{"id":87635,"date":"2022-07-28T17:03:50","date_gmt":"2022-07-28T12:03:50","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=87635"},"modified":"2022-07-28T17:26:42","modified_gmt":"2022-07-28T12:26:42","slug":"laws-sell-shares-soes-friendly-countries","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/laws-sell-shares-soes-friendly-countries.html","title":{"rendered":"Laws amended to sell shares of state-owned entities to friendly countries: Miftah"},"content":{"rendered":"\n<p>Islamabad: Finance Minister Miftah Ismail on Wednesday (July 27) announced that the federal government has amended laws to allow the sale of shares in state-owned enterprises (SOEs) to friendly countries, news sources reported. The shares will be sold to bridge the fiscal deficit of USD 4 billion expected in the current fiscal year 2022-23 (FY23).<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/psm-firms-on-site-inspection.html\" data-type=\"post\" data-id=\"87627\" target=\"_blank\" rel=\"noreferrer noopener\">PSM privatization: Pre-qualified firms start on-site inspection<\/a><\/p>\n\n\n\n<p>Reportedly, the government passed the Inter-Government Commercial Transaction Act-2022 in the latter half of the same day to allow government-to-government (G2G) transactions. Under the amended law, the assets will be sold to friendly countries with a buy-back option.<\/p>\n\n\n\n<p>Addressing a conference in Islamabad, Miftah said that the government is also actively seeking privatization of SOEs to save valuable revenue used on maintaining such huge enterprises. On the occasion, he stated that all budgetary targets had been reached ahead of an agreement with the <a href=\"https:\/\/www.zameen.com\/news\/moodys-pakistan-imf-credit-positive.html\" data-type=\"post\" data-id=\"87390\" target=\"_blank\" rel=\"noreferrer noopener\">International Monetary Fund (IMF)<\/a> to release a much-needed loan package. He indicated that the government believes the loan will be available by the end of August.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/pm-invites-chinese-firms-to-invest-in-solar-energy-projects.html\" data-type=\"post\" data-id=\"87022\" target=\"_blank\" rel=\"noreferrer noopener\">PM invites Chinese firms to invest in solar energy projects<\/a><\/p>\n\n\n\n<p>It is important to note that the government has allowed pre-qualified firms interested in buying<a href=\"https:\/\/www.zameen.com\/news\/psm-firms-on-site-inspection.html\" data-type=\"post\" data-id=\"87627\" target=\"_blank\" rel=\"noreferrer noopener\"> Pakistan Steel Mills (PSM) <\/a>and other state-owned enterprises (SOEs) to start on-site visits to the entities. The firms will then place their bids for the purchase of shares in these enterprises.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Finance Minister Miftah Ismail on Wednesday (July 27) announced that the federal government has amended laws to allow the sale of shares in state-owned enterprises (SOEs) to friendly countries, news sources reported. The shares will be sold to bridge the fiscal deficit of USD 4 billion expected in the current fiscal year 2022-23 (FY23). Read: PSM privatization: Pre-qualified firms start on-site inspection Reportedly, the government passed the Inter-Government Commercial Transaction Act-2022 in the latter half of the same day to allow government-to-government (G2G) transactions. Under the amended law, the assets will be sold to friendly countries with a buy-back option. Addressing a conference in Islamabad, Miftah said that the government is also actively seeking privatization of SOEs to save valuable revenue used on maintaining such huge enterprises. On the occasion, he stated that all budgetary targets had been reached ahead of an agreement with the International Monetary Fund (IMF) to release a much-needed loan package. He indicated that the government believes the loan will be available by the end of August. Read: PM invites Chinese firms to invest in solar energy projects It is important to note that the government has allowed pre-qualified firms interested in buying Pakistan Steel&hellip;<\/p>\n","protected":false},"author":84,"featured_media":85685,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[53352,48150,53351],"persona":[],"class_list":{"0":"post-87635","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-government-to-government-enterprises-g2g","9":"tag-privatisation-of-pakistan-steel-mills-psm","10":"tag-state-owned-enterprises-2","11":"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>Laws amended to sell shares of SOEs to friendly countries- Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Finance Minister Miftah Ismail on Wednesday (July 27) announced that the federal government has amended laws to allow the sale of shares in\" \/>\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\/laws-sell-shares-soes-friendly-countries.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Laws amended to sell shares of SOEs to friendly countries- Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: Finance Minister Miftah Ismail on Wednesday (July 27) announced that the federal government has amended laws to allow the sale of shares in\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/laws-sell-shares-soes-friendly-countries.