The government has already shared its privatisation plan with the International Monetary Fund (IMF) during recent meetings held in Islamabad. The CCI, in its meeting held on September 12, 1993 approved the strategic plan for privatisation of Wapda in a phased manner. As the scope of privatisation programme expanded with time, the CCI in its meeting on May, 25, 1997 and August 2, 2006 granted ex post facto approval to divestments of entities proposed by the PC besides approving the proposed privatisation programme for early implementation.
After the 18th Amendment to the Constitution, the CCI reaffirmed its earlier decision of privatisation of power sector generation and distribution entities on April 28, 2011. According to a summary prepared by the Privatisation Commission, the present government, as part of its economic agenda, is committed to putting the privatisation of SOEs on fast track. The Ministry of Finance, Revenue, Economic Affairs, Statistics and Privatisation has sent the summary to the concerned ministries and provincial governments for comments prior to submission to the CCI headed by the Prime Minister. The PC has proposed that the CCI may reaffirm its earlier decision(s) regarding privatisation programme and approve the list of entities to be privatised. The proposed list is as follows:
Banking and Finance: (i) National Investment Trust Limited (NITL); (ii) Small and Medium Enterprises (SME) Bank; (iii) Allied Bank Limited (ABL); (iv) First Women Bank Limited (FWBL); (v) United Bank Limited (UBL); (vi) Habib Bank Limited (HBL); (vii) National Bank of Pakistan (NBP); (viii) National Insurance Company Limited (NICL); (ix) Pakistan Reinsurance Company Limited (PRCL); (x) State Life Insurance Corporation (SLIC) and; (xi) House Building Finance Corporation (HBFC).
Energy Sector: (i) Oil and Gas Development Corporation Limited (OGDCL); (ii) Pakistan Arab Refinery (PARL); (iii) Pakistan Petroleum Limited; (iv) Pakistan State Oil Company Limited (PSO); (v) Sui Northern Company Limited (SNGPL); (vi) Sui Southern Gas Company Limited (SSGCL); (vii) Mari Petroleum Company Limited (MPCL- formally Mari Gas); (viii) Government Holding Private Limited (GHPL); (ix) National Power Construction Company (NPCC); (x) Islamabad Electric Supply Company (Iesco); (xi) Faisalabad Electric Supply Company (Fesco); (xii) Lahore Electric Supply Company (Lesco); (xiii) Gujranwala Electric Power Company (Gepco); (ix) Multan Electric Power Company (Mepco); (x) Peshawar Electric Supply Company (Pesco); (xi) Hyderabad Electric Supply Company (Hesco); (xii) Quetta Electric Supply Company (Qesco); (xiii) Sukkur Electric Power Company (Sepco); (xiv) Kot Addu Power Company(Kapco); (xv) remaining shares of KESC; (xvi) Jamshoro Power Generation Company Limited-JPCL (Genco-I); (xvii) Central Power Generation Company Limited-NPGCL (Genco-III) and; (xviii) Lakhra Power Generation Company Limited-LPGCL (Genco-IV).
Fertilisers: National Fertilizers Corporation (NFC), its units and subsidiaries.
Engineering: (i) State Engineering Corporation (SEC) and its units and subsidiaries; (ii) Pakistan Engineering Company (Peco); (iii) Pakistan Machine Tool Factory (PMTF); (iv) Sindh Engineering Limited (SEL); (v) Heavy Electrical Complex (HEC); (vi) National Construction Limited (NCL); (vii) Pakistan Steel Mills Corporation and its units and; (viii) Pakistan Steel Fabricating Company Limited.
Mineral and Natural Resources: (i) Pakistan Mineral Development Corporation (PMDC); (ii) Lakhra Coal Mines (now Lakhra Coal Development Company) and; (iii) Saindak Development Corporation (SDC).
Automobiles: (i) Morafco Industries (machinery on as is where is basis) and; (ii) Republic Motors Limited (RML).
Infrastructure: (i) Civil Aviation Authority (CAA); (ii) Port Qasim Authority (PQA); (iii) Karachi Port Trust (KPT) and; (iv) National Highway Authority (NHA).
Transport: (i) Pakistan International Airlines Corporation (PIAC); (ii) Pakistan National Shipping Corporation (PNSC) and; (iii) Pakistan Railways & its allied facilities, factories, workshops, etc.
Tourism: (i) Services International Hotel, Lahore and; (ii) PIA-Investment Limited (Roosevelt Hotel - New York and Scribe Hotel, Paris).
Corporations & others: (i) Pakistan Industrial Development Corporation (PIDC); (ii) Utility Stores Corporation (USC); (iii) Trading Corporation of Pakistan (TCP); (iv) Cotton Export Corporation of Pakistan; (v) Rice Export Corporation of Pakistan; (vi) Export Processing Zone Authority (EPZA); (vii) Printing Corporation of Pakistan (PCP); (viii) National Book Foundation (NBF); (ix) Convention Centre Islamabad and; (x) Shalimar Recording Company. Official documents reveal that PC, in terms of Privatisation Commission Ordinance 2000 has been mandated to conduct the privatisation of various SOEs.