*ISLAMABAD - Adviser to PM on Finance Hafeez Sheikh said on Sunday that the government has decided to expedite the process of privatisation of some state-owned enterprises.*
Sheikh said so while speaking at a press conference in Islamabad. He said currently the privatisation of the National Bank of Pakistan and the State Life Insurance Corporation of Pakistan is under consideration.
The PM’s adviser said the economic indicators were “worrisome”, when the incumbent government took over the reins of the country. He said the country was going to be bankrupted because of the past policies.
“We improved the economic situation through financial reforms,” Sheikh said. “The current account deficit was reduced by 73%.”
He said the government froze the defence budget and set a target of Rs5,500 billion tax collection.