Prime Minister Shehbaz Sharif has instructed officials to expedite the process of privatising 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 privatisation 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 privatisation 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.
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 privatisation process has been divided into three phases: ten departments will be privatised in the first phase, thirteen in the second, and the remaining departments in the third phase.
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