Privatization

Privatization is the process of transferring ownership of a business, organization, agency, public service, enterprise or public proper from the public sector a government to the private sector either to a business that operates to a profit or to a non-profit organization. It may also mean the government outsourcing of services and functions to the private firms.

 The transfer of public sector to private sector are done epically for revenue collection, law enforcement and prison management privatization has also been used to describe two unrelated transactions. The first is buying all outstanding shares of the publically traded company by a single entity making the company privately owned this is often described as private equity. The second is the metallization of a mutual organization or cooperative to form and join stock company

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

Former Finance Minister Shoukat Tarin has said that the federal cabinet has signed an ordinance… Read More

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… Read More

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… Read More

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… Read More

PM orders maximum revenue from privatization process

ISLAMABAD: Advisor on Finance Shaukat Tarin and Minister for Privatization Muhammad Mian Soomro on Thursday… Read More

Homework for privatisation of PSM completed: minister

ISLAMABAD: Privatisation Minister Mian Muhammad Soomro has said that the ministry has completed the homework… Read More

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… Read More

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… Read More

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. Read More

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… Read More

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… Read More

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,… Read More

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. Read More

Banks urged to facilitate power plants’ privatization process

The investors could bid for the projects with a facility of at most 70 percent… Read More

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… Read More

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… Read More

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… Read More

Privatization process ongoing as planned: Muhammad Mian Soomro

No delay is being made in the timeline for privatization of power plants and other… Read More

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… Read More

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… Read More