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All Stories: Privatization

Pakistan Steel Mills among 19 entities to be privatized, says Soomro

Pakistan Steel Mills, Mari Gas Field and Convention Centre Islamabad, Services Hotel, SME Bank, PPL, Guddu Power Plant and power companies have been in the list of 19 state-owned entities that will be offered for privatization, Soomro said.

Fed govt plans to sell shares of OGDCL, other petroleum companies  

The privatization board meeting decided to sell 10 percent shares of OGDCL and PPL.

Banks urged to facilitate power plants’ privatization process

The investors could bid for the projects with a facility of at most 70 percent loans from the banks.   

Bidding for First Women Bank, HBFC privatization by October: Muhammad Mian Soomro

The meeting approved transaction structures of Services Hotel Lahore, First Women Bank, HBFC, and Jinnah Convention Centre.       

Privatization plan dropped, PSM to be run on joint venture: Hammad Azhar

We will be running the steel mills in cooperation with the private investors, announced Hammad Azhar.

Muhammad Mian Soomro assures to address concerns of power sector investors

Muhammad Mian Soomro said that the privatization process of power plants could not be completed on time.

Privatization process ongoing as planned: Muhammad Mian Soomro

No delay is being made in the timeline for privatization of power plants and other entities, announced Privatization Minister Muhammad Mian Soomro.

Fed govt mulls over plan to sell out 10 percent OGDCL shares

The proposal to sell out OGDCL shares under divestment initiative will be tabled before the federal cabinet meeting for approval.

Fed govt plans privatization of two power plants by April 2020

Federal Minister and Privatization Commission Chairman Muhammad Mian Soomro announced that initially the 1223 MW Balloki power plant in Chunian and a RLNG-based Bahadur Shah power plant in Haveli area would be privatized.

Privatization tops agenda as Pakistan, IMF talks enter second phase

Initially, six institutions will go through the privatization process followed by 27 others.

Govt to ensure transparency in privatization of state enterprises: Dr. Firdous  

Special Assistant to Prime Minister on Information Dr Firdous Ashiq Awan on Wednesday said that the government will ensure transparency and accountability in the privatization process of public sector enterprises.

‘Strengthening economy is core objective of privatization’: PM Imran

Prime Minister Imran Khan on Friday said that the core objective of privatization process was to strengthen the country's economy.

PM Imran Khan summons important session on privatization

PM Imran Khan will review the progress of privatisation process and he will also be given a briefing over the national entities facing financial deficits, sources said.

ECC directs to complete privatization of NPPMC at earliest

Economic Coordination Committee (ECC) on Friday directed to complete the process of privatization of National Power Parks Management Company (NPPMC) at earliest.

Govt plans to privatize six state-owned entities: Minister tells NA

Speaking at the floor of the National Assembly, during the question hour, that the government have plans to privatize two RLNG plants, two banks, the Jinnah Convention Centre and Coal Power Project Lakhra.

Govt to unveil a new plan of K-electric privatization: sources

It is to be mentioned here that the Senate Standing Committee on Power Division was informed recently that liabilities were causing impediments in the privatization of K-Electric to Shanghai Electric Power.

Govt to privatize 49 entities in next five years, Senate body told

The Senate standing committee was informed that 172 entities were privatized from 1991 to 2018 by respective governments.

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...

SME Bank, Balloki and Haveli Bahadur power plant to be privatized

ISLAMABAD: Finance Minister Asad Umar chaired meeting of the Cabinet Committee on Privatization (CCOP) here Tuesday. The Secretary Privatization Commission made a detailed presentation to...

LHC stays privatization of Allama Iqbal International Airport

LAHORE: The Lahore High Court on Tuesday issued an interim stay order restraining the federal government from privatizing Allama Iqbal International Airport Lahore till...
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