(MEBG) – Pakistan is finalizing arrangements for a regulatory framework that is necessary ahead of the planned privatization of the country’s multi-billion dollar petroleum sector. The country’s Privatization Commission has proposed a unified and autonomous regulatory body to manage smooth transition of state-owned firms into private hands.
The commission’s proposal is under study at the Ministry of Law, which is responsible for all the regulatory bodies created for the post-privatization in the petroleum and power sectors.
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