Privatization process to be completed with transparency: Minister

News Image

By MG News | January 30, 2020 at 09:53 AM GMT+05:00

0:00

January 30, 2020: Minister for Privatization, Muhammad Mian Soomro says privatisation process will be completed with transparency and efficiency.

Addressing a news conference along with Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan in Islamabad on Wednesday, he said rules of Public Procurement Regulatory Authority and past court judgments will be fully observed while carrying out the privatization of the state-owned entities.

He said bids have been received for Haveli Bahadur Shah Plant of 1230 MW and Balloki plant of 1,223 MW, which shows their trust on present government's economic policies.

He said sale transactions of six entities will be completed this financial year. 

Speaking on the occasion, Secretary Privatization Rizwan Malik said the proceedings of the privatization will be utilized on debt servicing and public welfare projects.

He said the huge response was seen during the roadshows held by the privatization commission in various countries and after a period of ten years, the strategic sale will restart in Pakistan.

Secretary Privatisation said due diligence of twenty-seven government properties, that are non-utilized, has also been completed.

In her remarks, Dr Firdous Ashiq Awan said the non-functional government institutions will be privatized to make them functional. 

Radio Pakistan

Related News

Name Price/Vol %Chg/NChg
KSE100 130,686.66
280.01M
0.26%
342.63
ALLSHR 81,305.25
897.01M
0.35%
281.26
KSE30 39,945.45
114.02M
0.09%
37.19
KMI30 190,698.05
148.61M
0.61%
1163.05
KMIALLSHR 55,074.15
495.43M
0.53%
290.50
BKTi 34,568.40
28.73M
-1.07%
-372.33
OGTi 28,739.35
22.59M
1.57%
443.29
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 110,155.00 110,525.00
110,155.00
-260.00
-0.24%
BRENT CRUDE 68.85 69.14
68.32
-0.26
-0.38%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
-0.75
-0.76%
ROTTERDAM COAL MONTHLY 108.45 109.80
108.45
-0.55
-0.50%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.13 67.18
67.00
0.13
0.19%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 03, 2025 at 10:04 PM GMT+05:00

SBP reserves rise around to $13bn


July 03, 2025 at 05:39 PM GMT+05:00

Gold price in Pakistan rises Rs800 per tola


July 03, 2025 at 05:17 PM GMT+05:00

Microsoft exits Pakistan after 25 years


July 03, 2025 at 04:43 PM GMT+05:00

Privatisation Commission approves advisors for ZTBL


July 03, 2025 at 04:11 PM GMT+05:00

PSX Closing Bell: Holding Ground



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg