ISLAMABAD: The Cabinet Committee on State-Owned Enterprises (CCoSOEs) has declared two banks “essential” entities, thus saving them from being privatised.
The committee’s meeting on Monday, chaired by Finance Minister Muhammad Aurangzeb, examined the status of SOEs for their probable handover to the private sector.
The meeting was also attended by Minister for Housing Riaz Hussain Pirzada, Minister for Maritime Affairs Qaiser Sheikh, Minister for Economic Affairs Ahad Cheema, SBP governor and SECP chairman.