Pak Govt is Privatizing These 70 Companies and Entities

[PakBlood]

The Cabinet Committee on Privatization has approved 70 different public sector enterprises for privatization.

Among these, 43 have been included in the “Early Implementation” program. Presumably the entities included in the Early Implementation program will be privatized within the next few years.

Some of these have been delisted while others have already completed privatization (such as UBL, HBL and others).

Here’s the complete list of the entities in the Early Implementation program:

1. Habib Bank Limited (Completed)
2. United Bank Limited (Completed)
3. Allied Bank Limited (Completed)
4. National Investment Trust Limited
5. Small and Medium Enterprise (SME) Bank
6. First Women Bank Ltd
7. National Bank of Pakistan
8. National Insurance Company
9. Pakistan Reinsurance Company
10. State Life Insurance Corporation
11. House Building Finance Corporation
12. Industrial Development Bank Limited
13. Oil and Gas Development Corporation Ltd.
14. Pakistan Petroleum Limited (Completed)
15. Pakistan State Oil Company Limited
16. Sui Northern Gas Pipelines Limited
17. Sui Southern Gas Company Limited
18. Mari Petroleum Limited
19. Government Holding Private Limited
20. Pak Arab Refinery Company (Delisted)
21. National Power Construction Company (Completed)
22. Faisalabad Electric Supply Company Limited
23. Islamabad Electric Supply Company Limited
24. Lahore Electric Supply Company Limited
25. Gujranwala Electric Power Company Limited
26. Multan Electric Power Company Limited
27. Peshawar Electric Supply Company Limited
28. Hyderabad Electric Supply Company Limited
29. Quetta Electric Supply Company Limited
30. Sukkur Electric Power Company
31. Kot Addu Power Company
32. Jamshoro Power Generation Company Ltd
33. Central Power Generation Company Ltd
34. Lakhra Power Generation Company Ltd
35. Northern Power Generation Company Ltd
36. Pakistan Engineering Company
37. Heavy Electrical Complex
38. Pakistan Steel Mills Corporation & its units
39. Pakistan International Airlines Corporation
40. Pakistan National Shipping Corporation
41. PIA-IL (Roosevelt Hotel, NY & Scribe Hotel, Paris)
42. Telephone Industries of Pakistan, Haripur
43. Convention Center Islamabad

Here’s the complete list of public sector entities to be privatized by the government:

 

[!eon]

One day they will privatize whole Pakistani land and it's population to some multinational

 

[RoadRunner401]

Every crown corporation should be sold off even at a dollar other than collecting taxes government should stay the hell out of business

 

[El Sidd]

#SayNoToPrivatization
#SayYesToFreedom

 

[AZ1]

This is what nawaz govt did in past. They learn nothing.

 

[fitpOsitive]

Nice step. Policies should also be corrected.

 

[AZ1]

Nice step. Policies should also be corrected.

Do you even know what will happen after companies become privatize?

 

[Awan68]

#SayNoToPrivatization
#SayYesToFreedom

But privitization is freedom, didnt know u were a commie

Do you even know what will happen after companies become privatize?

They will become profitable entities that will generate taxes for the govt instead of white elephants that lick the taxpayers money on annual basis...

 

[El Sidd]

But privitization is freedom, didnt know u were a commie

Me? A commie? oh No way Sir i dress as Santa every December hahaha

Privatization is a curse when corruption is rife in any country. Just when the foreign investments are about to enter Pakistan, they have them privatized so that the loot remains private as well.

bech do sab bech do. Ek base bechi thi aj tak log phatt rahe hain ab ye bhi bech do

 

[xyxmt]

most of them are non performing companies, they dont pay any taxes but on top of that they are used for cronyism and only those who have cronies working in those companies will have objection to selling them.

 

[Mrc]

Government has no buissness running buissness... private entities do it alot better

 

[Kambojaric]

Government has no buissness running buissness... private entities do it alot better

Especially as state owned entities only help to worsen patronage politics i.e. buy votes by offering key individuals of a voting district positions in a state owned company in return for their "cooperation" during the election period.

 

[fitpOsitive]

Do you even know what will happen after companies become privatize?

Yes.

 

[Syed1.]

Good step. Privatization almost always improves performance of state institutions because the sole purpose of the investor is to run a profitable business and they can only achieve that by bringing merit in the hiring process, removing non-performing employees and reducing wastage.


The days of getting a job because you know someone in Noon or Pee should be long gone.

 

[Awan68]

Me? A commie? oh No way Sir i dress as Santa every December hahaha

Privatization is a curse when corruption is rife in any country. Just when the foreign investments are about to enter Pakistan, they have them privatized so that the loot remains private as well.

bech do sab bech do. Ek base bechi thi aj tak log phatt rahe hain ab ye bhi bech do

o bhai govt owned corporations breed corruption and reek of incompitence n political appointments n corrupt ceo's tolerated due to political affiliation due to which these institution n corporations go in massive deficit yet the politicians want to keep them afloat to keep their vote banks n hence the awam has to pay yearly in massive tax increases to keep these white elephants alive, privitization is the way to go because in a privately owned buisiness no one tolerates corruption or intolerance cause than its ur own money involved, partial privitization is the way to go with govt keeping 40% shares n becoming a silent partner n the management n 60% shares sold to private sectors in this way govt will earn massive profits n than will also tax the profits out of the share of the private owners, the taxes of the people wont be wasted in billions to keep these institutions alive n that money can be spent on development...