Three more government entities added to privatisation list
Business
The Privatisation Commission Board has added three new state-owned entities — Sindh Metals Ltd, Pakistan Minerals Development Corporation, and National Insurance Company — to the privatisation list,
ISLAMABAD (Dunya News) – The Privatization Commission Board has approved the inclusion of three more government organisations in its privatisation program.
The decision was made during the 243rd board meeting chaired by Advisor on Privatisation Muhammad Ali. The newly added entities are Sindh Metals Limited, Pakistan Minerals Development Corporation, and National Insurance Company.
During the meeting, 12 state-owned enterprises (SOEs) were declared unsuitable for privatization. Sindh Engineering Limited and Utility Stores were recommended to be removed from the privatization list due to a significant rise in liabilities compared to their assets.
According to the Privatisation Commission, all decisions will be made based on transparency, market feasibility, and public interest. The board pledged to focus on entities that are ready for implementation and smooth transactions, ensuring an efficient privatisation process.
