Govt could miss privatisation target of PSEs, face Rs 150b deficit

ISLAMABAD: In the wake of the fast spreading coronavirus situation in the country and travel restrictions, the Prime Minister Imran Khan-led government of the Pakistan Tehreek-e-Insaf (PTI) could miss the timeframe for privatisation of public sector entities despite commitment with the International Monetary Fund (IMF), a local newspaper reported on Wednesday. 

This will create a budget deficit of Rs150 billion from privatization proceeds in 2019-20. The federal government had planned divestment of shares of six entities including Mari Petroleum, SME Bank, Guddu Power Plant, Services International Hotel, Lahore, and 27 other government properties.

Monitoring Desk
Monitoring Desk
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