Ongoing Privatisation Programme – Public Sector Entities (PSEs) 2024-25
Pakistan Ongoing Privatisation Programme – 25 Public Sector Entities (PSEs)
| S No | Name of PSEs | Sector |
|---|---|---|
| 1 | Services International Hotel, Lahore | Real Estate |
| 2 | Jinnah Convention Centre, Islamabad | Real Estate |
| 3 | PIA-IL (Roosevelt Hotel NY) | Real Estate |
| 4 | Sale of properties owned/controlled by the Federal Government | Real Estate |
| 5 | Pakistan International Airlines Co. Ltd. | Aviation |
| 6 | Pakistan Re-Insurance Co. Ltd. (PakRe) | Financial |
| 7 | State Life Insurance Co. Ltd. (PakRe) | Financial |
| 8 | House Building Finance Corporation (HBFC) | Financial |
| 9 | First Women Bank Limited | Financial |
| 10 | Sindh Engineering Limited (SEL) | Industrial |
| 11 | Pakistan Engineering Company (PECO) | Industrial |
| 12 | 1223 MW Balloki Power Plant | Energy |
| 13 | 1230 MW Haveli Bahadur Power Plant | Energy |
| 14 | Guddu Power Plant (747 MW) – CPGCL (GENCO – II) | Energy |
| 15 | Nandipur Power Plant (425 MW) – NPGCL (GENCO – III) | Energy |
| 16 | Faisalabad Electric Supply Company Limited (FESCO) | Energy |
| 17 | Islamabad Electric Supply Company Limited (IESCO) | Energy |
| 18 | Lahore Electric Supply Company Limited (LESCO) | Energy |
| 19 | Gujranwala Electric Power Company Limited (GEPCO) | Energy |
| 20 | Multan Electric Power Company Limited (MEPCO) | Energy |
| 21 | Peshawar Electric Supply Company Limited (PESCO) | Energy |
| 22 | Hyderabad Electric Supply Company Limited (HESCO) | Energy |
| 23 | Quetta Electric Supply Company Limited (QESCO) | Energy |
| 24 | Sukkur Electric Power Company (SEPCO) | Energy |
| 25 | Tribal Electric Supply Company (TESCO) | Energy |
Pakistan ongoing Privatisation Programme
FAQs on Pakistan’s Public Sector Enterprises
1. What prompted the review of Pakistan’s public sector enterprises (SOEs)?
The review was prompted by the need for restructuring and privatization, supported by the IMF to address significant losses in SOEs.
2. How many SOEs were identified for privatization in the review?
The review identified 44 SOEs for privatization, including major power companies causing substantial losses.
3. Which entities oversee the progress of restructuring and privatization?
The Cabinet Committee on State Owned Enterprises (CCoSOEs) oversees progress through the Central Monitoring Unit (CMU).
4. What is the timeline for completing the privatization of power distribution companies?
The privatization process for power distribution companies is set to be completed within four years.
5. How many SOEs will the government retain?
The government plans to retain 39 SOEs while privatizing another 44 and liquidating one.
6. What was the reduction in losses recorded in the first year under the current government?
There was a 50% reduction in losses compared to the previous government, attributed to various reforms.
privatisation of 25 entities
7. Which factors contributed to the reduction in losses in the power sector?
Reduction in transmission and distribution losses, timely determination of tariffs, and campaigns against electricity defaulters contributed to lower losses.
8. How many people are employed by SOEs?
SOEs provide employment to over 450,000 people, constituting around 0.8% of the total workforce.
9. What is the financial performance trend of SOEs over the years?
SOEs have recorded declining financial performance over the years, with substantial losses putting strain on the government’s fiscal position.
10. Which entities are among the top 10 loss-making SOEs?
Entities like the National Highway Authority (NHA), Pakistan Railways, Pakistan International Airlines (PIA), and power distribution companies are among the top 10 loss-makers.
11. Which SOEs are categorized as financially viable?
Four SOEs, including GHPL and PPL, are categorized as financially viable, while others require immediate reforms.
12. What is the role of former power secretary Irfan Ali in cutting losses?
Former power secretary Irfan Ali played a major role in reducing losses in the power sector.
13. How many SOEs are planned to be retained under government ownership?
Fourteen entities, including Pakistan Railways & Pakistan International Airlines, are planned to be retained but require immediate reforms.
14. What is the status of Pakistan Steel Mills in the privatization process?
Pakistan Steel Mills is at an advanced stage of the privatization process.
15. Which entities are identified for potential privatization candidates?
Ten SOEs, including Zarai Taraqiati Bank Limited and Sui Southern Gas Company, are identified as potential privatization candidates.
16. How many entities were loss-making in FY2018-19 among those proposed for privatization?
Six (6) entitie s were loss–making, with a combined-loss of Rupees (38.5 billions).
17. What is the significance of the consultation process with line ministries?
Consultations with line ministries are crucial for identifying potential privatization candidates and ensuring a smooth process.
Pakistan Ongoing Privatisation Programme – Public Sector Entities (PSEs)
18. How many sectors do the reviewed SOEs mainly operate in?
The reviewed SOEs mainly operate in seven sectors.
19. How many entities are identified for the next batch of privatization?
Another 24 SOEs are identified for the next batch of privatization, including major loss-making entities.
20. What is the overall aim of the restructuring and privatization efforts?
The aim is to improve the financial performance of SOEs, reduce losses, & alleviate the burden on the government’s fiscal position.
Pakistan Ongoing Privatisation Programme – Public Sector Entities (PSEs) 2024-25
