The final plan for the privatization of eighty-one federal enterprises has been submitted to the Prime Minister of Pakistan.
The Ministry of Privatization has divided its final five-year plan into three parts. The Ministry of Privatization will present its final privatization plan to the Special Investment Council in its next meeting.
The important details of the final plan were obtained by the investigation team. In the final plan, 81 enterprises, divisions and institutions of the federal government have been divided into three parts.
Twenty-four central government-owned enterprises and divisions have been recommended for privatization, forty-one federal enterprises and divisions have been identified as strategic assets and essential, and sixteen federal enterprises and divisions have been excluded from privatization due to other sensitivities.
The institutions included in the privatization list include PIA, Agricultural Development Bank, four Jenko companies, RHC, PRCL, SLIC and FWBL.
HBFC, USC, PECO, SEL, HESCO, JEPCO, PESCO, MAPCO, LESCO, FECO, SPICO and ESCO are also included in the privatization list. BC, PTV, National Telecommunication Corporation, Karachi Port Trust, Port Qasim Authority, Gwadar Port Authority and Pakistan National Corporation are included.
Pakistan Agricultural Storage and Service Corporation, Overseas Employees Foundation, Pakistan State Oil, Pakistan Minerals Development Corporation, Junco Holding Company are also strategic and essential enterprises.
Other important enterprises and divisions include NTDC, National Power Park Company, Powerholding Power Company, Central Power Purchasing Agency Company, Private Power Infrastructure, National Engineer Service Pakistan, Pakistan Railway Freight Transportation, Pakistan Revenue Automation and STEDE. Including C Technology, the process of privatization of enterprises and divisions included in the privatization list has started.
