Rightsizing Strategy
ISLAMABAD: The federal government of Pakistan has announced its intention to privatize additional state-owned enterprises (SOEs) as part of its rightsizing policy, according to a report.
Prime Minister Shehbaz Sharif has directed both the Ministry of Privatisation and the Ministry of Industries and Production to oversee the implementation of this privatization plan.
As part of this initiative, sources indicate that the Pakistan Stone Development Company and the Pakistan Automobile Corporation have been identified for privatization by the Ministry of Industries and Production.
Furthermore, proposals have been finalized for the privatization of several other entities, including the Pakistan Institute of Management, Khadi Crafts Development Company, Agro Food Processing Facilities, Leather Crafts Development Company, Morafco Industries, Southern Punjab Embroidery Industry, and the Gujranwala Business Centre.
In addition to these entities, the government is also looking to privatize the Pakistan Chemical and Energy Sector Skill Development Company and the Spin Yarn Research and Development Company.
The overarching priority for the federal government is to expedite the privatization of these organizations. If privatization is not feasible, the alternative option of liquidating these departments will be considered.
The government is exploring a variety of proposals aimed at reducing the size and expenses of the federal administration. This includes not only the privatization and liquidation of certain departments but also the possibility of mergers with other entities to streamline operations.
To effectively manage this rightsizing process, the prime minister has established a high-powered Rightsizing Committee chaired by Finance Minister Muhammad Aurangzeb.
This committee is tasked with evaluating the current state of government enterprises and formulating actionable strategies for their privatization or restructuring.
The government’s decision to pursue this course of action reflects a broader trend aimed at improving efficiency and reducing financial burdens associated with state-owned enterprises.
By prioritizing privatization, the federal government hopes to enhance operational efficiency, attract private investment, and ultimately foster a more sustainable economic environment.
This initiative is expected to play a significant role in the country’s economic restructuring efforts and in addressing the fiscal challenges faced by the government.
I am a dynamic professional, specializing in Peace and Conflict Studies, Conflict Management and Resolution, and International Relations. My expertise is particularly focused on South Asian Conflicts and the intricacies of the Indian Ocean and Asia Pacific Politics. With my skills as a Content Writer, I serve as a bridge between academia and the public, translating complex global issues into accessible narratives. My passion for fostering understanding and cooperation on the national and international stage drives me to make meaningful contributions to peace and global discourse.
