The Cabinet Committee on Privatisation (CCOP) approved 24 entities for the Privatisation Programme 2024-29.
The CCOP, chaired by Deputy Prime Minister and Foreign Minister Senator Ishaq Dar, also decided that the inclusion of other State Owned Entities (SOEs) in the Privatisation programme will be taken upon completion of the review by the Cabinet Committee on State-Owned Enterprises (CCoSoEs) regarding categorisation of Strategic/Essential SOEs.
After deliberating on the Privatisation policy guidelines, the CCOP considered 84 SOEs reflected in the federal footprint SOEs consolidated report FY2020-22 in detail in light of the SOE Act and Policy.
The CCOP was presented with a phased Privatisation Programme (2024-29) by the Ministry of Privatisation, based on the recommendations of the PC Board, in terms of Section 5(b) of the Privatisation Commission Ordinance 2000.
The CCOP recommended that priority should be accorded to reducing the federal footprint in commercial space and limiting it to the strategic and essential SOEs only. The CCOP emphasised that even SOEs making profits would also be considered for privatisation.
