*ISLAMABAD – Pakistani officials have briefed the International MonetaryFund (IMF) delegation about the government strategy for privatization ofthe loss-making state enterprises.*
Pakistani officials informed the visiting IMF delegation about thegovernment’s intention to establish a ‘wealth fund’to turn the loss-makingstate owned entities into profit making enterprises before theirprivatization, sources said.
According to sources, the government has informed the visiting IMF teamthat it has planned to privatize seven state-owned enterprises initially.
The economic figures indicate a heavy burden over the national economy dueto the loss-making state entities as according to an estimate, thecollective losses of these entities have crossed over 1200 bln rupees.