PM wants privatisation process to be transparent

Prime Minister Shehbaz Sharif on Wednesday directed the authorities to ensure that the Privatisation Commission would be given full autonomy as per the law to eliminate red tape and unnecessary elements during the denationalisation process of the state-owned enterprises (SOEs). Presiding over a meeting to review progress SOE privatisation, the PM underlined that the privatisation of loss-making national enterprises was essential for the improvement and development of the country’s economy, whereas it was the government’s top priority to carry out the privatisation process effectively, comprehensively and efficiently. He had directed the quarters concerned to make sure that all legal steps and transparency requirements should be fulfilled in the privatisation of selected enterprises.