Names of State Owned Enterprises (SOEs) being considered for privatization during the next 5 years

According to the information made available to the National Assembly by the Minister for Finance, Revenue, Economic Affairs, Statistics and Privatization, (Mr. Muhammad Ishaq Dar), the CCoP on 3rd October,2013 approved a list of 31 SOEs for priority privatisation. Following is the list approved by the Cabinet Committee:

Oil & Gas
1. Oil and Gas Development Co. Ltd (OGDCL)
2. Pakistan Petroleum Ltd (PPL)
3. Mari Petroleum Ltd.
4. Government Holding Private Ltd (GHPL)
5. Pak Arab Refinery Ltd (PARCO)
6. Pakistan State Oil Co Ltd (PSO)
7. Sui Southern Gas Co Ltd (SSGC)
8. Sui Northern Gas Pipelines Ltd (SNGPL)

Banking & Finance
9. Habib Bank Limited (HBL)
10. United Bank Limited(UBL)
11. Allied Bank Limited (ABL)
12. National Bank Limited (NBP)
13. State Life Insurance Corp. (SLIC)
14. National Insurance Co. Ltd. (NICL)
15. National Investment Trust Ltd. (NITL)
16. Small & Medium Enterprise (SME) Bank
17. Pakistan Reinsurance Co. Ltd. (PRCL)

Power
18. Heavy Electrical Complex (HEC)
19. Islamabad Electric Supply Co. Ltd (IESCO)
20. Faisalabad Electric Supply Co. Ltd (FESCO)
21. Hyderabad Electric Supply Co. Ltd (HESCO)
22. Jamshoro Power Generation Co. Ltd (JPCL)
23. Northern Power Generation Co. Ltd.-Thermal Power Station-Muzaffargarh
24. National Power Construction Co. (NPCC)
25. Kot Addu Power Company Ltd. (KAPCO)

Industries, Transport & Real Estate
26. Pakistan Steel Mills Corp (PSMC)
27. Pakistan Engineering Co Ltd (PECO)
28. Pakistan International Airlines Corp (PIAC)
29. Pakistan National Shipping Corp (PNSC)
30. Convention Centre, Islamabad.
31. PIA Investment Ltd -Roosevelt Hotel NY & Scribe Hotel - Paris

Note: The above information is based on the question & sessions of the National Assembly of Pakistan. Please visit the official website of the National Assembly for details.

About National Assembly: The National Assembly of Pakistan is the country's sovereign legislative body. It embodies the will of the people to let themselves be governed under the democratic, multi-party Federal Parliamentary System. The National Assembly makes laws for the Federation in respect of the powers enumerated in the Federal Legislative list. Through its debates, adjournment motion, question hour and Standing Committees, the National Assembly keeps as check over the Executive and ensures that the government functions within the parameters set out in the Constitution and does not violate the fundamental rights of citizens. Only the National Assembly, through its Public Accounts Committee, scrutinizes public spending and exercises control of expenditure incurred by the government.

Tags: Pakistan, Economics, Business

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