To date, Government of Pakistan had completed or approved 172 transactions at gross sale price of Rs 648.954 billion. The sources of the proceeds have been shown in the figure 1.
About 66% of the proceeds received were transferred to the Federal Government, 28% was returned to legal entities whose shares were sold, 4% was used for restructuring expenses associated largely with golden handshakes and rehabilitation, and 2% was used for PC’s privatisation-related expenditures (Figure 2).
While almost all the transactions were settled in local currency, about 66.3% of the proceeds have been received in foreign exchange from transactions pertaining to Kot Addu Power Plant (KAPCO), Oil & Gas Concessions, Habib Credit & Exchange Bank, United Bank Limited, Habib Bank Limited, KESC, PTCL, OGDCL and UBL. The table 2 provides the number of transactions privatised and sale proceeds received against these transactions.