Sell-off process shelved
The federal government has reportedly shelved privatisation process almost entirely, inclusive of power sector companies, for the remaining PML-N tenure due to political uncertainty, well informed sources told Business Recorder.
The government’s lack of interest in privatisation of public sector companies including loss-making entities, including PSM, can be gauged from the fact that no full-time Minister or Secretary has been appointed for the recently created Ministry of Privatisation. Prime Minister Shahid Khaqan Abbasi has taken back most of the powers from Finance Minister Ishaq Dar, including decision-making on privatisation.
Published in Business Recorder, August 18th, 2017