Government Proposes Shutdowns of Key Departments
According to sources, under the government’s right-sizing measures, different departments have been suggested for the shutdown.
It has been proposed to privatize or close the ‘Utility Stores Corporation’ sources here said.
“Karachi Tools, Dyes and Moulds Centre, a subsidiary of the Ministry of Industries and Production, has been suggested for closure,” sources said.
Sources said that a proposal has also been prepared to close the National Productivity Organization, while the Pakistan Industrial Technical Assistance Centre has also been suggested for closure.
Technology Upgradation and Skill Development Company
“A plan has been prepared for the proposed shutdown of the ‘Technology Upgradation and Skill Development Company’, according to sources.
The National Assembly’s privatization committee was earlier informed that the bidding for privatization of the Pakistan International Airlines (PIA) will be held on October 1st.
A session of the NA privatization committee, chaired by MQM’s Farooq Sattar, was informed on Tuesday that the PIA’s bidding has been scheduled for October 1st.
The federal cabinet in August approved the privatization of two departments under the Petroleum Division, reported citing sources.
The cabinet gave the green signal for the privatization of the Pakistan Mineral Development Corporation and the Saindak Metals Limited (SML).
As part of the privatization plans, the petroleum division’s department ENAR Petrotech Services Pvt Ltd will be dissolved.
However, the government has yet to decide on the fate of other departments under the division, including the Pakistan State Oil (PSO), Pak-Arab Refinery Limited, and the Sui Gas Companies.
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