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An amicable resolution of 19 years old National Finance Commission (NFC)
issue is a step towards provincial autonomy, which will further improve
confidence building among the federating units. Senator Waqar Ahmed Khan
Federal Minister for Privatisation expressed these views in an interview with
a local TV channel.
Senator Waqar Ahmed Khan lauded the efforts of the Chief Ministers of all the
four provinces, in general and Punjab, in particular for a unanimous decision
on NFC.
The Minister said that growth rate was improving while interest rate has
descended from 16 to 12 % and the inflation has also came down from 24 % to 10
%. The government was determined to make more efforts for political stability
and to extend relief to the common man, he said.
Referring to a question, the Minister said that national flag carrier Pakistan
International Airlines (PIA) has management issue, which would be resolved
through capacity building to improve the performance of our airline, which has
most lucrative routes and landing licenses around the world. We were in the
process to make Pakistan politically and economically very strong as we have
no room for mistakes, he added.
While refuting an impression, the Minister said that the strategic investors
have not shyed away, which would be proved soon through unprecedented
investment and privatisation in the coming days.
He further stated that we were taking all stakeholders on board and we were in
touch with the foreign missions, local business groups, multinationals,
chambers, industrialists and the provincial governments for the most
transparent privatisation process by providing equal opportunities to the
local and foreign investors.