Pakistan government has informed the National Assembly that Pakistan Petroleum, National Power Construction and Oil and Gas Development Company would be privatized during 2012.

Minister for Privatization Mr Ghous Bux Khan Maher stated this during question hour in the House, saying that the Council of Common Interests has already approved the privatization of the three entities.

He said that Pakistan Steel Mills will also be privatized at an appropriate time, adding that at present the case of PSM was in the court of law and the market was also not favorable for its privatization.

(Sourced from brecorder.com)