The Cabinet Committee has received a summary from the Petroleum Division for the sale of PSO, PARCO, and Sui gas firms.
The Petroleum Division’s assessment, according to sources, indicates that the federal government ought to have the last say over whether or not to privatize these organizations.
The synopsis points forth a number of intricacies that the privatization process must handle.
The effect of privatizing PSO on current LNG agreements is one of the main concerns mentioned. The synopsis highlights the need for the government to thoroughly weigh the difficulties involved in making such a decision.
Similar to this, as Pak Arab Refinery Limited is a joint venture between Pakistan and the United Arab Emirates, consultation with the UAE is required before privatizing PARCO.
