| GEO Business|
| Cabinet approves privatization of 57 SOEs: minister|
| Updated at: 1715 PST, Friday, March 05, 2010|
LAHORE: Federal Cabinet has approved privatization of 57 state-owned entities (SOE), which will be completed in nine months, this was stated by Federal Minister for Privatization, Waqar Ahmed.
He was speaking to the media men after attending a meeting at Wapda House here today.
He said that foreign investors are interested in purchasing OGDCL, Utility Stores Corporation and Postal Service, and shares of OGDCL will soon be offered for sale.