The government has assured the IMF to speed up privatisation, with power companies to be sold from 2027
Published 1 hour ago | By Pak24tv
The federal government has presented a detailed privatization roadmap to the IMF mission. 51 to 100 percent shares of IESCO, GEPCO and FESCO will be sold by early 2027 and management control will also be transferred to the private sector. If this privatization is not possible, a proposal to merge some companies is also under consideration.
Work is underway to privatize a total of 27 government entities. The privatization agreements of PIA and First Women Bank have been completed, but there has been a delay in the appointment of a new financial advisor for Roosevelt Hotel.
A plan to phase out tax incentives given to Special Economic Zones by 2035 was also shared with the IMF. The government also said that the appointment of independent boards in most commercial government entities has been completed.
The government also assured the IMF that the state's role in the economy would be limited, the tax net would be expanded, electricity and gas prices would be kept in line with costs, and vulnerable groups would be protected through targeted assistance. The IMF has called transparency and anti-corruption measures essential for successful privatization.