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‘Will someone stop this madness?’, Tarin worried about privatization

Former Finance Minister Shoukat Tarin has said that the federal cabinet has signed an ordinance for the privatization of state assets, ARY News reported.  https://t.co/3ECDPWexfl *PDM...

Plan to revive Pakistan Steel Mills presented before cabinet body

ISLAMABAD: Chairman privatization commission has presented a plan to revive Pakistan Steel Mills before a cabinet body headed by Finance Minister Miftah Ismail, ARY...

IMF talks: Hike in electricity prices by Rs7, privatization of DISCOs planned

ISLAMABAD: Federal government has decided to hike electricity prices by Rs7 besides privatization of profitable public-owned DISCOs after talks with the International Monetary Fund...

Pakistan Railways hands over KCR, Shah Latif Express to private sector  

KARACHI: Pakistan Railways has decided to hand over Shah Latif Express and Karachi Circular Railway (KCR) project to the private sector to be run...

PM orders maximum revenue from privatization process

ISLAMABAD: Advisor on Finance Shaukat Tarin and Minister for Privatization Muhammad Mian Soomro on Thursday called on Prime Minister Imran Khan here in Islamabad,...

Homework for privatisation of PSM completed: minister

ISLAMABAD: Privatisation Minister Mian Muhammad Soomro has said that the ministry has completed the homework for the privatisation of state-owned Pakistan Steel Mills (PSM)...

Privatization committe mulls over ways to revive steel mills, other entities

ISLAMABAD: The Privatization committee meeting on Friday chaired by the federal minister Mohammed Mian Soomro discussed the revival of Pakistan Steel Mill (PSM) and...

SME Bank, Heavy Electrical Complex to be privatize during current FY

The privatization process of SME Bank, Services International Hotel (SIH), Jinnah Convention Center (JCC), and Heavy Electrical Complex (HEC) will be completed during the current fiscal year.

Cabinet body removes PTV from list of state institutions to be privatized

The committee took the decision on the request of the ministry for information and broadcasting.

Privatization: 97 pc Heavy Electrical Complex govt stake to be sold out

Finance advisor in this connection has directed federal industries minister to oversee redressal of permanent employees' matters following the sell out.

23 govt properties sold out last month for Rs1 bn: Muhammad Mian Soomro

We initiated the process to auction 26 government-owned lands last month, said the federal privatization minister.

Pakistan Steel Mills among 19 entities to be privatized, says Soomro

Pakistan Steel Mills, Mari Gas Field and Convention Centre Islamabad, Services Hotel, SME Bank, PPL, Guddu Power Plant and power companies have been in the list of 19 state-owned entities that will be offered for privatization, Soomro said.

Fed govt plans to sell shares of OGDCL, other petroleum companies  

The privatization board meeting decided to sell 10 percent shares of OGDCL and PPL.

Banks urged to facilitate power plants’ privatization process

The investors could bid for the projects with a facility of at most 70 percent loans from the banks.   

Bidding for First Women Bank, HBFC privatization by October: Muhammad Mian Soomro

The meeting approved transaction structures of Services Hotel Lahore, First Women Bank, HBFC, and Jinnah Convention Centre.       

Privatization plan dropped, PSM to be run on joint venture: Hammad Azhar

We will be running the steel mills in cooperation with the private investors, announced Hammad Azhar.

Muhammad Mian Soomro assures to address concerns of power sector investors

Muhammad Mian Soomro said that the privatization process of power plants could not be completed on time.

Privatization process ongoing as planned: Muhammad Mian Soomro

No delay is being made in the timeline for privatization of power plants and other entities, announced Privatization Minister Muhammad Mian Soomro.

Fed govt mulls over plan to sell out 10 percent OGDCL shares

The proposal to sell out OGDCL shares under divestment initiative will be tabled before the federal cabinet meeting for approval.

Fed govt plans privatization of two power plants by April 2020

Federal Minister and Privatization Commission Chairman Muhammad Mian Soomro announced that initially the 1223 MW Balloki power plant in Chunian and a RLNG-based Bahadur Shah power plant in Haveli area would be privatized.
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