Islamabad, December 19, 2023 : The interim government has excluded Pakistan Steel Mills from its list of state-owned entities for privatization.
The government has released a revised list of state-owned entities (SoEs) slated for privatization as part of its ongoing privatization program. In total, 26 SoEs will be transferred to the private sector, encompassing four institutions each in the financial and real estate sectors.
The updated privatization list comprises a maximum of 14 state institutions from the struggling energy sector. The Pakistan International Airlines (PIA) stands as the sole state-owned entity from the aviation sector included in the active privatization program.
Additionally, three institutions from the state’s industrial sector are part of the privatization initiative. Notably, the State Life Insurance Corporation (SLIC) has also been incorporated into the privatization program.
The privatization list includes Balloki, Haveli Bahadur, Guddu, and Nandipur power plants from the energy sector. Additionally, 10 state-owned electricity distribution companies are slated for privatization.
The government’s privatization list encompasses the House Building Finance Corporation, First Women Bank, Pakistan Engineering Company, and Sindh Engineering Limited.
Furthermore, state-owned entities such as Services International Hotel Lahore, Jinnah Convention Centre Islamabad, and PIA’s Roosewelt Hotel in New York are also designated for privatization according to the official list.
