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

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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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Irfan Siddiqui meets with the PM and informs him about the Senate performance of the parliamentary party.

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The head of the Senate’s Foreign Affairs Standing Committee and the PML-N’s parliamentary leader paid Prime Minister Muhammad Shehbaz Sharif a visit in Islamabad.

Senator Irfan Siddiqui gave the Prime Minister an update on the Parliamentary Party’s Senate performance.

Additionally, Senator Irfan Siddiqui gave the Prime Minister an update on the Senate Standing Committee on Foreign Affairs’ performance.

He complimented the Prime Minister on his outstanding efforts to bring Pakistan’s economy back on track and meet its economic objectives.

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SIFC Increases Direct Foreign Investment: Investment in the Energy Sector Rises by 120%

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The Special Investment Facilitation Council is intended to help Pakistan’s energy sector attract $585.6 million in direct foreign investment in 2024–2025. The amount invested at the same time previous year was $266.3 million.

This is a notable 120% rise, mostly due to investments in gas exploration, oil, and power. Such expansion indicates heightened investor confidence and emphasizes the development potential in important areas.

The State Bank reports that foreign investment in other vital industries has increased by 48% to $771 million.

This advancement is a blatant testament to SIFC’s efficient investment procedure and quick project execution.

The purpose of the Special Investment Facilitation Council is to establish Pakistan as an investment hub by aggressively promoting regional trade and investment in the energy sector and other critical industries.

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Speaking to a press conference, Marriyum Aurangzeb says the PML-N government has restored the trust of investors.

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According to Marriyum Aurangzeb, senior Punjab minister, the PML-N government has won back the trust of investors by making strides in a number of areas, including agriculture.

Marriyum Aurangzeb, speaking at a press conference in Lahore, emphasized the Punjab government’s initiatives to bring about major changes in the province, particularly in Lahore.

Marriyum Aurangzeb stated that in order to guarantee sustainable growth, the master plan for Lahore has been completed, and plans of a similar nature are being worked on for other districts.

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