{"id":67032,"date":"2020-06-25T10:00:00","date_gmt":"2020-06-25T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=67032"},"modified":"2020-06-24T17:08:45","modified_gmt":"2020-06-24T12:08:45","slug":"govt-to-generate-pkr-100bn-via-privatisation-of-state-owned-entities-in-fy2020-21","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/govt-to-generate-pkr-100bn-via-privatisation-of-state-owned-entities-in-fy2020-21.html","title":{"rendered":"Govt to generate PKR 100bn via privatisation of state-owned entities in FY2020-21"},"content":{"rendered":"\n<p>Islamabad: Minister for Privatisation Mohammed Mian Soomro on Sunday revealed that the Finance Bill for (Fiscal Year) FY2020-21 includes the allocation of PKR 100 billion in anticipated proceedings from the privatisation of <a href=\"https:\/\/www.zameen.com\/news\/govt-postpones-privatisation-state-owned-properties-public-sector-entities.html\" target=\"_blank\" rel=\"noreferrer noopener\">state-owned entities<\/a>; as part of its \u2018Non-Tax Revenue Receipts\u2019 categorisation for (Tax Year) TY2020-21, according to news sources. This income is expected to boost the national exchequer.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/sc-seeks-govts-response-privatisation-psm.html\" target=\"_blank\" rel=\"noreferrer noopener\">SC seeks govt\u2019s response on privatisation of Pakistan Steel Mills<\/a><\/p>\n\n\n\n<p>The minister was chairing a high-level meeting when he made the declaration and added the privatisation commission is committed towards timely completion of this target and significant progress is being made on various entities include in the active privatisation list. He further revealed that the due diligence for various entities is proceeding towards the final stage. Also, the procurement of financial advisors is nearing \u2018advance stages\u2019 for certain entities.<\/p>\n\n\n\n<p>Moreover, while briefing the transaction committee, Soomoro stated that the privatisation commission is working on reforms that includes a computerised track record of timelines to ensure transparency \u2013 to expedite the privatisation programme.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/privatisation-commission-auction-27-state-owned-entities.html\" target=\"_blank\" rel=\"noreferrer noopener\">Privatisation Commission to auction 27 state-owned entities<\/a><\/p>\n\n\n\n<p>Additionally, the commission plans to complete the transactions for privatising the Heavy Electrical Complex (HEC), both Re-gasified Liquefied Natural Gas (RLNG) plants (Haveli Bahadar Shah and Balloki) in the second quarter of the current financial year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Minister for Privatisation Mohammed Mian Soomro on Sunday revealed that the Finance Bill for (Fiscal Year) FY2020-21 includes the allocation of PKR 100 billion in anticipated proceedings from the privatisation of state-owned entities; as part of its \u2018Non-Tax Revenue Receipts\u2019 categorisation for (Tax Year) TY2020-21, according to news sources. This income is expected to boost the national exchequer. Read: SC seeks govt\u2019s response on privatisation of Pakistan Steel Mills The minister was chairing a high-level meeting when he made the declaration and added the privatisation commission is committed towards timely completion of this target and significant progress is being made on various entities include in the active privatisation list. He further revealed that the due diligence for various entities is proceeding towards the final stage. Also, the procurement of financial advisors is nearing \u2018advance stages\u2019 for certain entities. Moreover, while briefing the transaction committee, Soomoro stated that the privatisation commission is working on reforms that includes a computerised track record of timelines to ensure transparency \u2013 to expedite the privatisation programme. Read: Privatisation Commission to auction 27 state-owned entities Additionally, the commission plans to complete the transactions for privatising the Heavy Electrical Complex (HEC), both Re-gasified Liquefied Natural Gas&hellip;<\/p>\n","protected":false},"author":75,"featured_media":64102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15012,15015],"tags":[27524,32723],"persona":[],"class_list":{"0":"post-67032","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"category-legal-taxation","9":"tag-fy2020-21","10":"tag-govt-to-generate-pkr-100bn-via-privatisation-of-state-owned-entities","11":"cat-15012-id","12":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Govt expects PKR 100bn via privatisation of entities - Zameen News<\/title>\n<meta name=\"description\" content=\"Minister Soomro said that Finance Bill FY2020-21 includes allocation of 100 billion in anticipated proceedings from privatisation of state-owned entities\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/govt-to-generate-pkr-100bn-via-privatisation-of-state-owned-entities-in-fy2020-21.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt expects PKR 100bn via privatisation of entities - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Minister Soomro said that Finance Bill FY2020-21 includes allocation of 100 billion in anticipated proceedings from privatisation of state-owned entities\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/govt-to-generate-pkr-100bn-via-privatisation-of-state-owned-entities-in-fy2020-21.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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