The World Bank has sought the revival of a stalled privatisation programme and bringing improvement in governance structures of 169 PSEs. Disclosure and transparencyThere are no requirements for beneficial ownership disclosure and group structures, according to the World Bank. Governance of PSEsThe World Bank included a chapter in its report on the affairs of PSEs in Pakistan that pointed to many flaws. The World Bank has recommended enacting a law that establishes an ownership framework for the PSEs and creation of a centralised ownership entity for PSEs’ governance. It has already identified priority based entities but the implementation process has stalled owing to political pressures, the World Bank proposed.

Source: The Express Tribune March 12, 2019 03:11 UTC