Govt Removes 14 Companies from Its Privatization List

According to an official press release, the government has removed 14 State-Owned Enterprises (SOEs), including Pakistan International Airlines, Pakistan Railways, and Pakistan Steels Mills from the list of companies to be privatized. It was stated that other SOEs which were removed from the list of privatization included; The meeting of the committee was held under the chairmanship of Senator Mir Muhammad Yousuf Badini. The committee was also informed that the government wants to privatize eight SOEs on a priority which include; The committee was told that the government would privatize the SOEs after putting them in profit so that the government can get a reasonable rate. Minister for Privatization Mian Muhammad Soomro said that there was a threat of building circular debts on the SOEs so they would be privatized on priority. Senator Farooq H Naik said the First Women Bank should not be privatized as it was a symbol of support to women from the government. The meeting was also briefed in detail about the process of privatization of K Electric. The meeting was attended by Senators Farooq H Naik, Rubina Khalid, Abida Muhammad Azeem, Secretary Privatization Commission Rizwan Malik, and other officials.