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The Hungarian investors are keen to benefit from the ongoing Privatisation
Program of Pakistan and to exchange experience with the Pakistani
entrepreneurs. Mr. Istvan Darvasi Envoy of the Republic of Hungary to Pakistan
expressed these views during a meeting with Syed Naveed Qamar Federal Minister
for Privatisation here today.
Syed Naveed Qamar Federal Minister for Privatisation lauded the interest
conveyed by Hungarian envoy and said that it would further strengthen the ties
between the two countries. Pakistan has the potential to provide hub for the
regional economies, which would benefit all stakeholders, he said.
Referring to the recent European Union (EU) Summit, the Minister said that
Pakistan’s stance for “Trade not Aid” reflects our targeted goal for achieving
stronger economy for a long-term stability.
Giving an over view of Pakistan’s Privatisation Policy and Program, Syed
Naveed Qamar stated that with the commencement of Public Private Partnership
mode to privatise public sector entities the government was determined to
bring in private sector efficiencies and fresh investments, to increase
dividend on government’s shareholdings and to enhance the value of the
national assets.
The Minister informed that the countrywide network of Post Offices and Utility
Stores would be made further effective through PPP mode. The government was
also considering going ahead with power distribution and generation sectors
and was reviewing to improve the services of Pakistan Railways. Under the new
privatisation policy the workers were being empowered by allocating 12. 5 %
shares of all the Public sector entities to ensure their representation on the
Board of Directors and to transmit the profit of the respective entities to
the workers, he added.
The envoy hoped that the deliberations of the EU Summit would pave the way for
liberalizing the trade and economy and to further strengthen economic bonds
between Pakistan and EU economies.