By SKM
December01, 2025
ISLAMABAD: The Privatisation Commission (PC) Board, in its 243rd meeting chaired by Adviser to the Prime Minister on Privatisation Muhammad Ali, has approved key changes to the national privatisation programme, adding three state-owned enterprises (SOEs) to the active list while recommending the removal of two others.
According to a statement, the Board endorsed the inclusion of Saindak Metals Limited (SML), Pakistan Minerals Development Corporation (PMDC), and National Insurance Company Limited (NICL) in the Privatisation Programme. The decision follows a comprehensive review conducted by the PC’s Investment Committee, which evaluated 15 SOEs forwarded by their respective ministries for possible privatisation.
The Investment Committee found only three entities suitable in terms of viability and transaction readiness. The remaining 12 SOEs were deemed not feasible for privatisation and were therefore not recommended for inclusion.
Two Entities Removed from Programme
The Board also endorsed the delisting of Sindh Engineering Limited (SEL) and the Utility Stores Corporation (USC). SEL has been non-operational since 2007–08 and owns only litigation-encumbered land, while USC has already shut down its operations following a government directive, with liabilities far outweighing its assets.
Focus on Viability, Transparency, and Reform
Reaffirming its commitment to responsible privatisation, the PC Board stressed that the programme remains aligned with the government’s broader agenda for SOE reform and fiscal consolidation. It noted that only those enterprises meeting established viability and readiness benchmarks will be taken forward for privatisation.
For SOEs found unsuitable, the Board advised that administrative ministries explore alternative pathways, including restructuring or liquidation. This targeted approach, the Board emphasized, ensures that institutional capacity is dedicated to “credible, executable transactions” that support national economic objectives. Ends
