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loss-making state entities

IMF team briefed on privatization strategy of loss-making state entities

ISLAMABAD: The officials have briefed the International Monetary Fund (IMF) delegation about the government strategy for privatization of the loss-making state enterprises. Pakistani officials informed the visiting IMF delegation about the government's intention to establish a 'wealth fund'to turn the loss-making state owned entities into profit making enterprises before their privatization, sources said. According to sources, the government has informed the visiting IMF team that it has planned to privatize seven…