Federal government likely to privatise at least 20 state entities

Federal government likely to privatise at least 20 state entities
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ISLAMABAD – The federal government has approved five years plan for the privatisation of the state entities.

Government has reportedly decided to privatise at least 20 state institutions in its bid to address economic depletion.

Sources close to the development said that the Privatisation Commission has approved a five-year plan to dispose of loss-making state-owned entities.

The government has delayed the privatisation of Pakistan Steel Mills and the national flag carrier (PIA), whereas SME Bank and First Woman Bank will be privatised on priority basis.

A list of entities-to-be-privatised will be presented during a session of the privatisation board scheduled for tomorrow (Wednesday).

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