The federal government has announced plans to privatize additional state-owned enterprises (SOEs) as part of its rightsizing policy. This initiative aims to streamline government operations and reduce expenditures.

Prime Minister Shehbaz Sharif has directed the Ministry of Privatisation and the Ministry of Industries and Production to spearhead the implementation of this privatization strategy. According to reports, the Pakistan Stone Development Company and the Pakistan Automobile Corporation are among the entities identified for privatization by the Ministry of Industries and Production.

In addition, proposals have been finalized for the privatization of several other entities, including the Pakistan Institute of Management, Khadi Crafts Development Company, Agro Food Processing Facilities, Leather Crafts Development Company, Morafco Industries, Southern Punjab Embroidery Industry, and Gujranwala Business Centre.

The government also plans to privatize the Pakistan Chemical and Energy Sector Skill Development Company and the Spin Yarn Research and Development Company. The primary focus of the federal government will be on privatizing these entities, with liquidation being considered as an alternative option.

To further reduce the size and expenses of the federal government, various proposals are under consideration, including the closure, privatization, and merger of departments.

To oversee these efforts, Prime Minister Sharif has established a high-powered Right-Sizing Committee, chaired by Finance Minister Muhammad Aurangzeb. This committee is tasked with evaluating and implementing measures to optimize government operations and improve efficiency.