Ministry of Privatization

What Ministry of Privatization does

The Ministry of Privatisation and Privatisation Commission is a federal statutory body of the Government of Pakistan headquartered in Islamabad, tasked with implementing the country's privatisation programme originally established under the 1994 Privatisation Policy. Its core function is the identification, structuring, and execution of divestments of state-owned enterprises across aviation, banking, housing finance, power distribution, hospitality, and airport infrastructure sectors, operating through a formal institutional framework that includes the Cabinet Committee on Privatisation (CCoP), the Privatisation Commission Board, and a dedicated Management Team led by the Adviser to the Prime Minister on Privatisation. Its core products and services are not commercial offerings but rather transaction mandates: completed divestments include Pakistan International Airlines (PIACL, Rs. 180 billion deal), First Women Bank Limited (sold to UAE-based IHC), and Services International Hotel Lahore, while active mandates cover the first batch of power distribution companies (FESCO, GEPCO, IESCO), House Building Finance Company Limited (HBFCL), and the outsourcing of Islamabad International Airport operations. The Commission operates no commercial revenue model and is funded through federal budget allocations; it generates value for the Government of Pakistan through competitive, transparent sale processes (Expression of Interest, Share Purchase and Subscription Agreements, Financial Advisory Services Agreements) and supports domestic and international investors seeking exposure to Pakistani state-owned enterprises, with tier-one international advisers (EY, Alvarez & Marsal, KPMG, Asian Development Bank) engaged across multiple parallel transactions.

Name

Ministry of Privatization

Legal name

Ministry of Privatisation - Privatisation Commission

Website

https://privatisation.gov.pk

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

The Ministry of Privatisation and Privatisation Commission is the Government of Pakistan's federal statutory body that identifies, structures, and executes divestments of state-owned enterprises across aviation, power, banking, housing finance, and infrastructure sectors to private domestic and international investors.

Ownership category

akta.pro rank

Product category

Public Sector Privatisation Services

NAICS

Public Finance Activities (92113), Executive, Legislative, and Other General Government Support (921)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Public Asset & Investment Management (BPAIAEAG)

Keywords

• State enterprise divestment
• Public sector privatization
• Government asset sales
• Transaction advisory services
• Soe restructuring

Headquarters

HQ city

Islamabad

HQ country

Pakistan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others, Marketing or Sales

Distribution channels1 record

Marketing channels4 records

Core offering

The Ministry of Privatisation and Privatisation Commission is the federal government body mandated to identify, structure, and execute the divestment of Pakistan's state-owned enterprises to private sector investors. It oversees the privatisation of public sector entities across aviation, power distribution, banking, housing finance, and hospitality sectors through transparent, competitive bidding processes, concluding transactions such as the sale of First Women Bank Limited and the First Financial Closing of Pakistan International Airlines Corporation Limited (PIACL). The organisation works with international financial advisers under Financial Advisory Services Agreements (FASA) and Transaction Advisory Services Agreements (TASA) to deliver these transactions.

Product overview

The Ministry of Privatisation operates as a platform facilitating the Government's ongoing privatisation programme. The organisation manages a portfolio of transactions across key sectors including aviation (PIA, Islamabad International Airport), power distribution (FESCO, GEPCO, IESCO), housing finance (HBFCL), and banking (First Women Bank). The core service offering consists of identifying, structuring, and executing the divestment of state-owned enterprises to private investors through transparent, competitive bidding processes.

