Minister calls first session of Cabinet Committee on Privatization tomorrow

 Foreign Minister Ishaq Dar has convened the inaugural session of the Cabinet Committee on Privatization (CCoP) on Saturday (tomorrow), reported 24NewsHD TV channel.   

The meeting, slated to address pivotal points on the privatization agenda, is expected to delve into critical aspects of policy formation.

With a focus on expediting the privatization program, sources familiar with the matter have disclosed a two-point agenda for the meeting.

A summary of the formation of the privatization policy will be presented in the meeting.

According to sources, a review of the current status of the privatization program is included in the agenda.

In the meeting, the progress of the ongoing program of privatization will also be reviewed.

Islamabad has assured the IMF to speed up work on the privatization program.

The active list of privatization comprises 25 state enterprises, spanning various sectors. Among these, the aviation sector features prominently with the inclusion of Pakistan International Airlines (PIA).

 The financial and real estate sectors with four enterprises each earmarked for the program.

Meanwhile, the industrial sector presents two entities, while the energy sector boasts a substantial presence with 14 departments listed for privatization.

Included in this ambit are notable entities such as the State Life Insurance Corporation, as well as power plants including Baloki, Havli Bahadur, Gadu, and Nandipur.

Reports suggest that the privatization list extends to encompass 10 companies in the electricity distribution sector, alongside entities like the House Building Finance Corporation, First Women Bank, Pakistan Engineering Company, and Sindh Engineering Limited.