Govt Pushes Privatization PIA & Power Firms Up for Sale
“The government will not keep the state entities with it that can be run in the private sector,” talking to the media in Karachi finance minister said.
He said privatization of the state-owned entities has been in the best interest of the country. “We have to improve the DNA of the economy,” he further said.
The finance minister said that the IMF’s review mission will arrive in Pakistan in the first week of March.
Aurangzeb said that the current account has been in surplus. The State Bank has brought the interest rate down and economic stability improving, he said.
“We have to focus on the emerging markets,” he said. He said the privatization will facilitate progress in other sectors. “We have to move towards a sustainable and participatory development,” the minister said.
The finance minister said that the privatization of three power distribution companies to begin soon. “PIA will also be brought to market again for privatization”.
He said the challenges being faced by Pakistan are not specific to it, other emerging economies also facing various challenges.
“What is the agriculture income if it is not a structural reform,” the minister questioned. “We will jointly review the implementation of the agricultural reforms,” the finance minister said.
Mutib Khalid is a skilled content writer and digital marketer with a knack for crafting compelling narratives and optimizing digital strategies. Excel in creating engaging content that drives results and enhances online presence. Passionate about blending creativity with data-driven approaches, Mutib Khalid helps brands connect with their audience and achieve their goals.
