Pakistan Sells Banks, Hotels, Power Firms to Avert Collapse Amid IMF Pressure

• Pakistan accelerates privatization of state-owned enterprises (SOEs) to meet IMF conditions and avoid economic default.
• Following PIA's privatization, major entities like First Women Bank, ZTBL, Roosevelt Hotel, DISCOs, and Gencos are on sale.
• The "Agenda-5" plan targets five key sectors: power distribution, banking, hospitality, energy generation, and insurance/retail.
• With foreign debt exceeding $131 billion, officials deem privatization a "do-or-die" necessity to stabilize the economy.
• The program, overseen by General Asim Munir and PM Shehbaz Sharif, sparks debate over economic revival vs. loss of strategic assets.

Why It Matters: Cash-strapped Pakistan is selling key state assets under IMF pressure to prevent economic collapse.