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Meeting of the Privitization Commission: Government to Guarantee Transparency in Privitization of Establishments

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4 months ago

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The appointment of financial advisors from prestigious institutions to the departments to be privatized was decided upon by the Privitization Commission at its 22nd meeting.

Under the direction of Federal Minister for Privatization and Investment Abdul Aleem Khan, the board meeting was conducted.

The discussion included a briefing on the technical aspects of the privatization of PITA as well as the potential for the privatization of the Roosevelt Hotel in New York.

The meeting approved the major issues surrounding the institution’s privatization.

Federal Minister Abdul Aleem Khan presided over the meeting and stated the government would guarantee transparency in the process, citing the importance of privatization of institutions.

The government wants to privatize the institutions that are losing money and spare the national exchequer from more financial strain, he stated.

Minister Aleem Khan stated that making better and more sensible decisions is in the greater interest of the country, even though he was pleased with the privatization commission board’s performance.

The national exchequer has already seen significant losses, he continued, and we cannot afford to face more financial strain.

The minister emphasized that every organization that complies with the laws and guidelines needs to be part of the privatization process.

The addition of financial experts is a positive trend, according to Federal Minister Abdul Aleem Khan.

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Maintaining Fertiliser Price Stability: The Need for a Continuous Gas Supply to the Fertiliser Sector

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5 days ago

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To guarantee fertiliser price stability, a cabinet committee meeting was presided over by Senator Muhammad Ishaq Dar, the deputy prime minister.

Senior government officials, including Industries Minister Rana Tanveer Hussain, attended the meeting.

The attendees received an update on the government’s, gas suppliers’, and fertiliser industry’s conversations. Additionally, the gas supply for the fertiliser sector was evaluated and determined to be adequate.

Throughout the Rabi cropping season, the Deputy Prime Minister ordered the fertiliser industry to maintain a continuous gas supply in order to guarantee steady production and stock levels.

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Fifth Straight Cut: PM Applauds SBP’s Policy Rate Reduction

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5 days ago

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Prime Minister Muhammad Shehbaz Sharif has praised the State Bank of Pakistan’s decision to lower its policy rate by an additional 2 percent, stating that the bank’s current 13 percent rate is encouraging for the nation’s economy.

He expressed optimism in a statement that the policy rate cut would encourage investment and further boost investor confidence in the country’s economy.

The prime minister said that decreasing the inflation rate also lowered the policy rate and that future inflation rate reductions will be even more pronounced.

Additionally, he expressed gratitude to the Federal Finance Minister and other officials for their work in this area.

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GHQ Attack Case: Prosecution Seeks Bail Cancellation of CM KP & Other Accused, Indicts 9 More

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5 days ago

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25 defendants, including PTI officials, have non-bailable arrest warrants issued by the Anti Terrorism Court of Rawalpindi for their failure to show up for court proceedings related to the GHQ attack case.

Judge Amjad Ali Shah added nine more suspects to the GHQ attack indictment list during today’s ATC Court sessions, bringing the total to 98.

Among the 61 defendants who appeared in court were Shah Mehmud Qureshi and the founder of the PTI.

Among those charged are Khadim Hussain Khokhar, Mehr Mohammad Javed, Chaudhary Asif, Zakir Ullah, Azeem Ullah, Shireen Mazatri, Major Retired Tahir Sadiq, and former MPA Rashid Hafeez.

A plea to cancel the bail of 23 suspects, including Chief Minister Khyber Pakhtunkhwa, has also been filed by the prosecution side.

In the GHQ attack, there were 119 accused in total.

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