Islamabad: Secretary Privatization Mr. Irfan Ali, Additional Secretary to Prime Minister Dr. Kazim Niaz and senior government officials attended the briefing.
Secretary Privatization made a detailed presentation on the mandate and performance of the Privatization Commission. It was informed that since 1991, a total of 172 entities have been privatized generating a revenue of Rs. 678.9 billion.
The Prime Minister was informed that the privatization process has remained on the agenda of all successive governments and has continued unabated.
The Secretary also briefed the Prime Minister in detail about the updated status of the privatization process of Pakistan Steel Mills, Pakistan International Airlines and Karachi Electric Supply Corporation.
The Prime Minister, in his remarks, said that protection of the rights and legitimate interests of the employees was an important aspect of the privatization process and must be accorded priority. He also observed that it was important for the government to ensure that the terms of agreement in any transaction are not altered at any stage. The Prime Minister directed the Privatization Commission to conduct an analysis of the entire process to learn from the experience and further improve the future privatization of state entities.


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