ISLAMABAD:

The federal government has unveiled an ambitious five-year privatisation roadmap, detailing plans to privatise 24 state-owned enterprises (SOEs) in three phases.

The framework was presented in the National Assembly on Thursday by the Ministry of Privatisation. According to the plan, 10 institutions will be privatised in the first phase, 13 in the second, and one in the final phase.

Among the entities topping the list are the Pakistan International Airlines (PIA) and the Roosevelt Hotel in New York, both of which have been earmarked for early-stage privatisation, the house was informed.

Other institutions included in the first phase are First Women Bank, House Building Finance Corporation, Zarai Taraqiati Bank, Sindh Engineering, Islamabad Electric Supply Company, Faisalabad

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