pop-logo-verticalCreated with Sketch.

News (18)

View all >

The government has marked out 49 state-owned enterprises for privatisation

The government has marked out 49 state-owned enterprises for privatisation. Pakistan International Airlines (PIA) and Pakistan Steel Mills (PSM) are on the list. “Pakistan is in discussion with half a dozen companies from Russia and China to run the Pakistan Steel Mills (PSM) under public-private partnership and increase its capacity from 1.1 million to 3.5 million per year.”

Source: www.thenews.com.pk

A step towards privatization of the hospital

The Young Doctors Association, Pakistan Institute of Medical Sciences (PIMS) employees union, nurses association and workers' welfare bodies have denounced the decision by the government to introduce a Board of Governors at PIMS, the premiere healthcare centre of the country, as a “step towards privatization of the hospital.” [Pakistan Observer, 22 February 2019]

Source: peopleoverprof.it

Leading World Banks expressed interest in huge privatisation deals in Pakistan

Major global banks, including JPMorgan Chase & Co., CLSA and Credit Suisse Group AG, are poised to move in on the privatization of two state-owned LNG-fired power plants. “Citigroup Inc. and Standard Chartered Plc made their separate proposals, while Lazard Ltd. is pitching with Pakistani brokerage house. Pak Brunei Investment Co. is also pitching for a role on the power plant divestment. The government sources said it aims to complete the privatization of the power plants in the financial year ending on June 30.” The sale would be Pakistan’s largest privatization deal since 2006.

Source: Times of Islamabad