2024-07-03 16:15:24
(Waqas Azim) Federal Minister of Privatization Abdul Aleem Khan has said that the national exchequer has lost 850 billion rupees due to the postponement of the privatization of the national airline (PIA).
Federal Minister for Privatization and Board of Investment Abdul Aleem Khan, while giving a media briefing on the 5-year privatization plan, said that all loss-making projects are being privatized rapidly in three stages. will
Abdul Aleem Khan said that they will not sell the institutions at any price, they will get maximum funds, the process of privatization is being done according to the prevailing laws and regulations, they will show full responsibility, he said that PIA, Steel Mill And the economy was damaged by the cancellation of privatization of projects like Recodec, Roosevelt, House Building Finance Corporation and First Woman Bank would also be privatized after PIA.
The federal minister said that in the next phase, the process of privatization of power generation and distribution companies will be done. State Life Corporation, Agricultural Development Bank, Utility Stores Corporation and PICO are also included in the privatization list. He said that all relevant departments have also been taken on board. , the entire process of privatization will be on an integrated basis. Federal Secretary Privatization gave a briefing on the progress so far regarding the privatization of institutions.
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2024-07-03 16:15:24