PIA, PSM privatisation: Federal government takes the important decision
ISLAMABAD - Federal Cabinet today reviewed the progress made in 100-day plan of the government and decided to bring the progress before public later this week. Minister for Information and Broadcasting Chaudhary Fawad Hussain while briefing media in Islamabad this evening on cabinet decisions said the meeting deliberated on the targets set by the government in various areas. He said the cabinet also discussed Prime Minister's visit to China in which emphasis will be placed on further strengthen ties with our all-weather friend besides focusing on transfer of technology to Pakistan. Information Minister said a meeting of Privatization Board was held yesterday which decided that privatization process of Pakistan International Airlines and Pakistan Steel Mills will be stopped forthwith and these organizations will be restructured. He said the meeting decided to privatize SME Bank, First Women Bank Ltd., Balloki Power Plant, Haveli Bahadur Shah plant, Jinnah Convention Center, Lakhra Cola Mine, Services International Hotel Lahore, and Marri Petrluem Ltd.