Privatization of SOEs underway to enhance efficiency: Khurram Schehzad

News Image

MG News | February 14, 2025 at 11:23 AM GMT+05:00

0:00

February 14, 2025 (MLN): The privatization of state-owned enterprises (SOEs) is underway to improve governance and efficiency.

This was stated by the Advisor to the finance minister on Economic and Financial Reforms, Khurram Schehzad, while addressing the New Member Ceremony 2025, organized by the Association of Chartered Certified Accountants (ACCA).

Pakistan has achieved economic stability, with the government committed to sustainable growth and long-term economic development, he added.

Discussing the government’s economic reforms, he stated that the International Monetary Fund (IMF) has acknowledged Pakistan’s progress in implementing key economic measures.

“Macroeconomic stability has been achieved, and economic indicators are showing positive trends,” he added.

The Advisor underscored ongoing efforts to increase tax revenues and reduce unnecessary expenditures, emphasizing that fiscal discipline and sustainable growth remain top priorities.

He also mentioned that the government is actively working to attract efficient, export-driven foreign direct investment (FDI) to strengthen Pakistan’s economic foundation.

Regarding public sector reforms, he noted that the government is rightsizing 43 federal ministries and over 400 attached departments to enhance efficiency and reduce financial imbalances.

“So far, 150,000 vacant posts have been abolished where no inductions were planned,” he informed.

He also mentioned the decline in inflation and the increase in foreign exchange reserves as the positive developments for the economy.

Congratulating the entire ACCA Pakistan team and the new members, he acknowledged their achievements and contributions to the finance and accounting sector.

He also extended his congratulations to Ayla Majid on becoming the Global President of ACCA, recognizing her achievement as a proud moment for Pakistan.

He encouraged young professionals to prioritize working in Pakistan.

“Challenges exist everywhere, whether at home or abroad, but with passion, hard work, and discipline, success is achievable,” he emphasized.

He further highlighted that youth are the driving force behind Pakistan’s progress.

“Our youngsters must lead this country. They have immense potential and the responsibility to take Pakistan forward,” he stated.

He urged them to remain hopeful and positive about Pakistan and its economy, emphasizing that their contributions will shape the nation’s future.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,665.50
299.28M
1.68%
2285.53
ALLSHR 85,699.50
778.48M
1.24%
1051.15
KSE30 42,353.14
103.20M
1.94%
806.91
KMI30 195,182.04
107.99M
1.81%
3462.27
KMIALLSHR 56,389.15
437.73M
1.01%
561.42
BKTi 38,422.98
17.31M
1.57%
595.37
OGTi 27,718.26
13.25M
0.17%
47.58
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 119,760.00 119,915.00
117,720.00
130.00
0.11%
BRENT CRUDE 69.33 69.42
68.27
0.81
1.18%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
0.95
0.99%
ROTTERDAM COAL MONTHLY 105.00 105.00
105.00
-0.15
-0.14%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.35 67.54
66.29
0.97
1.46%
SUGAR #11 WORLD 16.75 16.88
16.54
0.19
1.15%

Chart of the Day


Latest News
July 17, 2025 at 09:25 PM GMT+05:00

Auto financing in Pakistan rises to Rs277bn in June


July 17, 2025 at 09:08 PM GMT+05:00

SBP reserves rise to $14.53bn in a week


July 17, 2025 at 05:11 PM GMT+05:00

Gold price in Pakistan falls Rs900 per tola


July 17, 2025 at 04:53 PM GMT+05:00

PSX calls for market feedback on free-float reforms


July 17, 2025 at 04:30 PM GMT+05:00

KTML Board proposes share sub-division to Rs2 face value



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg