ISLAMABAD, Feb 6 :Prime Minister Muhammad Nawaz Sharif on Thursday chaired a review meeting on the task management system established for the privatization process of the state-owned enterprises (SOEs) and its monitoring.
\nThe prime minister while chairing the review meeting here at the Prime Minister\u2019s Office underlined that privatization of state-owned enterprises was part of the government\u2019s Uraan Pakistan economic reform and transformation initiative, a Prime Minister\u2019s Office news release said.
\nPrime Minister Muhammad Shehbaz Sharif on the occasion emphasised that everyone would have to work together for the development of Pakistan. \u201cI will not allow further losses in SOEs that are wasting the valuable resources of the Pakistani people. The government\u2019s job is not to do business, but to provide policy measures and facilities for business and investment,\u201d the prime minister said.<\/p>\n
He added that the government was rapidly heading towards improving the economy with timely and necessary reforms. The privatization process of the designated institutions should be accelerated without compromising on transparency, the prime minister said.
\nPrime Minister Sharif directed to hire services of lawyers of good reputation to remove legal obstacles in the privatization process. \u201cI am personally monitoring the privatization process, no kind of delay will be accepted,\u201d he said.
\nDuring the meeting, the Prime Minister was presented with a review of the task management system created for privatization.
\nThe meeting was also informed about the specific period for privatization of various institutions. The meeting was informed that the privatization of federal government institutions was divided into three phases.
\nIn the first phase, ten institutions would be privatized, in the second phase, thirteen, while in the third phase, the privatization of the remaining institutions would be ensured.
\nThe prime minister directed to expedite the privatization process and ensure the completion of the privatization process within the specified period.
\nFederal Ministers Abdul Aleem Khan, Muhammad Aurangzeb, Rana Tanveer Hussain, Ahad Khan Cheema and relevant senior officials attended the meeting.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD, Feb 6 :Prime Minister Muhammad Nawaz Sharif on Thursday chaired a review meeting on the task management system established for the privatization process of the state-owned enterprises (SOEs) and its monitoring. The prime minister while chairing the review meeting here at the Prime Minister\u2019s […]<\/p>\n
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