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.
Islamabad: The chairman of the Capital Development Authority (CDA) and Chief Commissioner Islamabad, Muhammad Ali…
Peshawar: The Khyber Pakhtunkhwa government is exploring plans to construct a 31-kilometre outer ring road…
Islamabad: The National Highway Authority (NHA) has spent more than half of its development budget…
Karachi: A high-level meeting chaired by Sindh Minister for Local Government Syed Nasir Hussain Shah…
Riyadh: Saudi Real Estate Co. (Al Akaria) has signed a long-term lease agreement with Amsa…
Rawalpindi: The divisional administration has begun acquiring land for the Rs5 billion Thalian Interchange, a…
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.
