The federal government's main goal is to privatize several institutions, with the backup plan to shut them down if privatization doesn’t work.
A plan has been prepared to privatize various organizations as part of the government's efforts to streamline operations. The Prime Minister has asked the Ministry of Privatization and Industry to handle this process.
Institutions identified for privatization include the Pakistan Stone Development Company, Pakistan Automobile Corporation, Pakistan Institute of Management, Khadi Crafts Development Company, Agro-Food Processing Company, Leather Crafts Development Company, and Morafik Industries.
Other entities, like the Southern Punjab Embroidery Industry and Gujranwala Business Center, are also part of this list.
In addition, the Pakistan Chemical and Energy Sector Skills Development Company and the Spin Yarn Research and Development Company are set for privatization.
Previously, the federal cabinet approved privatizing two departments under the Petroleum Division: the Pakistan Mineral Development Corporation and Saindak Metals Limited (SML). ENAR Petrotech Services Pvt Ltd, another department under the Petroleum Division, will be dissolved.
However, the government has not yet decided what to do with other departments in the Petroleum Division, such as Pakistan State Oil (PSO), Pak-Arab Refinery Limited, and the Sui Gas Companies.
