The Cabinet Committee on Privatisation (CCoP) is scheduled to meet on Friday (Aug 2 2024) to approve Privatisation Programme 2024-25, besides transfer of 322,640.900 shares of OGDCL to Petroleum Division or Pakistan Sovereign Wealth Fund (PSWF)
The CCoP is set to approve 24 SOE (State Operated Enterprises) for privatization. This is in line with one of the conditions for the new IMF program and that is to reduce/end GOP deficit on maintaining loss making SOE’s.
Pakistan set to greenlight Privatization for current FY-2025