Privatisation plan for 81 entities presented to PM

ISLAMABAD: The final plan for the privatisation of federal enterprises has been submitted to the Prime Minister of Pakistan. The Ministry of Disinvestment has segmented its five-year plan into three sections.

This plan will be presented to the Special Capital Investment Council in the upcoming meeting. The investigative team has acquired crucial details regarding the final plan.

In the finalised scheme, 81 federal government entities, divisions, and departments have been categorised into three groups.

Twenty central government-owned entities and divisions have been proposed for privatization. Forty-one federal entities and divisions have been labelled as strategic assets and granted special status. Sixteen federal entities and divisions are not slated for privatisation due to their strategic importance.

The institutions listed for disinvestment include PIA, Agricultural Development Bank, all four GENCOs, ARHC, PARCO, SNGPL, and FWO. HBL, UBL, PESCO, SSGC, HESCO, GEPCO, PESCO, Mepco, LESCO, FESCO, Sukkur Electric, and SEPCO are also part of the disinvestment list.

Entities and divisions categorised as strategic and essential include PBC, PTV, National Telecommunication Corporation, Karachi Port Trust, Port Qasim Authority, Gwadar Port Authority, and Pakistan National Shipping Corporation.

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Pakistan Agricultural Storage and Services Corporation, Overseas Employment Foundation, Pakistan State Oil, Pakistan Minerals Development Corporation, and Jinnah Holding Company are also classified as strategic and essential enterprises.

NTDC, National Power Parks Company, Power Holding Company, CPPA, Private Power Infrastructure, National Engineering Services Pakistan, Pakistan Railway Freight Transportation, Pakistan Revenue Automation, and STEDEC Technology are part of the disinvestment list. The disinvestment process for entities and divisions listed for disinvestment has commenced.