Islamabad: Prime Minister (PM) Imran Khan on Wednesday directed the authorities concerned to expedite the privatisation of various underutilised government properties and non-profitable institutions, according to news sources.
The PM gave these directives
while chairing a meeting focused on the privatisation of various government
institutions. He stated that public entities that weren’t performing at their
optimal levels should be privatized in order to reduce the burden on the
national treasury, and to generate income to boost social and welfare projects.
In addition, PM Khan encouraged the departments concerned to boost inter-ministerial coordination to further facilitate this privatisation process; saying that this initiative was in the country’s best interest.
Privatisation Commission
Secretary Rizwan Malik briefed the meeting that the privatisation of seven
institutions and properties would be completed by the end of this year. He
revealed that these projects included two re-gasified liquefied natural gas (RLNG)
power plants, the SME bank, the Jinnah Convention Centre Islamabad, the Services
International Portal Lahore, and 27 state-owned properties.
The PM was further informed that
seven transactions would be completed by June of this year. He responded by
reiterating that all efforts should be made by the authorities concerned to
conclude the privatization process within the given time frames.
Hazafa reveres the art of writing and has been turned into a property enthusiast by profession. Her daily survival kit includes; tea, coffee, keyboard and paperbacks.
