Federal Minister for Privatisation, Board of Investment, and Communications, Abdul Aleem Khan, emphasized that the aim of privatizing government entities is to alleviate the ongoing financial burden on the national treasury.
During a meeting of the Privatization Commission Board, which he chaired, Khan asserted that the privatization process must adhere strictly to existing laws and regulations, with no deviations allowed. He indicated that a revised strategy for the privatization of Pakistan International Airlines (PIA) would be implemented based on previous experiences.
Khan noted that recent reforms have made the privatization of PIA more feasible and appealing, projecting improved outcomes as a result. He urged the board to expedite project work while ensuring transparency.
In the 229th meeting of the Privatization Commission Board, members approved the minutes of the last meeting and discussed significant recommendations regarding various government entities. Khan instructed that issues related to the privatization of Distribution Companies (DISCOs) be resolved with the Ministry of Energy within a week. He also called for the board to address outstanding matters with relevant ministries to ensure timely completion.
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