The Privatization Fee has set a 5-year program for privatization.
In response to sources, the Privatization Committee of the Cupboard will approve the brand new five-year privatization program on May 10. The Cupboard Committee will decide the targets for the primary 12 months and the following three years for privatization.
Sources say that the IMF had demanded a privatization roadmap for the brand new program, the IMF calls for that every one authorities business firms must be privatized instantly.
In response to sources, the Privatization Fee has really useful the primary privatization of loss-making authorities business firms, presently 87 business firms are working within the authorities sector.
Sources say that federal ministries have proposed to not privatize 39 authorities business firms, below the brand new regulation solely the finance ministry can declare an organization as strategic.
Sources say that the rights of workers shall be protected within the privatization of presidency business firms, it has additionally been proposed to offer a golden handshake to the workers, the Privatization Committee of the Cupboard will resolve the bundle for the workers.
