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16 more SOEs to be privatised in six months
12/30/2005
A total of 16 more state enterprises will be handed over to private sector in the remaining six months of this fiscal year, as the Privatisation Commission (PC) does not foresee any major hindrance coming out of election syndrome ahead, reports UNB.
Meanwhile, six industries have been turned over to private entrepreneurs in the year 2005.
The ongoing privatisation process is expected to keep pace next year with the performance in the outgoing year in divesting the state-owned enterprises (SOEs), which was claimed to be "very good".
"We've done a good job during the outgoing year and are expecting another good year in 2006," PC Chairman Enam Ahmed Chowdhury told the news agency Thursday.
He said an upcoming political unrest ahead of the next general election might affect the process but at a very minimum level as both the ruling BNP and the main opposition Awami League (AL) have been "very much willing" the privatisation process.
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