15 national institutions deleted from privatisation list, Senate body told

ISLAMABAD: The Senate’s Standing Committee on Privatisation was informed that 15 national institutions have been deleted from the privatisation list while eight have been included.

The committee meeting was held on Tuesday under the chairmanship of Mir Muhammad Yousaf at the parliament lodges.

The meeting was told that most national institutions included in the privatisation list were in financial crisis. However, some were being privatised in order to improve their performances.

The privatisation secretary informed the meeting the 15 national institutions have been removed from the privatisation list. They included National Bank of Pakistan (NBP), Industrial Development Bank Limited (IDBL), Pakistan State Oil Company Limited (PSO), Sui Northern Gas Pipeline Limited (SNGPL), Sui Southern Gas Company Limited (SSGC), Civil Aviation Authority (CAA), Pakistan International Airlines Corporation (PIAC), Utility Store Corporation and its units, Pakistan Steel Mills Corporation, Pakistan Steel Fabricating Company Ltd, National Highway Authority (NHA), Pakistan Railways and its allied facilities, factories, workshops, National Corporation Limited (NCL), Trading Corporation of Pakistan (TCP) and Printing Corporation of Pakistan (PCP).

Eight institutions included in the list were SME Bank Limited, First Women Bank Limited, 1,233MW Balloki Power Plant, 1,230MW Haveli Bahadur Power Plant, Mari Petroleum Limited, Larhra Coal Mines (Now Lakhra Coal Development Company), Services International Hotel Lahore and Jinnah Convention Centre Islamabad.

Committee Chairman Mir Muhammad Yousaf directed to ensure that the rights of employees working in institutions that were being privatised should be protected.

The privatisation secretary said that Service International Hotel and Jinnah Convention Centre have vast land worth billions of rupees, which could be used for other purposes.

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