Privatization process to be completed with transparency: Minister

January 30, 2020: Minister for Privatization, Muhammad Mian Soomro says privatisation process will be completed with transparency and efficiency.

Addressing a news conference along with Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan in Islamabad on Wednesday, he said rules of Public Procurement Regulatory Authority and past court judgments will be fully observed while carrying out the privatization of the state-owned entities.

He said bids have been received for Haveli Bahadur Shah Plant of 1230 MW and Balloki plant of 1,223 MW, which shows their trust on present government's economic policies.

He said sale transactions of six entities will be completed this financial year. 

Speaking on the occasion, Secretary Privatization Rizwan Malik said the proceedings of the privatization will be utilized on debt servicing and public welfare projects.

He said the huge response was seen during the roadshows held by the privatization commission in various countries and after a period of ten years, the strategic sale will restart in Pakistan.

Secretary Privatisation said due diligence of twenty-seven government properties, that are non-utilized, has also been completed.

In her remarks, Dr Firdous Ashiq Awan said the non-functional government institutions will be privatized to make them functional. 

Radio Pakistan

Posted on: 2020-01-30T09:53:00+05:00