Monday, January 22, 2007

Privatisation: Afghanistan to sell of state-run businesses

The Afghan government has announced plans to privatise most state-owned enterprises.

The government will sell 54 of its 63 enterprises Finance Minister Anwar-Ul-Haq Ahady told reporters. The remainder - including enterprises involved in transport, power, water, accommodation, prisons and agro-plants - would be kept.

The privatisation is expected to be completed in three years and the government would continue to pay most of the employees for two years.