Pakistan will sell all state owned companies says pm SHEHBAZ SHARIF

Privatization of Government Companies: Pakistan, which is drowning under the burden of debt, has decided to sell all the government companies to save itself. Pakistan Prime Minister Shehbaz Sharif took this decision during a meeting with the Ministry of Privatization and Privatization Commission of Islamabad on Tuesday. Pakistani PM said that taxpayers' money can be saved by selling government companies. With this money the government will be able to provide many services to the people.

PM orders all ministries to cooperate in privatization

According to a report by ARY News, the government has decided to sell all government companies to private hands. Only strategically important companies will remain under the control of the government. Privatization Program 2024-29 was presented in the meeting. PM Shahbaz Sharif has approved this program after the meeting. Besides, instructions have been given to all the ministries to cooperate with the Privatization Commission.

Shahbaz Sharif said – doing business is not the job of the government

Pakistan PM said that the job of the government is not to do business. Our job is to create an environment suitable for business and investment. He directed that the privatization process of Pakistan International Airlines should be telecast live. After this, privatization of other companies will also be telecast live. Officials told the PM that privatization of Pakistan International Airlines will be completed by the end of this month.

Loss making government companies will be privatized first.

According to the report, the government of Pakistan will first privatize the loss-making government companies. Privatization Commission has also announced the formation of an expert committee to speed up the process of privatization. Many Union Ministers and senior officials of Pakistan were also present in this meeting. In the meeting held on Friday, the Cabinet Committee on Privatization had approved the sale of 24 government companies. Also, information was given to all the ministries in this regard.

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