Privatisation of state institutions: PTI government takes the important decision in the Right direction

Privatisation of state institutions: PTI government takes the important decision in the Right direction

ISLAMABAD - Prime Minister Imran Khan says completion of the privatisation process on fast track basis will help increase the government's financial resources to start more public welfare projects.

Chairing a meeting to review progress on privatisation process in Islamabad today (Friday), he said it will help to ensure provision of health, education and other facilities to the people.

The Prime Minister said increasing the non-tax revenue is among top priorities of the government.

He said the privatisation process aims at saving the national coffer from daily loss of millions of rupees besides handing over under-performing institutions to capable people, so that these are fully utilized according to their real potential.

Imran Khan rejected the impression that government only wants to get rid of loss making institutions through privatisation.

The Prime Minister said running the institutions according to their capacity while saving the national exchequer from loss, getting best results from institutions and overall improvement of the economy is the main soul of privatisation process.

He said the privatisation process will help improve the performance of institutions that were not working according to their capacity for the last many years due to lack of attention.

Imran Khan directed that privatisation of all identified institutions be completed in stipulated time frame. He said the government is committed to provide all necessary resources to privatisation division in this regard.

The Prime Minister also directed for ensuring the dynamic and fullest role of all ministries involved in privatisation of assets and institutions.

He said the Prime Minister Office should be continuously updated on progress regarding privatisation process and any hurdle in this regard be removed.

Earlier, in his briefing Secretary Privatisation Rizwan Malik said those institutions and assets have been included in privatisation process that are a burden on national exchequer or performing less than their capacity.

In addition, such public properties have also been included in the process which have been unutilized for years or are not profitable.

The Prime Minister was apprised that privatisation of various public sector institutions is in last stages and deep interest is being shown internationally in the privatisation of these institutions.