ISLAMABAD, Oct 11 (NNI): Caretaker Prime Minister Anwaar-ul-Haq Kakar has directed to expedite work on privatization of Pakistan International Airlines (PIA) and other loss making government enterprises.
Addressing a high level meeting in Islamabad Wednesday, the Prime Minister stressed transparency in the whole privatization process.
The meeting was given a detailed briefing over the different issues of PIA. The meeting was attended by Caretaker Minister for Privatization Fawad Hassan Fawad, Adviser to PM Ahad Cheema and other relevant authorities, PM Office Media Wing said in a press release.
During the briefing, the prime minister expressed his concerns over the delayed decision making with regard to issues of PIA. He stressed upon expediting the privatization process of PIA and other SOEs running into losses, adding that their losses could not be met with the public tax money.
The caretaker prime minister said that reforms in the aviation sector could bring better facilities to the public.
Transparency in the privations process should be ensured, he emphasised, adding fixing of responsibility for the losses was requisite so that necessary steps should be taken to avoid further losses.
The meeting was apprised of the progress on the financial situation of PIA and its privatization process. All the hurdles in its privatization process were removed, it was further added.
The prime minister directed for accelerating privatization of the national flag carrier to avoid further burden on the national exchequer.
The Caretaker Prime Minister said it is very important to determine those responsible for the losses being faced by state owned enterprises so that remedial steps could be taken. He said it is no longer possible to meet the deficit of these institutions from public taxes. NNI
