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Ministry of Privatization to Finalize Multiple Transactions

The Federal Minister, Mohammed Mian Soomro, presided over a Ministry review meeting. The present situation and development of the privatisation of entities on the active privatisation list were examined.

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The most recent report on the status of the sale of state-owned enterprises (SOEs) was provided, and numerous concerns were examined in depth. These comprise the properties owned by the Federal government across Pakistan, of which 23 out of 27 were auctioned off in the previous year. For the remaining unsold homes, EOIs for financial advisors have already been published.

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Due to the COVID-19 epidemic, the Federal Minister for Privatization has stated that the priority is on the timely completion of the already delayed deals.

He added that we are committed to shortening the timetables for the transaction completion of the specified firms and exerting every effort to increase the efficiency of these public sector entities on the one hand and lower the economic burden on the other.

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