Maduro’s Warning
Venezuelan President Nicolás Maduro declared readiness to form a “republic in arms” if attacked by US forces. He accused Washington of plotting regime change under the cover of anti-drug missions. Maduro warned Venezuela would immediately resist through armed struggle.
Rising US Military Presence
US Navy vessels, including Aegis destroyers and a nuclear submarine, patrol the Caribbean. Reports suggest more amphibious ships may arrive. Washington insists the mission targets drug cartels, not Venezuela directly.
International Pressure on Maduro
The Trump administration accused Maduro of drug ties, even offering a $50 million bounty. Yet, leaked intelligence showed no direct evidence. Despite criticism, Maduro insists on his legitimacy after the disputed 2024 election.
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Four Companies in the Race
The Privatisation Commission informed the Senate panel that PIA may be privatised by November this year. Four companies are currently participating, but they must form consortiums with established airlines to operate the carrier successfully. Two applicants have already been disqualified for failing to meet eligibility standards. Committee chairman Senator Dr Afnan Ullah Khan highlighted that PIA’s massive Rs650 billion debt requires urgent solutions. He suggested selling the airline’s two international hotels to reduce liabilities.
Senators Question Profit-First Strategy
Senator Zeeshan Khanzada asked why the government is selling profitable companies first. The secretary responded that investors prefer profitable entities. He argued that even giving such companies away would still be a sound move since profitability may decline. Committee members, including Senators Khanzada, Umer Farooq, and Asad Qasim, stressed clarity on debt management and safeguarding state assets.
Focus on Energy Sector Privatisation
The panel also reviewed progress on privatising power distribution and generation companies.