Differentiator

Problem solved

Functional benefit

Products and services

• Pakistan International Airlines (PIA) Privatisation Privatisation of Pakistan's national airline, Pakistan International Airlines Corporation Limited (PIACL), through Share Purchase and Subscription Agreement with an investor consortium led by Arif Habib Corporation Limited. Total investment commitment of Rs. 180 billion, including Rs. 55 billion for PIACL shares and Rs. 125 billion for equity injection. First Financial Closing completed in June 2026 with management control transfer.
• Batch-I DISCOs Privatisation (FESCO, GEPCO, IESCO) Privatisation of three state-owned power distribution companies: Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO), and Islamabad Electric Supply Company (IESCO), forming the first batch of Power Distribution Companies (DISCOs) under the national privatisation programme.
• House Building Finance Company Limited (HBFCL) Privatisation Privatisation of state-owned housing finance company, House Building Finance Company Limited (HBFCL), through acquisition of up to 100% of shares. The KPMG consortium (with Bridge Factor) was approved as Financial Adviser to structure the transaction.
• First Women Bank Limited (FWBL) Privatisation Completed privatisation of First Women Bank Limited, concluded with signing of contract with Eve Holding RSC Limited, a subsidiary of UAE-based International Holding Company (IHC), on October 17, 2025. The transaction transferred ownership of the state-owned bank to the UAE-based strategic investor.
• Services International Hotel, Lahore (SIH) Privatisation Completed privatisation of Services International Hotel, Lahore, concluded with signing of sale agreement between Punjab Cooperative Board for Liquidation (PCBL), Lahore Development Authority (LDA), Privatisation Commission, and the buyer Civic Company (Pvt) Limited (CCCL).
• Islamabad International Airport (IIAP) Operations Outsourcing Outsourcing of operations at Islamabad International Airport (IIAP) to qualified private sector operator under a long-term concession framework. The Asian Development Bank was appointed as Financial Adviser through a Transaction Advisory Services Agreement (TASA) signed on July 10, 2026 to structure the concession.

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• BDO Ebrahim & CompanysupportingImplementation/ SI/ Consulting PartnerAppointed as external auditors for audit of three financial years from 2025-26 to 2027-28 on recommendation of the Audit Committee of the Board.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• BNDES (Banco Nacional de Desenvolvimento Econômico e Social): Brazil's national development bank that played a central role in privatizing state enterprises across federal, state, and municipal levels — a broader incumbent with a wider development mandate but the most direct Latin American comparator for managing large-scale public-sector divestments.
• Khazanah Nasional Berhad, Malaysia: Malaysian sovereign wealth fund that manages and restructures government-linked companies — comparable as a state-owned holding/asset management vehicle with privatization and corporate restructuring mandates, though it operates as an investment holding rather than a transactional privatization commission.

Others

• International Finance Corporation (IFC): World Bank Group member focused on private-sector development in emerging markets, including advising governments on privatization transactions — comparable as an enabling institution providing transaction advisory and reform support similar to EY/A&M/ADB engagements seen in Pakistan's pipeline.
• Advisory partners on Pakistan's privatization pipeline — Alvarez & Marsal, EY, KPMG (illustrative, not a single peer): The Commission regularly partners with the global Big Four and Tier-1 advisory firms (Alvarez & Marsal for consolidated advisory, EY for PIACL, KPMG for HBFCL, ADB for IIAP) — these firms form the transactional comparator set because privatization commissions globally compete to attract this same advisor cohort.

Direct peers

• National Center for Privatization & PPP (NCP), Saudi Arabia: Saudi government entity tasked with delivering the Kingdom's privatization and PPP programme across sectors, including aviation, healthcare, and utilities — comparable to Pakistan's Commission in its multi-sector state-asset divestment mandate and use of international financial advisers.
• Department of Investment and Public Asset Management (DIPAM), India: India's central government department under the Ministry of Finance responsible for divestment of central public sector enterprises — directly comparable in mandate to Pakistan's Privatisation Commission, including managing strategic sales, IPOs/FPOs of state-owned entities, and policy oversight.
• UK Government Investments (UKGI): Arm's-length body advising the UK government on the management and disposal of its commercial investments, including privatizations and corporate governance of state-owned assets — a near-perfect structural analogue to Pakistan's Privatisation Commission given its exclusive mandate and use of external financial advisers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat2 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/PrivComPakistan
• Facebookfacebook.com/privatisationcommissionofpakistan
• LinkedInlinkedin.com/company/jamshoro-power-company-limited-

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

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M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ministry of Privatization