ISLAMABAD ( BMZ REPORT )
Prime Minister Muhammad Nawaz Sharif said that My government would like the private sector to flourish and provide the best possible services to the people of Pakistan. He was speaking at luncheon hosted by US-Pakistan Bussiness Council in Washington.
With this objective, we restarted privatization program in 2013, which aims to improve the efficiency of and service provision by the Public Sector Enterprises.
The privatization program offers a range of Public Sector Enterprises for sale in the oil and gas, power and financial sectors, through capital market transitions and other modes.
Out of 40 such Public Sector Enterprises, shares of three enterprises namely, United Bank Limited, Pakistan Petroleum Limited and Allied Bank Limited have already been divested, while the work on the rest is being pursued vigorously.
Furthermore, the government has also successfully auctioned spectrum licenses for 3 G and 4 G for mobile networks, through a transparent and competitive process.
Press Release
2015-10-21