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The privatisation process of public sector entities is resulting growth in
the country's economy in an efficient and effective way. Mr. Awais Ahmed Khan
Leghari Federal Minister for Privatisation & Investment stated this while
chairing a meeting to review the progress and status of various ongoing
and upcoming public sector entities under the Privatisation Program here
today.
The Minister said that the excellent progress made by the Privatisation
Commission during the past three years generated good proceeds for the
treasury for the debt retirement process and for the implementation of the
government's poverty alleviation program. The pace of the privatisation
process set by his predecessor would be continued, he added.
He further stated that the government's program; "Privatisation for the
People" would be further geared up to transmit the benefits of privatisation
to the common man of the country and gave the instructions to implement this
policy of the government in letter and spirit, which was beneficial for the
people of Pakistan. He directed the PC officials to target the privatisation
of ongoing transaction with a realistic time schedule.
The Minister was informed that since the inception of the Privatisation
Commission 159 public sector entities have been privatised and out of 1063
cases in the courts since inception, 914 have been disposed off by the courts
while only 149 cases were pending in the courts.
During a briefing the Minister was informed that the privatisation process of
PSO, NITU, NPCC, PPL, OGDCL, Jamshoro Power Company, Faisalabad Electric
Supply Company were at an advance stage while 34 SoQs received for the
privatisation of SNGPL, SSGC were under the process of pre-qualification. The
privatisation process of Services International Hotel land at Lahore, Heavy
Mechanical Complex, Lasbella Textile Machinery, Hazara Phosphate and Lyallpur
Chemical were also under process, the Minister was informed.