Federal Minister for Privatization, Board of Investment and Communications Abdul Aleem Khan on Tuesday said the purpose of privatization of government entities is to get rid of the constant burden on the national exchequer.
He said the process of privatization of institutions has to be completed in accordance with laws and regulations and nothing can go against the existing procedure at any cost.
Presiding over the meeting of the Privatization Commission Board as Chairman here in Islamabad, Abdul Aleem Khan said a better and different strategy will be adopted for the privatization of Pakistan International Airlines (PIA) in the light of the previous experience and process.
He said after the recent reforms, the privatization of PIA has now been made easier and more attractive which is expected to yield better results, as well.
The Minister directed to further accelerate the work on the projects in line with transparency. He also directed that the privatization of DISCOs related to Ministry of Energy should be finalize within a week.
The Minister further directed that Privatization Commission Board should also take up pending matters with relevant Ministries to complete them in shortest possible time.