AIRLINK 152.98 Decreased By ▼ -7.30 (-4.55%)
BOP 9.00 Decreased By ▼ -0.48 (-5.06%)
CNERGY 7.44 Decreased By ▼ -0.37 (-4.74%)
CPHL 80.50 Decreased By ▼ -5.61 (-6.51%)
FCCL 42.20 Decreased By ▼ -1.53 (-3.5%)
FFL 14.15 Decreased By ▼ -0.81 (-5.41%)
FLYNG 28.47 Decreased By ▼ -0.22 (-0.77%)
HUBC 130.50 Decreased By ▼ -6.62 (-4.83%)
HUMNL 12.00 Decreased By ▼ -0.45 (-3.61%)
KEL 3.99 Decreased By ▼ -0.12 (-2.92%)
KOSM 5.04 Decreased By ▼ -0.20 (-3.82%)
MLCF 66.40 Decreased By ▼ -2.52 (-3.66%)
OGDC 199.55 Decreased By ▼ -8.26 (-3.97%)
PACE 4.95 Decreased By ▼ -0.21 (-4.07%)
PAEL 40.90 Decreased By ▼ -2.30 (-5.32%)
PIAHCLA 16.20 Decreased By ▼ -0.58 (-3.46%)
PIBTL 8.32 Decreased By ▼ -0.60 (-6.73%)
POWER 13.05 Decreased By ▼ -0.43 (-3.19%)
PPL 148.90 Decreased By ▼ -8.20 (-5.22%)
PRL 27.30 Decreased By ▼ -1.29 (-4.51%)
PTC 19.61 Decreased By ▼ -0.97 (-4.71%)
SEARL 80.00 Decreased By ▼ -4.59 (-5.43%)
SSGC 36.69 Decreased By ▼ -2.64 (-6.71%)
SYM 14.37 Decreased By ▼ -0.81 (-5.34%)
TELE 6.75 Decreased By ▼ -0.28 (-3.98%)
TPLP 8.30 Decreased By ▼ -0.52 (-5.9%)
TRG 63.23 Decreased By ▼ -0.61 (-0.96%)
WAVESAPP 8.39 Decreased By ▼ -0.48 (-5.41%)
WTL 1.25 Decreased By ▼ -0.01 (-0.79%)
YOUW 3.48 Decreased By ▼ -0.06 (-1.69%)
AIRLINK 152.98 Decreased By ▼ -7.30 (-4.55%)
BOP 9.00 Decreased By ▼ -0.48 (-5.06%)
CNERGY 7.44 Decreased By ▼ -0.37 (-4.74%)
CPHL 80.50 Decreased By ▼ -5.61 (-6.51%)
FCCL 42.20 Decreased By ▼ -1.53 (-3.5%)
FFL 14.15 Decreased By ▼ -0.81 (-5.41%)
FLYNG 28.47 Decreased By ▼ -0.22 (-0.77%)
HUBC 130.50 Decreased By ▼ -6.62 (-4.83%)
HUMNL 12.00 Decreased By ▼ -0.45 (-3.61%)
KEL 3.99 Decreased By ▼ -0.12 (-2.92%)
KOSM 5.04 Decreased By ▼ -0.20 (-3.82%)
MLCF 66.40 Decreased By ▼ -2.52 (-3.66%)
OGDC 199.55 Decreased By ▼ -8.26 (-3.97%)
PACE 4.95 Decreased By ▼ -0.21 (-4.07%)
PAEL 40.90 Decreased By ▼ -2.30 (-5.32%)
PIAHCLA 16.20 Decreased By ▼ -0.58 (-3.46%)
PIBTL 8.32 Decreased By ▼ -0.60 (-6.73%)
POWER 13.05 Decreased By ▼ -0.43 (-3.19%)
PPL 148.90 Decreased By ▼ -8.20 (-5.22%)
PRL 27.30 Decreased By ▼ -1.29 (-4.51%)
PTC 19.61 Decreased By ▼ -0.97 (-4.71%)
SEARL 80.00 Decreased By ▼ -4.59 (-5.43%)
SSGC 36.69 Decreased By ▼ -2.64 (-6.71%)
SYM 14.37 Decreased By ▼ -0.81 (-5.34%)
TELE 6.75 Decreased By ▼ -0.28 (-3.98%)
TPLP 8.30 Decreased By ▼ -0.52 (-5.9%)
TRG 63.23 Decreased By ▼ -0.61 (-0.96%)
WAVESAPP 8.39 Decreased By ▼ -0.48 (-5.41%)
WTL 1.25 Decreased By ▼ -0.01 (-0.79%)
YOUW 3.48 Decreased By ▼ -0.06 (-1.69%)
BR100 11,753 Decreased By -401 (-3.3%)
BR30 34,396 Decreased By -1471.5 (-4.1%)
KSE100 111,120 Decreased By -3752.2 (-3.27%)
KSE30 33,914 Decreased By -1352.9 (-3.84%)
Pakistan

Govt aims to privatise up to 50 SOEs in next 3-4 years: minister

  • One-third of state-owned enterprises strategic assets, Minister for Economic Affairs Ahad Cheema tells World Bank delegation
Published February 17, 2025

Pakistan government plans to privatise up to 50 state-owned enterprises (SOEs) in the next 3 to 4 years, Minister for Economic Affairs Ahad Cheema told a World Bank (WB) delegation on Monday.

Cheema met a delegation of Executive Directors (EDs) and Alternate Executive Directors (AEDs) from the World Bank Group (WBG), which arrived in Pakistan on Monday to review the implementation of $40 billion funding under the recently launched Country Partnership Framework.

During the meeting, the minister outlined the government’s priority to privatise the SOEs and shared that it aims to privatise up to 50 SOEs over the next 3-4 years, according to a statement shared by the Ministry for Economic Affairs.

“Minister Cheema outlined the government’s priority to privatise state-owned enterprises, recognising that approximately one-third of these SOEs are strategic assets.

“He reiterated the government’s goal to privatise the remaining SOEs in phases. In the first phase, the government is focusing on the privatisation of power distribution companies (discos), and in the second phase, Pakistan International Airlines (PIA) and other SOEs are to be privatised,” the statement read.

PM Shehbaz, World Bank delegation discuss $40bn accord

The minister also emphasised the challenges currently faced by Pakistan’s power sector, including high tariffs for consumers, significant losses in line efficiency and ongoing efforts to achieve full cost recovery for the sector.

“He acknowledged that renewable energy resources and addressing line losses were among the main areas of focus for Pakistan’s energy strategy.”

During the meeting, the minister highlighted that Pakistan’s economy was on a positive trajectory with increased public sector development programme (PSDP) funding aimed at strengthening infrastructure and social development projects.

Meanwhile, the delegation assured World Bank’s strong support for Pakistan’s new Country Partnership Framework (CPF) and affirmed that the WB to remain steadfast in its partnership with Pakistan to help achieve its development goal, according to the ministry statement.

Comments

200 characters
Haneefan Feb 17, 2025 11:42pm
میں بیوہ ہوں اور میرا گھر کرائے پر ہے اور میں لوگوں کے گھر میں کام کر کے اپنے گھر کا کرایا اور کھانا کی ضرورت پوری کرتی ہوں حکومت سے میری درخواست ہے کہ مجھے ایک پلاٹ دیا جائے
thumb_up Recommended (0) reply Reply
KU Feb 18, 2025 02:08pm
.... and keep taking loans to bail out SOEs, how wrong can that go? Mysterious use of loans n paying it back by charging high utility tariff on common people n industry, only ensures zero economics.
thumb_up Recommended (0) reply Reply