ARMY WELFARE TRUST (AWT) KEEN TO PARTICIPATE IN PRIVATISATION PROCESS

Islamabad, March 16, 2010

 
Army Welfare Trust (AWT), a big business group having tremendous liquidity is keenly interested to participate in the Privatisation Program on Public Private partnership (PPP) and to play its role. Lt. General (Retd) Imtiaz Hussain Managing Director Army Welfare Trust stated during a meeting with Senator Waqar Ahmed Khan Federal Minister for Privatisation here today.

Both sides reached to an understanding to resolve the long due outstanding all the issues pending for more than couple of the decades in an amicable manner for the betterment of the government.

Senator Waqar Ahmed Khan Federal Minister for Privatisation lauded the interest shown by AWT for participating in the Privatisation activity and expressed his gratitude for amicably resolving the pending issues. The privatisation process was being carried forward in an open, fair and transparent manner while providing level playing field to domestic and foreign investment groups, he said.

He further stated that currently the government was passing through the phase of restructuring of eight major entities for improving the efficiency and to get maximum output to add value to these national assets prior to taking them to the market. Mr. Shahab Khawaja Federal Secretary ministry of Privatisation was also present during the meeting.