PSM excluded from privatisation agenda

The caretaker government has made alterations to the ongoing privatisation program, removing Pakistan Steel Mills (PSM) from the list of institutions slated for privatisation.

The updated list, now including a total of 26 entities, shows changes in the composition of sectors and organisations earmarked for privatisation.

Among the revised roster, 14 organisations predominantly operate within the energy sector. In addition, four institutions associated with finance and real estate have also been included.

Meanwhile, three companies operating within the industrial domain have been identified for the ongoing privatisation initiative. Notably, one aviation sector entity remains active on the list, aligned with the ongoing privatisation program for Pakistan International Airlines (PIA).

Read also: PC board approves rules to accelerate PIA privatisation

Several other entities have also been enlisted for privatization, including the State Life Insurance Corporation of Pakistan (SLIC), the Balloki Power Plant, the Haveli Bahadur Shah Power Plant, the Guddo Thermal Power Plant, and the Nandipur Power Project.

Furthermore, the active privatisation list includes 10 state-owned power distribution companies.

The revamped list extends beyond energy and power-centric entities, featuring the House Building Finance Company Limited (HBFC), First Women Bank, Pakistan Engineering Company (PECO), and Sindh Engineering Limited (SEL) within its fold.

Moreover, the inclusion of Services International Hotel (SIH), Jinnah Convention Centre, and PIA's Roosevelt Hotel underscores a diverse portfolio of entities identified for privatisation under the current administration's agenda.