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Pakistan PM Orders Swift Privatization of Government Departments

PM Shehbaz urges swift, transparent privatization of government departments under "Uraan Pakistan" with legal support. [Image via The Express Tribune]

Prime Minister (PM) Shehbaz Sharif has instructed officials to expedite the process of privatization of government departments, ensuring its completion within the designated timeframe.

The directive was issued during a review meeting in Islamabad on Thursday, where the Task Management System for monitoring the privatization process was discussed, Radio Pakistan reported.

The PM emphasised that the process must be carried out with full transparency and that any legal hurdles should be addressed by engaging reputable lawyers. “The services of reputable lawyers should be hired to remove legal obstacles in the privatisation process,” he said.

PM Shehbaz added that the privatization initiative is part of the government’s “Uraan Pakistan” programme, underlining that the role of the government is to facilitate business and investment, rather than engaging directly in business operations.

“The government’s job is not to do business, but to take policy measures and facilitate business and investment,” he stated.

He further noted that the country is progressing rapidly towards economic improvement thanks to timely reforms and called for collective efforts to advance Pakistan’s development.

Also See: Pakistan Aims for 30% Electric Vehicle Adoption by 2030 for Sustainable Transport

During the meeting, the PM was briefed on the Task Management System for privatisation and was informed about the timeline for the privatisation of various government departments.

The privatization process has been divided into three phases: ten departments will be privatized in the first phase, thirteen in the second, and the remaining departments in the third phase.

This news is sourced from [The Express Tribune] and is for informational purposes only.

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