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Pakistan has the largest Privatisation Program and the fairly long time
experience in the South Asia, which can be mutually beneficial for the
entrepreneurs of entire region including Azerbaijan. Syed Naveed Qamar Federal
Minister for Privatisation stated during a meeting with Dr. Eynulla Madatli
Ambassador of Azerbaijan to Pakistan who called on him here today.
Syed Naveed Qamar Federal Minister for Privatisation informed the envoy that
privatisation process has been given new dimension with the promulgation of
new Privatisation Policy for associating the private sector through Public
Private Partnership (PPP) mode, which was the real engine of economic growth
and could ensure efficiency, increase production, bring in fresh investment
and expand the existing operations with the latest technologies and ensuring
new job opportunities. He assured the envoy of full assistance for benefiting
from Pakistan’s experience in establishing the regulatory regimes and the
process of open, fair and transparent privatisation and investment activities.
The present government always gave priority to bring the private sector
forward through the best privatisation program in a most transparent, open and
fair manner, he added.
Dr. Eynulla Madatli Ambassador of Azerbaijan said that Joint Ministerial
Commission (JMC) of both the countries were exploring the new avenues for
focusing in various sectors of economy including Information Technology, Oil &
Gas sectors, Energy, Privatisation and Investment.
The envoy said that the Republic of Azerbaijan intended to benefit from the
experience of Pakistan in services, transport sectors, privatisation and
investment fronts. Azerbaijan started privatisation of its State Owned
Entities in 1995 after five years of its independence, he stated.
The existing strong relations between the governments and the peoples of both
the countries would be further strengthened in the days to come, he hoped.
Syed Naveed Qamar lauded the efforts of the envoy for promoting the existing
economic relations and further cementing these relations between the two
countries.