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PTI Govt unveils plan to privatise 33 public sector enterprises in 2020

PTI Govt unveils plan to privatise 33 public sector enterprises in 2020

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The government on Wednesday unveiled an ambitious programme to privatise 33 state-owned entities during the current fiscal year of 2020, including six public sector enterprises (PSEs).

As reported by The News, “The government planned to privitise SMEs bank, First Women Bank, two RLNG power plants including Haveli Bhadar Shah and Balloki, Mari Petroleum Company Limited, Services International Hotel Lahore and Jinnah Convention Centre Islamabad,” Soomro told a news briefing. 

Will privatisation help Pakistan’s economy?

Pakistan’s first experience with privatisation took place in the 1950s when the Pakistan Industrial Development Corporation set up industrial units throughout the country, running them under the aegis of the government before transferring them to the private sector. 

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