Karachi: Federal Minister for Privatisation Mian Muhammad Soomro has announced the government’s decision to privatise 18 state-owned enterprises, a news source reported. To this effect, he has stated that international companies from around the globe will participate in the bidding process.
The minister revealed this information during a press
conference in Islamabad. Special Assistant to the Prime Minister (PM) for
information & Broadcasting Firdous Ashiq Awan was also present at the
occasion.
On her par, the special assistant said that the government was commencing with the privatisation process for the public’s welfare. She said that the process would begin under the leadership of the privatisation minister. She added that the government would turn under-performing industries into profitable organisations as part of its commitment to develop the national economy.
Pointing out that the process of privatisation begun after
2018, Awan said that the government would invest the resultant revenue for the
welfare of the masses. She added that Soomro was taking forward the agenda of
the PM.
