Ishaq Dar promises consultation with coalition partners on privatisation plans

Deputy PM highlights losses suffered by Pakistan Steel Mills, questioning feasibility of enduring further losses

Deputy Prime Minister and Foreign Minister Ishaq Dar. PHOTO: FILE

Deputy Prime Minister and Foreign Minister Ishaq Dar assured the Senate that all coalition partners would be consulted on the privatisation process, emphasising transparency and accountability.

Dar addressed the Senate, stating that as the head of the Cabinet Committee on Privatisation (CCOP), he would ensure the process is transparent.

He highlighted the financial losses suffered by Pakistan Steel Mills, questioning the feasibility of enduring further losses.

Dar criticised previous governments for failing to resolve the Pakistan Telecommunication Company Limited (PTCL) privatisation issues dating back to General Musharraf's era.

He mentioned that only a fraction of PTCL's assets had been transferred to Etisalat, which had undervalued these assets.

Dar also reiterated Pakistan's support for Palestine, detailing the country's efforts in international forums such as the Organisation of Islamic Cooperation (OIC) and the Shanghai Cooperation Organisation (SCO).

He announced that Palestinian medical students would receive support to complete their education in Pakistan.

 

 

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