PSM not included in the plan for privatization
The caretaker government has modified its current privatization program, eliminating Pakistan Steel Mills (PSM) from the list of institutions set for privatization. The updated list now comprises a total of 26 entities, reflecting changes in the sectors and organizations designated for privatization. Among the revised lineup, 14 organizations predominantly function within the energy sector. Furthermore, four institutions associated with finance and real estate have been added.
In the industrial domain, three companies have been singled out for inclusion in the ongoing privatization initiative. Noteworthy is the retention of one aviation sector entity on the list, aligning with the continued privatization efforts for Pakistan International Airlines (PIA).
Several additional entities have been added to the privatization roster, encompassing 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. Moreover, the active privatization list encompasses 10 state-owned power distribution companies.
Expanding beyond energy and power-focused entities, the revised list incorporates the House Building Finance Company Limited (HBFC), First Women Bank, Pakistan Engineering Company (PECO), and Sindh Engineering Limited (SEL).
Furthermore, the inclusion of Services International Hotel (SIH), Jinnah Convention Centre, and PIA's Roosevelt Hotel highlights a diverse array of entities identified for privatization as part of the current administration's agenda.
