{"id":99614,"date":"2024-10-01T11:37:45","date_gmt":"2024-10-01T06:37:45","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=99614"},"modified":"2024-10-01T13:51:15","modified_gmt":"2024-10-01T08:51:15","slug":"plan-to-priviatise-more-federal-entities","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/plan-to-priviatise-more-federal-entities.html","title":{"rendered":"Strategy formed to priviatise more federal entities including Automobile Corp"},"content":{"rendered":"\n<p>Islamabad: The federal government has introduced a comprehensive strategy to privatise additional state-owned entities as part of its right-sizing policy, as reported on October 1.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/govt-directs-60-public-imports-via-gwadar-port.html\" target=\"_blank\" rel=\"noreferrer noopener\">Federal Govt orders 60% of imports through Gwadar<\/a><\/p>\n\n\n\n<p>As per details, this initiative aims to streamline federal operations and reduce government expenditure, aligning with the directives of Prime Minister Shehbaz Sharif.<\/p>\n\n\n\n<p>The Ministry of Privatisation and the Ministry of Industries and Production have been tasked with implementing the plan, which targets several key federal departments for privatisation.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Entities Slated for Privatisation:<\/strong><\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Pakistan Stone Development Company<\/li>\n\n\n\n<li>Pakistan Automobile Corporation<\/li>\n\n\n\n<li>Pakistan Institute of Management<\/li>\n\n\n\n<li>Khadi Crafts Development Company<\/li>\n\n\n\n<li>Agro Food Processing Facilities<\/li>\n\n\n\n<li>Leather Crafts Development Company<\/li>\n\n\n\n<li>Pakistan Chemical and Energy Sector Skill Development Company<\/li>\n\n\n\n<li>Spin Yarn Research and Development Company<\/li>\n<\/ol>\n\n\n\n<p>The government&#8217;s primary goal is to privatise these entities, with liquidation as a secondary option if necessary. This move is expected to increase efficiency, reduce financial burdens on the government, and enhance the productivity of these sectors.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/pakistani-govt-signs-mou-oman.html\">Pak, O<\/a><a href=\"https:\/\/www.zameen.com\/news\/pakistani-govt-signs-mou-oman.html\" target=\"_blank\" rel=\"noreferrer noopener\">man to fast-track MoU for worker exchange<\/a><\/p>\n\n\n\n<p>To ensure the smooth execution of this initiative, the Right-Sizing Committee, led by Finance Minister Muhammad Aurangzeb, will oversee the entire process. This committee will manage the transition and guarantee the successful completion of the government\u2019s privatisation agenda.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The federal government has introduced a comprehensive strategy to privatise additional state-owned entities as part of its right-sizing policy, as reported on October 1. Read: Federal Govt orders 60% of imports through Gwadar As per details, this initiative aims to streamline federal operations and reduce government expenditure, aligning with the directives of Prime Minister Shehbaz Sharif. The Ministry of Privatisation and the Ministry of Industries and Production have been tasked with implementing the plan, which targets several key federal departments for privatisation. Entities Slated for Privatisation: The government&#8217;s primary goal is to privatise these entities, with liquidation as a secondary option if necessary. This move is expected to increase efficiency, reduce financial burdens on the government, and enhance the productivity of these sectors. Read: Pak, Oman to fast-track MoU for worker exchange To ensure the smooth execution of this initiative, the Right-Sizing Committee, led by Finance Minister Muhammad Aurangzeb, will oversee the entire process. This committee will manage the transition and guarantee the successful completion of the government\u2019s privatisation agenda.<\/p>\n","protected":false},"author":89,"featured_media":60296,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[3362,56222,59557,59556,59555,59554,54568],"persona":[],"class_list":{"0":"post-99614","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-fbr","9":"tag-news-and-updates","10":"tag-pakistan-automobile-corporation","11":"tag-pakistan-stone-development-company","12":"tag-private-company","13":"tag-privatise-entities","14":"tag-zameen-news","15":"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>Plan to Priviatise more Federal Entities - Zameen News<\/title>\n<meta name=\"description\" content=\"Government unveils strategy to privatise key federal entities, including Automobile Corp, aiming to reduce expenses and boost efficiency.\" \/>\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\/plan-to-priviatise-more-federal-entities.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Plan to Priviatise more Federal Entities - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Government unveils strategy to privatise key federal entities, including Automobile Corp, aiming to reduce expenses and boost efficiency.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/plan-to-priviatise-more-federal-entities.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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