PM Kakar orders to expedite privatisation process

Caretaker Prime Minister Anwar-ul-Haq Kaka on Monday directed the authorities concerned to accelerate the process of privatisation of loss-making state-owned enterprises (SOEs).

The prime minister made the remarks while talking to Minister for Privatization Fawad Hasan Fawad who called on him in Islamabad today and apprised him of progress on privatisation of these enterprises.

Privatisation of loss-making enterprises is vital to save the national exchequer from further loss, said PM Kakar. He said the role of the Special Investment Facilitation Council (SIFC) in this regard is commendable.

Last month, the caretaker premier directed authorities to expedite the privatisation process of loss-making Pakistan International Airlines (PIA).

The development came amid reports claiming that the national flag carrier’s flight operations would be suspended by September 15 if emergency funds were not provided.

Earlier, speaking to Geo News, a senior director of PIA had said the number of operational planes had been reduced to 16 from 23 which led to the cancellation of several flights.