Prime Minister Shehbaz Sharif said no obstruction in privatization process will be allowed.
He emphasized that the services of such respectable lawyers will have to be sought if obstacles are created for privatization legally.
He reiterated that he won’t allow waste to increase anymore in those institutions which wasted the public resources.
A review meeting on the privatization process of government institutions and the task management system established for its supervision was held in Islamabad under the chairmanship of Prime Minister Muhammad Shehbaz Sharif.
Federal ministers Abdul Aleem Khan, Muhammad Aurangzeb, Rana Tanveer Hussain, Ahsan Iqbal, Ahad Khan Cheema, and other senior officers also attended the meeting.
During the meeting, the Prime Minister was briefed on the task management system developed for privatization and was informed of the privatisation timeline of various institutions.
In the meeting, it was said that the privatization of federal government institutions has been divided into three phases.
In the first phase, 10 institutions will be privatized, in the second phase, 13 institutions, and in the third phase, the remaining institutions will be privatized.
The Prime Minister ordered that the process of privatization should be speeded up so that it can be completed within the time set.
He underlined that the entire nation had to work in tandem for Pakistan’s progress and reemphasized that he would not tolerate further wastage in institutions which are depleting the invaluable resources of Pakistani people.
He said that state-owned institutions privatization was part of the government’s “Uraan Pakistan” plan.
He underlined the point that it is not for governments to run businesses, but their job is to provide policy measures and open the country to investment and business opportunities.
He further informed that timely and necessary reforms are pushing the economy forward rapidly.
The Prime Minister told that the privatization process of the designated institutions should be completed without compromising on transparency.
“I will personally oversee the privatization process and do not accept any disturbance,” he concluded while reiterating that authoritative lawyers should be engaged to clear legal barriers in the privatization process.
