Pakistan has included its three largest international airports in a revised five-year privatization program as part of efforts to reform state-owned enterprises and attract private investment.

According to official documents, the government plans to privatize Jinnah International Airport, Islamabad International Airport, and Allama Iqbal International Airport during the first year of the updated roadmap. The three airports were not included in the previous privatization plan.

The revised strategy covers the privatization or restructuring of 25 state-owned enterprises in three phases. The first phase, which is expected to be completed within one year, includes 11 entities. The second phase will run over the following one to three years and covers 13 organizations, while the final phase, stretching from three to five years, includes only one remaining entity.

The government has removed Pakistan International Airlines and First Women Bank Limited from the updated roadmap after considering the privatization of both organizations as completed.

Besides the three airports, the first phase also includes the privatization of Islamabad Electric Supply Company, Faisalabad Electric Supply Company, Gujranwala Electric Power Company, the Roosevelt Hotel in New York, Zarai Taraqiati Bank Limited, House Building Finance Company, Pakistan Engineering Company, and Sindh Engineering Limited.

The second phase includes several power distribution companies, power generation firms, the Utility Stores Corporation, State Life Insurance Corporation of Pakistan, and Pakistan Reinsurance Company Limited.

The Postal Life Insurance Company is the only organization scheduled for privatization in the third and final phase of the government's five-year program.