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Govt. ready for privatization of several important institutions: Zubair

ISLAMABAD: Federal government has completed preparations for the preparations of several government institutions including Steel mills, PIA during next fiscal year, while Chairman Privatization Commission Mohammed Zubair said that next fiscal year will be better for privatization.

Talking to AbbTakk News, Chairman Privatization Commission Mohammed Zubair told that next fiscal year will be best year in terms of privatization of national institutions and the income generated by them. He said that government will sell shares of electricity distribution companies in Lahore, Islamabad and Faisalabad.

According to Chairman Privatization Commission PIA, KAPCO, Mauripur, Heavy Electric Complex and SME Banks will be privatized during next fiscal year. Mohammed Zubair said that it was difficult to proceed with privatization process during this fiscal year, hence there is no harm for delay to create reconciliation atmosphere.