Who Owns Pakistan - Yimg
Who Owns Pakistan - Yimg
Who Owns Pakistan - Yimg
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day Privatization Conference in Islamabad on March 30-31 that the list of units<br />
marked for privatization was swelling everyday because more and more units<br />
were being identified for privatization.<br />
" the government has a declared policy of divesting as much of its enterprises as<br />
practical, and is confining the ownership and management to those assets only,<br />
which are either strategically important, or which the private sector is unable to<br />
own or manage," Zafar Ali Khan, Secretary, Privatization Commission declared at<br />
the conference.<br />
The major units marked for privatization by second Nawaz government inclue<br />
<strong>Pakistan</strong> Railways, WAPDA, KESC, <strong>Pakistan</strong> Telecommunication Corporation,<br />
Sui Northren Gas Pipeline, Sui Southern Gas Company, OGDC, recently<br />
acquired <strong>Pakistan</strong> Petroleum Ltd, Saindac Copper Project, Pak-Saudi Fertiliser,<br />
Pak-Arab Fertiliser, Heavy Electrical Complex, Hevy Mechanical Complex,<br />
<strong>Pakistan</strong> Steel, National Shipping Corporation, National Tanker Company, Habib<br />
Bank Ltd. United Bank, National Bank, National Development Finance<br />
Corporation (NDFC), Industrial Development Bank of <strong>Pakistan</strong>, National<br />
Investment Trust, Investment Corporation Of <strong>Pakistan</strong>, Karachi Shipyard and<br />
Engineering Works, Convention Centre Islamabad, landside of PIA, facilities at<br />
40 airports and two major ports, Karachi Water and Sewerage Board and WASA<br />
Lahore. Several of these projects were never considered for privatization in past.<br />
According to PTV, a special cabinet meeting on March 2, 98 decided that the<br />
stateland owned by Federal Government, four provincial governments and all the<br />
government departments will be disposed off to generate cash for the cashstarved<br />
government. Prime real estate of PTDC, GTS and federal lodges in<br />
Murree have already been sold. Chamba House in Lahore which has been<br />
providing residence to federal employees in Lahore is next to be auctioned.<br />
Provincial governments of Punjab, Sind and NWFP have set up their own<br />
privatization commissions and announce their own privatization plans.<br />
" Golden opportunity for sound investment" proclaimed advertisements by Sind<br />
Privatization Commission in the National Newspapers in the last week of March<br />
1998 while announcing the auction of " most valuable lands" comprising<br />
industrial, commercial, residencial, flat sites, agricultural in and around Karachi,<br />
Hyderabad, Thatta, Badin. Other units and property for which intersted parties<br />
were advised to contact Chairman, Privatization Committee included two evacue<br />
cinema houses in Hyderabad, Milk Plant near civic centre (37 acres), livestock<br />
form near air port, Korangi livestock form (300 acres), Tando Mohammad Khan<br />
livestock form, Kundi form near Rohari, KTS depots, 34 self propelling combined<br />
harvesters.<br />
All units of Punjab Idustrial Development Board (PITB) and Sarhad Development<br />
Authority are being sold. A seperate desk is being set up in Privatization<br />
31