Pakistan

ISLAMABAD (web Desk) – Federal Government has assured International Monetary Fund (IMF) of privatization of Pakistan Steel Mills (PSM), Pakistan International Airlines (PIA) and State Life Insurance Corporation of Pakistan (SLIC) in the ongoing year.


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Pakistan has provided a roadmap of the privatization spree under IMF’s Economic Reforms Programme.

According to the blueprint, steel mills would be privatized by September 2016. While by June, at least 26 percent shares of the national airlines would also be sold.

Meanwhile, the government is desirous of selling ten percent to 15 percent shares of the State Life, Kot Addu Power Company’s 40 percent and Mari Petroleum Limited’s 18 percent shares in the ongoing year.