Summary
The Project will strengthen the Government of Pakistan's capacity to privatize and restructure its designated public sector enterprises (PSEs) by (i) strengthening the privatization program; (ii) improving corporate governance, structure, and management capacity in selected PSEs; and (iii) enhancing governance and regulatory regimes in selected sectors currently dominated by PSEs.
The expected impact of the project is a reduction of the fiscal and economic costs associated with Pakistan PSEs. The expected outcome is successful privatization and restructuring of selected PSEs. This will be measured through the number of government divestments from fiscally costly PSEs and the number of fiscally costly PSEs effectively restructured.
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Procurement Documents
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| Project Name |
Public Sector Enterprise Reforms Project |
| Project Number |
48031-001 |
| Country |
Pakistan |
| Project Status |
Active |
| Project Type / Modality of Assistance |
Loan
|
| Source of Funding / Amount |
| Loan 3214-PAK: Public Sector Enterprise Reform (TA Loan) |
|---|
| Asian Development Fund |
US$ 20.00
million
|
|
| Strategic Agendas |
Inclusive economic growth
|
| Drivers of Change |
Governance and capacity development
Private sector development
|
| Sector / Subsector |
Public sector management
- Economic affairs management
- Reforms of state owned enterprises |
| Gender Equity and Mainstreaming |
No gender elements |
| Description |
The Project will strengthen the Government of Pakistan's capacity to privatize and restructure its designated public sector enterprises (PSEs) by (i) strengthening the privatization program; (ii) improving corporate governance, structure, and management capacity in selected PSEs; and (iii) enhancing governance and regulatory regimes in selected sectors currently dominated by PSEs. The expected impact of the project is a reduction of the fiscal and economic costs associated with Pakistan PSEs. The expected outcome is successful privatization and restructuring of selected PSEs. This will be measured through the number of government divestments from fiscally costly PSEs and the number of fiscally costly PSEs effectively restructured. |
| Project Rationale and Linkage to Country/Regional Strategy |
The government has requested the Asian Development Bank and other development partners to support the strategic policy and financial requirements of the PSE reform and privatization agenda. The Project will finance technical assistance to PSE reforms. This assistance is aligned with the ADB country partnership strategy for Pakistan and is included in the country operations business plan 2014 -2016. |
| Impact |
Reduced fiscal and economic costs associated with Pakistan''s PSEs |
Project Outcome
| Description of Outcome |
Successful privatization and restructuring of selected PSEs |
| Progress Toward Outcome |
The Ministry of Finance is in the process of establishing the project management unit and recruiting its staff. The Ministry has advertised the position of the energy consulting firm. The Privatization Commission has not yet started recruitment of consultants under the Project. |
| Implementation Progress |
|---|
| Description of Project Outputs |
Strengthened privatization program Corporate governance, structure and management capacity improved in selected PSEs Governance and regulatory regimes enhanced in selected sectors currently dominated by PSEs Project efficiently and effectively managed |
| Status of Implementation Progress (Outputs, Activities, and Issues) |
Privatization transactions are proceeding without project support. Progress is being made without assistance from the project. Project activities have not yet started. The Ministry of Finance is in the process of establishing the project management unit and recruiting its staff. The Ministry of Finance and the Privatization Commission have not yet started recruitment of consultants under the Project. |
| Geographical Location |
Pakistan |
Safeguard Categories
| Environment |
C |
| Involuntary Resettlement |
C |
| Indigenous Peoples |
C |
Summary of Environmental and Social Aspects
| Environmental Aspects |
The Project will finance technical assistance to support government's reforms in public sector enterprises (PSEs). It is anticipated that it will have no adverse environmental impacts. |
| Involuntary Resettlement |
The Project does not include civil works with land acquisition. It will finance consulting services to support government's policy reforms. |
| Indigenous Peoples |
The Project will finance consulting services to support government's reforms in public sector enterprises (PSEs). The reforms will be applied across PSEs and are not expected to have adverse impacts on any specific minority ethnic groups in the country. |
| Stakeholder Communication, Participation, and Consultation |
|---|
| During Project Design |
The main stakeholders are PSEs management and staff, regulatory authorities, ministries, consumer organizations, and labor unions. Representatives of these stakeholders were consulted throughout project processing. The beneficiaries will primarily be the domestic, industrial, agricultural, and commercial clients of public goods and services provided by PSEs, who will gain from improved service delivery. Taxpayers and recipients of government services will indirectly benefit from reduced fiscal costs of PSEs. Workers in PSEs are expected to benefit from a consistent and fair approach to labor retrenchment to be provided through the mitigation framework for labor-related matters to be developed under the Project. |
| During Project Implementation |
Representatives of the stakeholders will continue to be consulted throughout project processing. The Project will prepare a public communications strategy to ensure transparency, understanding, and public support to PSE reforms by all stakeholders. The customer surveys to be financed by the Project will monitor service delivery and tariff structures of PSEs throughout project implementation, with specific consideration of poor consumers. |
Business Opportunities
| Consulting Services |
All consultants will be recruited in accordance with ADB's Guidelines on the Use of Consultants (2013, as amended from time to time). |
| Procurement |
All procurement of goods and works will be undertaken in accordance with ADB's Procurement Guidelines (2013, as amended from time to time). |
Responsible Staff
| Responsible ADB Officer |
Levan Mtchedlishvili |
| Responsible ADB Department |
Central and West Asia Department |
| Responsible ADB Division |
Energy Division, CWRD |
| Executing Agencies |
Ministry of Finance
[email protected]_CC.SDNPK.UNDP.ORG
Economic Affairs Div.
Rm. 308 Block "C" Secretariat Bldg
Islamabad, Pakistan
|
Timetable
| Concept Clearance |
18 Apr 2014 |
| Fact Finding |
31 Mar 2014
to 11 Apr 2014 |
| MRM |
06 Aug 2014 |
| Approval |
04 Dec 2014 |
| Last Review Mission |
-
|
| Last PDS Update |
30 Mar 2016 |
Loan 3214-PAK
| Milestones |
|---|
| Approval |
Signing Date |
Effectivity Date |
Closing |
| Original |
Revised |
Actual |
| 04 Dec 2014 |
27 Jan 2015 |
17 Apr 2015 |
30 Jun 2020 |
-
|
-
|
| Financing Plan |
Loan Utilization
|
|
Total (Amount in US$ million) |
Date |
ADB |
Others |
Net Percentage |
| Project Cost |
22.54 |
Cumulative Contract Awards |
| ADB |
20.00 |
04 Dec 2014 |
0.00
|
0.00 |
0% |
| Counterpart |
2.54 |
Cumulative Disbursements |
| Cofinancing |
0.00 |
04 Dec 2014 |
0.00
|
0.00 |
0% |
| Status of Covenants |
|---|
| Category |
Sector |
Safeguards |
Social |
Financial |
Economic |
Others |
| Rating |
-
|
-
|
-
|
-
|
-
|
Satisfactory |
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
None currently available.
None currently available.
Related Publications
None currently available.
The Public Communications Policy (PCP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
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