Federal government unveils privatisation strategy to IMF

Shares
Federal government unveils privatisation strategy to IMF

*ISLAMABAD - Pakistani 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 state-owned enterprises initially.

The economic figures indicate a heavy burden over the national economy due to the loss-making state entities as according to an estimate, the collective losses of these entities have crossed over 1200 bln rupees.