During the session of National Assembly’s Standing Committee for Privatisation, held under Syed Mustafa Mahmood, the federal government has decided to privatise 48 organisations within the next five years
The privatisation ministry said that 15 companies including National Bank of Pakistan, Pakistan State Oil, Sui Southern Gas, Sui Northern Gas, Civil Aviation Authority, Pakistan International Airlines, Pakistan Steel Mills, Pakistan Railways and others have been taken out of the list and eight have been added to it.
The secretary told the meeting that within 1.5 years around seven institutions will be sold, which include two LNG plants, and Haveli Bahadur Shah and Balluki power plants.
In February, a report published in Bloomberg said that top foreign banks, including JPMorgan Chase & Co, CLSA and Credit Suisse Group AG, were pitching for a role in Pakistan’s biggest privatisation in over a decade, which could raise around $2 billion.
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17 November, 2019