Govt is Privatizing These 70 Companies and Entities

The Cabinet Committee on Privatization has approved 70 different public sector enterprises for privatization.

Among these, 43 have been included in the “Early Implementation” program. Presumably the entities included in the Early Implementation program will be privatized within the next few years.

Some of these have been delisted while others have already completed privatization (such as UBL, HBL and others).

Here’s the complete list of the entities in the Early Implementation program:

1. Habib Bank Limited (Completed)
2. United Bank Limited (Completed)
3. Allied Bank Limited (Completed)
4. National Investment Trust Limited
5. Small and Medium Enterprise (SME) Bank
6. First Women Bank Ltd
7. National Bank of Pakistan
8. National Insurance Company
9. Pakistan Reinsurance Company
10. State Life Insurance Corporation
11. House Building Finance Corporation
12. Industrial Development Bank Limited
13. Oil and Gas Development Corporation Ltd.
14. Pakistan Petroleum Limited (Completed)
15. Pakistan State Oil Company Limited
16. Sui Northern Gas Pipelines Limited
17. Sui Southern Gas Company Limited
18. Mari Petroleum Limited
19. Government Holding Private Limited
20. Pak Arab Refinery Company (Delisted)
21. National Power Construction Company (Completed)
22. Faisalabad Electric Supply Company Limited
23. Islamabad Electric Supply Company Limited
24. Lahore Electric Supply Company Limited
25. Gujranwala Electric Power Company Limited
26. Multan Electric Power Company Limited
27. Peshawar Electric Supply Company Limited
28. Hyderabad Electric Supply Company Limited
29. Quetta Electric Supply Company Limited
30. Sukkur Electric Power Company
31. Kot Addu Power Company
32. Jamshoro Power Generation Company Ltd
33. Central Power Generation Company Ltd
34. Lakhra Power Generation Company Ltd
35. Northern Power Generation Company Ltd
36. Pakistan Engineering Company
37. Heavy Electrical Complex
38. Pakistan Steel Mills Corporation & its units
39. Pakistan International Airlines Corporation
40. Pakistan National Shipping Corporation
41. PIA-IL (Roosevelt Hotel, NY & Scribe Hotel, Paris)
42. Telephone Industries of Pakistan, Haripur
43. Convention Center Islamabad

Here’s the complete list of public sector entities to be privatized by the government: