Abstract: Privatization is an initiative that is finalized upon the selling-off of the State Owned Enterprises (SOEs). It is also felt when the Government of a certain country is to contract out the State Services. Pakistan as a developing country of the world, enjoys a pride of its geographical importance, does not stand as a nation that participates unduly in privatizing the governmentassets. Rather despite the government urge, some unforeseen incidents that happen today in Pakistan are not to attract foreign investors to have a desire of executing investment in SOEs. The aim of our study is to focus upon the effects of privatization, either acceptable or not, on an economic growth of Pakistan and on the other macroeconomic indicators