{"id":82284,"date":"2021-12-15T11:41:37","date_gmt":"2021-12-15T06:41:37","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=82284"},"modified":"2021-12-15T11:41:43","modified_gmt":"2021-12-15T06:41:43","slug":"t-privatisation-of-stated-owned-entities","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/t-privatisation-of-stated-owned-entities.html","title":{"rendered":"Target set for privatisation of stated-owned entities including PSM"},"content":{"rendered":"\n<p>Islamabad: The Privatisation Commission has set a target of privatising a dozen state-owned entities (SOEs) \u2013 including Pakistan Steel Mills \u2013 by the end of the next fiscal year, according to news sources.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/chinese-firms-to-revive-psm.html\" target=\"_blank\" rel=\"noreferrer noopener\">Chinese firms keen on extending support for revival of Pakistan Steel Mills<\/a><\/p>\n\n\n\n<p>As per the details shared, aside from Pakistan Steel Mills (PSM), the SOEs already in the advanced stages of privatisation include SME Bank, Jinnah Convention Centre, First Women Bank Limited, and House Building Finance Corporation Limited. The commission has projected an accumulative revenue of PKR 252 billion that\u2019s expected to be generated from the privatisation of SOEs in the existing fiscal year.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/cda-privatisation-commission-meeting-jcc.html\" target=\"_blank\" rel=\"noreferrer noopener\">CDA, privatisation commission to hold joint meeting about JCC<\/a><\/p>\n\n\n\n<p>The government intends to privatize the steel mill and Jinnah Convention Centre in the fourth quarter of the current fiscal year (FY 2021-22). The privatisation of the House Building Finance Corporation (HBFC) and First Women Bank Limited (FWBL) is expected to be completed by December 2022.<\/p>\n\n\n\n<p>Reputedly, the incumbent government had put out a total of 21 SOEs in the list of entities being actively privatized, few of which \u2013 including <a href=\"https:\/\/www.zameen.com\/news\/auctions-off-services-international-hotel-lahore.html\" target=\"_blank\" rel=\"noreferrer noopener\">Services International Hotel<\/a> \u2013 have been sold off in the last three years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Privatisation Commission has set a target of privatising a dozen state-owned entities (SOEs) \u2013 including Pakistan Steel Mills \u2013 by the end of the next fiscal year, according to news sources. Read: Chinese firms keen on extending support for revival of Pakistan Steel Mills As per the details shared, aside from Pakistan Steel Mills (PSM), the SOEs already in the advanced stages of privatisation include SME Bank, Jinnah Convention Centre, First Women Bank Limited, and House Building Finance Corporation Limited. The commission has projected an accumulative revenue of PKR 252 billion that\u2019s expected to be generated from the privatisation of SOEs in the existing fiscal year. Read: CDA, privatisation commission to hold joint meeting about JCC The government intends to privatize the steel mill and Jinnah Convention Centre in the fourth quarter of the current fiscal year (FY 2021-22). The privatisation of the House Building Finance Corporation (HBFC) and First Women Bank Limited (FWBL) is expected to be completed by December 2022. Reputedly, the incumbent government had put out a total of 21 SOEs in the list of entities being actively privatized, few of which \u2013 including Services International Hotel \u2013 have been sold off in the last&hellip;<\/p>\n","protected":false},"author":75,"featured_media":69903,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016,15017],"tags":[50023,50022],"persona":[],"class_list":{"0":"post-82284","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"category-notices-announcements","9":"tag-pakistan-steel-mills-psm","10":"tag-target-set-for-privatisation-of-stated-owned-entities-including-psm","11":"cat-15016-id","12":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Target set for privatisation of stated-owned entities - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Privatisation Commission has set a target of privatising a dozen state-owned entities (SOEs) \u2013 including Pakistan Steel Mills \u2013 by the end\" \/>\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\/t-privatisation-of-stated-owned-entities.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Target set for privatisation of stated-owned entities - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Privatisation Commission has set a target of privatising a dozen state-owned entities (SOEs) \u2013 including Pakistan Steel Mills \u2013 by the end\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/t-privatisation-of-stated-owned-entities.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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