Are PIA, PSM being privatised by PTI government?

Are PIA, PSM being privatised by PTI government?

ISLAMABAD – Minister for Finance Asad Umar has clarified that the government was not intending to privatise state-owned enterprises, including PIA , OGDCL and power distribution companies.

Talking to a private news channel on Sunday, the minister said that the government was exploring all other opportunities to strengthen the national economy.

He said that the situation of uncertainty in national economy would be cleared by mid of October as the economic reforms were on the top of the government’s priorities.

He said the government also wanted to enhance exports, promote investments and industrial development in the country for producing exportable surplus and fetching the foreign exchange reserves.

He said the forex reserves were under pressures as every month about US$ 2 billion were spent to meet different financial needs of the country.

Asad termed the meeting with Saudi officials very productive and said it was premature to forecast the actual volume of investment coming from the Saudi Arabia.