Govt plans gradual privatization of loss-making state enterprises

Minister for Energy Musadik Malik has said the government intends to privatize all the loss-making State-Owned Enterprises, including the Pakistan Minerals Development Corporation, in a gradual manner. Replying to a Calling Attention Notice, moved by Asad Qaisar and others, regarding the proposed privatization of the Pakistan Minerals Development Corporation, he said there are 2000 employees working in the PMDC and none of them is doing mining job. He, however, made it clear that it is prerogative of the provinces either to continue or privatize their companies under their command. Source: Radio Pakistan