Privatization of loss-making entities a priority: PM

Roadmap ready for privatization of state-owned enterprises during 2024-29.

ISLAMABAD: A roadmap for privatization of state owned entities during 2024-29 was presented by Ministry of Privatization and Privatization Commission at a review meeting chaired by Prime Minister Shehbaz Sharif here on Tuesday.

The meeting was also told by officials concerned that pre-qualification process for the privatization of PIA will be completed by the end of this month.

Moreover, Power Distribution Companies have also been included in the list of privatization program. 

The prime minister told the meeting that except strategically important departments all state owned entities would be privatized.

Loss-making enterprises including the PIA will be privatized on priority basis for which a pre-qualified panel of experts was being hired n Privatization Commission to speed up the privatization process.

Mr Sharif said that transparency in privatization process should be ensured and that PIA‘s privatization including bidding and other important processes should be telecast live in national TV channels.

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