|
|
|
|
|
A high level Private Sector Operations Department (PSOD) Mission from Asian
Development Bank (ADB) led by Mr. Robert Bestani, Director General PSOD held a
meeting with the Secretary Incharge Privatisation Division here today.
During the discussion the PSOD Mission focused to identify and evaluate
avenues for facilitating private sector investments in the country and the
Privatisation Program.
While briefing the delegation on the Investment and Privatisation
opportunities and the measures taken by the Government to facilitate and
attract private sector investments, Mr. Ahmad Waqar, Secretary Privatisation
Division highlighted the key areas where PSOD and ADB could assist the
Government in further strengthening the private sector investment and
participation including identification and development of projects for private
sector investments, enabling the financial institutions to develop the
requisite skills for providing advice to the private sector in different
sectors, development of appropriate debt instruments and secondary market in
debt securities etc., support to the public-private interface within the
Government agencies, and assistance in the form of risk management tools like
guarantees, insurance for private sector investors participating in the
privatisation process.
The PSOD Mission appreciated the Government's efforts and initiatives for
private sector participation in the different sectors of the economy and
offered ADB's assistance and cooperation in this regard. The ADB Mission
during their visits to Karachi and Lahore will meet other Government agencies
at the Federal and Provincial levels, business groups and banks.
The Mission is also holding seminars at Karachi and Lahore to brief private
sector groups in Pakistan on ADB's private sector operations.
Mr. M. Ali Khan, Country Representative of ADB in Pakistan and other senior
officials of ADB accompanied the Mission. Senior officials of Privatisation
Commission and Board of Investment also attended the meeting.