The
process of privatization which started nearly ten years ago in
Pakistan could not maintain its momentum due to frequent changes of
governments but more importantly because of lack of clear cut policy
framework. The cover story discusses new strategy, priorities and mode
of the sale of the GoP stake in various state-owned enterprises.
Successful sale of LPG operations of SSGC and part of GoP share
holding in MCB has established earnestness of the government. The
decision to sell GoP holding in other entities is expected to attract
the attention of both local and foreign investors.
INDUS
MOTOR
A
strong financial performance during the half-year ended December 31,
2000 has raised the expectation of Indus Motor Company, the local
producer of Toyota Corolla and Daihatsu Cuore cars, to better its
profitability during the remaining year. PAGE highlights the
reasons.
UNISYS/HP
Hewlett-Packard
(HP) of Singapore has appointed Unisys Pakistan as their Corporate
Reseller in Pakistan. A formal agreement was signed at a simple but
impressive ceremony at Karachi Sheraton. Ashraf Jafri, country general
manager Unisys Pakistan, Colin Chow, general manager HP, Derek Seow,
Sales Director and Peter Quek HP's country manager in Pakistan were
present on the occasion. The two IT leaders were of the opinion
that highest growth rate of 18-20 per cent is taking place in the IT
sector of Pakistan offering investment opportunities for world IT
leaders.
