Minister of State for Petroleum Dr Musadik Malik addressing a press conference in Islamabad on December 5, 2022. PHOTO: PID
Federal Minister for Petroleum Dr Musadik Malik stated on Saturday that the government encourages the youth to start their own businesses, aiming to shift focus from state-run firms to SMEs.
Responding to the proposed privatisation of the Pakistan Minerals Development Corporation, Malik explained the government's intent to exit business ventures, particularly loss-making state enterprises. He stressed the need for educated youth to pursue entrepreneurship rather than rely on government jobs. He highlighted that SOE have cost Pakistan billions, including PMDC.
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