Dr. Shamshad Akhtar – the Caretaker Finance Minister of Pakistan – has underscored the need to accelerate the process of privatization of loss-making state-owned enterprises to foster efficiency, and productivity and enhance the overall revenue of the country.
According to the media reports, Caretaker Finance Minister Shamshad Akhtar made the remarks while chairing the inaugural meeting of the Cabinet Committee on Privatization in Islamabad today (Thursday, September 7).
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Regarding the privatization and restructuring of Pakistan International Airlines (PIA), the Cabinet Committee on Privatization decided to form a technical committee for resolutions of bottlenecks and directed the Aviation Ministry to work with the Privatization Commission to present a detailed action plan with a clear time framework.
The Committee also constituted a committee led by the caretaker Minister for Energy to present a viable plan with a timeline regarding private sector participation in the management of DISCOs.