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-28T12:03:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-28T12:26:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2022\/04\/Miftah-Ismail.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nauman Ahmad\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nauman Ahmad\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Laws amended to sell shares of SOEs to friendly countries- Zameen News","description":"Islamabad: Finance Minister Miftah Ismail on Wednesday (July 27) announced that the federal government has amended laws to allow the sale of shares in","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/laws-sell-shares-soes-friendly-countries.html","og_locale":"en_US","og_type":"article","og_title":"Laws amended to sell shares of SOEs to friendly countries- Zameen News","og_description":"Islamabad: Finance Minister Miftah Ismail on Wednesday (July 27) announced that the federal government has amended laws to allow the sale of shares in","og_url":"https:\/\/www.zameen.com\/news\/laws-sell-shares-soes-friendly-countries.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2022-07-28T12:03:50+00:00","article_modified_time":"2022-07-28T12:26:42+00:00","og_image":[{"width":1170,"height":400,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2022\/04\/Miftah-Ismail.jpg","type":"image\/jpeg"}],"author":"Nauman Ahmad","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Nauman Ahmad","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/laws-sell-shares-soes-friendly-countries.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/laws-sell-shares-soes-friendly-countries.html"},"author":{"name":"Nauman Ahmad","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/0ea33500845f59b56c53060ac1ef44a9"},"headline":"Laws amended to sell shares of state-owned entities to friendly countries: Miftah","datePublished":"2022-07-28T12:03:50+00:00","dateModified":"2022-07-28T12:26:42+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/laws-sell-shares-soes-friendly-countries.html"},"wordCount":240,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/laws-sell-shares-soes-friendly-countries.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2022\/04\/Miftah-Ismail.jpg","keywords":["Government to government enterprises (G2G)","privatisation of Pakistan Steel Mills (PSM)","State Owned Enterprises"],"articleSection":["Legal &amp; Taxation"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/laws-sell-shares-soes-friendly-countries.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/laws-sell-shares-soes-friendly-countries.html","url":"https:\/\/www.zameen.com\/news\/laws-sell-shares-soes-friendly-countries.html","name":"Laws amended to sell shares of SOEs to friendly countries- Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/laws-sell-shares-soes-friendly-countries.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/laws-sell-shares-soes-friendly-countries.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2022\/04\/Miftah-Ismail.jpg","datePublished":"2022-07-28T12:03:50+00:00","dateModified":"2022-07-28T12:26:42+00:00","description":"Islamabad: Finance Minister Miftah Ismail on Wednesday (July 27) announced that the federal government has amended laws to allow the sale of shares in","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/laws-sell-shares-soes-friendly-countries.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/laws-sell-shares-soes-friendly-countries.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/laws-sell-shares-soes-friendly-countries.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2022\/04\/Miftah-Ismail.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2022\/04\/Miftah-Ismail.jpg","width":1170,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/laws-sell-shares-soes-friendly-countries.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"Laws amended to sell shares of state-owned entities to friendly countries: Miftah"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/0ea33500845f59b56c53060ac1ef44a9","name":"Nauman Ahmad","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/05\/Picture1-96x96.png","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/05\/Picture1-96x96.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/05\/Picture1-96x96.png","caption":"Nauman Ahmad"},"description":"Nauman Ahmad is an imaginative Pisces whose love for literature and nature is unparalleled. When he's not reading or hiking, he's sleeping and eating, which gives him plenty of energy for his next adventure.","sameAs":["https:\/\/www.zameen.com"],"url":"https:\/\/www.zameen.com\/news\/author\/nauman_ahmad"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/87635","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=87635"}],"version-history":[{"count":1,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/87635\/revisions"}],"predecessor-version":[{"id":87636,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/87635\/revisions\/87636"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/85685"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=87635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=87635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=87635"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=87635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}