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.
