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The Board of Privatisation Commission is being expanded to make
privatisation process of State owned Entities (SoEs) totally transparent and
upto the satisfaction of all stakeholders. Senator Waqar Ahmed Khan Federal
Minister for Privatisation said in an interview with a foreign-based wire news
agency here today.
The expanded Board will also comprise of members of National assembly and
Senate as well eminent persons of judiciary, media, business & industry,
professionals and bankers.
Referring to the pace of the privatisation process, the Minister said that we
don’t believe in discounting our assets in haste, as we would offer
transactions on future value with value addition through management skills and
investments.
Senator Waqar Ahmed Khan further stated that the government believed that the
economic stability was subject to political stability and we have made
progress in this direction through resolving long due National Finance
Commission (NFC) award, disbursing royalties to the provinces, unanimous
decisions for Balochistan package and successful army operation against
terrorism.
Pakistan has sufficient room for the local as well as foreign investors for
expansion in the energy and power sectors while Communication, Livestock and
food areas were also open for value addition, he added.
Senator Waqar Ahmed Khan said that it was due to the economic policies of the
government that not even a single bank collapsed in Pakistan during the recent
global financial crisis.