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State-Owned Enterprises to Go Private, Excluding Strategic Ones: PM Shehbaz

Editor Isb by Editor Isb
May 14, 2025
in National, Latest
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ISLAMABAD: Prime Minister Shehbaz Sharif expanded the government’s privatization plan, stating that all state-owned enterprises (SOEs) would be made private, except for strategic ones.

This decision followed a review meeting chaired by PM Shehbaz regarding the Ministry of Privatization and Privatization Commission in Islamabad.

Earlier, Pakistan and the International Monetary Fund (IMF) initiated discussions on a new long-term program under the Extended Fund Facility (EFF).

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PM Shehbaz emphasized that all enterprises, whether profitable or not, would undergo privatization, with transparency being crucial. He directed federal ministers to collaborate with the Privatization Commission to ensure a transparent process.

Highlighting the government’s role in fostering a business-friendly environment, PM Shehbaz instructed for the Pakistan International Airlines Company Limited’s (PIACL) privatization process to be televised, along with other institutions’ privatization procedures.

During the meeting, the Ministry presented a roadmap for the Privatization Program 2024-2029, detailing progress and outlining plans, including the completion of the pre-qualification process for PIA privatization by month-end.

Efforts to prioritize the privatization of loss-making companies were underscored, with a focus on expediting the process through the appointment of a pre-qualified panel of experts in the Privatization Commission.

Previously, Deputy Prime Minister Ishaq Dar prioritized the privatization of loss-making SOEs during a meeting of the Cabinet Committee on Privatization.

Finance Minister Muhammad Aurangzeb echoed the importance of privatization in ensuring economic stability during the Pre-Budget Conference 2024-25 in Lahore, emphasizing its role in fostering economic stability in the country.

Tags: Prime MinisterPrivatization PlanSeosShehbaz SharifState-Owned Enterprises
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