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Though the list has not yet been finalized, Zubair has already confirmed that power generation and distribution companies, Pakistan Steel Mills and Pakistan State Oil will be privatized.
According to Zubair a committee will be formed to reduce the size of the government. In the power sector alone, as many as 19 state owned companies are operating at both provincial and federal levels. “The size of the government is too strong and too heavy”, said Zubair…
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The government might also want to look at private running of some railways routes, like Khyber Train Safari. Amazing that the service that British started in 1926, we cannot resume in 2013.
wait for strikes in Pakistan Steel stuffed with Jiyalas
I'm fine with this as long as its transparent and not like the sell-out of PTCL, shares were soled way less than their real worth, and payment has still not been received in full.
Ittefaq foundries is already on lien with the govt in lieu of the 4 billion loan write off that the Sharifs took for Hudaibiya mills. Stay order zindabad.
Privatization under PML-N brings back horrible memories. Absolute lack of transparency, and an obscene amount of favoritism was their hallmark during the privatization drive of the early 90s. Hope they get better advice this time, and there is better oversight of their actions.
