{"id":82553,"date":"2025-08-07T16:14:35","date_gmt":"2025-08-07T11:14:35","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=82553"},"modified":"2025-08-07T16:23:36","modified_gmt":"2025-08-07T11:23:36","slug":"federal-govt-announces-privatisation-of-24-state-owned-entities","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/pakistan\/federal-govt-announces-privatisation-of-24-state-owned-entities\/","title":{"rendered":"Federal govt announces privatisation of 24 state-owned entities"},"content":{"rendered":"<div class=\"td_block_wrap tdb_single_content tdi_18 td-pb-border-top td_block_template_1 td-post-content tagdiv-type\" data-td-block-uid=\"tdi_18\">\n<div class=\"tdb-block-inner td-fix-index\">\n<p>ISLAMABAD: The federal government on Thursday announced plans to <a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/railways-department-to-privatize-11-trains-for-better-services\/\">privatize<\/a> 24 government-owned entities in three phases over a period of 5 years.<\/p>\n<p>Federal Minister for Privatization Abdul Aleem Khan presented the list of 24 <a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/pia-initiates-internal-audit-ahead-of-privatization\/\">government institutions<\/a> prepared last year for privatization in the National Assembly.<\/p>\n<p>In the first phase, the privatization of major entities such as PIA (Pakistan International Airlines), the Roosevelt Hotel, and the Agricultural Development Bank will be completed within a year.<\/p>\n<p>Additionally, three distribution companies, including IESCO, will also be privatized in the first phase.<\/p>\n<p>As per the document, entities like State Life Insurance, Utility Stores Corporation, and four additional distribution companies (DISCOs) will undergo privatization in the second phase.<\/p>\n<p>The minister further revealed that six more DISCOs, including LESCO (Lahore Electric Supply Company), will be privatized in the second phase. The final phase will see the privatization of the Postal Life Insurance Company.<\/p>\n<\/div>\n<\/div>\n<p>Last year in May, the Cabinet Committee on Privatisation (CCoP), under the chair of Deputy Prime Minister Ishaq Dar, approved the privatization of 24 government-owned entities.<\/p>\n<div class=\"td_block_wrap tdb_single_content tdi_18 td-pb-border-top td_block_template_1 td-post-content tagdiv-type\" data-td-block-uid=\"tdi_18\">\n<div class=\"tdb-block-inner td-fix-index\">\n<p>The cabinet committee directed the Privatisation Ministry to deliberate on the phasing of each entity in consultation with the respective ministries.<\/p>\n<p>The committee recommended that priority shall be accorded to privatisation of loss-making entities, while the federal footprint shall be limited only to the Strategic and Essential SOEs under the federal government\u2019s domain.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: The federal government on Thursday announced plans to privatize 24 government-owned entities in three phases over a period of 5 years. Federal Minister for Privatization Abdul Aleem Khan presented the list of 24 government institutions prepared last year for privatization in the National Assembly. In the first phase, the privatization of major entities such [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":82554,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[30578,30580,30577],"class_list":["post-82553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pakistan","tag-24-state-owned-enterprises","tag-govt-privatisation","tag-privatisation"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/82553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=82553"}],"version-history":[{"count":5,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/82553\/revisions"}],"predecessor-version":[{"id":82559,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/82553\/revisions\/82559"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/82554"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=82553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=82553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=82553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}