Thursday, July 4, 2024 05:42 PM
Abdul Aleem Khan Reveals Privatization Plans in Pakistan
- State-owned entities like PIA and Utility Stores Corporation to be privatized
- Minister Ali Pervaiz Malik directs field units to combat iron and steel smuggling
- Government's efforts aim to boost economy, attract investments, and ensure fair competition
Image Credits: radio.gov.pkThe Minister for Privatization in Pakistan reveals plans to privatize state-owned entities like PIA and Utility Stores Corporation. Additionally, measures are being taken to combat iron and steel smuggling to safeguard local industries and promote fair competition, reflecting the government's commitment to economic growth and transparency.
The Minister for Privatization, Abdul Aleem Khan, has revealed that several state-owned entities in Pakistan are being considered for privatization. These entities include Pakistan International Airlines, Roosevelt Hotel, First Women Bank, Utility Stores Corporation, and various power distribution companies. This move aims to improve efficiency and competitiveness in these sectors, ultimately benefiting the economy and consumers.
In another development, Minister of State for Finance Ali Pervaiz Malik has directed all field enforcement units to step up their efforts in combating the smuggling of iron and steel products. This directive is crucial in safeguarding the local industry and ensuring fair competition in the market.
The government's decision to privatize state-owned entities and enhance measures against smuggling reflects its commitment to promoting economic growth and transparency. By streamlining operations and curbing illegal activities, Pakistan is poised to attract more investments and foster a conducive business environment for sustainable development.
