Federal Minister for Privatisation Mohammedmian Soomro chaired a meeting to review progress made so far in the privatisation of selected public sector entities (PSEs). Transaction managers, consultants and senior officials of the ministry attended the meeting.
The federal minister was briefed about the current status of various entities to be privatised; these included power, financial, insurance, industrial and real estate sectors.
Soomro directed the concerned official to address various legal and administrative issues faced in the privatization of subject entities.
The Privatization Division will privatize six state-owned entities (SOEs) including two Re-Gasified Liquefied Natural Gas (RLNG) power plants, while revival of Pakistan Steel Mills (PSM) will be completed by the end of Financial Year 2020, to achieve the budgeted target of Rs150 billion.
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