Pakistan Launches 'Agenda-5' Privatization Drive to Avert Default

• Pakistan initiates 'Agenda-5' privatization of state-owned enterprises to meet IMF conditions and avoid economic default.
• National flag carrier PIA already privatized; many other SOEs targeted by end of 2026.
• Key sectors for privatization include power distribution (IESCO, FESCO), banks (FWBL, ZTBL), hotels (Roosevelt Hotel), energy plants, insurance, and retail networks.
• Foreign debt exceeds $131 billion; IMF demands large-scale privatization for future bailouts.
• The program sparks debate: supporters see economic stabilization, critics fear mismanagement and loss of national self-reliance.

Why It Matters: Pakistan's 'Agenda-5' privatization aims to stabilize its economy and avert default under IMF pressure.