Abb Takk News

Federal Govt Presents List of Entities For Privatization in Senate

ISLAMABAD: The federal government has presented the list of national entities slated for privatisation which include Roosevelt Hotel in New York owned by Pakistan International Airlines (PIA), Pakistan Steel Mills (PSM), Nandipur power plant and 16 others.

A list containing names of 19 government institutions was presented in the Senate session by the federal government which are slated for privatisation.

The state-owned entities include Roosevelt Hotel in New York owned by the national carrier, Pakistan International Airlines (PIA), Balloki power plant, Haveli Bahadur Shah power plant, SME Bank, First Women Bank, Pakistan Steel Mills (PSM), Pakistan Engineering Company, Services International Hotel, Jinnah Convention Centre, Mari Petroleum, Nandipur power plant, State Life Insurance Corporation, Oil and Gas Development Company (OGDCL), Pakistan Petroleum Limited (PPL) and Giddu power plant.