PTI government decides to privatise five key government departments
*ISLAMABAD - **PTI government decides to privatise five key government departments, media report has revealed.*
*The decision was taken by the** Cabinet Committee on Privatisation (CCoP) on Wednesday. CCoP approved the inclusion of State Life Insurance Corporation (SLIC) as well as Islamabad Electric Supply Company (IESCO).*
The decision was taken in a meeting chaired by the adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh to discuss five agenda items related to the ongoing privatisation programme of the government.
The CCoP meeting also included Lahore Electronic Supply Company (LESCO) in active list of the privatisation programme.
Advisor Hafeez Sheikh said the government had decided to expedite the process of privatisation of some state-owned enterprises as it is considering privatising National Bank of Pakistan and State Life Insurance.
Besides, he said the government will restructure the rest of the state-owned enterprises on a fast track basis to improve their performance.