Minister calls for competitive privatization process

October 01, 2024 (MLN): Federal Minister for Privatization Abdul Aleem Khan has directed that the process of privatization should be completed in the atmosphere of competition and the goal of success be ensured so this process can be ensured as transparent as possible.

In the important meeting of the Privatization Commission Board under the chairmanship of Federal Minister for Privatization, Board of Investments & Communications Abdul Aleem Khan, it has been decided to form a Negotiating Committee for the privatization of institutions.

While presiding over the 225th session of the Privatization Commission Board, Federal Minister for Privatization, Board of Investment and Communications Abdul Aleem Khan said that after privatization of the institutions marketing and the sales sector of those departments should remain on high pitch.

He added that these institutions being privatized should be successful in addition to earning revenue for the Government.

In the meeting of the Privatization Commission Board instructions were issued by the Federal Minister to the Department that the advertisements given in the newspapers for privatization should be made part of the relevant file which is also necessary for.

He added that legal regulations should be implemented fully in the process of privatization.

In the meeting, issues related to the privatization of more institutions including Agricultural Development Bank and Utility Stores were also discussed while the appointment of Financial Advisor was also came under discussion.

Apart from this, important decisions were also taken while discussing technical matters in the meeting.

Federal Minister invited all the Members of the Privatization Commission Board to be more active and participate in the PCB to speed up the process.

Briefing the meeting of the Privatization Commission Board, the Federal Secretary told that all relvent issues have full legal protection therefore all the process is being carried out as per the rules.

Members of Privatization Commission Board approved various decisions including the proceedings of the previous meeting of PCB.

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