2025, with a majority vote.

Federal Law Minister Azam Nazeer Tarar, who introduced the bill, said the amendments are aiming to improve the results of Special Technology Zones Authority (STZA).

The revised law seeks to strengthen regulatory structures, attract greater investment and promote innovation in Pakistan’s special technological zones.

These zones are intended to increase the country’s technology sector by offering a supportive environment for both local and international companies, which contributes to long -term economic transformation.

In addition, seven reports from various parliamentary committees were presented, while five new bills were referred to the relevant committees for review.

Meanwhile, Minister of Petroleum Ali Pervaiz Malik turned off the web (captivity works) tax ordinance, 2025 before Na, in accordance with clause (2) of Article 89 of the Constitution.

With input from app