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Pakistan to start process of state sector units' sell-off
ISLAMABAD — Pakistan's Privatisation Commission (PC) has decided to start the process of privatising mega state sector units including PIA, Railways, Civil Aviation Authority (CAA), ports & shipping and airports from June this year.
"Now when we are all set to complete most of the ongoing transactions by the end of the current financial year, preparations are foot to start the process of disinvesting bigger public sector entities from June 2007", said Minister for Privatisation and Investment, Zahid Hamid.
Talking to this correspondent, he said that mega transitions like Railways, PIA, CAA ports & shipping etc. were being planned for sell of from June this year with a view to further accelerating the process of privatisation in the country.
Responding to a question, he said that according to the decisions of the Council of Common Interest (CCI) taken in 1997, all bigger or small public enterprises will be privatised to make them efficient and avoid facing billions of losses every year.
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