ISLAMABAD, January 13: Government on Wednesday has assured International Monetary Fund (IMF) of privatization of Pakistan Steel Mills (PSM), Pakistan International Airlines (PIA) and State Life Insurance Corporation of Pakistan (SLIC) in the ongoing year, local media quoting official sources reported.
Pakistan has provided a roadmap of the privatisation spree under IMF’s Economic Reforms Programme.
According to the blueprint, steel mills would be privatized by September 2016. While by June, at least 26 per cent shares of the national airlines would also be sold.
Meanwhile, the government is desirous of selling ten per cent to 15 per cent shares of the State Life, Kot Addu Power Company’s 40 percent and Mari Petroleum Limited’s 18 percent shares in the ongoing year.-Online
Pakistan assures IMF of privatising key national entities in 2016
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