ISLAMABAD: Privatisation of as many as six State-Owned Enterprises (SOEs) is expected to fetch a sum of Rs150 billion for the government by June 30.
This was announced by Federal Minister for Privatisation Muhammad Mian Soomro, who further revealed that the enterprises in question were none other than Sind Engineering, SME Bank, Guddu power plant, Pakistan Steel Mills (PSM), First Women Bank Limited and Jinnah Convention Centre.
“Government is committed to pushing ahead with its privatisation programme by completing all targeted transactions within the stipulated time – by the end of this financial year,” he said. “It is after a gap of 10 years that strategic sale of public entities is being initiated in the country by the current government.”
Soomro, who reiterated that efficacy and transparency would be the key elements in the entire process, said that companies from Japan, Thailand, South Korea and Malaysia have shown interest in the privatisation programme.
For more news and blogs, visit Graana.com.
Rawalpindi: Phase I of the Rawalpindi Ring Road project is nearing completion, while the Rawalpindi…
Islamabad’s Capital Territory is set to get its own Capital House in Sector F-5 following…
ISLAMABAD: The Capital Development Authority (CDA) has approved an 85% increase in the house rent…
Karachi: Prime Minister Shehbaz Sharif announced on Monday that the federal government, in partnership with…
Islamabad: The Capital Development Authority (CDA) has officially begun handing over developed plots to allottees…
Islamabad: The federal government has given the green light to extend Margalla Highway from GT…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
