A high-level meeting of the Board of Privatization Commission was held in Islamabad under the Chairmanship of Federal Minister for Privatization, Investment Board and Communications Abdul Aleem Khan to finalize the privatization of various institutions and regarding important issues related to it. Federal Minister for Privatization Abdul Aleem Khan directed that all stakeholders should be kept on board for the privatization of national institutions and the Privatization Commission should ensure its full cooperation to the companies coming forward with serious offers. Abdul Aleem Khan said that the Prime Minister wants the privatization of PIA as soon as possible so there should be no further delay while completing the remaining process in this regard. Federal Minister for Privatization Abdul Aleem Khan said that Privatization Commission should attain financial autonomy by reducing its dependence on the Federal Government and ensure increase in its own resources.
Moreover, Federal Minister Privatization Abdul Aleem Khan, Minister of Finance Muhammad Aurangzeb and Minister of Law Azam Nazir Tarrar held a meeting to review the progress on privatization of House Building Finance Corporation. In this meeting it was agreed that the protection of the employees of the institution will be kept in view while its privatization. The technical and legal aspects of the privatization of the House Building Finance Corporation were also discussed in the meeting and a negotiation session was held with business group interested in the purchase of the House Building Finance Corporation along with the officers of the Privatization Commission. Federal Minister for Privatization Abdul Aleem Khan directed that all proposals for privatization should be opened in front of cameras in the presence of the media so that there should be no question on its transparency. Federal Finance Minister Muhammad Aurangzeb and Law Minister Azam Nazir Tarrar also emphasized on the privatization of the House Building Finance Corporation as soon as possible and directed to keep in view all procedural and legal aspects in this regard.
A shocking revelation has emerged from Islamabad Electric Supply Company (IESCO) regarding its procurement process…
In Azad Jammu and Kashmir (AJK), preparations have begun to observe the19th Anniversary of history’s…
After the days-long hot and dry weather across the country, the Pakistan Meteorological Department (PMD)…
In a significant initiative aimed at reviving traditional crafts and welfare of artisans, a Handicraft…
Former president Dr. Arif Alvi’s wife and son, Awaab Alvi, have moved the Sindh High…
The Local Government & Community Development (LG&CD) Department developed a comprehensive plan to implement a…
Leave a Comment