The Committee was also briefed on the progress and pace of
privatization of eight units being on the active list, including National Power Parks Management Co.
The committee at the outset expressed its concerns about the workers interest, on which the secretary PC informed that government is fully committed at protecting the interest of workers in
privatization process.
The minister was apprised of the current status of the
privatization for each entity.
"The holding of electronic auctions for
privatization has made it possible to further optimize this process, increase efficiency, expand opportunities to attract local and foreign investments," Hasanov said, adding that large enterprises related to industry, agriculture, transport, medicine, telecommunications and other spheres have been opened for
privatization.
He briefed
Privatization of Utility Stores Corporation is relevant to the Phase II of the
Privatization of entity list, hence, the plan of
Privatization of Utility Stores Corporation is not an active plan.
The latest Bureau of the Treasury data showed that during the first quarter,
privatization proceeds reached P40 million, of which the PMO remitted the larger chunk of P37 million, while the rest was contributed by the Presidential Commission on Good Government or PCGG.
In his words, this is why the
privatization program for 2015 only includes the BSE-Sofia.
(1) Prison
privatization is especially significant in this
Privatization has become an intensely polarized subject in Pakistan with politically charged rhetoric dominating discussions.
Muhammad WaqasPakistan's recently elected Pakistan Muslim League-Nawaz government is sticking to its reputation of pushing ahead with
privatization drives.