Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Gen V Season 2 trailer
    Videos

    Gen V Season 2 Trailer Cast, Plot, Premiere Details

    July 26, 2025 3 Min Read
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Federal Government Plans Closure of State-Owned Enterprises
PhotoNews PakistanPhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
Pakistan ministers New salary
PhotoNews Pakistan > Pakistan > Federal Government Plans Closure of State-Owned Enterprises
Pakistan

Federal Government Plans Closure of State-Owned Enterprises

Web Desk
By Web Desk Published September 26, 2024 2 Min Read
Share
Pakistan Prime Minister House, Government of Pakistan's emblem
SHARE

The federal government has drafted recommendations to shut down several state-owned entities as part of its right-sizing initiative.

According to sources, various departments are earmarked for closure under these right-sizing efforts. The Utility Stores Corporation should be privatized or closed.

Additionally, sources indicated that the closure of the Karachi Tools, Dyes and Moulds Centre, affiliated with the Ministry of Industries and Production, is recommended. Proposals are also in place to shut down the National Productivity Organization and the Pakistan Industrial Technical Assistance Centre.

Read: IMF Pushes for Privatization: Spotlight on Pakistan’s Utility Stores

Plans for closing the Technology Upgradation and Skill Development Company have also been prepared.

The National Assembly’s privatization committee, chaired by MQM’s Farooq Sattar, was briefed that the privatization bid for Pakistan International Airlines (PIA) is scheduled for October 1st. This announcement was made during a session held on Tuesday.

In August, the federal cabinet approved privatising two departments under the Petroleum Division: the Pakistan Mineral Development Corporation and Saindak Metals Limited (SML). The petroleum division’s ENAR Petrotech Services Pvt Ltd will also be dissolved.

Decisions regarding other departments within the division, such as Pakistan State Oil (PSO), Pak-Arab Refinery Limited, and the Sui Gas Companies, remain pending.

TAGGED:FeaturedPak­istan
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

Kylie Jenner King Kylie backlash

Kylie Jenner’s ‘King Kylie’ Campaign Faces Backlash Over Police Imagery

"Lionel Messi", "Cristiano Ronaldo's Record"

Cristiano Ronaldo Sets Record for Most Penalty Misses in Football History

KP CM election crisis 2025

Governor Rejects Gandapur’s Resignation, KP Chief Minister Election Faces Legal Risks

Post Archives

More Popular from Photonews

KSE-100 decline October 2025
Business

KSE-100 Drops 736 Points on October 09 2025 Amid Heavy Selling

2 Min Read
India cough syrup deaths
World

India Bans Respifresh, RELIFE Cough Syrups After 17 Child Deaths

2 Min Read
Karnataka menstrual leave policy
Offbeat

Karnataka Introduces Menstrual Leave Policy for Women

2 Min Read
Khyber Pakhtunkhwa

Ali Amin Gandapur Resigns as Khyber Pakhtunkhwa Chief Minister

Ali Amin Gandapur resigned as Chief Minister of Khyber Pakhtunkhwa (KP), following his removal as PTI’s…

October 9, 2025
Entertainment

Gene Simmons Recovering After Malibu Car Accident

Gene Simmons, the iconic KISS bassist and co-lead singer, was hospitalised following a car accident on…

October 10, 2025
Tech

UK CMA Limits Google Search Monopoly with New Regulations

The UK’s Competition and Markets Authority (CMA) designated Alphabet-owned Google as having strategic market status in…

October 11, 2025
Tech

Spotify and ChatGPT Launch AI-Powered Music Discovery in Pakistan

Spotify unveiled its ChatGPT integration, transforming music discovery in Pakistan and 144 other countries. Available on…

October 7, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?