Islamabad (Web Desk) Privatization of 2 petroleum division companies has been approved, including Sendak Metal Limited and Pakistan Mineral Development Corporation.
According to the details, the federal cabinet has approved the privatization of 2 institutions of the petroleum division, the cabinet has approved the privatization of Pakistan Mineral Development Corporation.
The Cabinet also approved the privatization of Sendak Metal Limited while Enarpetro Tech Services Limited will be closed down.
The government could not make a decision regarding other institutions, the future of PSO, gas companies Parkwarsui is not clear yet.
The Petroleum Division left the decision of the privatization of other agencies to the government, what happens to the LNG contract on the privatization of PSO, the government will consider.
Privatization of the park will not be possible without taking the UAE into confidence, also consider.
Pak Arab Refinery Limited is a joint venture between Pakistan and UAE, but the government will decide on the privatization of PSO, Sui Northern, Southern Gas Companies.
Read more: Important decision of Utility Stores Corporation on the government project
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