PM Imran Khan takes important decisions over the privatisation of the State Owned Entities

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PM Imran Khan takes important decisions over the privatisation of the State Owned Entities

ISLAMABAD - Prime Minister Imran Khan has said privatization of state enterprises, burdening the government exchequer, is in the national interest.

He was speaking at a briefing in Islamabad today about capacity building of state enterprises under being run under the ministry of industries.

The Prime Minister said the main objective to privatize state enterprises, their merger, or giving them back to respective departments is to reduce economic losses and enhance their performance and capacity.

He said business community and change management experts will be consulted in this process. He directed the division of industries to expedite privatization process of approved state entities to ensure completion of this procedure within the stipulated time.

It was briefed that there are 38 organizations under Industries Division and nine of them will remain with it after privatization of 13 entities and merger of ten others, while five will be transferred to respective divisions and provinces.