To resolve fiscal imbalances, the Special Investment Facilitation Council is concentrating on the open privatization of State-Owned Enterprises.
SIFC is overseeing the privatization of First Women Bank, Distribution Companies, Pakistan International Airlines, and other companies in the first phase.
Amounts owed by PIA to discos of more than Rs. 376 billion have escalated from Rs. 200 billion to Rs. 830 billion.
Reducing these financial problems and allocating funds for public good is the aim of transparent privatization.
The privatization of an entity will only be considered for those that meet certain requirements.
Historical examples of the potential advantages of privatization include the Telecom Sector and Habib Bank.
