Wednesday, December 23, 2009
ISLAMABAD: The privatisation process of 23 state-owned entities (SoEs) has been stepped up, Federal Minister for Privatisation Waqar Ahmed Khan said while talking to media on Tuesday.
The minister said that among 23 active transactions the major ones included Pakistan Post Office Department (PPOD), Faisalabad Electric Supply Company (FESCO), Hyderabad Electric Supply Company (HESCO), Peshawar Electric Supply Company (PESCO), Quetta Electric Supply Company (QESCO), Utility Store Corporation and Stores, Kot Addu Power Company (KAPCO), Jamshoro Power Company Limited (JPCL), National Power Construction Company (NPCC), SME Bank Limited, Pakistan Machine Tool Factory and Heavy Electrical Complex (HEC).
Khan further informed that marketing efforts have been geared up inside and outside the country to bring in investment. Domestic and international investors were being approached in view of the improved investment climate.
All efforts were being made to attract potential business groups to participate in the privatisation programme for improvement in the economy by bringing fresh investments, generating more taxes and employment, increasing production and improving quality and efficiency.
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